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Well maybe we should auction this. Slap some lipstick on the pig and trot it out with a low reserve
Yep agree.
What forces a bid? Ego's do.
BBG. I'm not, I didn't say that, I said we had 3 major shareholders I didn't say I was expecting a bid from anyone.
My point was why should anyone show their hand first ? It's the worst thing to do, if there is another bidder you are 3 bids in to stay in the game not two. I buy a lot at auctions,it's mainly psychological.
Lol
Sweet! No Freudian slip intended
I would imagine with it being Valentine’s Day, most men will be preoccupied by servicing their boilers to keep them sweat
I wouldn’t necessarily expect the PFS today or tomorrow, besides is something so close to the midpoint of Q1 really classed as “early in Q1”?
Jezzo, Fortescue bidding for SOLG will force the hand of current majors hareholders.
Why are you only expecting a bid to come from current major shareholders?
SOLG will be doing it best to drip feed BHP and Newmont to keep them guessing (just the way they are doing to us).
Yes, FWIIW, I think any revised IPA will come once Noboa has assurances that it's sold or a deal has been done etc as I think they are both likely to be linked and there's not much to gain by agreeing a new IPA when sp is 7p as it may attract or upset the planned behind scenes talks. It's probably already been agreed and has been parked while they finalise deal/sale discussions.
Chinese new year at mo but that ends next week.
Feb 14th represents exactly the half way mark in any normal year but this year is a leap year so he's still true to his word if he delivers PFS tomorrow morning but it's by the skin of his teeth.
MD&A due by close of play or Aussie time, so could get two RNS's tomorrow or actually a few if they include a royalty deal $50m announcement. I don't mind if the latter is delayed a little as it might suggest 'interested parties' are close to agreeing a monetisation event and thus further funding not required. It's all going to kick off here ... imminently.
I think that’s about fair as a starting point ….. from here that’s still a big premium. Shame is most of the damage over the last few years feels largely self inflicted
If an offer of 25p landed, I can't see BHP agreeing to it. Or NMM for that matter. Not to mention a bucket load of investors out there that know it's worth much more.
But there will be some newbies in at 7p levels that bite the hand off and a few other weary ones. So that helps with giving any 25p bid some credibility. Ultimately it goes on Asset value and industry benchmarks minus the risk discount. So the sp will need to reflect this. 25p would not succeed, but it might draw a few out.
Fort …….
“I think Bob is going through the current phase first... which is what is it going to take to make a crap bid look good and grind shareholders into the ground so they feel like they have to accept it”
That’s certainly how it feels ….. the question is what level.
The recent dire share price performance added to the seeming willingness of the board to just let it drift to make you wonder who it suits.
Which contradicts Bob’s recent comments that he sees Cascabel fair value starting at around 60c Cu equivalent in the ground…… roughly 60p.
So as always it’s as clear as mud
It’s almost certainly a fact they have deliberately crashed the price in order to entice a monetising event.. Watch Scot and the boys claim a great result when it goes for 25-30p.. and they absolutely will boast about how they achieved a circa 300% premium.. bonus’s and backslaps all round guys… good job!! They will praise each other’s great contributions and hard work getting it done..
Just don’t look at the fact it was already hovering around 20p before Scot and the boys took over..
Problem is Jezzoo it is insurmountable as long as major players hold a share, because they won't budge, so we need an agreed offer in order get a sale.
I see that our most unintelligent poster on here still doesn't understand that the register is also called the book, but then again why should he, that's part of what makes him the most unintelligent poster on here by some considerable margin.
Fort, this is ultimately it. Glad to see you come around.
The figure you mention will be top end of where this plays out unfortunately. It's about positioning accordingly. Anything else is a Bobby bonus.
The diverse register (not book) quadswallop is like everything that comes from our least illustrious poster. Utter crap
Jezzo,
I think Bob is going through the current phase first... which is what is it going to take to make a crap bid look good and grind shareholders into the ground so they feel like they have to accept it.
Of course... it comes down to BHP and NMM as to what they want to do... if they don't want to counter offer the rubbish bid... then that's Bob's worst fear.
Any bid will do but it has to look like it's a credible one and a threat to BHP and co. Otherwise... shareholders will just vote it down. So bit of moth balling followed by weak share price usually conditions shareholders to the new reality.
Remember, BOB sold a large wedge of his SOLG holdings to BHP for 25p a share about 5 years ago.
I understand your diverse book argument but it's not insurmountable, everyone has their price.
Jezzoo no one is going to table a hostile bid because of solgolds diverse book.
So many on here ignore that fact.
If we get a bid it will be an agreed bid.
We have three major shareholders who have an average way higher than the current SP, the shares were paid for years ago, they are a potential tax loss and a very small part of the net worth of each of them.
Solg does nothing but burn money, the only way to survive is to sell something in part or whole.
If you had a money making business and had shares in company that you could buy but on the other hand you could make a big premium on the shares if someone else bought it,would you be the first to bid and set in motion a situation where you might have to pay more that you'd like or would sit there and hope something happens that results in you getting it for as little as possible ?
The asset isn't going anywhere and it isn't costing any one their livelyhood apart from SOLG.
What is it going to take to force a bid ?
All conferences are a waste of time. Mather loved attending them because it gave him the opportunity to grandstand and tell the world how brilliant he was.
"another useless conference"... makes you wonder why the rest of the mining industry are there then Addicknt?
Perhaps they have something of value to say. Perhaps they see it as an opportunity to 'promote' the business.
I think you've mixed your words up... should read... perhaps they didn't want to look like 'useless time waster' at the conference.
More important things to do lol! Like sort his next bonus share award out??
I'm not so sure bbg is still the biggest clown on here.
See and hear no evil adikt, has got to be giving him a run for his money
Manchild. That was from July last year.
Where are the agreements that matter, where's the protection for anyone stumping up 3 or 4 billion.
Go back to reading the gruffalo.
Alternatively, he may be busy doing something important and didn't want to waste time at another useless conference.