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Redknight - what has changed that you are now supportive of IPO'ing the subsidiaries?
When we had a similar conversation last year about a spin out of the regionals you were vehemently against this method given the tax consequences it may have for PIs.
I agree with Add. Even if you IPOd the original SolGold 6 it would be quite significant dilutive.
We'd be best packaging Cascabel and Blanca up given this week's news about porphry prospectivity and then spin the rest out into one regional business with Bramaderos et al, IMO.
Brisvegas, indeed, it's a wonderful country and, like many Brits, I have quite a few relatives living there.
It’s a bit like saying you could sell the four alloy wheels off your car and then expect your car to still be worth the same
And to think he worked at board level in a bank we’re meant to believe?!
We like hostile. It usually fails but pushes up shareholders returns.
Hi Add. Please don’t judge Australia on this moron. Not worth a breath.
There is no way in hell Mather is going to sell anything to BHP.
He cannot stand them.
Thankfully we do not need BHP and if they want it, they will need to go hostile.
NAL, that was 2016. I know Australia is a long way behind the rest of the world, but just for guidance, it's now 2024. You'll get there one day, although I'm not holding my breath.
RK, obviously, and that's why it would be dilutive.
When you do an IPO you raise cash...thats the whole point...
Redknight1 - actually Solgold has far more than the SIX subsidiaries you mention. 25+.
Including a fair few inherited from Cornerstone. (See Note 9 in Annual Report for full details).
I'm sure the Strategic Review will look to rationalise these.
Eloro he’s so paranoid about what people are saying that he looks elsewhere on a system with no filters to check
He’s a a prize pillock
Adikt. Doea that mean you agree that somebody has shown what they think solg is worth.
Because no matter how much you diffuse.
Bhp clearly bid 35p a share.
So clearly thats what they valued us at.
So when you say, nobody has shown there hand. Once again your showing your ability to change facts to suit your narrative
it's rich for lord braggart to **** off posters here when he is by far the most odious! filtered everyone, at least so he claimed, yet he can still read every post here. perhaps his filter is broken. let's not forget his boasting and sense of self importance like he set up this bb and therefore decides who can post and on what topic. get over yourself you pompous old fa-art!!
Im astonished, some of the sensible posters respond to the village idiots, can't we all just ignore them.
I'm not sure the six subsidiaries would be suitable, but that's a moot point. How would they trade without any cash? And to get that cash they'd need to raise equity (I cant see how any of the funding structures would be available to them).
As for providing a monetization opportunity, the rush for the exit would destroy the share price.
In my opinion, the only part of the business which could be IPO'd is ENSA.
An IPO would produce 'non-dilutive funding' as well as monetisation...
Looking at the corporate structure of SOLG, which includes SIX subsidiaries, any of which could be independently IPOed to 'monetise value' without incurring a taxable event...
The obvious one would be Green Rock Resources (Porvenir)
But after the Blanca Nieves results Carnegie Ridge is a real possibility as both Chical and Rio Amarillo are copper gold prospects.
Cascabel is 100% owned in ENSA which is 100% owned
Porvenir, Chillane, Cisne Loja, Timbara are part of 100% subsidiary Green Rock Resources
Blanca Nieves, Chical, Rio Amarillo are part of 100% subsidiary Carnegie Ridge
Salinas is part of 100% subsidiary Valle Rico
Cisne Victoria, Coangos, Helipuerto are part of 100% subsidiary Cruz del Sol
Bella Maria, Cana Brava, Espejo, Playa Rica, Rio Magadalena and Vetas Grandes are part of 100% subsidiary Cornerstone
Cornerstone also owns 12.5% of Bramaderos together with Sunstone Metals (87.5%). This has a 10 million ounces of gold target...
hxxps://smallcaps.com.au/sunstone-metals-sees-potential-10moz-bramaderos-project-ecuador/
Get stuffed redknight
If you have people filtered then you can’t possibly claim any of the things in your post
The board is not yours, you don’t dictate anything. If you don’t like it, don’t contribute. It’s all worthless what you ramble on about anyway
Collapse this fake and GAE bubble economy. Clutches pearls to chest and faints at the thought.
Sooner the better.
'84, but the debt that has to be rolled over is Yellen's purview, and Powell is at war with her. She has been recklessly issuing short term debt to finance the Democrat runaway spending. Last month, the Fed floated the idea of an inverse Operation Twist, replacing short term debt with long term, to help normalise the currently-inverted and perverted yield curve.
The Fed are the ( relatively ) good guys, trying to undo some of the perverse nature of the current bond market, and get the US back onto a firmer and more traditional government finance system, off the monetary zero interest heroin it now relies on. And good on 'em.
I note the lad who was asking about valuation has either been banned or left this site. He only popped up a couple of days ago. I hope he wasn't put off by the fact his value expectations were not necessarily shared by everyone.
Well said buster...
From time to time I plead for a better Board and things quieten dow for a day or two...
But the problem is that some of the sensible posters on here and those who know better have failed to Filter the troublemakers and...worse still, cannot resist responding to them...
I repeat...this is the worst BB I visit anywhere...
Garbage posts
Arguments
Name calling and abuse, sometimes even reportable comments
Utterly irrelevant topics, including political
One would assume that almost everybody on here is an adult, but I often wonder what would happen if:
They said some of the things to a persons face in a pub or
How disgusted or let down their wife/partner would feel if they saw what was going on.
Sadly a lot is symptomatic of Society at large...faceless, anonymous trolls posting with no fear of comeback...
Thanks again.
Theres a story here and its a hugely positive one, but some people have no patience anyomre and seem to feel the need to fill the vacuum with false, baseless , uninformed or unsubstantiated rubbish...
OK so 53% of the posts I see are green stripes and I have no doubt there are people hiding behind those who regularly insult my well meaning posts...
But it takes me far less time to catch up; I can focuse mainly on useful information or thoughtful opinion and I don't have to read or respond to abuse.
But the fed has to renew $12tn of maturing debt this year. Powell isn’t good to do that at 5%
Our economy is built on debt and in particular housing debt. “Squeezing it out” would instantly collapse our economy and with it our government
Rates heading sharply back towards zero later this year
I watched a lovely video on the SOLG site showing some overweight Ecuadorian ladies having a 5-a-side footie match.
God bless SOLG.
Rate cuts are the opposite of what's needed. Squeeze out all the malinvestment since 2008.
Powell knows this, and will argue that current data shows a relatively healthy US economy.
Powell is squeezing the EuroDollar system to increase US sovereignty over the dollar and increase investment inflows to the US by offering the best interest returns on 100% safe US government debt.
Notice how the LIBOR rate has been replaced by SOFOR. All part of the Fed's plan to reign in runaway offshore Dollar creation by Europe, and to break the EU monetary system, in favour of supporting the Dollar and US spending plans.
Either way, the £ is fuuuuucked.
Don,t you lot get bored with all this negative comments , try putitmg positives posts instead of rubbish , insults its not helping anyone is it ?
This in meant to be a information board not a little childs playground of pointless points scoring . I want to read what s going on with solg not a load of squabble or who has what ?