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The Shanta 52w low is just a smidgen under 9p though Roxi, so it's the equivalent of SOLG getting a bid of 12p whilst the SP is 10p.
Hardly a case of being in rampant bull mode and being taken out at ATH. Besides, it should always be about valuation rather than SP and I'm not convinced the valuation is a fair one for SHG shareholders.
Interest rates have peaked, commodities may be starting a super cycle and investors are looking for compelling opportunities to see a significant return in a relatively short timeframe.
Shanta got a takeover offer today and SOLG may be the next in line. This may be the last chance to accumulate at this ridiculously low share price..
Shanta offer was at year high price, 13.5 which is the minimum offer they had to be acceptable.
SOLG is 22p a 3 bagger from here, bt unlikely to be accepted , imo.
Cheers Bozi.
It will be interesting to see the outcome of the agm!
Bozi I'm definitely no expert but having a quick look at the Shanta share price over the last 6-12 months and longer it is actually up quite a lot. So it is completely different to Solgolg in that aspect.
Would make a lot of sense to go forward with both Then we would have a finger in the pie
Eloro - it's not just PIs that get wiped out, it's anyone. That's because there is usually significant dilution with the reverse split. Otherwise, with a reverse split and no dilution, the valuation stays the same, it's the share count and share price that changes.
I can't see it happening here. Some shareholders are known to rue the lack of liquidity in SOLGs stock and a reverse split only reduces that further. The only time i think one would be considered would be if SOLG raised a large amount of equity to build Alpala.
In other news Shanta takeover proposal today. Look at the shocking premium. I look forward to everyone supply reasons why that one isn't comparable with Noront but SOLG is.
Both having a good day on the Markets, the day has started well
Novice and his wishful thinking.
I have seen where companies listed on Nasdaq have carried out a 35 for 1 reverse split in order to get their share price back over the $1 limit to avoid delisting. Pretty much in all cases where such reverse splits are carried out, PIs gets wiped out because the share price continues to decline afterwards.
Could a reverse split happen here to get the SP back to 30p for example?
Re rating would be good but more likely sub 7p.
No rerating , it won't happen
Last year the AGM Results RNS was issued the day after the AGM.
Anyone for a huge rerating RNS tmrw morning ?
You misunderstand the process of a bid for control of the company
It wouldn’t be up to individual investors to de-icer if they’ll take the bid or not
BBG, certainly agree on BHP in terms of creating an apparent impasse and even a hint of disninterest fuelled also by the Oz minerals acquisition.
It could work for them. Imagine they pitched an offer for SOLG at say 40p a share and management than batted it back and said not good enough... no counter bids follow and BHP simply say 40p is it and final offer.
There's a few out there that might think... hey hang on a moment... BHP want it but equally no other bids have come forward so we run risk of turning down only offer we can get.
Mmm... puts the cats amongst the pigeons doesn't it.
BHP's apparent back set and disinterest could well lead a few larger shareholders to capitulate. Plenty around these days that would take less than 30p a share after recent 7p tops ups.
Only way to see if BHP are interested and not playing games is to get an offer tabled by someone that would not normally buddy up with BHP further down the line. It can only be the chinese imho.
There’s an echo in here
Sharket, why would Newmont make comments that would excite the market and or bring unwanted activity to an asset they wished to be involved in or acquire?
Best to play things down as they have done, the same way BHP have over the last 7 years.
Could just be playing his cards close to his chest
Given the Newmont CEO's recent comments on Solgold, I think the chances of this happening are next to none.
Hopefully sector may start to improve as takeovers become more common , Condor Gold looks like it could be the first target followed by Castillo Copper (CCZ). As for Solgold waited since buying when Tony Blair was PM seems an awful long time now. Best of luck everyone.
Would not be surprised
Bob recently said he’d prefer never placing that block , but getting a monetisation event done instead ……fine by me.
Put the holding shares up for sale to the highest Bidder, imo
That will get the ball rolling again,
Roxi …. Yep we are clearly for sale but there is a massive disconnect between our current share price and what kind of offer would fly ….. like 1984 my money is on the Chinese so is Willem’s, Warren’s & plenty of others ….. roll on 2024