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It's ok to laugh now and then Eloro , all that worry and angst , you' a long time dead.
I bring nothing here , I have always said that , I have never pretended to claim anything different.
What's the point of me joining the endless chatter going around in circles?
Anyway , sorry I ruffled your feathers , chin up eh.
Interesting point on Newmont... I guess we'll see soon whether they have been bluffing with their apparent priotises and nonchalance re SOLG. If they vote against the SOLG BoD's then I'd find that an encourageing sign as at least they are showing the same frustrated issues as BHP...
If they abstain... Scott and co should be fine.
There's a nice simple Wikipedia entry about historical gdp comparison, so it isn't difficult to see that slug is as misguided and blinkered as ever. Compare our position in the 80s/early 90s to late 90s/early 00s. Comparing international economies isn't as simple as he is, obviously, but he chose the metric for comparison...
He never lets the facts get in the way of a gb news talking points. Next he'll be telling us man-made climate change is a myth! Oh no, wait... That's a weekly drone from him.
What % votes are in the same corner?
Nik, Cornerstone, Tenstar , Bell Potter, DGR, Maxitt, slow 'n stupid Bob, Jiangxi ( still no idea how you spell it ), sleepy Scott Caldwell... who else is likely to vote for and who else from the major players is likely to vote against?
Also, if we're 'way down' Newmonts list of priorities, aren't they likely to keep the status quo in order to have a chance of getting a small & fairly insignificant to them bit of cash back in if these muppets can ever monitse our assets? C
She was. The proof was in the pudding, the U.K. was under her stewardship the third largest GDP in the world.
None of the socialist idiots since could ever dream of achieving that
You think they're "brazenly wandering into the AGM..."
Deary me Fort, open your eyes. They're doing anything but.
At least you've nailed your colours to the mast. There will be no claiming you told us what is about to happen, when it has happened. We've got the receipts and there will be no bluffing.
1984 - it's no different to those that believed Maggie was a good prime minister. We can all believe what we like but it doesn't make it right.
Well, don't get excited Bozi, as Maxit clearly don't have the moves like Jagger otherwise they would have delivered something ahead of the AGM for shareholders to vote on. Instead they seem to have brazenly wandered into the AGM after spending $70m and delivering zero combioned with a share price that represents roughly $500m down the tube since they announced the merger. Combine that with the $70m burned and you have a whopping $570m equity erosion due to Scott and Maxit's inability to give shareholders anything whatsoever to get excited about.
$570m wiped under these tools. That's like 10 Osisko's or 10 Franco's.
And you think these guys moves and counter moves??
They look like they are running around ina 3 legged sack race.
But there are literally only 1 or 2 people on the planet who believe solgold can build it themselves
None of the suitors do and they’re all waiting for the lowest point to start the bidding. If more than one suitor wants it we will be fine
So, if no workable proposal emerges following the phased PFS, what else do we do? Don't forget there's still this dynamic where many investors are expecting proposals based on the asset value.
I'm not suggesting it's the way forward at all, but you've got to have moves and counter-moves. For me, that involves being prepared for any eventuality, if that means we have to push on ourselves, so be it.
I'm sure many would take their leave and that's their prerogative.
It would take us a decade to buy the first spade
Absolutely no chance a junior explorer with no cash and no mine building skills can take on a project this complex. You’d have to be a moron to think otherwise
It will be monetised
We are producing a new PFS to increase our attractiveness to a larger group of buyers i.e the smaller and medium size miners who cannot fund and manage a truly large scale, multi-billiondollar development.
If this group of revenue producing miners with a track record cannot cope with such a project, how can we?
Our staff may be just about capable of cleaning out a pond or managing a small bakery, but financing and building a multi billion dollar block cave mine?
Do me a favour!
It isn't potato putaato at all. The facts are important unless you're intentionally obfuscating to fuel your agenda.
We don't need a good relationship with anyone. It's clear some investors wanted us to slide right up to any majors that wanted to listen from day 1 and we all know what that would have preceeded.
All that matters is we get the permits and IPA squared off and we show the market this is capable of being developed in phases. We're off to the races at that point.
Scott hasn't failed because he hasn't repaired relationships. The only way to repair the relationship with BHP would have been to make your first action as CEO a bit dirty cheap placing that BHP would have been asked to cornerstone, subject to a disapplication of pre-emption rights. That was never going to get past Bob, Warren and Nick, was it?
It's quite straightforward when you look at the corporate side of it. We create the triple threat I mentioned earlier and if they all back out then we go it alone-Quady style.
So voting aside, what do they actually do on a day to day basis that helps our cause? All I’ve seen so far is them whinging we can’t be diluted more to their benefit
1984, I am pretty sure if we had a good, amicable relationship with BHP, we would not have an rns like the recent one.
Anyway, my post is in response to those believe that our relationship with BHP is irrelevant. It's only irrelevant if we get a bid from someone else.
For me, the fact that we still have a bad relationship with them demonstrate Scott's failure as a ceo. He has failed to build bridges with a key stakeholder. That matters. I know that in the company where I work, a manager's is assessed on his/her ability to work cooperatively with key stakeholders to get the job done as a KPI.
Don't worry folks, more powerful shareholders will demonstrate their take of our current situation and will show who they hold accountable. I know that accountability is no longer a virtue in today's society.
What purpose does a “good relationship” with bhp serve anyway? It’s clear they want to have our pants down
I would just do another royalty raise, if they don’t like it they can buy the company and run it how they like
Hi Bozi, I read your post. It's potato, putaato re bringing BHP on board Vs them buying in. They are here, and folks initially expected that they would be the most likely buyer given their super major status. Now its clear that they are at logger head with us. So, let me clarify, they are important to us as a potential buyer, just as Jiangxi are to us as a potential buyer. It would be interested to see the reaction here if we read next week that our relationship with Jiangxi is just as bad as that which we currently have with BHP.
The Ferengi Rules of Acquisition 208 states:
"Sometimes the only thing more dangerous than a question is an answer."
Fidelity have been in for a while.
Interesting to see a new name on the register ( or one I hadn’t noticed before) Fidelity investments now hold 1.39% and guess where they’re based ?
https://www.marketscreener.com/quote/stock/SOLGOLD-PLC-4005870/company/
https://www.fidelity.ca/en/
*next
It’s the weekend and schools out so it must be time for the bitter tasting great green box galah to spit out some 💩
We’ll need week will be interesting, not sure it will be pretty though. Just hope the logjam breaks soon. Had enough of watching this get trashed by Solgold and some on here.
Good luck genuine holders hope your day comes and by the end of the 1st quarter. Trouble is we’ve been here before!!
Eloro - did you read my post from earlier on? Nick didn't bring them on board. They were in board through an off market purchase of existing stock and then Nick decided to pursue that relationship.
Everyone thought that was a good decision at the time and I stand by that. It was more dangerous to have one major on the register with free reign.
You only have to look at Filo Mining. BHP have done the same there. It's not that they aren't important. Ultimately, they're a potential buyer of our project/company but that's about it.
It's clear from reading between the lines. If BHP were as important as you're trying to make them sound then our investments would have been doomed. Why? Because BHP would own about 25% of the company and most of that stake would have been acquired at cheap equity prices. That much is clear from the commentary in recent years about BHP favouring new share issues over a royalty and also Twigger's subsequent comments.
One of the things that SOLG has going for it is that next year, we could conceivably see BHP, Newmont and Jiangxi all in the region of 10-12% holdings. That puts three super heavyweights around a table with the company and good luck to us all.
My money is on PFS3 before end of January...
Unless there is a bid(s)
But even then it would almost certainly be used as part of the bid defence
You're right Bozi.
https://www.miningweekly.com/article/solgold-rejects-bhp-bid-2016-10-10
https://news.metal.com/newscontent/100905605/bhp-billiton-buys-6-per-cent-stake-in-ecuadors-solgold-copper-mine-for-35-million