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And there's the 6's !!!
Special mention goes to NAL and Redknight
Hi Jezzoo
If only it was that simple...
I never expect to buy at the bottom...
Or sell at the top...
Except when theres a successful takeover...
But even then I sell for cash before the shares are suspended...
Take the long view...
It just seems so simple to me...
Get past the AGM...
Director buys
Streaming deal
PFS3
If they get that far before the bidding kicks off...
Should have waited RK, 6p before dark I think.
52 week low. 7.0p.
That's better...s/o bought 600k at 7.1p...
PI or closing short...?
Or an even better time to do another streaming deal...though probably after BHP and Newmont have voted....
The colonel's kamikaze strategy will probably get a bid at 15p. TINA than to support all of the board and all of the resolutions. I will even support NM although I find him fairly repulsive.
Steve. You'll be in my prayers mate!
Total respect for retaining your demeanour.
Addicknt,
Giving the SR a decent 6months+ is fine but by that time the market, you and I all knew what the likely scenario's were. So to then leave it in the background like an unanswered question just undermines the process and makes management look like they are clueless of options are limited. Conversely, had they announced the outcome of the SR and they stated they were opening the doors to discussions with possible buyers and partners etc etc 6 months ago... then we'd likely be in similar position whereby shareprice under pressure based on no offers made. Condor Gold did a similar thing a while back... launched an SR... decided full sale was right move and have been trying to conclude it or get an offer tabled ever since. It feels weak once you've laid your cards down and then not much happens. But same could be said of the SR as every cat and dog knows it doesn't take 12 months to do an SR.
Swings and roundabouts... but the weakness with Bob's plan of late is lack of catalysts. He should have had a few regionals being drilled alongside ENSA sale process. Minor cash burn but maximum interest and always a chance of hitting something large!
On a side note, it's worthy of a mention but politics does come into it and we know that Ecuador does not like hearing about 'their' rocks and soil being sold without their say so. If as an article suggested sometime ago, there has been a pledge made by some high up individuals to the chinese in exchange for xy and z... then you can understand why SOLG's hands might be tied. But there comes a time when action is required and even Ecuadorian gov must see that a monetisation event is best for all involved as it will get Alpala on path to production.
Best wishes for a successful recovery Steve.
Fort, I certainly agree with your first point. Given that everyone knows it's for sale, the normal argument of keeping the powder dry is irrelevant. In the corporate finance world most advisors and their clients like to keep things as close to their chest as possible i.e avoid any public mention of a sale. The exception has always been Rothschild's, who tend to leak news of a sale to the Sunday press. Their view is that it gets things moving, whereas their competitors just regard it as lazy and potentially damaging.
Totally agree re the CGP shares …… this is why I’ve always said the current share price may suit certain parties.
They could announce a conclusion to the SR and that is... Alpala is for sale and they are in extended talks with a number of parties.
What you reckon that would do for 'supporting the share price'??
Only trouble is... I think a few of them want some of those 157m CGP shares in their back pocket on the cheap before they go releasing any SR outcome news. But that's just my cynical view.
Will they deliver SR outcome before AGM to save their bacon?
DBW, don't under estimate the pi vote and the smaller fund holders as the article in AFR shows, lots of disgruntled investors about. But what I do agree with is that the register has certainly swung in favour of CGP gang post merger. BHP and Newmont dropped from combined 27% to 20.6% combined. CGP and Mather et al nearing the 33% mark.
On that basis, the pi's hold the swing vote. Of course other players like Chinese, Norges and Bank of Singapore (who's that then??) will make a difference.
The key difference between this year and last year is the swing on super majors holdings vs CGP/Mather et all. It used to be more like 27% super majors and about 15% CGP and Mather et al.
Ultimately, for a CEO or any director... the votes for need to be up near the 60% to 70% level. Anything less and they are usually toast. Scott can't continue as CEO if he loses his director role. Simply can't happen as it's against shareholders wishes. But he could go back to doing the day to day on the ground stuff which lets face it... is all he's doing now. He's not doing any CEO stuff... he's just a puppet in there for Bob and Maxit. I think we all know that now.
It seems to me this is the ideal time for a prospective bidder...
Not wait for a more viable PFS3...
I dont know what else the company can do to support the price if nobody is buying...
Afternoon all don't post much and in severe mental and physical pain the latter I can't do much about as I'm addict in recovery so can't take painkillers regarding mental pain the share price is pants but it is what it is my last and final top up was 7.8p I'm overweight so all done now and hope reds bravery pays off he deserves it but a few sleepless nights to come I guess I don't know about anyone else but think share price is been walked down through a major player to make eventual offer look very generous/not however i really believe 30p will be as good as it gets good luck all as we deserve it
fort the share price is in the worst shape it’s been in for years and that can be stated as fact …… as for the company we don’t really know and there in lies the problem.
i suspect there are very few shares in pi’s hands these days and as cov says our vote will make **** all difference
I can tell you've never sold a company! I'm afraid your post is completely wrong.
If the share price wasn’t bad enough lots of green boxes turn up but it’s alright the ego has landed some more shares!! What 💩show!
So...a total disconnect between Asset value and SP...
But again I say, look at the pattern of trading...
Massive percentage of trades is Autobots. Very little buying..or selling...
It's easy to conclude that there is a seller...but where is the volume...?
So assuming there is at least one prospective bidder, it's very easy to keep pushing the SP down...and of course PIs lose patience, fear losing the lot etc...
Understandable.
But for those who doubt my conviction, we bought 100k last week at c8p and...
210823 today at 7.07p...unbelievable...
Now holding c1.7 million, I.e. 0.06%...
GLA and Happy Christmas!
Lovely...
Folks had hoped that the meger would bring stability. Clearly that didn't happen. BHP don't like Scott and is causing trouble. This now confirms that Scott hadn't made any progress in developing a good relationship with BHP.
I think Lord Braggart has left the building after buying 100k at 8.18 on a T20 and bragged about how clever he was with that purchase.
Adikt, what. not adult eto. your right 1984. bloody auto