Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Agreed you never get the best price if you put a for sale sign in the window
Dbw, that's a truly horrible thought.
Anyway, enough of my pathetic schoolboy humour...
Q , I don't think we could have expected him to say a sale is the preferred route, he needs to maintain some form of pretence.
Add …. I think we’re closer than we think lol
OK many thanks to BPHIL.
I have now listened to it and also repeated some bits.
First : Thank you to the person who asked about the Diverse book ( it wasn't me ) .
Scott said it was a good question and gave the answer that I have been saying for years but ultimately it was a question for BHP.
SharketMare and Addicknt you were correct a number of CA's and NDA's have been signed.
He also says we are a explorer not a producer but in the next question refuses to say if a sale is the preferred option.
Also Scott says they are looking at a more cost effective way to recover the Gold content and if someone came along with a lump of money to build Cascabel we would look at it.
He also says later on that he is looking at a cheaper way to mine Cascabel in order to slowly expand it at a later date.
Lastly something I glossed over, but after listening again .
We have interest in some of our other tenements. So people are looking at these at the moment.
Many on here have no idea what a diverse book is, but Scott knows, it's a big part of how the Solgold story will play out.
Once again thanks to BPHIL.
No one gets to look at my anus, no matter how big the telescope.
Addinct…. I’ve always suspected that the strategic review was a smokescreen but will obviously hold my hands up if proven wrong.
Some have pointed out that this is clearly going to production and the diverse book will render any bid pointless. I’m sure they will also be willing to hold their hands up if and when their argument no longer holds water …… unless ( as I suspect) they’re too busy staring at Uranus
Thank you BPHIL.
Just going to grab a cold can of draught Guinness and will watch it again.
Cheers.
Interesting. You say your assumptions are based upon observables but then go on to make numerous assumptions where no such observables exist.
BTW, I agree with your point about the importance of a plan and am disappointed one hasn't yet emerged from the sr, although RK and others argue we'll never need one.
Those first two points are indeed assumptions, and like a good scientist my assumptions match the observables, rather than being based on fiction. If the picture changes, my opinion will change: I'm not prone to fixed thinking. As ever, we'll wait to see that I'm right. Not been wrong here yet 👍
As for the third point, I think we do need to rebuild credibility. No one will swoop if it is obvious we don't have a proper plan: they will just wait until the new government revoke our licences and hand them to someone for free, in exchange for them building the mines and infrastructure. And before anyone claims no government will do that, I don't think anyone here can claim to be able to predict Ecuadorian politics. Will it ruin their investment chances in future? Absolutely not- companies will still gamble if the terms are right. So if we do restore our credibility, the best we can hope for is to remain as salable as we have been previously: hence no increase.
Wow, sm. So aggressive!
Excellent - thanks very much
Z
Try this one Quady
https://presentations.investormeetcompany.com/investor-meet-company/SOLGOLD-PLC-Investor-Presentation-cdd8cb3da0aca4d8b9ac20bd?bmid=ef3ec812cbca
I have seen it live, just wondering if I am misremembering.
The presentation slides are on the website, but I want the whole presentation including questions and answers.
Quades - the CEO did say that the presentation would be available on their website on the day,,,,but as usual they've forgotten!
Don't think you missed much though!
Z
Does anyone have a link to the video presentation last week, as I would like to listen to it again.
As the Solgold website only has the slides or I am looking for it in the wrong place.
I guess I would just say for balance that signing an NDA doesn't immediately mean you can't trade the shares, it depends if you are actually in possession of inside information.
Under UK MAR inside information has to be of a precise nature, not be public, and if it were made public be likely to have a significant affect on the price of the shares in the market. So several of these points are open to interpretation...
Solg's latest iteration of its plans to bring in power from an as yet unconstructed hydro electric plant, subject to government permits. Would be confidential and proprietary, but is it precise? Would it have a significant effect on the share price if released? Probably not. Even some drill results often don't move the price much.
HR records for all the local staff, including salary bands, pension arrangements and notice periods? Confidential and precise, but would it in itself have a significant effect on the share price? I doubt it.
So it depends what parties have seen in the data room as to whether they are prevented from trading or not, and that decision will be up to them to determine.
What could be inside information is the fact that a specific party has access to the data room and is looking at specific details to do with the mine plans or company structure, because if made public it would definitely move the share price. So I guess we'll never get precise details of which parties have seen what.
Which WAS the case for Jiangxi.....
sorry for the typo
Snowman, companies and people operate under NDA when they need to discuss information that is not publicly available, which was not the case for Jiangxi. If you look back at the press release dated 23rd November, it is stated that Jiangxi have agreed to buy their many shares "subject to the completion of due diligence". The material they evaluated may or may not be the same that you and I have access to, however it's great that they were satisfied and proceeded with the investment.
Now, if the conversation is about selling SOLG or spinning off parts of it, there are other more strategic considerations like private conversations with the Ecuadorian government, the deeper know-how and the current R&D about the resource and how to extract it, other NDA-covered conversations with other interested parties, possible partnerships, all things that would not make it to us via an RNS but are very material for someone who will invest many millions, THEN we are in the domain of the "live Data room" I asked Scott about and he was kind enough to answer in a rarely straight manner.
So, long story short, you can bet that at any given time there have been people talking to SOLG under NDA as all companies do, BUT the live data room is a different animal and if there are multiple parties active in it, then it's a good sign, and IMHO it also tells us that there is some critical content that needs to be sorted, most likely referring to the topics mentioned in slide 5 of the June presentation.
My best guess is that the topics listed in the "Advancing and derisking Cascabel" are the hot potatoes that any incoming buyer wants to see sorted out before putting a bid in.
" I stand by what I've said before, that there will be a bid eventually. But we don't currently have a buyer, so it won't be any time soon.
Sadly, I don't think the company is going to get much more saleable, you're right about that."
Assumptions:
1. That there will be a bid eventually
2. That the company won't be sold anytime soon
3. That the company isn't going to get much more saleable (which is in fact a contradiction to a previous post whereby you stated that SOLG needed to rebuild credibility and actively pursue the exploitation license in order to receive a bid)
In short, you're full of sh*t.
Snowman, you are right to be confused - the comment stuck out like a sore thumb.
I just don't like assumptions. Let's ask questions rather than make guesses, yeah? Unless you can tell me how many parties are in the data room, you're making an assumption until we know more.
Woody/snowman I had the same thought. Find it hard to believe that Jiangxi would be allowed to access MNPI via the signing of an NDA and then buy shares on the open market.
ArAgCu what I find baffling about the below exchange is you seem so desperate for it to be the case that companies have signed NDAs and not accessed the information in the data room. Do you honestly think majors would go through the trouble of engaging their legal teams to read and sign an agreement only to then not bother reviewing one of the biggest copper gold finds of the last few decades? What an absurd thought.
😂 thanks add
As an army engineer who now works in construction and is only just in your 40s, I'll bow to your superior business experience. I'm guessing you've never actually seen an nda relating to a corporate finance transaction, let alone become party to one. But no matter, I'm sure you know best.
Good point Snowman, I wonder it is possible they agreed to buy the shares immediately before signing the NDA?