London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Earthling, please ramp SOLG on the ROCK BB, I'm invested in both. Just sharing a great ROCK RNS result and people calling me shamelss, so ridiculous... I've been put on to some great winners through other peoples tips, GGP and EUA to name a couple, so just giving back some love x
Thank you rcgl2, I have reread and you are correct. So no new permits or environmental licenses required if Solgold sold as a whole. But if Alpala or any other tenement is sold separately then they need to reapply for licenses. Which I take it means, Alapla will not be sold separately. This is a good example of what I have said this morning. As my statement has been corrected, and we are all the wiser for it.
Assuming Barrick get involved (and I believe they will), then I think NCM and BHP are either going to be a consortium (in cahoots along with CGP) or they are going to be split by Barrick with the former likely to side with NCM due to block cave experience and present in country knowledge. Hence it makes much more sense for BHP to discuss an attractive deal with NM behind closed doors and get his buy in first before launching a bid so NCM know how it's going to go.
I think investors on here assume it's going to come from BHP/NCM due to their current combined 26.8% interest. But genuinely believe Barrick are the outsiders that might make a knock out bid which see's NCM and CGP get behind them leaving BHP as a minority holder or forced into folding their cards.
If Barrick nicked this from under BHP's nose, then I genuinely think BHP heads will roll from the M&A dept as it will be an opportunity if a lifetime for a super major and they really shouldn't let those slip by. Barrick would find it hard to discuss with NM direct without triggering legals regs etc TSX blah blah blah. Whereas, BHP can talk to NM all day long as they are a majority shareholder. They even have a right to have a man or women on the board. But for some reason passed up on that benefit and NCM as we know, removed their man which no doubt frees them up from an insider reg point of view.
In a share/quota transfer the company continues with its business, contracts, and permits, meaning that the business is not affected. However, in the case of asset transfers, new permits may be required (for example, environmental and operating permits) and this may mean that the business is affected.
Asset transfer = ENSA transfers its assets (licences, staff, equipment, IP etc etc) to a new owner. New permits may be required.
Share transfer = the shares of ENSA are acquired by a new owner. ENSA continues with its business, contracts, and permits, meaning that the business is not affected.
I wasn't admonishing anyone, simply stating a fact. That was my only intention. My research is purely cut and paste stuff cos I lack the practical appreciation and understanding of mining etc etc...share and share alike I say
Hi Grimbergen, I take your point. Hopefully I have made the point, that I believe the evidence and facts, say that the most likely outcome, will be that we go to production. I have only made the case for this, as the evidence and facts suggest this. Of course addicknt has made a case for us getting brought out. I think many hurdles need to be jumped in that scenario, but addicknt may be right and we get sold. I have always understood that. What I argue against is the camp that believe we will be sold cheap, as I really cannot imagine any scenario, where one company bids at say 80 pence a share, and every company that holds a significant amount of Solgold shares, says yes let's give our shares up, with this extremely cheap offer, as we don't understand how much our stake is worth. In my opinion that would be insane. So the question remains: Will anyone bid enough, that these holders would sell. I don't believe they would. Addicknt and others, believe they will.
On the contary Miagi, I believe I have made mistakes, but I am the only poster that has owned up and said sorry when I have. I am interested in being accurate, so I am pleased when the argument is advanced on both sides, as delusional ideas, lead to poor investments.
Yes, Sclem did post that article a couple of weeks ago. Addicknt's 10:03 has the right of it - for an industry "expert" I would hope for a little more insight and meat on the bone that what we have already mustered on this BB.
I'm not expecting BHP to launch a bid on or just after October 15th. I'm not sure the lock in release date can be viewed that simply. I think the every day that falls after October 15th becomes a potential BHP takeover announcement day and that's why you'll see no sell off post the 15th, and in fact you'll actually see a rising share price.
Majority of hedge funds, HWNI's, investors are ready to pile in after October 15th as the risk of takeover becomes much higher than before Oxtober 15th.
It's that simple.
Everything after October 15th is 'possible'. It's all there to be grabbed.
HaHa Miagi, that's not such a huge responsibility, as sure many posters on here, have listened carefully to addicknt's analysis of the situation. I actually don't think that addicknt's and my summing up of the situation differs much, we just see different outcomes. I am sure addicknt will correct me, if I am far off the mark.