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love it Dave , that's usually bubbles' report. Makes not the slightest difference usually.
Whatever is being negotiated in the background (sale, JV, spinoffs, financing package for own development, else), two things are material here: 1) there are too many vested interests and recent corporate developments to assume that nothing is going to happen, and 2) if on the other side it was a clear investment case worth a high valuation there would have been a buyer already.
So, I just think it's fair to expect that once we have gone through the complex motions of the merger and the strategic review, a path to a medium valuation will be set. We will eventually be in the money, it won't be a crazy price and it won't be quick, but we are not going to be bankrupt or anything of that sort. For those who can top up at these levels it's likely a good choice imho.
End of. GLA.
Nice price recovery on the TSX this evening...
I would say you are the most sensible straight talking person on this board Bozi.
Well if they were ever trying to make solg.v more voluminous, then they just failed worryingly from day one.
The current price is a bit discouraging. But the royalty raises were effectively based on roughly what it's worth, rather than what it costs. To sell a $150 billion insitu resource for only 1% of the insitu value, would be outrageous and unprecedented...and a massive win for all the accumulated sad-sacks around here.
The ARB trading certainly has been an eye opener. Not much TSX volume but the price has been held in the 15's for some days now while LSE is walked down.
A curious one. Out of interest.... do CGP holders get LSE shares 15 for 1) post merger completion or can they elect to take those same shares but on the TSX platform??
One has to question the cost and relevance of the SOLG TSX listing these days. I suspect the CGP boys will want the more liquid London listing as volumes much much better than TSX.
OK Monte. Say 40p. How many shares were there in issue 5 years ago? 1.6bn (ish)?
So that's £640m. Still lower than the valuation at times in the last couple of years.
But it's all moot anyway.
You never answered my point about SolGold's peers by the way. None of them have announced strategic reviews. Are they all suffering management destruction as well?
Look at Solaris in particular. They spun out Warintza in the hope they'd make it cleaner for a sale. No bids as of yet.
You also aren't taking account of M&A cycles. Companies buying each other in this sector is very cyclical and driven by a number of factors including metals prices. 2017-2020 wasn't exactly rich in transactions.
I get you're cheesed off. We all are. I just don't think it's as straightforward to say "could have sold this for a mint 5yrs ago...".
They say the most important thing with shares is protecting your investment well for me thats far too late so just got to sit and hold tight, the worry is tho is it a sinking ship and who else is in the boat?? will it come good again just need some words of comfort tbh
Bozi
That was 7 years ago. How much would we have got 5 years ago if we seriously looked for a buyer with cornerstone on side.
All the juicy holes at Alpala had already been dug.
Maybe about 40p?
And how many would grab 40p now, 5 years later?
5 years of value or value destruction from bad managemen?
Red,next week
Sorry DM...I didn't see that...I was out all day, however...
For me the most significant thing is that I was only working off the CGP website and the information I gave was in keeping with that...there was no September filing or MD&A mentioned...
Now...what I think is much more significant is that since this morning virtually all the filings and financials haev been removed and I take that as a good sign because why would they do that unless things are very cloes to completion and the website has been wound down...?
Maybe somebody read my post and thought whoops!
Who knows but its very puzzling, but...if the website removals are suggesting the merger is virtually complete that would also fit with my suggestion that the $250,000 advanced today is the last monies needed for the same reason...
Not to get through the next 13 days, but to pay off all the regulatory/audit/filing/etc fees before the merger completes...
Also the CGP share price is falling steadily...faster than the SOLG price...$3.35 is the equivalent of 13.84p but the SOLG TSX price of 25c is equivalent to 15.50...
That suggests the MMs don't want CGP stock so switches are being priced low on CGP sells at 13.84 and high on SOLG buys at 15.5p
Lets hope this is the final CGP gasps before it ceases to exist...
This week...?
If we keep dropping they may try again with the same bid...
Ship - IMO
No
No
Yes
No
Depends which side of the fence you sit on.
No
Yes and no
Yes yes a million yeses
The lassonde curve won't have any relevance for us I suspect. We're stalled at the bottom and we don't have the means to travel to where the curve starts to pick up. For Franco and Osisko though, absolutely yes.
MJ - 10 October 2016.
https://www.lse.co.uk/rns/SOLG/investment-proposal-from-bhp-billiton-7trthnkb0t8qfl9.html
Valued SOLG at a measley $300m
SolGold's valuation on the market at it's peak was 4x that valuation, yet we're meant to accept Monte's claim that SolGold directors have sold us down the river by developing the asset into a $5.2bn NPV beast.
Hi guys, I don’t post often but always read what you guys post, very humorous at times I must admit. Anyways solgold itself not humorous at all, all this tier one resource, one of the worlds best. If this is so good fellas WTF is going on! Under 14p,,,,rubbish
As we all know, It's easy to be clever in retrospect.
So here I go.
Maybe getting the Chinese to invest wasn't the best idea ever. They have deep pockets but are not going to be taken for mugs.
Maybe buying half the mining rights in Ecuador wasn't such a good idea.
Maybe putting a BHP stooge in the driving seat was a little hasty.
Maybe putting a Newcrest employee in the driving seat was a little hasty.
Maybe handing control of the company to our minor joint venture partner is a bit hasty.
Maybe making major decisions like starting/resuming drilling in Australia is a little hasty before forming or publishing a strategy.
Maybe, just maybe, allowing BHP and NCM to depose NM as CEO (loads of initials) was a little dumb especially as the majority wanted him to remain and we know how important even the smallest majority is in the UK (?)
SOLG have/had a fantastic prospect in Cascabel and the rug is rapidly being pulled from under the shareholders feet in plain view much the same as happened with Brexit. ( I did predict the brexit fiasco)
Even though there has been a pandemic there is no reasonable excuse the the sp being where it is. NMwill point you in the direction of the Lassonde curve ( https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/ )
Lets hope to a non existent god he's correct!
You will get your money back jezzoo and some.
GL
if it keeps dropping Reds gonna bid for it himself
I'm going to double up at 7P to give me an average of around 15P
I'm going to top up mid 12's next if it allows and keeping powder dry for sub 11.
I'm happy to walk away with 17p a share not being greedy.
What was the bhp proposal?
Next top up mid 12's
Yes agree - that's my point when I started the post. Norges and Chinese could pick up more stock in open market albeit smaller chunks but at present there's lack of heavy weight buying hence the drift.
Come on Fort. They could easily work 500k per day into the market and at around current prices over a month and pick up 10m.
Yes the SP would be supported initially and then rise but I'd be happy to say 20p would only be seen after 4 weeks of discrete buying.
The last time they were quite chompy and aggressive with large after hours in the millions. They can box a bit smarter than that,or their broker can.