Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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Here is a selection of banker/broker outlook reviews to keep you occupied while waiting for the takwover battle...
Goldman Sachs https://lnkd.in/eKzF_2K4
J.P. Morgan https://lnkd.in/eHb6-622
Morgan Stanley https://lnkd.in/e2nAMjmM
Bank of America https://lnkd.in/e8XFD8TW
BlackRock https://lnkd.in/eYxCBRGj
HSBC https://lnkd.in/eNfBiJvH
Barclays https://lnkd.in/eRT4dsFY.
NatWest https://lnkd.in/euftbUw6
Citi https://lnkd.in/eXwA-Y4X
UBS https://lnkd.in/exudCU6V
Credit Suisse https://lnkd.in/e4CEK5NZ
BNP Paribas https://lnkd.in/ec4hWEdm
Deutsche Bank https://lnkd.in/eAWCSV_7
ING https://lnkd.in/eNpdmVH8
Apollo Global Management, Inc. https://lnkd.in/ewwq_62M
Wells Fargo https://lnkd.in/euMkQnKE
BNY Mellon https://lnkd.in/ezMfVgND
Fidelity International https://lnkd.in/eJwK6tVx
Lazard https://lnkd.in/eku-xhqp
I said a while ago that I thought BHP had decided to move on OZ Minerals rather than SOLG. I genuinely think it was them or us and they tried a cheeky one with OZ minerals and succeeded. CGP and NM soon jumped into action when that Oz Minerals deal was announced almost as if they knew they had get ball rolling on an alternative. That all said, I don't think BHP will simply rollover for a Chinese cheap offer. I think they have a price in mind and if Chinese offer more then they will move aside but guess much depends on whether it's lock stock and barrel or whether BHP still retain interest (along with all of us) in the 60 odd licences not involved with ENSA.
BHP might decide to just roll the dice again and see what SOLG can deliver through rest of folio. If NMis so sure there are more Tier 1's there then why sweat it over ENSA? Let that one go and see what comes up next? Hence ENSA deal done then BHP might be happy with that.If deal done for all of SOLG, then that might see BHP come out fighting a bit more.
Many out there interested in Tier1 assets and Chinese are not the only ones looking good at the mo in Ecuador.
Last Presentation to fremind ourselves...before Darren went...prospective value 78/79p...
https://wp-solgold-2021.s3.eu-west-2.amazonaws.com/media/2022/10/SolGold-Cornerstone-Transaction-Investor-Presentation_2022-10-12.pdf
Update presentation this week...?
Hilarious…….
Seriously a takeover bid exists just as much as a no bid situation exists.
What a load of tosh……
I think a few posters have lost the plot in desperation of a bid taking place.
This is Ecuador, it isn’t straight forward and if the asset was that great a bidding war would have started many years ago.
Tidying up a bit of bookkeeping isn’t going to set this share on fire.
The posters promoting the bid rumours are getting more and more desperate the longer this goes on and the less chance this is a premium being achieved
The idea of a buy-back is fanciful, to say the least. And it made little sense to pay any cash away to CGP shareholders, even if it does mean greater dilution. (I suspect we had no intention of doing so and only included the option as a potential sweetner to any reluctant CGP shareholders - which is what I suggested at the time)
This company, like all explorers, is a cash guzzler and we need to keep out hands on as much as possible. Even if a bid is announced tomorrow, by the time it is concluded we'd almost be running on fresh air. (that's a bit of an exaggeration, but you get my point)
I’m excited about the share price. Last 5 years we have come along way. The last ten years have been fun!
If BHP have lost interest in us, why did they vote agianst those Directors...
And why have they twice publicly railed against us raising money through streaming deals...?
Sean, technically speaking the merger hasn't completed yet, as the RNS makes clear.
A takeover bid exists just as a no bid situation exists.
The question is not about existence of either but of timing. One can come sooner than many think and surprise or the other occurs for longer than many thought...
Tier 1 assets do not remain in limbo or gathering dust on shelves. That's a fact. So logic says a company motivated to seek a sale of such an asset should succeed.
Easyp, I have for a while now been convinced that BHP have lost interest in us and happy to just leave their holding as a token something that may one day one day pay pocket money. Originally they were very interested but have been put off by the messy diverse holding created by , I think, NM. I hope I am wrong and you are right.
Which takeover bid? It's all in your head RK! The sad thing is...you're trying to convince others that it exists. You're a devious operator!
Given that hardly anyone is selling now...why would any 'sane' investor sell...especially so close to a takeover bid...?
Agreed, and would be a total waste of time as any sane investor would sell into the rise as it would become apparent that management had lost its marbles. Honestly red, you can't seriously be advocating that as a sensible strategy?
The idea that a business that has no current income, that has never made a profit, never paid any dividend, that regularly has to do cash raises to continue as a going concern, would spend it’s available funds on a buyback, is absolute madness.
Kat2008 that's easy the book has just become more diverse as BHP and NCM have been diluted.
That's obvious.
You just can’t help yourself can you, one of the a trades at 17p+ was for 85 pence, more likely mm’s balancing their books, but you love to mislead posters on here to stuff going on in the background.
You really are the lowest of the low trying to mislead everyone here with your fantasy buying……..
Get ready for that margin call……
https://www.zerohedge.com/commodities/extremely-tight-market-could-push-copper-prices-record-highs
All of you who kept telling Quibbles we hadn't merged with CGP, please read this morning's RNS...
Where are they? What is their next move re SOLG if any? I always assumed they would bid at some point?
RK, does Solgold have approval to do share buybacks?
Algo sale at 16.94...off book buys at 17 plus...
back to the 16s red... more at 11
Into the 17s already...
Fortissimo ,yes indeed they did from AGM things could be looked at in a different way ,these that think this will go to production in a j/v are deluded , NM always said he wants best value for all shareholders his history speaks for itself he has not solgold board any intention of taking cascabel to production ,might be sold as a whole yet let's see
Bubble, since October's merger RNS we've had some risks and headwinds for sure. Market melt down, now looking like an over reaction and forecasts improving. $85m raised with minimal dilution. Merger all sorted awaiting formal paperwork/court sanction. Cash reserves solid post merger.
It really couldn't have gone any better.
Copper and gold prices near mid term highs. What's not to like?
Just need these ARB boys out of the way and the rerate can commence.