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Easy to feel that way Novice when “seemingly” very little is happening and we are bereft of news ….
As I’ve said one day there will be a press release (RNS) that will answer all our questions one way or another and leave no room for further “speculation”
Hang in there DBW
No red not anymore, I've lost all hope of making life changing amounts here with my measly 802K, will be happy with 30 to 40p atm...
roses are red, violets are blue, Solgolds schedule progress is nothing new
Due in next week or so Orthern …. Was Valentine’s Day last year
I think we have a quarterly update in the next few weeks?? surely they will have to update merger progress before that.
more chance of 14.5p here
Thanks Novice...45p by Friday...?
Just pointing out the facts, Bozi.
Sctay- BHP joined our register of our own volition when they bought Guyana Goldfields' 6.odd% stake.
Guyana Goldfields who were led by no other than Scott Caldwell.
I think Add likes to use it as a bit of a stick to beat Mather with. The point is yeah he did allow them to grow their position, but if it hadn't been BHP it would have been some else. Fundraisers of the sort we were doing needed a cornerstone investor (not that Cornerstone).
Should add that it's about 6 months since BHP bid for OZ Minerals so clearly these deals take long time to complete.
I would expect any NCM deal (when agreed) to see a final completion date of around July/August!
Wasn't long ago that Oz Minerals and NCM were common names / favourable stocks with investors and remarkable to think both names could be gone in next few months.
Scrat, yes you are correct; they bought the first tranche from Guyana Goldfields (from memory). Over the following years we then tapped them for more cash and thus allowed them to increased their influence, which was a mistake.
I can't see Newmont's $24 offer winning but if they get up to the recent highs seen on NCM a year or two ago then investors might bite. So $31 to $36 region.
$25bln to $30bln not small fry stuff and puts into context the rather minor $9bln Oz minerals BHP deal!
Sector should see renewed interest now Metals prices look more in vogue and M&A kicking off. Looks like 2023 will be the year!
Add .. Did we invite BHP onto the register or did we favor Newcrest as the better offer originally. I thought BHP arrived to everyone’s surprise when the now CGP peeps switched horses and sold their Solg stock privately to BHP.
Red, just caught up with some of the threads and wanted to wish you a full and speedy recovery, health and family are way more important than the things we post on here... good luck
Yep agree with you there red
Not2sure, I'm not sure it was a question of too many chiefs, but has had more to do with too many masters with very different ambitions.
I've said it a million times, but the moment we invited BHP onto the register we created a rod for our back. Could we have got this far without them? In my view, yes we could. Thank heavens we're now in the hands of people who understand this and have no intention of letting BHP dictate our future. Or rather, they can dictate the future, but it'll cost them and we won't be part of it.
apparently not
Thank you for your observations everyone.
I believe however once we raise the money the hurdles are not too difficult to overcome.
Let's see what the strategic review says.
Solg don’t have the financial firepower to withstand any issues, of which there will be many, to get to production.
Many business go under because they think they can do exactly what you are proposing.
This is a huge multi billion project in a third world country it would be difficult enough in Australia it is nigh on impossible for a company the size of Solg to achieve this in Ecuador.
You need huge amounts of liquidity and Solg will not have that for many years, if ever…….
Sell the main asset or...more likely...sell the lot!
CGP and Maxit are in this to make money...quick...(fast and smart...)
Also we have clearly demonstrated over the last few years we have lacked direction..probably too many chiefs and all that..I truly believe if we in some way announced we were trying to go to production we would be setting ourselves up for a spectacular fail and I do not believe with those now involved that is ever going to happen..sell the main asset and return to our roots as an explorer ..imo
Quady I belive we would have a massive balance of power problem trying to manage engineering firms much larger than us with much bigger budgets we would be at the mercy of cost overrunning and not have the fire power to defend our selfs
"ALL we have to do is raise the money"
Telsa if we take this to production we do what the big guys do.
We bring in a person to manage it. we bring in a structural engineering company to build it.
This is because best processes and practices are constantly updated.
All we have to do is raise the money.
This is how the big companies do it. They do not have people on their payrolls who build mines.
Addicknt
I totally agree with your comments, taking to production is way more risky than ANY other outcome.
I suspect it is what BHP would like..
No matter about all the bravado on here about the little guy sticking two fingers up to the big guys, the big guys are big for a reason …..they normally get what they want………