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What happened to Hubris Hunter on Twitter - gone private lol
Morning all …. Tin hats at the ready
Cmon Solg give us some news FFS
Sleep it off gazbag.......you may need to drive later!
The mystery around RK? DBW is totally connected , bubble has a brown nose , smickter is besotted. There are others , I forgot , its irrelevant.
Along with Drake and copper pot , we had a threesome of k nobs , pretenders and people who think way above their station. Total experts.
Ask Drake how his investment in Amerisur Resources panned out ? He spouted the same carpo there for 8 months too , only to be very humbled and disappointed.
Mmmm that's unlike Red to give misleading information .
The mystery around that one continues...
Likewise. Bit of a mess to say the least
Been here since first hole, bought more, kept the faith, underwater. Not impressed.
It was slightly smaller Mumbo_Jumbo and importantly less resource had been included in the measured and indicated totals.
But as you'll know, directors can only make recommendations. Their own influence in terms of direct and indirect holdings in the company's shares is weakening by the share issue and we're reaching the stage where they can't use their votes to decide the direction of travel.
They have offered NM a non exclusive look at some non public data, though it doesn’t say that NM have accepted. They have rejected both offers on grounds of price.
From all this I would say that an improved offer will get NCs acceptance.
As expected Solgold not mentioned. Conf call at 11pm.
Bozi - thats shocking!! How could the directors accept that valuation!! Was the resource much smaller at the time?
Think a better strategy would be to put a few hundred Equadorians to work and make in roads to digging the gold and Copper out for themselves
2-3years we might have a result , then we could possibly start the explosives haul the ore out and transport it off to the port ,
Think my 3 year plan is better than the current boards , they just seem to be kicking the can down the road , picking up nice big fat salaries and rewarding themselves in the process
GLA LTH
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...