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News next week from what I gather. So if true then only a few days over their end of Jan prediction.
Monte, bear in mind the CGP holders will have their options rolled-over into our company.
I was just reading back over some old RNS releases.
The things they award themselves for with options is laughable. Basically if they do the bare minimum of what they are payed to do, they get options awarded.
Nice work if you cam get it.
Why would you be in a rush? They might have to get e real job afterwards.
DG1, although I think some of the issues you mention have been addressed by the new management, I share your frustration.
Rightly or wrongly, I believe we will see something emerge which is completely transformational. I find it difficult to believe that our new masters have engineered the new regime with the intention of maintaining the status quo, particularly given everything that's gone before. There have been many clues and statements of intent and failure to deliver would lead to mass dissatisfaction on a grand scale. They've very noisily put their necks on the line and it's time for them to prove themselves.
Why do we show an ask of 26p +/- each day before trading starts. Any ideas folks.
Gazbag, that's the way I prefer it! I won't be influenced by the boiler room boys!
Come on DG1Investor, stop sitting on the fence & tell us how you really feel! ;)
Well said DG1! What the hell do these executives do all day? I see no progress on any fronts. Such a sad story
Perseus yes local elections
If anyone of the investors here has any ears into SOLG towers please pass on the message that the time for them to communicate is ‘Now’
No more hiding away
No more delays
No more excuses
No more nonsense
No more blaming someone else
No more - blind Freddie’s, paddling one’s own canoe, French translations, - basically cut out the bull
No more missed deadlines
No more excuses
No more pointless presentations
No more gravy train
No more over inflated salaries for delivering zero value
We have gone nowhere in terms of SP progression for yrs and yrs and yrs and yrs
SOLG mgt should hang their head in absolute and complete and utter shame
They have failed - even if they sell it tomorrow (they won’t) but they will have failed
They will all point at each other, all blame each other or those that have escaped and left the company - but they should look at themselves
Even the steadfast SOLG supporters of which their were many are beginning to turn en-masse
PI’s have been treated poorly and I’m certainly not a million miles away from being the only one who thinks this
So tell Fawzi, Mather,Caldwell and anyone else who hides away in the shadows at SOLG that you as investors may have the ear of that their performance is shocking - their comms is the complete pits and the quicker this misery is ended for investors the better
Just my opinion of course
But the swell of discontent is building by the day
It’s time they listened
the "boiler room" boy's are working in tandem again this evening! Let's not let them mess with our heads!
Ignore them, don't engage!
Derry,thanks for letting us know wondered what results where
The company now need to communicate something to shareholders, even if its just to say the SR is progressing to schedule.
Very poor.
Afternoon all. Just for info. Lasso did terribly in recent local provincial elections. A bit concerning.
GLA
DK
Is now the time to start getting concerned? SP heading who knows where , there is no support other that the 10p we know of due to coronavirus. RK has doesn't seem to be buying , nor his wife . And nobody is guessing at a takeover price, if we ever see a takeover that is.
At the moment even a 100% lift from here leaves many with pie in the sky past valuations.
If this doesn't sell , the sp will not look pretty by August , not that it looks pretty right now.
Roll on tomorrows excitement.
Ugly looking UT
Ortherncopper’s assessment is much more relevant than yours is, comparing a takeover of Noront, whose assets are located in a safe environment politically, geographically, than SOLG’s which are in Ecuador.
To liken the premium to be paid, as similar to the one paid for Noront, is living in cloud cuckoo land and then some……
Sure …. Win Win for the Chinese
A small part of me wonders if they’re trying to place the CGP shares before the merger is rubber stamped.
Unlikely but cant think of another decent reason for the delay
DBW, FWIIW, I think the 6% stake was an incentive and insurance policy for Chinese... that's all.
It enables them to benefit if they Bid say 45p+ a share for whole of SOLG and then get counter bid from BHP that comes in at 55p etc and they then back out. They still make a nice chunk of money out of that and likely via royalty deal (assuming it's them too but via Maxit Osisko etc).
These minor stakes just help with engagement. Without them, it's a lot harder to get the ball rolling. You want it to feel like a win win situation if possible.
Ultimately, Lasso has leaned toward Chinese so it's just a question now (IMHO) of how Maxit can get a competitive arena going for Alpala as that's the only way to get top dollar. If the chinese know they are the only real interested party, then it's going to be bottom dollar stuff. Needs multiple interested parties and if SOLG announce that SR is done and they have exactly that interested in the asset, then away we go!
Lol
Why do iPhones always replace bid with bud …. ?
Fort …. Agree only takes one bud and weee off
Jiangxi won’t settle for 6% ….and the Chinese hate BHP
Just frustrating waiting but it won’t last forever
Should read £2.4bln (not £3bln)
Ortherncopper,
You keep referencing 16p like it matters? It doesn't. On pre dilution basis it was more like 19.5p which is just shy of the last placing at 21p levels. The Chinese knew that plans for 550m shares were coming to market. So it wasn't a true 'value' event in that context and SOLG's backs were against the door as well all know post Darryl's efforts on failed fund raiser.
Try and focus on the asset value and someone paying fair price. That's how most Tier 1 assets are sold. The share price will then reflect that price/value number based on shares in issue.
Hence Irwin most likely thought that post merger, 78p or 80p would require a bid of almost £3bln for 100% ENSA or SOLG.
Pre dilution, and 85% ENSA, the 78p to 80p value mentioned by Darryl and a number of brokers was based on 2.3bln shares. So that's about £1.9bln.
So now perhaps you can see why Irwin was suggesting ideas of 80p+ was for the birds.
You seem fixated on the share price and you really need to forget about that when thinking about sales/takeovers.
Noront was 23cents pre offer talks. It went for 110cents. That was based on the asset value and shows how woeful the market was at valuing this in the first place.
See the irrelevance in your approach??
Given the seeming lack of better offers than the 16p achieved at the recent raise... I will be very happy if we can achieve a monetisation event circa 45p... but i doubt we will