The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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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.
Redknight is desperate , he is balls deep in his own self inflicted mess and will post any drivel to stop margin calls wiping him out
Rk,you are correct regarding buys day after day especially after close someone loading up but who ?
Fortissimo completely agree with you there one less to be concerned about ,wait for it!!,the green post are about to arrive lol!!:(,can't make it up gla
RK, that's some imagination you have there! That's all it is......lol.
Ask yourself, who's going to sell at anywhere near the current SP...
I'm not talking about a block purchase, I'm talking about steady buying day after day...
Bozi...think it through...
Average daily volume is c3m shares...
ALGOs regularly take this down with relatively little volume...
XIB have a short that is only 11 million shares....
It would only take a fraction of 125 million shares and persistent buying to break the SP out of resistance...
Day after day I'm firmly bid for between 200 and 700k of shares...
Theres at least one persistent buyer there...
Add in our 125 million and the SP would fly...
Very good news indeed.Another unknown and potential risk gone. Be interesting to see what the ARB boys do today and over coming week as they know the scores on the doors now.
Looks like there won't be any further requirement for equity raises now that our cash pile is free to use for working capital and regional exploration. The SR $50m is for ENSA only so should mean we have around $30m to send on regionals which might be quite interesting as a backdrop to offer/bid talks on ENSA with various parties.
There was a danger early on, that we would need that $30m+ raised via Chinese to pay off some CGP holders. Had that been significant, we might then have needed a second equity raise. So very good news today.
Take into consideration, Solg holds shares in CGP, imo 10%