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I really don't believe that the government would be happy with NM messing about, issuing more shares and not producing income very soon.
We will see soon.
GLA
DYOR
Fair points, you never know you might be prove right one day.we shall see.
That I would suggest Montecristo is the 64,000 dollar question.
I think many people would like to own Solgold outright. BHP is the one always mentioned.
But BHP own a percentage of other mines around the world and don't own them outright.
Solgold may fit this pattern, by owning 13% of the company, they don't only get Alpala at 13%, but every other mine we bring to production, with no extra outlay, not a bad deal for BHP in the long term, and who knows, over the decades, they may get the opportunity to own a bigger percentage.
Their not there ( I know how touchy some are on here about grammer) sorry
In that case, do all the current large shareholders accept that Solgold are indeed taking this to production?
If that's the case are they happy just to be minority shareholders?
Most seem to believe that that is highly unlikely for BHP, the world's biggest miner. It would be like Warren Buffet taking a 15% stake in my local chip shop.
If your right, and I'm not saying your wrong. What are BHP going to do with there shares?
Also Montecristo, may I point out, that BHP can approach other holders of Solgold shares, and buy them.
CGP would be the obvious first target.
But this has not happened, as I said it wouldn't.
Too many people are looking at this share, as something that is going to be sold.
Ask yourself, with so many people saying for the last 7 years, that it will be sold, why it hasn't happened.
Hi Montecristo, that's the whole point, you would have to agree a price that the other stakeholders would accept.
NCM has already publicly announced they do not want to sell their stake, but increase it.
I suspect the same is true for all the other main stakeholders, hence no low bids.
And thus BHP will not increase it's offer to above NPV.
This can be defended.
Montecristo, far too simplistic...Quady?
Could BHP not simply make an offer to all the other holders,
Which some accept because it's a good offer then the diverse book becomes not so diverse. Simple?
Basically our last two issues, have done what I predicted over a year ago, I said we could bring in other parties and exclude NCM and BHP, everyone on this chatroom said it wouldn't happen, but it's already happened.
We I suspect will bring in over large players, with nominal holdings to make the book even more diverse, and so make this even harder to launch a bid for.
A deep dive, should I say.
Quady, would you mind kicking off an in-depth Saturday night discussion about the importance of a diverse book?
The more diverse the book, the easier this is to do.
Hi addicknt, we have taken our latest shareholder at a 0.6% stake, however they like everyone else would like more.
Let's say BHP make a hostile bid, we can issue another 500 million shares to everyone else apart from BHP, at the price that BHP bid, thus funding our drilling campaign further at a higher price, and defending a takeover. Other strategies can also be brought into play, which have been debated many times on this site. This share can be defended.
I did explain it
His argument is a diverse book will prevent a take over, then in the same sentence says the diverse book means someone could easily increase their stake should a bid happen
Its nonsense and contradictorie
Q, your post makes absolutely no sense whatsoever. Care to explain?
Q your comment makes. no sense
“and a diverse book, with companies that can ramp up it's holding rather quickly, should a hostile bid be received.”
Basically you are saying it would cause a bidding war
Yes it's part of NM's defense, that is the whole point of a diverse book, and a diverse book, with companies that can ramp up it's holding rather quickly, should a hostile bid be received.
I wonder if Valuestone is part of SOLG's defence team should takeover bids come in or alternatively the complicated process of SOLG's asset sales ?...
apologies, just musing while watching 2 blokes knock balls around a table
'Private equity is predominantly about generating capital gains' (ICAEW).
Valuestone is a private equity fund manager whose primary aim is profit generation not the securing of supply and ownership of natural resources.
This raise may therefore herald a profit generating corporate event?
https://uk.reuters.com/article/jiangxi-copper-fund/jiangxi-copper-targets-investors-with-300-mln-global-mining-fund-idUSL3N1B51PA
From 2016 -
“The focus is not to secure supply, it is rather how to make a profit at the bottom of this industry cycle,” analyst Helen Lau of Argonaut Securities in Hong Kong said.
“Eventually Jiangxi Copper may participate in operating and investing... but they may ask the (private equity) fund to just flip it.”
-
I reckon Mather's raised $5m from this Canadian based shareholder for yes, corporate purposes but also a sweetener in anticipation of corporate action.
Looking at the monetary value attached to the Valuestone raise, it is utterly without material consequence except to Valuestone who I believe will profit from its stake when either SOLG is sold or we see monetisation if each project starting with Alpala is monetised
I wonder if Mather personally knows the partners at Valuestone? Is this a favour or a sweetener to Jiangxi Copper Co, an act of corporate goodwill or sending a message to other majors of intent?
I'm sure we won't have long to wait