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I can’t see a 6669 Acct - but can still see his tweet from 6days back on the 6666 Acct where he says ‘he will let the market speak when Solg sold to a major
I can still see the 6666 Acct The Slug, he tweeted a response to another tweet ‘Awesome’ to somebody 2 days ago - non Solg related. Granted I don’t know how to see if an Acct has been deleted ….anyway I’ve tweeted him to ask if he’s still about
Ok … maybe I’m wrong but the account wasn’t there yesterday….. I agree he’s usually right and the fact is he’s sided with the board….. he’s done the maths and apparently he’s a very good mathematician
DBW - I’m not sure that’s right mate - I can still see Warrens Twitter Acct so don’t think it’s been deleted. I’ve actually chatted to him on a number of occasions (granted a couple of weeks back since my last interaction). I actually find him very down to earth, grounded, articulate and talks a lot of sense. Certainly knows more than most of us…..I recall a post he made where he said this would all be wrapped up in seven mths or so - think it was a little tongue in cheek …..but along the way he’s been right more times than wrong
Hi Sean, all well my side and yep it has been a while. I decamped to Twitter with a small interest in Telegram …LSE can be a little hostile for me ! Lol
Plenty and I mean plenty of long term holders still with Solg (rightly or wrongly)
Think the price was around 19p last time we spoke ….I’m certainly one of those who buys when I get overly excited about any rise (the golden buy out carrot looms large in my greedy eyes !) - then I spend time fretting about what I have done on the regular retracement …..however all that said it’s still my belief that this gets sold for big bucks ….I won’t throw out my own personal target but I’m positive we eventually come out smiling
Your right of course about the extra 1.2b in circulation now …..with hindsight was probably always gonna be the way …..arguments for and against if NM should have sold us years ago (if the offer was there) ….would have saved us from this journey…..!
Anyway I’ve got 100’s of thousands of these little buggers now and like us all I want paying out on them :-) …….like everything time will tell
Anyway glad your good and make sure your in when someone rings the final bell
ATB
Monte I do remember and you’re correct
Since ggen he’s gone schtum and deleted his Twitter account
BTW, I agree entirely about the Eurasia . A very odd situation.
Dream boat
It's the obvious questions that most people are scared to ask usually.
If what slug says is true, I would have thought delaying would play into BHP's hands.
Remember what Warren said about the PFS
Bozi, the current situation with BHP is fascinating. We are led to believe their angst is a result of Mather's ongoing position, but is it really? It seems somewhat trivial and I feel there's much more to it. And do BHP and NCM really have a different agenda now?
Hey DG1Investor great to see you on here again too, I think the SP was firmly stuck at 19p and we were both fairly worn down by it last time we spoke. Almost gave up but never quite did. I hope you've been well.
Bozi... “ I'll bare my backside at SolGold's offices if they ever complete a deal”
I’m thinking of doing that anyway. Deal or no deal.
BHPs strategy is dilution? There is 1.2 billion extra shares in circulation since I first bought in thanks to Nick and the board.
Addicknt - nothing I really disagree with.
Only point I'd make is whether our board is ready to engage positively with BHP, NCM and other non-Mather controlled shareholders, particularly in light of:
1) BHP lobbying shareholders and certain directors
2) Newcrest announcing the "strategic review" of their position and removing Craig Jones
3) Cornerstone bring on the hook away from Cascabel over certain environmental issues.
4) Berry Street getting rowdy in public.
I think it much more likely that SOLG maintain the status quo.
Let me put it another way. SolGold could announce a strategic review tomorrow with a view to a sale of either certain assets or the company and the share price would probably run up 50%+ over the next couple of weeks or so, even in this market. So why don't they? Why isn't that part of the Citi defence? Any RNS would be caveated to say that a transaction is not guaranteed to take place.
What do SOLG gain from delaying studies, writing documents themselves in French etc, essentially turning the market off from the story, given that the best defence against a cheap offer is a higher share price.
I mean, look at Eurasia Mining for an overpriced company that has done something similar to that mentioned. I'll bare my backside at SolGold's offices if they ever complete a deal at a higher price than their current SP.
Monte …. That much should be obvious
The slug
Why have delaying tactics helped keep BHP away?
I take that all on board, but I’m confident they will not sit on their hands for another year if and when the board is returned….. they are not the only game in town….. of that much I’m confident….. and so are a few others including Irwin
I get your point DBW but I think there's probably too much evidence here to suggest we're not all about to be surprised.
I mean, maybe the plan to pot all the directors at the AGM is an elaborate cover up by BHP whilst they make us an offer we can't refuse. Not really convinced personally.
Ambrian's guidance is of course welcome but as we've learned with this game, the one that blinks last is usually triumphant.
ATB.
I’m hopeful that the BOD are confident to come through at the up and coming AGM - no begging letters this year. However I’ll give them my vote as if there is any chance whatsoever of giving BHP an upper hand in any way, even if that chance is remote then I’ll be voting against that ! Not overly impressed with the progress this year - but it’s better the devil you know for me
Glad to see Sean Hunter still posting always makes me laugh as more often than not he calls it correctly in his own Glaswegian style :-)
Anyway all the best everyone ….2022 the year of Rio
Bozi, 1) I have yet to see a non- hostile sale process kick off in the public arena without the main shareholders being consulted in advance. (Of course, some refuse to be made insiders, but once you ask them the question, they know what's coming) You appear to accept my contention that a board position is irrelevant.
2) As you know, I'm wholly convinced a sale process will happen, but I fully understand others disagree. Ironically, the more tier 1 assets we get, the more likely a sale becomes, particularly a partial sale.
Bozi …. I agree there is absolutely no physical evidence of an offer . If you were selling and wanted the best price you wouldn’t say you were for sale .
If you were looking to buy the company for a good price you equally wouldn’t advertise the fact.
Ambrian also know their stuff and they make us THE most likely takeover in the sector. Until something happens it’s all hot air . What we really need is third party involvement and then we’re off to the races.
As always let’s wait and see but with no liquidity we are going nowhere fast until something gives
ATB
Addicknt - if the company receives an offer it needs to put to shareholders then Nick gets his votes like the rest of us. His board position is meaningless.
But any notion of SOLG being rolled into the hands of BHP is IMO squarely based on a BoD ambush and eventual dilutive play out. It has to be as BHP will need to get as close to 30% as they can for as little further outlay as they can. We've seen to date that they aren't actively buying on the open market and we've seen they want the whole board replaced.
The question I have for you is... what have we seen to suggest there is going to be a sale process? I might be wrong and happy to hold my hands up in advance but after years of hard ball can you really see the SOLG BoD putting it's tail between it's legs and waving the white flag? I can't. Not as things stand anyway.
Bozi, I was thinking about a sale process and not dilution etc,etc.
And just for the record, that flippancy was intended in a friendly way because I know full well you know what you're talking about and what discussions you're trying to start.
But as DBW points out, not occupying a board suit removes his voice from the boardroom. There's other ways to mitigate the influence his shareholding and controlling interest carries.
And we all know some of our major shareholders (including BHP) have much deeper pockets than Mather and DGR.
Addicknt - I didn't have you down as one to play silly beggars but as you are...
A Mather-less board of directors is able to make executive decisions without the influence or view of one of the company's early significant shareholders.
Do you agree?
Those decisions, depending on who else is employed by the company, may (or may not) include significant levels of equity dilution to our major shareholders.
Thus altering the balance of the register. Do you agree?
Therefore, Mather sees his shareholding and that of DGR reduce, thus reducing the influence his share voting carries from the c. 20% it is now into the teens and possibly lower.
Do you still follow?
And therefore, when Mather's controlling shareholding is no longer of any significance to the bigger picture, he has zero influence.
If you aren't willing to acknowledge this then you're welcome a corporate stooge for an interested suitor and I simply won't hear anything to the contrary.
dbw, thats pretty profound mate. i think, wtf does it mean,