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So while you rampers try keeping the SP from collapsing the Chairman of BMV has been opening up offices of another company around the world.
And promoting it on social media.
http://alwaysfinance.co.uk/2021/10/20/tech-company-seeks-investment-for-revolutionary-global-water-leakage-solution/
But he hasn't promoted BMV. ROTFLOL
What are the BOD hiding? All will be revealed this week. Strong SELL
Regarding SAU’s 40% holding, I personally see it as very beneficial for BMV. SAU already stated that it has no intention in getting involved in how BMV runs Gubong / Kochang, as SAU are a team of explorers and it is BMV that are the experts in production.
From a future perspective, SAU would likely have sold its other projects to the highest bidder, once a resource had been proved-up. Now it has such a large holding in BMV, it would be in SAU’s interest to sell these to BMV for a substantially lower sum and for them to be brought into production. This would also enable BMV/SAU to remain as the dominant gold miners/explorers for many years to come… or until a very substantial offer comes in from another party.
I didn’t want to filter Braindead, as I actually find that people de-ramping a stock often stimulates positive counter-arguments by others.
Unfortunately, the stuff that is coming out of him these days is absolute tripe! Plus, he’s already proved he’s not a very good investor from when he admitted selling the week before the deal landed, then had to buy back in at a higher price when the deal was announced. So, it’s not even as though his remarks are coming from a reputable source.
BS ….I’ve never come across such bull….it……SGold are very happy with the deal….the 3.6p per share price has been agreed with Bluebird. …SGold expect Bluebird (and SG) to do very well from the deal…….SGolds 30% holding in Bluebird is a good anchor and aligns both companies positive objectives, and may even form the bases for a merger at some time in the future…..if you are a shareholder these things will have been carefully considered……
As a non shareholder your views are based purely on presumption, so without foundation…….nothing personal of course….
Not sure about selling.
The 100k trade at after 2pm was a buy (mine) so I assume other sells might be marked wrongly.
Volume is low, frustrated and inpatient holders taking loses and chasing better opportunities.
No gold production in 2021.
Get ready for news of NO gold production in 2022
Radio silence for over 4 months. Company will be forced to make an update next week.
News of lack of progress has leaked imo
Judging by the amount of selling there is some serious bad news coming shareholders way next week.
I am betting SG are refusing to accept 3.6p with the shares at 2.7p
Ooops, I accidentally hit the send button ... so to carry on ...
If, as per the expected prospectus, additional 250m shares will be issued to SAU then we would have:
SAU 300,000,000 41.81%
Colin Patterson 73,325,385 10.22%
Charles Barclay 19,206,428 2.68%
Aidan Bishop 66,320,297 9.24%
This is clearly the situation when SAU would be the most dominant shareholder. I don't think the directors would like it.
I just wonder whether it is possible (within the prospectus rules) to issue shares but sell them to other entities and pay SAU in cash. This way the directors still could collectively be the most dominant shareholders.
In theory, if good news/progress is on its way, some other entities may be willing to buy higher than 3.6p. I'm sure if somebody wanted to acquire say 25m+ shares the sp would be pushed higher than that. Remember the sp was 5p+ before SAU announced leaving the JV.
Any thoughts?
JerseyC, the director holding is interesting in this situation.
As per my notes (correct me someone if I'm wrong), currently post 50m share issue to SAU,
Colin Patterson73,325,385 15.7%
Charles Barclay 19,206,428 4.1%
Aidan Bishop 66,320,297 14.2%
SAU 50,000,000 10.7%
With 2 directors holding combined 15% of issued share capital, there is an incentive to get to production of ever there is one. A sniff of progress at this stage with accompanying media exposure should see recent retraces reversed quickly imo.
ATB