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DBW why are the markets totally ignoring the worlds worst kept secret?
Things may not be as rosy as we hope/have been told over the last few years..
the only point i was making re GGP was not anything to do with the assets.... it was purely regarding managements communication over there... they are night and day different to solgs communication...
Solgs investor communication has been risible for the last 3 years... utterly woeful!!
Red …..
“ The strategic review for the combined group aligns with our views on the best path forward. "
Is this not tant amount to admitting that the results of any strategic review is already known and a forgone conclusion, therefore a waste of time .
They would never have combined forces without pre agreeing the way forward (ie to sell up and move on)
So why are they bothering ?….. just to placate ****ed off pi’s? Bit late for that.
Get the sodding merger done then announce the world’s worst kept secret.
What a crock.of dh ite this is
Bozi, they are indeed separate workstreams, but perhaps Plan A begets Plan B? Now, where have I heard that before?
Somebody rolled over 97k 15.31 into 15.36...must be optimistic...
14p coming !
Shareholder value in motion !
The wrong way as usual.
Red
I posted that on the 13th November, but nobody picked up on it.
I didn't see that Add but it strikes me as weird.
I take your point about CGP potentially insisting on the SR but I don't see why everything has to be rolled into one announcement now.
For all intents and purposes right here and right now, they have to be separate workstreams IMO. Anything else is just poor.
SM...would you still say that if SOLG is sold for a decent price in the next few months and GGP is left 'holding the baby' while NCM is sucked into Newmont...?
Try this Bozi:
""This merger transaction makes sense for both sets of shareholders. The merger allows our shareholders to maintain exposure to the world class Cascabel Project and is a step towards maximizing value. Having considered the landscape, we are convinced that combining forces with SolGold will unlock significant value for all shareholders. The strategic review for the combined group aligns with our views on the best path forward. "
Bozi, btw, didn't someone post the other day a quote from the company stating that this was the intention?
Bozi, I think they're inextricably linked.
I'm of the opinion CGP demanded the SR as a pre-condition to agreeing to the merger. We know it's been going on for at least four months and quite possibly longer and I'm fairly certain they're edging towards a conclusion. Given my assumption, I think the management would like to take the opportunity to get the whole lot out there in one go.
Fort, either you don't understand the GGP story or you are being willfully ignorant. Every man and his dog (including you I recall) knew that GGP at anything above 20p was ludicrous based upon 30% ownership of Havieron. It was a hyped up retail stock during the pandemic when everyone was pumping the income their wives hadn't spend on Made.com into the stock market.
The recent equity/debt package kept that company alive and stopped it from being swallowed up by Biswas for a pittance. The valuation is now more realistic and will boom as the business moves from the Orphan phase to production, with an updated MRE and FS due to be published this year.
Solg has canned any future value enhancing studies - or delayed them - and canned all the people responsible for securing financing to bring its asset to production. We're banking on a quick fire sale and have no plan B. Comparisons between the management of the two assets are risible.
Lol “Central Dubai is that hot for much of the year”……seriously that’s your defence ….
No wonder you are not on this planet.
Many residents, of Dubai, move to Europe in the summer because Dubai is unbearable heat wise.
I don’t believe 40c + in July is anyway comparable to 22c in December.
Ortherncopper, not sure I would call GGP a leading example of great management and certainly they are no better than SOLG if not much worse imho.
38p down to 7.3p recently and that's your idea of classy management? You certainly know how to pick them! On top of that, they started with 100% Hav and now have 30% and debt as well. Had GGP management acted sooner in the cycle - GGP shareholders would be much richer. Same can be said of SOLG but what set them apart is the $150m raised via Royalty streams. That really shows the class of the asset and the class of the management to side step BHP et all clutches and minimise shareholder dilution.
Several things have changed with regards the size of the asset especially in terms of ownership. At 40p, SOLG were valued on 85% of ENSA and folio plus cash/ inc debt for royalty. Use 2.2bln shares for reference to that 40p.
Now, we have 100% ENSA, additional royalty and similar cash balance inc folio. Shares in issue soon to be close to 3 bln.
The 40p you talk about (nothing changed scenario) equated to around £900m market cap. Post merger, 30p or thereabouts will amount to the same reference point as your 40p.
However... we do have 15% more of ENSA. So that's your cream on top which needs adding in along with the premium for holding a 100% owned tier 1 asset - eg less fragmented and just how buyers / partners like it.
So I guess the question you should be asking is whether that 15% ENSA stake is worth that missing £300m as 40p post merger will be £1.2bln market cap.
Okay slug, if you say so *eye roll*
Stick to solg. Conspiracy theories about vaccines, climate, 'wokes' etc are for other message boards that us investors can ignore.
Are you familiar with the internet law that says as soon as you liken something to the Nazis, you lose the argument?
Add - I just don't see what connection there is between the SR and the merger.
For me there is zero.
I think your first option is likely to be more accurate,but I'm just speculating.
When you get out of your car, in central England, in mid July and it is hotter than Dubai then you know something is badly wrong with the climate!
That’s what happened last year!
I know what you mean but 1 week or 2 is hardly a drama. Like I said a few days ago, the cynic in me thinks that the money men involved with those extra placed shares (not the chinese ones) might want a bit more time to play with SOLG's LSE and TSX share price. Also as addinct highlighted yesterday, Maxit do get paid $4m+ in fees so one would guess they will be issued shares. Add these to those they apparently acquired in the placing and you have an insider there that could in theory forward sell stock knowing they have it coming in fees at lower price.
Let's say when the price was 18.5p recently, Maxit sold (short) 5m or poss 10m shares over several days. They know they are getting those 10m shares handed to them at 16p or knowing SOLG, they'll probably get them at 15p lol! It's easy money isn't it.
What I am puzzled by is the fact that we have Maxit as advisers and very much insiders (due to certain holders as well) and yet they are issuing shares effectively to themselves.
Like I said... any stretched out process in the merger no doubt helps some with fees and CGP's cash pile (which was XX back in October) is what now??
Anyway... lesser of two evils as they say. Would you feel safer with SOLG and BHP holding the keys?? Nope!
There are comparisons and arguments about the pros and cons of greatland gold… but their management and investor communication is a totally different class when compared to Solgolds. Like night and day!
Slug, let's stick to Solg after this.
Your argument appears to contain a number of unsupported claims and conspiracy theories. There is no evidence to support the idea that the UK's response to the COVID-19 pandemic was a deliberate attempt to control the population or seize their wealth. The high number of deaths during the pandemic is due to the spread of the virus, not the response to it. Additionally, inflation is a complex issue that is influenced by a number of factors, not just the growth of the money supply. The suggestion that excess deaths are being hidden by the media is also not supported by the available evidence. It is important to rely on credible sources of information and to approach complex issues with a critical and discerning eye.
From today's FT:
"Widespread anti-government protests are disrupting copper output in Peru, the world’s second-biggest producer, triggering predictions of a further surge in prices for the metal which has already rocketed in recent months as China’s resource-hungry economy reopens.
Demonstrators demanding early elections and the resignation of President Dina Boluarte have thrown up roadblocks across the country and attacked mines, causing production slowdowns and closures in the Latin American nation’s copper operations, which account for about 10 per cent of global supply."