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SharketMare
Not all broken clocks are right twice a day. Some are missing key indicators... like hands!
In your case, I think you've been missing a lot. But no point in labouring the point or as you said to me.... no matter how many times I tell you Fort... no steam or royalty deals before DFS. Don't you listen stupid!!
No I don't listen. I think ahead instead.
Now we are clearly into the news period, I think we'll be getting RNS's aplenty. So what are we expecting...
1. PFS2.. will we see this in 2022 as previously guided by Darryl or will it 'strategically' be withheld??
2. Porvenir PE... as above
3. AGM Resolutions and date notice
4. CGP EGM to vote on merger deal
5. Outcome of the Strategic Review
6. Completion of the $50m funding royalty deal
7. CGP delisting from TSX and new shares issued
In absence of exploration works and assuming they down tools while discussions on sale commence, that $50m should last 12 months. If not, no big deal, as the 6.7% CGP stake could raise $50m+ with ave share price over last year.
So question is... is there any merit what-so-ever to spend $20m of that cash on fast tracking some holes on RIO (assuming permits granted) and see what can be delivered over the next 4 months+ while sale discussions commence with interested parties?? Personally I think it would be a good idea. One great hole and that could see some excitement and boost the end takeover price or asset or assets sale. I think that's Mather's love, so wonder whether CGP have agreed to that element as part of the deal... eg... get some drills going as sale process will take at least 6 months to complete in full.
Well you have all of us fooled Fort.
You said there would be a royalty, and there was, but not with a tier 1 company, with Maxit's mates, likely bungled in through the back door.
With this and today's news, can we assume that Darryl was leading the raise which would let BHP get a foot in the door at a cheap price. Mather and co stop it and then with CGP entering the fray turn to your royalty deal. Darryl sees this as the final stra and walks out in disgust? Plausible to me.
The problem is Fort, you got the royalty right but it was a needle in a rather large haystack of Fort calls and predictions. I fully respect your commitment to dine out on this win.
Colonel, even a stopped clock is right twice a day. Yesterday you were telling us that "BBs are a good indicator" of future share performance. You have previously claimed Blackrock are an investment bank when they are an asset manager, despite claiming to have worked in investment banking yourself. You repeatedly tell us that Blackrock buying stock in the 30s was a sign that the 'big boys' know something we don't and to expect a takeover "at least 50% above 35p", yet in the same breath you claim they're holding the price down at 16p (providing no justification as to why).
Honestly, you spin a good, bullish yarn, but anyone with half a brain can see you have just as little clue as the rest of us (and are more often wrong than right).
Thank you addicknt. Page 109 of the 2022 Annual Report covers the CEO Long Term Incentive. 10 million options to vest in tranches. Tranche 1: "The exercise price of the first tranche of 4 million options granted at £0.292, being the closing priceof an ordinary share on 30 June 2022. Options will vest on 1 December 2022 and expire on 1 December 2025."
With this in mind, it appears that DC will not be covered by the LTI. Page 18 of the 30 June EGM Meeting papers issued on 3 June 2022 does cover the scope for options to be exercised within 90 days(unless extended by the Board) but it appears DC will not be covered by this as he seems to have fallen short of the 1 December 2022 hurdle.
My take is that D.C came in thinking that BHP would take the lot and that he would then been given the job of running the whole show with a main board appointment. It then became clear that the deal stitched up with GGP was the start of selling out to anyone, leaving him exposed.
In my view an auction is coming, my guess in February but who knows when?
I am feeling positive - but then I have to be, I'm underwater!
Agreed killjoy, point made
Just don't understand the problem people have with Quady, he maybe a lone voice but at least he is consistent - unlike others on here.
Bozi is correct ColonelDrake is always commenting that BlackRock are manipulating Solgolds price.
He doesn't understand fund management and how their business works.
It's just the buying and selling of units in funds that contain Solgold.
I know exactly how BlackRock works. You'll be hearing from them soon Bozi based on recent volumes.
I told you Royalty deal would be done. You said no. I told you Darryl would go... you said... and I'm telling you Blackrock are unwinding their 25m trading instruments. You'll get a TR1 in good time when they are fully ready.
Oh... and let's not forget that I told the GGP BB that at 38p the stock was over priced and heading sub 9p.
I'll sell you a crystal ball for £5if you want want. Postage £6.
RN,
Ha ha what is that a real tweet? Irwin being so caring about pi’s makes you wonder if he’s a few steps closer to God or is it a financial thing
An Australian drama is unfolding, we all know they are crap at them
Bit rich Fort, calling someone green.
At the end of the day you don't know how BlackRock works.
RogueNation,
You seem. bit green... new to all this. What did you think would happen when or during the CGP merger? Did you expect Darryl and SOLG to just continue as they were. You were told of the merger. You were told of the Strategic Review. What did you expect to happen?
Nothings been dropped on you. I predicted that Darryl would be leaving weeks ago. Some of us have more experience and can see ahead. Others just seem to flap around after the RNS.
I have news for you RogueNation... guess what the result of the Strategic Review will be??? Any ideas yet? Warren Irwin (who is as close to the CGP gang as you get) has already told you! What's not to like? Your pay day is coming soon!
I havent been able to see it. Any chance of a c and p??
Solgold have dropped a few bombshells on fatigued PIs this year in a very offhand manner. We had hoped for some stability, milestones being reached this year and at least some light at the end of the tunnel. The RNS today, without any form of context, rational or offsetting market supportive comment seems like a kick in the teeth. With the earlier tweet at least I thought maybe at last uncertainty can be put to bed. They can’t go on treating PIs like this.
I don't disagree Mathersfinger.
As I said in an earlier post today. This maybe about the 0.6% offtake agreement.
He might have been in favour of BHP and NCM retaining their percentage so an agreed sale could happen.
However Solgold have been unambiguous, unless we get a full value offer we go to production.
It could be that simple.
After all that explains why we sought funding.
"While BHP and Newcrest are again unhappy with SolGold’s funding model, neither has gone public with an alternative funding proposal for the company."END.
And this is why no one pays any attention to what BHP and NCM whine about. Like I said... you have to offer an alternative before you go about saying it's expensive for longer term shareholders? Who are these longer term shareholders then?? Who are the short term shareholders then?? I'm dying to know NCM??
It just reads like sour grapes....and should have read like this... 'We are upset that we couldn't get 70% of ENSA through doing dilutive equity deals and forcing the company into giving us all the equity. It worked for us on GGP but unfortunately SOLG are too smart for us and have put us in our box so yes, we are upset.
That's the topline is it not Biswas?
Quady,
The CEO leaving at the speed of light does make you wonder, did the board realise he still had a BHP tattoo on his ars* and a NCM tattoo on his pen*s?
I wonder why we don’t hear from NM and the like complaining about the financing deals struck, it affects them just as much, greed is the name of the game
Atb
Which tweet?
RodneyT, I'm pretty certain they will lapse. The manner of his departure does not suggest good leaver status. In any event, he doesn't deserve them.
RogueNation - what tweet are you referring to? His "Sale of SOLG" tweet was posted yesterday, and in response to a question on how full value will be realised here. It has nothing to do with Darryl's exit, unless there is something I'm missing.
Agreed Mathersfinger I think when the storm calms this will be seen for what it is.
Our two major shareholders are unhappy.
Solgold are running the show.
However would be good to have some meat on the bone about Darryl's departure.
That would be Irwin then Add. Lol
Mather, I don't think there's anything subtle about their messages.
Orthern,
Reading that piece really is the big boys trying their hardest to unsettle shareholders, using media to spread their subtle message, when you have them trying everything little trick in the book, well you know you have something they really want, by hook or by crook lol
Atb