The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I enjoy your posts RK, I've not had time to ready what SG have actually issued. You should commentate for Sky Sports!
Sorry SM...can't agree...your observation is based on the speed at which Solgold does things...
Once a strategic stake or an opening bid is announced the pace will be determined by suitors, not SOLG or CGP...
Look how quickly Noront happened...
May 2021 23c a share..
July 2021 30c before BHPs first bid of 69c
Mid July to late August...30c to 80c...
Finak agreed bid 110c...
So I say again the decision to make is when to sell all or part of your shares...
(Remember...timing of reinvesting the proceeds is just as important as what price to sell at...unless you're going to blow the lot like Viv Nicholson...)
CMG lol!!:):)
Red ,10 on a takeover let's see
RK
I'm only pulling you're leg. .
;-)
Come on CMG...I have 1264k and the wife 400k backing a takeov er war...
I'm just giving info on here based on dummy trades...
Me too Bubble, me too!
Well if Redknight has 38 filtered he must be talking to himself save one or two others.
Sharemarket I want Xmas off with a solgold bonus lol!!:)
Well that's very interesting that they doing this presentation after recent activities ....£1.32 on cascabel or £1.50 the lot ,agree the times running out on funding not sure a prop up of 30 million dollars is what shareholders want imho
redknight, whilst I share your renewed optimism for the mid-term prospects of this share, I think your timeframes are way off. It has taken ~6 months for us to have agreed this friendly merger with Cornerstone. It hasn't yet been formally approved. Save BHP panicking (which I don't think they will be doing), I am not expecting anything to happen here until Q1 next year.
In this order:
1. CGP will place their SOLG shares with a new entity (or several new entities)
2. We will release the PFS addendum and the Porvenir PEA
3. We will complete the friendly merger
4. We will sell the company
SOLG isn't exactly the most agile or fast moving of companies, is it... And they'll all want Xmas off after the AGM for all the graft this year (ha!).
RN
Are you ramping, but selling 50k bundles. Let's hope real news doesn't come in.
You might miss all this opportunity you talk about.
Thats 38 filtered and a quiet life...
An intelligent observation anon...thanks and push off...
Filtered...
Its bizarre that the SP has only moved in a 1% band all morning...
That suggests very strongly to me that it is being held...maybe pending an announcement...such as the sale of the share stake (during or immediately after Darryl's presentation).
It would not be difficult for Citi and the house brokers to hold the SP in the meantime...
Indeed those two 100k sells could be designed to keep a cap on the SP with the threat of more to come...
Meanwhile I can only buy or sell 50k on a very tight spread...
What odds on Redknight gets spooked today or tomorrow and sells half his shares again lol
Changes his mind more than the weather
Time to filter him!!
Surely it pretty obvious Bozi...
Sell the shares for $30m cash post the merger or
Sell them to a hungry investor pre merger and lend the cash to SOLG until the merger.
I repeat...NO CASH WORRIES...
And yes the drilling can start but surely SOLG won't be an independent entity at 31 December...
Start the bdding war now or...
Bring it on with an offer of 135p a share...
In a few months time when you have the agonising decision as to what to spend your newfound riches on, you will reflect on 12 October as the day the blue touch paper was lit...
This is a very very cleverly put together presentation...
(Unfortunately to be delivered by vanilla man...)
Yep!
BHP right now have to decide whether to stick, twist or bust, because they've waited far too long to try and get their grubby hands on your shares...
So...
Twist...make a bid with the intention of succeeding in a bidding war...
Stick...keep the holding pending the best possible price
Bust...sell out to the first party that comes along with an offer of 75p or more...
I would love to have been a fly on the wall when the M&A team at BHP were dragged into Mike Henry's office to be grilled on how the hell they have been blindsided by this.
Bit early for that, RK!
So now is the time to start thinking seriously about when you will sell part or all of your SOLG shares...?
There are two major considerations:
1 Are you holding out for maximum gain, but...
2 What is going to happen in the wider markets?
The latter being important because if a wider crash happens before the endgame it couid significantly impact the final price of SOLG, and also
A further capitulation in UK markets will open up opportunities for capital gain and dividend yields that could make any further gain in SOLG (after the stake sale surge) look pedestrian...
e.g. Jupiter Fund Management, down 70% since January, currently on a notional yield of 20% plus....
(That is NOT a recommendation...just an illustration of the 'value' that is already there...)
Because everyone knows what a fraud you are and your ramping doesn’t work…
Once a snake always a snake …….
You have been posting the same BS for years …….
My conclusion is that we can safely assume something will happen either in DC's presentation or in the next few days to spark a bidding war...
Solgold is saying that Cascabel alone is worth a minimum of 78p and anything up to £1 or more...
"So if you want us you're going to have to pay top dollar."
My guess is that the presentation has been skilfully stitched together by Maxit and Citi to give more than enough signals...
Now that the cash issue has gone away, only the takeover war remains.
The key is what happens to CGP's SOLG shareholding
If it goes to a neutral holder, like a Norges Bank type, we're still waiting...
If it goes to Mitsui or a party who would very definitely seem to be a possible suitor, that surely lights the touch paper
It won't go to BHP or NCM, but where does NCM's 'strategic' stake go and at what price?
My guess for some time now has been that there is a potential suitor lined up, waiting to counter the first bid or if that takes too long, to make the first bid.
Remember, BHP's purchase of Guinea's 6.1% stake in September 2018 more than doubled SOLG's SP in 7 weeks...
Expect at least that to happen here...if SOLG survives for 7 weeks if the stake is bought by a 'seriously interested party'...
SM, indeed it would. They were told to "put up or shut up" last year and did neither, so they deserve a good kicking.