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IN MATHER WE TRUST ...FACT
Why is Irwin happy ?
What fits all the facts ?
Solgold proceed to production and at some point CGP need to pay their share.
Now the previous threat to CGP was that Solgold could use their share of ENSA. ( being the main holder )
And CGP couldn't .
Just maybe 100% of ENSA will be used as security, so CGP would be happy whatever happens.
Just a thought.
“Throw in Irwin being quiet as a mouse and you know something is cooking that he's clearly happy to sit back and watch unfold”
Anyone invested here for any length of time knows this to be 100% out of character…. He’s a mathematician and a good one
Fortissimo…. We are clearly reading off the same page …. Not long now
DBW, spot on. When feathers are ruffled, toys out of the pram events happen like when SOLG did the Franco deal. NCM acted like a spilt kid not getting the 99 flake they wanted. It was embarrassing to see them squirm. BHP then went onto to try and undermine the SOLG board and persuade some to go up for election. Our Chairman had to go public to give them a telling off. All this action, tantrums, call it what you like is symptomatic of frustration and loss of control. So here we are this time around and we have little mention of SOLG by NCM or BHP and no apparent public tantrums .... yet!
Throw in Irwin being quiet as a mouse and you know something is cooking that he's clearly happy to sit back and watch unfold.
Wouldn't be wonderful if we follow the Noront takeover but in pence and not cents.
1. Noront trading like it's unwanted and out of its depth. SP 23 cents.
2. Next day, BHP drop 55cent offer
3. Wyloo (major shareholder in Noront was having none of it.
4. BHP forced to up bid to 75 cents.
5. Wyloo knock BHP out of the park with winning 110 cent bid.
I'd be happy with that scenario on SOLG but in pence of course.
( )( ) + ( )( )
Is this what ur referring to ;o]]]
r's
bn.c
Sorry Redknight just me being thick and just having woken from a siesta !
Ecuador will want this expedited by all parties for the benefit of their economy looking at Argentina’s financial woes with inflation currently running at circa 70% ;/
ONWARDS AND UPWARDS it’s coming home!!!
Have a great weekend all
Jerry spot on …. Solgold now never mentioned my NCM or BHP but more tellingly Irwin is quiet which would be totally out of character if he was even slightly worried
Fort/CD, its an interesting thought process as to what BHP might do. They have said they would like to get into more copper and nickel. I dont recall them saying they want gold. NC doesnt have that much copper in comparison to their au reserves. So its unlikely BHP would want NC in toto. The thought that they could persuade NC to sell them their Solgold stake in return for some commitment only has merit if NC feel they could be threatened by BHP. Personally I think RIo more likely to want NC, but I do see NC selling out to BHP should the latter want it. I think NC will support BHP in any communication with Solgold but thats more because Sandeep aint no Mather fan, and imo, a nasty piece.
Since NC bought into Solgold so much has changed for them and they have caused displeasure amongst their s/h by buying assets in NA. So a sale of their Solgold stake will be far more positively received by their instos than a bid/jt bid will be. NC do have a few expenditure commitments coming up so freeing up some cash for core businesses will be a great solution. Solgold barely gets a written mention in any of their dox, and gets absolutely zero verbal comment.
And for Quady, any comment made by a company over a year ago is worthless and they dont need to issue an RNS just cos they changed their mind.
Have a good weekend all.
Funniest thing I’ve read in many a year lolzzz
Is this what the BB has come to now!!!
Like I said the sooner tinyray does one the better and leave them to lick their wounds on poly
———————————
Don't worry quady he wouldn't say anything to my face either just on here, bookies would have me as a substantial favourite on sight including his pals.
RK …. Have a good weekend, things will start to happen very soon now IMO …. Who blinks first?
I know phil...its context...
I know jezzoo...thats why apologies to MLK
That article is 5 years old
Wouldn't want to be out over the weekend imho few 1 and 11 trades early this week
It's actually "Free at last"
Just saying........
Peace at last...
(With apologies to M L King...)
Thats enough weekend reading for now...
https://seekingalpha.com/article/4504491-ascot-resources-a-buying-opportunity-with-a-huge-discount
Solgold mention in an analysis of who BHP might buy...
We're not the only girl in town...
https://www.marketwatch.com/story/solgold-shares-up-after-bhp-billiton-bid-rejected-2016-10-10
Remember this...?
https://www.marketwatch.com/story/solgold-shares-up-after-bhp-billiton-bid-rejected-2016-10-10
Don't worry quady he wouldn't say anything to my face either just on here, bookies would have me as a substantial favourite on sight including his pals.
And yesterday...
https://www.investorschronicle.co.uk/news/2022/08/11/today-s-markets-elon-musk-builds-his-war-chest-as-coinbase-slumps/
"SolGold CFO lasts two months
Just a few months since announcing the appointment of a new CFO, SolGold (SOLG) has said she is on the way out again. Ayten Saridas’ start date was 27 June. The company did not give a reason for her swift exit.
The mining hopeful is developing the Cascabel copper project in Ecuador, but has butted heads with major shareholders BHP (BHP) and Newcrest (AU:NCM) in recent years and seen various management changes, starting with Nick Mather stepping down as chief executive at the start of 2021.
Jason Ward, exploration manager and former director, has also resigned, after moving to Sydney from Ecuador. Director Keith Marshall, who served as interim chief executive when Mather quit, has also quit after 18 months on the board.
Ward and Marshall will remain advisors to the company. “I would like to thank the people of SolGold for a fascinating, if somewhat challenging 18 months,” Marshall said. Turmoil at the top is not new for SolGold, including a head of communications joining the board for just a few months in 2019.
Company chair Liam Twigger thanked the three leavers for “their contribution and commitment”.
If we assume CGP are still onside, then between themselves and NM they could offer a 20% “way in” to any interested 3rd party ….. immediately making them the largest single shareholder …. Or would the asking price be to high?