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Add I understand the point you are making about being in control but do you think by offering up it would attract more people?
I honestly believe if your interested you already know and are probably watching solg closely.
It surely is available to anyone who has the means buy it regardless the stake you hold ?
Smickster, I agree, but if we manage the process it gives us a far greater chance of widening the pool of potential buyers. It is far more difficult to control a situation if you receive an unsolicited bid, particularly if the bidder is the largest shareholder on the register and the world's largest miner.
Indeed we have Smickster, which is why I said earlier that the presence of Norge and BR should give us some comfort. I would add Valuestone to that list.
Add I also believe this is the prime time for Bhp or another major to strike, so think you will get your wish soon enough.
And we have always managed funding in the past and with the likes of Norge and Berry St openly building their stakes why should we not raise again.
Unfortunately I fear the price of the raise won't be the price we all hope it will/should, let's see .
Fame at last...!
If our new ceo is a BHP stooge he has performed a masterclas if hobbling the prospects of a company since day 1.
What has he done to improve our prospects
?
Morning Quady,
Yes I can see from the letter Berry St are upset from the method of funding which would probably see them miss out and nothing else.
I'm not sure where the speculation is coming from but I can guess why.
Add imo by putting the for sale sign up because a shareholder is unhappy would basically be putting it up for peanuts. Let the bhp make an offer and we see where it goes not because Berry St want to kick off....again pffff
Modest, as ever.
Addicknt we are not running out of money.
We are going to raise more.
That's the whole point.
As you know I have never held a top level job, never even been a manager.
But the skill I bring to this forum are my investing skills and my problem solving skills.
Read the letter from Berry Street capital and point out the parts that support what you are saying.
I have given people here a blow by blow account of what the letter says.
I have been factual and accurate.
Oh dear. RK has been of more value to this BB than either of you two goons. BBG, I can’t remember the last thing you called right with this share (have you ever predicted anything correctly, or just spent your time making absurd accusations of people being MMS?) and Z, you should know better given the company you keep over on GGP.
Redknight is one of a handful of posters on this BB of whom I know of their real name and career history.
Smickster, who said anything about selling for peanuts? We should start the process now before we either run out of money, thus putting our backs against the wall, or we sell once we've been diluted even further.
We currently have cash and our negotiating position is okay.
Q, re: Berry Street, you are wrong and I have no idea how you can reach your conclusion. You may be good at interpreting technical data - as you often remind us, but you are not so good when it comes to understanding top level corporate stuff.
Afraid not addickt but I would guess overpriced...who knows...?
Morning smickster on Berry Street capital, their is no indication that they are selling Solgold. In fact the letter says in the past they have increased their position.
It is upset that it hasn't been invited to take part in the latest fund raise. ( That's me reading between the lines ).
People on here are so desperate for a sale, that they are now blatantly making things up.
They should just relax and let the Solgold story play out.
This is a long term investment, it always was and still is.
Addicknt read the berry capital letter.
It says the opposite of what you are saying.
It is upset that the wider ownership of shareholders is not included in the fundraise.
Nothing has failed.
That is their point.
It's the way it's being proposed that they disagree with.
I'd totally disagree with your comment Add.
The door has always been open for a sale at a fair price for all, yet no approach has bee made.
What you are suggesting is we follow Berry St Into selling a tier 1( possibly 2) for peanuts and essentially hand it over to Bhp.
I'd rather go down fighting than give it up and I expect my board to do the same so progress with funding via streaming/royalty is the option for me.
Bhp you want it make an offer, simplz.
Gla
Q, in which case please explain Berry's letter.
I am not saying funding discussions are not ongoing, I'm saying an attempt at so doing failed and Berry's letter proves it. No company likes it to become known a funding attempt has failed and the RNS was an attempt to ameliorate the negative impact - it failed. We have never had anything similar and that on its own should tell you something.
Addicknt I am very good at reading between the lines, and as an ex technical analyst, I understand why as a problem solver you first identify the problem you are trying to solve and not the symptoms.
In your 05.41 post you ask RK why the fund raise failed.
Yet we have zero evidence that a fund raise has even taken place let about failed.
They are in discussion, the RNS clearly states that.
Try reading it.
We have an RNS laying out the direction of the company. You should know by now that RK, tries to stretch points to sound authorative.
Nothing has failed.
As ever Quady, you fail to apply any interpretation of what we are being told.
Why did they produce the RNS? They've never done it before and to say it's unusual is a gross understatement.
Why did Berry Street refer directly to it? They would undoubtedly know far more than you and I.
Why has the FT referred to it?
Why have two people, including someone who occupied a key role, left the company?
Come on Q, wake up and smell the coffee.
Okay addicknt your last comment is just silly.
Where in the RNS does it say we failed on funding.
If you read it, it says the complete opposite.
It says we are looking at options to take Cascabel to DFS including talking about an issue of shares.
It makes it clear that it is not our only option.
Where does it say we failed to raise funds.
Where does any official communication say we failed to raise funds.
Very true and becoming more likely by the day … the chances of BHP being the only game in town are zero
It most certainly is not a "non-story". The company was obliged to issue a highly unusual RNS, which was clearly done in order to calm nerves and deal with market rumours - which were obviously correct.
It is not me and most of the others on here (and Berry Street) who are guilty of confirmation bias.
Addicknt we have not failed to fund raise.
This is about one avenue of funding.
This is a non story.
People on here are just exaggerating this story to confirm their bias.
Let's wait for an official announcement.
It takes just one bid to start the process
schlem, that is the very real danger.
Our board has over-played its hand and has placed itself in a precarious situation, which could easily be exploited. The saving grace is that we have Norges and BR on the register, and I don't see Norges in particular, walking away from this.
The Berry Street letter was spot-on and if the board fail to take note we should join them in agitating for a sale.
RK, did your information source have any idea why the fund raise failed?