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Cant believe that I am about to say this, but Quady I agree with you!
That RK post is one of his more daft ideas. To think that NC are giving much consideration to its stake in Solgold is quite preposterous. They have given no clue that they are thinking about a poison pill, but a lot of clues about getting NM to just upping the bid a bit and they will go quietly. Its a very strange attitude by NC but when you have so little support from your institutional investors, you really dont have much future. They are definitely sellers of assets, not buyers.
There is a lot more chance of NC selling its stake to BHP and they launch a bid, though I wouldnt rate that highly either. IMO!
Shorters will be scrambling to close :-)
Squabbles aside the SP is bouncing today, which is nice to see! Decks cleared, onwards and upwards!
Interesting faces laughing hard translate into question marks on here. Pity.
RK, stick with the kiddies fiction!
Suits you better!
Please Jezzoo let me answer Redknights question once I stop laughing. ????????????????.
Okay here goes. No I have no related experience, but if you say you do I don't believe you.
You don't carry out a poison pill defense by bidding for a company that has no revenue, no means of generating revenue in the near future and where there is no interest in a rival bid.
But I left the funniest bit till last.
NCM bids for a company that it has 10% in which is a minnow of a company compared to NCM and suddenly their share price increases to stop a takeover.
Sorry Redknight you may have convinced some on here that you have had this illustrious career on here.
But thinking like that would get you sacked even if you were CEO of the burger van sitting outside a pub on a cold wet Friday night.
So Jezzoo...please share with us your experience of using a poison pill bid defence...or any bid defence for that matter...?
I've worked with both J P Morgan and Goildman Sachs on bid defence...at companies worth up to £850 million...
I apologise if you have rich experience in this area and will gladly defer to anyone les on this Board who does...
Cheers
At this stage in proceedings it's whatever gets you through the day I suppose.
Maybe day dreaming helps.
Great Redknight a real deluded fantasy.
Why on earth would NCM bid for Solgold.
That's the most ridiculous post you have ever made and believe me that is really saying something.
https://www.reuters.com/markets/deals/australias-newcrest-rejects-169-bln-bid-newmont-2023-02-15/
So heres a scenario...
NCM bids for Solgold...the share price soars, as investors anticipate a battle with Jiangxi, BHP (and others...)
So at the worst the price rises above 35p and NCM can at least get its money back...money that could be useful in defending itself against an unwanted bid, or...
The concept of the 'poison pill' defence is that the targeted company buys another company that the predator does not necessarily wish to own...
It also makes the target company significantly bigger, thereby inflating the potential cost to the predator.
Beneficial outcomes for NCM...?
1 It wards off unwanted interest from Newmont or
2 It fordces them to pay a much higher price (after all the Board is supposed to look after its shareholdewr interests...?)
£ It succeeds in acquiring Solgold, which surely was the whole point of taking a stake in the first place...remember they were in there first...
$ Or at the very least, another bidder is successful at a price very much higher than NCM paid for their stake...after all they decided 2 years ago to retain that stake as a 'strategic investment'...
Red,Alot Of Trade There Wouldnt Want To Miss Out
Looks like it Bubbles - investment conferences coming up too
AAC,that's fine no worries
Morning DinnerMoney, I would say that the perfect time to explain to the market is the day after the merger, allowing for an update the day after the strategic review.
Pretty harsh AgArCu...
"The United States and Ecuador had total two-way goods trade of $13.17 billion in 2021"
https://www.reuters.com/world/americas/us-ecuador-agree-establish-fair-trade-working-group-2022-11-01/
"According to Chinese statistics, in 2022, bilateral trade between China and Ecuador reached US$13.08 billion"
(From the Silk Road article below...)
"“While the Biden administration continues to assert that the US is the ‘partner of choice’ for Ecuador and other Latin American countries, governments and civil society in the region bemoan the lack of American-led, and other Western alternatives, to the Chinese Communist Party’s (CCP) current and future investments,”
“I urge you to work with the Ecuadorian government to identify strategic sectors of the Ecuadorian economy, such as telecommunications, infrastructure, energy, and MINING, so that Ecuador has options, other than CCP-backed entities, for investment in these areas.”
https://www.aljazeera.com/news/2022/12/19/us-seeks-to-bolster-ecuador-ties-as-china-expands-regional-role
"Notwithstanding the lack of progress of trade, the U.S.-Ecuador relationship has significantly expanded
since 2017. Much of this cooperation has been on the condition that Ecuador limit its ties with China. "
https://theglobalamericans.org/wp-content/uploads/2022/11/Ecuador-and-the-US-China-Relationship.pdf
And theres plenty more...
Agreed DM was thinking the same especially with the merger due to complete in the week prior to PDAC
I think calling it a 'thought' is generous. No thinking went on there.
Just a thought that's all ,the world is forever changing you know
Culturally not on their doorstep at all. Are you suggesting that the Biden administration would seek to politically frustrate a private TO bid from a foreign pseudo state-owned company in a third party foreign jurisdictions? I realise you want to hype this, bubble, but even by the standards of this board that is ridiculous.
Just engage brain a second- how would 'the Yanks' prevent a Chinese lead takeover of Solgold or purchase of Cascabel?
Botoga,would the yanks want this to go to the Chinese when it's on their doorstep ?,watch this space!!
Bozi, I agree with all of that.
Add - I will.
But as soon as merger completes I want company strategy both published and executed in a significant way.
I also want comms with shareholders and the market to be appropriate and of high quality.
Finally I want SolGold to take every opportunity to get back out there, fully explain to the market why they are taking the decisions they are, the upside to the merger, etc.
We've (all) become very polarised in our SOLG opinions insofar as bid vs spin out vs JV vs production. For me, I want it said that if SOLG doesn't deliver in a way the majority are looking for in 2023 then it doesn't lack for effort and application.
To add a few at this level, imo bring down my average quite significantly
GLA LTH just got to have plenty of patience
It's ADVFN that's down...
Is it in auction at the open?