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A corporate financiers wet dream. The messier, the better...provided they win, of course.
I'm still having to pinch myself at the speed of change here. Even when the merger was announced I didn't see how this would unfold and I most certainly didn't see DC's departure. It's really difficult to believe how CGP have gone from being a small shareholder to running the show, particularly bearing in mind the history. Quite extraordinary. A reverse takeover by stealth...a brilliant piece of corporate manoeurvering.
Addicknt: re speed of change
Completely agree mate and to be honest I suspect there is more in the pipeline ... IMO it alleviates some of the concern and talk around the 'bluster' over the last few days.
Makes it even more clear that Maxit comments were just bluster. All this talk of big action, realising value for all shareholders, and we've just sold at 16p for non-Cascabel cash to keep the lights on.
Wouldn't have been possible without NM's buy in. I was very surprised, real game changer.
Yes very interesting indeed ...
Addicknt and the best it yet to come imho
@StackHigh You may be right, but seems a short sighted perspective IMO... none of us know what is going on but Warren Irwin seems to imply with his quote "I don’t think you understand what is going on at SolGold." that more is to come.
https://twitter.com/bigdude6669/status/1595074441696153602
This funding is not to keep the lights on, we don't need that money now for some time to come, I prefer to think that it part of a well planned and hopefully advanced strategy to get more value for us shareholders. As someone else pointed out, it might be to 'buy-back' the SOLG shares that Cornerstone hold, hence reducing dilution, so that when a much bigger offer (possibly or probably comes) you get more back overall.
In my head this is the start of the beating up of BHP as promised
Punch 1) royalty deal
Punch 2) giving the Chinese more of the pie
More to come……. Interesting
Rest assured bhp/ncm will not be bullied by little solg..
Ray …. With regards to Solgold BHP will most certainly be on the back foot now
Broke: that's an interesting take. Do you admit that one of the fighters in your analogy is the heavyweight champion of the world (largest MCap) and on is an unproven fighter who, in the build up to the right, showed promise with one big punch and a few little ones? In other words, BHP still won't be forced into a bid, no matter how much people here hope for it.
We don't generate revenue, so royalty deals and sales like this are to generate cash. For the running of the business. Otherwise we fold. That bit is simple- we always need cash, right up until the day a smelter pays us for some gold or copper.
Stack …. Just say the Chinese or another weighed in with a 40p bid and somehow it was recommended…. You say BHP would simply walk away ?
Not a chance imho these resources are very few and far between
Stackhigh
Keep trying, you're wrong again but I'll give you something... you certainly believe in your own words even though they are unfounded and baseless.
"just say...". I'm not saying that will happen. I'm saying it still won't, despite years of giddy posting here.
And fort, your talk of a sale is grounded in hard facts?! Very funny. "Irwin says this" and "Maxit say this" and "I think this". And still we don't sell.
Stack you may or may not have noticed but things have started moving very quickly
Hello Broke, long time no speak.
I think you are right.
It's all about fighting the big boys off from getting us on the cheap.
I reckon it's why they are asking all PIs to back them, particularly the right to issue that extra load of shares.
I think they'll use them as a tool to threaten dilution.
It's a clever ploy and for the first time ever, I'll be voting for a company's resolutions.
Every little counts!
I’m not entirely sure BHP wouldn’t walk away if the Chinese bid 40p. I could see that.. I don’t care as someone gets this price to 40 or over.
They are moving quickly. Announcement of the completely standard AGM. Further sale of shares at rock -bottom prices for temporary cash. A man in canada swearing a bit.
But no sale, and nothing to suggest BHP will be forced to act. They will be frustrated by how badly run their small investment is, but not prompted to act before 2023 AGM, as I've maintained. So the people who continue to be wrong each day are those who shout into this echo chamber that we will sell soon.
We won't.
Stack, it seems Bhp is an ageing fighter and we are no longer looking for a showdown with them.
Another words, do one Bhp.
BHP's Attributable profit for the financial year ending 30/JUN/2022 was US$31 Billion = £500million per week. They can put up or shut up. Don't low ball us or play hard-ball, or else the Chinese will have this. BHP can afford us. 17p is a joke. Corporate w a n k e r s
Stackhigh,
You or I or anyone out there has limited information. That's why I'm saying you are wrong and you are saying I'm wrong etc. That's fine. That's good discussion. But you are no closer to the truth than I it would seem.
You talk of no sale happening but have no evidence to support that. There is an ongoing strategic review that may or may not result in a sale or asset jv or some kind of monetisation. You have said that this is NOT going to happen before Dec 23 ye.
I'm saying there will be a monetisation transaction.
You have said that there might be a small transaction but nothing major. So we will have to wait and see who's right won't we??
Fort, without wanting to get overly philosophical, the burden of proof is not on the person who says there is no sale happening. Just as the burden of proof isn't on the person who claims god does not exist.
If you claim something exists or is in the process of happening, the burden of proof lies with you. Not the person claiming the contrary.
Sharketmare,
I think it best we just await the strategic review and then decide what their plans are from there.
'Time' is the judge and jury here... StackHigh has said no monetisation transaction of note before Dec 23 end. So until we get to that date is not correct with his outlook.
Happy with that?