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Either can happen any day now
Yep, even Needy can't justify posting nonsense every half hour any more... one post a day seems to suffice now ! ahhh don't you just love them 😘
BBG, as I'm a bit cynical.. I'm expecting some director share bonus awards to arrive first befoee any major event. Would be refreshing change to see it the other way around though.
Apparently the algo bot machine is missing it's fuse this morning. Did someone break into China town blue dragon and nick it and some soya sauce?
It doesn't need to be hostile. It'll be an agreed deal.
The question is, how low can they get that deal away?
Bouncing around 5-8p suggests they are looking at an agreed deal of 20-30p. Do we think that's possible to get through?
Add …. Won’t it need 75% approval?
Smickster...pleased allay your worst fears...
There is NO WAY the Board, Nick or Bob will agree a deal at 25/30p...
And this will be a takeover battle...trust me...like noront...17c to 105c in 8 months...
Hi Red I accept your view and it's one that I've long held hence my investment here.
But is it not always good to look at the worst case scenario?
We know there are big investors with averages from let's say from 15-30p. But if somehow these ii were tied or let's say leaning towards a couple of the big boys bhp/newmont how could that affect us.
Like add points out do we need a vote and do we still have the controlling hand?
Cgp want out and looks as if NM has left this in their hands.
In my opinion it's what those groups thrash out between them what matters and we will have to accept?
"Schlem, yes. It says we've been sold for £3.45 per share."
For that price, I'd carry Scott's golf clubs Add😆
DBW, theoretically only 51% is required. 75% is required to de-list and 90% to exercise drag-along rights i.e compulsory sale.
Is 51% achievable? Definitely. Would a buyer be willing to accept that? Probably not. Is 75% achievable? Almost certainly -provided the offer offers good value.
I can easily see a situation where a jv ends up buying us. For example, Barrick or Newmont for the gold and BHP or the Chinese for the copper.
Eloro, ha! I'd give him my wife, although if he asked kindly he could get her for free.
I'd give him your wife too.
Thanks Kat. You've obviously met her.
Add, I do hope that your good lady don't read this BB, otherwise its the sofa for you tonight 😉
The share price should reflect the asset value or bid when it comes. It doesn't matter too much how they try and hold it, but there is one benefit in that the longer they keep it sub 10p, the more shareholders (new and old) buy in and as such many will be happy with a 2 or 3 bagger. Some happy with just 50%.
So if a low ball arrives somewhere near 25p... it tests the shareholder base a little more than it would before simply because you have newbies in at 6p or 7p all nodding away to 25p bids.
At end of the day, what matters most is what Maxit, Mather, Irwin, BHP and NNM want. These guys hold almost 50% or over.
So it makes you wonder why the controller is trying so hard when inreality... the big players won't take low balls ... end of.
Eloro, I live in hope.
Surely not Add!
We just had our 14th wedding anniversary, 3 kids later, and we are still finding new ways to motivate each other to borrow a phrase from Lord Vader 😆
If we have X number of interested parties/expression of interest, shouldn't the company have alerted us via an rns?
Come on add, who’s going to cook, clean, change the bedding, fetch your beers and do the shopping if not a good lady?!
Fort, the critical thing is that BHP and Newmont cannot block a transaction, particularly as there's no guarantee they'd work together.
Eloro, I met my missus on 29th Feb 48 years ago. Thankfully, being a leap year we only celebrate once every four years. We don't bother celebrating our actual wedding day.
'84, easy. I've got 14 Latvian beauties living in the shed.
48 years! Almost two life sentences
Addi- Solgold will force an offer as they will include to 'hello/goodbye' fees in return for a trap door which will allow Solgold to exit any agreed arrangement on the basis a a superior offer is received.
Those wanting greater insight to Solgold's current situation should read the The Big Score (Page 257 onwards).
Friedlands Diamond Fields was being pursued by several groups - their main project being Voisey Bay was too big for Robert.
Friedland's ambition was to create an auction however he needed to force hands.
Inco, the stronger hand, tabled an offer which was subject to lock-ins, which mean't Friedland could not entertain competing bids. Inco did not want an auction. Friedland disagreed.
Friedland used Falconbridge, Inco's smaller competitor, as its stalking horse to push Inco into forcing a big bid. Falconbridge agreed to table a bid based on the proviso Friedland accepted their offer, and included a hello and goodbye fees ($100m back in 1996) which the bill would be paid by any superior bid/suitor wishing to acquire the company.
Falconbridge was happy to table the bid knowing that if they lost out in the end, they had comfort knowing their had made their biggest competitor pay more for Friedlands company.
It would seem Solgold is using Jiangxi as its stalking horse to force BHP's hand, just like Robert did too Inco.
Time will tell.
Also quite interesting was that Friedland made himself very hard for Inco to track down and or communicate with. He literally went missing for several weeks to allow Falconbridge to prepare and table their bid.
Scott seems to be missing at the moment. No events, No interviews. Geez there must be alot happening in the background
Erm, Scott gone missing? He was at PDAC last week. Mind you, I agree that he must be very busy.
BBG, hardly missing? Wasn't he signing a historic deal with Ecuador for $3.2bln investment protection at PDAC couple of weeks ago???
He's an ops man not a CEO... so I doubt he likes the public facing stuff at all. I can't knock him for getting on with the job but he's not a CEO and he's not doing a CEO job. He's doing an operations role.
Bob couldn't get a proper CEO in as whoever it was would just leave as soon as they found out that Maxit were running the show.
We'll get across the line soon but not because of Scott and co... simply because of the amazing resosurces that Alpala holds. Too much gold, silver and copper to be ignored.