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Good to have you back NitPicker99, love your cuttingly blunt way with words. Fort, like myself you obviously see this board for what it has become, which is entertainment the last 10 days or so now positions are taken and its just a question of running down the clock. 7am starts to get interesting from Wednesday onwards next week when we see what happens to the cgp float back in the hands of solg. Jiangxi buy em and the starting gun has sounded and that's odds on as they didn't buy 155 mil only a few short weeks ago for ****5 and giggle5. The hardest thing to do is nothing in this game. Patience. C
Hi Fort - great posts
Why couldn’t someone bid for SOLG now if they wanted too ? Genuine question and I don’t for one minute think they will, especially as it’s so close now - but I did think after the AGM what would stop someone bidding and just make the bid conditional on the merger completing. Mute point I know …but just curious as to what would have prevented it
Think they said late Jan for merger complete - but I did think I saw something on Twitter that mentioned the 27th Jan (I’d have to check back so don’t quote me on that - and being Twitter it could be wrong anyway)
Keeping the tenements and selling off ENSA certainly sounds like a good plan - although maybe the buyer will be driving a hard bargain for the lot - for not a lot more money (if any)
Do like the idea though …wasn’t it ‘The Bozi model’ ?
I think some on here are clearly bored waiting for the court sanction on merger. Anyone across the pond have the court hearing date??
Once ENSA is 100% consolidated under SOLG's roof and merger complete etc, then it gets interesting as SOLG become 'open season' to any predators. No one will make a bid until the merger is finalised.
Personally I think a Chinese ENSA deal or possibly Mitsui is already pen'd awaiting final due diligence warts and all.
It's what they have planned for the other 60 odd licences that we need an update on. Strategic review is not just about selling or doing deals on ENSA. IMHO SOLG's 60 other licence blocks hold far more value in them than Alpala... but will take a few holes and $200m+ before being derisked or ready to be partner or saleable.
I don't think it's in shareholders interests to see a full takeover and wouldn't surprise me one bit if BHP let ENSA go to chinese only then to build a higher stake in SOLG's remaining folio with view to delivery even better assets than Alpala. Chinese are no fools so will want a nice package and not just ENSA imho. That's where it gets interesting. SOLG's folio in Ecuador is the largest in the region. Land and opportunities in Ecuador are not easy to come by and sought after.
All about slicing the cake up and keeping Lasso et al happy.
Can't be long now before merger completes. Poss end of next week?
Thanks Sharketmare - indeed I enjoy your posts also.
Hope our shared investments do well for us both
SOLG will come good I’m sure …but it’s been a long journey …..do think we are at the action end now - fingers crossed
Bubble - have I offended you in some way ?
I’m genuinely not sure what you mean ?
I’ve read you post a couple of times and can’t make head nor tail of what I’m supposed to have done
Or was your post meant for someone else - cross-wires ?
DG
Bubble …. What was demeaning or derogatory?
The filter button is on the top right folks
DG1why don't you admit you our someone who chooses to post deogotory and demeaning posts to others yet post proactive posts you are Indeed a manipulate poster on should post who chooses to post positive and negative posts that indeed give benefit to yoursel only I've got the measure of you can only hope that others do aswell
Anon, in effect the scope of the SR includes the possibility of a sale. In other words it has been announced.
The fact nothing appears to be happening is that there are now official channels through which all interests will be registered, whatever the proposition, and our advisors will be keeping a tight lid on it.
DG1, always enjoyed your posts across a few different shares we are both invested in. I have no reason to disbelieve your claims to have spoken to members of the SOLG and CGP teams over the years. It's clear as day what the plan is here, it's now up for the new directors and their advisors to deliver it.
DG …. Totally agree… watch the volume
I hear you Anon - and I guess I really shouldn’t push the ‘it’s gonna be sold’ message - as the fact is all I know is what I’ve been told - they are pushing for a sale.
I guess one could argue they have been pushing for a sale all along …but it hasn’t materialised
I guess the difference now is CGP merger brings it all under one roof - so I guess easier for a bid
Also Bob Sangha - M&A specialist
Also Jiangxi coming on board and the speculation over if they have taken a strategic stake or an investment - nobody on the outside knows this for sure
Also it’s quite right that it could be a bid will come quickly after merger complete or maybe it’s mths and mths away if ever …..on this board we’d just all be speculating
If CGP / SOLG shares get sold to Jiangxi that will be the firing gun in my mind - levels the playing field in terms of equal sized shareholding - also we have no immediate need to sell them to Jiangxi from a funds being short point of view - which also makes me think if they do get sold they’d be at a premium
Any large uptick in open market buys - and I mean consistent big million + chunks being bought would also be an indicator pre-bid as the known bidder could buy under the bid price knowing that everything they accumulate will be cheapies
So as always we just have to wait and see
But do get your point on the Heresy …..cabbages and rotten tomatoes thrown in the direction of any doubters :-)
But that's only if they choose that imho
Yes dbw 3 weeks I had down on that
Insulting sorry typo
So apols typo
I’d say weeks/ a month or 2
ATB
Sio you call me with deogotory and demeaning an insinuating comments yet you post positive posts regarding positive comments you are indeed a deogotory and demeaning poster that I will report to the FCA .
Dbw, I'll be perfectly happy with that :-)
And then wondering whether to stay with newco or take the money and run lol.
But that's for another day (or year) :-)
Anon
One day news will land and we’ll all know where we stand …. At that point it’ll be too late for any further speculation
I don't doubt some are pushing for a sale.
But until someone bids (and I don't believe for one minute anyone is going to, imminently), the only other way to get a sale is to publicly announce it officially.
Which leads me to wonder why they haven't done so.
If there's such urgency, what's stopping them?
Unless the reality is that there is no urgency.
I'm not here for a row, but I have to agree with Quady and others.
Until something different happens, the official agenda is that we go to production.
It really doesn't matter what any of us think.
That is the only true fact that is the company line.
We can by all means summise that it's rubbish, but it is what it is and I see nothing to make me think a bid or a declaration of sale is in the offing.
It's just my opinion and I don't understand why some are so quick to shout it down myself (not your good self).
It's almost like heresy to say you don't think it's up for sale and actually quite funny to see how some can bite.
Ah well, we live in hope, eh?
BHP - a smidge away from 10yr high SP - 250b
Jiangxi - at 65b
I’d hazard a guess if these guys want it it’s theirs for the taking
Chinese will pay anything if they want it enough - BHP want it but will they pay a premium is anyones guess
But let’s not discount the Japanese as an outside bet
Anon
I don’t follow the board close enough to know if you fall into the sale or production or even what you view is but to say it’s in everyone’s head (that a sale is close) is categorically not true.
This is FACT
CGP are in the driving seat to broker a sale
CGP have publicly stated they want it sold
I have personally spoken to a member inside the CGP team who has said that a sale is the aim
I’m aware of other PI’s on this board and on other forms of social media who have had contact with members new and old of the SOLG team who have indicated that it’s a sale now they are all pulling towards (obviously I can’t state that as fact as it’s what I have been told rather than my own comms) - but I believe them as credible and upstanding
So it doesn’t just reside in peoples heads - some are very much in the know of what is being sought here
That’s not a gaurantee of if it will happen - nobody can gaurantee that until it’s signed and delivered
But make no mistake - the company is positing for a sale
I’d add I’ve yet to have it confirmed by anyone if that will be a complete or partial sale ….probably as things are not known or indeed it’s watertight from inside in that respect
You can choose to believe me - or indeed choose to not believe me - quite understandable on this board
But remember this - I’ve posted on here for maybe 7 yrs + , I have never insulted anyone, never posted untruths, never been spiteful or stooped to any form of games, I’ve always spoken honestly and to the best of my knowledge
It’s up to everyone to make up their own mind
But mine is set - the team are going for a sale
And as Bob said in his open letter - he’s bringing it to an end hard and fast (or words very similar)
maybe just about this year lol.
It doesn't really matter.
A bid comes tomorrow, us holders win.
A bid comes in the next 12-18 months, us LTH's win.
And I'm in that latter camp and still accumulating :-)
I don't blame you for loading up.
I keep adding too, when I think the price is right.
No rush at all though, imo.