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DBW read your posts about me they are either insulting or snide.
Yes I will defend against people like you and Slug.
Good morning Orthern .
It's not so much no one is paying attention, but we are waiting for the direction of travel.
All that has happened is we now have 100% of ENSA which makes raising funds easier.
You can’t actually post without being rude can you?
Tourette’s?
On the day the merger should be confirmed, the volume is still terrible… i did expect it to have ticked up with at least a little market excitement due to what it could all mean…. But nope….
It does seem like only the handful of people here on this board are following events… the markets and wider industry have lost all interest in the Solgold story… almost certainly due to the management. Sad.
DBW I have only had a go at people who have insulted me, never for a difference of opinion.
Again you are a snide.
If no wrong,Maxit Capital bought shares here, SP should move up
Copperpot
Everyone is entitled to change their mind, but if you’ve spent the last few years calling people “thick” and “stupid” for suggesting this may not go to production (you know who I mean) then at some point you have to take your medicine… fair?
Good balanced board copperpot ,that's the best board you can have imho ,agree some go too far but that's just opinions like us our main objective is to be rewareded here soon I hope!!:):)
Addicknt, there's nothing to say really. It's just a case of waiting for the announcement. And for the record....I don't mean the SR, which is being conducted by the way!
You like to be in the middle of the dog pack....I'll leave you to it!
Morning Mr Bubble, this board reminds me of a pack of dogs hunting down a fox. They just can't get off the scent!
Are these posters saying that you can't change your thought process from time to time without being hounded???? They can't wait to pounce, very sad way to conduct your life!
Boring and bullying are totally different things.
Copper, no one has suggested that opinions can't change, but explanation is helpful. And there's nothing 'childish' about it. Maybe one day you'll have something interesting to say, rather than your usual posts which critisise people for using these boards for what they are meant for.
Copperpot be a bit boring otherwise imho
redknight I highly doubt it, there is more integrity found in a barrel of snakes. Pretty much everything Quady has stated about the state and future of this company (the "most likely outcome") has been total rubbish. That everything is fine with comms and management, that we'll build Alpala alone with minimal dilution, that we're progressing towards DFS etc. etc. The latest is clutching at the straws of a JV so he can try and save face, hopefully not long to go before we can consign that one to the dustbin too.
People are allowed to have differing views.
People are allowed to alter that view if they so wish.
Stop being so childish and pedantic. Its a bulletin board ffs.....not a board meeting.
Quady moving his position from definitely production to definitely JV....?
How on earth does that produce maximum value for shareholders...?
Only one more step to go now Q...
NO strategic view announcement and DEFFO takeover bid(s)...
You know it makes sense...and a quick fortune for you after 10 years patient waiting...
And will you finally admit you're wrong when the first bid comes...?
copper, this is not 'one upmanship', it's a rational debate about the situation with shareholders expressing their own views, which, as far as I am aware, is what these chat boards are all about.
Jaysus Christ, give the childish oneupmanship a break lads.....it's fecking tiresome! Get a hobby or something ffs.
Addicknt point one is irrelevant.
You know the PFS has been known about for ages.
A bid could have been made and due diligence applied.
Point one makes no sense at all.
Okay, so you now recognise we cannot do this on out own, so that option can be dismissed, and you now say you don't want a jv. Erm...what does that leave us with?
Re: ENSA. Please see my point number 1.
Jezzoo a JV would not be bad.
We would have a proportion of our construction costs, plus cash from the JV.
Also we may have some offtake thrown in at the same time.
Meaning very little dilution with a mine in production producing a huge amount of profit.
On point six I have considered that.
I repeat I post the most likely outcome not what I want.
Someone could have easily brought ENSA years ago.
All they had to do was simultaneously get an agreed bid for Solgolds 85% and CGP'S 15%.
It was never done for all reasons I have suggested.
Today it's harder to make a bid not easier.
Q.
1) It hasn't already been sold for the simple reason that until recently no one had a clear picture of what Cascabel actually contained. In other words, they need proof.
2) I understand the diverse 'book' perfectly well. I also know that every takeover, whether hostile or not, faces the same picture. Our register is not unique.
3) I agree with your point about the balance of our portfolio, which is why a deal is likely to focus only on ENSA,
4) We do not know what either our board or potential buyers think it's worth. Therefore the question of 'fair value' is unanswerable.
5) The sale of ENSA will be an agreed deal...as I've maintained for a very long time. Therefore your point is not relevant.
6) Your reference to a jv being 'the cheapest for the company interested in Alpala', unwittingly hits the nail on the head. It's the cheapest for the bidder i.e it's no good for us. Perhaps you hadn't considered that?
If we get JV'd we might as well forget about our investment here, we would never get it back, not this decade at least anyway.
Okay addicknt ask yourself a question.
Why is it that most people on here have been saying we will be sold for years and it has never happened.
I know you don't understand the diverse book, but along with our defence, that is the main reason.
Today the book is more diverse and so harder for a bid to succeed.
So what's left.
Will someone overpay to get Cascabel and a load of tenements they don't want.
Of course not.
Will someone offer fair value. Really unlikely as what they consider fair value will not be what major partners in Solgold consider fair value.
So the question remains.
How does someone get ENSA and the wider Alpala concession. Without bidding.
Answer is they JV with us.
It seems the most likely outcome and the cheapest for the company interested in Alpala.
What's more it makes the strategic review sensible.
Q, how do you know it's the most likely outcome? Everything we've heard suggests otherwise. Sangha, CGP and DGR have made it pretty clear haven't they? And let's not forget Mather always maintained he'd never get involved in one.
As I said earlier, a jv is a possibility ( no more than that) but I simply cannot see how it would deliver what they want. In fact, no one on here has outlined a compelling argument for the benefits of a jv...mainly because there are none.
So, far from being the 'most likely outcome', I see it almost as being a complete non-starter.