Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Pathetic, hope someone breaks your nose you insignificant twat
Advfn feed
09:31:09 was time trade was marked
Bogotá
Can’t see this 4m trade yet …. Not normal feed
May show up late
Nice Pinot …. Everyone should do the same
Morning all....just completed my vote for the AGM. I have voted all resolutions i think this may be an important one and if i've voted it gives me every right to moan.
Pinot
:0)
Q, a few days ago I asked you to explain why you thought a jv was the way to go, but didn't get a reply. I wasn't interested in how it may happen, but specifically what the financial implications would look like i.e the value of the project and our share of it. And also how this would provide shareholders with the realisation of value which has been promised by our new management.
I note you are still referring to 'non-dilutive fund raising' - I assume you mean more royalty deals. Can you explain why a jv partner, who will most definitely be a global major, would accept royalty funding which gives away their revenue? Or are you suggesting we'd be happy to give a royalty on our minority stake, thus reducing even further the value to our shareholders? Of course, this implies a royalty funder would be happy to back a minority holder which, given the fact we'd have no control, strikes me as unlikely.
Seen an update from DBW on another BB...more detail later...
Obviously reduced proportional holdings for BHP/NCM to c12.5%
Jiangxi 6.26
Norges and Blackrock sub 3%
Scott Caldwell 18.6 million
Total 'over 3% 'friendlies' c33% including Valuestone and Berry Street
BHP/NCM 25%
Still time to vote to support the Resolutions
Bozi - his last couple of posts had led me to the same conclusion. Subtle trolling at its most blatant.
Solgold XIB Asset Management appears here as an individual fund bc over the 0.5 % UK threshold to report. Note I believe there is an offset long in CGP shares for the merger arbitrage. Last time I saw aggregate shorts= 4.5% and think a large part is arb
apart from my theory Jiangxi will buy CGP’s SOLG stake which was said to raise >$30mn in the form of a loan to SOLG, I am sure Maxit knows Jiangxi’s block trade price, AND J will probably top up in the open marketPlausible J goes to <30% in SOLG
in my eyes Juangxi will have a red carpet rolled out. Plus I insist in my speculation they will have CGP’s Solgold stake
Solgold shareholders who are diluted 7.3 % should buy stock to top up to keep stake intact by the same percentage. Stating the obvious. Trading a similar price as Jiangxi, Maxit and insiders price. Any index tracking fund -albeit small- will buy shares on admission date
#Solgold has 17 tradings days until the CGP merger vote, and in their filings it was clearly stated that CGP’s stake in $SOLG would be placed ahead of the merger. Jiangxi is happy with Solgold and Newco after Due dil. CGP is happy with $SOLG shares and so is Maxit
Solgold next step is to sell CGP’s $SOLG stake to Jiangxi post + due diligence So they go to +13 %. Hence why Maxit picks up stock as BHP and NCM left out. Specially post Maxit telling them to fk off. Jiangxi on the CGP print will create the price tension
We will see the financing runway cleared until almost 2024. I also still see the shares trade substantially above here > 30 p Likely trades eventually at a 30 % discount to NAV on this basis in the absence of a bid.
Anyone want to call 1981investor out as StackHigh yet...?
Quady, it simply isn't. Please stick to the facts. The bullet points that fall under the strategic review can be read in the RNS here. There no mention of hydroelectric bloody power. That comes under the section entitled "Project Advancement and Exploration".
http://ir.q4europe.com/Tools/newsArticleHTML.aspx?solutionID=3676&customerKey=Solgold&storyID=15619576
I would also note the incredibly wooly language used to describe these options. We are "rigorously reviewing all opportunities" and "investigating an expanded list of optimisation opportunities". This could be nothing more than sitting in a room and compiling the list of bullets that sit in the RNS. And most probably is.
I get the impression that not many on here have read through the CGP Circular, which, although it contains all the endlessly dull regulatory stuff, has some good info.
But the most important thing is the message and tone.
In effect, what it's saying is this: ' Despite Solg's previous hostile approach, we now agree that we are better together. We've had a consistent view of what should happen here and have managed to, in effect, construct a reverse takeover and we are now in the driving seat. Our opinion has always been that an exit is the way to create shareholder value and now we're in control, we intend to deliver it. Shareholders, this is an excellent deal for us and we urge you to accept it'.
Of course, I'm paraphrasing, but this is the message loud and clear.
Quady - that is not an answer.
Anyone can repeat the same 10 lines ad verbatim.
It wasn't really what I was looking for I'm afraid.
https://twitter.com/solgold_plc/status/1602939728642600961?s=61&t=qBGJNjo2tpTvJqIkiD5Qjw
Sorry for all the questions but was the share price when BHP tried to buy the company?
4 mln trade at 17.66
BHP made a bid and as a consolation prize were allowed to buy shares at 45p...
Hubrishunter
@hubrishunter
·
Dec 12
@bigdude6669
so you were not offered Solgold new shares? How come Maxit took 23 mn shares? And they have the $SOLG stake in addition via CGP. Hope you are vocal you never got a call. What is your theory? Maxit indirectly will lose SOLG stake and now this?
Reply
I think Bob Sangha at Maxit is putting his money where his mouth is. For me, I will own enough SolGold shares once my Cornerstone shares get converted, so not at all fussed that Maxit stepped up. Shows his confidence in the future of SolGold.
ow, this is a positive change!!! Berry Street Capital says "the Board now appears to be making decisions that are in the best interest of the Company and its shareholders."
It is good to see a third party indicate that they like what they see going on. I agree with their assessment, SolGold has really started to do some good things. Market doesn't seem to care at present though.
Bigger holders than them in SolGold, they won't be driving the pricing bus.
Thank you REDKnight for your indepth reply. The one part of this that i have worry about is the time now I have been in shares before where people have said that a sale will happen soon and it has been years or has never happened. Most people here seem very sure that there will be a sell soon so i hope they are right and it does not take over a year. I cannot see a bid for this company in the past has anyone ever tried to buy the whole thing? I wonder this because it seems to have been many years since the good drill results showed that there is lots of resources in the ground do you think they were waiting for a low share price so they can get it for 25p?
Good morning Bozi, I have answered those questions many times.
We get minimal dilution.
Most funded from offtake and debt and expertise bought in.
With a JV even cheaper.
Quady - excuse me but you're in no position to demand factual information.
I put the pitfalls of a construction and production strategy to you last week and got back nothing of any substance.
You may want to answer that question first.
I'm also seeing a fortune teller this week so will be able to disclose the exact takeover date shortly.
I've just flipped a coin, heads Takeover and Tails production.....
It was heads so we are definitely on for a takeover.
I rest my case.
“Everyone can see that's an option to production”
No that’s your opinion…. Might just be a small thank you for taking the reins prior to T/O