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Fort …. I’d say you are right but merger been in the making for way longer than 6 months …. Irwin went quiet about a year ago as well
I think the reality is, Maxit and their buddies have inside knowledge and have done so (apparently) since July when CGP and SOLG apparently agreed to Merge. Have a look at the sp back in July and then watch the fall from there on. Markets were flapping with inflation concerns too so not all driven by sellers.
But pretty clear to me that some knew what was being planned long ago and sold in the summer or shorted. Now with sp seemingly being controlled sub 19p, they can mop up loose stock or just place another 5% with someone at 17p and take 50m shares+ in next round. I doubt you'll see Maxits name on it though.... probably got to XIB or some new entity.
I said a while ago that 'nests will be feathered' ahead of a sale. When you have money men involved in selling an asset or company and a market that quite frankly doesn't believe they can do it.... it presents opportunities that are just too good to miss for those in the know.
I'm still scratching my head on how SOLG's leading advisor 'Maxit' can openly buy stock and sort a royalty deal that rewards them nicely.
Can't see Citi group acting like that can you?
So you remember the stuff about the 0.5% short yesterday?
It was actually 12.38 million shares, shorted by XIB Asset Management (a 'merger-arbitrageur')
I was idly perusing yesterday's trades on TMX...110,000 SOLG shares were 'bought' by 'Haywood Securities', almost all at 29c (i.e. 17.98)...and guess what? Haywood's address is...yes...181 Bay Street Toronto, samed address as XIB Asset Management...so were they closing their short?
Up she goes following tree shake
You-Know-Who, he who must not be named.
And guess who that someone was...?
Jezzoo, someone has been trying to disrupt the board today. Admin cleared up those messages rather quickly. Only thing left are these kind of messages.
pactrol,
I must have missed Bhp's recent actions... can you point me to the bit where they say they don't want SOLG or Alpala. Thanks.
I've seen a couple of posts like this today ?
Are you kidding SEAV...?
Worst possible scenario...
Anyhow the Chinese do joint ventures with other Chinese partners...
What we need is a bidding war to maximally monetise the assets
Ass hole.
Your comment Assume BHP want it. from their recent actions that doesn't appear to be the case
That BHP and NCM, could join forces with XJ and all 3 partners take over cascabel at an acceptable price? Surely a better outcome than the parties fighting over the asset, and we finally get closure?
When tree shake is over price should be walked up again this afternoon
Q, you asked why would Solgold do the Osisko deal if there was to be a sale. Maybe because Osisko are part of the sale solution? Just a thought.
As to the concept non-dilutive funding. All funding is dilutive one way or another.
Price being taken down by small AT trades...not on any volume but stock not being released by holders
My vote is also casted and share your opinion that this will be an important one.
I am hoping these shenanigans are soon over and we either have our pay day or a nice and steady continuous rise of the share price.
anon, I doubt if BHP knew about it. Once upon a time they may have been consulted, but not nowadays. I'd be surprised if there was much, if any, dialogue between the two parties.
rcgl, agreed.
You didn't answer my question, why did BHP tolerate allowing Solgold to sell 180m shares to XiangJi, you say that XiangJi will want to add more and potentially bid for solgold but BHP won't tolerate this, surely it would have been better and maybe cheaper for BHP to just bid for the whole company before XiangJi bought their 6%, you say you're joining the dots but these dots and not joining up along with a few other things>
Puzzling Bogota...maybe it will show up afterhours...has happened a lot recently...
Add, exactly, but they will need to be bought out so they will still profit. What I meant was it's not like Osisko gives Solg $50m and only gets paid if Solg themselves take Cascabel to production, but otherwise walk away with nothing. Therefore it should not be seen as confirmation that Solg will take Cascabel to production.
I have a significant holding with HSBC Invest Direct and have notified them of my voting intentions
I also hold 10K of shares in certificated form and have heard nothing from the registrars enclosing details of the AGM and voting forms. There may be others like me who will be excluded from voting.
Anon …. Not praying for anything…. Just joining the dots
RK trade showed up on advfn Level 2