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mismanagement effect. shame.
Sorry 300
That's still 400% premium. Would we need a bidding war for that? I suspect yes
From current SP level
2 bagger - 34p
3 bagger - 51p
4 bagger - 68p
5 bagger - 85p
6 bagger - 102p
So if he’s distancing himself from top end of the above range maybe 68p is more realistic in his mind?
No chance. If Hannam say 85p, Dazza said 78p, we've got to be in this ballpark given the widely reported structural deficit of copper on the horizon. I'd happily part with my holding for this kind of return too. Not long SOLGers! C
seems he is looking at less. 600% from here is way out of expectations, so may be he is looking at the 40s.
Monte... Trump?
TSX SOLG up 5%
Irwin now dampening expectations while simultaneously saying a couple of days ago we will get fair value . Does this suggest a figure of around 75p will be the agreed price for a sale ?
https://twitter.com/bigdude6669/status/1595832739877769216?s=20&t=MO3HD5hJKQ9gGEq5Stl4Xg
"You are in the wrong place if a 600 percent return here is your expectation"
"In my career I have only very rarely seen a company taken out below fair value. Virtually always investors get fair value or more. Often times they are paid a very serious premium."
Don't get me wrong, I would love to see bids in the range from 60p to 125p. But with the SP where it is, that would imply a multi bag premium. Has there been a president for this,excluding a bidding war?
Does mention cornerstone merger to complete early 2023!
Optionality remains open with a strategic review underway
SolGold is still undergoing its Strategic Review process, in tandem with cost
reductions, in which it is evaluating financing alternatives, a spin-out of assets or
a sale of a stake in the Cascabel project. The consolidation of the Cascabel
ownership structure through the merger with CGP positions SolGold well to
attract strategic investors in the assets, as well as making the Combined Group a
more attractive acquisition target for potential industry consolidators.
Valuation: GBp85/sh, 415% upside from current share price
We leave our SOT valuation unchanged at 85p/sh as we await completion of
the CGP deal and Osisko royalty. Alpala contributes ~US$2.3bn to our SOTP
based on 85% ownership and a target P/NPV of 0.8x our ~US$3.4bn DCF (at
Jun'23E, 8% WACC, US$8,500/t copper). We then add a US$72m based on 0.3x
our ~US$240m DCF for the conceptual inclusion TAM, include US$150m for
SolGold's regional portfolio and adjust for net cash and outstanding options and
warrants to derive a GBp85/sh target.
https://pbs.twimg.com/media/FiWaZu1XEAg8Trq?format=jpg&name=largel
Yet again 1.53 million after hours and the total for gthe day at 7.025 million is almost double the long run daily average...
So when are we going to see at least one TR1...?
Then Boom!
Thank you Stackhigh for your graciousness.
We don't need to fall out over this.
Have a good evening...and Orthern.
Sorry for the mislead Orthern.
To clarify.
I do not think SOLG should accept less than the 78p NPV, but I concede that the possible range of successful bids could be 60p/125p...a key factor will be what is happening in the markets at large.
And that is why we have to get on with it...
December 2023 would be a disaster becauee we will have a full blown global recession between now and then...
And look at the effect COVID had on the SOLG share price...
Genuine question… not a p-ss take… What’s changed that you value is now drastically reduced?
Red just one hour ago you stated no lower than 78p… and a few days ago was suggesting it could reach as high as £2…are you having doubts now?
Perfect. I really hope you're right, and I'm wrong.
Thanks for your mollification stackhigh...
There will be at least one bid.
Range of final takeout?
60p min; 125p max.
AIMHO
You don’t have to try and police the board.. you could just ignore him like most people are doing.. you don’t have to pay any attention to posters, you could just ignore him
Hi red. Who said I was left £25k? It would be pretty irresponsible to shove a whole family's wealth into a random mineral explorer. Just re-read your CV and it's super impressive, so maybe you are right, and there will be a bid soon. Or maybe I'm right, and there won't. You claim to be doing exactly what I set out to do a week ago- stopping people peddling an opinion (that there will be a bid imminently) as fact. There might well be, but it isn't certain, is it? So we shouldn't state that there will be a bid.
Warren said (inter alia)
"I my career I have only very rarely seen a company taken out below fair value. Virtually always investors get fair value or more. Often times they are paid a very serious premium."
Yes Massive Ray springs to mind , one and the same imho.
Orthern...sorry to disappoint you...I'm sitting here completely calm and rational simply refuting a poster who is posting unsubstantiated rubbish. And I won't let his uninformed opinions stated as facts lie fallow.
And as I said to him yesterday, I don't do angry either...
Its quite easy to remain rational when dealing with posters like Stackhigh. You simply ask him for the facts that he cannot produce. Stating that there has been no RNS of a sale of SOLG is inane and gives a window into his ignorance. Which is not surprising because somebody kind left him £25,000 which he has invested in SOLG and sat on while insisting that it will not increase in value before Dec 2023 because there will be no bid.
I do hope he has the patience to hang on...
"You say he's got a bidder locked and loaded. "
Where did I say that?
Are you getting so desperate?