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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?
Wow someone is getting emotional here today
Monte, just use the filter button and Stackhigh is no more.
I have a hunch on the previous alias or the one he normally goes by and that was filtered long ago!
Anyway, we move on! Another high volume day for SOLG with seemingly two order books in play.
This is Warren Irwin
https://www.rosseau.com/
"Rosseau is well known for its expertise in the Mining and Oil & Gas sectors."
This is Bob Sangha
https://www.maxitcapital.com/
"The Leading Independent Financial Advisor to the Mining Industry"
"At Maxit Capital we partner with clients from across the globe to help them source, analyze and execute value-enhancing M&A opportunities.
Maxit Capital is a leader in the provision of expert advice related to hostile transactions, including take-over bids
Our principals have advised on over 20 transactions, including recently:
Osisko Mining’s successful hostile defense against Goldcorp and subsequent sale to Yamana Gold and Agnico Eagle Mines for $4.1 billion
Orbis Gold’s successful hostile defense against and negotiated sale to SEMAFO for $180 million
Northquest’s successful hostile defence against and negotiated sale to Nord Gold for $29 million
Maxit Capital brought Newcrest Mining's $22.8 million to Solgold
Maxit Capital LP acted as financial advisors to Wyloo Metals in connection with their succesful bid for Noront...
Hi Monte! Sorry, must have missed your call amongst the echos. For clarity, I am invested here. Thanks for your interest though :)
Or you could say he's biased. That it is in his interests for the public to believe there will be a bid, or to try and trick a bid out of a major. And that he's following one of the most established playbooks in the game. You say he's got a bidder locked and loaded. I say it's bluster. He's tweeting. I'm reading RNSs.
Guys
I called stackhigh out yesterday.
Its pretty clear he is not invested here and is just coursing trouble.
He appeared from nowhere after the last rns's
Let's no spoil the board and ignore
So you could say, for example, if somebody with all that directly relevant experience is saying there is at least one bid coming...and they've backed that up by buying 2.4 million shares (so far) (not 200,000 shares from an inheritance)...then maybe he does know what he's talking about and maybe I don't want to sell and might even buy a few more, like him...
Well said Bubble...sanity reigns!
So Stackhigh you say you have invested an inheritance.
So please tell us what practical expreicne you have of stock markets to be an authority on how share prices are determined?
I do have, having been a 'market maker', qualified stockbroker, Principal investor, Pension Fund Manager and Money Market Fund Manager managing assets up to £4.3 billion.
I've also been a plc GFD, involved in mergers and takeovers, appointed bid defence investment banks and set up 'white knights'.
None of that is to impress anyone, its so that you can compare your relevant experience to say what you did in your post of 17.05..
So what is your relevant experience on which you base those statements and indeed your other opinions which are presented as facts?
Market Makers determine prices...end of...and if, for example, a large buyer has a big order to fill ( as I suspect there has been for more than three weeks, they are required to notify the market of the full size of their order, so that the MMs can manage the SP in order to fill the order at a price acceptable to the Buyer.
When most people are fully invested and few want to sell because they think a bid may be coming, it is a slow process which often involves the price being held down until a given amount of stock can be bought.
The major risk being that a piece of information may emerge in the meantime (such as a bid) which would at least temporarily take the control of the share price out of the Market Makers' hands...
Red exactly demand for copper will far outweigh supply imho and guess who got millions of tonnes of it and gold and silver and ......
Why would FOUR people on here recommend a post that says:
"The mantra about an imminent sale gets weaker with every non-sale day. "
and
"the fact that no one else is buying in the open market "
and
"it won't sell for a huge premium in the next year"
and
"investors don't care, and buys aren't happening"
Of course I cannot say there will be a SALE, because even if there are multiple BIDS the shareholders still have to vote with their feet...
But I can say there will be a BID, or BIDS, or BATTLE, or AUCTION...and when there are the SP WILL go up...
Easy, Red- the all caps is a bit much. If you want some clarity on the buying and selling of shares, and market confidence in this stock, have a look at the sp. It is controlled by what people pay for the shares, and what price they sell them at. Unless you believe it is controlled and manipulated by dreaded 'autobots', in which case heaven help you and best wishes to the other aluminum foil hat folders.
RK....have a day off ffs. You're like an old fish wife!
There you go with self opinionated rubbish again...
"Or scenario two- investors don't care, and buys aren't happening, because there is no buy out"
The AVERAGE volume per trading day for the last 17 days has been 50% higher than the average volume (including the last 17 days)...thagt works out at an additional 35 million shares traded in 17 days...and for every sell there is a Buy...
"Rk, you're the one who's literally just quoted that there's going to be a sale"
Where did I say that? I repeat...takeover BID or BATTLE or AUCTION.
And thats a FACT.
Irwin has actually said it. Or can't you be bothered to read what others post?
Orthern...you're getting sucked in to Stackhigh's idiocy...
The current SP is irrelevant to the ultimate takeover price.
Do you actually have any specific experience on which to base that? Because I have.
It doesn't work in multiples...at the end of gthe day the exit takeover price will be the maximum that the winning bidder is prepared to pay.
Now my opinion is that this will be no lower than the minimum NPV price that DC put on it, i.e. 78p.
It basically comes down to what value the successful bidder will put on Cascabel plus something in addition for the other prospects, especially Porvenir.
And a key factor may be their projection of the copper price...Goldman Sachs say it could be as high as $20,000/tonne compared to the current $8,000...
Rk, you're the one who's literally just quoted that there's going to be a sale as though it's a fact!
I despair, honestly.
And it just so happens I can give a good reason that the likes of BHP are in no rush.
It's because they massively overpaid for mines in the last "boom".
Now that is a fact.
I'm not necessarily saying that applies here, but another fact is that some have been predicting a sale for a long time, Irwin included, even if he hasn't directly said it and they've all been wrong.
As someone said previously, the onus is on you to prove it's happening.
And you quite simply can't.
So stop slating people who think differently to you is what I think.
The thing is, Stack...either you haven't bothered to read all the multiple tweets, posts, articles, etc stating that there is a takeover coming (such as Warren Irwin who wons 5% of CGP's shares and is very closely connected with the CGP Board, including Bob Sangha who owns 20% of CGP...
Or you think they are rubbish, deluded or lying...
And by the way I don't believe I've ever said 'sale', rather referring to takeobver 'bid(s)' or 'battle'...
I repeat...there are no facts about a bid having been made because either the Board hss to issue an RNS saying it has "receiuved an approach which may lead to a bid' or...if it is a hostile bid, the predator would announce it to the market.
So of course you'll always be right until one of those happens, but it doesn't make us wrong in saying there is a bid/battle coming...
Are you lowtrawler? Or just a poor imitation of Quady...?
So the 'fact' it is going to sell soon is something you're able to prove beyond refute, is it Red? Because I feel the only proof of that fact will be a sale. And it hasn't happened yet. Awkward...!
The lower it drops, the lower any monetisation deal will be struck…