Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Yes very interesting indeed ...
Wouldn't have been possible without NM's buy in. I was very surprised, real game changer.
Makes it even more clear that Maxit comments were just bluster. All this talk of big action, realising value for all shareholders, and we've just sold at 16p for non-Cascabel cash to keep the lights on.
Addicknt: re speed of change
Completely agree mate and to be honest I suspect there is more in the pipeline ... IMO it alleviates some of the concern and talk around the 'bluster' over the last few days.
A corporate financiers wet dream. The messier, the better...provided they win, of course.
I'm still having to pinch myself at the speed of change here. Even when the merger was announced I didn't see how this would unfold and I most certainly didn't see DC's departure. It's really difficult to believe how CGP have gone from being a small shareholder to running the show, particularly bearing in mind the history. Quite extraordinary. A reverse takeover by stealth...a brilliant piece of corporate manoeurvering.
This must be the bottom price we will ever get or the Chinese would have not invested, so I topped up.
GLA
2luke …. They incidentally own Valuestone as well
Does Jiangxi copper fully own any mines outside China?
DBW, I think keep an open mind on what's on the table or off the table post merger deal. Much has changed and whilst I agree Nick has mentioned that JV deal not preferred, the reality is... SOLG and Nick have said many things and then done the opposite. So I wouldn't dismiss it.
I think we are at the beginning of seeing those in the shadows moving into the open space now. We've had Mitsui mentioned and their interest 'outed'. We had 'Valuestone' a couple of years ago suggesting Chinese interest but today we have that interest confirmed by the mother ship and not through Valuestone... suggesting that they are happy to be showing their interest now. Mmm!
We've had Boliden, Franco and Osisko mentioned or involved for royalty deals.
After many years of cat and mouse, we now have names entering the ring. Some may be interested in JV's or bidding for part or whole of company and some might not be interested in that at all... they just want a slice of cheap equity ahead of a predicted sale.
For me, the timelines leading up to the AGM are of key interest as that's going to determine how tight the voting is. My question is a simple one... what happens if TSX regulatory requirements delay merger till early 2023?? That means BHP et al go into the AGM with same if not more influence than they had last year as they haven't been diluted yet.
What's the minimum notification date for CGP to get the EGM announced and done?? 14 days? Or 21 days?
I'm still at a loss how SOLG can issue 155m shares to one entity unless they are loaned or connected with the CGP shares?
As per usual with SOLG... more questions than answers come with every RNS they issue.
2Luke, the Chinese can have the lot. We most certainly don't want to be the weaker partner in a jv with them. Anyway, it ain't gonna happen.
He doesn’t like it, I would much prefer to t/o as well. But if a t/o doesn’t eventuate, this is what it’s going to be.
You should check out the 50:50 Zijin Mining did with Ivanhoe for the Kampala Kakula project. It is not the only example of 50:50 success with the Chinese. I have been seeing several such success stories, and they arise primarily for one reason. The Chinese are willing to take jurisdictional risks western entities won’t, or won’t pay a lot for. And country risk is a real thing in Ecuador. That accounts for a lot of reticence on BHPs part.
Nick has said many times he doesn’t like the idea of a JV
It reduces T/O premium
Got a feeling he may walk away with a few extraneous licenses when the dust settles:)
DBW, I sincerely hope you're right - I really don't like the idea of a jv. And yes, it's good to see BHP being put on the back foot.
Morning Add
No JV happening here. BHP will be spitting but they still have a few days before the deal is done and the streaming is complete. They really have been played and I’m sure a bidding war ( they can’t afford to lose) with the Chinese isn’t their preferred path …. Karma is a wonderful thing
50:50 jv. A recipe for absolute disaster. They always are and always end in tears. If I were you I'd forget about that idea altogether.
Agreed - I can't see how SOLG can issue 155m shares without breaking pre-emption rights.
Deal is expected to close on Dec 9th so that's before the AGM and any approvals on resolutions.
A puzzle indeed.
copperpot, you have 2m shares invested at 4.6p. Meaning if the company was sold for 46p, you would make £828,000. That number is more than reachable. Perhaps you are a multi, multi millionaire, in which case fair enough - but for most that type of return would be pretty life changing.
I’d rather 90% if it’s a JV
No problem, Sire_Frugalman.
Can't read all the posts this morning as busy.
You made me doubt myself which is no bad thing.
All the best.
Solgold seem to be raising capital both for Cascabel and for exploration
How much could we get off a JV partner for say 50%
This would half construction costs and allow Citi to fund raise through loans if we have some capital to put down.
Quady please see my "apologies" thread already posted
Mistermiester
This is what I thought, that they might pick up the shares too even at a premium say 25p then that’s a pretty cheap 15 % or something holding and the largest shareholder
I hope they will be cancelled post merger.
So, Sire_Frugalman the shares are new shares as I said.
It appears I accepted your explanation to readily.
I thought I had read it correctly.