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Agreed addicknt.
I hold shares in Vodafone and Direct Line Group as part of my income portfolio.
Can't recall ever not having a straight forward RNS.
Well I’ve lodged my votes nothing to be done now but sit back and watch this unfold ….. I think it’ll be a straightforward takeover and hopefully they’ll get this merger over the line soon .
Q, the response would be: "we're waiting for the outcome of the SR".
I certainly agree with your point about ambiguity. The company is a past master at issuing announcements that leave shareholders scrabbling around in the dark looking for hints, which leads us to speculation. I'd like to see an end to this; straightforward, unambiguous statements, please.
I think you're probably correct addicknt.
It's just we get lots of nothing from tweets and no proper communication on intent.
And no the latest RNS's are too ambiguous.
Q, I suspect they're asking themselves the same question.
Question.
Those of you who have regular communication with Solgold.
Why not ask when we are going to see some movement on the share price.
In the up direction preferably.
Bozi, this suggestion has been around for some time and it certainly has some merit. I'm pretty sure it's one of the options Citi/Maxit will be examining.
I was talking to another esteemed member of this board last night and he raised a good point that i hadn't considered.
A spin out of Cascabel really would be the best outcome here.
Bob could take everything except Cascabel and the surrounding licences (you know, the ones we disputed with CGP) and spin it into NewCo. SolGold then gets marketed for sale. With the protection of the existing agreement with Lasso.
The rest including porvenir moves into a NewCo which has the clear remit of going back to exploring the fantastic potential of Ecuador.
Every shareholder gets a pro rata slice of NewCo which carries out a financing to go exploring again.
This should suit everybody. Cascabel is widely acknowledged as the asset carrying the value. Sell it and let those championing a bid for the whole company walk away with their profits. If they don't want any part of the continuing story then they can simply sell their holding in NewCo.
Those who don't want all of SOLGs assets and licences flogged for a paltry price can then roll the dice again with NewCo, where should another significant asset be discovered, it will just about be ready to be the next cab off the rank come the late 2020s copper boom.
There you go Bob/Warren - job done. 50p will be palatable for Cascabel all things considered and we'll keep the rest, thanks.
Personally I would be disappointed with such an outcome given the known value in the ground at Cascabel and the massive upside potential across all of Solgs other tenements! But like others who have had to suffer years of jam tomorrow I have reluctantly resigned myself to such an outcome ( possibly in the 60’s but hopefully a bit higher) which would allow me to monetise my investment and use it more productively elsewhere! I hope I’m wrong and we have a ding dong battle between the majors for control of Solg which could result in something like a true fair value for what we have and this certainly isn’t beyond the bounds of possibilities. Whatever the final outcome it’s been one hell of a ride but IMHO it’s now coming to its conclusion! GLA
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?