Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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I don't think the Ecuadorians will be in the least bit interested in where the investment money comes from.
They are not custodians of western interest in metals or rare earths.
They are an emerging economy and like all others will not turn down chinese money. I think some are over thinking this.
What we don't know yet but should find out soon, is what the Japanese are planning.
The tumult and the shouting dies
The sellers and the scared depart
Still stands thine ancient long term prize
A Solg bid from a contrite heart
BHP might buy us yet
Lest we forget
Lest we forget.
Just a take on Kipling* for a Sunday night.
*The poet, not the guy with the exceedingly good cakes.
What exactly is the point on the FCA ? If that isn't market manipulation before ones very eyes , I don't know what is.
Absolute farce they are , but hey , we pay for them as taxpayers so who cares?
One thing worth noting is the clear and present relationship between Mitsui and BHP on a number of projects. I guess out of all the companies out there like Wyloo, Fortescue, Barrick, Lundin, solaris and so on.... Mitsui might not be that bad at all. Not ideal for BHP but better than having any of the other lot involved.
So perhaps there's some 'stroking' going on as well as a few jabs and the recent CGP upper cut.
If you want top dollar, then you want an auction so important to not send all the big players packing too early in the game.
Someone very clever is behind this. If it's Citi... then about time they earned their fees.
Bozi yes that's what I think about Chinese that's why matsui are on the ball here (Japanese), head off the mineral hungry Chinese clever move imho ,we may indeed see more news soon imho ,agree novice here's to a good couple of weeks
Here’s looking forward to a positive week and further few months looking like the moons are finally aligning for us. heaven knows many of us have been locked and loaded for years !
ONWARDS AND UPWARDS!!!
They'd be on a very short list CovGaz but you've got to consider the political narrative. Does Ecuador want the big business of it's next generation going into Chinese hands given the strength of it's economy and obligations to the IMF?
I suspect there's a reason Valuestone were kept to the single subscription.
China is also fighting it's own battle over rare earths. Not one for me to expand on here but if you have a read of what's going on in Myanmar and the emergence of Western alternatives you'll see how the West is starting to stand on it's own two feet.
I think the Chinese state could Bozi , or the japs for that matter
How many do you think could beat BHP in a gunfight, Smickster?
In the next 12 weeks they'll probably make $15bn FCF and have replenished the coffers from Oz. Not many can compete with that.
So, yes if BHP pass us up. Otherwise, probably not
SolGold are in one sense to making the purchase easier for them.
And anyone else that could be lurking.
Fort - they stitched themselves up over GGP. They had an option over 5% of Havieron based on the value from the PFS and they instead opted to try and squeeze GGP.
Meanwhile Shaun Day was building a BoD and securing a financing that would give GGP independence and cut the reliance that both them and SOLG have had towards strategic investors.
SolGold's medium term share price will be dictated by whether our board, initially the current one and then the enlarged one, can make the same step. If we do then NCMs significance in the story will start to fall away. They'll just be another investor.
But as you quite rightly say, NCM are after the best exit they can get. That's all they've been after since BHP entered the fray. However, that doesn't mean they can't be commandeered. That's something our management will need to keep half an eye on.
As for Blackrock... they're probably-actually they're undoubtedly less influential here than Berry. Their holding will be split between numerous funds and we'll see their stake adjust both ways as those funds trade around.
In a sense I agree that together with CGP we're stronger. That's hard to argue against, but whether it forces BHP into any knee-jerk decision I'm not convinced. It probably means they can stand down from their beds for now, concentrate on getting Oz over the line and integrated with their business and just keep an ear to the ground at Citi's offices to see what progress SOLG are making on the strategic review. There's certainly no pressing need for them to jump into action and they'll know that. SolGold are in one sense to making the purchase easier for them.
Fortissimo,You must be getting close to a melt down lol, scenario’s and what if’s, I do believe a few points you have raised do have merit though.But wouldn’t it be wiser just to wait for an official RNS from Solgold, I personally would be very surprised if they do not issue 1 or maybe 2 this week.I’m pleased that Solgold and CGP are coming together which makes the company more secure and more sellable, that’s if they want to go that way, could still see a J/V as there are a lot of tenements which need advancing, I believe Nick would still like a part of that.Anyway let’s hope for a good outcome for all, atb
"They could agree to see their stake to BHP for XXp" . why not XXXp :)?
Lots of talk of BHP but not much of NCM. I think most suspect they are now aligned with SOLG shareholders as past ambitions of taking out CGP look long gone. So NCM look like they are after same as all of us. The best cash deal possible. They've been stitched up by Wyloo on GGP, and have a chance here to be a king maker or key piece in the battle. They could agree to see their stake to BHP for XXp. That would give BHP just over 20% post CGP deal. And around 19% post a further 5% dilution on equity raise (CGP treasury shares).
There was a time not long ago that CGP, Blackrock, NCM and BHP controlled around 39% as combined interest in SOLG and 15% ENSA.
Now you can see why Mather was so keen to get CGP to join forces a couple of years ago. The dynamics shift on a large scale with the CGP merger. Suddenly BHP and their support posse drop from 39% to potentially as low as 22%. Almost halved!
That's one serious loss of power and that assumes NCM and Blackrock are still in the posse.
But when you get into the sale process or bid process, then you are talking about 'price'. No one is friendly anymore. Blackrock will want top dollar. NCM will most certainly want top dollar and more than the 45p they paid some years ago.
Bring in Mitsui with 6.7%+, throw in Norges with close to 4% and that's two holders there that will outweigh BHP on combined basis. Mather, DGR, Tenstar and now CGP will control nearly 35%+ post dilution.
When you have shareholders of the size of Norges involved, potentially Mitsui... these guys can make low balls instantly no balls. This all bodes well for a fair and top dollar price for greatest tier 1 copper/gold discovery in decades. World class assets don't go cheap as Irwin recently tweeted. Good to see him and others now firmly on the front foot PR wise.
Your move BHP... lets see what you've got!
Eish ,lol we live in hope!!!:):)
Bubble your optimism has always been a beacon of hope! Just half your projected £1.32 would delete the pain, LOL!
Hoping this week starts our rapid climb into the high 20's for a start! Obviously, will be News Release dependent .
credit maybe? Computer hasn't a clue!
FTJ
Agree re the sentiment towards BHP 100%
Bn.c
Oops sent twice apols everyone
DBW always said £1:32 not sure we get there now but certainly recent activities have cause for the share to be top end of a pound pending any news imho this asset (cascabel)solgold have will not go to the Chinese imho or bhp they too late it's going to another Asian company and Franco the smelting contract with lundin in a j/v on other assets that's my opinion though let's see ,I think we are in for a good few weeks here
DBW always said £1:32 not sure we get there now but certainly recent activities have cause for the share to be top end of a pound pending any news imho this asset (cascabel)solgold have will not go to the Chinese imho or bhp they too late it's going to another Asian company and Franco the smelting contract with lundin in a j/v on other assets that's my opinion though let's see ,I think we are in for a good few weeks here
I shall be getting back in tomorrow morning for a good trade in the coming days..
CD , create where it's due , well thought out strategies.
Does this merger now mean we have a majority to vote through any resolution without BHP /newcrest blocking it if so that would be the piece that another buyer would need to move forwards diluting them out the way or is it still in the balance ?
FTJNY….. yep
Dust hasn’t settled here …. It’s only just begun