Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Quady three in a row to come maybe let's see next week
Yes just skim reading, cannot see any surprises so far.
That's the second one now
Very reassuring ...
I can't see a quoted or personal comment from the CEO of CFO. That's unusual. BHP need to take out this company and do it a favour
Q, sadly 25p is currently pie-in-the sky stuff.
Anyway, the accounts have appeared and there's much to take in. Of particular note is the Going Concern statement. As of yesterday no firm funding proposals were on the table, but they have gone to great lengths to explain why they're confident of raising cash and have signed-off accordingly. The cash will run out in December or January and they point out that there are various measures which will allow them to continue for a bit longer beyond this time, although none of them are palatable.
We all understood this, so it's not new, but it is spelt out in some detail.
Mothing much to see here...move along please...
Addicknt how about a scenario where we do a equity raise at say 25 pence a share and bring another party in .
This works for two reasons.
First any person or persons coming in would acquire a block without going to the open market and thus paying less.
Second it would force BHP and NCM to take part or get diluted.
To suggest NM has "given up" on SOLG is pretty daft - he has way too much riding on this.
However, as far as future fund raises are concerned he's looking pretty exposed. Obviously, we can't be certain of his personal situation, but DGR only had Aus $2.5m cash at the end of July and I think it's safe to assume that in the absence of them raising more money, they will be unable to participate in anything we end up doing.
Naturally, this means that a placing/Rights Issue would be last on his list of preferences and I'm sure he was lobbying hard for another royalty deal, which of course brought him in direct conflict with BHP, who, yet again, got their way.
This implies NM finds himself in a tricky situation; so what will he do? Accept significant dilution, or push for some form of liquidity event? If he opts for the former his voice will become almost irrelevant around the table, and any power he had to influence events will be much diminished.
For me, this conflict of interest between NM and BHP/NCM is the key driver of how matters will unfold and it explains much of what has happened over the past couple of years - and it ain't over yet.
You can't get that much for confetti, so probably had to put his hand in his pocket instead
Nick normally sells a load of shares off during the summer months to fund his charitable causes/foundation can't remember exactly what it was, I noticed he hasn't done so this year unless I missed it.
Anyone got a thoughts on this? Good sign he is expecting some positive share increasing news? or has he even he has given up on Solgold....
Spot on Lunchmoney
me too
And Ray
And me
This share is not being artificially suppressed.. it’s just no one is currently interested.. even at these prices, the big boys won’t touch it until our board clearly show a funded way forward..
Only people buying are Redknight and his mrs.
So obvious price being artificially suppressed. But by whom?
DBW , I'm holding tight , it'll come good.
Cov …. Looks bleak now but it won’t once this kicks off. I know many don’t believe a bid will come but I do and it’s getting more and more likely by the day
re13:23 Darryl won't get shafted , he hasn't spent a penny. Its us shareholders that would get the shafting.
Factor in 20% CGT when these shares do (hopefully) recover and then it makes sense to have them in your ISA. It also seems to me inevitable that Labour will get in at the next election and who knows where the CGT rate will be then.
Is that what you just did lutho...? Cheeky or what...?
126,810 out at 15.80 and 125,707 back at 15.83...
Clever. Good luck.
Good opportunity for a bed and ISA.
I've added a sympathy tick for rich too...
GL
Not when they need $ to keep the lights on…….
The stronger the $ the tougher it is for solg to navigate this…….
You're the same person at 39p pre pfs who told me to go away I didn't know what I was talking about..
Leave it there..