Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Good post Dart …. As you say many of us have been expecting a takeover of sorts for some time. I think the AGM (if we get there) will be a defining moment here as to who wields the power moving forward. To this end it seems unlikely that certain parties will want us to reach that stage
Let us consider where we are:
We have one side that believes that Solgold is going to production. This is the default position as it is the one that has been reiterated by the company many times. The main protagonist of this view on this board is Quady, but there are others who quietly support this view.
The other and more vociferous side believes that the company will be sold tomorrow/next week/next month/soon. Since I have been following this board in 2018, this has been a continuing view of many.
Of course, there are those sitting in the middle who reasonably consider the facts as they appear. I would put Bozi in that camp, although he may disagree with my opinion of his position. I always respect his postings.
I have to say that I am disappointed at the recent developments at the company. The lack of a fund raise seems to me to be a serious mistake on their part. Way back in January, if not before, it was clear that inflation would cause an increase in the cost of any borrowing. Really and truly, we should have gone for it then: now any borrowing will be alarmingly expensive, whatever form it may take. You may say that it is easy to make such a statement with hindsight, but the signs were clear just that the actual amount of the rise in interest rates might not have been. It is disappointing that the failed raise, if that is what it was, resulted in the departure of Ingo and Ayton Saridas. We don’t, of course, know whether they went of their own accord, or were pushed. It is a shame that Ayton lasted such a short time and I would have hoped she could have survived at least one disappointment if that was the cause of her departure.
In any event, I am sure Solgold will recover and march forward to production, unless, of course, we are bought out in the meantime. One thing I am sure of is if that does happen, it will be when we are least expecting it, and, probably from the least expected source!
Frog
The twisted logic of a very confused mind.
This is predominantly about GGP but there is a mention of Solg suggesting its valuation to be more realistic. Also, a reminder of lessons to be learned from the Sirius story.
https://masterinvestor.co.uk/equities/great-disparities-at-greatland-gold/
Mind you is that worse than some of the nod nod wink wink insinuations, made on here, that something great is about to happen….
according to some something great is about to happen every day for the past 5 years………..
Lots of posters post views to suit their world view and others just post to suit their trading position. Some are just more blatant than others when it goes t!ts up.
I wonder when the penny will drop…..
Increasing influence in Latin America
https://amp.scmp.com/economy/global-economy/article/3190316/china-slowly-undercutting-us-influence-latin-america-5-new
Jerry what absolute rubbish, your view is ignore official announcements and make it up to suit your world view.
Simple really if a fund raise doesn't go ahead after a discussion, then it never took place.
I know that this next bit is hard for you too grasp.
Since it doesn't go ahead it cannot fail. As nothing happened.
So why have a bb ?
Plus that was very poor English
If we were playing poker it would give our opponents at a massive advantage if we posted our thoughts about the hands we hold several times a day.
DBW, old Quadswallop thinks that what Sandeep Biswas said two years ago still holds true, cos it suits his agenda. I am not sure I would believe what he said five minutes ago.
Also on the fund raise issue, it’s either a success or a failure. Any ‘successful’ fund raise that is left with the underwriters is fully understood as a failure. A fund raise that is attempted but pulled, because it will fail, is also known as a failure.
It didn’t succeed, so it failed.
Quadswallop thinks that if investors say ‘we will not support your attempt at fund raising’ , it didn’t fail. It did. Otherwise in Quadswallops view no fund raising would ever fail, as they are only an attempt at fund raising if they succeed. Absolute madness.
lack of self awareness, hasbeen demonstrated repeatedly. with blinkers firmly fixed.
“Thank you Jerry informative post but wrong conclusion” ….. learning difficulties aside , do you genuinely not realise how arrogant that sounds.
A normal person might say they disagree or even “wrong conclusion in my opinion “ … I’m not looking for another argument just can’t work out if you do it on purpose Or just simply lack any social graces ?
Hi Jerry
Yep NCM’s role is fascinating. In the same way that they’d like a cheap equity raise along with BHP I don’t believe their end goals are necessarily the same. As and when they decide to cash in their “strategic investment “ it’ll simply go to whoever is willing to pay the most .
With 3/4 weeks to go until annual report, full year results and MD&A… and only about 12 weeks until the AGM I’m expecting things to liven up here soon
Thank you Jerry informative post but wrong conclusion. NCM know they cannot own Solgold. But they are not selling their stake and want to add to it. We are going to production owned by many. It's called a diverse book.
Every few months for the past 9 years, we are told on this forum that a bid is imminent. People are now saying before Christmas. They were wrong many times over the years and are wrong again.
What is so blatantly obvious, is They are wrong every single time for the same reasons over the years. But their own world view and in some cases desperation blinds them.
Fruita del Norte is an interesting one as that was a stream deal they bought into. Ironic really... NCM seem happy to take a stream deal from Lundin Shareholders but when someone offers to do a stream deal with SOLG, they don't like it. I wonder why lol!
I can't much on NCM books for 2026 onwards. They seem very short term focussed with high impact fats profit return projects. That might be working for them but their share price is at 5 year lows and shareholders look unhappy. And that's with PM's being at their highest levels for years. NCM are doing something wrong and top management need to carry the can. Time for some fresh blood there with big ambitions.
For those who have commented on whether NCM would be interested in copper, they have publicly stated that they are interested in more copper, but I doubt quite this much.
Since their initial investment in Solgold they have either invested in or bought:
Fruita del Norte
Red Chris
Havieron
BruceJack
Expansions at Cadia, Telfer and Lihir
So while the grass has been growing underneath Solgolds feet NC have been moving on.
With shareholder pressure for dividends and not further growth potential assets purchases, a sale of the Solgold stake is far more preferable to NC (imo) than further investment. Maybe they could swap it for some kind of NSR over Cascabel, but whether any buyer of their stake would countenance that I am not so sure.
By the way I’m not expecting BHP to be necessarily the first mover ….. we have the biggest gold copper find in the last decade and someone will want it … Fortissimo/ Red and BBG to name but a few are spot on in my opinion…. From now until the AGM plenty has to happen and although a great outcome is never guaranteed, it feels ok to me
You don’t have to assume BHP are the only interested party …. Just look at some of the companies recently moving into Ecuador and add to that the fact BHP have lost face twice recently
Let’s hope not… buyout or not I’d like to see some big changes here.
I do think we are all often guilty of positive reinforcement of the idea that BHP are guaranteed to want to own Cascabel… because it’s what we all want..
yes they own a small percentage, but it really is a tiny investment to them. One they could easily just shelve and focus elsewhere… bigger fish to fry with much faster routes to profits than us… we lost the long touted first mover advantage a while ago.
There really is no guarantee that they are that serious about us.. their M & A activity so far has been aimed at other companies, it’s fair to ask why…
I am still invested here, all be it smaller since PFS day… but I am questioning my own, and others, level of confirmation bias regarding how much BHP May want us..
Hopefully I am wrong and we get the long awaited RNS that announces genuine progress soon
Orthern
One way or another I doubt we’ll have to put up with them for much longer.
Re your other point I’d generally agree re a bb’s ability to affect the share price but just now it doesn’t take much to move the price….. I bet if a few if us chose to sell just a couple of million shares between us it would have a negative effect… albeit only in the short term
In our case specifically the sentiment is being driven by a **** poor board
The idea that a few, tiny, tiny, scaled private investors, discussing some potential negative points surrounding their specific investment, would have any resulting impact on the overall share price is absurd…. It’s general market sentiment that drives our price, not a few people on an internet bb. And general market sentiment can be seen by looking at the last 6 month graph.
We can agree to disagree which is fine by me too. Have a nice weekend.
Fair enough FTJNY. Don't see it the same but that's fine.
Bozi, It’s not daft at all. IMO it’s simple common sense “not to air your dirty linen in public” It might make you personally feel better but it’s negativity is destructive and value destroying! Positivity breeds positivity as we have seen many times over many years as investors have piled into Solg not just based on maybe a good drill result or a fund raise but also collective positive sentiment towards the stock a bit like herd mentality. But flip it the other way and with posts like you have made recently along with others it’s unfortunately all to easy to instil doubt and fear among fellow investors and with so little volume exchanging hands on a daily basis it doesn’t take many sells to push down the SP. So maybe next time you are inclined to vent your spleen and get something off your chest just ponder for a minute whether you are helping matters or are part of the problem perpetuating a feeling of negativity towards the very stock you are holding. If it’s the latter then you might as well get a gun and shoot your big toe off!