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Thanks Pinot
Is this the one ?
https://m.youtube.com/watch?v=WOMCKd26bQs&cbrd=1
Afternoon all there is an interview with our CEO on kitco news just appeared, i can't post it at the moment if anyone wants to Look at it
Pinot
:0)
I understand it Addicknt of course but if we take a step back we can see there have been numerous events where an offer has been anticipated but not received.
Yet people have been quick to tell Quady he is wrong.
I would say he has been right on many occasions but ultimately must be odds on to be wrong. We just don't know when he will be wrong.
Anyway, it's semantics and probably not worth arguing about ha.
Bubble - I'm not in any way saying SolGold won't be taken over and will solely be in production a decade from now. Anything can and likely will happen. I'm just trying to offer a more circumspect viewpoint.
I agree that history where Mather-led companies is concerned would suggest that SolGold may be sold at some stage but it's important to remember that Nick doesn't lead SolGold any more. His involvement is attending board meetings and some committee meetings.
Darryl, Ayten, Ingo and Co have the executive positions now so it's for them to steer the ship. Mather will retain influence with his shareholding and that of DGR.
Trends are there to be bucked. I'm not saying SolGold will be where it happens but as you can see from the interview Pad shared, Nick expects an offer to be significant for it to be approved.
Ball is in BHPs court and yet we know their position.
Bubble hey
Well said mate absolutely no chance for SOLG to end up as producer ,way too big project to take on....:)
ARB.
OMG - well done Cookiescrew - first post that was worth reading after 10 years. Take the rest of the day off old boy.
Go fishing even.
Z
Bozi never in the history of NM being in charge has any of his explorations been taken to production the evidence is in what he has always said he would reward all shareholders in solgold like he has done in the past with other explorations he's been involved with that's a fact he's sold them on so based on these facts this will be sold once proven up not only on one tenament but on a few imho please come back to me if you think I am wrong and prove it that's why I said to quady and whoever mentions production this will not happen I stand by what I say .
Q, you wouldn't understand a "diverse book" if it hit you on the head.
Pad, an interesting retrospective. NM confidently predicting production in 2025. Hmm.
And within three months of that interview he was toast.
Bozi, I accept your point, but I take it you also understand mine?
Addicknt because you keep repeating the same lie, doesn't make it true. I have never said a bid could never happen, you constantly reassert that to divert from the truth that you have been constantly wrong and I have been correct up till now. I don't believe a bid will occur because of the diverse book. Something you don't understand. If the book becomes less diverse I would reassess my position. It's not that hard to understand.
Addicknt - I don't agree in this context.
I don't think it's fair that someone can come onto this board and post, most days in a matter of fact way, that the takeover is on the way whilst at the time telling someone who has maintained the opposite that they are wrong.
I am asking bubble for his evidence. Quotes from Pad from Nick a couple of years ago are all well and good but don't prove anything. In fact they make it quite clear where Nick stands in terms of the premium he wants.
https://www.resourcesrisingstars.com.au/news-article/bhp-positions-itself-looming-battle-solgold
BHP is understood to have locked up exploration acreage in close proximity to the Ecuadorian tenement that has made Brisbane-based explorer Solgold a takeover target, suggesting there is serious intent behind BHP’s $49 million investment in the explorer’s scrip (reports The Australian Financial Review).
"We now we have effectively two majors on the company's register, and I don't think it is in the nature of either of them to want to sit still as minorities," said Mr Mather on Wednesday, adding that his company had defence advisors at the ready should a full takeover offer emerge.
Bozi, as you know, it's not about what has and hasn't happened in the past, it's about what's likely to happen in the future.
The fact that Q has stated that something hasn't happened is entirely missing the point. But I think you know that.
Zoros what you are describing is a hostile bid. I covered why I don't believe that will happen.
I was referring to an agreed takeover and it absolutely matters.
No future buyer cares one jot about how many 'parties' own a company or its resource, if they want it they simply bid at a very attractive price and voila - job done.
after years of watching this sloath of a stock tread water, most shareholders would sell up if say 80p was offered, without blinking.
Diverse books are theoretical settings which have little effect in real life,
Z
https://news.financial/interviews/solgold-ceo-nick-mather-on-building-a-major-gold-and-copper-mining-company
"Is it to be expected that SolGold will be a takeover target or maybe already is?"
NM: “The market capitalisation of SolGold is well underneath the value of Alpala alone without considering the value of the 13 other projects. There is of course continual speculation that the company may receive takeover offers. It would need to be very hefty to receive my recommendation.”
Bubble - Where's your evidence? You can't make those claims without showing your hand.
Quady has been right to date as far as a takeover is concerned. A bid is yet to be put to shareholders. That may well change at some point, but then and only then can you tell him that he's wrong.
Sorry Bozi I stand corrected, but you know what I mean.
... It just can't be done too aggressively and using the trading book because then the price will start to stretch away.
Quady - your example is a really poor one. Newcrest don't own any stock in GGP. They will eventually own up to 75% of the Havieron deposit.
Also, Norges have seemingly managed to build 4% in SOLG without making things too expensive. In fact the price is 15- 20% lower now than when they may have been buying.
It's easily possible if done in blocks. If
Bubble your even wrong about me being wrong again, I have never said we are expecting a bid, so have not been wrong in the first place.
Quady you'll find you are wrong yet again watch and learn
Bubble you have predicted a takeover many times you have been wrong every time and I have been correct every time.
NM has made it clear we go to production.
Quady we not going to production ,we going to be taken over ask NM