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JG, my view is that we will sell Alpala alone and then move on to repeat the trick. In other words, a buyer of Alpala already has as much information as they need.
Yes JG but the companies that covet this prize asset will run the risk of having to pay much much more as further resource is defined, this drop is another great opportunity to top up funds post new ISA year and increase your holding for what is increasingly looking like an investment for the children. Its a fine line between waiting and blinking first I believe now and yes bring on 25,24 or even 20p again sooner rather than later please...
Q, and therein lies your problem...you don't understand the concept of negotiation.
addicknt we have gone over agreed bid v hostile bid.
My thoughts are clear on this .
Agreed bid means we get the price we want, but no one will pay that.
Hence why I do see it being a hostile bid, and I am sure you understand what that ensues.
Anyone know why anyone would be in a rush to bid for Solg? Wouldn't it be better to just let Solg prove up current sites, produce DFS and spend their own funds on the regionals and get Solg at effectively a cheaper price net of this expenditure?
Whoops! meant sail, not sale. Must have selling on my mind.
Q, I think you assume any bid will be hostile - in my opinion it will be an agreed deal and it will sale through with the board's recommendation.
There will be no bid in 2022 ..
I will get sub 25p in the meantime for a trade...
Addicknt that's why I said 30%.
However a mandatory offer doesn't mean it will be accepted.
Q, I take it you're aware that ownership of 30% triggers a Mandatory Offer?
Rumours of a bid for as long as I remember - no one has a clue what will happen next with Solg and that would include Solg itself. I include myself as clueless at the top of the list - nobody has predicted anything correctly including the timing of the PFS and those constantly shouting over others have not got much right.
I guess if you say bid or production enough times you will be correct and demand bragging rights.
So what is the next RNS ? Funding requirements, a regional JV, results of some hole dug up 1 year ago or another tier 1 discovery .
I am mouthing off as down a huge amount from pre-PFS announcement solely down to my own greed.
Those day trading well down, just wish I could always sell at the top and always but at the bottom -guys what is the skill to do this in reality and not in some deluded dream.
SharketMare if you want to play with words then so be it.
By no bid rumor I mean no substantiated bid rumor .
Are you happy now.
It doesn't change anything.
Quady, you've answered a question, but it certainly wasn't the one I asked. I suggest you look up the term 'bid rumour' to understand what it means.
SharketMare I have answered that question on more than one occasion.
But for your benefit I will rehash my argument.
Firstly the diverse book means the attempt to buy out Solgold, means that they must secure blocks of shares from stakeholders who won't sell cheaply.
Next no one is going to make a bid if they cannot secure most of the blocks of shares.
So what do I count as evidence: It would be that a single entity owns more than 30% of Solgold shares.
Even that doesn't mean their will be a bid. But it makes it more likely than the current situation.
Q, unfortunately I've never understand this concept of a "full bid".
Quady, if one of the most reputable industry publications writing about a potential bid doesn't constitute a bid rumour in your eyes, I'd love to know what does?
Addicknt of course not. We are open to a full bid, but that is not going to happen for all the reasons I have said.
SharketMare I have read it.
Articles in journals and broker notes have been predicting a takeover for over ten years.
It's not worth the paper it's written on, as it's a pundits opinion with zero evidence.
Q, so, is it your opinion that when he made the comment about the two plans and then subsequently said on several occasions 'we're open for offers', he was joking?
Quady, I have unfiltered you after taking a couple of weeks break from this board. Here is an article from Mining Journal in March 2022, stating rumours of a joint bid for SOLG 'within months'.
So your statement below that 'we don't even have the rumor of a bid' is simply untrue.
https://www.mining-journal.com/london-to-a-brick/opinion/1428389/joint-bhp-newcrest-bid-for-solgold-%E2%80%98within-months%E2%80%9D
addicknt the market is not confused.
It's understands the situation.
We are going to construct Alpala, their is no ambiguity.
You are hanging onto one phrase ( Plan A begets Plan B ) and dismissing everything else the company states.
Plan B only happens if we Construct Alpala.
Just look at the share price, even the rumor of a bid would mean we would be higher.
So not only don't we have a bid, we don't even have the rumor of a bid.
Languishing or not this is my best performing stock so far this week!!! Yikes a sign of the times
CD, the company has made a rod for its own back. In one breath they state they are taking ENSA to production and in the next the CEO states we're open to offers.
Some people regard this as a smart ploy, but I believe this is confusing the market and explains why our sp is languishing.
CD, what in my post have you 'put to bed'?
You assume that a further royalty deal will result in BHP/NCM making a bid for the company. If it were that simple, why haven't we already done so?
Bozi, there's an interesting paradox about the agm and the sp: The people who are most interested in keeping the price low are also those who have a significant say in the votes at an agm. However, I agree with your sentiment concerning the reaction of the retail investor base.
If the board believe that people will be content with them if all they have to offer over the balance of this year is more clap-trap about production in 2530, they are deluding themselves. They have seven months to deliver some genuine value-enhancing progress. DC needs to get proactive and to put some flesh on his "we're open to offers" comments.