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I just hope we get the results today. Appreciate it'll be late in AUS but would be good to know where we stand.
Will there be anyone in attendance other than the directors? And most of them will be via video link.
It isn't going to take Twigger very long to get through the agenda - two minutes?
Indeed shark, though I guess they’ll already know the score
AGM due to kick off at 11am UK time
A few more today, all down to PFC profits, looking forward to the day when SOLG has its day on top of the risers board
Too much shenanigans going on 1984 and the regulators appear weak and ineffectual.
Eloro, I’ve hardly ever seen a share consolidation work out in the end, if just resets the confetti printers. Usually it’s an order of magnitude (eg at least 1 for 10)
Nice to see a rise this morning, can we put the board’s b****ks on the block every day?
Sounds like a conflict of interest to me RC. Contrived to pocket the upside at the expense of shareholders. Shouldn't be allowed if they are actually selling the company to themselves!!
Bozi, I think both vote leave and the remainers can agree that something positive must happen in 2024. Otherwise, we will all be storming solg towers with pitchforks:)
Patel family own the bidder for Shanta and are significant shareholders in Shanta. Ketan Patel is board director of both. You can see why the bid is where it is...
Agree Eloro. Also think we can read one step further and retain the rest, for 2024 only, on the proviso that the names you mention believe they are best placed to achieve the result we all want.
Situation then stays under review based on what they achieve in 2024.
That's why we need to keep NM so that we don't get stitched up like those guys. I can feel their pain and I am not invested there! I cannot see Warren, and NM accepting 20p. Bob I would imagine also want max return for his sizeable position.
Maybe a positive that both have taken their leave here Add.
Smickster - unlikely. The board are recommending it to shareholders and the top 2 holdings have both confirmed their intention to accept.
Bit of a Merry Christmas (not) for Shanta PIs.
Interesting to see how the Shanta offer plays out.
2 offers rejected in 2022, is there a possibility this one does too?
I believe at 20p Solg would reject with decent percentage of holders being underwater at that price and big players not willing to let it go for a such a low value.
That said it would be a good place for a major to test the water I guess.
Bozi, yes, I think their shareholders are right to feel aggrieved - it's been sold for a song. Interesting to note both Marshall and Grant Goodie are non-execs.
The Shanta 52w low is just a smidgen under 9p though Roxi, so it's the equivalent of SOLG getting a bid of 12p whilst the SP is 10p.
Hardly a case of being in rampant bull mode and being taken out at ATH. Besides, it should always be about valuation rather than SP and I'm not convinced the valuation is a fair one for SHG shareholders.
Interest rates have peaked, commodities may be starting a super cycle and investors are looking for compelling opportunities to see a significant return in a relatively short timeframe.
Shanta got a takeover offer today and SOLG may be the next in line. This may be the last chance to accumulate at this ridiculously low share price..
Shanta offer was at year high price, 13.5 which is the minimum offer they had to be acceptable.
SOLG is 22p a 3 bagger from here, bt unlikely to be accepted , imo.
Cheers Bozi.
It will be interesting to see the outcome of the agm!
Bozi I'm definitely no expert but having a quick look at the Shanta share price over the last 6-12 months and longer it is actually up quite a lot. So it is completely different to Solgolg in that aspect.
Would make a lot of sense to go forward with both Then we would have a finger in the pie
Eloro - it's not just PIs that get wiped out, it's anyone. That's because there is usually significant dilution with the reverse split. Otherwise, with a reverse split and no dilution, the valuation stays the same, it's the share count and share price that changes.
I can't see it happening here. Some shareholders are known to rue the lack of liquidity in SOLGs stock and a reverse split only reduces that further. The only time i think one would be considered would be if SOLG raised a large amount of equity to build Alpala.
In other news Shanta takeover proposal today. Look at the shocking premium. I look forward to everyone supply reasons why that one isn't comparable with Noront but SOLG is.
Both having a good day on the Markets, the day has started well
Novice and his wishful thinking.
I have seen where companies listed on Nasdaq have carried out a 35 for 1 reverse split in order to get their share price back over the $1 limit to avoid delisting. Pretty much in all cases where such reverse splits are carried out, PIs gets wiped out because the share price continues to decline afterwards.
Could a reverse split happen here to get the SP back to 30p for example?