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Rgcl2
Owning 100% or 85% makes zero difference to the saleability of Cascabel/solg etc no matter what anyone posts about corporate structure etc
That 15 % is minuscule in the greater scheme of things .
Mather was way too arrogant years ago when he was spouting solg could get funded for anything and holders believed his BS. Subsequent CEO’s carried on the same mantra. I remember one of the preventions alluded to investors throwing money at them before the first royalty deal when they weee running out of cash and this was when finance was cheap and plentiful. The outlook has changed massively on the finance front and not for the better but most holders on here still think they’ll get top dollar in any deal.
When will investors realise corporate employees are there to promote the company so everything is always rosy, it never ceases to amaze me how holders are desperate to hear positive news from company personnel and their close contacts.
You’d think holders would realise after years of disappointment that CEO’s always big up the company no matter what the news is and the news is never as good as what is promised nudge nudge wink wink
From the other board...
'kingslug: Exploitation agreement imminent, and that's the trigger for a bid'
If this is the case, it's a big step in the right direction.
Throughout the time I've held this share I've often tried to figure out what exactly could Solg management have done differently. If the ultimate goal was always to get taken over/sell Cascabel and no one was willing to make an offer, what could they have done differently...
Lots has been said about the PFS and the multiple false starts. But then again, depending on who the eventual buyer is, how important is Solg's PFS really no matter what form it took.
I keep coming back now to the CGP merger and the resultant dilution. I think when I invested there were 2-2.2bn shares issued. Now there are about 3bn. The SP now seems to reflect the dilution in terms of number of shares without much uplift for the fact the company owns 100% of Cascabel not 85%.
I wonder if the real mistake was not paying up to consolidate years ago. Everyone seems to think consolidating 100% of Cascabel was the right move, from Mather to Cuzzubo to CGP management. Maybe if Mather had been less aggressive and hubristic a few years back and hadn't launched that insulting hostile offer that was doomed to fail from the outset, we'd be in a better position today. If CGP's 15% really did make Solg a much more attractive takeover prospect then it was worth paying up for. By trying to get it on the cheap, we ended up paying up for it later on from a worse financial position at a lower SP and with much more dilution. We also failed to consolidate during the bull market post covid and now find ourselves languishing here trying to sell in unfavorable market conditions.
No research behind this post by the way, just my top of the head musings as I sit watching my kids in soft play on holiday...
Missed the Slug thing this week, what was his moniker this time ?
Adickt. I have spent the last 7 or 8 years waiting for the next event to pan out. Going back to, just wait till we leave aim, or wait till the cannucks come on board, or wait till irwin comes on board. The list is endless of what I've read is coming next week. I will gladly list them all if required. You live in your jam tomorrow blinkered world. I will live in reality, and post on what is reality. And at this moment in time the reality is, another solg own goal.
And I make no apology for my incoherent posts.
As I've said before, where and when I grew up, feeding the family came before education.
So feel free to ridicule me. It goes over my head.
Bozi, I sincerely hope so.
Nal, perhaps you could point me in the direction of my 'hysterically offended reply'? As for the rest of your typically incoherent post, we'll see how the weeks pans out, shall we?
Good morning MassiveRay .
Slug didn't give any reason, just as he has given no reason for his 51p prediction.
He talks utter tosh.
If that's what your post meant Ag, it certainly didn't read that way. Still, you were posting late at night, so perhaps you were under the weather. Incidentally, I completely agree it's an attractive prospect at these prices and I'm pleased you also see it that way.
And btw, I'm not remotely angry and am looking forward to seeing how things pan out in the coming week.
Adickt. I posted last week that mather stlll had his foot in the solg door, and nothing had changed.
Your hysterically offended reply, clearly disagreed with me.
I think this latest 2 q and a sessions debacle in 3 weeks, enforces my opinion, and weakens yours.
Be interested in how you spin yet another solg debacle
I also agree with AgArCu.
Getting pretty attractive for an attempt now. How low will they let it go? If we still work on the basis that M&A kicks up at cycle lows then we could be in or approaching the right ball park.
I'm still disappointed because operating from this semi-distressed position was something a few of us were concerned about. As it happens, I don't think we could have avoided it per se, but the company could certainly have insulated shareholders better by factoring in some targeted regional drilling - simply for the reason that every metal discovery opens up the potential for an additional property with an MRE thus plumping up the pig.
But what's done is done. Leave some (in this case a lot) on the table for the next lot.
I think the bear argument would be extremely weak in this case Add.
Why double down and compound the initial dogs dinner? Surely you'd just sit, wait and try again when you did have something to say...
"I gave you the reason for this meeting earlier. Quady deleted"
What was the reason I missed it?
Cheers
Attractive for a TO. At these prices it is a very attractive investment. I've added to my holding in the 15s. Long term prospects are good if management rediscover their sensibilities.
Would you say you're quite an angry man, add? Firing off unsolicited investment advice first thing in the morning is not normal. I hold lots of dividend stocks, but thank you anyway, I guess?
'lots of investors don't care about solg being attractive'. Really?! So people seek out unattractive investments, do they?
If you're interested in a yield, you'd be far better off buying LGEN. 9% from one of the safest bets on the market.
The bullish argument says the presentation is to discuss something substantial; the bear argument says it's merely a recognition that the last effort was so utterly useless , and they received so much flack, they've been forced into doing it again but with more detail of what it actually meant. I pray to god it's the former. If there's no RNS on Thursday morning we may as well stay in bed.
Anyway, one thing's for sure - the argument will rage all week.
This is why Slug is the most unintelligent poster on here.
Quady doesn't delete anything.
Slug gets his posts deleted by admin because he is a vile individual.
But he is so unintelligent he can't even work that out.
Indeed, there was the usual BS ( I.e. Great asset, great metallurgy,right time blah ) ... then the actual interesting points about multiple NDAs and a busy data room which was encouraging. What's the confidence level though dude?
Surely if they were made to look a bit stupid last time thanks to the suitors playing games they wouldn't be so naive to make the same mistake again. After all, what did Sleepy Joe signpost last time that would change in the next three weeks that would warrant going in front of investors again?
C
Interesting Watson..... What's your confidence level / source ( might as well go full disclosure as this will be deleted by morning ) ATB, c
What's the reason Slug? 51 p???
BISHOPSGATE, LONDON / ACCESSWIRE / July 14, 2023 / SolGold is pleased to announce that Scott Caldwell, CEO of SolGold and President of SolGold Ecuador, will provide a live presentation and answer questions relating to the Company's recent activities via the 6ix.com platform on 20 July 2023, at 8:00 a.m. (EST), 1:00 p.m. (BST), and 10:00 p.m. (AEST).
Interested parties can register for SolGold's webcast for free via the following link:
https://my.6ix.com/2kg-oijy
The presentation is open to all existing and potential shareholders.
The presentation material will also be available on the Company website on the day of the presentation at: https://www.solgold.com.au/investors-center.
Questions can be submitted during the live presentation.
Gosh, just seen slug's posts. Flattering though it is to be subject of his advances, it's a bit much, isn't it? Not going to get any love that way. Softly, softly, sluggy... 🤗
Add, of course we can't increase royalty deals without decreasing our attractiveness. Who would suggest that? However, lots of investors don't care about solg being attractive. We care about getting minerals out of the ground and making some cash. We may get a TO bid, but wishful thinking isn't a business plan. So, on we go.
I always knew Slug was a bit backwards.
But writing backwards, just shows how unintelligent he really is.
Goodbye Slug.
Of course there will be no bid next week.
DM, I agree with most of what you say. However the effect of these agreements is material, particularly when you bear in mind the average net margin for the major miners was 14% last year. Assuming we load with debt to get to production our margin would be considerably less. This is why we won't be going to production, so we won't need more royalty funding.