Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Try this one Quady
https://presentations.investormeetcompany.com/investor-meet-company/SOLGOLD-PLC-Investor-Presentation-cdd8cb3da0aca4d8b9ac20bd?bmid=ef3ec812cbca
I have seen it live, just wondering if I am misremembering.
The presentation slides are on the website, but I want the whole presentation including questions and answers.
Quades - the CEO did say that the presentation would be available on their website on the day,,,,but as usual they've forgotten!
Don't think you missed much though!
Z
Does anyone have a link to the video presentation last week, as I would like to listen to it again.
As the Solgold website only has the slides or I am looking for it in the wrong place.
I guess I would just say for balance that signing an NDA doesn't immediately mean you can't trade the shares, it depends if you are actually in possession of inside information.
Under UK MAR inside information has to be of a precise nature, not be public, and if it were made public be likely to have a significant affect on the price of the shares in the market. So several of these points are open to interpretation...
Solg's latest iteration of its plans to bring in power from an as yet unconstructed hydro electric plant, subject to government permits. Would be confidential and proprietary, but is it precise? Would it have a significant effect on the share price if released? Probably not. Even some drill results often don't move the price much.
HR records for all the local staff, including salary bands, pension arrangements and notice periods? Confidential and precise, but would it in itself have a significant effect on the share price? I doubt it.
So it depends what parties have seen in the data room as to whether they are prevented from trading or not, and that decision will be up to them to determine.
What could be inside information is the fact that a specific party has access to the data room and is looking at specific details to do with the mine plans or company structure, because if made public it would definitely move the share price. So I guess we'll never get precise details of which parties have seen what.
Which WAS the case for Jiangxi.....
sorry for the typo
Snowman, companies and people operate under NDA when they need to discuss information that is not publicly available, which was not the case for Jiangxi. If you look back at the press release dated 23rd November, it is stated that Jiangxi have agreed to buy their many shares "subject to the completion of due diligence". The material they evaluated may or may not be the same that you and I have access to, however it's great that they were satisfied and proceeded with the investment.
Now, if the conversation is about selling SOLG or spinning off parts of it, there are other more strategic considerations like private conversations with the Ecuadorian government, the deeper know-how and the current R&D about the resource and how to extract it, other NDA-covered conversations with other interested parties, possible partnerships, all things that would not make it to us via an RNS but are very material for someone who will invest many millions, THEN we are in the domain of the "live Data room" I asked Scott about and he was kind enough to answer in a rarely straight manner.
So, long story short, you can bet that at any given time there have been people talking to SOLG under NDA as all companies do, BUT the live data room is a different animal and if there are multiple parties active in it, then it's a good sign, and IMHO it also tells us that there is some critical content that needs to be sorted, most likely referring to the topics mentioned in slide 5 of the June presentation.
My best guess is that the topics listed in the "Advancing and derisking Cascabel" are the hot potatoes that any incoming buyer wants to see sorted out before putting a bid in.
" I stand by what I've said before, that there will be a bid eventually. But we don't currently have a buyer, so it won't be any time soon.
Sadly, I don't think the company is going to get much more saleable, you're right about that."
Assumptions:
1. That there will be a bid eventually
2. That the company won't be sold anytime soon
3. That the company isn't going to get much more saleable (which is in fact a contradiction to a previous post whereby you stated that SOLG needed to rebuild credibility and actively pursue the exploitation license in order to receive a bid)
In short, you're full of sh*t.
Snowman, you are right to be confused - the comment stuck out like a sore thumb.
I just don't like assumptions. Let's ask questions rather than make guesses, yeah? Unless you can tell me how many parties are in the data room, you're making an assumption until we know more.
Woody/snowman I had the same thought. Find it hard to believe that Jiangxi would be allowed to access MNPI via the signing of an NDA and then buy shares on the open market.
ArAgCu what I find baffling about the below exchange is you seem so desperate for it to be the case that companies have signed NDAs and not accessed the information in the data room. Do you honestly think majors would go through the trouble of engaging their legal teams to read and sign an agreement only to then not bother reviewing one of the biggest copper gold finds of the last few decades? What an absurd thought.
😂 thanks add
As an army engineer who now works in construction and is only just in your 40s, I'll bow to your superior business experience. I'm guessing you've never actually seen an nda relating to a corporate finance transaction, let alone become party to one. But no matter, I'm sure you know best.
Good point Snowman, I wonder it is possible they agreed to buy the shares immediately before signing the NDA?
I do believe you haven't witnessed that, add. At a push I can imagine there are lots of things in business you haven't witnessed...
Let's put it this way, in 40 years of experience I've never witnessed a company sign an nda and then not access the information. Whether you choose to believe me or not is your prerogative.
Willy nilly and speculative are not synonyms, add. Signing an NDA also doesn't mean you're about to do big DD in the data room.
WoodyB, I also noted he avoided saying if Jiangxi had signed a NDA or not. To me more or less hinting they have in the way he answered. But then Jiangxi just bought some shares. I would assume it is prohibited to buy shares after signing an NDA and they just did that. So I am confused.
The reason you don't simply sign an nda willy-nilly is that it restricts you from more or less any activity related to the target company and any infringement will expose you to legal action. Companies simply don't do it.
Let's hope all those with apparent NDAs have actually accessed the data room to do some DD. Otherwise all this discussion is for nothing, based on an incorrect assumption that companies wouldn't sign a speculative NDA (written by Solg's side) and then not immediately begin DD. I'll let you know the response.
Q, SM is correct.
That's exactly my understanding Sharketmare. SC expressly said various parties had signed NDAs and had access to the data room. His reply suggested to me at least that Jiangxi were one of them. He had the chance to say they were not, but just chose to say he couldn't disclose which parties had signed NDAs.
I have asked how many unique parties have accessed the data room in the past 12 months. My guess is they don't answer, or claim they are not in position to say. We'll see, but I won't hold my breath for clarity .
I'm sorry Q but your memory has let you down here, he confirmed that CAs/NDAs had been signed. It was black and white.
Good afternoon SharketMare.
You may be right.
But as I remember he was not at liberty to say if any had been signed,
So like many points, we were left hanging.