Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Zak Mir chart says 28p soon
https://m.youtube.com/watch?v=nUYFIZnZDHw
GLA
BHP are not worried about Jiangxi's small stake in a small explorer, Fort. They don't spend as much time dreaming up hypothetical scenarios as you. They have a rather large mining business to attend to.
Despite what fort/red will imply (all day, every day, for years on end), no large company is going to be forced, tricked, rushed or cajoled into making an offer for solg.
One simple thought experiment to try: if any of fort's arguments hold water, wouldn't we have a TO bid from BHP by now? Alas, for many years, we haven't, which rather proves my point. Relax, wait it out, enjoy the rise. Don't believe the liars who promise an imminent sale.
addicknt,
Thanks for the update . So Nick and crew own 37.5% we own 36.65........ in short collectively 2/3 of solgold.
This bodes well as the momentum builds for a takeover , at least the likes of BHP or NCM are not calling the shots at this stage.
Apropos of nothing, here's a gold/copper porphyry that has me excited.
Collective Mining cnl.v. Repeatedly drilling 300m of 3g/t gold equiv...which is economically more appealing than your solgold signature 1000m of 1 g/t, despite the similar gram/meters. Not all that cheap, but with clear 10x potential even now, imo.
josepi, the company states 36.6% of the shares are held by 'other' shareholders i.e us and the various funds with non-declarable stakes.
If you were BHP and really wanted SOLG, would you just wait for Maxit to get it all tied up with Chinese or other parties involved? My point is, they can slam in a low ball at 35p or 40p and then SOLG have to come out and defend it. What if Maxit don't have an answer that makes some feel comfy? What If BHP's offer has timeline and SOLG are forced to tell shareholders to not take up the offer, but then quite a few doubt Maxit's ability and take BHP's offer. You can see the kind of disruption and head spinning/nervy stuff that can be generated. The Chinese and Maxit (if true) might not be ready to declare interests (eg trade deal not done yet etc etc.
I always look at these things as being a game of cat and mouse. Sometimes the inferior one (BHP v Chinese) has to try and catch the bigger one (chinese) off Guard.
If you look at it another way... what happens if BHP wait for Maxit to reveal Chinese deal. They either top that offer and get into bid war or they roll over and give in. What's the advantage in waiting? So perhaps the disruption route is their best chance and puts a cushion up to bobs bat? They might still lose out but at least they gave it a go.
SharketMare Maxit and CGP are separate organisations.
Also CGP are made up of many investors.
Redknight has about 10% and rest of us about 5%
What percentage of Solgold is in the hands of us (mere mortal ) joe public ?
thanks
Hoping for a run into close today ,would be positive imho
"The diverse book, is now more diverse and any bid that stands a chance of success, must have all the main holders on board and the biggest holder is Nick Mather."
I look forward to the day where the diverse book theory, one of the wooliest theories to appear on this BB is finally put to bed.
The biggest holder is not Nick Mather. The biggest holder(s), according to the latest presentation, is the 23.7% held by Cornerstone and Maxit Capital. Then if we tally up DGR (Mather), Tenstar (also purportedly Mather) and Mather himself, we reach 13.8%. Followed by BHP and NCM on 10.4% and 10.3% respectively.
Given Mather's comments last year to DGR investors, where he stated that the aim was to sell the stake in SOLG, we can fairly assume that we now have 37.5% of the company (Cornerstone, Maxit + Mather's holdings) all pulling in the same direction. This makes the book LESS diverse, because there are now MORE shareholders pushing for the same outcome - a sale.
FWIW, I don't see why BHP would bid for SOLG now in order to interrupt the talks we may or may not be having with Jiangxi or other interested parties. If they have a price in mind that they are willing to pay, it would make more sense to bide their time, as they have done to date, and then counter any bid that SOLG's board recommend to shareholders that comes from Jiangxi / a third party. For Jiangxi, lodging a relatively low bid for the company seems like a no brainer. If it's countered by someone else, they've made a tidy return on a 9-12 month investment. If it isn't, they've picked up a Tier 1 for a very good price.
Nice to see us moving back towards a more acceptable share price. Now is the time to get this sold if there ever was one.
As you know, I've always favoured Barrick....
Correct Talatum , not only will BHP not bid, but they are on the other side of the equation and will potentially block bids.
The diverse book, is now more diverse and any bid that stands a chance of success, must have all the main holders on board and the biggest holder is Nick Mather.
Z, I wonder if WI had Barrick in mind when he talked about gold miners having to after copper/gold discoveries?
dinnermoney, BHP have not bid so far so why should they then come up with a low bid just to force the hands of other players. They would only do that if they wanted to get rid of their holding for a decent price. the risk for them then would be that they could get lumbered with their low bid if no one else comes in.
...................or.............
Barrick?
Z
Personally I think it's better we are rising on no news, if we get news then yes it will spike but 100% will fall back again.
I would love to know the reason why we are rising but I am sure no one on here will know the true reason.
This is my 3rd year in Solgold and every year it has risen around this time only to drop back down again, Hoping this year is 3rd time lucky :)
And red before you say anything it wasn't me who sold out and your posts earlier gloating and making fun of people just goes to show what kind of human you are.
haha you really have nothing to do all day Fort or maybe you are paid to post here.
Thanks Ray, you too.
24p by Friday.
Let's see.
should clarify that 35p would be deliberate low ball. End game should see double that Chinese and BHP go toe to toe. But no guarantees.
Metals seriously in favour and copper set to explode during next 36 months.
Persevered *
Yes, all good but at what price would we need to be hitting before someone runs to the FSA asking for a market update due to share price rise etc etc.
I'd think we are ok to rise to early 30's before having to be pressed on whether we are in talks or not.
Markets push sp's down and up etc but always seems that we have to have a market notice if increases in sp substantial. Probably mm's begin hurting once past 23p as stock thin on ground and sellers look absent.
Fingers crossed jezzoo, glad that you preserved and will earn from this.
GL
Rising too fast I think, if it spikes it will retrace back to under 20p until the next period of positive sentiment.
Needs good news to peg it so it doesn't deflate.
I have a feeling an RNS is imminent.