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The only thing that could produce a disappointing end is a forced sale at an unacceptable price...
The Mather CGP caucus and the NCM BHP vested interests can be counted on to prevent that.
SOLG has enough cash to get through 2023...a sale should be accomplished well before that.
And if the market stays deflated you'll still be able to reinvest at tasty terms...
There is that as well NoviceHunter.
I've also seen it before where someone has banged the drum about a large premium and it's never pretty when reality falls short.
Bozi, we don't know what the outcome will be. Keep focused on the asset, but I most certainly understand your frustration.
Not at all...I'm saying Scott would not be an insider if formal discussions were to start on 20 March and therefore would not be disbarred until April 13 as some have suggested.
However I'm pretty sure in my mind that Scott knows enough to at least make the award questionable...
Redknight -I could ask you the same. Where is your evidence that "almost nobody" would accept an offer of 40p?
You have none. You don't know how BHP or NCM feel. You don't know if the CGP lot would be happy with 150% and you don't know about Mather and DGR either.
I will happily, gladly, triumphantly be wrong on this given it means more £s in our pockets but it's just how I feel.
Scott options in the high teens. No updates of any substance on the company. Jiangxi placed at 16p. Nothing positive there.
Bear in mind, you'd think this management could be open with the market and get about selling the company to investors again, thus pushing us back towards the mid to upper 20s. That puts us at about 40p for an opening offer.
As it happens we've got just one trading week before April and the company is quiet. Clearly trying to make Bob's job of getting a bid to stick easier as they know that if they bring interest back to the stock Bob's task becomes more difficult.
Addicknt - to answer your question at 7:01 - I'll continue to hold because I'll take my 100% gain when it comes.
That doesn't mean I have to be happy about it.
At this stage, given where markets are in general, I've made the decision to see SOLG through to what is looking like a disappointing end before I think about reinvesting those funds.
DS, that post gave me a good chuckle. Someone needs to relieve Q of his shovel.
Understood, Cov.
Amazing even more unintelligence from Slug.
Should he check a dictionary both spellings are valid.
He remains one hundred per cent wrong.
Incredible.
Not moaning Novice , just answering add @ 7:01. Have a great weekend all
Cov stop moaning on a sunny Saturday afternoon when this does eventually go you’ll be more than 100k up trust me buddy the here and now price is irrelevant now go and spend some time with your friends or family
Well add , I am totally downbeat , and I continue to hold because I,m currently 16k down. Get it?
First thing Monday
Bubble we are talking 3B bags of peanuts hear
I really had forgotten how unintelligent Slug is.
He doesn't even understand that when a post is deleted that the count remains.
He remains the nastiest poster and most unintelligent.
I guess those attributes compliment each other.
Have you seen how much a bag of peanuts cost!!!!:):)
RK Bozi does have a basis for saying this will go for peanuts which is hope for the worst and any decent outcome will be much sweeter as in a pessimistic outlook is always better than being to optimistic
Rums all round :))
Bozi you have no definitive basis for saying this will be sold for peanuts.
That would only happen if the Board accepted a lowball offer.
There is no way that will happen, either or both because CGP would not have gone ahead with the merger and Mather has always said "asset value not market value"
So suppose there was an aggressive bid at say 40p. Who on here would accept that?
Almost nobody...
But more important the Mather/CGP caucus own over 40&% of the shares and unless it is BHP I cannot see BHP/NCM accepting a derisory bid.
So it could be effectively blocked.
So I ask again what is the definitive basis for your statement as opposed to fear or baseless speculation?
DM...no contradictions whatsoever.
Sangha started looking for buyers possibly even before October 7. Not negotiating a specific sale.
Sangha is not an 'insider'
There is no need to RNS until either until the Board has recommended a bid or if the company receives an unsolicited or even an unwanted approach.
So, say the Board accepts a negotiated bid at 75p that will be announced, but those specific discussions could still have started even the day after the Options RNS.
If there was an unsolicited bid at, say 75p you would expect the Board to announce that and whether they would recommend or reject it.
To repeat..Sangha is looking for buyers...Scott becomes involved when there is serious specific interest.
Jezzoo, yup, First class honours from the elite Alistair Campbell Academy of Misinformation and Obfuscation. Same place our board attended.
Somebody has been on an expert level spindoctor course !
Again addicknt more misinformation from you.
You say I have several thousand posts that declare I have said production is a certainty.
So everyone else can see who is telling the truth.
Just find one and put the date and time up.
Should be easy if you are being truthful.
Especially as I have only posted 7788 times since 23rd June 2011.
And not all on Solgold.
Q, I'm afraid your memory of what you said and the facts are a very, very long way apart...and seven thousand-odd posts confirm it.
Oh well, at least you've now come to realize how mistaken you were. Better late than never.
Exactly Bubble
Just need to sell it at a decent price to someone who knows how to get it out of the ground .
Billions of tonnes of rare minerals needed .