Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Good morning sire_frugalman.
Just trying to keep things in perspective.
I personally think the strategic review is of more importance now than I did a few hours ago.
Wondering how much longer it's going to take.
Serious mental gymnastics going on there Quady
Thanks Fort, good points. I think WI knew exactly what he was doing when he made those comments:
1. trying to stoke this up;
2. making sure he is seen as in the know and driving this, so he gets the credit when it happens
Now I want to make it clear that I don't believe the statement I am going to make as I am not of a devious nature and I don't buy into conspiracy theories.
What if Solgold were sorting out financing to start construction.
We would need the share price higher.
What better way to do that, than start a rumour that we were going to be sold.
That would make a placing more attractive and easier to bring in funding.
What price when the RNS comes "confirming discussions with interested parties"?
what Nick Mather wants, and what Nick may actually have to settle for could be 2 very different values..
It has been said, its very timely for Irwin to have a supposed slip of the tongue, the day before CGP holders are free to exit their long held positions and dump on the market..
Fort …. It should be quite straightforward unless they still have plans for the CGP shares …. ?
Whilst I wasn't really expecting TR1's from NCM and BHP because they were shoddy after the Chinese placing, I was expecting all the others to update such as DGR, Tenstar, Mather et al.
Ha Sharket
DBW it's you that have been 100% wrong.
You and the great uninformed on here have called a bid so many times.
I am saying up to now that production was the most likely outcome.
Let's see what the strategic review says.
I don't trust Irwin, but he may have let something slip.
Quady, I wouldn't miss this for the world.
Woody,
I wouldn't worry about what Irwin wants as a return. He's a smaller shareholder compared to the likes NM/Tenstar/DGR and then of course NCM and BHP. It's the bigger boys that will ultimately dictate what ENSA goes for as it will need a vote to pass the deal. Irwin might be happy with 25p or 30p. But I don't think Mather nor BHP / NCM would be happy with that and likely to see counter offers from BHP if the price is below what they believe to be decent value.
At end of the day, just need the first deal or bid to be revealed. If it's low ball say 25p to 30p range, then I'd expect we'd see subsequent bids from others follow. Doesn't really matter what the first bid is as in theory 'real value' based on the asset to should win through. Just the eternal question of whether it's ENSA and a spin off proposal or a full takeover over lock stock and barrel.
SharketMare haven't you filtered me yet.
I really have no time for your trolling.
With the Chinese trade deal and Ecuador minister mentioning the mine will start Cascabel build next year - do you think they are aware the Chinese are negotiating to buy the mine
Elitism
“Let's see if he is humble enough to admit that he called it wrong”
Lol
And so stage 1 of the reverse ferret begins.
Why Indi, I have always said I follow the evidence and facts.
We still await the strategic review.
Interesting times.
Quady, I've just fallen off my chair ! ! :-)
Good morning Eloro, well timed, just saw the presentation.
I agree this is the first bit of evidence we maybe inviting a bid.
However I will temper that with he planned to say what he said in a deliberate way.
Just watch that bit a few times.
He wants people to think the Chinese are going to bid.
Maybe, maybe not.
But as I said first bit of credible evidence we have had.
Excellent find Eish.
Thanks QP
Thanks Fort & Add, just trying to roughly work out what his target sale price is
He said he's held for six years. If it was 2016 he got them cheap, if it was 2107 it would depend upon what time of year he bought as the sp peaked at 40p during that year.
Where is Quady?
He must be gutted that Warren mentioned selling and not production, nor jv.
Let's see if he is humble enough to admit that he called it wrong. Or, will obfuscate by saying that he always expected a sale?
I think Irwin's stake in CGP originated some years ago so likely around the 5p levels on a comparable to SOLG. He said in the video yesterday that he had already done very well froths investment implying multiple returns albeit 'paper' and to realised just yet. But as he clearly said... 'trying to sell it to the....' suggests he expects 'shareholder' value (as stated by new management in RNS's) to be returned to shareholders. He like other were in very early doors has been waiting a long time for this monetisation event.
Does anyone know approximately what Warren Irwin's overall average SP investment is now in SG?