The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Fort won't answer with any sense, add. He doesn't know the first thing about the market, so I doubt he can read the prospectus!
Fort, did you see that issue mentioned in the Prospectus? I didn't.
Let's see next week
DM,possibly eats see next week
DM, come on! This is Solgold we're talking about. Even the cleaner gets $2.6m plus share options.
addicknt
shouldn't be a problem... I think they've got $4m+ missing down the back of the sofa apparently??
Whos gonna take up them shares on Monday ??TR1?
DBW indeed ,solgold next
SM, happy to oblige. £4.5m per annum plus bonus should do the trick. When do I start?
addicknt, any chance we can coax you out of retirement to take the reins and whip them in to shape?
Nick may not like that lol
Two of our board are based in Canada, three are in Australia and one is in Ecuador. And our power base is now in Canada as well. We are not listed on ASX. So, get rid of Twigger, appoint a Canadian chairman and close the Australian office.
Bubble….CGP cease to exist
Cgp delist from tsx ,all coming together now ,next week TR1 maybe
Get in !!,can you buy more please next week like another 10 million !!:(:)
Block seller now turned block buyer lol!
Gotta love ARB
DM, it would nice to believe the farcical management issues are behind us and that Caldwell, with Sangha's full backing, can push ahead and deliver. If there are any dissenting voices left on the board, I hope they are either removed or simply steamrollered out of the way. If Twigger continues to be as inept as I suspect he is, he should be replaced asap. Now is the time for a period of brutal and effective leadership.
DM, happier now?
DM, if you recall post merger news SOLG exhibited a very high level of volume for days, weeks, months. Lots of ARB traders involved too -see earlier post.
Now, come Monday (when they get their shares) they might just close out the loan. Or some might have over indulged to keep price low so they had some breathing space to get more shorts closed than shares coming to them.
I'm expecting decent volume next week as some books get balanced.
It's all market mechanics and is what t is.
What bodes well now is that CGP (main holders) are now SOLG holders and the management ramp fest... presentations, PDAC next week etc can all kick off. They will want to make sure SOLG is looking very strong and attractive and surely have some ammo in back pocket after all these dry months to do just that.
Lets see what happens, but my guess is the mm's stand to make more coin if they take the stock up rather than down especially if the door for shorters is a popular one.
Watch out for the usual BB disruption ... you know... the personal insult sort as normally a good sign that some are unhappy and feeling the pressure.
Saddle up... we are now 100% ready for interested parties as ENSA becomes one nice single chunk. Just how they like it.
Wait for bloody ages, then several come at once.
.. and I think this is just the start of many IMO... definitely feels like a sale or 'something' happening behind the scenes going on.
Fortissimo, great find...
Great recap for old investors and new alike tbh
https://www.specialsituationinvestments.com/2022/10/cornerstone-capital-resources-cgp-v-merger-arb-and-company-sale-upside-tbd/
Interesting read and good summary, thanks for sharing Fort.
Must admit I'm at a loss trying to get my head around yesterday's and today's trading.
Any CGP holders that wanted out would have forward sold a fair amount when the price was 18p+.
Small risk if the deal not completing so relatively risk free although it certainly took longer than expected.
You can bet the MMs will try and mark it down on Monday so we may have to depend on shorts closing...
We will soon find out how many cornerstone investors just want to cash out ASAP now they are able to, after being stuck with iliquid shares they could never shift over on the Canadian market...
Hopefully they at least hang around for the SR result first..