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Good morning chaps,
I wasnt able to listen in yesterday as I was at my nephews wedding on Weds deepest Essex and traveling home yesterday- Leez Priory - lovely venue
From what I have read so far nothing earth shattering on the presentation (I will listen back when i get a chance) however I sort of expected that.
Only my view but I think it feels and seems like very little happeneing as the goal now is to get the company sold - in what guise that takes I have no idea and as for timescale also no idea - I'd like to think that by the end of the year we will have the corporate transaction many are waiting for - but that would be a pure guess on my part.
I'm with Bozi - you can remain invested and indeed buy more if you feel the sale is coming although at the same time feel dissapointed that maybe the journey (and its been yrs and yrs for many of us) maybe wont yield the return a good few of us would have liked - so a twinge of dissapointment would be natural
That said I'm in the camp of 40-50p as a final outcome and higher if we do indeed ever reach a competitive scenario - could happen but who knows.
Anyway its been good to read up on comments over the last few days.
Just one last thing from me on a couple of points - it was Scotts idea to reach out and get closer with PI's and I think it was already in the plan to do so prior to my call- I merely agreed and said that I thought it would be a good idea - ie it certainly wasnt any pressure that I put on - I'm a mere investor ! However just maybe if you read between the lines its a positive that they did this with no new news per say as typically companies provide a session like this as they have something to announce - they didnt and offered themselves up to be shot down which I think is a positive. My own opinion is they are positioned for a sale and as such are watching the pennies and not driving forward with much else other than things that can help and make this happen.
All the best and good luck - hopefully we are on the home straight and hopefully before my mortgage rate jumps in 2024 !
Hey DG1, agree with your points however I was comforted to hear the current cash situation is good for a long while and especially pleased to hear from the company it's self that there are multiple NDA's signed and a busy data room. Like you I believe CA by year end is very achievable, however wonder if one of the Chinese suiters would take advantage of the traditionally weak time of year and make an offer early in the know that they have additional leverage on the Ecuadorian authorities that other potential bidders don't have - but that might be wishful thinking!
Anyway, the direction of travel is locked in and we've got interest and it's only a matter of time before this plays out. Holding strong if not impatiently!
I was trying to do two things at once yesterday whilst listening to the call, so does anyone have a link to the recording yet so I can listen again?
Have a great weekend all. C
Highflyman. Ref your post.
"Anyway, the direction of travel is locked in and we've got interest and it's only a matter of time before this plays out."
Other than, solg saying it. Wich we've now heard several times . To no avail. I might add.
I wonder if you could post the link showing we've got interest. I must have missed it.
I think a logical guess on the recent Ecuador (historic first ever) chinese FTA would say that deal was closed earlier than many expected. It was cited for latter half of 2023 but seemed to gather pace as Lasso / political pressure increased. So fair to assume that Chinese may well prefer to get something signed or pre-agreed prior to Lasso's departure.
As proven by the recent 20% increase Chinese stake in SOLG, they know value and they know the long game. It suits them. They don't have shareholders to please or lap up to like Newmont, Barrick, BHP et al. They are already embedded into many financial commitments with Ecuador so much so that Biden and his US buddies are clearly rattled by Chinese influence across South Americas.
So two ways of looking at at... 1. as sharketmare says... nothing going to happen until end of the year.... or 2. interested parties see a window and that potentially closes come early Q4. So now through to early October is possible for a first move.
Chinese know that BHP might be ready to counter any offer so perhaps they are trying to find a way that prevents that or gives them a decent return should they fail. Buying up SOLG equity (like recently) certainly covers both basis as if BHP counter with 60p+ price, then the Chinese will be making 3 fold on their 6%+ acquired stake.
Looking at II holdings, most of the Blackrock/FIL selling has been done so that doesn't leave much stock left to buy apart from bored flaky pi's exiting of course. Hard to see the chinese move trough 7% level without some II's providing stock. Global X have around 42m but have been stake building rather than exiting. Fidelity appear to have about 16m left so chance they could snaffle those if they haven't already. Morningstar data should be out next week so guess we'll find next week. Apart from those players, I can't see any other flaky II's selling or gifting Chinese some SOLG stock. Also, we don't appear to have had much selling from past CGP holders (smaller ones). I think someone posted a while ago that they thought that might see some sellers. Most seem like they are holding tight like most SOLG holders.
Nal, so, Caldwell was lying, was he?
Adic. You've lost me on that one mate. Not sure you've got the right person. Anyway you told us all you had filtered me.??????
I see the warders have released the imbeciles from their cells for their daily respite.
If only they could understand what is happening - poor souls.
Nal
The posters calling you out fir holding and being negative are extremely amusing.
Of course you can hold and be disappointed and albeit realistic about the company.
Others like DBW, Seanhunter etc don’t have a lot of choice because they are in so deep they can’t afford to have a realistic bid situation.
Just ask DBW what his last gamble, sorry I mean investment was, I’ll give you a clue he obviously likes ox based companies but the last ceo is likely to end up in jail fir corruption. DBW hung on his every word, not saying Mather is anything like Landau but DBW has form for backing the wrong companies and getting in too deep.
Seanhunter exactly the same but likes to lie to make him feel better about himself, little bit silly when his posts can’t be edited on here, but it takes all kinds……
£4.50 by Christmas.
I wonder what Slugs name will be this weekend ?
Padmaster. Interesting post claiming us poor souls don't know what's happening.
If you take the time to read the board. It appears there an awful lot of poor souls who are eventually getting the message. And are beginning to understand full well what's happening.
I'm mather we trust
Nal, I don't filter anyone.
And for guidance, I've been around for years.
Your proposition is that Caldwell was lying when he talked about the data room, non-disclosure agreements and multiple parties. Interesting. I'd like to see you put that to his face.