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Solgold please give us shareholders something in the form of good news or the direction the company is moving in- no new JV's for other properties- when is the last time we received any good news?
At this price any takeover would prob start at 30p is, 50%+ to today's price, come on someone, kick off a rumour...
Sorry Dave but I think you're off the mark there...
Any prospective bidder would need NCM, Blackrock and Norge to sell to them and in my opinion that would take a minimum of 75p..especially if BHP was the buyer...
I still expect a bidding war and a final takeout after countered(s) of between £1 and £2...
A pretty solid day today...bottom being formed or shorter closing for the weekend...?
They might try it on and start at 30p though, with the current SP where it is, but would expect that to just be a starting point for much higher offers. Good to see a bounce back, along with most stocks today.
Dave
I agree someone might try it on 30-40p but it might not be BHP as they can’t afford another fail
Dreamboatwarrior, i do not see why anyone else would try at 30p. when they know bhp are in the background and would come in with a counter bid that would be expensive to match.
Agreed …. To some extent, whoever did it would fail but (for argument’s sake) if someone held a small stake and made a lowball offer it would increase the value of their own stake if nothing else …. Say Valuestone’s mother company?? Jiangxi are huge and it might well spark the bidding war they would want and would probably win …. This could well be the ace up Nick/ cornerstone/ CGP/ & Tenstar’s cumulative sleeves ….. it’s a stretch I grant you but guesswork is all we have ….. oh that and a diverse register
Guys many a slip between the cup and the lips !!! Long way to go here but Uber positive. No point in churning over the last week only look forward to great things to come :))
Have a great weekend all
That makes a lot of sense DBW...who's to say that Jiangxi wouldn't EITHER counter a first bid by say BHP or throw in a lowball, expecting a counter and then wade in with a knockout bid at say £1.25...
Oh and Talatum why is there this expectation that BHP would be difficult to match?
They only have 13.7%. If another predator bought Newcrest's stake they would also have a starting 'pot' of 13.7%...indeed c23% if they bought Blackrock and NORGE as well...
Right now all options are possible. Just because BHP have been creating mayhem doesn't make them the favourite...far from it...surely the Board would favour almost any other bidder at the right price...
And Darryl has 10 million options that say yes...
Thanks Red I always respect the views of my elders :)
Just find Jiangxi’s participation for a tiny amount more than a coincidence…. How many other holdings could they have under the 3% declarable threshold??
And Valuestione were introduced under Nick's regime...
They could have 2.99% by now...not enough to secure a bid but a good starting point and I expect Jiangxi have limitless funds at their disposal...
Here are Valuestone's targets:
Geographical Focus:
-Management teams and holding companies located in the US, Canada, UK, and Australia
-Target assets primarily located in politically and economically stable areas.
Types of Natural Resource:
-Precious metals (gold, silver)
-Base metals (copper, molybdenum, zinc, lead, tungsten)
-Other (iron ore, lithium, graphite, potash, phosphate)
Types of Investment:
-Equity
-Convertible debentures
-Royalty/streaming
-M & A, restructurings
-Capex financing
Stage:
-Bankable Feasibility Study Stage
-Construction Stage
-Operational stage
Ooh red your getting closer :):), give it another go my friend before the real one arrives .......c.....o:):), DBW. I've said it before BNC and Pinot will have an idea ,just my theory though , question... Who did NM clear before Solomon Islands and cascabel ?, Again just my theory doing your homework sometimes is worth while imho I'll leave it at that ,I do hope things turn around for all lths in NM we trust gla
BHP fell heavily this week. I wonder if the market's picked up on something about a bid for SOLG?
schlemiel - don't be silly. remember Solg's motto:
"Nihil subito happenedy"
Z
Hi bublé
What do pinot & I know matey?
R's
BN.c
Lunch...if that was always true, why did they invest so long before that stage...?
Indeed they invested before the PFS was completed and their funds didn't even go to Cascabel...
"The proceeds of the subscription will be used by the Corporation to advance the Company's 100% owned Porvenir Project located in southern Ecuador."
They paid 42p so was it a 'foot in the door'...?
What happened in the early days BNC,clue?, Minerva ?,maybe I just shut up ,enjoy your weekend
How's lundin getting on in Ecuador?
Evening
Bubbles
The clue you give.. i will put in another its also in SOLG name.
You've lost me Bublé
You'll have to be a little less cryptic m8y
Maybe ketchup tomorrow
r's
bn.c
Or mango chutney:):),just my theory ignore me
Try this...
Sumitomo Corp has a 26% stake in Oresteel, which owns a controlling interest in Assore Holdings which has a 50% stake in Assmang.
Assore Holdings has increased its stake in Atlantic Lithium to 23.79% in April 2022.
Vincent Mascolo recently died. He was the CEO and founder of Atlantic Lithium.
Vincent was also a best buddy of Nick Mather and cofounded Solomon Gold with him.
Vincent was also a NED of DGR Global until 2021.
He founded Ironridge Resources, which spun off Atlantic Lithium a few months ago.
DGR Global owns 24.4% of Ironridge...
DGR Global owns 9% of Atlantic Lithium
So maybe the untimely demise of Vincent Macolo has triggered a determination by Nick to pull everything together...
Sumitomo Corporation, a subsidiary of Sumitomo Group, has a market capitalisation of $17 billion...it has a South American subsidiary and a commercial office in Ecuador...
So it seems they are putting together a portfolio of mining companies in various critical metals, including nickel, lithium and maybe now copper and gold...
They could swallow Solgold for small change...
Am I close....?
Red, I'm sorry but your post isn't accurate. IRR became ALL (listed on AIM and in the US, ASX listing this month) and Ricca Resources (unlisted). This was to spin off the lithium (ALL) from the gold (Ricca) assets. IRR no longer exists.
There is some speculation that Nick/DGR has been selling down his ALL holding to free up funds to participate in a SOLG fundraise. ALL is undervalued and about to release an industry leading PFS.
I expect a big bounce on Monday morning, the start of a push back into the mid 20s.
We've been punished enough for that failed fund raise and the disastrous communications.
People will start to see sense - and a bargain.
Let's hope your positivity is not misplaced Sean. I fear it may be.