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So...with Bozi, Quady and others advancing different scenarios that don't realise as much monetisation or as early as a takeover battle...
Please "Recommend" this post is you would acceot a takeover offer at a reasonable price now...say 80p...
Why are you begging for recommendations?
Orthern …. I think it’s more a question of trying to gauge sentiment….. many will now have lower expectations than they did a while ago … myself included
I'm not begging for Recommend silly man...
Its a vote.
Its far simpler than having 20/30 posts clogging up the board.
Do you really think I'm that sad...I don't even look at recommends...
Add when it catches on the move upwards will be fast and the opportunity list .
I think the likes of Sangha , Nick , Irwin etc have simply decided they can no longer stand back and watch the value of the company be eroded from within and they are taking the bull by the horns to extract maximum value …. In that we are all aligned
So is this a Yes vote Orthern?
"I believe both sides have now accepted the only way for an acceptable pay out is to merger and try to sell"
Is it a vote? If the only option is 'yes, I'd take a bid of 80p'? Doesn't sound like a vote. I've heard of similar voting options in other 'elections'!!
If I put a vote forward of an arbitrary figure saying 85p now, I’m sure more people would vote for that… but it’s meaningless
OK so that didn't work...
Please reply Yes to this post if you would accept a takeover offer at a reasonable price now...say 80p...
Why are you so dirsruptive Orthern...?
If I just put 'vote fore a takeover bid' it would trigger another meaningless debate starting with people saying "at what price?"
Its a simple decision.
People are opining about this that and the other of possible outcomes from the Strategic Review.
You know my view...there will be a takeover bid(s) soon.
Would people accept it or would they rather waffling on with meaningless debates for a year or so as the SP drifts and they are glrund into the dust with boredom.
To put it bluntly "I want out" but not just at any price. Who's woth me?
Yes if it was recommended by the board …. Looks a realistic number ….. whether it’s 60p , 80p or a bit more it’s still multiples of where we are now
OK...at least 80p...!
Do most of the people on here want to keep reading and writing pointless opinion for months and months or would you rather be put out of your misery now?
I set out to get some clarity today, but I'm sorry, I've wasted my time.
The only thing that I can hope is that this has helped you to think through why you are here and what your ultimate goal is.
You should NEVER buy shares unless you have a very clear strategy. Circumstances may sometimes modify your strategy, but you must still have one. If you don't and just sit there hoping for the best you see your shares rise to 35p...do nothing...and end up golding them at 16.7p, hoping against hope that some good news will come along or something will happen that will boost the shares again.
But just look at the last six months...nothing has boosted these shares for more than a few days...not even the October 7 RNS...
So what I'm saying is that at least one bid is coming, unless you boot out the people who are trying to get the best value for the share.
If you vote them out, expect a lowball BHP takeout within weeks...
Red I don’t think the Chinese will have wasted their time and money to sit and watch their shares drift into BHP’s hands ….. they are not big fans to say the least ….. it’s game on and the market will wake up soon
So Talatum says "The directors have made up their minds as to the direction of travel which is to go to production."
Where is the evidence of this as opposed to Sangha, Irwin et al clearly indicating a takeover...?
You seem a bit tetchy this morning, Red. Bad night?
So can all the very intelligent posters on here (and no I'm not being sarcastic) answer me this?
Why would "the biggest copper producer in China"; a"lso involved in the exploration and exploitation of copper, gold, silver, lead and zinc" spend $30 million buying 6.3% of Solgold?
This represents 0.15% of their total assets...?
As an investment?
As an act of charity?
Or as a toehold for a bid for a company whose prime asset has a NPV of $2.7 BILLION, i.e. 13% of its total assets and an armlock on the second biggest new source of copper for the next 55 years.
And why did they only pay 16.8p?
Well at the time that was only a discount of only 2% on the SP the day before and...
A discount of only 7% to VWAP...find me another deal that good...?
So what this stake does is it gives a highly credible potential bidder a toehold in SOLG from which they can launch a bid which at 50p would look generous to them compared to the drift of the last six months...
It also forces BHP and NCM to make a decision...because...Jingxiang and the CCP are a credible biddr as the Chines seek to build a stranglehold on all EV critical metals, those two majors must decide why they are holding and what they will do.
Having conducted their own strategic review, NCM decided to continue to hold SOLG as a 'strategic investment'.
In which case they surely will want their money back at the very least. Sangha brought them to the table.
Mitsui also has to decide what they want to do, having told the Ecuadorian VP MIning that they wanted a stake in Cascabel. As The Australian reported on 14 October 2022:
"Japanese commodities giant Mitsui could emerge as a rival for BHP and Newcrest in the development of SolGold’s South American copper project."
And BHP must decide, having been diluted to 9% with an investment worth a mere £52m or 0.05% of their total assets, whether to make a bid or sell out to the ultimate bidder, because there is no way they could sell their stake in the market other than to another interested party. And they would hate this prize to go to the Chinese...
So I repeat...why did Jiangxi buy 6.3% of Solgold...?
Red ….. you’re preaching to the converted in my case ….. it’s plain as day
Just frustrated addickt....you're a breath of fresh air...
Theres a glimmer of hope but...
Takeover bid currently has 11 votes, but...
"Why are you begging for recommendations?" has six...
You couldn't make it up...
Thanks mate.
Red,spot on that's why its being sold to highest bidder and why not?IN NM WE TRUST
Hallelujah Bubble...post of the day...
Time for a coffee...
Redknight your making it up again.
Show me anywhere that says NCM have decided to hold as a strategic investment.
NCM have said on more than one occasion that they are not selling their holding and will look for opportunities to increase.
Q …. They were undecided what to do with their investment after their board member stepped down.
They then said they had decided to hold their shares as a “ strategic investment “
Quady do you honestly think they would state that?,they don't have to Red I right ,its his opinion that we all agree on except you ,all you want to do is pick an argument here
I would take 40p because i'm sick of reading your drivel every day. I don't know where you and some others have the time to post nonstop every day about what if fantasies, I read this board logged out but it's time to stay logged in and have my first go at the filter button.
Good riddance and Goodbye Redknight. yawwwwwwwn