SolGold Share Price (SOLG)

BHP

https://www.proactiveinvestors.co.uk/companies/amp/news/971696

“ Perhaps, instead, BHP will look to gobble up single asset companies like Horizonte Minerals, which now isn’t that far away from production at its Araguaia project in Brazil. Araguaia has long been supported by Teck Resources, so it may be that BHP will have a hard time muscling in there. And it may be, too, that it’s learned caution from its recent experiences of conflict on the share register of SolGold, which owns Cascabel, one of the few large-scale projects it’s bought into in recent years”

Yes there must be situations sometimes where as a result of a corporate action, shareholders receive something that isn't ISA eligible... you would hope you'd get the option to have your broker sell whatever it was on receipt and deposit the cash into your ISA, otherwise it would be unfair in terms of the tax treatment. Anyway, hopefully not a situation we will have to worry about with Solg.

Thanks rcgl2, I didn't realise they would retain a listing on LSE. I guess the question is still open if another suitor, not eligible for ISAs, were to do the same.

Let's hope it is a cash only deal anyway. And plenty of it

I am guilty of hanging on to stocks on the downward slide myself UNB1 and yes bloody frustrating. In retrospect I should have top sliced when we hit 28.45p before the New Year, but hindsight is a wonderful thing.

I am defiantly guilty of being over-positive and always read and digest the counter arguments, and yes there are folk on this BB who know their stuff so it's great to get their insight.

best of luck in the coming months UNB1

ToS, you are so right. The clock is literally ticking here towards the AGM. Cannot think Solgold and particularly DC are up for option 4. No way! There are just too many permeations and info we as PI's are not privy to, to come to the correct conclusion and the direction we will take.
And even if it is funding and to become a miner, a major could still come with an offer that would seriously need to be considered and sweep us off our feet!
Before there were rumours BHP were to make an offer for Newcrest. If that is the case, of a take over, I would feel doom and gloom for us with approximately 28% in BHP's hands.
Barrick Gold's Mark Bristow is a man who understands working in problematic political environments and I wonder if the 21MOz of gold in our core has caught his attention? Could Barrick be interested in a JV? Would be nice to know?
The 50 year copper resource must have prickled the interest of many of the majors, but who has shown an interest behind closed doors? I guess time will tell and all revealed in the coming months! GLA
Then lastly, have we found the finance to go it alone? Has Ingo been successful because if he has, we are in a powerful position. This will obviously depend on an excellent PFS/DFS.
I cannot understand that if our explorers are so successful with 1st holes, we cannot find partners to JV the drilling at our long list of tenements? Our money is not infinite and the hat will be going around quite soon for more drilling.