Member Info for addicknt

Nobby's doing a great job for us. In a short space of time he's changed the political landscape for mining and Ecuador is now firmly open for business. He clearly see the country as being the next Chile and understands the huge economic benefits for the population. Let's hope the electorate see it that way as well.

I believe the next election is in Feb next year, so in order to remove any uncertainty we need to have flogged Cascabel before then.

I think the interviewee dismisses the environmental issue too easily. It is a serious issue, but luckily not for us.

That was a turn up for the books. Joshua is so inconsistent, sometimes he can be truly impressive and on other occasions he looks as if he barely has a clue. The one thing this fight did show is that Tyson needs to up his game. Last time out he looked flabby and out of condition. He's now at the age when if he wants to avoid humiliation and risk of serious injury, he needs to train twice as hard.

I guess there will have been plenty of ten percenters who traded the share over the past two weeks.

As if there's some kind of tug-of-war between two evenly matched teams going on. Eventually one side will tire and I know which one my money is on.

Needabrain, believe me, if you do decide to disappear you really won't be missed. Not once have you ever said anything of interest or value and I'd recommend you spend more time with animals of similar intellect - sheep perhaps?

I see you've refused to accept you were wrong...again. What an utter fool you are.

Nal, I unfiltered you because I wanted to read your latest amazingly insightful post.

Can you please show me where I mentioned the PFS in my post? You won't find one so I'll accept your grovelling apology.

Look, I know you find reading a challenge, but perhaps it's time for you to ask one of your grandkids to give you a hand. It's quite astonishing the way you manage to read people's posts and then get either the wrong end of the stick or to wilfully misinterpret them. Life must be a real struggle for you and frankly, it's pretty amazing you've actually got sufficient intellect to remember to breathe.

It's easy to imagine a potential buyer who's been in the data room saying to SC that if he can get an updated IPA their interest will progress from tyre-kicking to a more meaningful engagement. In fact, I imagine every interested party would have said the same thing. This week was a highly significant moment for us and to my way of thinking we've overcome one of the biggest hurdles.

So come on Barrick/Chinese/BHP and uncle Tom Cobley, submit your first indicative offer. We know you want to!

'84, as it happens, no I haven't. But I take your point.

The Barrick situation is very strange. Bristow's acquisition criteria match our profile to a tee, and yet he's previously said he isn't interested. Maybe he's changed his mind?

Silly boy, Eish. I was using it as an example. Mind you, I'd be perfectly happy with a quid.

Why on earth would you actively welcome more dilution?

RK, for sure over-paying is a common mistake, but my point is simply that it's best to start from a strong position. If we were currently at 50p and Sangha did a good job, I'd be hopeful for a quid.

Let's hope we can have some more positive announcements which propel us towards a more sensible price. £250m for what we have?! It's a bloody joke!

I'd like to join in the d!ck waving. I'm a pensioner and didn't earn anything like 740k and got terribly excited when my state pension went up by 8%. I realise this makes me a lesser person, but I'll try my best to cope.

BBG, I didn't say you did. I said 'for the sake of argument', in other words it was simply an example.

In 45 years of investing, participating and watching markets, I have only once seen an advisor who hardly worried about the starting point of a negotiation, and that was the legendary "Bid 'em up" Bruce Wasserstein. Admittedly, his tactics were sometimes somewhat dubious, but no one has come close to achieving what he did.

BBG, you ask 'what's weak about Solgold'? The obvious answer is, the market cap.

If SC/NM/Sangha held no shares I could understand your point, but they do and have significant investments at stake. It goes without saying they will want the highest price possible and the way to achieve that is to have a starting point for negotiation at a meaningful level which is nearer to our true value.

For the sake of argument; do you really believe someone would be willing to pay £1.00 if the prevailing sp was 8p?

Q, the thing is SC and Sangha have both raised concerns. Have they asked the Exchange to have a look, or are they satisfied that no manipulation is taking place?

Also, how likely is it that investors would look at us for the type of action you describe?

An investment bank which is acting for a seller is motivated by a fee structure which is based upon a sliding scale. The higher the value, the greater the fee.

A buyer will look at a depressed valuation and will low-ball his offer. Provided he's disciplined, he'll have a fixed idea of how much of a premium he's willing to pay and this will be based upon him having to justify to his own shareholders the price he paid. No CEO likes being accused of over-paying, particularly in the mining sector where it happened to the enormous cost of shareholders and CEOs lost their jobs and reputations.

A good analogy is selling your own house. Unless you were a distressed seller, would you really market it at a huge discount to its true value in the vain hope that will deliver a better outcome? The trick is to manipulate buyers expectations and the exercise is a psychological game.

BBG, let's put it this way, never in my professional life did I ever come across a situation in which a company tried to do this. Trying to negotiate from a position of weakness is a fools errand and the idea that an experienced individual like Sangha would pursue such a route makes no sense at all.