Member Info for Almostdone

It did seem over the last 3 months that a definite rates rise would happen with the price of oil. Quite a few shorts have increased their positions, I assume with interest rates likely to rise.

Here’s hoping rates stay where they are.

Sounds very familiar to the waste to energy testing done at the university of many years ago.

The wolf has changed it’s clothes.

Never seen so many small trades like this, one’s and two’s all at similar times.

Blakster

You forgot to mention the whisky in bonds.

BHP backs the next wave of exploration and technology talent in its biggest Xplor intake yet

MELBOURNE, Australia, Feb. 01, 2026 (GLOBE NEWSWIRE) -- BHP has selected 10 early-stage exploration and technology companies for the 2026 BHP Xplor program, marking the largest cohort since the program began and its fourth year of operation.

The 2026 cohort brings together junior exploration companies, geoscience organisations, and technology teams that collectively span the discovery system. It reflects a more connected approach to early-stage exploration, where geological insight, data, and emerging technologies increasingly intersect, and where collaboration across disciplines is becoming central to how discovery evolves.

As

Looks like volume moving the share price but not showing on Lse trades.

I’ll assume all the trades at 4.8 so far are mostly buys, but showing as sells (depending on the spread), anything below I think will be sells.

If we believe the RNS today (which should be an honest report) then from mid February onwards there should be some real progress.

Just got to sit tight for at least 6 weeks.

Regarding DGR’s percentage of solgold, Mather does not have control over the solgold holding on the voting of acceptance or refusal of any offer. Would the shareholders of DGR vote independently on the offer or would it be the board’s recommendation excluding Mathers opinion?

Get buying Laura, keep the share price up

BHP may be taking a calculated (gamble) position that JCC is blocked and any other Chinese co. as mentioned earlier and then could offer something similar to JCC 28p, knowing Solg is strapped for cash.

If blocked I assume the share price would fall back, the Solg board would then be cornered.

BHP : happy

Western Gov.: happy

Small shareholders: most not happy

Black rock reduced their short . .02%. 16th Dec.

This is a report from two days ago. Nothing from Solgold or JCC to what the report is suggesting.

But would explain the silence from Solg. and why no other bidders showing interest at the moment. Especially relating to the size, capx,

Paragraph from discoveryalert.com.au

BHP backs Chinese SolGold takeover bid as global mining consolidation accelerates through strategic partnerships that reshape copper supply chains via innovative risk-sharing mechanisms. Major producers increasingly leverage minority stake frameworks to access high-potential assets while maintaining capital discipline, signaling a fundamental shift from traditional acquisition models toward collaborative development structures.

Strategic Alliance Architecture in Modern Mining Transactions

The collaboration between BHP and the Jiangxi Copper Consortium demonstrates how contemporary mining deals prioritise strategic positioning over outright ownership. This $1.69 billion acquisition of SolGold represents more than a typical takeover, establishing a blueprint for international cooperation in critical mineral development.

BHP's 10.3% shareholding provides significant influence without majority control obligations, allowing the Australian mining giant to participate in Ecuador's copper development while sharing geological and political risks. The consortium structure includes Newmont Corporation, Maxit Capital, and SolGold management, creating a 40.7% voting bloc that ensures aligned decision-making across multiple jurisdictions.

Furthermore, these copper investment strategies demonstrate sophisticated risk distribution approaches that maximise collective capabilities while minimising individual exposure.

Shareholder Coalition Mechanics

The multi-party consortium structure represents sophisticated risk distribution across geographic and operational expertise areas. BHP contributes technical mining knowledge and capital markets access, while Jiangxi Copper provides processing capabilities and Asian market connections.

Newmont brings operational excellence standards, and Maxit Capital offers specialised emerging market investment experience. This coalition approach reduces individual exposure while maximising collective capabilities, particularly important for projects requiring extensive permitting and infrastructure development in emerging mining jurisdictions.

Is The date JJC have to make a firm offer is from when Solg officially announced the offer? If so then Solg board have chosen the Xmas holiday period. Most pi’s will be on holiday’s or busy doing family stuff.

Strange time to make this takeover announcement.

What if solg have approached BHP etc. to see if they have a response to the Chinese offer, and they have declined to go above 28p. That would surely leave the board to say to us pi’s “Minded to accept “ .

Apparently AI gave a percentage of acquisitions that are fought over, 5% of M&A .

Do any of us read any posts that have NAL or stack in the contents.

Continuous Disclosure Obligations: Companies listed on public exchanges must comply with continuous disclosure rules (e.g., those set by the SEC in the US or similar bodies globally). They are required to disclose any information that a reasonable investor would consider important in making an investment decision [1, 2].

Material Non-Public Information (MNPI): If the target company has MNPI that needs to be disclosed to the public, it must do so, even if the news is negative and might jeopardize the acquisition [1].

Negotiated Provisions (MAC Clauses): While the obligation to disclose remains, the merger agreement itself will contain specific clauses that address this possibility.

"Material Adverse Change" (MAC) or "Material Adverse Effect" (MAE) Clauses: These standard provisions in acquisition agreements allow the acquiring company to potentially withdraw its bid or renegotiate the terms if a significant negative event or piece of news occurs and is disclosed before the deal closes [1, 2].

The target company is still obligated to disclose the news to the market but must notify the acquirer and potentially allow the acquirer to exercise rights under the MAC clause.

Board Duties: The target company's board has a fiduciary duty to act in the best interests of its shareholders. Withholding material information from shareholders would violate this duty and likely breach securities laws [1, 2].

SHARES FALL AS INVESTORS WEIGH DEAL

Despite the sweetened proposal, SolGold's shares fell more than 10% to 25.1 pence on Friday, trading below the bid price amid broader investor scepticism over big-ticket mining takeovers.

JCC's bid requires Chinese regulatory approval for outbound investment, a process the state-backed miner has already begun, though such approvals have become more complex as Beijing scrutinises overseas acquisitions.

The acquisition would give JCC control of SolGold's flagship Cascabel project in Imbabura Province, home to one of the world's largest undeveloped copper-gold deposits in South America.

JCC, whose footprint extends beyond China and Hong Kong to regions such as Peru, Kazakhstan and Zambia, holds a 12.2% stake in SolGold. It has won support from other top shareholders BHP (BHP.AX), Newmont (NEM.N), and Maxit Capital, collectively representing 40.7% of shares.

I’m not expecting any further news from JCC until the deadline to make the offer formal.

The shares will then be acquired at the 28p offer price. 26p did not entice the major holders to accept, therefore I’m expecting the JCC to maintain the 28p offer.

Can we assume the offer of 28p will be the minimum?

BHP etc did not agree to roll over for 26p which I assume the Chinese tried.

Has L & G been duped as well as pi’s

Buying upto yesterday and maybe today.

Or have they been part of this takeover fiasco.

Even buying a house there are usually two or three bidders.