Member Info for BP1234

I doubt they'd rns this if things were going their way....

We're all agreed (I think) that 28p is a stitch up but it begs the question as to what figure they need to increase it to get us to change our votes from no to yes . Assuming, of course, that retail vote will be crucial

And what would be the figure for the institutions who don't appear to have been too bothered by yesterday's rns ?

IMO an increased offer is still the most likely outcome

Right now there'll be frantic phone calls to the Chinese begging them to up their offer to get the deal over the line. Board changes could be costly for some - not just in monetary but in reputation terms. They're in the same class as Mandy and Starmer imo..

Fraudsters trying to bludgeon their way to this bent deal . They talk about the need to dilute at a significant discount to today's price....well. I wonder what the share price and the "discount" could have been if they not gone down this road and done their job of promoting the company to achieve maximum value . We could have been in the 40s by now

It's a NO from me

Well I wouldn't mind hearing Dreamboats comments on this subject . I always found him to be fairly credible . Has he sold out too based on this info ?

Good link Panda . How the hell can they sign that and hand over Cascabel to the Chinese a week later ? It doesn't make sense

Great reply, Bozi . Perhaps you will elaborate as to why the institutions won't act in their own financial interests ...?

Try to use more than two different words :)

Bozi - the average of the institution's holdings is largely irrelevant. If they can screw more out of the Chinese by voting no.... they will do . Same as the rest of us

NRL - On the website (not the app) look on right hand side below messages and click on Shareholders Meetings . From there you should see details of the solg voting :)

Qube at 2.63% ...

Dan himself made an off the cuff remark in one of his interviews. Describing Solg as a copper/gold outfit he said that should be "gold/copper" - emphasising the gold . Can't remember the exact words but that was his implication

With gold going through the roof in this new weak fiat world it would be criminal if this was pushed through at 28p . If there isn't a strategy behind this bid acceptance (and there might be) then the word"criminal" might be appropriate...

Good work, Panda. I find this meeting very encouraging

I tend to agree with you Profit that an acceptance of a bid, however low, is the correct strategy to entice others to bid

Whether that is the real motivation is unclear... Dan and co could just be selling us all out plain and simple and all this be part of the arranged agenda. The lack of any news whatsoever recently backs this view up

The worst aspect of all this has been the readiness of BHP and Newcrest to agree. I didn't forsee that . Could it be that that's all part of the bluff ?

We shouldn't forget also that any counter bidder is in a race against time regarding the Franco buy back clauses . It's in everyone's interest to get it over asap

Anyway, I'm still holding all my shares and hoping for the best

BTW.... anyone know what's happened to Fort , he hasn't posted for a while ?

That's a great post, Damers - and is the reason why I for one have not sold any shares yet. We'll find out soon enough whether the board's strategy (if there has been one) works or whether they're just cashing in . Game still on

Now can we get

back to Putin, climate change and heat pumps ? :)

https://x.com/i/status/2006761350425620653

it's hard to believe dan would tweet this about on new year's day regarding the momentum of the share price while just having killed that momentum with a sale at just 28p ... below the recent price of 31p+

either he's taking the ****s - or hinting at something else

"Woke" is another one of those poncy horrific words . I have never heard it used in normal conversation - not once.

Anyway, we digress. By Feb, March at the latest we'll know if Dan has played a blinder in getting bids out in the open, Noront style, or whether he was always a stooge to give away the company for buttons

It could still go either way, the 5% appendix 111 clause gives us hope. "Irrevocable" might turn out to be another meaningless word...

Thanks to Pad for the Redcloud research note. The last paragraph is interesting. Update on resources and a lot of news due before year end....If we don't hear anything then Dan and the board have some very, very serious questions to answer ...

"We plan to update our estimates once the UG resource at TAM is published as well. Upcoming Catalysts: 1) Cascabel DFS (Q4/25-Q1/26), 2) ESIA submission (Q4/25), and 3) Portfolio optimization and formation of an ExploreCo (Q4/25)."

The further the price drops the more likely people will resign themselves to the 28p . All part of the game

While I'm here, can I ask Rodney what is the purpose of his share register ?

I made a similar post , Dreamboat. saying an acceptance of a bid might be necessary . However I never believed that BHP and co would sign up to it - and at such a price

So I'm very pessimistic at the moment. If this goes through at 28p then Dan and the board are complicit in some very dodgy dealings

Let's hope I'm wrong

By the way my average is exactly...... 28p . What a waste of time and money

I suppose they could accept or recommend an offer they still consider "low" in the hope that it brings other players to the table . That would probably have to be over 50p I would imagine...