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Tesla1 - That 61,047 buy is mine buddy.
Fort,
For the good part of the last 6 years we have advertised well in advance regarding our attendance at PDAC, and have maintained a booth, boasting our best cores etc.
This year however is very different.
14 days prior to PDAC I received an email from a Board member which had Scott cc'd, which they could not confirm or deny if they were attending PDAC.
If we were attending and signing something of significance next to Ecuadors president, would you not plan and know many weeks in advance regarding your attendance? Would you not want to promote this?
Like Scott, Friedland was always available and could be readily contactable before the takeover discussions happened. However when things got interesting, Friedland avoided many attempts by interested parties to discuss potential offers etc. He often went missing to undisclosed locations. As outlined in the book, this made some interested parties nervous and paranoid thinking that Friedland was negotiating with another party which in fact was the case. This created FOMO.
This tells me Solg is trying to avoid something.
- Avoid a meeting with BHP/Newmont PDAC? Do we want to make them paranoid thinking we have an arrangement with Jiangxi. Maybe.
Avoid press seeking interviews? We have had no interviews from Scott for 4 months. Scott seems to be witholding news.
Avoid appreciated share price? Lets remain looking very cheap until first offer appears
Also quite interesting was that Friedland made himself very hard for Inco to track down and or communicate with. He literally went missing for several weeks to allow Falconbridge to prepare and table their bid.
Scott seems to be missing at the moment. No events, No interviews. Geez there must be alot happening in the background
Addi- Solgold will force an offer as they will include to 'hello/goodbye' fees in return for a trap door which will allow Solgold to exit any agreed arrangement on the basis a a superior offer is received.
Those wanting greater insight to Solgold's current situation should read the The Big Score (Page 257 onwards).
Friedlands Diamond Fields was being pursued by several groups - their main project being Voisey Bay was too big for Robert.
Friedland's ambition was to create an auction however he needed to force hands.
Inco, the stronger hand, tabled an offer which was subject to lock-ins, which mean't Friedland could not entertain competing bids. Inco did not want an auction. Friedland disagreed.
Friedland used Falconbridge, Inco's smaller competitor, as its stalking horse to push Inco into forcing a big bid. Falconbridge agreed to table a bid based on the proviso Friedland accepted their offer, and included a hello and goodbye fees ($100m back in 1996) which the bill would be paid by any superior bid/suitor wishing to acquire the company.
Falconbridge was happy to table the bid knowing that if they lost out in the end, they had comfort knowing their had made their biggest competitor pay more for Friedlands company.
It would seem Solgold is using Jiangxi as its stalking horse to force BHP's hand, just like Robert did too Inco.
Time will tell.
Either can happen any day now
Tesla1 - Too many Tsingtao's?
Happy friday all
Mather is very relaxed at the moment. What does that illustrate?
Two trades totalling 470k just gone through
Two big buys gone through totalling 730k
Swanley,
Total Resource Value - £117B
Total shares in circulation - 3B
Percentage of takeover
1% = 39p
2% = 78p
3% = 117p
4% = 156p
5% = 195p
6% = 234p
7% = 273p
8% = 312p
9% = 351p
10% = 390p
Rule of thumb calculation for takeovers:
1. Market valuations range from 1 - 5% for assets pre development.
2. Market valuations range from 5 - 10% for assets that are being developed and or are operating.
My opinion is that we should accept nothing less than 4 - 6%
Watch the climate deniers increase their rubbish chat to push this post onto page 2. Quady will have an aneurysm when he sees this post. Quady is here to dilute discussions of a takeover. Why?? Because its happening and someone doesn't want the share price to spike!
Tesla1 has no credibility here.
Just refer to their posts over last 6 months.
A numpty who doesn't own 1 solgold unit.
Of course something is going on. We are flying to Ecuador to sign off a major commitment with the President of Ecuador standing next to us.
Those investment parties that know they are not involved but wish to have control will be moving now.
Scott has been in a news blackout for some time. Its clear as day.
Every day that passes is one day closer to the lid removing from the share price.
Https://www.mining.com/bhp-sees-copper-market-take-off-by-mid-2020s-if-not-earlier/
The holding down of the SP will subside soon!
This will rocket to 40p very soon
Flogging now
DBW - I am certain a deal has been reached. Its inevitable.
Its now up to BHP and Newmont to decide whether they want to make a suitable offer or not.
BHP making a bid for Solgold after we have announced a funding package makes them look terribly stupid.
Anyone know where I can find 14mt of cu?
Total Resource Value - £117B
Total shares in circulation - 3B
Percentage of takeover
1% = 39p
2% = 78p
3% = 117p
4% = 156p
5% = 195p
6% = 234p
7% = 273p
8% = 312p
9% = 351p
10% = 390p
Rule of thumb calculation for takeovers:
1. Market valuations range from 1 - 5% for assets pre development.
2. Market valuations range from 5 - 10% for assets that are being developed and or are operating.
My opinion is that we should accept nothing less than 4 - 6%
Watch the climate deniers increase their rubbish chat to push this post onto page 2. Quady will have an aneurysm when he sees this post. Quady is here to dilute discussions of a takeover. Why?? Because its happening and someone doesn't want the share price to spike!