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Colonel, I always enjoy your input although I rarely comment. I think that BHP would have bid already but fear a drawn out bidding battle with, well, however. After all, it is a big prize. Personally, if I were BHP chairman, I'd look for a joint venture with Newcrest but then... Two bull elephants with a female in oestrus?
As I see it, we will drift down and up until we get the inevitable - and hoped for -corporate action. If the BOD are timid, we will get a cash injection (could come in several ways ) kicking the can down the road. If the BOD are as bold as I hope, they will already be approaching the two biggest shareholders saying 'if you don't want to bid for all or part' we will go to the outside world and look for a buy-in investor to develop Cascabel alone.'
The PFS is satisfactory, as far as I am concerned, but I await the big action.
I wish that now the dust has settled (?) the BOD would offer us a strategic review of the way they want to take the company.
When do we expect this shambolic financial mess to clarify? I am totally confused.
Yeah. They say that silence is golden - but not on AIM
I am a LTH. I don't see the SP going anywhere, short term, and may drift down because a lot of AIM investors are looking to double their money in six months and, without any dramatic news, this ain't going to happen. What GGP stands for is a derisked, and well-managed investment that will double over two years, and that's good enough for me. I regard it as a core holding and invite anyone to name a better.
Err...What video?
My stockbroker is as baffled as i am. He did suggest that if it becomes a smaller company - as it must - the spread would widen but what would happen to the SP is anyones' guess. In the end I am going for the 5% but if it isn't accepted I will not be in tears.
Thanks to everyone fr pointing me in the right direction. I note that Mather has 5 million option shares at .6p falling December 20th. He gets a lot of dosh for... what? Sure, he started it all but he has a lot of shares for his pains. I will not endorse him, the others, reluctantly OK. The falling share price says it all
Through all the smoke and mirrors of guesses as to what is going on, I hold to one fact. The new CEO would not have taken the job unless convinced he could enhance his reputation, and to do that he knows he has to take Solgold forward. Further, he would have had access to unpublished info as to drilling etc, figures that were persuasive. No doubt he will be given the opportunity to hand out some good news after he joins Dec.1st
The loan is very good news - it would not have been given if there was not a near-certainty of a deal in the near future.
As things stand now, I would vote for change. I compare the engagement of the BOD with shareholders to that of GGP where every opportunity has been taken to explain developments. No doubt we will - at last - see some action when jobs and reputations are on the line.