Member Info for Damers

Great posts over the last few few day's rcgl2. More bullish than than you, but time will tell............

Check out Federated Wireless Eloro. I have a six figure sum invested with them.

Https://www.australianresourcesandinvestment.com.au/2025/12/19/bhp-steps-aside-as-chinese-bidder-moves-on-solgold/

'The funding will support a new underground access decline to reach fresh ore bodies, a paste-fill backfill system to stabilise mined zones, expanded ore-pass capacity with six new locomotives, and an extended underground electric rail network'.

PS.

So you’re saying that being eaten from within is comparable to the possibility of a third party submitting an improved bid in the short term, which would bring this saga to an end?

Afternoon Eloro.

May I ask if you would have preferred JCC to go hostile, inevitably resulting PI's getting diluted to fluck?

Afternoon Fort.

Assuming the JCC bid is tabled and approved, what is the estimated percentage chance of a third-party counterbid in your opinion?

Fort.

I am sorry you could not answer the simple question I poised earlier, so I will try another:

When Dan took over the well was dry. Please can you advise what alternative vehicle you would have used to raise much needed capital without selling the companies owned shares?

Fort.

You are sounding like a broken record mate.

Please can advise what you expected the opening bid to be?

Bozi et all.

As my dearest mother would say: 'keep your powder dry'. This story is far from over.

GLA.

Credit: Rodney

A firm 28p bid from Jiangxi Copper by 26 December under UK Takeover Panel (TP) rules would trigger a formal offer timetable, not end the process. Once announced under Rule 2.7, this starts a Day 0 clock, giving at least 21 days until Day 21, by which time SolGold must publish its defence circular. Shareholders cannot accept the offer before this point.

Crucially, other bidders can still enter at any time until Day 46, which is the latest date a new or revised competing offer can be announced. This gives nearly three more weeks into January for rival bids or value-shifting announcements such as updates on Tandayama, the CIPA, or revised economics — to change the playing field. The process then continues through to Day 60, the final date for offer acceptance conditions to be satisfied, allowing ample runway for SolGold’s board to react, update shareholders, and test market appetite.

In summary 28p firm bid by JCC (or any other party) by 26 December resets the game but it does not close it. Under TP rules, it opens up at least another month of strategic opportunity for SolGold and potential counterbidders.

Https://www.dawn.com/news/1961679

Thankyou to those for their pragmatism in the face of adversity.

AROK.

Hopefully the release of this RNS will help entice other bidders to the table.

Time will tell.

It will be late Jan / early Feb before we know where we stand IMO.

Informative post thanks Rodney.

The best analogy I can think of regarding many shareholders comments since Friday is like watching a footy match after 20 mins play and the home team is 1-0 down. The talk is not of how the team can change tactics / bring new players on, but bizarrely why the match has been lost.

None of us have a clue what's happening in the background, but one thing I am certain of is that the BOD is fully focused on getting the best deal possible.

The conspiracy theorists and Apocalyptic doomsters are surely in line for a Golden ($4300oz) Globe.

For good reason no doubt - I will be topping up tomorrow.

Https://youtu.be/oBUT0cxtHlg?si=nMwd0GmC01waVHx1

Note to C. I am popping in for a pint about 4pm.

Fort.

With the greatest of respect you are spouting a complete load of nonsense.

We are now (finally) in bid situation. As I stated on Friday, the market will now decide our value. If we are only worth 28p well that's what we will be sold for.

However, due to the value of the assets we hold I strongly suspect the finally selling price will be far greater.

Time will tell and GLA.