re BHP22 Oct 2020 20:34
we are indeed in a tricky situation, if we are dangerously low for a take over then surely further dilution to a major at this point is not good news for those wanting production alone route.
I can't see another placing until we really need one tbh, hopefully get the SP higher first.
I really don't see BHP being happy with their small stake in this so let the games begin.
My only concern is if CGP can and do call a meeting with the aim of getting rid of NM its not going to be as easy as some on here think it is to stop BHP, NCM and CGP taking over, if they chose that route. Based on percentages it wouldn't take many pi's to get them over the line.
I find it hard to see how SOLG can continue drilling the other projects without further dilution, which is why I prefer a sale at a decent price, to stop them getting us much cheaper.