Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Wow Paul, you are an unbelievably ignorant 'investor'. The less air time you get with your grossly insulting subject the better I think.
If you like, and are brave enough, which I very much doubt, you could turn up at the next Town Hall meeting and tell us all what he should be doing rather than the brilliant moves that he has made to date.
Seems a few on here are confusing share dilution with value dilution as LA so rightly points out.
We have asset accretion atm and if we did a deal for rest of Hav and Telfer we would have massive asset accretion and some significant share dilution but the asset per share would increase considerably so net net, much better for shareholders.
Another thing that should be said is that the first rule of investing is that you must like the management. Well if you dont like Shaun and the team he has put together then you should all sell up now, and I would love to see you find a better team.
Tomorrow evening and Thursday may prove to be a good guide as to where we are going over the next few months. If it isnt, you can always ask Shaun in person next month.
For me I am just very glad that Shaun is running this company and not some of the people who spout nonsense on here.
Antigua. I think you are coming to the correct conclusion…
I would really not want to see an updated mre, as I think ggp are buyers and not sellers. But I suspect NC will do a complete resource update as part of their defence - assuming that they will try and thwart the bid.
If they put out a huge resource for havieron then it will help our sp in the short term but make the 70% a lot more expensive.
Long term vs short term. Callum has nailed his colours to a long term view. I agree with him. But if you want out at 16-20p, then you will want a new resource from NC.
Feel I am in The Fast Show.....
Morning iPad. I am no geo but some of these are potential payables and some are baddies that need to be taken out. Generally gold, copper, nickel, zinc, silver, cobalt, tin and chrome would be goodies and antimony, ****nic and bismuth would be nasties from a payable and processing point of view.
But I would defer to the experts......
Absolutely Kevin. That was the point/benefit that I was trying to suggest.
Well its a question that I have been thinking about for some months now. It would be a lot of money, a lot of dilution and some of you might not like the terms, as it will require a lot of new shares being issued. Banks will probably require at least half of the money coming from equity. So just for starters:
A placing to Wyloo at say 10p. A one for one rights issue at say 10p, fully underwritten by Wyloo. A lot of bank debt.
This would give us all of Hav, the Telfer mine and processing plant and all the NC JVs in the region.
Then we could give Rio a call.
Probably take best part of a year to do, by which time we will be bringing ore to the surface. I like it as a plan, but I expect some who dont like one extra share being issued wont be able to see the wood for the trees.
At US$2500 gold and US$5 copper, the dividends will pay for a lot of Callum's fuel bill - and my villa!
Bonkers, does a poker player give a commentary to his opponents on how he intends to play his hand?
In the unlikely event that GGP owned all of Hav, yes there would be a significant issue of shares, but it wouldnt be dilutive, it would be massively accretive. Remember how NC value Hav, vs what is there.
Colonel, I think you are correct. This has been a rumour going around WA since last September. GGP/Wyloo/Twiggy have been preparing for this outcome.
Thats why I have never been a fan of Wyloo buying Solgold.
RK, it depends who owns the stake. Dont suppose NM will care what was paid for it. I cant imagine there would be another buyer purely for 'strategic investment' reasons, so it will more than likely go to someone who wants to be involved in Alpala for the long term, either as owner or JV partner.
IMO NC will either be taken over by a bigger major, or it will be broken up. It wont survive in current form. If the former I am not sure whether a small stake in Solgold and the Lundin stake will be relevant unless the buyer has bigger ambitions in Ecuador.
AFR reporting that NCs stake in solgold might go to Gina.
LA, I wouldnt have thought that Shaun will want to be producing any updated MRE atm. If NC is in receipt of an unwelcome bid, its NC that will be doing all the promoting of Hav. If SD is more of a buyer than seller, he would be quite happy to see NC continue to downplay Hav, though I really cant see how thats in NCs interest.
So SD can just sit back and watch the machinations and only show his hand when necessary, which clearly isnt now.
IMO!
TomE, I don’t know whether you know but both NC and Ggp have stated that they don’t and won’t comment on press speculation.
For my part I have heard these stories since NC turned down the 5%. My guess is that there is some truth, but that could be due to NCs investors being ignorant of the merits of Havieron. Which is hardly surprising as NC have intentionally kept them in the dark. But if NC want to keep Hav, they will have to talk potential, and if they don’t want to keep Hav, they will really have to talk it up. So the next few months should be pretty exciting.
Lots of tricky questions for Shaun to answer in March….maybe that’s why he is coming over;-)
Apologies RK. Got lost in all the drivel.
RK, I repeat my question. Does Solgold have the authority to do a share buy back?
RK, does Solgold have approval to do share buybacks?
Morning Culpepper. Ggp will definitely be putting some hedging in place, as that not only makes commercial sense, but will be a requirement of the lending banks. Shaun has extensive knowledge of all the options open to him. I am sure it will be material to ggp and so will be released through an RNS. Doubt that NC will need to say anything but unless you are a shareholder in NC, we don’t care what they do.
'funding is now easier than before'.
Now there is a man with his finger on the financial pulse of the markets. Recession looming, rates rising, banks withdrawing credit, money supply collapsing. Yep its so much easier to get funding.......
Absolutely clueless.....