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Nick with his subsidiaries and other board members has a holding control of approximately 27.75%.
I cannot see any further fundraising via placements, at least not at the moment so unfortunately you are unlikely to see other institutions come on board unless they accumulate small transactions
Personally it is a moot point, institutional investors will not be the catalyst here !
Thanks Copperpot!
Personally I think a JV is the only way to go.
A JV was touted way at the start of the discovery by leading analysts as they stated the project was too big for one major alone: that was prior to the purchase of the other tenements and further discoveries.
Due to the size and scale of of the tenements I can't see any major going it alone as the cost to purchase will be astronomical - hundreds of Billions IMO
Copper and Gold mines previously have been purchased by majors for anything up to circa $40B.
With SOLG I truly believe we are looking at the next Escondida with the Rio Amarillo tenement if they are right in their statements about it being larger than Alpala -
We shall see in time, it will take decades for the whole scene to unfold hence the need for some patience
Read this again if you are of the opinion Nick is playing a game!
https://www.integraresources.com/site/assets/files/2612/the_white_paper_-_george_salamis_vuse_final.pdf
It is a thought that crossed my minds years ago but it is one I no longer entertain.
Should it transpire this is the battle plan , then so be it.!
I make a healthy profit either way !
Listen BHP or NCM could have taken SOLG out long ago but chose a different route.. BHP tried with a lowball offer and had to take an interest piece by piece due to NCM's involvement.
SOLG have strengthened their arm to prevent any hostile or further lowball bids.
Drills will be running at La Hueca and Porvenir and Rio, it transpires, is larger than Alpala.
Get a gold prospect up and running via France-Nevada at a much lower cost and timeline, 1 maybe 2 years, then further funding is null and void going forward.
There are many twists and turns but Nick knows the value of his assets and for sure SOLG will not be taken out for pennies.
Do BHP or others have the cajones to stump up multi billion $ offers; it's a wait and see scenario. They have been reticent in recent years due to management and structural changes, taking a more measured approach during those boardroom shifts. Is the old mindset still there? I don't know, but suspect not ! IMO
But if SOLG can get stream financing for Alpala then they can get similar financing for Blanca Nieves which would take less funding and less time to bring online and in turn fund further projects as mentioned above ..
It's my thoughts and what I have based my investment here on. Regardless of the worms or rattlesnakes that have frequented the board, it is my choices that determine. whether I sell or hold, no one else !
Over the last decade I have listened to some good posters who have fell by the wayside and have seen a turn in some posters that I never expected.
But the Shills are easy to spot and ignore.
When SOLG goes online live and producing the benefits will be huge!
They all have Red, Bell Potter is a broker as are Hargreaves Lansdown and I think Barclays are holding too. Brokers shares would classed as free float.
There is the possibility that future options have been attributed, I can't say but if you look at the main financial sites they all give a similar breakdown.
Quad yw !
Don't know why the kick up about no Institutions???
The issuance to Institutions in June would have been conducted due to the lack of shares being available so to state there is not institutional buys is ludicrous and SOLG is past the road of issuing any more... the pending Franco-Nevada deal will see to that. Other than options I cannot see any further dilution
Full Breakdown
BHP Group Plc - 13.64%
Bell Potter Securities Ltd - 12.78%
Newcrest Mining Ltd - 12.74%
DGR Global Ltd - 9.85%
Fidelity Investments Canada ULC - 9.20%
Cornerstone Capital resources Inc - 8.21%
Tenstar Trading Ltd - 5.77%
Bank of Singapore Ltd - 5.19%
Blackrock Investment Management (UK) Ltd - 5.05%
Nicholas Mather - 4.37%
Samuel Holding Pty Ltd - 4.34%
Blackrock Global Funds World Mining Fund - 4.16%
Hargreaves Lansdown Stockbrokers Ltd - 2.79%
Dmyant Sangha - 2.45%
Jason Ward - 0.49%
Brian Moller - 0.25%
Robert Weinberg - 0.21%
61.37% of shares are held by BHP, NCM, Tenstar, Samuel, DRG, CGP, Institutions (Banks, Blackrock, Bell Potter, Fidelity etc) and Directors.
I own 1.2% which is probably half of the Hargreaves Lansdown listed :)
... and plenty others are probably not far off that either..
Freefloat is less than markets state
WoW !!!
NO patience then !
Question the strategy all you like! At the end of the day we will be where we will be....
We are several years away still from achieving full value, if not longer so you might want to readjust your strategy somewhat !