The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
https://www.ft.com/content/1dd975c9-e3a1-4fcc-b049-f29dbd59f6fa
https://twitter.com/BTatters/status/1303076586359525386?s=20
wrong addicknt!
Been stated from the offset by brokers and analysts that it is too big for one company to go it alone...
You need to take out your emotion and hope that a major will come along and buy us out... it ain't happening
Should SOLG and NM decide that a sale is warranted then I believe BHP will wait it out and cherry pick each tenement as they come online! IMO
No company, single-handedly, have the resources available to take out the whole company and again, I do not believe that a JV between BHP and NCM is possible either due to the 'HUGE' financial commitment.
DYOR
Trump ain't out in November.
Not with all the Democrat states restrictions on liberty, violence, police defunds and riots.
A lot of them have flipped already.. Think public have contested one state in court to oust the Democratic Mayor via a new vote
Based on current exploration costs CGP's indebtedness is circa $75m so far and likely to be close to $100m by the time the DFS is complete
The $2.5m mentioned in the presentation is in relation to what SOLG spent acquiring their share of ENSA and what CGP must pay them if they dispose of their assets
Addicknt.. sorry you see it as nonsense!
NCM mooted the point on June 5th, sated they were considering it and took no action on it until Nick appointed 2 mining specialists..
They were miffed about the fundraise but decided not to opt into it!
They then publicly denounced the fundraise and gave the veiled threat of removing Jones as they are aware that SOLG were going down the Block Cave route.
If NCM knew Nick was going to appoint 2 mining experts do you not think think Craig Jones's resignation would have came a prior to the appointments???
No! NCM were caught off guard and IMO shows the bravado of Nick to stick it to them !
SOLG isn't going down without some sort of fight at least !
See it as you will !
IMO with NCM floating the notion they may remove Craig Jones on June 5th was a ploy to get some leverage with the board at SOLG due to what they perceived as SOLG would require Jones's expertise. Nick pulled the the rug from under their feet by working quickly to appoint new mining expertise in the double appointment and the resignation of Jones came on the back of those appointments
If NCM really wanted to remove Jones: to make their statement they would have done so sooner.
All fun and games !!
It pays to go away for a week or so !
NCM out the door with a kick in the A$$ ! Nick usurped NCM by appointing another mining expert as statement.
Wonder what was going on behind closed doors ??? CiTi Bank playing its part maybe ?
Investors Chronicle stating a 40p takeover target.. I stopped buying IC years as it wasn't making me profitable so I take no note of their ludicrous signal..
Only one major involved now, so to speak, I think Nick is standing up to the bullies.
Suits me Sir !
Magoo ... IMO there won't be a takeover !!!
However, as it cannot be completely ruled out and with it stated that Alpala alone has a NAV in the region of $4 Billion that alone would equate to around a value of £1.80 plus.... so any TO IMO would be over that mark.
Production looms, other assets to be brought to fruition ... I believe Nick when he says that he is maximising shareholder value, as he has done throughout his career in other businesses, so maybe his exponential predictions of a similar rise as in the early days is not that far of the mark..
I'm in long term and looking at £'s as a target price rather than pennies
Touche addicknt ....
Can't understand why ToS1963 invests if he doesn't understand the TO process.
If all companies were restricted to being taken over at a set price then I don't think we would see many TO's
Friendly _
How a Tender Offer Works
A tender offer often occurs when an investor proposes buying shares from every shareholder of a publicly traded company for a certain price at a certain time. The investor normally offers a higher price per share than the company’s stock price, providing shareholders a greater incentive to sell their shares.
Most tender offers are made at a specified price that represents a significant premium over the current stock share price. A tender offer might, for instance, be made to purchase outstanding stock shares for $18 a share when the current market price is only $15 a share. The reason for offering the premium is to induce a large number of shareholders to sell their shares. In the case of a takeover attempt, the tender may be conditional on the prospective buyer being able to obtain a certain amount of shares, such as a sufficient number of shares to constitute a controlling interest in the company.
A publicly traded company issues a tender offer with the intent to buy back its own outstanding securities. Sometimes, a privately or publicly traded company executes a tender offer directly to shareholders without the board of directors’ (BOD) consent, resulting in a hostile takeover. Acquirers include hedge funds, private equity firms, management-led investor groups, and other companies. The day after the announcement, a target company’s shares trade below or at a discount to the offer price, which is attributed to the uncertainty of and time needed for the offer. As the closing date nears and issues are resolved, the spread typically narrows.