Member Info for KB007

Best way to maximise shareholder value by going to production is

Increased sales, free cash flow, increased dividends, capital gains!

This was what i said in November, don't time fly!
"I'm an old poster and I don't want a sale; I'm prepared to wait several years to realise full value and I'm not chomping at the bit for a piddly one or two pound sale price. We have top talent in the company, some from Newcrest and it won't be long before BHP has it's representation at the table. To be frank I also do not think SOLG is at the scratch stage of it's growth. We are well past that. It wouldn't cost $3 billion if it were to go down the block caving route, probably half that, and if they can mine in tandem with Fruta Del Norte then it will be self financed. There will be no take over however I strongly believe that there will be a three way joint venture (SOLG/BHP/NCM)"

Nice to see I'm still singing the same tune :)

Said exactly that several months ago!

What a nice surprise after a hard days work

First time in ages I haven’t looked at phone

Need to keep it locked away :)

Sorry,

It would also open the floodgates for other parties to counter bid

The board can reject it and if the hostile bid is pursued then they could put it to shareholders to vote to reject if they feel it undervalues the company.

It would boost the share price, no doubt, however the board will have figures in mind of what they consider fair value for Cascabel as well as the inclusion of the other concessions.

That is why the standstill agreement is in place and it would be more prudent for BHP to approach the board of SOLG to discuss any takeover/JV/tie ins etc rather than risk their hostile bid being rejected by board or shareholders.

Discussions could be happening at the moment with both BHP and NCM: I pretty sure discussions aren't news sensitive until a bid is tabled.

If a third party were to arrive on the scene then I am fairly sure this news would need to be released to market.

However, as I have stated all along I feel certain this is going to production before any offer or takeover is tabled or accepted

All IMHO

There is no restriction on BHP tabling a bid
Providing they have the approval of the board
The only restriction is they cannot go for a hostile one, hence the standstill agreement

CGP only own 9.22% not 10

There is no lack of logic!

Think big! Talk big! Be big!

Who says the bid doesn’t have support? The CEO and Irwin? Their holdings do not equate to 51% therefore it is a prudent approach to take out a company in order to progress your own and I for one believe CGP shareholders would accept the offer ousting the vagabond Irwin.

Nick would take great pleasure putting that feather in his cap

Jerry, you need to alter your train of thought to a glass full, rather than a glass empty kinda guy!

If the CGP offer is tabled and accepted then the price will move positively . If the price moves beforehand then the offer may not be tabled at all.

An addition of 5 drill rigs is significant! When the permits are issued it allows us to move them to the relevant concessions quickly rather than waiting for them to arrive post approval.

There are many other pluses but with that additional drill rigs news I would expect the next news is the issue of the permits

Closed green yesterday. So a 2nd

probably stockpiling core samples and waiting for the CGP fiasco to alleviate

Excerpt from Jan 31st RNS

Certainty of Offer and Potential Lack of Competition - BHP and Newcrest Constraints



The Offer provides Cornerstone shareholders with a certain Offer capable of acceptance. SolGold is aware that there may be a number of other companies interested in Cascabel, such as BHP Billiton Holdings Ltd ("BHP") and Newcrest Mining Ltd. ("Newcrest"), both of whom have acquired substantial shareholdings in SolGold. However, SolGold believes that no assurance can be given that there will be competition to SolGold's Offer, now or in the foreseeable future, in light of the rights of voting support, first refusal, pre-emption and standstill that SolGold has in relation to its agreements with Cornerstone, BHP and Newcrest. BHP cannot acquire any interest in Cornerstone without SolGold's approval before October 16, 2020. Similarly, pursuant to its 2016 subscription agreement with SolGold, Newcrest will not be permitted to acquire shares in Cornerstone before 17 October 2019.

lol @ columbo

There is always hope :)

Thanks Cookie,

whatever one bags biggest first I'm out of them all

My target is set and when it hits everything is sold whatever the profit or loss on each one

Novice,

Zoros is all the green bars (was red - now a better colour) you see under an array of names filtered.

His conversation threads scream he isn't invested in SOLG at all

Just keep reminding him of a reply to a question aimed at him under the WoodyB nom de plume...caught red handed

Portfolio currently sitting on a £31k profit all thanks to losing 95% of my investment in VAL (-£99k) this past year.

Hoping a Pharma will eventually buy them out and then you won't see me for dust but I have honestly wrote it off just as I wrote off PREM... my only 2 real bad investment decisions

Thanks Cookie, have topped up in SOLG using my wife's SIPP funds these past few weeks.

SOLG is my main egg, I am close to retirement and have worked hard for the last 9 years building up my pot as Aviva lost me a whack of money pre crash during a boom time and also a good chunk of my £490,000 compensation for mis-selling when I got my Commercial Union Pension when starting work in late 70's

I'm past stressing about them as it is my fault if it goes wrong and I can't blame anyone else so it will be what it will be

For further clarification

I have the following share holdings
1.5m in OMI
800k in IRR
1.1m in VLS
1.2m in UPL
4m in VAL (praying for a miracle with that one)
750k in CLP
800k in RMS
120k in IXI
100k in FUM
100k in BIDS

Yep...one trick pony me