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No Problem Quady ..
I believe the anti dilution in respect of NCM is in relation to capital raises through issuance of share capital, don't think that would apply to royalty streams.
That also applies to BHP as of the 15th
Quady
BHP's anti dilution rights expire as of the 15th !!
Believe NCM has already lost theirs as they are over the 10% agreement, if it dilutes below the 10% holding then they will be allowed to take it to the 10% again. If NCM were to drop below 5% then the anti dilution rights are null and void
As stated yesterday the perspective of majors have changed dramatically in the past decades to a more balanced approach when trying to takeout a company... gone are the gung-ho days where the risks were taken to further the company.
Unfortunately, or fortunately in the case of Solgold, it has allowed companies with an excellent management structure to move forward to a more prosperous and self serving stance.
Additionally, we are no longer talking about a Tier 1 prospect which could be taken out be it the only one: we have four in the making at the moment with dozens more prospects to analyse.
Well done Nick on the news releases, the timing is perfect !!!
BHP, NCM and definitely CGP will be sitting there saying to themselves "f**k, f**k, f**k"
The majors have rested on their laurels over the past decade and taken a more risk averse approach...
Many CEO's, now, do not have the old mentality from years past where you take out juniors before they get a chance too bud.
Plays into SOLG's hands, if you ask me !
You're confused Earthling... check my profile
I'm holding 1.2m OMI and when did I say I sold out ... find me the post please!
You are missing the point.
OMI - Value £25m - shares in issues 160m
GGP - Value £778m - shares in issue 3,794,000,000m
And see you have changed your tune re: SOLG...
You were down in the doldrums last month, if it retraces a penny or two you might start to cry again..
Man up!
With the IMF attempting to pull off a fiscal reckoning minus the US dollar, President Trump may (as his advisor Judy Shelton has advocated and as President Kennedy tried to do in 1963) pull off a global reckoning of his own, by issuing US Treasury Notes backed by gold.
The NEW dollars would be pegged to gold, possibly at a modest starting point of $10K or even higher, effectively returning the Gold Standard.
So, following a massive plunge in dollar values, we’d see a surge in gold prices and, with the new dollars, a surge in gold-backed dollar values as well.
I think you all see where the dangers and, more importantly, the opportunities are as we approach the October deadline.
Full Article ... https://gsiexchange.com/is-a-new-dollar-backed-by-gold-at-10000-per-ounce-coming-by-october-1st-2020/
With the IMF attempting to pull off a fiscal reckoning minus the US dollar, President Trump may (as his advisor Judy Shelton has advocated and as President Kennedy tried to do in 1963) pull off a global reckoning of his own, by issuing US Treasury Notes backed by gold.
The NEW dollars would be pegged to gold, possibly at a modest starting point of $10K or even higher, effectively returning the Gold Standard.
So, following a massive plunge in dollar values, we’d see a surge in gold prices and, with the new dollars, a surge in gold-backed dollar values as well.
I think you all see where the dangers and, more importantly, the opportunities are as we approach the October deadline.
Full Article ... https://gsiexchange.com/is-a-new-dollar-backed-by-gold-at-10000-per-ounce-coming-by-october-1st-2020/