Member Info for mattlilly

Agreed slug...smoke and mirrors...

Global markets have been pretty bad Slug...cant blame anyone for holding off...

Fat thumbs...16p...

This is what I actually said Bozi

"Who on here would accept that?

Almost nobody..."

In other words, us private investors.

As to BHP/NCM, why would BHP let SOLG go for little more than their last purchase; why would they let another major run off with SOLG at 40p when they chased a much smaller Noront so hard?

And why would NCM let SOLG go at less than the all time high and a fraction of the Asset value of Alpala alone when, having reviewed their options for their stake they decided to hold it as "an investment"

This is the 2nd biggest Tier 1 prospect of it's kind in the last 10 years. The gold price will soon set new highs...

Nobody is going to let this go for 40p...

Oh sorry, Dave sold out at 26p...

The only thing that could produce a disappointing end is a forced sale at an unacceptable price...

The Mather CGP caucus and the NCM BHP vested interests can be counted on to prevent that.

SOLG has enough cash to get through 2023...a sale should be accomplished well before that.

And if the market stays deflated you'll still be able to reinvest at tasty terms...

Not at all...I'm saying Scott would not be an insider if formal discussions were to start on 20 March and therefore would not be disbarred until April 13 as some have suggested.

However I'm pretty sure in my mind that Scott knows enough to at least make the award questionable...

Bozi you have no definitive basis for saying this will be sold for peanuts.

That would only happen if the Board accepted a lowball offer.

There is no way that will happen, either or both because CGP would not have gone ahead with the merger and Mather has always said "asset value not market value"

So suppose there was an aggressive bid at say 40p. Who on here would accept that?

Almost nobody...

But more important the Mather/CGP caucus own over 40&% of the shares and unless it is BHP I cannot see BHP/NCM accepting a derisory bid.

So it could be effectively blocked.

So I ask again what is the definitive basis for your statement as opposed to fear or baseless speculation?

DM...no contradictions whatsoever.

Sangha started looking for buyers possibly even before October 7. Not negotiating a specific sale.

Sangha is not an 'insider'

There is no need to RNS until either until the Board has recommended a bid or if the company receives an unsolicited or even an unwanted approach.

So, say the Board accepts a negotiated bid at 75p that will be announced, but those specific discussions could still have started even the day after the Options RNS.

If there was an unsolicited bid at, say 75p you would expect the Board to announce that and whether they would recommend or reject it.

To repeat..Sangha is looking for buyers...Scott becomes involved when there is serious specific interest.

Colonel...

1 There wont be a SR beyond a simple summary if at all, because Sangha has been working on a sale since October.

2 The options announcement does nothing to prevent a bid well before 2 to 3 weeks if

A The discussions started after the RNS or

B It is an unsolicited bid.

Frankly I'm fed up with the constant negativity and dismal assumptions.

This is going to be sold. End of.

Reality check...

The FTSE is down almost 8% in a couple of weeks and 3% in a couple of days...

Industrial Metals index down 16% in 3 weeks...SOLG about the same...

So why should we be immune?

Until the first bid comes...

The Chinese did due diligence when they bought the first 1% through Valuestone...

They will hve topped that up when they bought the latest tranche and theres not a lot to add to that because everything is shut down...

So we're just waiting for their first bid...unless someone else breaks cover first...

Dave not cave...

Hi Bozi...

Juniors have been languishing for years but there is always a bidding frenzy at some time...

In the meantime, copper is flat...inflation is rampant...interest rates are high...ANC NA markets are pretty much closed to mining funding...

However the impending copper price boom is looming and gold is rising....possibly to a new high...

It's only a matter of time before someone breaks ranks...fir the time being Jiangxi have the initiative but as the article below states, the NCM Newmont situation could be the key that unlocks the next wave of consolidation.

For example just look at Equinox Gold...their SP is languishing at not much more than 1/4 of it's all time high despite it being set to produce 1 million ounces of gold next year...

As I said...there is a rerate coming, consolidation and a bonanza for SOLG shareholders with the patience to hang on...or average down...?

Oh dear cave...you'll be sorry mate...very sorry...

"this will never become a hostile situation"

Really addickt...do you believe that?

I certainly accept that Jiangxi have the capacity to bid at a level others refuse to match, but surely that would be well over £1...?

I could also foresee the Board announcing they are recommending a bid at a lower level, but even if that happens, I could still see a bidding war...

Otherwise why are BHP and NCM still hanging in here...they ain't getting a J/V, that's for sure...

I would still like to see Barrick take this away... Mark Bristow has publicly stated they're looking at copper gold prospects and the article below supports that.

We may have looked at SOLG as a copper play, but the higher the gold price the more sexy it becomes and there is still a correlation between the solGOLD name and the gold price...probably what's holding us up along with bid hopes...

C'mon mate...do you really believe this...?

"Another frankly bewildering point here is how some don't see this as being an out and out firesale, despite individual shareholders virtually imploring management to sell the company. A firesale is exactly what it is and that means there's two options; we either get a pitiful recommended offer as some are now acknowledging or the company holds out and we see the SP cut at the midriff."

Quite astonishing...

The Noront takeover came when there was no M&A activity and the Juniors were beaten down and going nowhere...

23 to 105 in a matter of months...and BHP was one of the bidders...

No matter what Nick's ambitions may have been in the past and despite the vast prospects for Cascabel, we are a Junior...and until the Junior M&A frenzy starts, or more likely the first bid comes in here, we must wait...

It is so predictable that when the SP is going nowhere and there is no meaningful news, that even committed shareholders on here start trawling negative views...which is surely asking for a self fulfilling prophesy...

I have been criticised in the past for 'trading's when all I was doing was taking a view and dealing on it, averaging down or, as on two occasions, banking double bubble profits.

Frankly with SOLGs history it astonishing that anyone would have bought SOLG shares and just sat on them. Past history shows that is asking for disappointment...

The big payday is coming...unless we get a right royal bidding war we may not get the £1.00 plus that I originally proposed.markets change.just lol at many UK shares and miners right now...

But the idea that at best we can hope for a cheap takeover is preposterous...

Keep smiling and keep the faith. Since October this has been set up for a sale..its just frustrating waiting on Bob.

GLA..

"He said that the potential Newmont-Newcrest merger is also weighing heavily on the sector, but if it goes through, it has the potential to change the fortunes of the juniors.

“As a junior mining investor, I still hope that the mega-merger between Newmont and Newcrest goes through, maybe at a higher valuation,” he said. “It means that more money might come back into the market. Let's assume it's a $20 billion takeover, that's money that could get reinvested into the sector, that's very positive. Try to allocate $20 billion in the mining space. That's a big chunk of change that needs to find a new home, and it won't just go to the majors. Some of it might trickle down all the way to the juniors and that has me positive.”

Hoffmann believes that egos and lower valuations are keeping mining executives and their boards from pushing ahead with beneficial mergers. “If you were trading at a dollar last year you wouldn't accept a merger at 30 cents right now,” he said. “A lot of companies are sitting on that valuation gap right now, and boards are not approving terms. It just doesn't make any sense, and nobody wants to look like a loser.”

Hoffmann said that in the current environment, it’s not surprising to see interest move from precious metals into the base and battery metals.

“It's definitely trending towards the base metals right now,” he said. “Gold-copper projects are being loved by the market, it's just that optionality with copper as well. There will be a supply-demand gap at some point, with electrification and the goal of reaching carbon neutrality..."

https://www.kitco.com/news/2023-03-22/Fed-has-punished-the-gold-sector-and-Musk-is-wrong-on-copper-Kai-Hoffmann.html

Apologies DM...the site I referenced was clearly out of date...

https://www.kitco.com/news/2023-03-17/Top-10-largest-copper-mining-companies-in-2022-report.html

Or Jiangxi, Fortescue, Barrick, etc etc

They've already done all that Colonel...the next relevant RNS will be to announce an approach or a bid...

After all Bob has been working on that for 6 months or so...