Member Info for mattlilly

Not much of "late January" left...

And one thing everyone is missing is that the damage done to the environment by BUILDING a new E/V is much more than the damage filling my AMG will do if I keep it for tbhe rest of my life.

And it is also the reason why I always buy secondhand cars...

UT at 16.06 closing at a high for the last 50 minutes..

2x500ks after hours encouraging..

My apologies...

But $50m of FNV and $16.67m of Osisko equals $66.67...

However, its academic because someobdoy else will own those deals soon...

Thanks NP

Meanwhile...quiet on here today...calm before the storm...?

Or is T2 settlement post merger...was it you that suggested 27 January was D Day...?

I wonder if it would unnecessarily complicate the Prospectus/merger completion...?

And NP unless I'm mistaken, both the Osisko and FNV can be repaid...

Correct. But surely they remain part of the issued share capital, of which anyone would need 50% to gain control...?

Also if they were resold, the new holders would have voting rights, so the Board could sell them to 'friendly' holders...or Jiangxi...

Looks like it Bubble....eveybody is working frantically behind the scenes, but as we have seen before, SOLG always take longer than expected...are there any French tanslators on here...I could volunteer the Missus...she's fluent...could be a nice little earner on top of her 800k...

In theory they do, but SOLG own them, so either way they're not voting for production any time soon...

However, for as long as they sit in Treasury, the Board (Mather, Scott, etc) can decide who gets them and at what price...or even to redeem them (however that would increase BHP/NCM proportions again)...

IMO, until the merger is complete, we have something of a false market...

CGP down 3% on almost zero volume last night, probably being marked in line with the SOLG price, down 1% on 40k...

CGP sterling equivalent in SOLG terms is 16; SOLG converts to 16.5, so they're convergent and it looks like market makers don't want to see CGP stock...unsurprisingly

Clearly nobody is arbitraging or selling in Canada.

And while we won't see the true situation until the extra 506 million are in circulation, why would anyone sell when 99.98% voted to accept the merger...

Furthermore, the SOLG offering surely has to be more attractive than CGP's, especially with a stake in 100% of ENSA, a proven Tier 1, a possible Tier 1 and multiple other prospects, added to Bramadero etc with a much more realistic prospect of development without persistent cash calls...

However...to get such a vote there must be either or both a big concentration of CGP holders 'in the know' about Bob's M&A intentions...or a goodly proportion of the latter and a substantial and growing number of believers in the prospect of a takeover battle (like here)...

You can be pretty sure that there will be no Quady's in the new investors...why jump out of the frying pan into the fire...

So in conclusion, while there may be some initial weakness in the SP, Bob has a new army of supporters ready to vote for a takeover by the highest bidder, with a far more realistic opportunity for monetisation and profit than CGP, who in recent years had to sell SOLG shares to keep the lights on; had already racked up at least $50/60m in contingent liability for Cascabel; and with no chance of financing Bramadero without a penal J/V...

AIMO as usual

"SOLG should be ready soon to release outcomes on Strategic Review and plans for exploration this year with targets named."

Why would they do that if they're about to sell the company...?

Maybe the Canadians are selling in the background pre market, but otherwise can't understand why anyone would get otu now...we've come so far...

Wouldn't surprise me if Jiangxi or even BHP are standing out the back with a very large bucket to collect these sales...

And in case you're expecting a TR1, remember Valuestone have about 2.5% headroom before they reach the notifiable level...

Hopefully just bought last couple of chunks for the Missus at 15.79...hope thats the bottom...

Thats because we redefined the PFS to get early cash by mining from a higher level and some at surface...

The big and potentially fully unknown bonanza comes with the block caving which was the original plan.

We would never be able to finance that, but its petty cash to a major like BHP...or the Chinese (who have the engineers to do it...)

The only news you're likely to get now DM is...

Merger completed

Jiangxi bids 50p...(or similar)...

Another slight delay pushes it into Feb?

"the Company expects to publish the prospectus shortly and complete the Acquisition soon thereafter with the issue of SolGold shares to Cornerstone Shareholders."

16 Jan "took some long on a spread today to add to the ones in my ISA as allowance all used there. Very confident it will drift up between now and end of Jan and won't be around for 23/24 ISA allowance anyway!"

"I still think a takeout for the whole shooting match, and well over a quid."

From HH on Jan 19th..."Merger closing in less than 10 days."

And "The strategic review will NOT requireClass 1 vote as Solg is not premium segment listing. And we will get a very value enhancing deal. ENSA - Cascabel will unlock close to P/NAV ~ 72p"

From vi.app "Institutional investors now hold 33% of SolGold Plc’s stock"

From swingtrader "SOLG closed down 0.49 percent on Tuesday, January 24, 2023, on 1.19 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected. "

You clouldn't be more right DM...

Once uopon a time we had 'shock and ore"...

Now we have a deafening silence...

Even if (as I believe) the plan is to sell the company, you wouldm have tyhought that a PR blitz would at least get the SP higher for a starting pointg...