Member Info for mattlilly

Thanks Eish

Or the first bid...

I repeat my answer. I don't know.

Novice...the £172k was the UT...which is pretty good...the 445,000 was a welcome bonus.

Pretty good volume day all round with a higher average trade size...

Do psome people know more than we do about an imminent bid...?

Hi Stukey...I think you may have misuynderstood.

1 The merger document provided for the possibility of SOLG paying a cash consideration up to 20% for CGP shares. In the event this wasn't needed, probably because 99.98% CGP shareholders voted for the merger.

So that saved us up to c$30 million, which coincidentally is more or less what we raised by the share placement.

2 When the merger completes by the end of this month, we will own the 157.141 million SOLG shares that CGP used to own.

That gives us three choices:

A Cancel the shares, thereby reducing the shares in issue by 157 million
B Keep the shares in Treasury, from which they could either be redeemed in future
C Sell the some or all of the shares (e.g. to Jiangxi as some have mooted)

However, we don't need the cash, so I would be in favour of redeeming them.

3 Whether or not we keep the shares in Treasury, we have saved ourselves up to $30m. We have a total of $80+ million, so

4 My suggestion was to use some of our cash to buy shares in through a share buyback scheme.

Putting it all together, we would have taken 157 million shares off the market and, in a thin market which is regularly bidding for up to 700k shares, I believe it would not take much to push the SP up at least into the 20s, which would be a better starting point before the inevitable bid(s) arrive

Hope that helps...cheers.

Thats exactly what they are doing Richr...

Merger complete...first bid incoming...

Cheers

TSX GBP adjusted prices converging...

SOLG 0.28 = 17.08

CGP 4.08/15 = 27.2 = 16.59

UK quote 16.58

Backing off in the last couple of hours...

Solid volume overall today and quite a few trades going through of a larger size...

Lets see if Canadian holders sell their shares this afternoon...not likely as 99.8% voted in favour and aren't getting the cash...

And, SM, during the same period the SP has risen from 24 to 40, down to 13.76 and back to the current c16, fluctuating significantly in between...

January 2023...

"Stocks that are considered blue-chip stocks generally have these things in common:

Large market capitalization. Market cap is a measure of the size and value of a company. ...
Growth history. Blue-chips have a reliable, solid history of sustained growth and good future prospects. ...
Component of a market index. ...
Dividends."

"Should you Buy into this Blue Chip Gold Stock

NewCrest Mining Limited (“NCM” or the “Company”) is the largest gold producer listed on the ..."

https://www.aceinvestors.com.au/segment-specific/1/blue-chip

Colonel...I didn't have any of those things...did you read them elsewhere...?

"Dubbed ‘The Big Australian’, BHP is now the biggest share of the S&P/ASX 200 Index (ASX: XJO) by market capitalisation.

Over the long term, it is probably considered to be among the bluest of blue-chip shares. It is certainly a cornerstone of many retirees’ portfolios. "

https://www.fool.com.au/2022/11/23/macquarie-is-cooling-off-on-its-outlook-for-bhp-shares-should-you/

ALGOs fiercely attacking the SP from 10.33...

Colonel...BHP's original bid for OZ was in August...

SOLG/CGP talks had been well underway for months by then...

https://www.bhp.com/news/media-centre/releases/2022/08/bhp-announces-non-binding-indicative-proposal-to-acquire-oz-minerals-limited

Here is a selection of banker/broker outlook reviews to keep you occupied while waiting for the takwover battle...

Goldman Sachs https://lnkd.in/eKzF_2K4
J.P. Morgan https://lnkd.in/eHb6-622
Morgan Stanley https://lnkd.in/e2nAMjmM
Bank of America https://lnkd.in/e8XFD8TW
BlackRock https://lnkd.in/eYxCBRGj
HSBC https://lnkd.in/eNfBiJvH
Barclays https://lnkd.in/eRT4dsFY.
NatWest https://lnkd.in/euftbUw6
Citi https://lnkd.in/eXwA-Y4X
UBS https://lnkd.in/exudCU6V
Credit Suisse https://lnkd.in/e4CEK5NZ
BNP Paribas https://lnkd.in/ec4hWEdm
Deutsche Bank https://lnkd.in/eAWCSV_7
ING https://lnkd.in/eNpdmVH8
Apollo Global Management, Inc. https://lnkd.in/ewwq_62M
Wells Fargo https://lnkd.in/euMkQnKE
BNY Mellon https://lnkd.in/ezMfVgND
Fidelity International https://lnkd.in/eJwK6tVx
Lazard https://lnkd.in/eku-xhqp

Last Presentation to fremind ourselves...before Darren went...prospective value 78/79p...

https://wp-solgold-2021.s3.eu-west-2.amazonaws.com/media/2022/10/SolGold-Cornerstone-Transaction-Investor-Presentation_2022-10-12.pdf

Update presentation this week...?

If BHP have lost interest in us, why did they vote agianst those Directors...

And why have they twice publicly railed against us raising money through streaming deals...?

Given that hardly anyone is selling now...why would any 'sane' investor sell...especially so close to a takeover bid...?

Algo sale at 16.94...off book buys at 17 plus...

Into the 17s already...