Member Info for mattlilly

And heres the 'next cab off the rank' Quady...

So you've had "40 years of investing" which probably makes you 60/70...

How long do you plan to live...?

because I'm deeply worried that the beneficiaries under your will are going to reap the rewards of your patient investing...IF they decide to keep their Solgold shares when they've fallen to a copper or two while the world waits for a dividend.

You're a clever man so you can do the maths...

According to the COMPANY (your tried and trusted source), Construction doesn't start until Q4 2024...

And Production doesn't start until Q3 2029.

That means the first Net Positive Cashflows don't arrive before 2036...

And if they don't pay a dividend until the followingh year, you might well be 85 by then...

Can you wait that long?

Well I suppose you've waited 40 years so far, so another 15 years here or there is a mere bagatelle...

Or you could take 100p plus soon when the takeover battle concludes.

No doubt you'll then tell us thats what you were planning for all along...?

So Quady lets deconstruct this:

"the only way this can go is we get to production."

So what is the point of a Strategic Review?"

And why are Mather and Irwin saying Solgold will be sold...

And if BHP/NCM are out ("they can go screw themselves") who will we J/V with?

"Because if that's not possible, then no one will bid for us"

So if, as you're saying ""the only way this can go is we get to production." then somebody can bid for us...

Then you say

"until we get heavily diluted in which case we get a cheap bid."

The only way we can get to production is by getting heavily diluted...so in that case you accept that "we get a cheap bid."

So is that what you really want...take Cascabel to production, get heavily diluted and get a cheap bid...

So in that case why wouldn't you want an 'expensive bid' now...?

"We are now attractive and...no one will bid for us..."

What do you mean by "we are now attractive"?

If we're attractive, surely that means somebody might very well want to "bid for us"

All the best and more to come...

Hallo Quady...its the ghost of Christmas past...just logged in to see if you've come to your senses yet...

And no...first post I see shows you understand absolutely nothing:

"That's my point Bozi, BlackRock are not selling shares. The shares being sold belong to funds and ETF's. So it's their clients shares in Solgold that are being sold. I repeat BlackRock are not selling Solgold shares.
That statement is factual."

Whaaaatttt??!!!

Blackrock is the biggest FUND MANAGER in the world...not broker...

"Clients" invest in their funds...they have very many different funds, with different foci...

When reporting major holdings they consolidate all the holdings in thne individual funds.

Blackrock have been selling. That means BLACKROCK FUND MANAGERS have been selling Solgold shares.

Their clients don't buy individual shares in companies, they invest a stake in an individual Blackrock fund that may ior may not buy/hold Solgold shares.

BlackRock Fund Managers have been selling Solgold shares.

That statement is factual.

Get it?

XIB are Toironto based...

Thats puzzling Steve...my post for you has disappeared...glad you got to read it...

I wonder if Slug replied to it and the string got removed...?

I can't buy more than 5,000 shares and thats at 4.99 but...

I can sell 100,000 at 4.98...

Interesting

So you remember the stuff about the 0.5% short yesterday?

It was actually 12.38 million shares, shorted by XIB Asset Management (a 'merger-arbitrageur')

I was idly perusing yesterday's trades on TMX...110,000 SOLG shares were 'bought' by 'Haywood Securities', almost all at 29c (i.e. 17.98)...and guess what? Haywood's address is...yes...181 Bay Street Toronto, samed address as XIB Asset Management...so were they closing their short?

And guess who that someone was...?

Are you kidding SEAV...?

Worst possible scenario...

Anyhow the Chinese do joint ventures with other Chinese partners...

What we need is a bidding war to maximally monetise the assets

Puzzling Bogota...maybe it will show up afterhours...has happened a lot recently...

No trasde shown on the Official LSE 'Trade Recap...nothing between 9.24.33 and 9.34.03

Seen an update from DBW on another BB...more detail later...

Obviously reduced proportional holdings for BHP/NCM to c12.5%

Jiangxi 6.26
Norges and Blackrock sub 3%
Scott Caldwell 18.6 million

Total 'over 3% 'friendlies' c33% including Valuestone and Berry Street
BHP/NCM 25%

Still time to vote to support the Resolutions

Solgold XIB Asset Management appears here as an individual fund bc over the 0.5 % UK threshold to report. Note I believe there is an offset long in CGP shares for the merger arbitrage. Last time I saw aggregate shorts= 4.5% and think a large part is arb

apart from my theory Jiangxi will buy CGP’s SOLG stake which was said to raise >$30mn in the form of a loan to SOLG, I am sure Maxit knows Jiangxi’s block trade price, AND J will probably top up in the open marketPlausible J goes to <30% in SOLG

in my eyes Juangxi will have a red carpet rolled out. Plus I insist in my speculation they will have CGP’s Solgold stake

Solgold shareholders who are diluted 7.3 % should buy stock to top up to keep stake intact by the same percentage. Stating the obvious. Trading a similar price as Jiangxi, Maxit and insiders price. Any index tracking fund -albeit small- will buy shares on admission date

#Solgold has 17 tradings days until the CGP merger vote, and in their filings it was clearly stated that CGP’s stake in $SOLG would be placed ahead of the merger. Jiangxi is happy with Solgold and Newco after Due dil. CGP is happy with $SOLG shares and so is Maxit

Solgold next step is to sell CGP’s $SOLG stake to Jiangxi post + due diligence So they go to +13 %. Hence why Maxit picks up stock as BHP and NCM left out. Specially post Maxit telling them to fk off. Jiangxi on the CGP print will create the price tension

We will see the financing runway cleared until almost 2024. I also still see the shares trade substantially above here > 30 p Likely trades eventually at a 30 % discount to NAV on this basis in the absence of a bid.

BHP made a bid and as a consolation prize were allowed to buy shares at 45p...

Hubrishunter
@hubrishunter
·
Dec 12
@bigdude6669
so you were not offered Solgold new shares? How come Maxit took 23 mn shares? And they have the $SOLG stake in addition via CGP. Hope you are vocal you never got a call. What is your theory? Maxit indirectly will lose SOLG stake and now this?

Reply

I think Bob Sangha at Maxit is putting his money where his mouth is. For me, I will own enough SolGold shares once my Cornerstone shares get converted, so not at all fussed that Maxit stepped up. Shows his confidence in the future of SolGold.

ow, this is a positive change!!! Berry Street Capital says "the Board now appears to be making decisions that are in the best interest of the Company and its shareholders."

It is good to see a third party indicate that they like what they see going on. I agree with their assessment, SolGold has really started to do some good things. Market doesn't seem to care at present though.

Bigger holders than them in SolGold, they won't be driving the pricing bus.

I doubt that Mr Caldwell is short of a bob or two and...

Based on DC's salary it would take less than six months to pay for the shares...

If he is really short he could have borrowed the money for 3 months, knowing that he's going to make a ton when the takeover battle happens...

1981...thats a fair post...

Did you read the articles and Warren Irwin's tweets about a takeover bid...

You see the people who say that will not happen must always be right until a bid comes, because we won't know until:

The shares are suspended or...

There is a RNS saying "the Board has received an approach whic may lead to a bid..." or

There is an announcement that a 'friendly' party has made a bid or...

A holder reaches 15% and has to state their intentions whether to bid or not or

There is a hostile takeover bid...

So people then speculate that SOLG may already be talking to a potential bidder, but again they must announce that, so...

Why is the price low?

Part of it is obviously because we have just placed 180 million shares at 16.31 and while those have all gone into 'safe' hands, it will have changed the valuation perspective for holders and buyers...

SOLG has handled itself and its PR appallingly badly for at least 2 years until recently.

Finally if, as seems likely, there is a 'merger arbitrageur" who has been shorting the shares to keep it suppressed while they buy on the other side and/or

There has been a substantial buyer who may even not yet have completed their Order, such that the MM(s) have suppressed the price while the order is built

So what will unlock the undoubted price potemntial here would be:

A bid

A positive RNS

The completion of the merger (after 9 January).

In the meantime I guess a fair few folk are nervous about the outcome of the AGM...

Hope this helps?

They were part of the recent placing...

Big buys after hours again...

2.5 million including the UT...

LSE says 5.65m total...

Since the beginning of November we've averaged 8.3 million a day compared to the long running average of c3 million...

Thats an additional c130 million shares traded...and because people don't see the SP going up, they think nothing is going on...

Berry Street supporting the Board is a major volte face...

That can only mean they want SOLG sold ASAP...