Member Info for mattlilly

Vote against for a cheap BHP takeover...

Hi anon...I understand you thought I tipped up a company called Versarium or something...

I'm afraid you've got the wrong guy.

I have got both JAY and 1SN which I'm holding for the long term and you know I have a big holding of GPM other than SOLG.

Sorry mate. Anyhow I never buy/hold anything without plenty of ongoing research...

I am not criticising GGP in any way...I'm simply using them as an example of how a J?V isn't necessarily good for the share price.

I don't blame GGP one jot. NCM's offer was no-brainer for what will be a very expensive mine to build.

But I feel genuinely sorry for shareholders that NCM shafted them and don't want a repeat by BHP?NCM on here...

I hope you understand.

Thats a very good point SM. Well said.

Yes finally they are putting all the Directors up for re-election.

All any Director needs is 50.0000001%

Nick Mather gort 55% but this was deemed by the then Board as a vote of no confidence.

So I think if they all got more than 50% they would all stay in post until the takeover battle is complete.

Thats true and I have, but its easier for people to vote for all of them in one go.

Listen to DBW...he is one of the best informed, most reasonable ans sensible posters on here.

Kevin O Kane and Elodie are resigning, and ALL of the oter Directors are vup for re-election.

If none of them are elected, BHP and NCM could end up running the company by virtue of their right to appoint a Director, which one assumes would happen immediately after the AGM and BEFORE the Merger...

In other words the point of maximum risk...

Be warned...if tbe above scenario happens I would expect the share price to be in single figures by the end of December...

If you don't like certaon Directors, don't worry because when the takeover happens they will all be gone...

YOUR VOTE COUNTS!

I still have Quady filtered, but I have picked up that he has moved his position from production to J/V, because he has to believe he is right.

Frankly that would be the worst of all options as I posted the other day...

"If you want to consider the risks of a J/V and the possible SP effects, just look at GGP, NCM and Havieron...

November 2020:

"Newcrest and Greatland sign new landmark agreements to facilitate the acceleration of early works and expanded exploration activities at Havieron"

SP rises from 21p and tops out at 37.35

SP drifts all the way down to 15.6 in October 2021

7 October 2021 PFS Results and SP spikes to 15.6

Recommences its drift down to 9.3 in July 2022

19 August 2022:

"Further to Greatland's announcement of 21 July 2022, Greatland is pleased to advise that Newcrest has elected not to exercise the option under the Havieron JV agreement to acquire an additional 5% interest in the JV from Greatland"

SP now stands at 7.5p...80% below its peak...and investors are still waiting for the crock of gold..."

Be careful what you wish for...

While I understand some on here bought for the long term and a future of production and dividends, but few could argue that is at least 7/10 years off...

And I don't think its selfish to want a substantial return in the near future rather than waiting with an investment that pays nothing while missing other opportunities in the market.

And those who fear a 'low ball ' bid need not fear a lowball takeover, because we already have three majors involved and another one stalking Cascabel...

I am firmly of the opinion that a takeover battle looms and even if the first bid was say 40p, that will be well short of the end game. After all, when you consider BHP and Newcrest's entry points, why would they concede defeat and cash their chips for less than 70/80p...

Even a successful bid that low would be a gain of 350% from the current price...

And before you say it, what you paid is irrelevant unless you have somebody else to answer to. The price is wherte it is now...18.5p...and if that does not represent fair value to you, what can you do about it?

In the next post I will repeat my concerns about the J/V 'option' with the salutary tale of Havieron, for which read Cascabel.

But for now, if you believe all the hype from Mather (at Noosa), Sangha and Irwin, this is going to get sold soon.

But even if you don't, you MUST vote at the AGM. Its been hard for me to admit it, but we must vote to keep Nick and his colleagues in post, because the alternative is for BHP/NCM to carve up the remains of Solgold in an orgy of pillage.

Thanks

DBW posted it at 6.17 yesterday...hes usually first...

20.15p on a mere 15k...

18.51 for 100k now...

18.38 Bid for 100k...

Lets see if it settles or moves up again

Meanwhile firmly bid for 500k at 18.29 vs market price of 18.28/18.50

Thats all for now...GLA

Moving up again...

Interesting...in March they held 73,948,696 so either the 7th October figure was wrong or they haven't declared their position, which of course they don't have to as 74m to 90m to 83m doesn't break 4%...

So why an RNS now unless....Solgold may be getting notifications all the time for all we know and may have chosen to announce Norges holding as showing an increase...

Whatever the situationm, Norges holds 8,926,304 shares more than when they first declared on 1 March...

And also you Jezzoo...

Thats the whole point...the 'Big Buyer' makes two buys of 31m and 11m but the order has been accumulated over time form a number of sellers, not just one...

Hi Quady...for some reason I'm now having to sign in every day and I just saw one of your posts which was the most sensible and well informed that you have ever posted.

I hope you are well and looking forwrd to the festive season...

Signing off...red...

No worries...Industrual Metals down 1.5%...copper down...gold down...

SOLG only temporary...

Now thats interesting....

It looks like the big buyer is still around because although I was able tio buy those 100k, I am firmly bid for 500k at just below the market price...

That suggests to me that there is one MM buying in size while my putchase was filled with parcels from the rest of the market...

After all my boy...a market maker has to make an honest crust and the best way is to keep actively trading...

;-)