Member Info for mattlilly

Heres the stuff for Quady DBW...

https://www.reuters.com/article/us-solgold-m-a-newcrest-idUSKBN2482A6

and the result?

https://www.mining-journal.com/gold-and-silver-news/news/1393110/newcrest%E2%80%99s-biswas-bats-off-solgold-sale-rumours

https://www.miningnews.net/m-a/news/1393093/newcrest-has-no-plans-to-sell-solgold-stake

https://www.miningnews.net/feasibility/news/1404549/newcrest-backing-solgold-strategy

https://www.spglobal.com/marketintelligence/en/news-insights/trending/zw1hjbgq8to9upukxgf90a2

"If BHP or anyone else makes a play or an attempt then we'll just assess it at the time."

Hallelujah Bubble...post of the day...

Time for a coffee...

Just frustrated addickt....you're a breath of fresh air...

Theres a glimmer of hope but...

Takeover bid currently has 11 votes, but...

"Why are you begging for recommendations?" has six...

You couldn't make it up...

Thanks mate.

So can all the very intelligent posters on here (and no I'm not being sarcastic) answer me this?

Why would "the biggest copper producer in China"; a"lso involved in the exploration and exploitation of copper, gold, silver, lead and zinc" spend $30 million buying 6.3% of Solgold?

This represents 0.15% of their total assets...?

As an investment?

As an act of charity?

Or as a toehold for a bid for a company whose prime asset has a NPV of $2.7 BILLION, i.e. 13% of its total assets and an armlock on the second biggest new source of copper for the next 55 years.

And why did they only pay 16.8p?

Well at the time that was only a discount of only 2% on the SP the day before and...

A discount of only 7% to VWAP...find me another deal that good...?

So what this stake does is it gives a highly credible potential bidder a toehold in SOLG from which they can launch a bid which at 50p would look generous to them compared to the drift of the last six months...

It also forces BHP and NCM to make a decision...because...Jingxiang and the CCP are a credible biddr as the Chines seek to build a stranglehold on all EV critical metals, those two majors must decide why they are holding and what they will do.

Having conducted their own strategic review, NCM decided to continue to hold SOLG as a 'strategic investment'.

In which case they surely will want their money back at the very least. Sangha brought them to the table.

Mitsui also has to decide what they want to do, having told the Ecuadorian VP MIning that they wanted a stake in Cascabel. As The Australian reported on 14 October 2022:

"Japanese commodities giant Mitsui could emerge as a rival for BHP and Newcrest in the development of SolGold’s South American copper project."

And BHP must decide, having been diluted to 9% with an investment worth a mere £52m or 0.05% of their total assets, whether to make a bid or sell out to the ultimate bidder, because there is no way they could sell their stake in the market other than to another interested party. And they would hate this prize to go to the Chinese...

So I repeat...why did Jiangxi buy 6.3% of Solgold...?

So Talatum says "The directors have made up their minds as to the direction of travel which is to go to production."

Where is the evidence of this as opposed to Sangha, Irwin et al clearly indicating a takeover...?

I set out to get some clarity today, but I'm sorry, I've wasted my time.

The only thing that I can hope is that this has helped you to think through why you are here and what your ultimate goal is.

You should NEVER buy shares unless you have a very clear strategy. Circumstances may sometimes modify your strategy, but you must still have one. If you don't and just sit there hoping for the best you see your shares rise to 35p...do nothing...and end up golding them at 16.7p, hoping against hope that some good news will come along or something will happen that will boost the shares again.

But just look at the last six months...nothing has boosted these shares for more than a few days...not even the October 7 RNS...

So what I'm saying is that at least one bid is coming, unless you boot out the people who are trying to get the best value for the share.

If you vote them out, expect a lowball BHP takeout within weeks...

Novice...

I will only sell when ther is a recommended, accepted bid, whatever it is.

When that happens you won't be able to hold out for £1.20, £1.30...don't you understand that?

I have never held shares until the cash arrives, because it can take months, so if i have to accept a copper less I do that to access my cash ASAP to reinvest...

I'm NOT happy to accept 80p, but if that is the final successful bid I will have to.

When the bidding starts it will be totally out of our control.

PIs represent only 20% of shareholders here.

But we CAN reelect Mather, Dan and Steve to do the very best for us.

When you look at the last 3/4 years, the alternative is oblivion.

If they are voted off, how will that look to analready jaundiced market?

Wherte would we get new Directors from?

Good guys have jumped ship early...Keith, Kevin, Elodie...

You are facing a scenarion where BHP could take over the Board and then you won't even get 50p...

And if you did hold on for another few years, with no actions planned on PFS2, Porvenir or the other major projects and even if by a miracle Cascabel was funded (why do you htink Ingo, the guy recruited to fund Cascabel resigned?),there will be massive dilution...

You think it can be funded by streaming royalties. At 100% you can say goodbye to dividends for years...

I have always insisted that this is not another Sirius, but those who still want to take this to production may be facing exactly that.

We couldn't get more than 16.8p from a prospective bidder tells its own story. Thats what we're worth...

£383 million, or 16.7 oence a share...

Unless theres a bidding war...

Its OK addickt...I've wasted my time.

The lack even of more than 4 votes is a clear indication that people would rather sit on this Board, hour after hour, day after day, arguing with Quady, putting forward hypiotheses that are never going to happen...reading disgraceful posts by such as slug....rather than finally being put out of their misery.

So let me be crystal clear...

If you vote for Twigger and Clare and against Mather Dan and Steve, you are voting for years more aimless drift and eventually a Sirius Minerals scenario.

Its no longer about whether or n ot a vote will come or whether its the best scenario.

Its about will you accept the money when the final bid is decided.

I will. Although I've made money out of SOLG in the past, I'm sat here with 2.3 million shares, with no dividends, costing me lost interest or even profits in other stocks, looking at the prospect of endless misery otherwise...

So although I've said the final range might be 60/125p and a minimum value of 78p, I'm at the point where I would definitely accept the final bid because

This is not going to go for 40p...do you think Mather, Sangha, Singh and Irwin are fools?

And even if there was a lowball, there would be counterbid(s)...look at Noront...23/55/75/110...

And who thinks BHP or NCM would accept 40, 45, 50...

Even if that sad scenario happened, what you paid is irrelevant. Your shares are currently worth only 16.7p...even 50p is a 200% gain...where else could you get that while the rest of your shares are drifting, falling, in loss...?

OMG Not2sure...did you really write that...?

"why have they handed control over to a group that want it sold ?"

The share price has an all time high of 45p and it now sits at 16.70p because of aimless drift.

I'm so glad that someobody will finally put me out of my misery by bidding for this huge pile of disappointment and frustration...

Luke...thats another meaningless debate.

It vwon't be us valuing the asset if someone makes a bid.

It will be your decision whether to sell or wait for the money. You have no control whatsoever, because at 75% its done and dusted...

OK so you could hang on to 90% when its compulsory as the MUST did at Manhcester United but, at a high enough price the deal will be done.

So is your answer yes or no...simples...?

OK...at least 80p...!

Do most of the people on here want to keep reading and writing pointless opinion for months and months or would you rather be put out of your misery now?

Why are you so dirsruptive Orthern...?

If I just put 'vote fore a takeover bid' it would trigger another meaningless debate starting with people saying "at what price?"

Its a simple decision.

People are opining about this that and the other of possible outcomes from the Strategic Review.

You know my view...there will be a takeover bid(s) soon.

Would people accept it or would they rather waffling on with meaningless debates for a year or so as the SP drifts and they are glrund into the dust with boredom.

To put it bluntly "I want out" but not just at any price. Who's woth me?

OK so that didn't work...

Please reply Yes to this post if you would accept a takeover offer at a reasonable price now...say 80p...

So is this a Yes vote Orthern?

"I believe both sides have now accepted the only way for an acceptable pay out is to merger and try to sell"

I'm not begging for Recommend silly man...

Its a vote.

Its far simpler than having 20/30 posts clogging up the board.

Do you really think I'm that sad...I don't even look at recommends...

So...with Bozi, Quady and others advancing different scenarios that don't realise as much monetisation or as early as a takeover battle...

Please "Recommend" this post is you would acceot a takeover offer at a reasonable price now...say 80p...

Orthern...there you go again...please tell me how you calculate this?

"if the project finances are not that great"

Ther was $11m left at the end of September; $50m from Osisisko; $36m from the placing (banked) = $97m...

Plus potentially at least $30 million from sale of the CGP shares and then lent to SOLG, makes $127m...

This would be more than enough to get through DFS to financiang Cascabel...

And in fact you refer to "project finances are not that great" which appears to refer to financing Cascabel...

But we aren't getting that far and the market would be a very differnt animal by then with much lower inflation, lower North American interest rates (where the funds would come from) and an even tighter copper market than now...

No OK Stack but all I've done is a calculation based on the average daily volume compared to the actual daily volume over the last few weeks...but actually if you look at the patter of lower volumes over the previous few months, it may well be more than that.

As someone once said...for every seller there is a buyer.

Cheers mate and welcome back.

He's backpedalling to position himslef for when there's a takeover and he will say "I told you all along..."