Member Info for mattlilly

Now the only question is...who's got the other 25 million and are they so that somebody can make a quick killing post takeover..?

And when di we get "the Board has received an approach which may lead to a bid..." ?

$36 million sorry

Northern this is all geared towards a bidding war...fear not...one morning you'll wake up and see the SP has spiked...

So all this apparent fundraising will convince naive shareholders and the Ecuadorian government that we have the cash to complete DFS...

The even better news is that we wont need any of it once the bidding starts, but $3_ million is enough to get us to the final bid...

They're new shares...CGP own 157 million which will be redeemed post merger but in the meantime the temporary dilution and the threat to issue another 1.6 billion forces ZBHP and NCM to make a decision...

We could even start the bidding war before the AGM..

And surely we're due a TR1 for all the recent buying...?

It minimises dilution addickt...they'll simply redeem the CGP stake after the AGM and merger..meanwhile another 8% plus to vote for Nick...

Sire F...

CGP own 157 million...the issue is 180 million of which 155 million are going to Jiangxi...

Oops pressedit too early.

So the SR says "we are up for sale" the merger gives you time to ready your bids and you will be buying the whole of Cascabel.

For Sangha to be so unprofessional, he would have to be certain there were bidder(s) waiting in the wings. Jiangxi didn't buy their initial stake through Valustone just as a bauble.

So I believe they are a 'stalking horse' and we know Mitsui ( Sumitomo ) are very interested as well ( look at what they're doing with a significant stake in Atlantic Lithium, another in the DGR stable).

So Nick and Bob have at least two bidders/ counterbidders lined up.

Meanwhile there is no way BHP will walk away without a fight. Ingo told me 2 years ago that BHP had all their best mining engineers in Ecuador looking at the whole of SOLG.

So....all the key personnel are gone...we have an Interim CEO...Elodie and Kevin are going..its only a matter of time before the starters gun fires in a bidding war.

Buckle up...

Oh and sorry Stack...you're wrong...not a BHP apologist are you...?

So here is my take...

The Board, aided by Sangha, are doing as much as they can to annoy BHP...first Oanother streaming deal and now a placing, both of which exclude ZBHP and dilute them.

So the Strategic Review is an invitation to interested players to 'sharpen your oencils'

Jiangsu own Valuestone...this is not entirely unexpected.....

My take is that they dont want to sell the CGP stake pre merger, so they have issued these shares and the CGP shares will be taken into Treasury and then cancelled.

Otherwise they could not be voted. And of course Jiangxi will vote for the Directors who wish to remain because they are favourable to a Jiangxi bid.

But...the Chinese wont get the prize...neither the Ecuador government nor the other major players will want a major Chinese player with a foothold in Ecuador (look at the armlock they've had on the oil industry there) nerve significant increase in the global supply of copper.

Next...

SOLG closed at 18.27 equivalent on TSX...

Ronaldo has left the Club (thank God) and...

The Glazers are putting it up for sale (17 years late...)

anon you certainly seem confused...

You "haven't a clue what (the company) is going to do, but you seem to post a lot of opinions about it, including these two in consecutive posts:

"It's a long term play, simple, because that's what building a mine is."

"Quady, I've never felt production is the most likely outcome."

This is going to be sold...soon...so I hope you're fully loaded because at least you're going to make m oney here sooner than in your first love Polymetal...

OK I'm glad you didn't take it personally because it was good natured...

5.5m a day for three weeks is not "tiny' in SOLG terms...anything but...today's volume was the 11th highest since June 1 2021...thats about 350 trading days...

And day after day, much of the volume is coming after hours...

Today almost half the volume after hours...

What tiddly bit of action...

I'm talking about gthe detailed RNS numpty...

Meanwhile, today's volume was a very healthy 6.765 million and the daily average for the last three weeks has been 5.5 million against a long term average volume of 3.7 million...

At those recent volumes somebody could easily have built up or added a holding of 2/3%...

Filled...?

Big tree shake today IMO on a negative interpretation of the RNS which I agree with DBW was clearing the decks for a takeover...

Being bid for 600k going into the close...

After hours should be interesting again...

Kohaku...simples...vote for Nick and his mates...and get it sold...

How on earth does raising $50 million allow Sangha and his mates to feather their nests...?

A takeover does...