Member Info for mattlilly

This is interesting and potentially significant given that Jiangxi "owns" Valuestone...

https://www.mining-journal.com/copper-news/news/1378475/first-quantum-adopts-poison-pill-plan

"Valuestone is an international private equity fund manager dedicated to mining and natural resources investment. Valuestone Global Resources Fund I has been established by Jiangxi Copper Corporation (China’s largest copper producer)"

http://valuestone.net/en/overview01.html

https://en.wikipedia.org/wiki/Jiangxi_Copper

Closing in the 26s for Christams would be a good start...

I have 100k ofvfree DGR options also PV...fingers crossed...

That is really sneaky...it was held up to look like a sell...

Its a BUY at 134.50...

I bought £30,000 worth at 13.55 that haven't been reported yet...

Happy Christmas one and all. Thanks for all the constructive, positive, respectful and well researched posts this year.

That's what this board should be about...adding value, constructive well thought through opinions and accessing stuff that we otherwise might miss.

The trolls, misfits and unpleasant people are...thankfully...filtered.

ATB RK

Agreed DBW...sorry I was posting while you were so our paths crossed...

Its a fair point ET but for some companies SOLG could be a transformational takeover...Wyloo didn't back off and ended up trumping the biggest mining company in the world...

Meanwhile, I keep seeing references to a third party bid being lined up by Nick...am I missing something...?

At 30 June BHP had $13.246 Billion Cash in hand...

I can tell you categorically from my contact that they have up to $1 billion in streaming finance if they want it as part of the Alpala Financxing...

The treason that BHP and NCM were passed off by the Franco Deal was, as they made clear at the time, because they wanted equity finance in order to maintain or in crease their stake...

That was the one thing Nick did that really upset them. Craig Jones was unhappy to go...

WHAT DOES IT TAKE TO GET YOU GUYS STOP POSTING ABOUT COVID?!!!

IT HAS NO RELEVANCE HERE AND IT IS BLEDDY DISMAL...WE'VE HAD 21 MON THS OF IT!!

We've got iron as well Bubble...

"Lundin Mining to acquire world-class Josemaria copper-gold project in Argentina for C$625 million..."

https://www.kitco.com/news/2021-12-20/Lundin-Mining-to-acquire-world-class-Josemaria-copper-gold-project-in-Argentina-for-C-625-million.html

"the project has a completed positive feasibility study..."

6.7 billion lb of copper, 7.0 million oz of gold and 30.7 million oz of silver

Alpala

9.9 Mt Cu, 21.7 Moz Au and 92.2 Moz Ag

So...Alpala has 2.1/2 times as much copper...

Almost three times as much gold and just over half as much silver...

Josemaria valued at £375m, so Alpala salone should go for c£1 billion....

SOLG MCap...?

£559 million...

25 messages...14 filtered...that's what this board has come to...

Oh and I forgot SM...we are overdue a CFO now the CEO has been appointed...so another loyal Member to be added...?

Will you two shut the feck up! have you no decency and respect for others on here...?

zoros is on ADVFN...send him a private mail exchange over there...PLEASE!!!

Hi SM

I'm not sure if there is a limit on the number of Board members, currently nine.
12 would not be uncommon.

As I have already said, BHP can nominate a Director any time. NCM withdrew Craig Jones but retain that right.

I can't see why NCM would row in with BHP to stir things up. They retain their holding as 'strategic' but even if they sold out they would surely want north of £1.

At present we can agree that it is unlikely that any of the present Board would support BHP.

KOK is Chair of Nominations and I'm sure he wouldn't have been appointed if he was a BHP sympathiser; or at least he would have been kicked out of that Chair.

While Darryl is ex BHP, he surely would have had to have Mather and Moller's votes on Nominations to be appointed?

Of course the entire Board could be thrown out next year, but that is a year away and I cannot for the life of me see why BHP wouldn't keep it simple and make an outright bid.

There is all sorts of 'political' and fearsome speculation on here, and some people are concerned that we could be taken out for a low ball 45/50p...

But I say again...with a global shortage of copper looming and a dearth of Tier 1 prospects, nobody can persuade me that other majors would stand aside and let BHP steal the crown jewels.

Finally, Twigger made a catastrophic error of judgement IMO by calling out BHP...and look what happened...one of the 'old guard' out and at least three others clinging on...until December...?

But one helluva lot is going to happen here before then.

Thanks for your constructive post.

Red (AIMO as usual...)

PLEASE...can we STOP talking about COVID or anything else irrelevant...

I've already had several friends contract it despite being double jabbed and I personally know several people who diesd of it.

Just because there's nothing happening, doesn't been you have to clog this Board with irrelevant stuff.

PLEASE!

"My biggest fear with this stock is that BHP and/or NCM ensure the boardroom is stacked with 'their' people "

Sharketmare...once again I ask the question...

By what process can that happen?

There are only three ways even ONE BHP Director could get on Board...

1 If they take up their place by right. If they were going to 'stack' the Board don't you think they would have done that by now?

2 The Board appointment process:

The Nominations Committee propose(s) a candidate (s)

That Committee now consists of: Kevin O'Kane (Chair), Liam Twigger, Maria Amparo, Nick Mather

OK so to be fair KOK spent 14 years at BHP, but MAA is truly independent; Liam Twigger publicly called out BHP and Nick isn't going to support a BHP candidate.

So even if KOK tried to push one he would be massively overruled, even if it got to the Board itself.

3 BHP could put up a candidate at the next AGM if there was a vacancy and trust they would get elected, but as I just said, why wouldn't they just take up their rightful seat (by virtue of their shareholding)

And finally, assuming the Board implements the decision they made in August 2020, the whole Board will be up for re-election. Try to imagine what it would take for BHP to organise a coup of that magnitude and please give me ANY example where that has happened in corporate history?

Even then, they would then have to call an EGM and put up their own candidates.

But why on earth go to all that trouble when all they have to do is table a knockout bid and take us out lock, stock and barrel, including the entire Board of Directors.

So in conclusion I understand that some people have this BHP bogey man fear and to be clear I have never supported BHP but I do see the sense of a BHP JV for Alpala on our terms to unlock and monetise the rest of the portfolio...

But some of the theories being put forward are fantasy land...

Frankly I would be much more concerned if Nick sold out to...say the Chinese...after all, he brought them in through the front door...

Seasons greetings

" Nobody wants Solgold shares at the moment"

In my view the current problem is lack of liquidity because very few people are selling...

I'm guessing that most people and institutions are fully invested for all the reasons we discuss on here...

Either there is going to be corporate/drilling news, which would enhance the intrinsic value even further...

Or...there will be a bid(s) and maybe the start of a bidding war ala Noront...

So in conclusion, I believe most people like myself are expressing our frustration/impatience, while having no intention of selling...

And while some might be disappointed that we haven't pushed again today, the FTSE is down 2.09% today and "Industrial Metals" are down 2.77%..pretty much the same as us...

However...if the gold price gets going again we could motor through27 in the next couple of weeks...

AIMO as usual...