Member Info for mattlilly

They may have said that before Rodney but this is what they said today…that means 3/4 months not 15…

“Additional funding BY Q2 26…”

“ Based on management's latest projections which include financial commitments already made, and taking into account this recent expenditure on the ongoing development of the Cascabel project, the SolGold Board has determined that SolGold would need to raise additional financing by Q2 2026 to be in a position to continue its development activities.

Therefore, and having reviewed SolGold's options for raising this financing, the SolGold Board anticipates this financing would likely take the form of issuing new equity to existing and potentially new shareholders. The terms of this equity financing are uncertain and would potentially be done at a material discount to the JCC Offer Price.”

Sorry…12 months…

You’re doing a cracking job on here Rodney but if the No vote succeeds surely the SP will tank especially because of the cash flow warnings.

JCC would be precluded from returning for 6 months.

We sold all ours at 28p exactly because of this scenario…would love to buy back in at 15p and hold indefinitely or until a new bidder appears…

How many on here would be happy to see their holding drop 45% just so they can be vindicated…?

Are you kidding ned…if the vote fails there may be placing could be at 10/15p…

I thought turkeys didn’t vote for Xmas…

If the vote fails there may be a bloodbath…

So here’s the thing…

Today the SP falls below 28p….

The GM vote fails…

The SP slumps…

We buy back in…

A new opportunistic bidder appears…

We make more money…

Fingers crossed

Not worried…there’s £1 million shirts in AFC but…

£14 million in ITM and…

£18 million in CWR…

I agree CN…and it may move up as we approach the Results presentation and even spike afterwards back towards 17 or more…especially if the US JV partner is named or we get other spicy news..

Certainly the market is short of stock…I had to pay 10.94 to get 180,000 when the quote was 10.70/10.80…

Ok so gold and silver stocks are still massively undervalued...

E.G. Greatland Gold generated $450m this quarter alone!!!!

Companies like Equinox will be minting it....

Every dollar on the gold or silver price is pure profit for gold and silver miners and some stocks have been left behind, especially GGP (our second biggest holding), only up 34% since Jan1 and GPM only up 23%...

And the discount to NAV is 20%...

While the Gold price is up 29%; Silver up 66%! HOC up 45%

Meanwhile the dollar has collapsed to almost a 4 year low and is pushing hard on support...if it breaks down, next solid support is 7% lower

So....I've put £100k into GPM and £100k into GGP today...

To try and give a balanced view, because time is running out...

Its now a risk reward play.

If theres a counterbid theres more to come but if a major was going to bid why haven't they by now?

Clearly neither of the favourites is interested BHP and Newcrest and it may well be that the predators are waiting in the wings for the bid to fail.

If it does theres a risk the SP could fall to say 14p in which case I would buy back and might suit another predator...

But what worries me is that with Trump's 'close relationship' with Noboa, the US will never let him allow a major prospect to go to the Chinese...

Times running out and I still can't see JCC getting 75% but the question is, what happens next...?

3600 shares sold at £68.7...?

Whaaaat!

Still increasing their position...who for? Barrick?

Or as JCC cannot vote in favour the GM needs 86% of all other shares voted in favour...

No wonder these hedge funds are stacking up...

So IMO JCC has a big decision to make...up the bid significantly or risk being barred for 12 months...

2 weeks ago he said this in a LinkedIn article...if thats not an invitation I don't know what is...

"Copper has been central to the vast majority of the recent m&a attempts and actions in the sector...."

And

"This leads to 3 conclusions: 1. the price of copper is likely to continue to surprise to the upside; 2. the major producers will be forced to continue to feed on juniors and mid caps; and 3. after a pause of over a decade, further consolidation within the majors is also increasingly likely.

Happy hunting."

https://www.linkedin.com/feed/update/urn:li:activity:7402998114426650624/

Global X plus Abe plus Samson Rock plus Qbe plus JP Morgan equals c12.5%. DGR plus Tenstar 10.8%; Small shareholders through Hargreaves, Barclays and Aberdeen (II) is 12.9%; other funds such as Norges Bank own 9.2%. All that adds up to c45%...how on earth will JCC get 75%...?

"If a Scheme of Arrangement bid fails in the UK (e.g., fails to get 75% in value of shareholders' approval or court sanction),

the offer lapses, and the bidder is generally restricted from making another bid for the same company for at least 12 months, subject to specific exceptions. The target company remains independent, and any break fees agreed upon may become payable.

Key consequences include:

12-Month Restriction: The bidder cannot launch a new offer for 12 months, unless the Takeover Panel permits an exception (e.g., a higher competing bid by a third party).

Lapse of Offer: The proposal terminates, and the target company's share price may drop as the bid premium vanishes."

Meanwhile Global X, Samson Rock and Qbe are all still increasing their exposure

"If a Scheme of Arrangement bid fails in the UK (e.g., fails to get 75% in value of shareholders' approval or court sanction),

the offer lapses, and the bidder is generally restricted from making another bid for the same company for at least 12 months, subject to specific exceptions. The target company remains independent, and any break fees agreed upon may become payable.

Key consequences include:

12-Month Restriction: The bidder cannot launch a new offer for 12 months, unless the Takeover Panel permits an exception (e.g., a higher competing bid by a third party).

Lapse of Offer: The proposal terminates, and the target company's share price may drop as the bid premium vanishes."

JP Morgan (5.03%), Qbe, Samson Rock and Global X are all still increasing their position and the hedged book of Barclays is now over 52 million shares...

Sensible funds don't make overt gambles like this...

I voted No today because this is by no means a done deal...

75% seems a very high hurdle even if 40% are 'committed' (but released from that commitment if a bid of 29.5 or more arrives...

In fact anyone who plans to vote yes should be taking any price above 28p right now…

Or they are so unsure of themselves that they think a rejection and/or counter bid are possible…?