Member Info for mattlilly

Even if it were true that BHP wanted the present Board out, they could not possibly oust all the Directors, especially the independent Directors.

They were not the only ones wanting change in the CG round...

I want change...

Like BHP I want the Old Board out, who have presided over the atrophy of the last couple of years, starting with Moller...

I'll give Jason a chance to show his worth once the independent directors have control and we have a new CEO...

I totally agree addickt...and that's what worries me...how do you finance Alpala without the two main shareholders onside...?

Nobody or nothing could force BHP to move until they reach 30%...

This is all a smokescreen...hence no response...

Let's see what the AGM agenda brings next week...

And Newcrest...from November 2020...

Just after this article...

https://www.mining-journal.com/m-amp-a/opinion/1399422/takeover-battle-for-solgold-is-‘about-to-begin’

And this

https://masterinvestor.co.uk/equities/johns-mining-journal-the-games-afoot-at-solgold/

Newcrest is SolGold's second biggest shareholder behind BHP, but became frustrated this year by SolGold managing director Nick Mather's decision to fund development of its Cascabel project with debt instruments rather than equity.
In June, a frustrated Newcrest withdrew its representative, Craig Jones, from the SolGold board, and the company also declined to participate in an equity raising at that time.
Despite the tensions, Mr Biswas rejected suggestions he wanted to sell Newcrest's stake in SolGold.
''We definitely want to keep our position in SolGold, I think long term there is a great potential in what might be in Cascabel or elsewhere on the SolGold leases,'' he said on Tuesday.
''The only issues we have had in the past relate to governance issues, particularly in relation to the recent royalty and loan deals which we thought transferred unnecessary risk to the shareholders and gave away value outside of the company.
''In terms of technical fundamentals, we still believe that one day it will be a great mine, but there is a way to go yet to prove that up."

"
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https://www.ft.com/content/c2ff0cb4-0211-11ea-b7bc-f3fa4e77dd47

Barrick Gold is looking for opportunities to grow its copper business through either exploration or acquisitions, according to its chief executive Mark Bristow.

Copper is viewed as having the best fundamentals of any commodity, with demand tipped to rise over the medium term as the world shifts to cleaner energy just as supply is pressured by falling grades at ageing mines.

As a result, most of the world’s big mining companies are trying to find ways to increase their exposure to the metal.

“Where we have opportunities to secure or expand our copper footprint, we will,” Mr Bristow told the Financial Times in an interview.

Hailing copper as a “strategic” metal, Mr Bristow said he was already looking at some exciting copper projects in South America but was also prepared to consider acquisitions."

"My chosen suitor"

"“The gold price is up and the copper price is down,” Mr Bristow told the Financial Times. “So there are bound to be opportunities.”

From the Solgold Twitter feed...November 2019...now I wonder who might have posted that...?

https://twitter.com/SolGold_plc/status/1194598510785638404

And Newcrest from June 2020

"Despite the tensions, Mr Biswas rejected suggestions he wanted to sell Newcrest's stake in SolGold.
''We definitely want to keep our position in SolGold, I think long term there is a great potential in what might be in Cascabel or elsewhere on the SolGold leases,'' he said on Tuesday.
''The only issues we have had in the past relate to governance issues, particularly in relation to the recent royalty and loan deals which we thought transferred unnecessary risk to the shareholders and gave away value outside of the company.
''In terms of technical fundamentals, we still believe that one day it will be a great mine, but there is a way to go yet to prove that up."

Show me the way to Amarillo....

"one of the best holes ever drilled in south America" comes to mind Colonel...

Totally agree Eish....I've been convinced for some time that there is a correlation between SOLG SP and the POG...

Clue...solGOLD...

So...gold was in the doldrums and spiked today on inflation news,,,

SOLG was on its knees before midday and then rose 6.5% as gold rose...

Finally, the recent spikes in copper hardly dented the SOLG sp and today copper has fallen as SOLG recovered...

But we need news for rocket fuel...

Good point Italian

As at August, Berry Street had no holding in Solgold, nor had it opened, closed, bought or sold...

https://wallmine.com/fund/4zv/berry-street-capital-management-llp

So what are they playin at...?

They do own $33 million of BHP, but it would be a very public and inept breach of FCArules by both if they were lobbying on BHPs behalf...

So who was REALLY behing it...?

4 weeks Lunch

That's worked well so far Italian...not....

SP was 46.5 in May 2017...and 24.9 last September...

Try 9 days earlier David...

4 weeks bubble...

Let's not forget NM/CGP could vote at least that much...

If they're going to bid I would have thought they would be more likely to go hostile after the Chairmans letter...

And remember BlackRock is doing all this to get a better return for fund clients similar to you and me...

I've held the BlackRock Gold & General fund...

Only a week to wait...and MD&A should be around the same time...

Thats a very good idea Italian...how do you suggest we go about it?