RE: Sp8 Apr 2021 11:37
Hi Beast...
It is possible that BHP made a bid before they were issued with stock at 45p in the past.
There cannot have been any bid approaches because the company would have to announce them, but...
Last October Solgold themselves tweeted an article from Mining Monthly saying "Solgold is the biggest bid story in the City right now..."
And...Liberum in their latest review following the Regional update on 29 March suggested that a bid was likely by mid year...
Most of us on here would like to see Solgold survive and thrive, to become a major miner, but the mishandling of news at the back end of last year and the yet again delayed PFS, have left them vulnerable to a bid, which several of us believe would lead to an auction, with a final takeout price between £1/2...
Hannam have a target price of 105p POST the PFS disappointment on Feb 5 which saw a massively overdone fall in the SP
My own view is that they should pragmatically accept a J/V or even two, especially for Alpala, because that would then release them and the funds to be able to develop what I call the 'string of pearls', i.e. the other r75 projects.
Apart from today's excellent RNS, the other thing to get excited about is that they have invited J/V bids for their 20 or so 'smaller' properties...just one announcement on those would light a fire under the SP IMHO...
Good luck and enjoy the ride