Member Info for mattlilly

Bozi…if you’re planning to vote yes, why aren’t you selling all your shares now above 28p…?

Makes no sense to consciously take a lower price and have to wait weeks for the cash…

I can’t believe nobody gets the massive significance of what I posted…

ALL the LOAs would lapse (BHP, Newcrest, Maxit, Mather, etc etc) if SO else bids 29.5 or more…!

I’ve now read all the documents and this is key:

ALL the Irrevocable Undertakings will lapse if any Offeror (including JCC) makes an offer at least 5% higher than the current offer, I.e. 29.5p or more…

This thing is not done yet…

I’ve now read all the documents and this is key:

ALL the Irrevocable Undertakings will lapse if any Offeror (including JCC) makes an offer at least 5% higher than the current offer, I.e. 29.5p or more…

This thing is not done yet…

You need to read this…it’s the Boards get out clause…

See my post below

I’ve now read all the documents and this is key:

ALL the Irrevocable Undertakings will lapse if any Offeror (including JCC) makes an offer at least 5% higher than the current offer, I.e. 29.5p or more…

This thing is not done yet…

It was a straight question mate. Selling while the price was above 28p seems logical if you’re determined this is it.

And no I don’t think this is a done deal and I have until 2 March to sell…if the Scheme passes the high bar of support…

So Bozi…does that mean you’ll be selling all your shares today?

The Ciurt and General Meeting dates will be announced with the Scheme of Arrangement

Totally agree..holding 80,000 at 25p…

JCC cannot pay over 28p without having to up their bid to the highest price paid…

Don’t kid yourselves…JCC is the PRC…

Well done addickt…you and DBH have been the best and most consistent posters on here…

Apart from Quady who has been consistently and stubbornly wrong…

Meanwhile 28.475 paid and Samson Rock, Qbe and Global X steadily building their positions says there’s more to come…

I wish you well add and may meet you elsewhere…maybe BRES….?

The guys telling the truth IP...

09-Jan-26 11:04:28 27.844 143,309 Buy*

Ah well PBow your gain will be a minimum £200 plus if you hold till the end but like you we expect to make a big gain

Hi ned...got it slightly wrong but...

JPM own 5.05% shares and have bought equity swaps to the value of over 0.09% of SOLG shares.

That means that a holder of 2,838,580 has agreed to swap the voting rights and any potential capital gains in exchange for JPM paying a rate of interest on the principal amount.

In effect the counterparty has potentially 'presold' their shares at a given price if or when a takeover is successful without having to sell them in the market.

But it also means that JPM have a 155 million share bet on a counterbid and they can also vote those rights. (Current bet value £43 million...

Meanwhile Qbe has been decreasing its long position in SOLG equity swaps by 2 million plus but it still has a 69 million share 'bet' on a counterbid and...

SocGen has interestingly placed a two way bet by buying 10.17 million shares and simultaneously opening a short in the exact same number and price so it is now long of 32.5 million and short of 28.1 million, giving it a matched long position of 4.1 million shares and a pretty large two way bet...

So overall it looks like quite a lot of money is riding on a counterbid, making it increasingly harder for JCC to get 75% in the General Meeting...

Surely a counterbid in the next week...?

Owns over 5% through equity swaps....

Others of those that have declared purchases recently also hold through derivatives...

Theoretically that means the total of all holdings is more than 100% and when JPM etc want delivery the price could fly...

Although their long equity swaps also have long expiry dates...that also suggests to me that either they think SOLG will remain independent (unlikely) or they are mega bullish on a counterbidder...

This could be shaping up to be a mega year for those who have held on...

How will Trump intervene…? He has met Noboa…he knows there’s a big drug problem in Ecuador but how will he effect this statement?

“ Any rival or potential threat, especially China, has to stay out of Latin America. It's not clear where that leaves the massive investments that China has already made in the region”

D Trump yesterday…

JCC's latest 8.3 shows that they bought stock at 28.1p...

Surely that means they have to increase their bid to at least 28.1 ("highest price paid" after the formal bid)

Meanwhile Qube also paid over 28p

Here's the key thing Mr O...

Apart from Samson Rock, Global X and L&G buying, there were several trades today over 28p...

so...given that there is a minimal potential arbitrage at 27.7/27.75, the three above are buying for a higher bid and...

Anyone paying above 28p is also expecting a higher bid unless they are closing a short...happy days!