Member Info for mattlilly

Give it a rest BBG...your paranoia is so tedious...

And you have damaged relations with the company for the rest of us with your baseless accusations...

Way to go mate!

Why does GGP have a higher MCap than SOLG when it has just suffered massive dilution to pay $475 million for Havieron and Telfer when neither is anywhere near the scale of Cascabel...?

Utterly bonkers...

(Unless this is being suppressed by a bidder(s)....

That's a long wait Monte...

You must be very patient...

Did you ever take any profits...e.g. when you had a 30 bagger...?

Well...that RNS went down like a silent f*rt in a phone box...

When Wyloo made their original bid for Noront of 31.5c they held 23% of the shares

When Wyloo made their original bid for Noront of 31.5c they held of the shares

When BHP made their 55c bid they only held 3.7% of the shares

The SP had been 17c only 5 months earlier...

Wyloo then bid 70c which BHP topped at 75c...

Wyloo delivered a knockout bid of 110c/share...

If that happened here SOLG could 'exit' at 65p but...

There were only 2 parties interested in Wyloo...

There could be up to 10 parties...or more...here...

And I don't believe who holds what will make a ha'porth of difference...even if BHP and Newmont acted in concert...

£1.20 or more by a bidder even with no shares, or Jiangxi backed by the deep pockets of the Chinese State could see anyone off...

Tick tock...

Can beat that Novice...48 out of 59...and most of the rest were a total irrelevance...

Looks like the Celtic supporters are back...

And then there's silver...moving towards a 11 year high...watching GDX on the open...

For those who are geninely interested in Solgold, this is a compulsive listen...

.

Apart from the core message about gold there are several other references that are directly relevant to SOLG e.g.

Copper/gold

Permitting

Junior M&A

Assumed gold prices

etc

https://www.youtube.com/watch?v=UEuTKUFtE7s

Holding long and strong here...bought BRC on Weds...huge holding in GPM...ADT1 a good play...

$3000 here we come...

And Copper and Silver have broken out of a downtrend...the latter is approaching a 11 year high....

Keep watching GDX and GDXJ for the Junior Miner boom and M&A activity...

GDXJ is close to a 3 year high and GDX to an 11 year high...

And it'll be interesting to see whether COPX breaks towards a 13 year high over the next week or so...

Hi Monte

I think 'turnkey' is irrelevant to the final price because prospective bidders will start with what they think Cascabel/Solgold is worth, decide what they think they can get it for and decide their BATWA price...

But its amazing what even serious players will end up paying.

You only have to look at the Noront saga...17 2 months before the first bid...BHP went to 75c but Wyloo blew them out with 105c...many people would say they overpaid...

But have you ever been in an auction room determined not to pay more than X for an item you wnated and been sucked into paying more than that to get it?

I remember reading a Price Waterhouse article years ago about why the vast majority of bidders ended up overpaying for a target...apart fromn getting sucked into the bidding war, there's also the matter of having made a commitment to the Board that they would win and believe it or not even macho comes into it sometimes...but that's men for you...

Anyhow, I've come to the conclusion that most prosepctive bidders would ideally only be interested in the Cascabel bundle and would rather not have to sort out the rag tag and bobtail of 89 other concessions.

And in some ways that could be an ideal scenario for us....

A prospective sale of Cascabel at anywhere near the 80p equivalent would jack the SP up to at least that level. If it went through there would be a special dividend to shareholders and the balance of cash could be used to develop the regional portfolio...

Personally I would be selling half on the sale announcement and the other half after the dividend was paid as all our 3.1 million shares are in ISAs...

(And BTW there would be only modest tax consequences for SOLG because we have massive accumulated tax losses.

However, I believe any mooted or rumoured Cascabel sale would trigger a bidding war for the whole ball of wax because although there would be a lot of tidying up to do, its much quicker and easier to buy the whole company than go through the tedium of a sale process, all the while being at risk that another party will make a bid anyhow.

Successful candidates...as all along I would love it to be Bristow/Barrick but because the Chinese State would see this as a strategic project viz Ecuador influence and a strengthened hold on global copper supply...AND they have bottomless pockets...AND to all intents and purposes they own Jiangxi, I believe they are the most likely ultimate buyer...

Agreed

Frankly I have no idea, especially as Cascabel is so massively undervalued on any metric in the SP.

There have been bid rumours, e.g. "Solgold is the hottest topic in town" Oct 2020

IMO there is a giant game of chicken being played because this is a genuine prospective Tier 1 copper/gold porphry and they are the centre of attention now, especially as Gold is above 2600 and keeps setting new ATHs (and copper recovering)

As I said to BBG it wouldn't surprise me if some predators had been sniffing and been told firmly "if you're not at least 80p you're not in the ball game..."

Lets see...next resistance c12p...

Hi Monte. Why?

As Scott has made clear, SOLG has enough permitting in place to put a spade in the ground for the first decline...

Permitting will NOT hold this up because Noboa wants SOLG to move even faster than our own stated timetable.

And do you honestly think a buyer with clout would have any difficulty getting permits.

Scott is definitely building a turnkey project and has given clear hints that the $900 million is available, but its a tease because the likes of Jiangxi, BHP, Newmont, Barrick etc could fund the build out of cashflow AND repay the $750 million...

999,999 Buy...10.80 being paid...tick tock...

Correction BBG...999,999...

Now THATS a huge commitment!

Somebody know something?

There may still be 9.45% shorts but Blackrock holding at 9%...

Obviously the FTSE250 deletion didnt help...

Solid demand last night...mid price 10.92

Bid 19 in 282,500

Ask 20 in 82,500

5 solid Buys went through late at 11.2...

Onwards and upwards...

PS What happened