RE: Solg: NICHOLAS MATHERToday 13:36
Pbow
I am not Australian, so I would NOT want to pay for a subscription to read the article. But I have read it via the HC forum.
I dont know about you Pbow given I said I have seen you on this site before but at UKOG plc from recall. You have neither confirmed nor denied my recall is correct or not. Now then, since I have seen you before , it means that my interest was in the same stock as yourself - British listed. junior oily in Gatwick, UK. Nicholas Mather is an Australian so that much proves that you got it way off the mark LoL.
Coming back to my figures, they are TOP line which means accounting wise, that was the portion paid out from Jiangxi to DGR for their %. So, that is correct for history. OFFICIAL FIGURES.
Since you also did NOT deny you are in PR, it was most interesting given AI informed me that many posting are from PR? I am unclear as to why though?
Whatever the AFR wrote on the subject matter, that is on AUSTRALIAN SOIL, not British. It has nothing to do with Solgold , now delisted.
IF, you have invested in DGR and you want the WHOLE CASH PAYOUT, then you will need to see how under Australian ASX rules LoL.
I dont know about you Pbow because if you are really in PR, you would know about laws pertaining to publishing and posting. This is general chat rules on this site and even on HC isnt it? Before posting, the rules are set out and for that reason, it say akin to : you agree to the rules?
As for whether Solgold was paid as much as folks wanted, let us look at NPV of Solgold at $3.2 bn [calculated at 8% discount]. So, the takeout by Jiangxi was $1.2bn [$ parity]. So, roughly 1/3 of NPV. Let us benchmark that with Ganfeng having take over Bacanora Lithium in the UK - last cals was 16% of NPV.
Masterinvetors did write up about Solgold and the potential takeover price in NPV and from recall he said , as a mining analyst, that the capex for Alpala is huge ie into the billions , so the takeover price will have to reflect that. This is from recall. But one broker was correct about the takeover price or close enough and this was the figure I took.
You see Pbow, I went to a school that taught to THANK if one has been blessed and to also give CREDIT where CREDIT is due. On these forums, many used to talk about TAKEOVERS almost daily sometimes but in recent years, that has stopped. Why? Because the takeovers never came. This is due to the MAJORS like JIANGXI AND HAUYOU do not take over small Tier 2 deposits but rather the Tier 1's and in particular district scale.
Let us also put this into context: How many tiddlers does one see get taken over by a CHINESE MAJOR? Answer: Few. So, if you intend to continue to invest, consider that point.
Lastly, in Australia: THERE ARE ONLY A HANDFUL OF IRON ORE MAGNATES who have managed to attract Chinese and Asian capital and today, they are Australia's mining legends like Gina Rinehart, Twiggy & Clive Palmer. To this day, no one has matched Gina's legendary