RE: BHP M&A27 Jul 2021 17:47
Derogatory, maybe, realistic? probably.. 45 - 50p may sound low, but any talk of £1.32 is just nonsense. There are now, i dont know exactly, circa 20% more shares out there than before BHP got involved. 50p would be enough for a lot of investors. i dont think BHP have anyone to bid against on Alpala or even Solgold as a whole. Newcrest are just not in the equation.
why aren't they investing in Solg? my guess is the Crux report exposed many of the technical aspects they were already aware of, so they prefer to just drip feed financial support when Solg need it, as the sums involved are not even loose change to them.... lets hope the revised PFS whenever it arrives paints a far more optimistic picture of the finances, or we wont see 50p