The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
RK,
Thanks for your post at 10:50. If streaming agreements would not be signed until soon after DFS does that mean BHP/NCM have until then to bid if they wish to prevent it that way? Iām trying to understand the likely catalysts.
Rcgl,
BHP, NCM and CGP would carry more votes than necessary to block any resolution requiring over 75% to be carried. The BOD would have known that and chose to pull resolutions rather than have them voted down. Thatās very different to those three shareholders exerting control over other BOD decisions such as choosing whether or not to take up the option on a second tranche of funding from FNV.
Zeros,
Your 21:00 post - whilst possible the simpler explanation (and already alluded to by JW) is that it makes good commercial sense to optimise the infrastructure design for the whole of Alpala.
No doubt the timing of the work coming after the bid for CGP isnāt an accident though.
Itās a natural consequence of making the attractions of the offer greater to CGP shareholders that it might then appear less attractive to Solgold shareholders. But donāt forget Solgold would be a bigger company (100% of ENSA being the key part) and CGP already has around 6% of Solgold.
Stick for me.
I doubt the regionals are likely to get an acceptable valuation on a sum of parts until much more exploration is completed. Alpala alone would need serious uplift in any offer price compared with likely NPV once PFS is out. I canāt see it happening but Iād be happy to be proven wrong.
Top right of registration page says Ecuador is 5 hours behind BST. But link at bottom of page shows 6 hours. Iāve checked with an online clock and it does appear to be a 6 hour difference. So, 4:30pm UK time (BST).
Iceberg,
Solgold also had a shareholding in CGP. See pages 111 and 112 of the last annual report. Presumably it still has them. Perhaps CGP have been adjusting for that as well? Unlikely, I admit. I canāt find the number of shares but I think I may have it in an old presentation somewhere.