RE: PFS delay after delay - What's the real reason?27 Sep 2020 09:15
Agreed Addicknt, we should see the PFS by Tuesday, I predict tomorrow. The reason why I believe this, is that NM in recent presentations, has always said that he will deliver, by end of 3rd quarter on all occasions. If there was going to be any delay, he had the chance to say so.
RE: PFS delay after delay - What's the real reason?26 Sep 2020 22:43
Earthling, I suspect you are wanting a buyout, because you are about to become a desperate seller yourself. You are sounding more desperate by the day. Your behaviour is not that of an experienced investor, otherwise you wouldn't be so rude, to those with thought out ideas. To say calculations are not required, says everything.
RE: PFS delay after delay - What's the real reason?26 Sep 2020 22:33
Hi Disruptor, agreed, but if we do get taken out, it won't be cheap. I just don't see any evidence of anyone bidding for Solgold, with the current distribution of shares. BHP, if it wants a larger holding, will cooperate with NM, rather than launch a hostile bid. I think we will have some surprises in the new year. We will have an understanding of where the 2.7 billion for financing is coming from. We would have had the PFS, and proceeding towards the DFS. We will have the plans to build the mine. By the end of next year, we will see a team being put in place to construct, with an engineering team in situ.
RE: PFS delay after delay - What's the real reason?26 Sep 2020 21:41
Earthling, you have been shouting takeover for years, and now you think a concert party, involving groups of investors, who are in competition with each other, are going to sell out cheap. You have been wrong for years. Your track record is really not good. You don't show calculations for your assertions, because you don't know how to, and you are clueless on how to value a company like Solgold at different stages. Goodnight Earthling.
RE: PFS delay after delay - What's the real reason?26 Sep 2020 21:01
Earthling, I just watched the Cornerstone interview you posted, it completely makes my point. CGP, will not act in concert with BHP, they want to be brought out. On the figures he mentions, BHP or anyone else won't pay it. Please show your calculations on the 3 figures given in the interview.
RE: PFS delay after delay - What's the real reason?26 Sep 2020 20:03
Earthling, where is your evidence that BHP,NCM,CGP and PI's are going to act in concert. That is the maddest post on any chatroom, I have ever seen. I know your name is Earthling, but I am beginning to question, if you were born on this planet.
Please supply your evidence, for this mad assertion.
RE: PFS delay after delay - What's the real reason?26 Sep 2020 19:39
Oh dear Earthling, not only don't you understand how to value a company, or why this is hard to takeover, you don't seem to understand addition and subtraction. If BHP bids, they need NCM and CGP's share, what makes you think they will sell cheap. As for Blackrock, you can bet they are backing NM all the way. What you fail to understand Earthling, is that this can be defended. Ask yourself, what happens after NM secures the 2.7 billion dollars for the build.
RE: PFS delay after delay - What's the real reason?26 Sep 2020 15:39
Then ssmith_trader, I am dreaming. No one can get this for under a pound for one simple reason. The main stakeholders, will not sell their shares on the cheap. This is about understanding how to value a company, not what the share price currently is. Yes I would like it to be higher at this stage, but it's really unimportant.
It doesn't work like that DartFrog. It's 15% of ENSA and 7.6% of Solgold. Therefore as we own 85% of ENSA then the calculation is 0.85 times 7.6= 6.46% plus their 15%= 21.46% Then solg own 85%, so the equation is 92.4% times 0.85 = 78.54% The reason it's 92.4 %for Solgold, is that is 100% minus the 7.6% that CGP own.
So 78.54% plus 21.46% = 100% So they are telling the truth.
RE: PFS delay after delay - What's the real reason?26 Sep 2020 14:17
Schlemiel, this is inaccurate, as the dates you quote, were when Alpala, was much smaller, as we started to expand Alpala, the PFS was bound to be delayed, as for May 2019, we didn't know the extent of outcropping. There is no need to delay the PFS, we don't have long to wait. I believe it will be here by next Tuesday, even though we are still drilling at Alpala.
Who remembers a wine called country manor wine it's still sold and classified as a perry, because of it's alcohol content, under 7 percent. You can but it in 3 liter boxes for £5.75 from Tesco. This is anything, but a recommendation.
Miagi I agree with you for this reason. Anyone can bid for CGP, apart from BHP. So if anyone thought they could buy CGP, with the view to bidding for Alpala or Solgold, they would have done long ago. As I have said many times, we can be defended in so many ways.