Member Info for Quady

Donald Trump is only interested in enriching himself.

He has been a disaster for the American people.

He is powerless against Chinese influence because he has refused to back Ukraine, making Taiwan a target.

Bonkers man you are truly bonkers.

Trump has no interest in Solgold.

And every intervention Trump has made in world markets has made the American people poorer.

Ford is really in trouble.

It can't get materials at the price they want.

They can't get labour at the price they want.

We need a proper announcement from Solgold, and we should have one soon.

It's a strange RNS to put out, not as strange as Jezzoo, nothing is that strange.

But why put out an RNS when no official bid has been received.

All the bids recently have been non binding.

Good morning rcgl2.

The company has always stated that BHP and others were not interested.

So no surprise there.

However I would like a question session with Solgold.

This doesn't sound right and I think more will come out in the wash.

I think we require Solgold to make a statement as to why they are saying if a 28 pence bid was tabled it would be acceptable.

It's a strange statement to make.

When we had a 26 pence bid it was firmly kicked into the long grass.

I am suspicious that BHP and others are giving support to a concert group, not selling their shares to Jiangxi.

MathersFinger I don't have level two, but I get trades about 20 minutes behind.

The share price is in retreat at the moment.

As I have explained many times before people on here don't understand how SETS works.

I am afraid you are one of them.

MathersFinger I know you don't understand this, but buys are not flying through.

Look at the type of trade.

If it's an A trade then it's automatic and is simultaneously a buy and a sell.

It's a matched trade.

You're correct sharketmare I always said production was the most likely outcome.

However I suspect that someone is leaning on Solgold.

Maybe it's Franco Nevada, maybe it's a concert party in the background.

Maybe it's the Ecuador government.

We don't know at this stage .

This is a non binding bid, for all we know BHP and others give letters of support for this bid, but may act in concert.

Agreed addicknt, maybe Franco Nevada driving this or threatening to remove support.

Agreed Pbow a profit is a profit.

I have 1.2 million shares at 4.6 pence.

But have already made profit because in the past have sold 600,000 I bought at 4.6 pence, but sold between 30-35 pence.

I feel sorry for the people who were taken in by the likes of Slug, DBW and Redknight who never posted any possible downside or questions.

This is going to take time to wrap up, so not panicking or selling anything yet, as we all know what the downside is now.

Slug you really are an Imbecile.

The diverse book stopped a hostile bid.

You don't understand what you are talking about.

Addicknt and I always said a friendly bid was possible.

I just didn't think the Solgold board would go this low.

I am wondering why the letters of support for this price.

It may be that they are not selling their shares but will use them to support Jiangxi bid, so they build it and BHP take profit.

But this needs clarifying.

MathersFinger know your history on Chinese bids.

This is not over, but be prepared for the long haul.

It depends totally on what Solgold does.

If we continue with construction, then it's not over.

If we stand and do nothing, then slowly people will sell and Jiangxi will eventually take this private.

I would be interested to see what Franco Nevada thinks, as they must have been kept in the loop.

Are they going to be involved or are they going to have their interest bought out.

What are you on about sharketmare.

I constantly said this could happen, read my posting history.

The only way to stop this is to go to construction.

Sadly though I feel it maybe too late.

MathersFinger it's definitely a tree shake.

And you are correct BHP paid 46 pence.

But BHP would never bid for Solgold, their strategy is to buy established mines.

Unfortunately the Chinese are good at this type of bidding process, because they play the long game.

Correct Miketrix, not worth selling, but we could effectively get a frozen price of 28 pence.

I am looking around this morning at cash rich companies that offer large dividends in not only green energy, but also stem cell and pharmaceutical companies, that have a line up of products coming to market.

This could take a year to play out, so like you not selling at the moment.

Good morning Miketrix.

Fortune oil had a market cap of roughly 300 million dollars.

But it operated about 25% of the coal bed methane in China.

It was massively undervalued.

It then had huge amounts of infrastructure for transport within China it was a sure thing.

I invested at 7 pence a share.

Was in it for year's.

Slowly two families who were not acting in concert, bought every new share issue, something Solgold have not allowed.

However eventually they started acting in concert and effectively froze the price at 10 pence, which became a compulsory buy out and took the company private.

If JCC get this it will be delisted.

It's what the Chinese do.

Don't understand why they are recommending 28 pence when no bid is officially tabled.

Very disappointing.

Understand addicknt, but I have seen this happen with Chinese companies.

I am holding as I will let this play out.

Right now everyone is panicking.

Typical response.

I have said that they will come back with an offer under 40 pence.

I understand it's not an offer yet, but I suspect it will become one.

It maybe because DGR needs money that Nick Mather has become the catalyst for this RNS.

Obviously BHP doesn't want us, otherwise they wouldn't have commented.

This is going to end up as another fortune oil.

It's a non binding offer.

Good morning addicknt.

This is why I don't buy Chinese companies.

They are trying it on.

I am surprised by the tentative support from this offer, but it will be rejected.