Member Info for Quady

Good grief we don't have share manipulation, if you think so show the evidence.
Also an automatic trade does not imply it's a bot.

Please everyone read up on the basics of how this stuff works.

Smickster you can always find evidence of manipulation, by looking at buying pattern's, shorting sites or just general trading patterns.
I have been here since 2012 and invested in 2013.
I have never seen any evidence of share manipulation. If you have evidence please post it and I will of course read it with interest.

Quite right rcgl2, as always put much better than me.

Smickster how can we have manipulation.
Are you saying every share in the FTSE 100 and FTSE 250 are manipulated. As they also have nearly all dropped.
We don't even get 0.5 of market capitalisation traded on a daily basis.
It's volume not manipulation.
When we get over 10 million shares traded at least on a daily basis, then if no share rise you may have a point.
But at these levels no way.

No ColonelDrake it wasn't black rock it was really poor volume. At some point black rock will be above 5% again. So will you still say black rock have been manipulating the share price even if we don't go up.
I suspect so.

It's meaningless it's just normal trades.

Good afternoon Zoros BHP would never buy CGP as it's a fragmented strategy.

Thank you Mathersfinger.
As I said in my post I am unsure of the exact date that the anti dilution deal ends. But believe it to be around about now.

Good morning addicknt.
Maybe you are overthinking this and it may be a lot simpler.
BHP and NCM anti dilution rights end on the 27th October 2022 (I believe).
This event will happen after that date, so if BHP and NCM want to maintain their percentage of the market capitalisation of the company. Then I believe they must do this in the open market.
Maybe the recent decline in Solgolds share price is because an order is being filled for one or both.
This would explain why we have had a lot of activity off book.
Could it be this that BHP and NCM were unhappy about.

So why I have always said we will not get an offer until the diverse book changes, we now have a change.

I am however struggling to understand which way this has changed.
On one hand BHP and NCM have been diluted, and if they have been filling orders how successful have they been.
If they haven't been filling orders they remain diluted, and if they want to restore the status quo, then they can on the open market. (Good luck with that one)

So I do feel that a sale of ENSA is now a possibility, although still hard to achieve.

I however on the other hand recognise that the book is even more diverse as although the CGP buyout gives their shareholders just under 20% of the company, that this is not one shareholder and as such these shares cannot be acquired en block.

So no doubt many CGP shareholders will sell their Solgold shares when this goes through and again positions may be filled.

So I believe even more unlikely for a bid for Solgold as a whole, because the diverse book has become more diverse and makes a hostile bid all but impossible, and we still don't get a friendly bid because no one will offer the price required and they don't want the other unexplored tenements including Porvenir.

Now we come to the share capital that Solgold acquires in this deal.
We acquire a sizeable holding of Solgold shares in treasury.
These can be used for their voting rights and increase the BOD influence, or can be used to raise funds or cancelled.

I don't believe they will be cancelled as that would make the book less diverse, and I don't believe they will be used to raise funds at this stage as the chunk is sizeable.
So the most likely outcome in my mind is voting rights at this stage and maybe sold on the open market or en block when the price is higher.

So what happens now.
Well we wait and see do we get the updated PFS for Alpala and the PEA for Porvenir on time.
Does this move the share price and enable us to raise funds with treasury and no further dilution.
If this gets us to DFS, then the game changes again, because suddenly minimal dilution is a reality and we have a many options.

Interesting times.

I understand what you are saying ColonelDrake, but your maths is wrong as it's under 20% and taking into account the Solgold shares that CGP had that are now in treasury as they don't exceed ten percent of the market capitalisation.

So according to Jezzoo BHP are going to buy Solgolds I.T department.

Says it all really. ????????

Oh dear Jezzoo you must be the only person on here that doesn't get it.
Buy what.

Alpala
Cascabel
CGP holding
Solgold
Box of doughnuts.

Pick any of the above, or Indeed something else.

What are BHP going to buy.

Yes still laughing as it's clear you don't know.

Again Jezzoo you are making me laugh.
You say BHP may buy it. But what are you referring to.
A box of doughnuts, or something else.

Wrong Jezzoo just went out for lunch with friends.
So share your wisdom.
When you said BHP will buy it, you neglected to say what they were going to buy.

Was it a box of doughnuts or something else, please enlighten us.

Yes ColonelDrake but current CGP holders get just under 20% of the value of the 6.7% returned to them in the Solgold shares they hold.

I am interested in how this affects the Franco Nevada offtake agreement. Surely it must have an effect.

That's not the calculation Citywatcher as it's issued shares we are not selling on the open market.

So calculation is

Market capitalisation of CGP divided by the price of one share gives you the number of shares and just multiply it by 15

So the price for Solgold will be adjusted when new issue issued.
I make it roughly 554 million new shares.

Hellodolly I am not shutting down other views listen to anyone apart from Jezzoo. I posted my take on it as he requested, he now says he will post his.
And explain his comment that BHP will buy it.

So really interested to see what he thinks BHP are going to buy.

Okay Jezzoo no need to answer what BHP are going to buy.
Everyone on here can see you don't know what you are talking about.
Read the RNS very slowly. Think about what you just said.

I will laughing for some considerable time today.

ColonelDrake dilution was never on the cards.
Good grief.
I know some of the uninformed never understood that, but really.

Hahahaha okay Jezzoo here's my take, this is really funny.
This means we get a full offer or we go to production.
Our position is rock solid for financing and we are running the show.

Now answer the question.
You said BHP would buy it.
What are they going to buy.

This should be fun.