RE: Why is Vujcic operating under Solgold UK Services limited and not plc ?23 Oct 2025 07:37
My point Derrick is that people on here don't understand how to takeover a company cheaply, which is what the major's wanted.
And the way the book is split up, makes it almost impossible.
This is why BHP tried to get a controlling share and Nick Mather firmly rejected them for early stage funding.
Nick kept the book diverse, meaning that anyone wanting to take control of Solgold had to come up with some serious money.
Something noone was prepared to do.
I have never denied we would be taken over.
I have stated countless times that it's extremely unlikely, because mainly of the diverse book.
The situation hasn't changed, except we have a much stronger diverse book and a good proportion of the funding to go to production.
I think the majors will all hang onto their stakes and take a percentage of the profits, after all they can do this without paying any more and certainly not overpaying.