Member Info for RichyRich1

I wonder if it was Nick Mather and Andrew Mackenzie that bashed out the deal for the 100m share issue to BHP?

Thanks Smickster. Wowsers!! So if BHP can turn a profit of around £6B for their next year (there was a massive one off payment they had to pay last year) and give it all to SolGold please we’d all be laughing as would BHP with potentially £90B worth or resource in the ground for Cascabel only! £6B Cheap as chips for BHP!

Ah Google! BHP reported a net profit of US$3.71 billion for the year through June, down from US$5.89 billion in the 12 months prior. What is really like to know is how much cash they actually have to hand?

Probably being lazy and can try find out for myself but just wondering if anybody knows how much cash in the bank BHP have? Anyone know?

Looking more and more likely that if BHP eventually buy SolGold outright it will be around 2020 with the 2 year agreement in place which funnily enough coincides with the bankable feasibility study. Do all the donkey work, get everything proved up with feasibility then hand it on a plate to BHP with an asking price of £2.50 per share please! A lot can happen in 2 years and I can’t wait until they’ve stuck a few drills in the epithermal targets which could be as early as Q1 next year once they have permits in place.

Another 1m trade today, buy or sell or impossible to tell!?

Sorry why would anyone sell less than 45p after today’s news!? Each to their own but really don’t understand why?

Oops sorry my maths is terrible should be around 42.75p with 5% dilution from 45p?

So about 5% new shares issued, diluted by 5% at 45p gives us around 40.5p bang on more or less where the sp is currently. Bring on the good drilling news and let’s see where it takes us!?

Apologies but can’t remember who mentioned yesterday that Blackrock were increasing their holding? I’d imagine the free float is going to be getting less and less every day!

Ideally we need a third party to throw their hat in the ring and then let the bun fight begin.

BHP agrees to a standstill in respect of SolGold under certain circumstances for a period of two years and, subject to certain exceptions, cannot acquire further shares in SolGold above a threshold of 246,634,271 shares, without SolGold consent. Subject to certain exceptions? Wonder what they are? Maybe BHP buying Cornerstone? Would give them another 10% of SolGold and another 15% of Ensa!

Wow! So opening price tomorrow!? Considering last time BHP bought at 25p look where that took us up to 39p before retreating slightly so closing SP tomorrow 50p?

Ok apologies if I’m being a numptie here but with options that are soon to expire the companies, shareholders, employees, contractors etc that have the options at 14p and 28p they don’t necessarily need to sell shares to exercise the options? So for example if Maxit were to take up their options at the set price of 14p and 28p they could in theory keep their original holding and just buy the options at the set price? A large institution such as Maxit could afford to do this but smaller shareholders I’d imagine would be struggling to come up with the cash to buy the options at the strike price? Is the market just taking us down to the option strike price? Surely it’s not going all the way to 14p!!! Excuse my ignorance, not a deramp but a genuine question!

It’s funny the more positive coverage SolGold gets the worse the sp performance!!

Unless we’re all getting confused and the original 17k of drilling has already been completed as per some posters calculations on here and there’s now an additional 16k drilling to be done? That would make sense, roughly 6 weeks of drilling so mid November then another 3 weeks for assays, bingo second week of December for MRE!? Really hope it’s before the festive break for releasing the MRE2 for maximum impact!

Assays down to 3 week turnaround but with 12 man portable rigs churning out an average of 12k a month will take almost 3 months for drilling alone. Add in the 3 weeks for final assays then that’s 1 week shy of 4 months!?

Hopefully the extra drilling is a positive my only concern now is 32k of drilling and then assays from October will take at least 4 months which is end of January 2019 before MRE2 which doesn’t make sense if NM is saying it will be released in December! Something doesn’t add up!?

It would be very disappointing if there was a fund raise and it was in the 20’s! Considering the amount of interest currently in SolGold and the amount of major miners interested why do a placing at a discount!? If Cascabel is potentially (potentially!) one of the top 5 undeveloped mines in the world and everyone and their dog wants a piece of it why not do a placing at a premium rather than at a discount!? BHP paid a premium to buy Guyana’s shareholding so I’m sure there’ll be companies out there willing to do the same! The manipulation stinks!!!

Good update today. Surely they won’t do an equity raise until after the MRE update has been announced!!?