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Red like I said in previous post if Bhp were buying on the open market and triggered a tr1 this would have the opposite effect of what they wanted.
Why do that when they can wait and pick up shares in the next raise.
Do you not think it would have a positive effect on the sp if they were buying on the open market?
Red, Bhp have bee very quiet and I doubt they would want to seen buying on the open market for fear of driving the sp higher?
Wait for a low sp and further raises and they are in for sure.
If they were offered a 15% for 20p I'm sure they would take it.
Red its clear you know your stuff but surely you must realise when the agm was held last year Bhp, Ncm and cgp aligned to oust Nick.
Mostly everyone else voted for him to stay (55% of the vote I think)
To me this speaks volumes and is the reason I would back the board now and of course Bhp would like to see this chipped away.
Bhp have concerns but it's not for the greater good of solg or small fry like myself is it?
They are majors and they are thinking of their own pockets/future.
As for the Bhp and the current holding they have who is to say we have another Guyana holder who would sell at the drop of a hat when the time suits?
All of a sudden a lot changes and we don't have a leg to stand on.
It feels like things are pretty precarious now and solgers should be ever more concerned about the power shifting.
All in my opinion of course and yes I've never been a ceo or sat on a board etc etc etc
Italian, the situation here now reminds me a lot of the situation at the end of 2015 where we dropped to lows of about 1.3p.
Let's hope the reward in 2022 is similar to 2016.
Do you think back in 2015/6 Guyana/ Bhp knew what was going on and what we had?
Had the feeling then this was being driven down and the funding that was coming held back until sp was at an acceptable price for the big guns.
And quite frankly this type of comment is what I'd expect from you but also shows how far up your own culo you are.
You clearly have never sat on a PLC or major company Board, because thats what the 'Independent Directors' are there to protect against. Elide is a world leader in CG and ESG...
Yes let's reflect Red
Nick promised pfs in 2019 and Crux miraculously appears .
Then Bhp force Nick out.
Then new ceo moves pfs on different direction.
Then new report from minor shareholders stirs things up again.
Then Bhp again try to remove board members for their own gain.
You don't need to have worked in any position
I disagree as I think Bhp are the problem and the solution.
I think you got a good deal Rich.
Of course would of been better 23p, 22p or maybe even 1.5p.
Only Redknight times the trades to perfection us mere mortals have to suffer the shame.
Might auto trade went triggered at close to 22p today which considering my trade history means this should drop another 4p .
Colonel
Is my understanding that solg have committed to $430m which we can include the $200m already spent.
So in the next 2 years we need to spend circa $200m for which we have $80m ish in the bank.
While we don't need cash right now a raise will be due sometime this year and we all hope the sp/raise will be at a higher price don't we.