Member Info for Stackhigh

Before shares are sold, you own a number of shares out of the 3.15bn in circulation. Ownership of all assets of the company are divided by this total. Then, owing to a sale of shares by the company, you own a number of shares out of 3.3bn in circulation. Yes, your company has some funding. But how was it achieved? By dilution.

At the time Scott said there would be no dilution, there were only 3.15bn shares in circulation because c. 150mn were owned by shareholders.

I'm not sure it's me who doesn't get this, add. If you think selling shares that were owned by the company is non-dilutive then I have a bridge you might be interested in

Compared to when Scott said fundraising will be non-dilutive, will you own more, less or the same amount of solg's assets if these sell? Clue- it's not the same amount, and it's not more...

During the merger solg became the owner of these shares. It was whilst owning these shares, collectively, as shareholders of the company, that Scott said fundraising would be non-dilutive. Why wouldn't we think he meant 'non-dilutive from our current position (owning those shares)?

I knew you chumps would claim these shares could be sold and, because they are counted in the 3.3bn, that sale wouldn't be dilutive. But I also know that if your company sells something and as a result you own less as a percentage, that's dilutive.

Issuing these shares would be dilutive compared to the percentage of the company share holders owned when SC made his statement about non-dilutive. So it can't be that they are going to sell/place any of them- we were promised non-dilutive, right? 👍

7 months won't move the needle here, so looks like add will be forced to eat some humble pie (spoiler- he won't, it isn't in his character to admit he's wrong, he just claims 'no one can know' 🤣)

I won't hold my breath in anticipation of the rampy loons quitting this board. They haven't done in the last 5+ years they have been wrong- no reason to suspect this current false dawn will be any more of a wake up.

Someone said recently that Donald Trump is what a poor person thinks a rich person is. And Andrew Tate is a 14 year old boys vision of being a man.

It would seem slug shares a lot of views with a lost teenager. Maybe he didn't have a strong male role model growing up, or maybe he's been hurt in life to make him this way. One could almost manage sympathy if he wasn't such an insufferable bore.

Slug really didn't need to clarify that he lives alone 🤣

"Next week could truly be the mother of all weeks with regards to news"

Tell us when you posted this, novice, then reflect on who understands this company better.

I do know that you can't have a sale without a buyer. And we currently don't have a buyer. And there have been no signs that there's going to be one. Deliberately vague nonsense about the data room just before AGM votes are due has never been the same as being in a buyers cross hairs.

Nick will know from his time at the helm than no amount of wishful thinking secures a deal. He can push Scott all he likes- Scott isn't in charge of when Solg sells. There's a common misconception on this board that we can 'work in the background' and 'get this thing done', when the reality is we can only work to explore, drill and derisk assets, whilst building relationships with locals. We can also give away the promise of a share of the resource for enough money to keep the company viable. Everything else is not ours to control. Scott can no more "get it sold" than he can magic the metal out of the ground.

Couple of years to run here, at least, and if Nick goes bankrupt in the meantime it will only cost investors who didn't do enough research. Sad, but true.

Another day, another priceless bit of add. Is it ever a burden being so astute, add?

Predictably, add knows what I mean better than I do 🤣🤣

Any self awareness incoming, add, or are you sticking with that? Hehe

You're a funny old stick but you do make me smile. Or do you? Can you tell me? You know my intentions better. Right? 🤣

So I knew the GDP, I knew the cost, and I pointed out that slug was talking nonsense, but somehow your misreading of my post has caused you to get mardy with me? Unbelievable, add... Except it's your entire MO, so it's completely believable.

Still waiting for the post where I said it was insignificant? Have you found it? Or did you lie? Chump.

Thanks add- could you just pop a quote on here where I said it was insignificant?

'just a fraction' means it is not multiple of GDP. It's less than an 11th. That's just a fraction.

Any questions? No? Great. Feel free to keep providing your input though my lovely- it's always welcome 🥱

Slug proving he's as clueless about GDP as he is about climate.

Net zero globally could cost $9 trillion A YEAR but that's only a fraction of global gdp. Costs of not acting will increase YonY (so long as they are recognised and not dismissed as weather by simpletons...) so economic case is easier to make.

All this stupidity on his part aside... THIS IS A SOLG BOARD NOT A CLIMATE CHANGE/IMMIGRATION/WATER-POWERED CAR FANTASY BOARD

He clearly lacks friends in the real world so posts and unholy amount of his nonsense here. Poor petal.

Wrong board, slug

No, I saw that SM. Unless I'm mistaken, solg didn't sell, did it?

So as I say (and seem to have to keep reminding the slower posters here) there is nothing in the pipeline besides some nasty fundraise, and a TO is still a very distant dream. I was right 2 years ago, and last year, and this year. Doesn't take a genius to seem I'm right again now, and the loons claiming a sale is imminent were wrong (but just as convinced) last year, and the year before, and the year before.... Happy to post some quotes to prove it. They get very upset though...

Well done, SM- you're beginning to grasp the time frames involved here. No TO in the next couple of years as there's no need. Wait for the SP to drop, wait for solg to get desperate, wait wait wait.

Those claiming something is brewing here now are the same brainless f**ktards who have been claiming the same thing for years- check their posting history. Patience is needed, but some of them are so old they can't wait. They won't be around in a couple of years to prove I'm right, but they will be around in 2 months, still claiming things are just around the corner 🤦‍♂️

Slug mistaking us for people who care, yet again

When was the last IPA signed, add? Before or after the president ordered the storming of an embassy in breach of the Geneva convention?

I don't think anyone has been left wondering whether he respects international law. He could claim arbitration will take place anywhere, but will anyone besides solg trust him?

BHP proving they have no interest in solg or similar companies is definitely bad news. Even if this acquisition goes ahead, and (stretch) even if it signals the start of an uptick in m&a, it still doesn't bode well for solg. Shame, we'd all like a nice juicy TO, but it's not happening this year or next. 😕

Traded multiple times since last summer, add. Want to see my spreadsheet? Wasn't going to miss a 6-10p rise, but like I said it wasn't based on anything, and not sustainable, so I got out in the 9s to ensure I wasn't trapped like red, bbg et al. All about being ambitious but not greedy. People buying shares now, before the drop on fundraise news, are mental.

Strange to sit back and leave your money in a company if your accept nothing is going to happen anytime soon.

Bbg, your very long story was exactly what I expected when I posted first thing. The same rampy nonsense that you've been spouting for years about how we might be on the cusp of a deal with a long list of people.

Bhp are busy, and interested in producers. They don't counter a low ball bid because a) there isn't about to be one and b) the amount they stand to lose is chicken feed, but a bit could cost them vital leverage

Newmont are unlikely to be interested in a copper play that's so far off first production. If I'm wrong, they certainly won't be trying to buy us in 2024 or 2025, so again, odd to leave your money in before a fundraise if that's your strategy

Jiangxi could have doubled their holding on the cheap if they wanted to (might still when we go cap-in-hand). It still doesn't mean they fancy a costly takeover when they can see the chance of a cheaper route to Cascabel.

But your efforts to claim BHP being tied up in an unrelated TO as a win are 👍🤣