RE: Argonaut Top-1013 Nov 2023 16:17
Fort, do you remember the below? It hasn't aged well, has it? Happy to admit you were wrong and I was right? People here are tired of your brainless, near constant guessing, with an obvious ramping bent. Give it up, please- you've been wrong for years, under this name and other previous ones. You have zero credibility.
Stackhigh, I'm afraid you are peddling the same narrative as many others have done on here and the negative slant or 'there is no takeover' etc etc is par for the course. There will always be naysayers and there will always be bullish supporters. There's nothing wrong with balance on these BB's and you're welcome to take a longer term view but that doesn't make it correct or any more valid than bullish commentary. You have no evidence to support the fact that a takeover will not be coming before Dec 2023. None. But there is evidence out there right now and over the last year that super majors are on the hunt for acquisitions. RIO bought Turquoise hill back after floating it (derisked). BHP after Oz Minerals. Noront and Wyloo. Tesla in discussions with Glencore over a 20% stake. The list goes on. All the stars are aligned for SOLG right now and ripe for a takeover. Ironically, if the sp was in the 45p+ levels then it might not be such a great takeover target. But at 17p, it's a terrific opportunity for some buyers out there to make a low ball and work up from there. Norges, Blackrock and quite a few others were buying in large chunks at levels near 35p recently. Nothing has changed since then apart from the fact that we are now funded, have 100% ENSA and CGP on board which secures AGM issues in favour of the business. SOLG are in better shape now than they were back in the 35p days. In fact, with PFS2 and Porvenir Pea plus Strategic review news due all within the next 7 weeks or so, what's not to like???
The one thing you seem to be missing is that a takeover is within SOLG's control. They can trigger the 'game' when they like. All Mather and CGP have to do is have an entity /consortium like Maxit, Gina, Wyloo, Sunstone etc etc pitch an offer at 50p+ and then watch what unfolds. It's easy to trigger the sale... but the time has to be right and we are nearing that time but still have a few loose ends like the AGM resolutions to sort out and the merger of course.
It's coming alright and don't worry about apologising or holding up your hand etc as your alias will be long gone by then.