Member Info for zoros

It's a working holiday Jerry...........................................................to China.
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Kevin - correct. Dilution is a weapon of last resort. Solg have 2 bill shares and their CEO works overtime to minimise dilution even to the point where he has struck deals for future streaming debt funding and royalties on the end product and in perpituitary (try spelling that over your cornflakes!).
Dilution is not good for the investor but it is a necessary evil in the event funding is scarce
[Which is what must have happened here many moons ago?].
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Schlem welcome back.
Stay calm now and remember - this stock has an awful habit of see-sawing - often ;)
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JoeBass - hear hear - once bitten twice shy. Quindell and SXX two of dozens and dozens of companies where the BoD have abandoned their shareholders.
NEVER EVER trust any BoD. Like them - yes, worship them if you have to (as some seem to on here) but always remember - the passenger (shareholder) is the last person on their mind if the ship gets into difficulty.......
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Quady - electrification is an old solution to an old problem. Electrification in transport has been around for nearly 100yrs (the first cars were electric (before steam)).
The process (electrification) is too clanky - power stations / overhead power cables / pylons / surge barriers / wind farms. Massive infrastructure needed and a lot of it is not green.
What we are seeing here is the lobbying of electrification by major players in the industry (including advisers to the government(s)). There is an elephant in the room, can you guess what it is?........................

Quady - be more precise please, or you'll scare the peeps!

What ACTUALLY is happening is that NEW ICE cars will not be permitted in the UK. BIG difference eh?
Existing cars will trundle on for a decade plus. Also the ICE problem won't be leaving us soon because there is currently no cure for lorries, planes, boats and ships becoming EV's.
Many moons shall pass before we pine for the smell of petrol fumes in the morning!
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"...Dilution is something I do not associate with GGP. .."

Gotta be the post of the week.
What with just shy of 4,000,000,000 shares out there.
Nice one V.
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Spades - can't find any ref to the figure "75,000"
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A decline is essentially a system of ramps and crosscuts (horizontal drives) that connects the access points (points which must be accessed for drilling and blasting operations) and draw points (from which the ore is drawn) to the surface portal or to a breakout from existing mine infrastructure.
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Spades - check your link??
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C'mon stop avoiding me, I know you monitor this BB a lot!
Make that bet with me?
I give you £5000 into your bank account if Solg reaches 55p by friday (20/11/20) as you are so adamant it will reach this figure.
If it doesn't you send me let's say: £100. There, how's that for fairness eh?
C'mon Novicehunter, you know it's a win win....................................for one of us!
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Tomorrow, is my guess.
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TomE - I was thinking of you and a couple of others who have declared their vast holdings in GGP! Well done for taking the punt!
This is a very serious issue for those who will end up with millions of GGP GBP's to store safely!

In my experience, one needs to engage a reliable and experienced wealth manager at the earliest stages. They pay for themselves over and over again (along with a good accountant too!).
Don't be put off by their charges - think long term (and I mean decades) because your money will stretch to this if due dilligence is applied now.
The world is changing.
Government rules change.
Marriages change!

Remember the 5 'P's'.
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Spotted that.
Anyone with a subscription to the MJ, care to email them and ask about where this came from?
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Welcome to all "newcomers". Please post!
[Only about Solg though!}

Incoming for the remainder of the year:
PFS (Alpala ).
CFP.
Update Porvenir. [assays for <650m. Update for >650m (PDH-20-002)]
Blance/La Hueca/Rio Amarillo update.
AGM - 17th Dec.

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Hydrogen - too logical!
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(Welsh - hope your'e right!).
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BTB - NSandI is definitely worth consideration (if you trust the government of the UK, of course!),
£2m equals £4 for you and your partner. Then £85k/each in each of your bank accounts. Just leaves 10 zillion to stow away now!
Oh - mustn't forget gold bars / coins too - don't want the brittania gang on my back!
Z
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ATG - read my 13:07
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Mather, who owns 4.35% himself, and 9.85% indirectly through DGR, said he was against issuing "a bunch of cheap equity" and paving the way for BHP and Newcrest's to dilute small shareholders, and allowing them to gradually creep towards control of SolGold.

In an action-packed 2020, Mather also launched an unsuccessful bid for Canadian-listed Cornerstone which holds 15% of the Cascabel concession, home to Alpala. Cornerstone retaliated, raising corporate governance issues linked to board members who, historically, have had close ties with Mather; and the payment of options to non-executive directors in breach of the UK corporate governance code of best practice.

Cornerstone had threatened to call an emergency meeting to oust the entire SolGold board, but Mather has cut across them by revamping the board himself, appointing new non-execs, a new chairman, and several women who today make up 25% of the top tier of management.

Last week SolGold's Australian finance director left by mutual consent after a longish tenure and the City understands he is to be replaced by a Brit. Mather said in August he would step down from a number of other listed company boards on which he currently sits. The general feeling here is Mather has outmanoeuvred Cornerstone and that no EGM will take place.

Observers have pointed out Alpala is the largest, highest grade, deliverable copper project in a listed junior, so given the closeness of the PFS early next year, a battle royal is brewing. "It's about to begin, although one assumes if BHP wants it, BHP gets it," said one broker.

Few would disagree, although the timing is a moot point.

For Mather, a sale would be another feather in the hat of someone who has been involved in the development of 14 different resource companies, nine of which have been taken over, delivering A$5.7 billion in cash to their shareholders.

SolGold, however, could be the biggest coup Mather has pulled off to date, although how it all ends is difficult to predict.

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(Courtesy Sirmooni)

Abid could come after publication shortly of a long-awaited prefeasibility study for Alpala which is forecast to cost up to US$2.8 billion to build, with first production slated for 2025. Returns are forecast at up to 27%.

BHP and Newcrest already have stakes of about 13% each in SolGold - the largest tenement holder in Ecuador where it owns 75 exploration concessions on the Andean copper belt.

The takeover plot thickened on Friday when the Chinese joined the fray after SolGold CEO Nick Mather announced a share placement to raise $5 million from Beijing-based Valuestone Investors, a private equity fund backed by Jiangxi Copper. What better way to ratchet up future bid tension?

Perhaps Mather will follow in the mode established by that other mining entrepreneur, Robert Friedland, and we could see more Chinese involvement in SolGold, perhaps in a JV, perhaps in close partnership providing bundles of capital (perhaps, even, via a ridiculously high offer that even Mather would find difficult to defend). After all, we know when the Chinese want something badly enough they'll pay whatever it takes to get it.

Valuestone's move followed another flurry of speculation in London that Barrick Gold was also putting a slide rule over SolGold, which is a spin out from ASX-listed DGR Global where Mather is managing director and the founder.

So, there we have it - BHP, Newcrest, Jiangxi and Barrick, all said to be circling, ready to bite Mather's hand off for properties that some reckon could one day be home to half a dozen Escondidas.

But first they must persuade Mather to sell and that won't be easy. He's holding out for top dollar, and has said SolGold is quite prepared to develop Alpala, and other assets the group controls in Ecuador, on its own.

Mather is confident lenders and offtakers will provide finance on the basis of the project's value, estimated at $4.3 billion (£3.2 billion), not on the basis of SolGold's market cap of just £700 million.

In the interim, the pugnacious Mather is not afraid to ruffle feathers. "We are setting things up to be able to do this for ourselves. Andrew Forrest set up Fortescue to do it himself. He was treated with disrespect and contempt by the majors," he told Mining Journal.

"Until recently, majors have viewed juniors as short-term custodians of major's assets. We don't view it that way; it's our asset. If they want it, they have to pay a fair price for it."

Certainly, Mather is prepared to defy the majors. He annoyed both Newcrest and BHP earlier this year when he raised $100 million via a streaming deal with Franco Nevada, rather than plumping for an equity raise. Newcrest withdrew its board representative in protest arguing the "expensive" debt deal was more pricey than equity and against shareholder interests. (cont'd)..