RE: Long position18 Feb 2026 11:10
Mathersfinger - your 1838 post from last night:
Quote:
"...You can still trade shares in Solgold after February the 23rd, you are giving false information, read up on this matter and apologise to those you have confused and given bad advice..." Unquote.
I forensically understand the situation Mathers but, alas, it seems I have to educate you even further.
So listen carefully. I will K.I.S.S (keep it simple stupid):
At 10am on Monday (next) the judge will chair a meeting that will last 15 minutes. At 1015 he/she will declare the outcome of the voting issue that JCC buys out Solg for 28p/share. That result WILL BE MADE PUBLIC IMMEDIATELY.
On the 3rd March that result will be sanctioned. Between 23rd feb and 3rd march shares can still technically and practically be traded.
But this is the bit you seem to have not - how shall I put it - 'not considered':
IF the vote is in favour of the buy out on 23/2 AND no one else offers a bigger bid on that date or in fact between the 23rd and the 2nd, then 28p it is.
IF the vote is blocked IE: enough s/h's block the bid, and JCC do not 'up' their bid, then the market will see this as a failed bid with nothing on the table and the SP will collapse.
[There are variations on the outcome but these are minor compared to the above two].
This is the important bit (which is why I stated (and still do) that the last dealing day for 'safety' is this Friday):
Because no-one knows which way it is going to go on the 23rd and because the court has to publically declare the outcome of that bid on the 23rd, there is a chance the bid could be stopped. If the bid fails, the SP will crash.
It will crash because:
(a) no other bidders.
(b) Solg has to find atleast US$2bn to fund the mine which will require massive dilution for shareholders.
(c) It will take (more) years to get to production.
If the bid succeeds then the SP will stay at 28p continuously until the 3rd March.
QED: Each one of us has to make a decision before the 23rd about whether they:
1. Sell now and guarantee 28p.
2. Do nothing and hope and pray the deal is a "yes" on the 23rd.....and get their 28p later on automatically.
3. Do nothing and accept the consequences of a blocked deal resulting in a "correction" (without getting too emotional), which could last for some considerable time without even thinking about future dilution if Solg go it alone.
And yes, the elephant in the room is that JCC up their bid on or after the 23rd or another bidder joins the party and offers more which would mean someone selling before the 23rd misses the boat.
So it is left for me to re-iterate: "....the last safe dealing day is this Friday..."
I leave you with this (drums beating, tense drama):
"....DO YOU FEEL LUCKY PUNK...."
Z
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