Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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I hope your right Red…. But as I’ve said before, I have serious doubts over our boards ability to close a deal.
The merger is not complete, Osisko is not complete, and this mornings deal is not completed… all hang on DD.
Is a bid still imminent? No it isn't, and never has been for at least the last 2-3yrs. I feel sorry for any new investors during that period that were duped into buying on the hype that a sale was imminent!
Some people have no shame, they still persist!
orthern, do you really believe it's that hit-and-miss? If investors are prepared to pony-up 36m, is it your view they've done it on a whim?
Orthern....its Sanghas ability to complete a deal...look at Noront and OZ Minerals...
We may not even need the additional $80 million if bidders get their skates on...
copperpot you're talking rubbish...either you're working for BHP or, more likely you're out of SOLG...I hope youre looking for a cheap entry because otherwise youre going to rue the day you missed this...cant you see what's going on..
Of course it looks like a headless desperate shambles because the decks have been cleared for a takeover...
Not to late...17.20 is a cheap entry...you'll thank me...
Morning RK
Fair play you mooted Xiangju many moons ago
Bet your phone’s been ringing off the hook?
RK, so if a takeover is imminent, why would they sell 6.3% now?
That just doesn't make any sense to me at all.
Ask yourself a simple question...why is this apparent shambles happening with clever people like Sangha, Irwin, Sandeep Singh, Nick, Chalmandy involved unless theres an alternative explanation...
BID(S)
RK, this isn't a shambles, like you like to portray. It's bid business in work!
I'm not out, I still hold over 2 million shares at a average of 4.6p. I've invested in this mind boggling opportunity, unlike you, I'm not a trader!
I've explained that anon...
They dont want to sell CGPs stake pre merger because it reduces CGPs ultimate gain so they issue new shares now with the intention of redeeming the CGP stake post merger.
The issue says to the market "were fully funded fir the foreseeable with the Osisko money.
This issuance (with none to BHP) dilutes them further, pusses them off even more and shouts "out up or shut up"!
Depending on how quickly the bidding starts we wont need the money and the successful bidder can sort it out.
Finally, the CGP shares and the new 180 million can all be voted for the AGM resolutions and to keep Nick in place.
Why are Elodie and Kevin leaving? Because they have no long term role...
Another day in Solg, yet another dilution, further eroding the value of our stake. No further exploration news, no details on the long forgotten mine design or build, and no sign of a bid.
Clueless, directionless, and treating shareholders like mugs.
SP holding up despite the dilution...
I wonder if its Jiangxi or Mitsui who have been buying in the market....
If the latter we have at least three prospective bidders including BHP...
The bit about the shambles was irony copperpot...
Match your 2 million an add 400k...
Delighted to know you're still in, so why foresee a long haul to production that clearly isnt going to happen unless you swap your shares for the successful bidder...
Oh dear ToS...you have so missed the point...
Why is a M&A specialist advising SOLG AND CGP.....?
ToS, had you made that comment before the merger was announced I would have agreed with you wholeheartedly. But life has changed quite remarkably in the past month or so and the direction of travel is now being dictated by people who are anything but directionless.
You are not getting it. The reason why a bid never came in was because BHP and NCM were always felt in control. They could bide their time and dilute every else into oblivion, and gain control of the company without paying the takeover premium like Rio Tinto did to Ivanhoe Mines at Oyu Tolgoi. There has to be competitive tension, and that was always missing. Please don't suggest that potential competitors could have bought shares on the open market to compete.
Or certainty that they could get it at a price they would be happy with. If someone told BHP they could have Cascabel for 16p a share today guaranteed, they wouldn't need more than a day to say yes.
The more shares we gift away at this level, or the more future royalties we sell, in order to create “competitive tension” the more we erode the value of our share in any future bid or mine. And.... the bit that really sticks in my craw.... the longer it takes, the more of this money being raised is used to pay the salaries of people who are creating absolutely no additional value to the already known assets of the company. But hey ho, why not get another set of consultant “experts” in at exorbitant cost to advise us how to do our jobs.
I’m going to guess the other 25 million went to Valuestone or split between Sangha and friends..
Tos see you done your research again ....that extra year has taught you alot I guess
Anon sorting the books out ready
Fair assumption I’d say Orthern
Well it’s clear that we will not see any appreciation in share price based on drilling results or advancement of studies (PFS MRE) for some time now if ever again.
It’s just down to a straight takeover battle now and the playing field has been greatly levelled recently.
This will benefit us all when it comes to the final deal being struck
Copperpot take a back seat like you always say and pop up when we close to news nothing to read here ATM as you always said
Far more shares had been gifted, and will continue to be gifted if the company pressed on with DFS and vague ideas of development and so on. A sale may or may not occur, but there will soon be no more of this will we, or won't we nonsense that has plagued the company for two years with BHP quite happy to see ever more dilution to help them make up their mind. As long as it is not them being diluted.
Orthen first time I've ever aggreed with you