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Add … seems to be about the size of it
Why would bhp acquiring it be so bad if they paid a fair price that the shareholders agreed to ?
The majority would prefer a fair price as opposed to more dilution going to production, especially the PI’s I think.
A serious question Quady, I’d be interested to know
Good grief addicknt quite the opposite just read what I said.
A takeover of Solgold is unlikely how many times do I have to say it.
And then you continue to misquote me.
It's the ENSA part that has changed.
Ignore them addick, they make it up as they go along... this will be sold when the decision has been made and agreed between all relevant parties or it will go to production if the circumstances are not favourable to the relevant suitors. If you believe in SolGold then either way we'll all benefit. There might be 5 or 6 years difference depending on the out come but ultimately nobody knows. and if you're a trader good luck ;))
Because if BHP had acquired BHP the book would have been less diverse, they would have 20% of Solgold.
NM had this in mind.
"...if BHP had acquired BHP..." erm?
I assume you mean bhp and cgp?
I’d agree on that.
I'm afraid to say ,Q, your thinking is getting incredibly muddled.
Correction if BHP had acquired CGP
Jezzoo why do you think going to production means serious dilution .
Like you serious question.
When Solg/CGP each partly owned ENSA, Ecuadorian tax rules made purchase inefficient for any buyer - with the CGP purchase that has been tidied up ENSA, this makes a sale more likely than was the previous case -I believe the intention is to sell this off and probably CGP do as well
Quady, consider this please if you would. Rough figures for illustrative purposes.
Say before the SOLG CGP merger we have 1000 SOLG shareholders and 200 CGP shareholders.
So post merger we have 1200 SOLG shareholders.
Now say before the merger, 50% of SOLG wants to sell and 50% wants to hold for production.
Now let's consider that 80% of CGP wants to sell and 20% wants to hold for production.
Is the book more of less diverse?
Bozi that's not the situation.
Each one that want's a sale is not the same company, so they are competing against each other, they are not working in concert.
That's the power of the diverse book.
So to answer your question we are more diverse as the majority don't want BHP or any other entity to acquire Solgold.
They all want their share.
Sorry Quady, been out for a late lunch..
Put simply, how is development of a mine going to be paid for ?
At least some of it will be dilution, exchanging funding for % of the company, however it is achieved it has the potential to dilute our stake including deals based on future profits.
Jezzoo if we do a streaming deal, that's our part of the finance, the rest is loans.
So no dilution or minimal dilution.
Not sure there has ever been an apostrophe in wants. Quady you invent English, mathematics and economics to suit your narrative. But it’s all nonsense, as usual. The business is for sale so get used to it.
Hi Jezzoo
I'm very proud we got mentioned by Q. We must have really go under his skin.
Can you remember how many times he said he was never going to post on this site again? What a liar.
All the best
Andy West
Sorry. "GOT" under his skin.
Quady, that post at 16.47 yesterday is one of the most stupid things I have ever read on this BB, and that is really saying something.
SharketMare because you don't understand something don't rubbish it.
It's the reason we have not received a bid.
I know you don't understand, because you keep saying we are near the end.
Try reading and thinking.
That's the working of a diverse book, because some are of the same opinion, doesn't mean they want the same thing.
No one is going to sell out cheap to help out BHP.
I know you don't get that, but that's what my post says.
Try reading it.