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That's why we all still here for the end story
Bubble I have probably read more on NM than most on here.
If you are referring to his DGR announcement about Solgold. Then that is from DGR's perspective.
When he talked about Solgold as a Solgold employee that was from Solgold's perspective.
I’ve read more porn mags then most. Doesn’t make me a great lover !! You don’t half brag too much.
Congratulations ScotKio on being an expert on porn.
You got me beat on that one. You won't get any argument from me.
Quady, to ensure I don't 'misrepresent' you, am I right in thinking that you forsee a situation whereby DGR sell their holding but Mather keeps his?
This is a straightforward question and I'm not inferring anything.
addicknt
Question is.... will we be getting the 'addicknt early doors' post to start the day to ponder over our coffees? You've been like clock work over the last few weeks. Almost so precise I'm beginning to question whether you're an Algo bot.
Please one of the below before posting:
1. How many bridges do you see
2. How many buses
How thick do you have to be to think that when Mather is speaking from a DGR perspective it is any different from his views as a former/current SOLG employee?
I have met more perceptive teenagers.
Addicknt when he spoke on behalf of DGR he said that their holding in Solgold would eventually be sold. No date was given.
When he spoke on behalf of Solgold, he said that they were looking to unlock value on behalf of shareholders. Shortly after we got an announcement of the strategic review, which is about advancing Cascabel.
DGR is a different animal and has no ambitions to become a producer.
I see SharketMare is just being abusive again.
But that's his main role on here.
Q, it doesn't seem very likely though, does it? Why would DGR sell out if NM considers far greater value could be had by staying put? Additionally, in the absence of a corporate event, all of the major shareholders would struggle to sell their shares without crashing the market, so it strikes me it would be suicidal of Mather to dump DGR's holding knowing full well it'd damage the company and, by implication, his own holding.
Incidentally, the SR is about far more than advancing Cascabel.
Fort - I lied.
Addicknt doesn't it make sense that DGR would not sell on the open market, but would sell to a party at an agreed price that enters into a JV with Solgold.
That way Solgold gets what it wants and so does DGR.
The strategic review will totally transform the company into a different beast! You could even use the word "monster"! ;-)
Why do you think there's a review in the first place?
I won't suggest that isn't a possibility, but I come back to the question of why NM would sell DGR's shares whilst simultaneously believing greater value could be had by holding.
The other thing to bear in mind is NM's attitude towards a jv, which he has publicly stated is not a route he wishes to pursue.
In my view, NM will use DGR's stake as part of a bargaining tool with a potential buyer. By doing so he's in a strong position. Once DGR are out of the picture NM's influence becomes broadly insignificant - and I simply can't see him wanting to be in that situation.
It certainly will, copper, but not in the way you suggest.
As for your question, I think you know the answer and it comes in the form of our new Lords and Masters and their own stated intentions.
Good morning Addicknt, correct....I do know the answer!
Well, ...... so I'm led to believe!
Addicknt that had been answered by NM himself.
While NM has DGR shares and firm part of any mass vote.
The shares belong to DGR and so form part of DGR's long term strategy.
This differs to Solgolds strategy.
Quady, are you basing your view that NM only intends to sell DGR's Solg shares (and not his own, or sell Cascabel or sell the whole of Solgold) on his comments at the Noosa mining conference in 2022?
What he actually said was "We set these up in companies which get finance, get listed... Some of them emerge quicker than others, but the basic idea and a model that we've been following for some years is to create companies around very very large resource projects and then ultimately, majors seem to take them over. That's certainly the plan in respect of Solgold."
I don't think that's evidence of a plan to just sell DGR's shares, or that he is planning a JV. It could equally well imply that they intend to sell Cascabel, or to sell the whole of Solgold. Is he referring to the majors taking over the resource, or the company it's wrapped in?
What I think this does confirm is that the official plan is no longer for Solg to take Cascabel to production on its own. Clearly he intends that a major is going to take it to production, following some sort of corporate action (as referenced elsewhere in the DGR presentations). How that will look remains to be seen.
rcgl, in fairness to Quady, it's possible to see how NM's statement could be misinterpreted.
Q's argument seems to be that this relates only to DGR's position. The counter-argument is that it refers to Solgold. I know which of the two I believe, but there is a degree of ambiguity.
Addicknt, it's a moot point: the people running the company are aligned with the DGR strategy. They're all working towards the common goal of monetization of Cascabel. It's simply a question of how and when at this point.
SM, I completely agree. I was merely saying I understand how someone could see the statement differently, particularly if it supports your existing argument. In fact, this is true of many statements issued by the company over the years; as I said the other day, they've been the masters of ambiguity and obfuscation. It would be nice to see the new team address this problem and to speak plainly in the future.
good morning rcgl2 you may be right.
But no announcement has been made to sell Solgold or Cascabel.
Yet we have made announcements that 20 tenements equating to 10 properties are up for sale or JV.
So when people say things like well they wouldn't announce it would they.
We know that's just not true, as we have announced what is for sale and what isn't.
But yes the DGR position is different to the Solgold position and we see that in all announcements.
SharketMare please can you put up any link from Solgold that shows they are monetizing Cascabel.
I believe the the phrase used in the strategic review is to advance Cascabel.
COMPLETELY DIFFERENT THINGS.
Addicknt, in total agreement with you on the shoddy comms from SOLG itself, but it's worth re-reading the AFR piece in which Sangha, who will control just shy of 5% of the company once the merger completes said. For me this puts in plain English what is going to play out here.
"The strategic review will be run by Sangha and Citi and will consider selling part or all of Cascabel, among other options. Sangha says the strategic review heralds the end of an era where SolGold was “pretending they were going to build a block cave” mine.
It now seems far more likely that SolGold will sell part or all of Cascabel and use the proceeds to return to its core competency; greenfields exploration.
“We are going to do what we should have done six years ago; monetise this in whatever way maximises value for shareholders,” said Sangha. “We are bringing it to an end fast and smart, rather than slow and stupid.”