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So Mike mentions a toehold in Solgold as an alternative to M&A. Interesting. No appetite to buy out Solgold, even at price based on 20 week. Hope that Maxit fella's unsubstantiated bluster doesn't turn out to be the bluff I currently assume it is.
Stack ….. already outsmarted Henry once ….. I actually believe the Oz deal makes a move for Solgold more likely ….. if you believe they’re bluffing I assume you’ll be selling up pretty sharpish ?
No, not selling. Range of outcomes possible here, but maintain that the 'BHP will have to put up or shut up' mantra repeated so often on here is total rubbish. Deepest pockets in the industry don't get forced into anything, simple as that. Even without any new copper assets, BHP have plenty of cash generating ventures to keep their div-hungry holders happy :)
Fine so say for instance someone offers 40p for Solgold…. You honestly believe they’d watch it disappear for peanuts … or is it more likely they’d be forced to counter bid ?
You might be right and I guess we’ll find out soon enough
Added to that they clearly hoped we’d run out of money and come crawling for some cheap dilution …. They wanted this for nothing so yes, if at anytime BHP make any kind of decent offer it will be a situation they have been forced into not their desired outcome.
DBW, BHP will not make an offer nor will NCM if they cannot get us cheap, they will sit back with their holdings and let us take it to production.
They will not overpay, and they will use their holdings along with others to block bids they don't approve of.
Remember if anyone else makes a bid, then BHP, NCM, DGR, Tenstar, Nick Mather and Quady have to say yes, as between us we hold a significant number of shares.
PS: The Quady bit was tongue in cheek.
Q…. They may not overpay….. but what would you call say 80p-£1…. Many would say that’s still cheap for the whole shooting match but many might take it now ?
Surely Sangha, Singh, Irwin, Mather must have agreed a number that’s brought everyone to the table …. But what’s the magic number?
DBW I would like to think you are correct.
However typically you get
10% of NPV at PEA.
30% of NPV at PFS.
40-50% of NPV at DFS.
So, 50% of the NPV won't even get us 80p or £1.
and we have to go to DFS to stand a chance of getting that.
Yet if we go to production, we could be at a premium to NPV and we will be valued on NAV.
That makes your £1 figure look ridiculously cheap.
Now ask yourself what scenario gets the best return for shareholders.
It’s not just about how much for everyone, timescale just as important for many ….. clearly not slicing up the pie and somehow getting this to production would have eventually yielded the greatest returns.
Personally I believe a bid will come from left field and then the fun will start . I’ve found this story both fascinating and infuriating at the same time but I feel it’s pretty much run its course now …..
We will see DBW, I guess we can agree next news is PEA for Porvenir and updated PFS for Alpala.
I’d like to think we’ll get something very soon AGM due very shortly
Personally I’d like to see the merger completed but it could be
PFS addendum
MRE2
Merger
Moran update
Another new CEO (lol)
Placing of CGP shares
Results of strategic review
Or more like none of the above and something completely unexpected
After all the recent bravado they need to back it up
Hi DBW
I can't find it but sure I'm not going totally mad, but when Irwin was challenged on tw-att-er re Cascabel going "cheap" I'm sure he stated something along the lines of "show me a tier 1 asset that has been sold cheaply - doesn't happen" ro something along those lines..............
Maybe someone can recall that / find it n post it here?
r's
BN.c
I remember that post...
Here’s another couple just posted from Irwin
https://twitter.com/bigdude6669/status/1594094794267320320?s=21
“Bob Sangha is working hard to ensure that a value crystallization event happens. Fingers crossed.”
https://twitter.com/bigdude6669/status/1594095526798315520?s=21
“Questionable? If Cascabel is questionable, SolGold has fooled BHP, Newcrest, Franco and Osisko Royalties. Those are some reasonably knowledgeable and experienced mining guys.”
BPhil,
Cheers for those explained tweets, I’m not on Facebook so couldn’t see them
Atb
Hi BNC
He did indeed but not sure we’ll be able to track it down . He also did an interview were he said “if you can’t sell a deposit line cascabel for big bucks, what’s the point” or words to that effect …. I guess all we can do now is sit back and watch this play out for the next few weeks
And get our votes lined up for Nick. If theres a takeover coming he always said it would have to be a good price. I think he said NPV...and Darryl said NPV is min 78p rising to over 100p...
This may look like an unholy alliance, but we need Nick and the CGP boys to bring home the bacon...
Who would vote with BHP and NCM now anyhow...
No doubt Quady will rack up shortly to berate you guys for not seeing that there will be no bid, and that production is the only way forward!!
Yep definitely 30p or over by the end of this coming week
BNc, this one?
https://twitter.com/bigdude6669/status/1578376734856347648?t=ySV9ZdyReRWDjNPprhFA1g&s=19
"BHP in control? Check your numbers. Give me an example of a cheap takeover of a world class mineral deposit. Doesn’t happen."
That’s the puppy
Thanks RCGL
Interesting Eloro you are a nasty piece of work.
I have noticed your past posts about me, all insulting while you add nothing to this forum.
Morning all, chief stirrer here, I have to comment on Quady's last post, I presume he was addressing himself in the mirror when he wrote that.
The resemblance is uncanny.
Good morning chief stirrer why not read his posting history.
I'll have a look and report back later.
Moi Quady?!
I read this board frequently and you are the nastiest poster here. One who has elevated himself to be the arbiter of what is right and wrong, calling out everyone, intolerant of views which are different from your own, which by definition is more more intelligent than your solg is going to production mantra. Worst of all, you play the disability card whenever you are proven wrong.
I have nothing to add, I bought in 2020, voted for Nick, agree with the Bigdude that this will be sold and I am holding for that. I do however regret that you and I have ancestry ties to Poland, albeit partial on my side!