Solgold Share Discussion Threads

[jerryspaniel] 18/12/2018 08:08

BHP cannot make a hostile bid unless there is another bid prior. They can only make an agreed bid. At this price what would NM say?

[alwaysevolving] 18/12/2018 07:54

....Or do we think BHP will be happy with their current 11% odd and simply sit back and watch as Newcrest potentially keep chipping away and upping their stake for the next couple of years?

Not really in BHPs nature that is it?

[goldrush] 18/12/2018 07:52

Was the news announced re Newcrest in Canada yesterday evening before being announced this morning by RNS in London. ?

The game is getting interesting again. Well done Newcrest !!

[alwaysevolving] 18/12/2018 07:37

Jerry,

because the two year clause stops them (BHP) from buying in over 13% (or there about) however it specifically states that they ARE permitted to make a full offer WITHIN that two year time frame.

What isn’t 100% clear to me is If that offer pertains to the entire company or just Alpala?

Newcrest have not had the same restriction placed on them as BHP have so Newcrest can seemingly purchase as many shares as they wish which makes this little stand off all the more interesting.

One has to ask ones self. What would you do under these circumstances if you were BHP?

[mknight] 18/12/2018 07:12

So confirmation that Newcrest now owns 15.23 percent and rising .BHP and Newcrest holdings now total nearly a third of the company . Buy as many as you can at whatever price you can get them for because whatever that price is it is going to be cheap.

[mknight] 18/12/2018 06:55

When will the market wake up ?

With Newcrest and BHP buying up as much as they can between 40 to 45p we still have sellers yesterday at 35p it really makes no sense .

The two giants are aware of the true value of Solgolds portfolio which maybe as much as 500 times greater than todays share price . Who knows if there have been discussions and an agreement in price for the whole company behind closed dòors .

It cerainly looks like BHP and NEWCREST are upping their holdings cheaply so the final takeout priced average is very acceptable.

[mam fach] 17/12/2018 23:27

Doubt any of us LTH's waiting for this to drop further.
Not noticed this news. Thanks for the information.
It's all coming together nicely.
Not long now.

[jerryspaniel] 17/12/2018 21:42

Always evolving. Exactly how will bhp come in sooner??

[mknight] 17/12/2018 21:42

So what price would BHP need to pay for ALPALA 1.20-1.50 should keep everyone happy .As long as SOLG keeps the 11 sites .

[dmitribollokov] 17/12/2018 21:40

The newcrest news is definitely positive and would be an expected move in the take over chess. It underlines that it is the end game.

However the US sell off undermines the confidence here.

[alwaysevolving] 17/12/2018 21:17

Not sure BHP will like that fact that Newcrest has taken another bite? BHP still have another 2or3% they can take up before hitting their agreed limit, however I still feel it’s going to be BHP that come in with the two finger salute take out offer and feel it might happen sooner than later?

Maybe Newcrest thinking the same re BHP so they are upping their stake while they are still able?

Just IMO and all that.

[mknight] 17/12/2018 20:08

Jerry not so sure we had a seller other than the traders the volume has been low for a long time . We will no doubt see in the next few days an rns clearing the guess work .

[jerryspaniel] 17/12/2018 19:58

It appears so MK. I would have thought this news would rate as pretty interesting and a lot more so than where the CU or AU price is etc etc. It also should have more significance than anything in the IC as they have been bullish SOLG for a long time.
However quite timely that IC say the share is a t/o target and the same day the biggest s/holder tops up....

But for those who thought the share price was being manipulated lower, well now we know. There was a large seller!!

[mknight] 17/12/2018 19:36

Hi jerry

Not much interest here in Solg . Most that post are currently out waiting for the share price to drop under 35p before buying back .Not my idea but everyone is free to do what they have to do . The 3 per cent purchase at 40p is great news and takes another chunk out from weak holders hands . Maybe they like Blanca y Nieve as they are more into gold than copper .

[mam fach] 17/12/2018 19:25

Everyone waiting for next RNS.
I expected more buying with IC's tip.
Certainly think SOLG would be tipped by others for 2019.
Not long to wait now. GLA

[jerryspaniel] 17/12/2018 19:23

For some reason I am not seeing anything posted on this BB about the Newcrest purchase of 27.8myn shares at 40p from unnamed third parties.
Its all over the LSE site for those who want to catch up. Apologies if it is here but I don't see it.

[mknight] 17/12/2018 18:27

Gold having a nice day .

Blanca y nieve comes to mind .

[arcadian] 17/12/2018 18:04

ODR

So you don`t like CNBC but you surely would agree that Trump needs a trade deal with the Chinese to secure his re election helped by the rise in the markets that would follow or is your cup not even half empty.

Mam
I`m surprised by today`s figures as IC readers at the weekend generally go for it on a Monday. Perhaps we are too near Xmas and people are risk off until the New Year.

[mknight] 17/12/2018 18:01

So newcrest take up another 3 percent .

[mam fach] 17/12/2018 17:18

Painful indeed.
Come to the conclusion that we are looking @ Solg with rose tinted glasses.
No one agrees with us -Yet!

[onedayrodders] 17/12/2018 15:38

how much longer in this painful range

:o/

[dmitribollokov] 17/12/2018 13:20

lol was going to say the same re: CNBC. The guy was some VP at a dull fund who is overweight equities too.

[onedayrodders] 17/12/2018 13:04

Arcadian .. I lost interest immediately when I saw the hyperlink has "CNBC" in it !

They are either clueless or directed to continue with the positive narrative to keep the BUBBLE inflated.

If you have CNBC just watch from 8-9pm UK time, and watch them roll out nothing but guests who just repeat "This is a buying opportunity" .. there has to be an excuse or a positive for a negative for every move down.

For example, last week consumer credit levels ballooned ... but this is a positive sign the economy is booming. LOL

Dunno about you but if the economy was that good people would be paying off their balance.... why would you run a balance knowing you are being hit with huge int rates. Could it be they are finding things tighter and tighter ?

The analyst said "There is nothing on the horizon to suggest a recession" ... they were saying the same just before the 2008 Financial Crisis !

[dmitribollokov] 16/12/2018 20:03

Good finds pob69

[mknight] 16/12/2018 19:47

Zeusfuria

The point i was trying to make was you only need security if you have something very valuable to protect.