Solgold Share Discussion Threads

[shabadi] 27/8/2019 23:03

Justify your expectation of 25p by close.

[ntbb] 27/8/2019 23:01

I dont think finance is any problem, real money in the ground you just need fake money to take it out of ground and bhp has alot of money, it's worth reading this again or keeping in mind

16 October 2018

SolGold plc

("SolGold" or the "Company")

SolGold Raises GBP45m at 45p per share from BHP

Highlights:

Ø BHP Billiton Holdings Limited (BHP) to subscribe for 100 million shares at 45p to raise GBP45m (USD $59.2 million).

Ø BHP to have anti-dilution rights for a period of two years in respect of all capital issues to maintain a 10% interest in SolGold provided BHP does not drop below a 10% shareholding level in SolGold.

Ø BHP to have a right to appoint a Director to the SolGold Board provided BHP does not drop below a 10% shareholding level in SolGold.

Ø BHP will, for a period of two years, support the recommendations of the Board of Directors in respect of SolGold Board composition.

Ø BHP will, for a period of two years, support the recommendations of the SolGold Board in respect of any shareholder approvals required in connection with any change of control transaction involving the Cascabel Project or SolGold, provided it is supported by an Independent Expert appointed by the SolGold Board and 60% of SolGold shareholders (disregarding BHP's shares) accept or approve the transaction.

Ø BHP agrees to a standstill in respect of SolGold under certain circumstances for a period of two years and, subject to certain exceptions, cannot acquire further shares in SolGold above a threshold of 246,634,271 shares, without SolGold consent.

Ø BHP agrees, for a period of two years (subject to certain exemptions), not to discuss any change of control transaction of SolGold with third parties without SolGold consent.

Ø BHP agrees, for a period of two years, to provide SolGold, in certain circumstances with a right of first offer in the event that BHP wishes to dispose of its acquired shares.

References to figures and tables relate to the version visible in PDF forma

[mknight] 27/8/2019 22:58

Hardly ramping at 22.85p.

When did you become such an assole.?

[excellance] 27/8/2019 22:02

the problem is funding, and the fact that solg are at the mercy of financiers because they have zero revenues. they will need a mountain of cash to mine, and nobody will behave charitably.

[shabadi] 27/8/2019 20:55

mknight, I am sure one day that one of your predictions (ramping) will come good for you.

[mknight] 27/8/2019 20:31

The Dogs will be buying tomorrow
. Breakout through 23p ..

Expecting a 25p close .

[mknight] 27/8/2019 20:30

The Dogs will be buying tomorrow
. Breakout through 23p ..

Expecting a 25p close .

[ntbb] 27/8/2019 19:55

"Anti dilution at 10%

For a period of two years, provided BHP continues to hold at least 10% of the shares in SolGold, if BHP's holding falls below 10% as a result of the issue of new shares by SolGold, BHP will have anti-dilution rights to subscribe for further shares to maintain its holding to 10% of the undiluted share capital of SolGold."

[ntbb] 27/8/2019 19:32

I topped up another 5k shares, put the order through dma at 4.31pm @ 22.85p and it got filled under UT, so all those large trades must of been buys at 22.85p

[shabadi] 27/8/2019 18:23

I don't think so, on Oct 2018 they paid a 28% premium so if this were reflected today then 29p.

[mknight] 27/8/2019 17:39

Last time the share price was this low BHP paíd 45p .....

[shabadi] 27/8/2019 17:12

So you are thinking the placing would be double the current price.

[ntbb] 27/8/2019 16:43

Perhaps 50p

[mknight] 27/8/2019 14:23

Imo

No way will they do a placing under 25p

NM Would get the boot .

Just bought 30k at 22.75 AT

[alphapig] 27/8/2019 14:21

Guys, I've added hoping I'm not buying 20p placing shares, will double if it turns out I am.

[mknight] 27/8/2019 13:56

Ntbb

At this price one of the big boys will make their move soon .could be this week

[ntbb] 27/8/2019 11:43

Iv just added few, my average now at 30.64p

[mknight] 27/8/2019 11:38

Permits soon imho

[ntbb] 27/8/2019 11:15

I think we can all agree the worm has turned

[lefrene] 27/8/2019 10:28

Doing your best there to talk it up ntbb. :¬) I suspect the first signal of things improving will be those drill permits, and I'm cynical enough to suspect that they may be being withheld until either someone has been 'accommodated', or their friends and relatives have acquired enough shares!

[ntbb] 27/8/2019 10:16

Large buy at premium, 108,627k shares buy at 22.889p and we are still on 22.80p wtf is going on?

[ntbb] 27/8/2019 08:44

43,837 buy at 22.80p should get interesting pretty soon

[ntbb] 27/8/2019 08:26

Buys going at full price now, I think bottom has been reached and it's only heading north now

[kyoquot] 27/8/2019 08:08

Only gun dogs.