Solgold Share Discussion Threads

[boris cobaka] 28/7/2020 04:51

Lowtrader drill results will affect the 'spat'
It raises the stakes.

[noccer] 28/7/2020 00:58

Was a copper mine with gold, looking like could be a gold mine with copper - just watching gold and silver price trends.

pparekh20 - Alpala (and other parts of the same conession) are already in a separate company called ENSA, 85% SOLG, 15% Cornerstone.

[lowtrawler] 28/7/2020 00:54

pparekh20

Maybe before a bid is made. After a bid is made, there are restrictions on that type of restructuring.

Most experienced mining investors have been mystified as to why SOLG haven't spun out Alpala and used the proceeds to fund their other exploration sites. This would be one possible action for NM to take which might win support from BHP and Newcrest. The company have previously stated that it would generate an onerous tax liability but I am sure they could find a way around that.

As I see it, NM only needs to get support from BHP to successfully defend the CGP action. Selling Alpala to BHP may guarantee their support. However, it would be a fire-sale and so the price would be very low.

This type of activity is exactly why Citi were brought on-board to advise. It will be one of many possible options and we will need to be patient to see how SOLG act.

[pparekh20] 27/7/2020 23:58

Question guys - do you think NM would ever consider spinning all the properties into a new company if a bid is made, so that the only thing that is sold on is Alpala?

Thoughts..

[disruptor1664] 27/7/2020 23:05

From LSE for the day...No. Of trades: 4401,192,291 shares sold at a value of £283k.3,612,066 shares purchased at a value of £859k.

[disruptor1664] 27/7/2020 21:45

Starting to think this is happening to my UFO as well looking at the volume and buys...

[mknight] 27/7/2020 21:14

Arcadian

That is sensible only bet what you are happy with .

I dont think we will go any lower but you never know maybe Gold will drop or a political problem or Franco pulling out of the deal . You never know whats around the corner .. maybe a bid this week ..drilling news ..we are not even sure we have started or if we have when we started .

Lots of unknowns as lowtrawler says only a few really know whats going on .

[arcadian] 27/7/2020 20:36

MK and Low

You are right of course but despite this I will buy more but only when some new facts are made public.

[lowtrawler] 27/7/2020 19:52

Arcadian, as a PI, we will never have inside information and so can only trade on what we see.I have briefed financial analysts and journalists on embargoed information. They are always under strict insider trading rules and yet somehow the information leaks out and is traded against. You see the pattern time and again. It is seldom investigated and even rarer for it to be prosecuted. Any form of corporate action has so many insiders, it's difficult to know where the leak came from.Share price manipulation is also criminal. Mk is suggesting he sees it happening but it is unlikely to be investigated. The cards are stacked against us but SOLG is no different to every other listed company.

[mknight] 27/7/2020 19:03

Arcadian

I think it is still a good tool . You have seen as i have we have a seller .

Everytime the market gets ready for a hike they bring down the offer or load it up . Millions have been bought cheaply imho and until they run out we will be at these levels .

It is what it is when the seller finishes we will jump to the next level probably around 26/27 when those that bought at 23p will take some profits .

News of course will see more buys and the seller outted sooner .

[arcadian] 27/7/2020 18:03

MK

Ditch your level2-- waste of money

From today`s data it would seem that markets are for buying and selling but not remotely about value as there is so much else going on and much of that we are not party to. Someone better placed than me need to write a book called

"The Blind Investor"-- a financial Richard Dawkins. Maybe there one already out there.

[mknight] 27/7/2020 14:07

we have until October , i am sure NM will be doing everything in his power to get the first results at the end of August .

What it will do is put a value on the other 75 sites

[lowtrawler] 27/7/2020 13:58

Even if they did, don't see it impacting the spat.

[dozyduck] 27/7/2020 13:52

We're not going to get any drill results in time to affect this spat.

[lowtrawler] 27/7/2020 13:49

It looks like NY opened and some gold investors had forgotten to put limit prices on their opening buys!

[mknight] 27/7/2020 13:40

BHP will no doubt use Cornerstones to source Alpala . NM it would seem will need to do a deal or lose control of the company . We really need some great drill results to get a decent return .Price still being held back .

[lefrene] 27/7/2020 13:32

Interesting spike in the gold price!

[pob69] 27/7/2020 13:32

Just for curiousity I revisited Chris Temple's coverage on Cascabel and he knows his onions from 2018.

[lowtrawler] 27/7/2020 13:30

Mk, it's these sort of BHP questions which mean we cannot know which way BHP will turn. Frankly, if BHP announce they will not support CGP, the meeting may as well not go ahead and CGP will likely withdraw it.

[goldrush] 27/7/2020 13:16

pob69

Thanks for the information regarding Willem Middelkoop....and his statement that "....we have a substantial position in both $SOLG and $CGP and will keep it that way till a buy-out"....is very satisfactory indeed and further confirmation of an expected takeout of CGP and SOLG IMHO

[lefrene] 27/7/2020 12:57

One thing for sure, the action by CGP is down to greed and a sense of entitlement, it's almost like siblings arguing over who gets what of family property. Newcrest appear to have flounced off but they haven't slammed the door by selling their shares, perhaps CGP feel they have won the first round?

It's a huge prize and the greedy want it on the cheap, whilst CGP because of it's problems seems to want a swift deal but at more than is being offered, so how does BHP play the various parties off against each other? I'm guessing that Newcrest and BHP intend to do a joint deal over the mining, so will they offer to buy CGP when BHP comes out of purdah, or will Newcrest buy CGP? Or indeed some other third party arrive on the scene for CGP? Always questions without answers, time will pass, somebody will mine it, and I agree with above comments, vote with NM if you want best value from your investment.

[blair83635] 27/7/2020 12:55

Cornerstone BOD have not done a great job for their shareholders what makes them think they know best for solg holders

[pob69] 27/7/2020 12:46

I have met Willem Middelkoop on a number of occassions (as well as Nick Mather) and am at a loss with some of the comments on that other UK BB. Posters now belittling him previously praised him to the rafters when he was posting positively about the company prior to its major rise several years ago when no-one apart from Chris Temple was interested!

Whatever, he has responded to my query, on CEO.ca, on holdings and he confirmed...

"....we have a substantial position in both $SOLG and $CGP and will keep it that way till a buy-out"

Cannot say fairer than that.

[mknight] 27/7/2020 12:43

Lowtrawler

It maybe NM will have no choice but to sell Alpala to BHP . He will know more or less how many shares he has in his favour and how many against .

Institutions maybe happy getting 60p for Alpala and letting NM carry on with the other regionals .

[lowtrawler] 27/7/2020 12:33

There are a lot of distractions caused by the CGP tantrum. Investors and commentators alike will be getting pressured to take a side and so it is likely to dominate thoughts and actions over coming weeks. At the end of the day, it will be determined by Newcrest and BHP. If they both side with CGP, they will likely take Blackrock with them and Nick will have no defence.

The big unknown is how BHP will respond. As always, they will do whatever looks after their interests best. Unfortunately, I don't think we know enough to say what this would be. As we can't influence the outcome, it leaves us to consider what the shareprice impact will be under each scenario.

In the event that CGP carry the day, it will be because they have won support from all the major independent shareholders. Presumably, this would be seen as a positive and may even come with a documented new strategy. The existing 20% holding by Nick and his vehicles would become a potential cloud but he know's more about the potential than anyone else and so it is unlikely he would dump the holding.

The difficulty is replacing the skillset and value of current SOLG Directors. They have built relationships with key stakeholders, understand current status of initiatives and are fully up to speed with the ongoing work. It is unlikely that any replacement Board would be as productive for many months and may never manage to build up some of the relationships forged by the current team. At the very least, it is likely to result in delays and at worst loss of permits.

In my view, it adds risk and delays benefits but this may be partially offset through reaffirming support from the major shareholders and introduction of a different strategy. It is likely that the company will be run for the benefit of the big shareholders and so Private Investors had better watch out!

If Nick carry's the day, it will be because BHP choose to support him. We would end up with a tetchy Newcrest and CGP will be in real trouble having rejected the bid. Newcrest could be petulant and take adverse actions against SOLG but I wouldn't expect this to be anymore than them dumping shares.

In my view, it means business as usual and BHP are fully committed. This should be price positive. Nick might give CGP another opportunity to accept the bid and they would be well advised to take it.

As Private Investors, I think it's important we use our votes in Nick's favour. If CGP win, we will be forgotten and lose out financially.

Possibly a bigger question is will we get to the requisitioned meeting or will other events happen? It still seems likely that some sort of bid will be made for SOLG. If so, we might never get to answering the CGP question.