SP ANGEL - Partner Interview with IG Index UK re:Solg & BHP From...

SP ANGEL - Partner Interview with IG Index UK re:Solg & BHP

From the interview:

Junior miner ...Its $3-5 billion project.
Rio, Vale & Anglo American mentions as the type of co*s that can undertake these big projects.
Seen as "hostile" - near- controlling or controlling stake.
Maybe approach to offer $20-30 million or to move on the the whole co.

My comment:

If the above is correct, then it differs from the normal stake gathering as earlier discussed.

MAJOR HOLDERS OF SOLGOLD SHARE: 4TRADER.COM-Mkt Screener

Newcrest 14.5%
DGR 12%
CGP 10%
Tenstar 7%
Guyana 6.08% [Sold on 5 Sep 2018 & competed on 6 Sep 2018 to BHP for US$35m for their stake in Solgold for US$35m. The stake cost
Blackrock 6.05% Guyana US$10m. At this price of 26.59 British pence, it values Solgold at US$600m.]
N.Mather 5.3%
Fidelity Can 3.77%
Dmyant Sangha 2.67%
Rosseau LP 2.66%

<>N.Mather 5.3%
<>DGR 12.0%
<>Newcrest 14.5% [Subject to conditions in change of control voting]
======
3 1.8%
======

My Comment:
Have done a bit more research and hence typing the above from SP Angel. Please listen and check as its from recall.

Since SP Angel said that BHP would return in a previous interview, decided to check it out further to cover ALL possible angles as backup data.

Sat, 8 Sep 2018