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Bit like that last post ....
So hands up anyone who believes end of last week's drop down to 33's was a final opportunity for the close mates and in club boys and girlsto top up before we're off to the races to newest heights?? Yesterday's and today's accumulation so far is clear evidence and almost illegal
Roger that
Any blockers ?
trading action here looks amazing right now. Stochastics have just started to turn and making higher highs. Await news flow now to ignite
if that article doesn't get your juices flowing then you're not human
thanks to the superb Pob69 -
''Really interesting interview with thefFormer deputy mining minister Fernando Benalcázar SOLG $SOLG $SOLG.L #porvenir #cascabel #ecuador $CGP
---
"...As two executives of global companies have told me, geologically Ecuador has very great wealth yet to be explored. If with the little that has been done there’s a deposit like Cascabel, which is among the 20 most important discoveries in the world in the last 50 years, imagine the wealth that’s still to be discovered."
hTTps://www.bnamericas.com/en/interviews/prior-consultation-law-may-spur-mining-in-ecuador
SOLG 37.95 +0.80 +2.15% Looking very positive
eh....back
all - many thanks for the update from the link I posted
knocking on 38p now
Hey
We’re back !!
https://www.baystreet.ca/articles/research_reports/fundamental_research/AIW-Oct-19-2020.pdf
It's not about SOLG, the brief analysis is about CGP, attached below.
FRC Opinion
Positive – This is the second failed attempt
by SOLG to acquire CGP. We had
mentioned in a note, following the bid in
June, that SOLG’s bid was not good
enough, and significantly undervalued
CGP’s shares. We continue to believe that
Cascabel is an excellent acquisition target,
and would not be surprised if BHP (ASX:
BHP) or Newcrest / ASX: NCM (who are
also significant shareholders of SOLG) have
a go at SOLG and CGP at the same time.
Note that, in 2016, BHP had made an offer
to farm-in a significant share of SOLG’s
interest in Cascabel, which SOLG rejected.
We are lowering our DCF model’s discount
rate from 12.5% to11.5%, to be in line with
similar stage copper-gold projects, and raise
our fair value estimate on CGP from $4.66
to $7.44 per share. A significant increase in
the company’s equity interest in SOLG
(SOLG shares are up 73% in the past three
months) also contributed to the increase in
fair value.
FRC Opinion
Positive – This is the second failed attempt by SOLG to acquire CGP. We had mentioned in a note, following the bid in June, that SOLG’s bid was not good enough, and significantly undervalued CGP’s shares. We continue to believe that Cascabel is an excellent acquisition target, and would not be surprised if BHP (ASX: BHP) or Newcrest / ASX: NCM (who are also significant shareholders of SOLG) have a go at SOLG and CGP at the same time. Note that, in 2016, BHP had made an offer to farm-in a significant share of SOLG’s interest in Cascabel, which SOLG rejected. We are lowering our DCF model’s discount rate from 12.5% to11.5%, to be in line with similar stage copper-gold projects, and raise our fair value estimate on CGP from $4.66 to $7.44 per share. A significant increase in the company’s equity interest in SOLG (SOLG shares are up 73% in the past three months) also contributed to the increase in fair value.
FRC Opinion
Positive – This is the second failed attempt by SOLG to acquire CGP. We had mentioned in a note, following the bid in June, that SOLG’s bid was not good enough, and significantly undervalued CGP’s shares. We continue to believe that Cascabel is an excellent acquisition target, and would not be surprised if BHP (ASX: BHP) or Newcrest / ASX: NCM (who are also significant shareholders of SOLG) have a go at SOLG and CGP at the same time. Note that, in 2016, BHP had made an offer to farm-in a significant share of SOLG’s interest in Cascabel, which SOLG rejected. We are lowering our DCF model’s discount rate from 12.5% to11.5%, to be in line with similar stage copper-gold projects, and raise our fair value estimate on CGP from $4.66 to $7.44 per share. A significant increase in the company’s equity interest in SOLG (SOLG shares are up 73% in the past three months) also contributed to the increase in fair value.
https://www.researchfrc.com/will-bhp-or-ncm-have-a-go-at-solg-cgp/
Will BHP or NCM have a go at SOLG & CGP?
Oct 19, 2020 | Analysts' Ideas of the Week