Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Many "experts" got it wrong then on Monday after the RNS, with statements about getting back to mid 20's or even 30p by the end of the week lolzzz ;))
Just shows you how ridiculous all the posts are really.
ONWARDS & UPWARDS !!!
That's not a bad mantra to live by Stackhigh but it's worth considering how SOLG are going to raise capital going forwards, assuming BHP are as disenchanted as Sandeep Biswas is.
Alienating those (relatively) early investors can work two ways. It either stifles our equity funding potential going forwards, which some would say is the plan anyway, or it gives their peers confidence to join the register, be that in an investment capacity or with aims to challenge the apple cart somewhere down the road.
It is now time to ask ourselves how much longer this can all go on for. One royalty deal was plucky. The second, particularly in the face of what happened in the aftermath of the 2020 AGM, will either prove a masterstroke or a hindrance if the strategic review doesn't deliver the value we all hope for.
Morning Copperpot it's been groundhog day for the last nine years. Ever since hole five. People on here have said Solgold will be sold and usually by the end of the month.
They are still saying it and they believe they are correct and the people who are saying I don't see it are wrong.
You really couldn't make it up.
Looking hopeful, but we could do with breaking convincingly into the 18s and then on into the 20s...
What J/V?
Newcrests involvement in Havieron hasn't had a beneficial effect other than to give people a chance to get out in the 30s...or even the 20s...
Stackhigh, you're spot on with your 08.06 post. It's been groundhog day here for best part of 3yrs. And it will continue until the J/V is announced!
Good luck buddy.
This was taken from newcrest mining tweet on the 3 rd nov
“Our investments are for the long-term and require a shared vision with the Ecuadorian government to succeed. Ecuador is one of the most under-explored and highly prospective gold copper regions in the Americas.” - Newcrest’s David Larenas at
@IMARC_Mining
#IMARC
It just means normal service has resumed… the slow drop back in price, a few days after positive news is totally predictable. Standard Solg.
Three days of volumes between 4.7 million and 7 million and now we have 5 small trades in the first half hour...
Does this mean the Buy order has been filled?
Will there be a TR1?
Will there be a stake sale RNS and has the buyer bought in the market?
All intriguing...
Colonel, Feb 2025 is not "3+ years" away, it's just over 2 - can you count? Yes I'm well aware Alpala will exist through many elections, but at current pace of progress there is a good chance it'll be someone else in charge when we need our mining license and want to start construction. Should that come to pass, all of the equity we have built with Lasso and his party is rendered useless.
This is why the much derided ESG work we do with communities and people is so important - ensuring we have advocates local to where we want to build who can curry favour with the government at the time.
I've never said I have any idea about the number of buyers lined up, and neither do you. I think comparisons with Noront should be taken with a pinch of salt given we are talking about Ecuador and not Canada - but I've never suggested this share doesn't have the possibility to do the same - I think the upside here is big, but comes with a dose of risk.
Finally, were I to trawl back through your posting history and pull out everything you've called wrong, I'd be here all week. You're a fantasist who spends his time outlining each and every possible eventuality, sadly for us having to wade through your drivel, just never the right one.
Great research again DBW
The terms appear fair, in our view, with an implied internal rate of return of about 9 per cent to Osisko based on the pre feasibility mine plan, released in April 2022, and current spot copper and gold prices,” Mr Bell said.
Hannam & Partners analyst Roger Bell told clients the $US50m royalty deal would help alleviate SolGold’s immediate cash needs, with the four-year buyback option over a third of the royalty interest mitigating concerns that SolGold was encumbering its flagship asset at an early stage of development.
Many years of trading have taught me to believe it when I see it. Personally I don't see much motivation for a bid from anyone. BHP keen on Ecuador but happy to explore for now. They know there is metal in the hills, and they have the best geologists and concession analysts $100b can buy. Newcrest might well be out before the AGM. Other nation states, wealth funds etc can wait and see- the 'impending' copper crisis isn't here just yet. So I think Solgold will still be here next year, as will the people here saying it's just about to be snapped up. My opinion, of course, but I don't need it 'corrected' by anyone who spends a significant amount of time on here. All the best!
Bozi, indeed. We've pished on their chips several times now and if the new funding isn't yet another message to put up or shut up, I don't what else we can do to persuade them of the situation. It's rather difficult to see another rapprochement and hopefully the gloves will come off.
I understand the completion of the CGP merger is not contingent on the completion of the strategic review, but surely the two go hand in hand? There would certainly be no merger without a top to bottom rethink of our strategy (let's not go there),so I imagine both would happen around the same time.
Darryl recently said ....
"consolidating 100% of Cascabel immediately simplifies our structure under the Solgold banner thus making Solgold more attractive to groups interested in getting involved in the Cascabel story"
Plus
"We believe the Cornerstone transaction along with the strategic review process sets the stage to unlock substantial value for our shareholders"
Stackhigh- make no mistake, this BB has been a bit premature pushing for a sale.
However, all signs now point to this. SOLG has gone back on it's olive branch of Q1 2021 where it promised to work collaboratively with it's major shareholders by doing this CGP/maxit brokered royalty. They've now cut ties with their main supporters over the last 5 years.
SolGold has now taken it's gloves off. Come and get us if you want us.
Stackhigh, that's a reasonable observation, but the fact is we've never engaged in a Strategic Review before. Presumably you can recognise the significance?
Indeed...
Though from memory, on this board, it was all going to be done and dusted by the last AGM. Then by Q2. Then after the summer.... You get the point. Just hope no novice investor uses this board as a source of research: they'd be very confused by the total absence of any hint of a sale!
This is how people used to getting their own way behave when that doesn't happen RK.
Biswas knows he has no interest bidding for the lot. It would stretch Newcrest at a time where they have replenished their inventory and are just working their way through the current gold price environment.
A matter of weeks before they cash their chips. To who and at what level will be the questions...
And utterly graceless behaviour by Biswas who cant make his mind up...
First hes going to sell out...then he has a strategic review after which they decide to keep it as a 'strategic investment's since when they've done nothing...
They being reduced to 10% so its "make your mind up time" Sandeep...
I suspect hes starting the jungle drums for the AGM but it could be all done and dusted by then. If NCM dlnt put in a crushing bid themselves, he'll have to decide who to sell to...
And just like that, your differences have been settled. Serves me right for not reading to the top of the page...
addicknt
THere's still the small matter of getting the merger all sorted and we should see some movement on this pretty soon as the days are disappearing fast. In theory, SOLG has kitchen sinked things over the last few months. So now we have a clean set of accounts (did CGP insist on a forensic review prior to merger hence the $4.5m finding??) we have new directors (and many old ones booted). We have funding in place. These are all nice stroking events which paths the way for CGP holders to vote the deal through. Another point worth considering is the forex element. With Dollar and sterling almost nearing parity, it makes sense (20%+ sense) for CGP to move their interests into SOLG London listing.
AGM notice must be due soon and with that we should get the proposed resolutions which will be interesting.
One thing is sure, monetisation of assets or asset is on the way but in what form we will not know until strategic review completed and even then that can be usurped by likes BHP making a bid which acts as a counter offer to the review for shareholders to ponder.
Surprised the sp isn't back above 20p+ levels but SOLG always tends to trade with some lag. When it moves, it moves fast.
Take no notice Addicknt. All we've seen from Fortissimo in recent days is unneccessary wlly-waving, all because SOLG did his royalty deal.
It doesn't detract from the fact that much of his eulogy is yet to transpire and he still can't cope with anyone who isn't super bullish on every facet of the company.
He's grifting hard for NostraDrake status but he's not there just yet.
Or a juicy takeover like Noront...
Remember Maxit advisors to BOTH companies on the strategic review...
Cant be long now before a stake sale is announced maybe plus the buying that has been going on in the market...