Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Jerry spot on …. Solgold now never mentioned my NCM or BHP but more tellingly Irwin is quiet which would be totally out of character if he was even slightly worried
Fort/CD, its an interesting thought process as to what BHP might do. They have said they would like to get into more copper and nickel. I dont recall them saying they want gold. NC doesnt have that much copper in comparison to their au reserves. So its unlikely BHP would want NC in toto. The thought that they could persuade NC to sell them their Solgold stake in return for some commitment only has merit if NC feel they could be threatened by BHP. Personally I think RIo more likely to want NC, but I do see NC selling out to BHP should the latter want it. I think NC will support BHP in any communication with Solgold but thats more because Sandeep aint no Mather fan, and imo, a nasty piece.
Since NC bought into Solgold so much has changed for them and they have caused displeasure amongst their s/h by buying assets in NA. So a sale of their Solgold stake will be far more positively received by their instos than a bid/jt bid will be. NC do have a few expenditure commitments coming up so freeing up some cash for core businesses will be a great solution. Solgold barely gets a written mention in any of their dox, and gets absolutely zero verbal comment.
And for Quady, any comment made by a company over a year ago is worthless and they dont need to issue an RNS just cos they changed their mind.
Have a good weekend all.
Funniest thing I’ve read in many a year lolzzz
Is this what the BB has come to now!!!
Like I said the sooner tinyray does one the better and leave them to lick their wounds on poly
———————————
Don't worry quady he wouldn't say anything to my face either just on here, bookies would have me as a substantial favourite on sight including his pals.
RK …. Have a good weekend, things will start to happen very soon now IMO …. Who blinks first?
I know phil...its context...
I know jezzoo...thats why apologies to MLK
That article is 5 years old
Wouldn't want to be out over the weekend imho few 1 and 11 trades early this week
It's actually "Free at last"
Just saying........
Peace at last...
(With apologies to M L King...)
Thats enough weekend reading for now...
https://seekingalpha.com/article/4504491-ascot-resources-a-buying-opportunity-with-a-huge-discount
Solgold mention in an analysis of who BHP might buy...
We're not the only girl in town...
https://www.marketwatch.com/story/solgold-shares-up-after-bhp-billiton-bid-rejected-2016-10-10
Remember this...?
https://www.marketwatch.com/story/solgold-shares-up-after-bhp-billiton-bid-rejected-2016-10-10
Don't worry quady he wouldn't say anything to my face either just on here, bookies would have me as a substantial favourite on sight including his pals.
And yesterday...
https://www.investorschronicle.co.uk/news/2022/08/11/today-s-markets-elon-musk-builds-his-war-chest-as-coinbase-slumps/
"SolGold CFO lasts two months
Just a few months since announcing the appointment of a new CFO, SolGold (SOLG) has said she is on the way out again. Ayten Saridas’ start date was 27 June. The company did not give a reason for her swift exit.
The mining hopeful is developing the Cascabel copper project in Ecuador, but has butted heads with major shareholders BHP (BHP) and Newcrest (AU:NCM) in recent years and seen various management changes, starting with Nick Mather stepping down as chief executive at the start of 2021.
Jason Ward, exploration manager and former director, has also resigned, after moving to Sydney from Ecuador. Director Keith Marshall, who served as interim chief executive when Mather quit, has also quit after 18 months on the board.
Ward and Marshall will remain advisors to the company. “I would like to thank the people of SolGold for a fascinating, if somewhat challenging 18 months,” Marshall said. Turmoil at the top is not new for SolGold, including a head of communications joining the board for just a few months in 2019.
Company chair Liam Twigger thanked the three leavers for “their contribution and commitment”.
If we assume CGP are still onside, then between themselves and NM they could offer a 20% “way in” to any interested 3rd party ….. immediately making them the largest single shareholder …. Or would the asking price be to high?
A reminder of the May IC article...
https://www.investorschronicle.co.uk/news/2022/05/09/picking-buyout-candidates-in-the-copper-space/
"The deal many juniors look up to is the 2018 buyout of Arizona Mining by South32 (S32), which paid $1.3bn for a pre-production zinc-lead-manganese asset (and some smaller options) in the US. The company was valued at $1.6bn, and the Hermosa project’s last net present value before the sale was $2bn.
A similar discount for mining hopeful SolGold (SOLG) would see it taken out for £2.35bn, around 3.7 times its current market capitalisation, based on its recent pre-feasibility study for the Cascabel copper mine, which outlined a net present value of $2.9bn. This is a very basic calculation that doesn’t account for the difficulty in building a mine in the Ecuadorian hills compared with the US, to be clear. It’s also worth remembering that a copper mine would attract a higher valuation at the moment, given the metal’s prices and strong demand outlook.
Even Noront, the nickel company from which BHP backed off from eventually, has a mineral resource but is still some way off a final investment decision. The logic around ‘derisking’ projects through detailed studies could actually scare off buyers rather than encourage them as it can lock in plans with governments and other involved parties.
SolGold will be hoping it doesn't get left on the shelf. As Brooke Macdonald, chief executive of the 15 per cent owner of Cascabel, Cornerstone Capital Resources (CA:CGP) told Investors' Chronicle in 2020, "junior companies [have] got into trouble trying to build a project of this size".
Please do Slug, I have kept many of your disgusting posts, making a complaint to the police means you need to identify yourself, and we will take it from there.
Can't remember if this was posted
https://www.miningnews.net/leadership/news/1437608/more-signs-of-unrest-at-solgold
https://www.kitco.com/news/2022-08-12/Gold-Fields-CEO-on-the-company-s-6-7-billion-Yamana-Gold-deal-and-the-problem-with-exploration.html
"Over the past five years, Griffith warned that the return on exploration dollars has been "rapidly diminishing."
"We are not seeing a return for those expiration dollars. What we are seeing is a reduction in the return for those exploration dollars," said Griffith.
"Where we are seeing the discoveries, they're coming in at lower grades and they're coming in at less favorable jurisdictions. The bigger gold companies no longer have the ability to replace their declining reserve and resource base internally. And the competition for those external options is becoming really intense."
Oh dear...thats the ultimate faux pas...I've mispelt misspelt
It was mispelt anyhow and you left out the ephemeral apostrophe...
Sorry Chinese …… genuine mistake and genuine apology