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Fidelity have been in for a while.
Interesting to see a new name on the register ( or one I hadn’t noticed before) Fidelity investments now hold 1.39% and guess where they’re based ?
https://www.marketscreener.com/quote/stock/SOLGOLD-PLC-4005870/company/
https://www.fidelity.ca/en/
*next
It’s the weekend and schools out so it must be time for the bitter tasting great green box galah to spit out some 💩
We’ll need week will be interesting, not sure it will be pretty though. Just hope the logjam breaks soon. Had enough of watching this get trashed by Solgold and some on here.
Good luck genuine holders hope your day comes and by the end of the 1st quarter. Trouble is we’ve been here before!!
Eloro - did you read my post from earlier on? Nick didn't bring them on board. They were in board through an off market purchase of existing stock and then Nick decided to pursue that relationship.
Everyone thought that was a good decision at the time and I stand by that. It was more dangerous to have one major on the register with free reign.
You only have to look at Filo Mining. BHP have done the same there. It's not that they aren't important. Ultimately, they're a potential buyer of our project/company but that's about it.
It's clear from reading between the lines. If BHP were as important as you're trying to make them sound then our investments would have been doomed. Why? Because BHP would own about 25% of the company and most of that stake would have been acquired at cheap equity prices. That much is clear from the commentary in recent years about BHP favouring new share issues over a royalty and also Twigger's subsequent comments.
One of the things that SOLG has going for it is that next year, we could conceivably see BHP, Newmont and Jiangxi all in the region of 10-12% holdings. That puts three super heavyweights around a table with the company and good luck to us all.
My money is on PFS3 before end of January...
Unless there is a bid(s)
But even then it would almost certainly be used as part of the bid defence
You're right Bozi.
https://www.miningweekly.com/article/solgold-rejects-bhp-bid-2016-10-10
https://news.metal.com/newscontent/100905605/bhp-billiton-buys-6-per-cent-stake-in-ecuadors-solgold-copper-mine-for-35-million
Hi Bozi, I can see that folks are doing revisionism and are eager to downplay the importance of BHP. BHP, a major mining company all of a sudden isn't important to solg! So what should we make of NM bringing on board a major whose addition holds no significance? The revision is due to BHP being revealed to be adversarial and aren't likely to make a bid any time soon. So, rather than folks acknowledging the calamity of the situation, we have posts downplaying their importance. Yet, if tomorrow we hear that BHP is about to make a bid, I am sure that all of the experts will be pontificating re the importance of BHP.
From my perspective, it does not bode well that the relationship with BHP hasn't been repaired since the NM days, and from the recent rns, Scott has failed to repair the relationship. To paraphrase, re our relationship with BHP, better to have them onside, in the tent peeing out, rather than have them outside peeing in as an adversary. Anyway, not long to wait and more powerful shareholders will make their presence felt. I cannot imagine that they are happy to see their positions decimated by an ineffectual ceo whose only claim to fame is how quickly his non-achievement decimated the SP, under his watch. Folks pinning their last best hope on a failure of a ceo. I would laugh if I wasn't a shareholder!
Hfm. I think even blind freddy knows the government wants it progressed quickly.
So what do you think of Caldwell mothballing us.
Furthermore. Have we just failed to meet another deadline. Correct me if I'm wrong, but have we not agreed to be making a tentative start to build the mine dy the end of this year. 2 weeks away.
And what do you think Ecuador will make of solg missing another deadline.
I'm sure they must be thinking, are solg the company we want to be involved with. Hence no agreements forth coming.
Hope not HFM that’s sub 1.5p
Agree re Q1 looking better
Indi123 Re Post stating SolGold need to pull up their Hiking boots.... IMHO I believe your overarching point to be correct, the govt will want Cascabel progressed significantly during their short term, but SolGold want fair value and that involves having the IPA in place which is with the Ecuadorian officials.
I believe updated PFS to be in good shape and wouldn't be surprised if the 'expert' input to it has been provided by strategics. Let's hope the AGM scrapes through this week, IPA and updated PFS land early in the NY then we've shown our hand a then let's see what the market makes of it.
Could see an all time bottom in the SP next week followed by a sharp reversal in Q1. C
Just out of interest. What happened to the experts who performed pfs1 and pfs2.
And if pfs3 doesn't work, how many experts do we go through to get the result we want.
And do we not think possible suiters, like the markets are getting a tad tired of the amount of studies we're doing. Not to say suspicious.
Dozi. Another with who's recollection of the past, coupled with the sort of arrogance you expect ftom this board.
Your post.
"Nick did then let BHP in on a couple of placings"
Nick Let them in you muppet. Let them in.!!!!!
He actually dragged them in with open arms.
Your let them in attitude, fits in well with mathers arrogance. Hence 7p a share.
BILLIONAIRE ROBERT FRIEDLAND SAYS COPPER PRICES NEED TO NEARLY DOUBLE IN ORDER TO CAUSE MINING COMPANIES TO BUILD COSTLY MINES TO MEET RISING DEMAND FOR CRITICAL MATERIALS
The clock is ticking.
Eloro - Nick didn't bring them on board as a shareholder. All the articles are wrong, history is being rewritten.
If you think back, BHPs proposal was rejected in favour of Newcrest's. BHP appeared later when they subsequently purchased Guyana Goldfields' stake off Scott, who was their CEO at the time.
Nick did then let BHP in on a couple of placings. One at 45p and then one at 22p. It made sense to do this at the time because BHP were supportive and pledging technical expertise. It's all in the RNS releases.
It was the Franco deal that changed everything.
On another point. Covgas/ dozi.
Try to keep up. You telling bbg to get out in the aus sunshine.
He actually now tells us he lives in Italy.
Also he's no longer in the farm selling business.
He ceased trading after buying copperpots cattle farm for him in Ireland.
Who elected you as admin for the BB Covgaz? You don't like what I write, don't read it. Join RK and filter folks. I have as much right to post here as you. I have had to endure your tripe about RK and others. Get use to it because I will continue to post. Everyone has the freedom to comment and we don't need your blessings to do so. You are not an arbiter, and nothing you have posted can be regarded as remotely insightful.
Nonsense Covgaz,
If we didn't need BHP, NM would not have brought them on board as a shareholder. If they weren't important to us we would not be reading articles pointing out that we are on opposing sides with BHP. The market clearly believes that they are important. Another shareholder which could be regarded as just another shareholder would have been Blackrock. I don't recall reading any article drawing attention to the state of the relationship between solg and them. Imagine how excited we would all be if we suddenly read that Scott is holding talks with BHP and that we are expecting a bid from them! Finally, they are important to us because most on here have been expecting them to bid, or at least folks here have been posting regarding what BHP's intentions are.
Dozi.
I don't normally join in on others bickering.
But make an exception with you.
Your argument for keeping the board for another, year, is to qoute you, give them a other year if they havn't delivered after that year we're in a "spot of bother".
My counter argument would be, if we're not in a spot of bother now. Why the f, k is the sp 7p.
Your ridiculous rabbit in the headlights appeasing attitude does not hold up.
He's already had a year. Ecuador, the markets, and most major share holders are at their wits end with him now.
Were do you think we will be after another year of debacle, and lack of direction.
eloro , you ain't criticising scott. are you and drake the same person? you both come here chucking toys from the pram , talking to scott directly as if he's actually on the bb , and ****ging him constantly. then you get nal who feeds off conflict backing it all up.
scott isn't here to be criticised, you are just venting off as per usual.
We're not back to square one Eloro, not at all.
But the problem is that too many are absolutely desperate for the company to be sold. Like they wanted a sale 3 years ago and each passing week draws the same criticisms of board members.
We shouldn't be looking further than the Q1 deliverables. Forget the SR. It will find a conclusion when it's ready and not before.
Management needs time to execute the IPA and show how Cascabel can be developed over 5-8 years. In 12 months time everyone has a beter picture of the state of play.
We need to chill and let this work it's way out in the wash.
Yes Eloro, just like Drake , you are beaten up and hurt , spitting the dummy out.
Do you not read , imo we do not need bhp , they are just a shareholder..
And what I meant , but it came across wrong way due to whatever , was....
If you don't believe the news from SOLG via RNS , why are you here? If there is no trust in a relationship I always leave it , regardless of cost.
There is no point staying put and boring all the family with the woes you have in your head , they soon get fed up hearing them.
Just like yourself , I am well down here , I don't moan every day , it gets depressing for others.
Absolutely.
Cheers NAL,
It is so childishly predictable. Any voice that isn't mindlessly ramping, someone always pipe up, if you don't like it, sell up and go. If Scott was the second coming, he should be able to handle some criticism.
Excellant post eloro. Hit the nail on the head.
Solg with never improve relations with bhp whilst mather is calling the shots.