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Didn’t Gina Rinehart peg the land around cascabel some years ago ?
Fort, I have contacted the company and asked if there is any truth to the Spanish language article that Cascabel is not for sale. The response which I received confirmed that Investors should read and rely on the last detailed press release from the company, and that all options are on the table.
I suspect that someone one is trying to cause doubt leading up to the AGM with that article.
Well... if the government are involved then that might mean a deal with ENAMI and Codelco or something that allows both to save some face or one ot exit from one project but enter another etc etc. Most folk know the situation around Llurimagua right now and we also know that the new President has a stake too. Mmm.
Perhaps someone in high office as said ... erm... you're upsetting some of our potential partners with this talk of a sale.
Tier1 mines attract big money players. Not minnows. Remember that. And that includes nationals.
We're down 78% in 18 months; 46% in a year and 60% in 7 months...
So why wouldnt she...?
Damned phone! Food already been on a 100%+ run
Gold!
Just wait until food goes on a run. Then we’ve got a project. The copper is a bonus while the climate mouthpieces are still active but it’s without doubt that Net zero will be tactically called off somehow
This is a gold mine
C'mon DBW, we've had hard takeover rumours for at least 3 years...not even counting "fast and smart..."
https://www.mining-journal.com/m-a/opinion/1399422/takeover-battle-solgold-about-begin
On those numbers, Gross Annual Revenues are £2.16 BILLION!!!
And this for a company with a MCap of £270 MILLION...
Caldwell's hand has been forced and I suspect the choice of news outlet was made in order to address those who may have been most concerned i.e the government. He went as far as he could with the denial, but ultimately he was unable to state categorically that a sale is out of the question - he merely referred to 'speculation'.
I'm afraid to say that this strikes me as the inevitable result of the opacity which has existed ever since the SR was first announced. In fact the wording of the original announcement was guaranteed to cause confusion, and this article reflects that. I guess we'll only know the truth when a deal is unveiled.
Lithium is 72% down yoy so guess she is bottom picking. Know anything else that is over 72% down yoy?? She does like a bargain.
Not saying this is true or untrue... but the quote below seems to be lifted from Google translate, and may be mis-interpreted. Also, seems contradictory to recent RNS and a change a week later would probably merit an RNS itself.
Just saying but make your own minds up
Nice of Quady to offer to gag himself
What a relief for the rest us
Addicknt it is not a case of being happy, it's about following the evidence.
I would have been happy with a pound a share.
But all the facts and evidence said we had an enormous find and we were not giving it away.
I have always said we can do this, but not with the certainty that some say I had.
Hopefully now the useful idiots will keep quiet now, as they have nothing to contribute.
Not sure about those three but my opinion is unaltered. Of course solgold will be sold, there is no other feasible outcome.
You have to have an IQ somewhere in the range of a moron to think solgold develops cascabel
This is not news, as we all knew that Cascabel and Porvenir wasn't up for sale.
Only the useful idiots like Slug, DBW and Redknight couldn't see it.
No doubt they will pretend that they knew all the time that we were taking Cascabel to production.
Sire_frugalman has it right. Does the comment 'unfounded rumours and speculation' amount to a full-throated denial? Particularly when SC has been at pains to repeat that all options are being considered.
Who knows, we could end up with a jv. I won't be happy, but Q will be over the moon.
Gina Rinehart has bought two 20% stakes in Lithium companies in past two weeks. Quiet? Hardly.
well if that's true, thats solg pis screwed. why should any small pi touch this with a million foot bargepole? sure there's gold in the ground, but it's worth precisely jack in the hands of the current board.
a single ounce of gold wouldn't ever be extracted if the current board had 100 years! they took 7 years to spit out a half baked feasibility report for pete's sake haha.
let's hope they are talking out their ****s. despite some of the funny characters here, i never like seeing pis sold up the swannie like they were at sxx.
Gina R is anything but quiet Fort.
She has pivoted to lithium.
Like I said... perhaps they are happy we are down here in the 9's?
Lets face it, they've done zero to get the sp moving apart from filling their director pockets with cheap shares.
The companies comms strategy is an absolute mess. No wonder we are down at these prices.
I haven't read any articles coming out of Ecuador or South America for that matter that have made any sense. Most is eithe rlost in translation or poor rehashes of RNS's that have been released.
That said... you have to remember that various individuals in Ecuador ... mainly land owners and artisinal miners are all keen to negotiate strong terms on land purchases so if they think SOLG is being SOLD to BHP or another... they'll sit on hands and wait for higher price.
Anyone chatted with Gina R recently? I know she's got a keen interest and seems to be very quiet right now. Mmm.
Add
Who used the word lying…….it wasn’t me!
I’ve seen what posters like fortissimo and redknight have lured misguided posters into investing and personally it’s disgraceful. Dreamboatwarrior witnessed one of the worst rampers in one of his previous investments which didn’t work out too well.
Posters like red ramper and fortissimo are dangerous and should come with a wealth earning
However int it strange that posters like yourself and other emotionally involved investors don’t like emotionally aka rise tinted opinions…….
If I was ever to invest in a company like Solg I would pay for an independent analysis not listen to rampers like red 🤡
Strange how an indecent report like crux was dismissed as totally off the mark….well it seems as perhaps they weren’t too wrong in their analysis……
It takes all kinds on BBs it isn’t be healthy if only positive opinions were posted somehow I suspect the over leveraged investors are the ones who don’t want negative opinions on here.
I do know one thing though show me a ceo who hasn’t over embellished an opinion on their company.
The data room BS is farcical but holders are clinging on to his every word in the hope something positive materialises one ramper is 100% sure they can’t go into the agm,at sub 10p….well that’s a great reason to invest ……hope
Oh well, I think we might be stuck with each other and the toxic ones for a while longer then....
If there were any serious rumours about a sale the price wouldn’t be anywhere near this level … weird article