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Https://www.northernminer.com/regulatory-issues/canadas-regulator-clears-newmonts-acquisition-of-newcrest/1003856900/
Mining giant Newmont (NYSE: NEM) said on Tuesday the Canadian Competition Bureau had cleared the company to proceed with its intended acquisition of Australia’s Newcrest Mining
https://seekingalpha.com/article/4609146-swallowed-by-giants-newmont-and-newcrest-mining
“Minor assets (in the scope of things) brings Newmont into Ecuador w NCM's 32% of monster low cost Lundin Gold ownership plus a stream. NCM holds a stake in SolGold w BHP, the huge Cu/Au project in northern EC. Plus NCM is funding $LUGDF exploration of its big leasehold for a 50% earnin.
If NEM decides it wants to get out of EC, these assets would bring a big price. Billions.”
Simply shocking...
"On book" Turnover £54k (from LSE Official website), without the Unc rossing trade...
What on earth is happening...has the whole UK gone to singe in Southern Europe...?
Looks to me like the big boys are just going to wait until SOLG burns up all the money and goes belly up. only way out of this is pull some metal out of the ground for the fighting funds
Of course the markets have no interest... of course there is no large volume...
We are mothballed until someone with deep pockets decides to make a move on the asset..
and we have nothing in the schedule to generate any interest...
Anyone that just may be interested, don't need to rush. Solg have now failed to joint venture anything for 2 years..
At the presentation, Cauldwell is just going to fluff out the license extension as a 'thing' he can point to, to show how hard everyone is working at Solg towers... how things are moving along nicely.
We are now a lifestyle company for those still collecting salaries..
0 is the record... however...
114,367 traded in 6.5 hours...
Of which a single batgain of 60k and...
Only c20k AT trades...(14 bargains...)...
Previous 2 year low volume 731,000...
What is going on...or not...?
Is the market holding its breath for a big event...
MMs/Autos don't want to take significant positions either way...?
Any theories...this is bizarre...
I wonder if this will be a record low volume?
Pad, I think you've beautifully exemplified what we bring to the board. I've suggested some reading you might do to better understand solg, you've tried to make a funny. Best of luck with your strategy 👍
Add, I think we're similar in that we both only make definitive statements about things we understand 😉
Just do some reading folks. Aris, last week: classic example. If you read what the CARC's objections had been to previous proposals, you'd have clocked that it would be a tight turnaround to approval. Low and behold, 1 week later, 9% rise on news from Marmato. Same level of analysis of solg says this presentation Thursday is the wash out I predicted. But add says it is 'significant' (even though he doesn't make definitive statements). We'll see who is right 👍
Aggro, yep. I accurately predicted the December 2020 AGM result would lead to the end of the Mather reign (I did, but this comment is tongue-in-cheek)
The fact is I've tried to avoid making predictions here because they have been frustrated by the previous managements failings. I don't talk about dates for a takeover and nor do I give value predictions. What I do is outline possibilities which invite comments. The one exception is my abiding belief we will not take this to production, and who knows, I may be proved wrong on Thursday - or I may not- or maybe we'll remain in the dark.
Unlike you, and where possible, I avoid definitive statements because it's a mugs game and I've been investing too long to have much certainty about anything. Anyway, keep up the good work.
Thanks Agar1981.
I’m not really bothered what colour Franco painted his ceiling. The films I recall, Lassie never had a lead.
Now let me have your contact details and bank account and I’ll transfer all my money for you to invest for me.
Thanks again, P
A couple of persons here are really annoying. It takes a lot to have this personality if in in real life the person is nice or even just normal.
Any update, add? Anything you've said come to fruition?
And I have just read Pad's homage to me (very cute). What research would you like me to do for you, pad? Are you interested in how Franco calculated it's ceiling for Cobre? Do you want to know which amendment to Ecuador's ministerial code lead to Lasso's decision being inevitable? Would you like me to invest any money for you?
Wow. Flattered that you wrote me a play, pad, but elected not to read it. If it's as original as your 'research' posts I'll be asleep on the job! 🥰
“Please Miss?”
“Yes Agar1981”.
“That Nasty Addicknt and those Solg Luddites keep picking on me and I’ve done more research than them”.
“Never mind Agar1981, perhaps you can share that brilliant research with them instead of just sniping and being disruptive for the past hundreds of posts?”
“But I can’t Miss, I haven’t really done any research”.
“You naughty Agar1981, now go and stand in the corner with your dunces cap on”.
“Not again Miss. Anyway the corners are already full with my other dunce clown friends including Kalneedabari”.
Another great find - thanks Pad.
Z
If I cared about people clicking recommend I'd just point to the errors in Red's ramping- that always gets a good reaction, but it feels a bit like kicking an old, sick, deluded dog.
Who is the teacher in your little skit there, add? As far as I can see this comes down to you and me. I want to talk solg from a realistic standpoint, you evade any scrutiny by deflection. Have you come up with any way in which I've been wrong about solg? Can you point to a post in your enormous back catalog where you've said something about solg that was insightful and then proven to be correct? Anything at all? I'll wait 👍
Oh dear! The poor lad's developed a nasty case of tick envy. And he talks about toddler behaviour without in any way recognising his performance is a bit like the class swot who puts his hand up to every question; " Me sir! Me sir!" and is roundly ignored by the teacher.
Let's take Pad's heavily recommended article below (look at all those thumbs 👏). People with a news feed set up will have received the same thing and ignored it, as there's nothing new in it. It's of zero interest to a knowledgeable investor. Instead it gets pasted here (no disrespect to Pad: he's just following what everyone else on this board does) and it gets up ticked by people who, I'd argue, aren't doing sufficient quality research themselves. Or they like repetition, like a toddler likes repetition. But wouldn't it be great if this board actually discussed some new ideas, like someone using examples of other royalty deals from franco to outline how solg might finance the staged mine plan they've talked of recently?
No- that gets shot down by luddites who haven't done much reading and think they understand mineral financing because they once worked in an office. If you always do what you've always done, you'll always have what you've always had and this board will remain meh.
Your fixation with my year of birth is weird (it was feb 1981, if you're that interested?) and jealousy is a weak emotion. I'm sorry that I've been right about solg, really I am- the daydreamer in me wishes your cries of 'hope so' and 'this is significant' were true, but the intelligent part of my brain tells me to trust the research and stick to my investment plan. As I've said before, if you want any advice you just need to ask. Don't gamble on hope and do read some more 👍
Https://www.juiciocrudo.com/articulo/amp/ecuador-y-solgold-negocian-en-torno-a-cascabel/40763
Ecuador maintains negotiations with the Australian company SolGold with a view to passing, this year, to the exploitation stage. Thus, the company will be qualified for the construction of the mine of around $3,000 million, Cascabel, in the province of Imbabura.
The Minister of Energy and Mines, Fernando Santos, said that for now the economic issue and the amount of royalties from the copper, silver and gold project are being discussed. According to the law, royalties must be between 5% and 8% of production.
Among the plans for production from the mine is the construction of a pipeline to transport the material to the port of Esmeraldas and from there to its final destination.
The Alpala deposit is the main objective of the Cascabel concession.
In April 2022, the pre-feasibility study confirmed the world-class potential of the project to become a large, low-cost, long-duration mining operation.
Once built, Cascabel is expected to be one of the top 20 copper and gold mines in South America.
For such a young man your memory seems a bit faulty, perhaps a trip to your doctor may be advisable. You appear to have completely, and conveniently, forgotten what you said in your 1981 guise. I haven't, and neither have many others on here.
Anyway, time you got on with some work, us older folk need you to pay your taxes for our pension and zimmer frames.
Are you going to come out and say you're jealous of my 'youth', add, or will you just keep trying to patronize?
I have never manipulated the market. I satirised the ridiculous nonsense some on here write, and the SP moved, but any connection between the two is made by you. The people I have bought stock for are generally happy as they all know what I know- investing is a younger man's game and you sometimes need a few years to make a decent profit, as will be true here.
Listen, I think you're a bit deranged but I don't wish you any harm, and I'm not sure you should spend so much time thinking about me. Let's agree that I've been correct in cautioning against undue excitement here, and leave it at that. I'll still call you and others out when you get giddy over nothing, but it isn't personal ❤️
Sadly, you missed the point - again. I was referring to the bs you came up with when you claimed to be manipulating the market on behalf of a client you were advising. Admittedly, this was whilst you were using your 1981 moniker, so perhaps you prefer to forget about it. And yes, yesterday was highly significant, regardless of the lack of market reaction. Oh, and sorry for not realising you are also an expert on Ecuadorian constitutional matters. My bad, as I believe you kids would say.
By the way, the emoji thing is probably better being used on Instagram or Facebook, or whatever other social media site the children use.
Only 2,000 shares traded (£340) in the first 90 minutes...
And no Auto trades...
Tumbleweed in the market as well as on here...?
Let's hope so, Q. Otherwise it's unlikely to be worth listening to.
I might suggest you weren't running the business very well if you were flat out? 🤷♂️
As you say, lots of people enjoyed my story and the SP did swing over 10% on small volume. make of that what you will. As for people I provide investment advice to, and buy on behalf of? They've made better choices than you, it would seem. I won't offer you any investment advice, I will simply point out that I've not been wrong about solg at any point. Yesterday you said that the term renewal on one of our concessions was significant. I contested it wasn't, and the markets have once again been so kind as to prove me right and you wrong.
Benefits of being a 42 year old with other people to do the hard work? I can read extensively about mining. Solg isn't my only investment, but it's the only one with an LSE board full of rampy morons who need their wings clipping. I don't think you've read a fraction of what I have about LatAm mine development, about Ecuadorian constitutional affairs, about funding... If you had, you'd realise I don't hit and hope. I read and invest. I said no TO before the '23 AGM and was told I had no clue. Months later a lot of those detractors are getting nervous as it becomes very clear I understood the path walked by solg better than them. If you want me to tell you what I think actually happens next, you can ask me for investment advice 😊
9 jobs dispatched onto today, and I'm still typing... That's good business 👍