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In the process doesn't mean a buyer is identified. Hope I'm wrong.
Apols - the second part of my post was meant to be @rcgl2!
Thanks RCGL…. 5 hours ago
“Maxit is in the process of selling Solgold, it’s well known “
Nuff said
@Talatum - that would crater the share price and would mean that not all holders could exit at the same price. It would be a bloodbath and larger players, particularly the ex-CGP holders, would not be happy at all.
@DinnerMoney - great find. Think I will add a few more this week after reading that.
Exciting few months ahead.
Some more interesting comments from WI a few days ago in an interview where he references takeout range for Solg and 'the sale'? Sounds like wheels are turning. FTJNY, Bob Sangha has a lot more than 19 mil shares, cannot recall exactly how many but its multiple of that... he has plenty of skin in the game. Scott Caldwell recently added to his holding to get to 19 mil. Have a good week all.
1 hour in he gets to Solg
https://youtu.be/dfI4sspfmNI
https://twitter.com/BlakchinnieBlue/status/1637375298760065024?t=nOwerUnsrvVt2MXH1_rtUA&s=19
@ItsWarrenIrwin Warren, watched your Wild Expectations for Uranium interview where you mentioned $solg. You indicated that the sale may not happen which is a change from your previously bullish position. What caused you to go from trying to sell, to sale might not happen?
WI: Previous bullish position? SolGold is up for sale. Maxit is working hard on it. Bob Sangha has a lot of SolGold shares and is one of the best in the business to get it done. What more can you read in to the situation?
CB: Bigdude, the sale might not happen imply that a stumbling block has arisen, which could prevent the sale. Whereas trying to sell gives the impression the process is continuing with no adverse impediment at this time. I guess I am overthinking things here.
WI: Ya, I think you are overthinking things. We have a great deposit, great infrastructure, great banker and it almost always takes way longer than one would expect to conclude a deal. But, the numbers are big, so lots of due diligence is required.
SharketMare, In the open market by taking advantage of resultant share rerating- we hope lol
Copper, that's a fair point. The circle I can't seem to square with the JV argument is how that allows Sangha, Irwin and other former CGP shareholders to cash in their chips.
What's the point in duplication of jobs? The J/V doesn't need duplication!
Not complaining about it but it seems employees were planting trees last week as per our 1 million tree commitments lol
It's getting increasingly difficult to square these redundancies, including that of Fawzi, with the statement that we're 'advancing' Cascabel and exploration is continuing.
The company is giving the impression of being mothballed and I'd love to know what our numerous employees in Ecuador are doing with their time.
FTJNY, yes top dollar is what we all want imho
Messrs Botts & Loyer no longer needed as it’s getting clearer by the day that the for sale sign is firmly in place! Sanga is doing what he does best and with around 19 million shares in Solg you can bet your bottom dollar that he will straining every sinew to get top dollar for his investment and we just need to keep hold of his coat tails ( and our shares) to reap the benefit
In another article the European union are contemplating
adding copper and nickel as the critical metals .
https://www.signalhire.com/companies/newmont-corporation/employees?page=8
DBW, yes, I had a look at the web site last week and noticed how thin on the ground we are. Quite why such a small team needs three offices is a mystery. Maybe they haven't heard of Zoom.
Metooo, I also checked him out on LinkedIn, maybe Newmont have already taken us over and our lads have forgotten to mention it.
Some great commentary on Gold & Copper in this Jay Martin interview from earlier this week...
https://youtu.be/8PJUN32CAws
'Global copper inventories got down to 1.8 days' only a couple of weeks ago. Gold only going up thanks to $ decline.... fundamentals looking very strong for SOLG.... I still think we need to see those investment protection and exploitation agreements signed before anything significant happens. All the best. C
Well, there is a group exe utive exploration at Newmont mining wth the same name:). Trying to keep one s sanity waiting for the promised exit point.
Add have you seen just how small the team is now ?
So no one knows who Robinson is?
BTW, I've heard a rumour about the update - they've got a new set of photos of the bakery.
More interesting articles concerning our Gold Deposit in King World News today:
March 18 (King World News) – James Turk: “First of all we are only a chip shot away from a new record high in gold and we are already seeing record highs for gold in currencies around the world. The way things are shaping up, Eric, I’ve been talking for a long time about the collapse of the US dollar and it looks like it could happen this year. And that makes me a little bit nervous..........
In some ways I understand the slimming down of our management team.. it’s been bloated and overpaid, for very little return over the years.
However, I would like to hear Scott square his multiple recent statements about having/keeping more of the skills in house, instead of using outside consultants, to progress any studies to keep costs down… yet at the same time reducing our in house team.. seems like contradiction.
Bogota maybe we are getting a new crew in that could actually build a mine :<0
Slimming down ahead of the much anticipated takeout
Take a look at the about us section on the website
Our team …… been completely decimated
Fawzi gone too