Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Should add, that so far we've seen BHP move for Oz Minerals which are very similar to SOLG with a decent wedge of gold but also Copper. Newmont clearly want gold and have moved for NCM. BHP were met with zero resistance or counter bids from competitors. Same could unfold for NCM.
I don't think Newmont will let Haverion go should they acquire NCM but equally I don't expect Wyloo/FMG to rollover either and think they really want the entire asset, hence why GGP seems to have popped by over 30% in just 2 days.
SOLG's time will come and it's hotting up now although the share price clearly hindered by ARB and slow execution of merger. The latter really should have been dusted by now. No idea why they are struggling to get a prospectus out... it's basic stuff. Like I said a few days ago, per haps CGP guys need more time to clean up their desks and run up a few lunch bills before turning off the CGP lights.
According to Reuters Barrick have ruled themselves out of buying NCM. This is a nice little tester as I think it shows the direction Barrick are more interested in.... and it's clearly not gold. But I suspect it's more likely to be copper!
Bodes well.
DBW
If Newmont bought out Newcrest then they would own a nice piece of Solgold, then to pick up Solgold for a fraction of Newcrests valuation would be icing on the cake, security for Newmont for the next 50+ years, copper being the new gold really, interesting times just all a bit slow
Atb
know, the Final Court Order giving approval for the merger happened on the 10th of Jan. CGP's announcement stated that subject to further approvals being obtained the transaction would conclude at the end of the month.
Does anyone know what those further approvals are?
Hopefully soon BBG been a long old road
More M&A speculation …
“One of the burning questions is whether Newmont’s bid for Newcrest, if successful, will be the exclamation mark that closes this period of major consolidation, or the launching pad for a “cascade” which sees corporate activity accelerate and trickle down to the smaller end of the market.
“2021 and 2022 were all about equity raisings and now with valuations where they are it’s consolidation and people looking for critical mass and more assets in good jurisdictions,” Liam Twigger, deputy chair of Perth corporate advisory firm Argonaut told Stockhead.
“There definitely will be further M & A activity cascading down from the majors to the mid caps to the juniors as they all follow suit.”
Will Bob deliver the goods
They could just sit it out and wait. But what happens Sid, when the chines or Gina H and co start nibbling chunks as they are already doing right now... indirectly and more recently with the chinese... very directly.
You can wait 2 years if you like but you'll likely be bidding for licence blocks (grass root) in the next cadestre as everything else in Ecuador will have gone.
NCM has GOLD. It doesn't have a huge amount for copper. Any buyer of ENSA or SOLG will be someone keen to build copper reserves which lets face it... it the metal of today and tomorrow and sought after by nearly every mining major out there.
Sid, personally I just want to be put out of my misery as a SOLG investor, I had enough.
Question for pro bidders. I am also hoping for a bid, but as NC is also on the table now, would you as major with deep pockets go for NC first to pick up the top block cave technology and then go for solg in 1 or 2 years time when the price is probably much cheaper?
I think we will be left with something to explore and prove up
We’re not an explorer anymore
We’re up for sale …. And if we lose every penny we’ve invested we are still way better off than those in Turkey or Syria….
We’ll be ok but they won’t ….. its all about perspective
Add I agree masters was a much better description than chiefs but it still meant we were going round in circles forgetting what we are.. an explorer !
Bozi, crikey, you've got a good memory!
Dbw, whatever is eventually announced it's going to have to be pretty seismic to move us away from the fairly narrow band we've been trading in for what seems like a lifetime.
God forbid they come up with some anodyne waffle about looking for jv partners/selling off concessions/ optimizing production plans, blah, blah. In other words, I sincerely hope they don't simply repeat themselves. They need to produce something concrete, such as a firm proposal of some description. Failure to do so will take some explaining.
As am I, Add.
How has that case of your favourite tipple come along over the last year or so? It was pretty 'upmarket' when we talked about it and that was before the hike in inflation! ;-)
Yep very ….. but it’ll come
Its getting pretty tedious DBW isn't it...?
Easy to feel that way Novice when “seemingly” very little is happening and we are bereft of news ….
As I’ve said one day there will be a press release (RNS) that will answer all our questions one way or another and leave no room for further “speculation”
Hang in there DBW
No red not anymore, I've lost all hope of making life changing amounts here with my measly 802K, will be happy with 30 to 40p atm...
roses are red, violets are blue, Solgolds schedule progress is nothing new
Due in next week or so Orthern …. Was Valentine’s Day last year
I think we have a quarterly update in the next few weeks?? surely they will have to update merger progress before that.
more chance of 14.5p here
Thanks Novice...45p by Friday...?
Just pointing out the facts, Bozi.