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Oh yes the pfs, that's when the sales are on, or is that DFS sale.
Night all.
X
Hi Quady.
Ok, back to whisk oops sleep.
LOL
GLA
Back to sleep newtoit, we require your wit on the 29th Sept.
Only 5 days to go.
It's my predicted date for the PFS.
What was the question?
It's getting close to panto season, soooo, oh no it won't.
Lol
HAHAHAHA RICH3R, don't sit on the fence mate.
How are some posters on here going to fill their days & evenings after this gets bought out next month lol ;o)
And I'll post the caveat myself : this may not get bought out next month or any month and may go to production in several years from now ...........
Earthling, well done a thought out post, I am not being patronising. However the only poster, that I consider who has posted a logical argument for a takeover is addicknt.
I don't know all his feelings on this, as quite wisely he doesn't speculate on price.
I am not so wise, so I think after PFS, we are in the region of 2 pounds to 2 pounds and 50 pence, I know this is above DBW's question of 1 pound 50 pence, earlier on today.
I am not speaking for addicknt, but he seems to understand ( maybe more than me ) how to value a company.
Anyhow, I don't believe I am too far off what addicknt would value this at, as I don't believe he is in the under 1 pound crowd. ( I could be wrong )
So if I have got this correct, then I am in agreement with addicknt, and the this is going to be sold crowd.
I have always said this could be sold, but not cheap. ( this is getting boring repeating this ) I just believe the most likely outcome, is we take this to production.
Fact number 2
BHP haven’t got where they have through chance, they will not be content with a 13 % stake here.
At the very least they will get a bigger chunk of the pie
Wat h this space and learn you don’t know as much as you claim.
Even your new best pal Jerry said outright W doesn’t believe NM or their mining minister, without giving any of the evidence or figures you ask from everyone else.
So either your new best pal is more Han that to you lols or you’re wrong
Your only other response, even though it’s been posted many many times, is prove it with figures or we are lying?
Well here is a fact for you, majors usually get what they want over junior minors and there is no reason to expect anything different here.
Quady, considering your only view here is one of production, I’ve thought about what else you miss because of your blind sided view of this.
You persist in saying a major will not be wiling to pay a fair price for us.?
It is this point I find quite ridiculously inaccurate.
Your answer is always well why hasn’t anyone bid so far.
If you knew half as much as you claim you would know it’s very unusual indeed to pay what they would need to without reaching PFS stage at least.
As this approaches and BHP stand still agreement comes to an end, it would be a much more logical view to expect bids start following PFS, which happens to coincide with BHP.
Instead of name calling and insults why don’t you try listening to many of the great posters here who have been trying to get though to you for months re your attitude towards anyone who doesn’t agree with you, other than your mate of course who is back on here.
Good spot Quady - as Addicknt said, it seems Canada is four days behind the rest of the world.
I am sorry Schlemiel, your right, I have read it back and it sounds patronisng. I apologise.
Don't patronise me fella. It's tiresome.
Schlemiel, if he is such a well respected journalist, he would check his facts. This is a CGP propaganda piece, dictated by CGP. How do I know you ask. He has said that BHP ends on the 19th October, only one company says that, and it's CGP.
We know it's the 15th.
Don't be taken in so easily.
He's a pretty switched on and well connected Aussie mining journalist so worth taking note of this musings
Meanwhile in Ecuador, anticipation builds around a possible BHP or Newcrest bid for SolGold and Sunstone looks set to rise on back of Bramaderos project.
25th September 2020
Barry FitzGerald
'SolGold/BHP/NCM
Things are heating up around future ownership of the Cascabel project in Ecuador, the monster gold-copper deposit currently owned by the Brisbane-based and London-listed SolGold (85%) and Canada’s Cornerstone Capital (15% direct, 21.4% including its SolGold stake).
The Alpala deposit on the Cascabel concessions is rated as a Tier 1 deposit, with our own BHP and/or Newcrest positioned to take control by bidding bid for SolGold if they so decide, using their respective 13.6% stakes in SolGold as a starting point.
A standstill agreement prevents BHP from moving on SolGold until October 19 and ahead of that, SolGold has made a scrip-only takeover bid for Cornerstone – a project generation group that drilled the discovery hole in 2014.
Cornerstone has rejected the SolGold bid in no uncertain terms and at the same time has done a bit of a Mad Max by telling BHP that if it does want to move on SolGold, it should “talk to me” about its 21.4% stake.
In an interview with Kitco, Cornerstone CEO Brooke Macdonald pulled no punches, remembering Cornerstone, like BHP and Newcrest, is not happy SolGold sold off a 1% net smelter royalty on the project to Franco-Nevada for $US100m to keep its independence going.
“After October 19, BHP will be free to talk to Cornerstone about our 21.4 interest and join us in our efforts to change the SolGold board to create a board that will act in the best interests of all shareholders and stop breaching their agreements with Cornerstone,” Macdonald said.
That’s all interesting stuff. But it was Macdonald’s comments around SolGold’s “dead in the water” scrip takeover bid for Cornerstone that made for interesting reading for those prepared to look beyond the ASX.
Macdonald said the SolGold bid represented 1.4c per pound of copper equivalent versus the 7c a pound seen in other recent copper transactions.
“Cornerstone has a unique position of interest to any potential acquirer of Cascabel so we are not going to sell the company cheap,” he told Kitco.
He said that when SolGold trades in London at 27p (last sale was 25p), Cornerstone should be around $C6.50 (last sale was $C5.99).
“We are also trading below the $C8.67 that our top three shareholders paid when they swapped their SolGold shares for Cornerstone about three years ago. BHP’s price for their block of SolGold would imply a price of $C11 a share,” Macdonald said.
“And 7c a pound for precedent transactions would imply $C18 a share,” a smiling Macdonald said.
So while there could well be a bid coming for SolGold from either BHP and/or Newcrest, it looks as if the ball will start rolling with Cornerstone being in one of the bidder’s err….corner, and at a price well above its current levels.'
https://www.resourcesrisingstars.