We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Exactly.
Interesting to note that Adventus had recently secured both their ESIA and IPA and Silvercorp moves soon after.
Surely this is the trigger for a Solgold deal - we all know IPA and ESIA is imminent!
Its obvious Scott and Mather are hiding as they have a deal in hand and are waiting for last items! Game on!!!!!
60p in 30 days!
60p SOLG forecast possibilities , within next 12 months.
Fingers crossed 🤞🏻
Dyor GL
https://markets.ft.com/data/equities/tearsheet/forecasts?s=SOLG:LSE
Hang on! This can't possibly be right! We've been told no one wants anything to do with Ecuador.
$4.58 right now and heading toward $9790 on the tonne. Looks like $10k break is imminent.
It's happening guys... it was always going to happen. Copper shortage looming and even with slow down on EV'sthere's so much lag due to covid that copper is just not going to get replenished in time to meet demand. Mines are so far behind and development opportunities few and far beyond.
Need a shyte…..to dominate copper production now and also in the future by bringing online resources not yet mined
It’s called a strategy. Appreciate the less intelligent amongst you can’t look far beyond your breakfast on any one day
Adventus President, CEO and Director, Christian Kargl-Simard, said:
"I am very proud of the accomplishments of our entire Adventus team, together with Salazar Resources and other partners since 2017, highlighted by the advancement of El Domo from an inferred resource to the construction ready project that it is today and the consolidation of our significant exploration portfolio in Ecuador. Our commitment to, and public record of transparency, technical excellence, environmental stewardship, and the highest standards of social responsibility have been the backbone of our success. I believe that Silvercorp strongly shares our values, in addition to bringing financial strength and experience from global operations. Combining the companies positions us well to deliver on El Domo and our other projects in collaboration with the government, local communities, and all stakeholders."
About the El Domo Project
The advanced high-grade copper-gold El Domo project, 75% owned by Adventus, covers approximately 172 ha with a buffer of 118 ha (2.9 km2 in total). El Domo is located in central Ecuador, approximately 150 km northeast of the major port city of Guayaquil - about a 3-hour drive. The project spans low-lying hills and plains between 300 to 900 m above sea level.
In 2017, Adventus entered into an agreement with Salazar Resources Ltd. ("Salazar") pursuant to which Adventus earned its majority interest in the Curipamba project by funding exploration and development expenditures of US$25 million over five years and meeting certain development obligations. In 2021, Adventus announced it had completed its earn-in option to obtain majority ownership (75%) of the Curipamba project. Adventus will fund capital costs to production and receive 95% of the free cash flows until all of its investments since 2017 are repaid, after which the project cash flows will be shared 75% to Adventus and 25% to Salazar.
In December 2021, Adventus published a feasibility study covering the open-pit Mineral Reserve of the El Domo – Curipamba project, outlining attractive operating metrics and robust economics:
Proven and Probable Mineral Reserves of 6.5 million tonnes at 1.93% Cu, 2.52 g/t Au, 2.49% Zn, 45.7 g/t Ag, 0.25% Pb
A 10-year mine life with average annual production of 10,463 tpa copper and 21,390 tpa copper equivalent over the life-of-mine
Transaction is accretive on a net asset value per share, as well as on a Mineral Reserves and Mineral Resources basis
Adventus' PEA stage Condor asset provides further optionality and upside, including:
- 2021 PEA for Condor North highlighted a 12-year mine life with average annual payable production of 187 thousand oz of gold and 758 thousand oz of silver at a by-product AISC of US$839/oz over the life of the mine
- Indicated Mineral Resources containing 2.3 million oz of gold and 12.8 million oz of silver and Inferred Mineral Resources containing 4.3 million oz of gold and 18.1 million oz of silver
- Re-rating opportunity resulting from increased scale, significantly enhanced growth profile and establishing a presence in an emerging, mining-friendly jurisdiction
Silvercorp Chairman and CEO, Dr. Rui Feng, said:
"This transaction will create a new globally diversified green metals producer. It presents the opportunity for us to leverage our technical expertise and strong balance sheet to unlock value for all shareholders by constructing the El Domo project. We look forward to working with the Government of Ecuador and local communities, as well as leveraging the existing Adventus and Curimining teams, to grow our business in Ecuador which will generate sustainable economic, social, and environmental value for all stakeholders.
We would also like to acknowledge the hard work and contributions to the El Domo project by our future partners at Salazar Resources. Silvercorp will continue to work collaboratively with Salazar as El Domo is advanced into construction and ultimately operations."
Benefits for Adventus Shareholders
- Immediate and significant premium to Adventus shareholders of 31% on a 20-day VWAP basis
- Exposure to Silvercorp's high quality and profitable silver mines, strong balance sheet and track record of returning capital to shareholders, while retaining participation in future upside from El Domo, Condor and Adventus' exploration portfolio
- De-risks development of El Domo by leveraging Silvercorp's technical capabilities and financial strength, its history of successful project construction, and its in-depth access to equipment supply chains that could result in cost savings for El Domo construction
- Potential for a further premium through a re-rating of Silvercorp shares as El Domo is advanced to production
Option to realize cash proceeds given trading liquidity of Silvercorp shares (~US$8 million per day on the TSX and NYSE American)
- Continued commitment to best in class ESG practices by Silvercorp, which has an ESG rating of A from MCSI as well as EMS ISO 14001 and ISO 45001 certifications across its operations
'I'm off, my sanity level has been tested once to(sic) often'.
Philosophical question: Is it possible to test something which doesn't exist?
SILVERCORP TO ACQUIRE ADVENTUS, CREATING A GEOGRAPHICALLY DIVERSIFIED MINING COMPANY BY ADDING THE ADVANCED EL DOMO PROJECT
Trading Symbols: TSX/NYSE AMERICAN: SVM
TSXV: ADZN / OTCQX: ADVZF
Adventus Mining Corporation - www.adventusmining.com (ADZN-tsxv) (ADVZF-otcqx) (CNW Group/Adventus Mining Corporation)
VANCOUVER, BC and TORONTO, April 26, 2024 /CNW/ - Silvercorp Metals Inc. ("Silvercorp") (TSX: SVM) (NYSE American: SVM) and Adventus Mining Corporation ("Adventus") (TSXV: ADZN) (OTCQX: ADVZF) are pleased to announce that the parties have entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Silvercorp has agreed to acquire all of the issued and outstanding common shares of Adventus (the "Transaction") by way of a plan of arrangement (the "Arrangement").
Under the terms of the Arrangement Agreement, each holder of the common shares of Adventus (each, an "Adventus Share") will receive 0.1015 of one Silvercorp common share (each, a "Silvercorp Share") in exchange for each Adventus Share (the "Exchange Ratio") at the effective time of the Transaction. The Exchange Ratio implies consideration of C$0.50 per Adventus Share based on the 20-day volume-weighted average prices ("VWAP") of Silvercorp Shares on the Toronto Stock Exchange (the "TSX") on April 25, 2024. This represents a premium of 31% based on the 20-day VWAP of Silvercorp on the TSX and Adventus on the TSX Venture Exchange (the "TSXV"), both as at April 25, 2024. The implied equity value of the Transaction is approximately C$200 million on a fully-diluted in-the-money basis. At closing, existing Silvercorp and Adventus shareholders will own approximately 81.6% and 18.4%, respectively, of Silvercorp shares outstanding on a fully-diluted in-the-money basis.
Strategic Rationale for Silvercorp
-Provides immediate asset, geographic and metal diversification
- Pro forma asset portfolio consists of exposure to China and Ecuador, increased gold exposure, as well as metals (silver, copper, lead and zinc) that are key for a low-carbon future
- Addition of the high margin, advanced El Domo project should significantly enhance Silvercorp's near-term production profile
- Investment Protection Agreement for the project in place with the Government of Ecuador
- Key permits secured, including the Environmental License and tailings storage approval
- Existing US$175.5 million stream with Wheaton Precious Metals International Ltd. ("Wheaton"), combined with Silvercorp's existing cash and cash equivalents of approximately US$200 million is more than sufficient to fully fund El Domo through construction
- Silvercorp has the technical capabilities to bring El Domo into production on an accelerated basis, having built eight mines in its current operations, along with three flotation mills of similar size to El Domo (with a new 1,500 tpd flotation mill under construction at Ying), and three tailings storage facilities
Anglo produce 2.6 million tonnes of copper per annum.
Solg in mothballs. Light years away from production.
Tell me rk, 1984, and you other clowns,
Why would bhp come after solg.
They clearly want a producing mine, while the price is hot.
Not a mothballed s""t show.
What a bunch of desperate clowns you are.
I'm off, my sanity level has been tested once to often
PS Offtake funding Monday/Tuesday...
$100 million?...then watch the SP fly...
All good for SOLG...
Reignites Mining M&A
Makes those hanging back for deals get a move on.
Kicks the Chinese...they won't want the Anglo deal to go thorough, threatens their copper dominance.
Anglo has rejected it largely on copper, saying it undervalues them.
Based on history, BHP likely to come back with a higher bid...don't like losing..
If they can't get Anglo where do they look instead...SOLG...?
And this might just chivvy Jiangxi to come off the fence and bid for SOLG...
The only way is up and the market is beginning to catch on...
Not sure if shared already:
https://www.bnamericas.com/en/news/solgold-looks-to-make-cascabel-a-net-zero-carbon-mine
William Middlekoop posting lots on Twitter about gold miners about to breakout, China buying/importing gold, 2nd biggest worldwide silver shortage in more than 20 years.
Otavia Costa posting similar on gold miners breakout - very interesting as it shows Newmont likely to lead, followed by Barrick and others. In order to retain that lead, they will need to invest in big gold mines....
https://x.com/TaviCosta/status/1783586318766797141
Copper socks are all the rage
Bloomberg: Anglo Rejects BHP Takeover Bid as Significantly Undervalued.
One way to fight off unwanted approaches is to counter punch.
Just imagine if Anglo pitched a bid for SOLG. Talk about putting the cat amongst the pigeons... win win.
Well lets face it... after BHP's move, I suspect just about every investmernt house out there will have 'copper' and M&A on the monring list of analyst discussions.... in Wolf of wall street style.... right everyone... today we are going to find every single company that is associated with copper, do a full research on them and then just buy the socks of them all.
PoG set to test 2800oz this year and copper to break $5 very soon imho
The market has been asleep at the wheel... and BHP just woke them all up.
Nice buys going through
Two things for you to read need a shyte
1. A dictionary, your spelling is disgraceful
2. RNS dated 10th October 2016 “investment proposal from BHP”
See what you make of that and whether they’re interested in this resource or not
1984, and one or two other experts. your premise that bhp are concerned about there 45 million investment in solg.
In 2022 there profit was 33, billion. That's 33 thousand million.
They invested 45 million in solg.
Twiggy was estimated to have spent upwards of 20 million on his fmg 20 year anniversary party.
Private jets and Accomadation for 2000 high and mighty guests.
He lost a billion closing a mine he bought the year before.
I should stick to heat pumps and margaret thatcher mate.
It's more your forte
Obviously Anglo and solgold are totally different but the great news is that the mining M&A cycle is well and truly under way. First acquisitions and mergers of existing producers then they snap up proven resources
Given the political tensions between east and west and the recognition that metals must be secured, we may see a real frenzy this time around and companies seek to secure undeveloped resources to protect their futures
Fort.
Nobody is overlooking solg.
What are you in denial about.
Many, many have looked, and many, many have run for the hills.
Do you seriously believe that there is not one major who hasn't run the solg figures.
Cuckoo land
Fort comparing Anglo with solg.
The insanity gets worse.
And eloro, you tell me he's one of the good guys?????????
Article on the complexity of AAL
https://www.news24.com/fin24/opinion/pieter-du-toit-last-rites-for-sir-ernests-anglo-american-from-global-giant-to-bhp-target-20240426
Talatum,
there's a few FTSE high influencers already complaining about the poor valuations in the FTSE and that they are gifting value to rest of the world and as such FTSE losing ground as predators often listed elsewhere etc. There's always been alot of protectionism toward chinese companies taking over FTSE stocks and it's quite rare so not going to happen. That said... somehow.. over the decades the chinese seem to own pretty much everything in the UK in some form or another whether that be infrastructure, ports, docks etc.
Bottom line is... this is very very very good for SOLG as there's no way on this planet BHP are letting SOLG go for peanuts.
So lets get a chinese bid tabled and then lets see who comes out of the shadows in this now very highly aggressive and competitive mining market.
Unleash the dogs Bob... let them go. Let them fight it out.