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I do agree Hubris hunter, however I also believe that the way the book is divided up amongst our major shareholders makes it difficult to bid as so many interested parties need to say yes.
An agreed bid is a possibility; however, a hostile bid becomes expensive.
This is part of my reasoning that I believe we are continuing to production unless one party acquires a holding above 30%.
Good afternoon, Novice unfortunately the same applies to other companies.
However, I do agree that we should see a rise in the next few weeks for all the events which we all know are coming.
That's all very sensible Q if you are the only player in the game, what happens when (hopefully) another player turns up in the neighbourhood, It is always a game of patience in these matters until some other company shows an interest of which we are led to believe there are more than a few.
I believe we will start to see a climb back up into the mid 20's this week as we approach incoming news. we've already seen a +8% rise last week so the indicators are already there, There are also a far few pro gold/copper reports in the weekend journals...
Have a good Sunday all
Addicknt I also read that article and it makes complete sense if you read it for what it is. and in conjunction with previous BHP statements.
He is being consistent as he realizes that he doesn't need to pay top dollar as explorers have to sell at some point as that's their business.
What he is saying (reading between the lines) is at different points in the mining cycle explorers require finance.
It is what I have always said about the diverse book.
It stops a low bid because every entity knows their shares worth.
BHP are after copper explorers that need money, so they can pick them up cheap.
Or they are after a share of a copper mine at various points of the exploration story.
We are in the second category unless we cannot obtain funding.
This is why in order to obtain value we must construct Alpala.
There's a lengthy interview with Mike Henry of BHP in today's Sunday Times.
Yet again he demonstrates his highly contradictory and confusing message with regard to copper. To paraphrase: "We want copper ...it's where the future is, but we are not going to pay for it". This is explains why he's made two futile bids so far and poses the obvious question, how on earth else are you going to get your hands on the commodity the whole world wants without paying for it?
I'm beginning to think this bloke may be a bone fide moron.
It is a rod I guess, but I’m glad he put some basic valuations (expectations?) out there. However this plays out, we are getting closer and closer to multiple important RNS in the coming weeks. I don’t believe Solg will be bought out in the immediate future, but it would be nice if I was wrong.
Orthern, I suppose it could be argued that by publicly stating a range of values for Cascabel, DC has made a rod for his own back. He has been very clear and it would be difficult to sell a deal to shareholders if the minimum value he mentioned is not achieved.
I wonder if his openness was to give a steer to any interested party?i.e "don't bother getting in touch if you think you can get it for less." Mind you, I'm not sure how sensible it was to provide an upper limit. I know his figures were purely indicative, but nevertheless...
I think you put the negative case quite well there Orthern.
I'm way more positive but anyhow.
Dbw yep same here ,let's hope next week starts well
Wow… can’t even say ars_ on here
I’m feeling positive we will get the monetising event I’ve been screaming for sooner rather than later with Irwin etc on board… but if I’m honest, not that positive about what the eventual price will turn out to be.. I think a lot of people on here are going to be disappointed if they keep clinging to the same values they had fantasised about 4 years ago when we had far less shares in existence and the share price was not on its ****…
Orthern
Yep I was expecting news at the end of this week but I guess it can’t be too far away now ….. feeling really positive about the next few days/weeks ….
I think that is good news… given it’s trajectory over recent years, the west needs to ensure it is reducing its dependency on China for future, essential resources.
Having said that, I know it’s hypocritical, but I’d sell them my shares tomorrow if they wanted to pay a premium…. It is what it is when it comes to my personal investments.
I’m hoping the perceived delay in news flow, since the initial CGP announcement, could be because a new interested party may have approached the board…. Here’s hoping.
Wonder if we have any REM’s in amongst all that copper!
https://www.lse.co.uk/news/canada-slams-the-door-on-china-in-critical-minerals-race-andy-home-6npyp0ds0dy3zcn.html
Well another week passes. Some volatility in the markets as the Fed hike rates and the BoE reciprocates. Metal prices jumping about to find a new spot.
Meanwhile, SOLG remains tight lipped.
I feel next week has to see an update from the business. We need to know,
1. Where we are with our financing strategy for our runway into 2023 and,
2. How we intend to pay CGP stockholders (which is determined by point 1).
An operational update wouldn't go amiss either. How do the updated Cascabel PFS and the Porvenir PEA feed into the strategic review process and are these work streams still on schedule? It seems logical to me that these reports are released sooner rather than later so that they are in the public domain and the updated basis for valuing the assets and therefore the company.
Any updates on the Helipuerto geophysics would be welcome as well. Personally I think there should be a budget in the upcoming financing for drilling a couple of holes in that target. A confirmation of the hypothesis leaves us with more to gain potentially than 2 dud holes costs because we all know the current valuation provided more upside than down.
AGM drawing ever closer too. We'll need to see some resolutions over the coming fortnight or so.
Lots going on. Crunch time is creeping closer. The market will want to see positive options emerging from the strategic review so the onus is on management to find a solution that broadly works for the enlarged Solgold.
Dakat use it for zephyr on OTC,not impressed with it tbh FTSE 250 alternative I guess
Sorry guys posting about Cornerstone on OTC market -https://finance.yahoo.com/quote/CTNXF?p=CTNXF
Yet again somebody put through a 80k sale at 16.65 2 seconds before the close to try and peg back the price where the bid was 16.86...
Up 5.8% on 5 million volume...second best since Oct 6...
537,395 at 16.82...pretty good day...
Oh dear...don't build your hopes up...
ooooohhh I hope so RK 16.90 is so much better than 16.50 :0)
SOLG UT could be 16.90 plus...
CGP up 6% on TMX...SOLG only 2% at 16.25 equivalent...
Solid volume...
Will we close near 17 or 16.50...