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Think it was the raise involving DGR Global and such.... just wasn't aware of the CGP comments as well as Irwin's.
Irwin has called it wrong with SOLG all along , so take it with a pinch of salt
Schlem, it's easy to forget in all this that not long ago FN coughed up $100m for a 1% NSR on that somewhat forgotten deposit called Alpala! There is a Tier 1 (measured and indicated confidence) deposit backing up the current valuation too.
"SolGold placed on Thursday almost 75 million shares, at 21.5 pence apiece, until tomorrow, June 5 at 7: 00 am GMT."
Before anyone has a panic attack, that article is from the start of June, as the above snippet shows. No idea at all why it has a mid-October date at the top.
Share price manipulation,?? Ned
H, now read that back with Disco inferno in the background
Genius .. soundtrack to success
GL
Hi Hydrogen. Please don't take this the wrong way, I am not the enemy!
But most if not all of your Q's have been addressed in the latest series of webinars/podcasts and ironically the vid you posted the link to.
I am struggling to understand why you aren't more up to speed with Solg having been with them now for the last 6 months?
[Especially in light of how meticulous and knowledgeable you are on GGP}.
Z
I have two questions Matt...
1. Have Solgold considered a US listing, so as to attract buying from Wall St institutions and from Robinhood gamblers, and thereby increasing the shareprice presumably? (A hefty reverse split would be needed first.!)
2. Concerning Cornerstone, what is there to stop Cornerstone from selling out to BHP or Newcrest, and thereby making either corporate shareholder's position uncomfortably large?
Hi Father Ted. I am not sure who Matt is. But your questions are relevant. I would also appreciate other views about them.
As to 1. I do recall that when Solgold got its dual listing on the TSX, a purpose of it (as stated at the time) was to enable North American money to be invested in it, including from the USA. At the time it was presented on the basis that the TSX is a junior mining friendly exchange and has a history of attracting a lot of investment for start up mining ventures out of the USA. I am not sure that listing in a 3rd place at the present time would be of much assistance but am interested in other views.
As to question 2, my understanding is that there is nothing to stop Cornerstone selling out to Newcrest and (as of now) to BHP. But my personal view is that for either Newcrest or BHP it would be an expensive step. And once they bought out Cornerstone their intentions to takeover a majority in stake in Solgold would be revealed and the share price of Solgold would rocket and become very expensive for them. I think they would prefer to go for outright control than to do it in that way. Just my opinion.
Hi,
Cornerstone and ENAMI have continued to mine illegally and damage a protected area, as per the link attached.
Surely 100% government owned ENAMI would not want to be associated with this company, totally flouting the main worries for mining in Ecuador, should cornerstone be banned from mining in Ecuador all together.
If so should they not be allowed to hold any shares in a company registered in Ecuador, this would prove a point to all mining companies to respect Ecuador, nature and its people
https://corpwatch.org/article/enami-and-cornerstone-sued-over-r%C3%ADo-magdalena-copper-gold-mining-project-ecuador
Very interesting and pertinent point, Mathersfinger. Surely the powers that be must act harshly to establish rule of law? If they do, what would the implications be for us Solgers linked to them? I wonder if this was one of the factors for the fall-out between NM and Irwin?
Eish, it could well be, I hope it was.
Schiemel, good find, BHP been investing in a few companies lately, also been clearing old debts when time wasn’t up, maybe looking to borrow money on a long term basis?
Imo
GLA