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Agreed Copperpot, people need to answer why no bid up till now.
Then they need to answer why not.
Many things stop a bid.
The diverse book, as this does two things.
First it stops a cheap bid.
Second it stops major shareholders selling cheap, and causing a stalemate.
As you know I follow the statements made by the company and the actions taken.
We have announced that we are looking at a JV.
This has been part of the strategic review.
We know we are looking at hydroelectric to reduce costs.
This is also in the remit of the strategic review.
We are not advertising Alpala to be sold.
For the people on here that say, "well of course we wouldn't say that".
May I remind you we have said that for other tenements, so that argument holds no water.
However since the CGP deal which will be completed soon, if no complications. We now will own 100% of ENSA.
This makes it easier and cheaper to finance.
I still believe Solgold will take Cascabel to production, however we do it as a JV because that is what the company is saying.
for me, it means just that! "potential" ....It doesn't mean "probable or "imminent"!
I read into the the word "potential" the same as I do the word "possible"! Look guy's there could be a bid on Monday, but I honestly don't see the signs on the horizon. If a bid lands, happy day's for all (if it's the right price). I just cant begin to see one landing anytime soon, if ever. A complicated multi J/V for me Im afraid. FOMO applies to all the majors these days. If there was a outright buyer, it will be the Chinese. They always pay top dollar. They buy for the state and dont have shareholders to pacify!
Fishing time...hooray.
Hi all.... I’ve ****gged off this company for years. I’ve also held for years. I think we’re close now,
Good find Pad
............copper space is getting hotter as the majors step up their hunt.
https://stockhead.com.au/resources/asx-copper-plays-looking-mighty-attractive-as-price-heads-north-and-ma-ramps-up/
“It is expected that good new discoveries will be well rewarded, and be the focus of strategy investors and M&A.“
“In the last month Ecuadorian porphyry developer and explorer SolGold has attracted Jiangxi, the largest copper producer in China, as a third strategic investor on its register in addition to BHP and Newcrest, prompting speculation of a potential bidding war.
SolGold is a case study for the value created from the discovery of a gold-rich copper porphyry, which re-rated 20x between holes 13 and 67 at the Cascabel project, despite an unfavourable copper price and general resource markets at that time.”
20.15p on a mere 15k...
Don't be fooled
Even at this late date they will crap on us from a great height
TSXV Cornerstone up a little...TSX SOLG flat
Looks like they getting the books in Order sedar would have ripped them apart again if they suddenly annouce something without notification imho ,we are very close indeed now I think gla.
Not forgetting the shares they already own via Valuestone (circa 12m as I recall)
NO idea but we've had close to 100m shares traded over the last 2 or 3 weeks. Easily 3 or 4 times the norm.
Of course volumes should be higher based on 18p vs say 36p with the latter being the last time we saw decent volume via Norges and Blackrock... which I believe was them closing their instruments ahead of a rights issue that never happened lol!
That will teach them.
A few weeks yet before AGM votes to be added up so I'm expecting volume to be robust over next 2 weeks coming.
180m shares landing on Friday... we know that much.
Agreed Fort …. Wonder if Jiangxi have picked a few more up in the meantime?? Someone has
Might be nothing of importance but perhaps the scrutiny (audit after audit) of SOLG accounts has more to do with the Merger or perhaps due diligence by a buyer?
Eitherway, the accounts have been given a thorough going over like no ever year before as far as I can see. Important to have all skeletons out of the cupboard before buyers feel happy to make a bid.
Tick tock.... 180m shares to hit Chinese share account before Friday. Can't wait to see the TR1's after that little bit of dilution. Then we'll see who's been tinkering around (subject to crossing disclosure thresholds etc etc).
Noted Orthern - ta
“Amendment of minor casting errors”
“ Correction to the number of ordinary shares in issue”
What makes you thinks it’s a re-submission due to error? Surely it’s merely due process?
Not the first time Solg have had to correct basic errors in previous RNS
FFS, RK you need help man! This isn't so much helping others.....it's an obsession...an addiction!
Well said Pad …. Good to see you on here …. Not long now I’d warrant
18.51 for 100k now...
Thanks for your price updates on the bid Rk - appreciated
18.38 Bid for 100k...
Lets see if it settles or moves up again
Meanwhile firmly bid for 500k at 18.29 vs market price of 18.28/18.50
Thats all for now...GLA
Moving up again...
Interesting...in March they held 73,948,696 so either the 7th October figure was wrong or they haven't declared their position, which of course they don't have to as 74m to 90m to 83m doesn't break 4%...
So why an RNS now unless....Solgold may be getting notifications all the time for all we know and may have chosen to announce Norges holding as showing an increase...
Whatever the situationm, Norges holds 8,926,304 shares more than when they first declared on 1 March...