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IMO when Newmont sit down to assess whether they want to stay invested in any of their projects it’s not about the value right now but about the opportunity value and given Solg are sitting on a Tier 1 asset it would make perfect sense for them to retain their interest so they can either participate as an active player or sell for a handsome profit on their balance sheet when corporate action occurs
Yes agree SharketMare but do you know the worth of the other assets being divested?? If some of those are around $30m or so then you know that SOLG was retained for a reason. If they are all over $100m+ etc then you know that you original guess work 'might' be right.
@mrprt it's the opposite, you have misread the tweet. SOLG is NOT in the list of 6 projects that they are divesting from
I see the most unintelligent poster on here still doesn't accept evidence or facts.
Getting boring.
"+$1bn initial capital expenditure savings compared to previous estimates"
Have to wonder how intelligent the person or team was who did the previous estimates.
Pocket change and not worthy of the review. What are the investment levels in those they have announced? If you think otherwise, you've misunderstood what a super major is.
Nice the think Sandeep remembers solg but cascabel as it stands won't be an investment target. We're a very very long way from moving rock, yet alone concentrating anything. There are several targets that press release might have been alluding to, but solg ain't one.
We will have to wait until the next fundraise (won't be long) to see who gets the next cheap slice here. If it is Jiangxi then we can expect a horrible display of government knife twisting for at least a year.
I don't believe their 10% stake in SOLG (worth approx £20-25m) was even considered in this review process.
Mrpt
Don’t believe anything posted like that, where big money is involved, people intend to lie, like in poker, you don’t show your hand until you have to
Atb
Apologies.
Hi Add ….. sorry was talking to 1984
DBW, I haven't filtered the bloke because his stuff makes me laugh, particularly his inability to differentiate between someone who's positive about the share and a deramper. The other Aussie idiot remains the only person I have in the bin, mainly because he's never said anything amusing or interesting in his life.
Mrpt, how have you concluded they're not interested from that post? As far as I can see, Hubris says the exact opposite.
Not interested or not not interested?
Lol ….. do you still read his twaddle?
Here was one that sprang to mind
https://www.mining.com/solgold-advances-plan-to-sell-flagship-ecuador-copper-project/
Do make sure the article is “peer reviewed” and backed by “97% of scientists” before presenting it to the blinkered old twit
Adikt. I wonder if you could bit of meat round your claim that somebody posted an article, saying solg was for sale.
There must surely come a time when you stop supporting the clowns.
Q, as much as I don't like having to agree with the idiot BBG, on this occasions he's right. There was even an article someone posted last week which said as much.
Bbg can you publish any news articles that say we are for sale.
All the ones I have read say no such thing.
It is up for sale. News articles have confirmed this and the motive regarding an SR eludes to a formal sale process playing out as we speak
Well, they've included Tanday in that presentation so makes you wonder why Tanday wasn't included in the PFS? Guess it comes down to proven resources and holes drilled.
Not sure there is much more technical or derisking to do on ENSA now. But guess they have to say that otherwise we'll all be wondering what the feck they are going to do now after the PFS has now been sorted. What they really mean to say... is.. we need to spunk away another $50m on sommat so it appeases the ecuador gov on our earlier commitments. We'll call it derisking Cascabel and 'technical work' lol!
Seriously... they are just wasting time and money now as any future partner or buyer investing $4bln+ into Ecuador is going to do their OWN technical works.. their own derisking and certainly not be relying on SOLG's work. They've done all they can on ENSA now. Infact, they did bulk of it 2 years ago.
Just put ENSA up for sale... and get on with some meaningful and growth generating EXPLORATION. ENSA is a cash drain here on and as everyday passes... it's money wasted.
Any mention in the presentation of a 'strategic review' underway.
Here's an idea... announce that the strategic review has ended and they are now going to review the results, do some technical work and derisking now before reviewing again and launching a strategic appraisal of the review process using an outside body to verify that all has been reviewed properly in shareholders interests.... I'm going to sleep writing this...
Just announce intention to sell ENSA and get on with it! What's your problem Bob... lost your bat?
Roxi, the recent interview with Middelkoop and the one with Rule et al, were very interesting on this topic.
The message is " There are investment funds with deep pockets"" willing to invest in future Copper gold prospects!!!
Here's what Bob Sangha had to say about Sandeep Biswas in that infamous 2022 article:
"To avoid confusion between Singh and the Newcrest chief executive Sandeep Biswas, Sangha pointedly refers to the Osisko boss as “smart Sandeep”.
Those sorts of sledges are all part of the Sangha experience; he has declined to be in a photograph for The Australian Financial Review on more than one occasion. But despite his reluctance, he assured this publication he was better looking than Biswas, BHP boss Mike Henry and Newcrest chairman Peter Tomsett."
Pino. What a breath of fresh air, seeing you back.
I look foreward to your honest thoughtful posts, and always did.
I suppose what I'm trying to say is that if they come sniffing around us we should avoid them at all costs. They are not people I'd want to be in bed with.
TI, you're right. At the time they were looking at investments in shipping, a sector I knew well. Their interest was twofold: investment behind already successful owners and also in distressed assets. We got close on one deal, but ultimately their hardball act backfired and they were told to p1ss off.
Pinot, at least Biswas knows all about us!