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Good morning Darren, the article is only saying what Solgold have been saying.
That is we have twenty tenements, that consists of ten properties that are up for sale.
But these do not include Alpala or Porvenir.
This has always been Solgolds position.
Only a few people on here try to pretend it's not he case.
It's always the same useful idiots.
Cheers Add,
To be specific my communication was via email.
I suspect that if that article is likely to cause actual damage to the company, an RNS would be in order.
Could this be a poor attempt at a short attack?
Adikt. I'm thinking of selling a piece of my real estate. It's called Sydney bridge.
Its been in my family for years. But we now feel its a good time to sell.
You can rely on our good intentions.
The Australian government have welcomed the sale.
I've been asked to contact you first. Because we believe you swallow anything, if it suits you.
And I'm sure you would like the bridge in your garden.
Knockdown price to you, $39.
You could ask eloro to check our credentials.
He's sure to have a contact, or know how to bypass red tape with emails, that he gets a responce to the same day.
Email address,
I believe anything.com
Lock, stock and barrel, the chinese will take the lot!!
GLA
DK
Good morning to all. DBW the chinese have had massive connections, loans etc to Ecuador , certainly for the time I have been here circa 20 years! I see this going to them ultimately!
GLA
DK
Darren, Eloro spoke to the company and they supplied the answer. The SR is ongoing and all options remain on the table.
Anon, in one of your posts yesterday you said you'd assumed all 20 of the parties using the data room were potential buyers. SC made no mention of this and in my view, he deliberately avoided specifying the intentions of the interested parties.
What he has implied is that by reducing the initial scale of the project he thinks he'll attract people who don't have the scale to execute an outright purchase. I'm also sure there'll be financial institutions involved who've been asked to look at the project with a view to funding our end of the development costs, should we go down that route. In other words, he's positioning Cascabel so that various different options become available and the board can then objectively judge the relative merits in order to maximize shareholder value i.e does a jv offer a greater return than an outright sale, or vice versa. This makes sense to me. He wants to be able to say the board have assessed each proposal and x,y or z offers the greatest return. In other words, he's fulfilling his statutory responsibilities which require him to act in the best interests of all shareholders and he wants to avoid any accusations which may arise that the company hasn't reached a 'fair and reasonable' decision, which is what happened at BCN. Post-event, should it ever get nasty, he'd be able to provide evidence that he did the job properly.
Morning Darren
We all know it’s for sale, we just don’t know who, when or how much. Looks like the Ecuadoreans are cosying up with the Chinese
https://twitter.com/produccion_ecu/status/1719855740884500722?s=46&t=XX3-iZapJ1HaXMFlnE7nKQ
Morning all . Bphil good find. Here is my take on this , for what its worth,. Firstly I am am not so familiar with el oriente and their credability. ? Why would you publish an article saying a canadian media source had contact with Solgold and they had confirmed that its not for sale without naming your source of media and your source from solgold? I dont believe that could of been said even if true without an rns because market sensitive, and certainly not before an rns or the much awaitade sr! I have read that article 3 or 4 times now and although its ambiguos and open to interpretation I simply dont believe its credible!! Anyway crazy times and lets see what happens,.
Alb
DK
Well , Anon ; after reading the article a few times via a couple of different translations (both near identical) my considered opinion is that the headline is misleading .
It seems to have largely come from the quote “This has given rise to some unfounded speculation and rumors about a possible sale.”
That quote is ambiguous- I mentioned earlier in a post that a comma after the word “speculation” might have been appropriate
So on balance I don’t think anything major has been going on. Nothing has changed (IMHO of course)
I answered it before you asked it
The article is b.ollocks
If it’s anything it’s Maxit up to no good
So I've asked a few questions in my post at 20.40 and all you get is posters just slating each other.
Total joke.
Evening all..
Yes mog999 on three sides
Pinot
:0)
There's a suggestion that google translate may not have accurately translated the Spanish script. Below is the section in Spanish. Can anyone read and translate and confirm the accuracy?
La minera SolGold aclara rumores. La firma canadiense señaló en un comunicado que el proyecto Cascabel, ubicado en la provincia de Imbabura, tiene el potencial de convertirse en una de las minas de cobre de mayor relevancia de América Latina y que por esa razón han mantenido conversaciones con empresas que buscan invertir en el desarrollo de la mina en Ecuador.
Esas declaraciones se originan luego de una nota de un medio especializado canadiense que señalaba que SolGold mantenía reuniones con empresas en búsqueda de compradores del Cascabel.
En ese contexto, SolGold aclaró que mantiene conversaciones con inversionistas y financistas “como es natural para este tipo de proyectos en la industria” y descartó una posible venta.
La minera señaló que Scott Caldwell, director ejecutivo y presidente de SolGold Ecuador en un informe periódico que presentó la compañía, mencionó la visita de posibles inversionistas para fortalecer el proyecto Cascabel. “Esto ha dado lugar a ciertas especulaciones y rumores infundados sobre una posible venta”.
Al momento, la compañía espera el otorgamiento de los permisos ambientales; así como también avanzar hacia la suscripción de un contrato de inversión. “SolGold continuará su planificación estratégica comprometida con la continuidad del Proyecto Cascabel, y la inversión en las comunidades aledañas al proyecto que es una prioridad para la compañía”.
Oh, I'm also highly dubious because it says SOLG is a Canadian company.
Last I saw, it's a PLC, which means it's British,.
That Spanish article looks highly dubious to say the least.
"These statements originate after a note from a Canadian specialized media that indicated that SolGold held meetings with companies looking for buyers of the Cascabel."
So no direct quotes.
Although it does raise a very valid point. Why everyone assumed (myself included) that the 20 in the data room are all prospective buyers, it is very possible that they're mostly or even all entities that might just want to fund it in some way.
Whatever, if this was most other companies and not SOLG, I'd expect an RNS either denying or confirming it's truth, because it could be seen as possibly affecting the share price.
I'll bet we don't get one though, in which case I don't know what to think.
Could the article have been fabricated with the aim of playing down expectations of a sale?
If it turns out that this article is true, does that mean any of you would bail?
Questions, questions.
Didn’t Gina Rinehart peg the land around cascabel some years ago ?
Fort, I have contacted the company and asked if there is any truth to the Spanish language article that Cascabel is not for sale. The response which I received confirmed that Investors should read and rely on the last detailed press release from the company, and that all options are on the table.
I suspect that someone one is trying to cause doubt leading up to the AGM with that article.
Well... if the government are involved then that might mean a deal with ENAMI and Codelco or something that allows both to save some face or one ot exit from one project but enter another etc etc. Most folk know the situation around Llurimagua right now and we also know that the new President has a stake too. Mmm.
Perhaps someone in high office as said ... erm... you're upsetting some of our potential partners with this talk of a sale.
Tier1 mines attract big money players. Not minnows. Remember that. And that includes nationals.
We're down 78% in 18 months; 46% in a year and 60% in 7 months...
So why wouldnt she...?
Damned phone! Food already been on a 100%+ run
Gold!
Just wait until food goes on a run. Then we’ve got a project. The copper is a bonus while the climate mouthpieces are still active but it’s without doubt that Net zero will be tactically called off somehow
This is a gold mine
C'mon DBW, we've had hard takeover rumours for at least 3 years...not even counting "fast and smart..."
https://www.mining-journal.com/m-a/opinion/1399422/takeover-battle-solgold-about-begin
On those numbers, Gross Annual Revenues are £2.16 BILLION!!!
And this for a company with a MCap of £270 MILLION...
Caldwell's hand has been forced and I suspect the choice of news outlet was made in order to address those who may have been most concerned i.e the government. He went as far as he could with the denial, but ultimately he was unable to state categorically that a sale is out of the question - he merely referred to 'speculation'.
I'm afraid to say that this strikes me as the inevitable result of the opacity which has existed ever since the SR was first announced. In fact the wording of the original announcement was guaranteed to cause confusion, and this article reflects that. I guess we'll only know the truth when a deal is unveiled.
Lithium is 72% down yoy so guess she is bottom picking. Know anything else that is over 72% down yoy?? She does like a bargain.