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Let's assume BHP don't want to get involved. If this is the case, ironically, they become our friends. They will want to turn a profit and given their shareholding combined with that of NCM is still just over 20%, they have the opportunity to be a right pain in the ass. I'm sure they'll use this position to negotiate hard and we will find ourselves having to thank them.
Colonel...if Jiangxi are still the favourite they wont need any reassurances, because they are the Chinese State and they've just negotiated a trade deal...so we can safely assume those chairs are in a row...furthermore Jiangxi will have done a thorough DD before buying their 155 million...
As for the rest, surely any other player with an existing presence in Ecuador wont need to wait for reassurances...if they're big enough and commit to starting construction in 2024 surely Lassoo will just roll over...?
Ash you're right QP...first dealings tomorrow...silly me...gul!p
Doesn't seem to be much selling by stale CGP holders...but considering the 99.98% vote in favour, maybe the vast majority of CGP shares were held by block holders...
If they're all in here for the bid that should put a floor under the SP...especially if the shorters and arbitrageurs are out...
We'll see...
I think there's a few cogs turning at the same time and I wouldn't look at timeframes or duration as a sign that things are protracted or not going well. Doing a deal on Alpala will involve the Ecuador gov. Any new partner will want reassurances from Lasso and co. We have already been told that SOLG and Ecuador gov/mining ministry are in discussions with regard to 'protection' moving from exploration to exploitation phases. There's lots of moving parts but I think Ecuador gov/ Lasso will be hugely excited and motivated to help get any deal on Alpala through eg delivering rapid support. That said... if the chinese are involved (most think they are) then we know Lasso / Gov are in process of fine tuning the free trade deal which to be honest dwarfs any SOLG deal in terms of importance. But a $3bln+ investment in mining is large for Ecuador and I suspect the Chinese will use leverage / deal making on the free trade discussions to ensure they benefit from certain commitments on investments and provision of debt etc.
It's not all down to SOLG and their advisors. It's about several parties, whether that Chinese, Ecuador and SOLG or some other mix.
But FWIIW, I think SOLG/Maxit et al have been in discussions or in planning phase for the end game for well over a year. I think something was offered to BHP in June 2022 (they also met with lasso around then) and that was plan A which then collapsed leaving plan B. Just a hunch but think it explains the rapid action and volte-face in late July/Aug.
Shares in issue and Mcap wrong...hmmm...
Agreed there Colonel...
But when will the first bid come...?
Maxit been working on it for almost 5 months now...there must be several interested parties now that Cascabel is 100%...
It will be interesting if a price is agreed to see if that flushes out any other onlookers.
Then perhaps we could have a queue. Hopefully all will be revealed soon.
It falls into the much touted line here, that no-one wanted to show their hand to early or until they had no choice.
Looks like it could have been a high stakes game of poker all along. As was often said, patience needed. Just we did not take into consideration just how much patience. Hopefully soon my dear fellow shareholders.
PDAC conference coming up at end of the week and we know Scott is there presenting.
So new presentation and hopefully some bullish remarks on SR although they might prefer to just remain quiet and then deliver the deal via RNS.
Now all CGP holders are SOLG holders.... I expect the news flow to be fast and hopefully impactful. Lets get Rio drilling pronto if not already.
We can always dream
https://markets.ft.com/data/equities/tearsheet/forecasts?s=SOLG:LSE
Someone asked what number of shares Rousseau hold. The last bit of info I could find suggested they had 57m.
Nice try, copper!
Surely...?
Excellent volume on Friday...
Marked down today and...
Bounced...
like there's a long queue of buyers if they're "trying" to sell! I don't have a picture in my mind of companies scrambling to get into pole position in the queue!
Also adds qudos to the theory that the SR is a smoke screen as some have suggested, if they are openly in talks to sell it.
If this finally ends the " we are going to production' argument?
WI actually saying we are trying to sell it to the,,,
I'm not convinced, you know what they say about taking the horse to water !
Clear the decks and raise the sails !!
I've got an order in for 100k and it's taking an age to go through.
If the Chinese are to swoop it must be pretty soon, with the SP down here...they won't want to wait whilst it rises on rumours.
MMs pegging it...
Good one skint.
Great find, Eish, thanks.
I can only assume Irwin has not agreed to become an insider.
I can see that someone has sheet their bed last night… I feel like the pied piper lolzzz
Have a fantastic week ahead all
Lol Pad you are right ..he definitely was not going to say we are trying to sell it to the Australians !!
So cov based on your derisive posts on solg especially of late do you believe this will continue to drop in value this week ?