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You lot do realise that one of the largest shareholders is Newcrest and the proposed takeover by Newmont means that we are going to have the world's biggest gold miner and BHP as two of our biggest shareholders. Lest we forget Solgold is sat on one of the world's largest undeveloped copper/gold mines. Solgold also own the adjacent exploration rights around Warintza in Ecuador where Solaris Resources keep discovering more and more copper, its huge, they had yet another RNS yesterday.
Fortissimo ,check out sml red dirt mine possible j/v
Seems Cornerstones funds are running very low, and hence the merger might not happen until mid March :(
"Transfer of funds to Cornerstone
On 27 January 2023, SolGold provided Cornerstone with US$250,000 to assist with the payment of expenses relating to
Cornerstoneās day to day operational activity in advance of the acquisition being completed. SolGold will be providing
Cornerstone with a further US$250,000 on 15 February 2023 for similar assistance."
BPHIL, yep correct
Fortissimo do you know where in Australia?, Leigh Creek?
Well, some interesting bits in the report especially the exploration plans for the next 6 months which included $11m for Ecuador and $4m for Australia!!!!
Struth mate... just when you thought Ecuador had opportunities galore.... they go back to Oz to dig some red dirt.
So almost half of the exploration budget for the next 6 months is in Australia!
Other than that, all looks like it's going as planned and potentially JV/partner deals being deployed on other Ecuador licence blocks in future which fits with the CGP mentality.
Something else is cooking for sure. I did like the one employee in Switzerland! Need someone there to keep that subsidiary alive.
The MD&A is mainly for events up to 31st Dec 2022 so you're not going to get an SR update through that nor a detailed update on Merger. But there's enough there to let you know all is moving as per last RNS releases.
Looks like the drill bit will be turning in Ecuador and down under mate!
Well itās now early March for merger completion....
Desperate shareholders more like ,well sell and get lost leave the real investees to make the big money clowns ...
C'mon Dave and anon...I know we're all pretty frustrated but those posts smack of desperation...
Osisko's deal values the copper and gold produced from Cascabel alone at $8.3 billion and FNV at $10 billion...
The cut-off date is 31/12/2022, the document is just obsolete with respect to the topics we are waiting to hear about, it's due but not materially relevant.
Thanks Monte...I've asked my man several times which hole it was and never had a reply..disappointing....
This is the part Iām most interested in.... bearing in mind the licenses are the only non cash assets we hold..... and what, pray tell, are these additional benefits they speak of?
An application to begin negotiations on the exploitation agreement for the Cascabel project was submitted to the Ministry of Energy and Mines (āMINEMā) on 31 August 2022 and was deemed admissible on 14 October 2022. Initial discussions regarding the Exploitation Agreement began in December 2022, and that the formal negotiation process began in January 2023. The Company has until December 2023 to complete the negotiation process with the establishment of a non-binding term sheet, and the submittal of a request to move into the exploitation phase.
In December 2022, the Company submitted an application to amend the previously subscribed Investment Protection Agreement in order to align it with the exploitation agreement under negotiation and to obtain additional benefits provided by the government which were not available when the agreement was signed in 2021.
Oh dear.
10p soon
I don't care anymore.
Utterly b****y incompetent!
No substantive news on the SR other than to say it's still ongoing. The merger has not completed yet but is expected to do so 'shortly'...bear in mind this is a Solgold 'shortly'.
RNS out ....
at least they got the MD&A out on time.
Talk about you all being pessimistic!!,think positive for goodness sake!!,look at USA,china,Europe all saying inflation under control and coming down , beginning to come out of a pandemic and borderline recession,they gonna need rare minerals !!and guess what solgold have!!..expect an RNS soon gla
Very good Monte but I did say 55p so you are underselling us a bit here lolzzz
Suits me, tbh, as I'm looking to add at around 13.5 again. Bargain.
Talk of this being sold at 30 odd pence just makes me laugh.
There's not a chance in hell that will happen, imo.
Oops....Surprised they didnāt mention Mr Cuzzubbo that should have read..
New tweet from Solgold. Surprised they didnāt name Mr āAttention!
We inform the public that there are people and/or organizations that fraudulently and illegitimately use the name of SolGold and impersonate the identity of employees of our Companyā.
A stream of assays would be a welcome change.
Perhaps they just meant how pretty the hole was!