Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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“ admire SOLG's attempts to go it alone”
I don’t believe they ever had any intention of going it alone ….. a junior exploration company with dozens of concessions in a jurisdiction with certain geopolitical risks …… really ?
Sell for maximum value ( by proving up as much as possible before someone makes a move) has always been the intention in my book .
The biggest mistake BHP have made is to wait so long , if the board are returned at the AGM they may find themselves paying a lot more than they would have a couple of years ago ….. and hopefully they’ll have plenty of competition
summed it up dreamboat. read the same here many times in the last day or two, but none the less summed it up again mate.
Morning all ….. it’s always intrigued/ bothered me that Valuestone dipped their toes in last November for 11/12m shares ….. I find it hard to believe that token involvement would be worth their while ….. unless it was simply another veiled warning to BHP that they can’t simply have it all their own way ?
We mustn’t underestimate the significance of the Ambrian analysis….. if the top twenty odd most likely takeover targets in the sector, Solgold is the most likely….. these guys know their stuff and their research is thorough.
“RFC Ambrian offers corporate advisory services and investment expertise across all areas of the natural resources market. Through our comprehensive knowledge of the industry we identify value and create successful outcomes for our clients”
The PFS will be out v soon and lets see the SP rocket. Will this be the catalyst for a bidding war? lets hope so............
ToS agree
“As others have said, best defence against low takeout is a high SP“
And a strong PFS which nails down some value which is why it’s so important to get it right even if it takes a little longer than we’d like .
Huge couple of weeks coming up here leading to AGM
Harry as with your reply. It was a pleasant change to have someone put forward an alternative view without rudeness or name calling.
tos. thanks for reply. completely agree.nice to have a balanced reply, instead of the usual hysteria.
Happyharry yep.... fingers crossed wouldn’t be my usual investment advice! Solgold a bit of an anomaly in this regard though. I too hope for a different and improved approach from the new CEO, particularly around progressing Alpala and communicating future plans and strategy. However, I believe in order to be afforded the breathing space to do this, we need a short term SP boost, otherwise he is in danger of getting bogged down in defence mode. Best route to this is if we strike a great hole at Rio.
Well said even
Well did Tos
tos. not to sure fingers crossed and see where it takes us is good investment advice. i tend to think, where has this gone over the last many years. and then look where we are now, then look to the future, i then make my judgement. 1, on solg the last many years have been a hard slog,2, going by the latest news, we are no further foreward than many years ago. 3 why do we think we will be any better under Mather in the future. bearing in mind his only supporters are retail investors.
so instead of fingers crossed and see wher it takes us, also called BLIND FAITH, i hope mather does the honourable thing and lets the new ceo make his own decisions with the support of a new independant board free of mathers influence
ToS1963,post recommended
Loving your positivity Colonel. As others have said, best defence against low takeout is a high SP, and I concur that Rio is our best hope, in the near term, of a significant uplift. NM et al may have their faults when it comes to PFS, and comms, but nobody can question how good they have proven over the years at finding the stuff. So fingers crossed, keep holding, support the board, and let’s see where it takes us. That’s my strategy. GLA.
Well I'm glad I'm not out of this over this weekend Lolz...
Porvenir is in the ranked drilling table along with Cascabel...
The next time this report is produced, will Rio, Blanca and Sharug be included...?
Will Solgold still be independent...?
Meanwhile I would love to know which majors are in the sub 3% category..."third parties"...?
TheSlug - I 100% agree too
Of course theslug you know more than Irwin and Sanga... joker!
Too 65 take out possibilities and we’re no1
Top 65 Late-stage Copper Projects with Resources >
Bhp don’t feature at all !!
This is exactly why we mustn’t let BHP in through the back door….. there is a massive disconnect between the share price and the value …… this disconnect will evaporate with the first offer …. Keep the faith and we’ll see pounds rather than pence …. Roll on Rio
Thanks for posting, Kohku. Fascinating stuff and a compelling argument.
Fantastic find Kohak pretty much there in black and white with this report out recently eyes will firmly be fixed on us from Monday morning. Clearly majority of shares in extremely sticky hands just be interesting to see who blinks first over the coming months
No worries
A lot of charts / info
Can someone explain better for us thickies
Nice to see we feature heavily
Kohaku ….. much appreciated
“SolGold (SOLG CN: C$0.40 | US$740m) is listed on the LSE and the TSX. Its main focus is the 85%- owned Cascabel project, a porphyry copper-gold deposit in the Imbabura Province of north-west Ecuador, near the border with Colombia. As at September 2021, the company had net cash of US$110m.
The resource currently stands at 11.2Mt of copper and 23.6Moz of gold. The company published a PEA in May 2019 and the project is expected to produce 139kt/y of copper and 219koz/y of gold LoM average at a total cost of US¢53/lb over a 57-year life (50Mt/y staged ramp-up scenario). The initial capital investment for the project is estimated to be US$2.4bn. At a copper price of US$3.30/lb, the PEA for the project returned an NPV8 of US$4.1bn and an IRR of 25%. SolGold is investigating both high tonnage open-cut and underground operations. A resource extension drill program has been underway this year at Apala and a delineation program at the nearby Tandayama-America satellite prospect where a maiden resource has been announced. A PFS was scheduled for completion at the end of 2021 but has been delayed following the recent appointment of a new CEO.
SolGold has attracted considerable corporate interest. Newcrest Mining currently holds 13.5% of the company and BHP holds a 13.6% interest. In 2020, Franco Nevada completed a US$100m royalty financing.
The upcoming PFS will be carefully watched and a competitive bid for SolGold could occur if the Cascabel project achieves expectations. We believe there is a High possibility of a third party (including the minority shareholders) looking to acquire the project outright or taking a significant interest in the medium term”