Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Surely...?
Excellent volume on Friday...
Marked down today and...
Bounced...
We can always dream
https://markets.ft.com/data/equities/tearsheet/forecasts?s=SOLG:LSE
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.
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%...
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.
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...?
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.
Reasonable volume but we need confirmation of bid talks, an approach or something along those lines to really get it moving, fingers crossed...
Dave very true if there is a leak about buyer , we should get RNS that is when this will fly and need to know what price?
Sudden move , May be RNS on its way
Where is Quady?
He must be gutted that Warren mentioned selling and not production, nor jv.
Let's see if he is humble enough to admit that he called it wrong. Or, will obfuscate by saying that he always expected a sale?
Good morning Eloro, well timed, just saw the presentation.
I agree this is the first bit of evidence we maybe inviting a bid.
However I will temper that with he planned to say what he said in a deliberate way.
Just watch that bit a few times.
He wants people to think the Chinese are going to bid.
Maybe, maybe not.
But as I said first bit of credible evidence we have had.
Excellent find Eish.
Quady, I've just fallen off my chair ! ! :-)
Why Indi, I have always said I follow the evidence and facts.
We still await the strategic review.
Interesting times.
And so stage 1 of the reverse ferret begins.
Elitism
“Let's see if he is humble enough to admit that he called it wrong”
Lol
SharketMare haven't you filtered me yet.
I really have no time for your trolling.
Quady, I wouldn't miss this for the world.
DBW it's you that have been 100% wrong.
You and the great uninformed on here have called a bid so many times.
I am saying up to now that production was the most likely outcome.
Let's see what the strategic review says.
I don't trust Irwin, but he may have let something slip.
Ha Sharket
What price when the RNS comes "confirming discussions with interested parties"?
Now I want to make it clear that I don't believe the statement I am going to make as I am not of a devious nature and I don't buy into conspiracy theories.
What if Solgold were sorting out financing to start construction.
We would need the share price higher.
What better way to do that, than start a rumour that we were going to be sold.
That would make a placing more attractive and easier to bring in funding.
Serious mental gymnastics going on there Quady
Good morning sire_frugalman.
Just trying to keep things in perspective.
I personally think the strategic review is of more importance now than I did a few hours ago.
Wondering how much longer it's going to take.
Lol QP careless my ****
Well over 5 m traded already …. How’s the book?