RE: News Article6 Jun 2026 20:24
@Pbow Since you posted the link to the latest about Cascabel & the buyer, here are a few thoughts:
[1] As I said, it is NOT only the buyer of Cascabel who is experiencing this sort of issue but suffice to say, it is a blessing that it is a "renegotiation" in accordance to the new rules, rather than expriopriation which is even far worse or licence CANCELLED [Ganfeng buying Bacanora Lithium].
[2] These days, it is very EASY to BUY but I do wonder if the buyer consider GAME THEORY & CRITICAL PATH ANALYSIS?
[3] If they did, one of the potential text book CORPORATE strategies would be to RETAIN Mather, the founder of Solgold-Cascabel for a period of time as is norm. Why? Text book says it is to ensure a smooth hand over etc.
[4] Why Mather? Many on this Solgold forum, I note, in the past moaned about paying WAGES to the EMPLOYEE of Cascabel when there was NO mining.
One would notice from the pictures via presentations of which I used to read from cover to cover & look at the pictures including reading the Solgold Ecuador Twitter [not the main Solgold Twitter] and how they are teaching their employees how to START [1] FISH FARM. [2] BAKERY to not only bake basic bread but all sorts of specialist pastries etc. [3] VEGETABLE farm [4] Plant COFFEE and sell the coffee in vacum specialist and sophisticated looking packages. [5] TRAIN the YOUNG GIRLS to be geologists assistants [see the presentations] [6] Notice all the uniforms given out. One would ask the question: WOULD THE GOVT stop the WAGES coming in and all the self-sustaining enterprises Mather got started with co money? It has brought in a LOT OF GOODWILL. Do you ever hear of Mather & their Geologist's from Australia etc needed armed guards? Nearby, an Australian billionaire's staff has to be protected by the army sent by the Govt. I do a lot of research as everyone on this forum knows - part of corporate learning be it for Solgold or any other stock I have ever invested in.
Conclusion: Yes, PBOW , that is why you and I are not running a big BILLION $ and if we had that sort of money from Bank of Dad & Mum, we might get eaten up because in the corporate world, many have lost a fortune. Example, a extremely rich person living it up in London [metal trader] decided to buy AA's iron ore business when it had an insurance event. Even though he was a specialist , he bought it just when the IRON ORE PRICE FELL, and he could not sell for a profit and it went pear shaped. Cadence [yes, Leni] got in one of his former associates to run it -----after they took a part stake in this very same iron ore business by way of Kiran ,[ as CEO of Cadence] who speaks the local language in Brazil and from Camborne School of Mining - things are chugging along.
Lastly, many moaned the price was NOT enough and JIANGXI paid 30% at $1.2bn out of a $3bn and a bit over NPV. Ganfeng paid 16% of NPV for Bacanora. Again, many have expectations which does NOT meet M & A metrics. 6.6.26