BHP, Newcrest & Jinx - Agreed to hold shares for a director to be on the board.10 Nov 2024 17:25
BHP & Newcrest have to hold over 10% of the shares in issue each, to maintain a director on the board.
Jianxi copper have to hold circa. 300+ million shares to have an influence with the company, hence Mr Liu on the board.
It’s all gone very quiet from Scott, interviews, last presentation was in June, have all dried up..
Now he has re-located to Miami Beach USA from Ecuador, I wonder if his $10k allowance has also stopped.
His move could be tax avoidance, 30 Million options and circa 1% of the company is not some small CGT Bill.
Povenir could be sold to make us cash rich, and have the funds to take it to production ( This won’t happen, but will bluff the Majors to make a BID).
Also IOC are turning to mining, due to the energy transition, which will make SOLGOLD’s TIER 1 mine very very, attractive to have in their portfolio.
$300 million company, for the biggest Copper mine discovered in the last 20 years, and that’s based on only 18% of the mine.
This world class asset will make us pi’s very wealthy.
https://oilprice.com/Metals/Commodities/Worlds-Largest-Oil-Traders-Seeks-Foray-into-Metals.html
Gl all