Member Info for Almostdone

It looks to me that Eqtec have been waiting for news from the French power plant before having to do the placing.
If the French news landed first, the placing may have been at a higher price.

_________________________?1 Source: Wood Mackenzie Dec 2022, based on production from committed projects?2Based on the Oyu Tolgoi Feasibility Study 2020 (OTFS20). The estimated average production of ~500ktpa copper for the years 2028-2036 is underpinned as to 13% by Proved Ore Reserves and 87% by Probable Ore Reserves. The estimated average production of ~290ktpa copper for the estimated reserve life of approximately 30 years is underpinned as to 26% by Proved Ore Reserves and 74% by Probable Ore Reserves. These production targets are stated as recovered metal and have been scheduled from current mine designs for the Oyu Tolgoi underground and open pit mines by Competent Persons in accordance with the requirements of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves, 2012 Edition.

Might be two steps forward and one back

I was always anticipating coal to fall back as the northern hemisphere comes out of winter. Nothing to do with china.

https://www.proactiveinvestors.co.uk/companies/news/1005836/five-at-five-ftse-100-closing-in-on-8000-exxon-to-challenge-glencore-standard-chartered-bid-denied-europe-s-lithium-companies-due-a-re-rating-1005836.html
Copied from poster on the glencore BB
Sav has been mentioned.

Red
I posted that on the 13th November, but nobody picked up on it.

That means a massive increase in M (shares in issue) must be countered by a huge drop in P (price)

On a daily/weekly/monthly time basis, there has not been an increase in shares but the price has dropped.

There isn’t a lot of MV=PT with solg.

Brooke MacDonald from the rns.
The strategic review for the combined group aligns with our views on the best path forward.

Over 1.8m bought back Friday.

There might be a 75k or thereabouts or multiple sells later today to balance the buys and sells in this range.

All this dumping of share’s lately by whoever, and yet the share price stays within a very narrow band. In the past a continuous seller always brought the price down. I assume the buys are not all pi’s, therefore my assumption is someone is offloading for a reason and someone is buying, all within this range, which keeps the share price from hitting rock bottom. From early December the share price has been in this band, very unusual for Eqt. Something must be afoot.

Don’t forget, NM’s play was to get cornerstone into a situation that Solg could buy them out. I think his original plan has not played out, and this is plan B.

Cornerstone Files Management Information Circular for Proposed Arrangement with SolGold

Up 10% !!

https://www.proactiveinvestors.com/companies/news/999129/the-price-is-not-right-for-copper-higher-prices-needed-to-incentivize-new-supply-say-stifel-analysts-999129.html?rel=scroll

Darryl Cuzzubbo, CEO and Managing Director of SolGold, stated: "It has been my view from the start that SolGold and Cornerstone are more valuable together than apart. This is an exciting value enhancing transaction for all stakeholders. This Transaction also sets the stage for a strategic review of the Combined Group as we methodically assess options that are in the best interest of our shareholders."

Brooke Macdonald, President and CEO of Cornerstone, stated: "This merger transaction makes sense for both sets of shareholders. The merger allows our shareholders to maintain exposure to the world class Cascabel Project and is a step towards maximizing value. Having considered the landscape, we are convinced that combining forces with SolGold will unlock significant value for all shareholders. The strategic review for the combined group aligns with our views on the best path forward. Today represents a significant milestone for all Cornerstone stakeholders and I would like to thank them for their support over the years."
The second last sentence from Brooke suggests that the review is known.

Thank you addicknt.
The appointments are also designed to provide an objective view of possible outcomes which should remove the possibility of accusations that the board has not acted in the best interests of all shareholders.
Does the board then have to follow what the review suggests?
I would also assume the review would include short term/long term best interest’s for shareholders.

All the posters on here are clearly well clued up on technicals etc. but have different views and outcomes.
For myself I cannot understand why solg needs this review, is it for the board to know the best direction or to tell all and sundry what solg potentially have in the ground.
The board should by now know what is the best outcome and if it is feasible, and any prospective major should also know what is involved. So what will the review tell?
Sorry for being a bit dim if the answers are obvious.

I fully expect Darryl to walk or be pushed as he's no longer needed. It becomes
Try reading his post again!