Member Info for Aquinaga

Who’s going to by this to get a foot in the door?

So where will this take us on this on this wave count?
Thanks BNC for all your work over the years.
Helped me get the holding I have. 🍻

Why now.
Did they think the price would be even higher by the time of the MRE?

Under the share subscription agreement, BHP has the right to nominate one director to the SolGold board. BHP also has anti-dilution rights for a two year period to allow it to preserve its shareholding at 10 per cent.
Subject to certain exceptions, BHP has agreed not to acquire further shares in SolGold for a period of two years without SolGold’s consent.
For a period of two years, BHP has agreed to support proposed change of control transactions relating to, and capital raising up to a limit by SolGold, provided these

https://www.asx.com.au/asxpdf/20181016/pdf/43z8wppkrx7b09.pdf

Approximately

Just announced. Look at news section on this site.
Buying 100 million shares

11.54% on low volume of only 8500 shares

They have also been financing DGR Global and if I remember right said in was the cheapest way to have an interest in SolGold.

Well had to do a top up at this price. Again!

Afternoon Shipright.

If I was looking for something like that I would look at a large general Investment Trust. Spreads the risk, can often brought at a discount to assets too. Yes will fall if there is a wider market downturn but are usually quite steady.

Either that a a manufacturer of tea towels, business looks like it’s going to be good!

As always Imho DYOR best Aq

What if BHP bid for Newcrest? This could be a big risk. They would gain block caving expertise and Newcrest’s 14% SolGold shareholding thus gaining a 20% stake and presumably a seat on the board. Always thought a deal like this would be too big but with the mergers in the sector right now maybe not. Any thoughts. GLA

Always worth a listen.

Rick Rule of Sprott Global “High Quality Deposits, Almost Irrespective of Commodity–Will Be Taken Out This Cycle”

https://www.youtube.com/watch?v=TPgwpxyurl8&feature=youtu.be

A premium is being offered over the 2019 copper price.
http://www.kitco.com/news/2018-10-01/UPDATE-1-Aurubis-to-offer-a-96-tonne-copper-premium-for-2019.html

Looks like the start of the copper shortage imho.

The drillers that took shares instead of payment back in the single penny days have done better than that! ;-)

Whoever takes this to production I thought for fun I would try working out possible future dividends per share.
Happy to have figures corrected or point out what I have missed.

At 40MT per year at 0.6% Cu Ed per ton= 240,000 tons
Ave cost to extract of £3,051 per ton
Copper price £4,769 per ton
= £1,718 gross profit per ton
£412,320,000 or 24.25p per share per year assuming 1.7bn shares
Less admin and other costs.

Probably I have missed something, But worth thinking about if it did go to production and still a shareholder

Good weekend all, AQ

Q. SolGold is in a very unique position in the market, do you view this as a challenge or opportunity?
Independence is the challenge. Diversity is the opportunity.
Our unique position is both a challenge and an opportunity. Our challenge is to provide the necessary funding to see Aplala progress toward development and the opportunity is to create an integrated pipeline of exploration, development and mining projects largely 100% owned under the SolGold roof. This will present SolGold’s shareholders with a unique opportunity to take part in ownership of one of the world’s largest emerging copper gold porphyry explorers, developers and miners.

..on new concessions.

SolGold have applied for drilling permits on five of these concessions and is currently focussed on defining robust drill targets

First pass exploration work across these concessions has been very successful and resulted in the discovery of several targets which SolGold believes have the potential to become world class porphyry Copper ‐ Gold or epithermal Gold Silver projects. SolGold has applied a ranking on these projects which identified the 10 highest priority projects as:
‐ Blanca
‐ Rio Amarillo
‐ La Hueca
‐ Cisne Victoria ‐ Porvenir
‐ Cisne Loja
‐ Chillanes
‐ Salinas
‐ Timbara ‐Sharug

With a significant update on the maiden resource expected in Q4 2018, an independent Preliminary Economic Assessment set for release in Q1 2019, and the ongoing development of our 10 priority regional projects, the next year is set to be exciting for SolGold and its stakeholders."

Re Aguinaga They keep changing the image on their presentations. In the diggers and dealers presentation page 25 they show a blue core with an outer core of grey with a tab saying <0.3%. This wasn’t showing on latest page 28. For me they were think about using Aguinaga to bootstrap but now they have found the Blanca project this is now not the second resource to prioritise.