Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
My interpretation of the article is that it's a combination of a lack of understanding of the recent rns and maybe a translation issue
.
The only worrying bit is the quoted bit "This has given rise to some unfounded speculation and rumors about a possible sale" . I know not when this was said or even if it was said . Or maybe there should have been a comma after the word "speculation" ! Lol
Addinkt .....I copied and pasted the bottom paragraph and managed to get the all important last line !!
"Curipamba and La Plata projects, what the transition government will do is try to offer the physical and legal security so that the construction processes of those two mines can continue, and that the processes of negotiating production contracts can advance for the projects that reach that stage.
If Lasso doesn't define and sign the production contract with SolGold for Cascabel, the next government will."
A bit strange to be sure . Last year's results of agm was announced at 3 in the afternoon . Considering most couldn't even log in to the event you'd think they'd let us know what went on .....very poor imo . After all they were eager enough to tell us to vote ..
Irwin now dampening expectations while simultaneously saying a couple of days ago we will get fair value . Does this suggest a figure of around 75p will be the agreed price for a sale ?
https://twitter.com/bigdude6669/status/1595832739877769216?s=20&t=MO3HD5hJKQ9gGEq5Stl4Xg
"You are in the wrong place if a 600 percent return here is your expectation"
"In my career I have only very rarely seen a company taken out below fair value. Virtually always investors get fair value or more. Often times they are paid a very serious premium."
“We believe the Board should represent the entire shareholder base and not only a select group who might be exercising control”
The above from Berry RNS seems to insinuate that BHP (I presume) are getting preferential treatment from Solg and yet we still have silence from other major SHs, especially Irwin who hasn’t commented on the board strategy for months . Why not if the way is being prepared for low bid ? Surely they would be incensed
But if BHP are favoured why is the fund raise not already a done deal , fait accompli ? The price asked maybe …
Comments welcome
Nothing I have read today tells me definitively that there has been a “failed”fund raise, neither in the RNS nor BSCs letter. The latter seems to indicate an ongoing process (the use of the word “demonstrates” rather than “demonstrated” for eg . It may imply they want to add pressure on SOLG to go down the route that leads to a sale
All in all I am not as disheartened as many; we seem to be moving to the endgame which most of us desire.
As ever , we are dependent on more than one bid emerging. That is becoming a necessity….the alternative is a low bid
Sorry Gino but this board is fast becoming a SOLG free zone and more a Twitter like place where frustrated loonies air their personal psychological deficiencies. I’ll retreat back to the shadows before I become one of them…. :)
Anyone investing in Russian stocks needs to have a look at themselves in the mirror. However those locked in there having put money in before have my sympathy. One thing we all have to accept is that there is always risk outside of the first world….and this includes Ecuador . Chile’s experiment in nationalisation is a factor for us -maybe good or bad. On my watchlist is Ferrexpo- six months ago a great prospect but now look at it ……for those fancying a risk without the moral guilt, get in quick if peace should ever be agreed. I’m not in btw…. Ecuador is my limit