Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Https://www.bnamericas.com/en/interviews/investor-confidence-at-stake-ecuador-prepares-for-referendum-on-mining-in-biosphere
https://www.mining-journal.com/london-to-a-brick/opinion/4189775/newmont-kingmaker-future-solgold
Think how much bigger Cascabel and Solgold is compared to Wyloo's Noront deal.
Think about Twiggy's desire to help rebuild Ukraine.
https://www.president.gov.ua/en/news/volodimir-zelenskij-zustrivsya-iz-zasnovnikom-fortescue-meta-89069
Twiggy will show his hand soon - he is already in Ecuador and has recently mentioned his desire for more copper.
Twiggy has circa 20 years to overtake BHP. Without doubt this is his life ambition. He cannot stand BHP.
Citi is advising us and has advised Twiggy previously.
Bob Sangha is advising Solgold and has previously advised Wyloo.
Note: The average single-family home has approximately 200 kilograms (or 439 pounds) of copper.
As of July last year, 1.5 million homes had been destroyed or damaged in Ukraine
https://www.undp.org/eurasia/stories/breaking-barriers-building-hope-ukraine
23p equates to a market cap of c. £690m, which would value DGR holding of Solg (6.803%) @ £47m
DGRs current market cap = A$17,64m (£9,1m)
Massive discount
Expecting fireworks for my fellow DGR shareholders
Love Mather
Tesla would you like to know how much my shares appreciated today and over the last few weeks?
Correct me if I am wrong however a loss is defined as having sold something below the subjects acquisition price.
I haven't sold anything plonker as I don't need too.
How many shares do you have? Zero... hahahaha
To achieve a price in excess of 100p, its important to express aspirations that illustrate value to a bidder.
Accepting 23p is the starting point.
Knowing that he would accept 23p, it sends a message to those wanting to challenge BHP for the reigns.
BHP would be reluctant to move before ESIA is concluded and so it would give smaller groups some hope of having a really good crack at owning Cascabel.
It may be that the bid starts now and during the ESIA is concluded, BHP then show their hand.
And another timely reminder by Solgold PR team.
"We are for sale"
https://x.com/SolGold_plc/status/1773003252637835679?s=20
Video recorded on 16th March.
Hannam's price target circulated on 20 March is double Scott's 23p.
So if this was recorded 10 days ago, does it mean 23p is inbound and or already received (why push it out today), and Hannam are expecting it to be countered by a competing bid. A bit smelly
He has also confirmed that "over the next few weeks or months we will have announced some non-dilutive proposals that will help us continue de-risking Cascabel and expand regional project exploration"
So, does that mean interested parties should bid for the co or project before more capital is raised?
And the last few comments....
"Stay tuned, there is going to be a lot happening at Solgold over the next few weeks and months"
My guess is that they are expecting a bid imminently as this was released two weeks.
This has all been designed by Citi and Bob. Consider this was recorded on the 16 March. Why push it out now?
Just listening to the interview now. Key items:
- Non dilutive financing
- Continue to de-risk.
- Strengthen balance sheet short term. Secure cash through non dilutive form.
- This non dilutive cash will also be used for regional exploration
- Obtain outstanding permits to build concentrator within two years. Low cost.
- No more drilling at cascabel. Our reserve is solid.
- We can get a strategic partner to help us get this into production.
- We're not trying to raise $1,5b right now.
- Todays spot price make us very attractive.
- Scott thinks 23p would be acceptable. This aligns both investors and interested parties expectations today. Sends a strong message to interested parties.
- Signing balance financial agreements with government in 'near term'.
Tesla lives with his mother in midlands and is a 54 year old virgin.
Such insight from the oracle trading mentor. Keep it up plonker
8:06 - 8.37p - 119,520
8:09 - 8.4891p - 175,695
8:15 - 8.493p - 175,695
8:53 - 8.50p - 292,544
9:00 - 8.5475p - 116,306
9:01 - 8.58p - 233,053
9:02 - 8.6355p - 227,436
9:03 - 8.7719p - 220,273
9:04 - 8.73p - 114,667
9:06 - 8.7912p 457,620
Someone is accumulating....
Securing funding at project level will force an interested party to move and acquire our company.
There is no way in hell that any major will let us put proceeds from the sale of Cascabel into our regional assets.
Twiggy has done it before and can very much replicate his success in Australia via Solgold in Ecuador.
Comments made by former Ecuador Deputy Minister of Mines - Article from last July
"If Newmont decides to stay in Ecuador, it will seek to acquire 100% of the Fruta del Norte mine and expand its interest in the Cascabel project. I believe that Newmont will stay in Ecuador and use the path opened by Newcrest in its strategy to fully enter Fruta del Norte and expand its stake in Cascabel."
3.
Cascabel is viewed by Caldwell and his board as "a multigenerational asset, potentially one of the 20 largest copper-gold mines in South America". City broker Hannam said: "Newmont/Newcrest has previously indicated a desire to increase its copper exposure, while Newcrest's past success in Ecuador could also weigh in SolGold's favour with its 32% equity stake in Lundin Gold (owner of the giant Fruta del Norte gold mine in SE Ecuador) currently worth about two and a half times its initial investment."
For now, no-one seems in a rush to do anything, but that could change very quickly.
2.
pdac
solgold had a good pdac, signing an investor protection agreement with the president, despite a continuation of nationwide curfews. at the convention, ecuador's president daniel noboa went out of his way to underline the country's continued commitment to foreign direct investment, especially in mining. collaboration with solgold and others represented "a significant commitment to the growth and sustainable development of the mining industry in ecuador", he said. solgold's share price has doubtless been helped by this year's increase in the copper price, but company specific factors have also played a role. a revised pre-feasibility study unveiled in february slashed development costs by $1bn. initial mine development, fi rst process plant module and infrastructure is now estimated at $1.55 billion, compared to $2.75 billion envisaged in april 2022.other good news has come with exploration results at adjacent blanca-nieves, 8km from cascabel;and potential investors are quietly please with boardroom stability brought by solgold's new ceoscott caldwell – appointed in march 2023 - who is now living in ecuador while he conducts a strategic review.
the result of that review could lead to a sale, partial sale or joint venture with one or more of the cornerstone investors, but caldwell isn't in a rush. like juniors everywhere he is keeping operation sticking over after slashing overheads to reduce cash burn and allay funding concerns. as things stand, the company has cash of close to $13m and treasury shares linked to last year's merger.
palmer steps in
what shape any m&a takes is a topic well-rehe****d, but a new theory is doing the rounds with market sources suggesting bhp's interest has dropped away and that newmont, under ceo tom palmer, is the likely kingmaker, perhaps via a jv with jiangxi. palmer is on the record as saying one of the main reasons for newmont's merger with newcrest was to expand the firm's copper portfolio. newmont gets about 10% of its revenue from copper following the takeover of newcrest, and that rises to 20% or more as it develops planned projects. roughly 30% of newmont's reserves are now in copper with palmer telling media recently: "you can expect the value of our copper assets to increase, and the importance of copper in our portfolio to grow. we have three big copper properties, one on png, one in peru and one in british columbia, all of
significant scale." one could ask how important solgold really is to newmont when palmer has plenty of opportunities
to allocate capital elsewhere (including copper), but it's probably too big a chance to pass up.
1.
It's often difficult to pinpoint precisely why a company's share price moves up, a good example being that of London-listed SolGold whose stock price has spiked 26% in a month. The company, which owns the hugely prospective Cascabel/Alpala copper-gold concession in Ecuador has long been touted as a bid target.
In the past, the news has been less than bright, marked by boardroom rows and stakeholder disagreements, while, more recently, a state of emergency was declared in Ecuador, stemming from armed conflict that exploded between Latin American drugs cartels. There's no suggestion that a bid for SolGold is imminent, so market observers have been wondering what's behind the biggish uptick in the shares, although at 8p, they're still a long way off the 46p of seven years ago.
A number of theories are doing the rounds. One broker told this writer that for the first time in awhile, the phone has been ringing with calls from retail investors considering buying the stock, so perhaps there was an appetite for explorers with "standout assets".