Firering Strategic Minerals: From explorer to producer. Watch the video here.
https://latam-investor.com/2022/08/cornerstone-capital-resources/
“There are simply not enough copper projects in the development pipelines of major mining companies to meet the anticipated demand for electric vehicles and low-carbon electrical infrastructure by 2030-2050, and underinvestment by the majors in early-stage copper exploration means to maintain their production profiles and market valuations they will need to buy reserves – by acquiring juniors like Cornerstone and SolGold – to replace reserve depletion, so we anticipate a frenzy of M&A activity for existing copper projects like Cascabel as well as companies willing to fund drilling in potentially large porphyry system environments in good jurisdictions like Ecuador.”
Red.
We are all fully within our rights to get ****ed off, esp. when we have large sums of money on the line.
Some folk are adding 1+1 and getting 5 after reading the RNS. Despite all the debate & speculation we do not know what has / is happening behind the scenes.
Yes, we do need clarity and are rightfully requesting it from Fawzi etc. However, advanced negotiations may be happening and therefore lips are sealed.
I for one remain optimistic that our investment will at least triple in the near future..................
Morning Lunch.
So, on the flip side of your points.................
- New President of Ecuador Subsidiaries: Steve Botts (joined Aug 1st & Ecuador based )
- New Vice President of Projects: Bernie Loyer (joined 1st August & Ecuador based)
- We have magically produced a top rate interim CFO: Keith Pollocks (started today)
- Nicholas Mather statement 2 weeks ago: 'expect corporate action!'
- From our CEO a week or so ago: 'we are in NEGOTIATIONS with SEVERAL majors' regarding regional JV's
The futures Bright Solgers - cheer up & enjoy the sunshine.
Morning Red.
A sale by December does not mean 'he's looking after his own interests' - but all our interests (except Quads).
The business is going from explorer to miner (under the eventual ownership of a 3rd party) and yes, there needs to be a big change in personnel and yes, feathers will get ruffled.
From where I am standing all is looking fine & dandy.
Appreciate your candidness bankrupty.
The BIG issue we have is the global economy. With China the biggest user of copper (41%) and numerous sources suggesting recession imminent not only there, but in the US - this will determine our SP.
The way I see it is not a drop to 12p, but circa 19p (in the next few weeks) and then an announcement from SOLG in the next 6 weeks regarding regional JV's / funding / equity raise.
This will push us back up to high 20's and then it's wait and see weather a bid lands or its the long game.
Damers.
The hope was that he would be the bridge to a solid deal after the Franco fall out, but now turning to dust.
We NEED some big and brave decisions from our leaders before we are paddling in the teens without a canoe.