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They also stated they were taking Cascabel to production, but Mather has confirmed that ain't true.
Smoke and mirrors my friend. As with the rest of us I do not know when the big play will be made, but there has been steady progress on all sorts of levels so something has to and will give IMO.
The market knows Solgold is not a mining Company. Yet, we are becoming a Company with top drawer mining expertise (personnel).
There was an article months back discussing one of the main issues for major minors is not acquiring the resource, but the skill-set required to carry out the works.
Well I never - Solgold is now on a position where it has measured one of the top Copper resources Globally, but it has now the management structure to make it happen.
In answer to Elish's comment a while back - a buy out of SOLG, but keeping the Management structure (subsidery) to not only realise Cascabel but keep the natives happy and carry on regional exploratory works.
Damers.
Morning Sean.
A bid / JV announcement will come. We have 4 high calibre Execs (Inc CFO) joining SOLG within the space of a couple of months.
They would not have signed up without bullet proof assurances that SOLG is on the verge of hitting the big time.
Have a good weekend.
Damers.
De-ramping nonsense Sean.
You should have spent more time reviewing the last RNS and asked yourself why has such a high calibre Production Engineer joined the Exec team etc.
I will give you a clue to the answer - it's not because SOLG is going it alone in 5 yes time with the help of Quads & Co.
You are taking a risk having sold and looking to buy back a few % cheaper.
If a JV agreement announced on Monday you will be a wee bit ****ed off my friend.
Damers.
Morning Quads.
Solgold is not taking Cascabel through to production as we do not have a pot to **** in. As previously noted the only way of getting to the ore body without 3rd party assistance, is if you & the Children of Solgold get the pick axes out.
If I had evidence of a bid - a bid would already be in the offing. However, if you look at the list of our investors it is plain as day to see there are several interested parties - many of whom are fully versed in large scale mining.
Like it or lump it a bid will come.
Damers.
It seems like to me that the BOD have been getting their ducks in a row (new CFO / remuneration policy / increased focus on Porvenir) before a take-over bid for Cascabel or a JV for this concession.
As previously suggested if SOLG is bought out it will still exist under an umbrella Company. This would mean that the new appointees (Cuzzubbo / Saridas) will be taking Cascabel, Porvenir and another 1/2 dozen Mega Mining projects through to production.
The Futures Bright - keep the faith Solgers.
Damers.
We could be in for another rum day today folks.
Please bare in mind if a bid is incoming over the next few months (as most of us believe) the current volatility in spot prices & political unrest is irrelevant.
The futures bright.
Damers.