Member Info for Damers

My god, there has / is an almighty amount of long winded clap trap being posted on this BB since Friday.

Stick to the facts please - the chances are we are about receive the first bid for Solgold by the 26th of this month. Did anyone in their right mind expect an opening bid of £1.32p??

That’s the spirit Novice - I expect the SP to rebound a small bit tomorrow without news.

I have been reliably informed that the company is not sitting it’s laurels, accepting this paltry (potential) bid.

Please do PS. Stinks to high heaven.

They have closed their position

https://*********************/funds/actusraypartners-limited

Eloro.

If you do not expect an increased bid from another suitor then you do not believe the asset is worth more than 28p a share??

We all yearned for the first bid to land and now it has folk are up in arms.

I cannot get my head around investors jumping ship for 25 / 26p at this stage - bonkers.

The market will decide our true value over the coming weeks / months.

Popcorn time ;-)

Agreed Sharket - the subject is somewhat perplexing.

Hopefully Actus Ray are looking to close-out their position in advance of a bid being tabled. If so, this should give us a nice wee boost next week.

Yet another positive week behind us & looking forward to the next.

GLA.

Https://x.com/duediligenceguy/status/1994763373267788074?s=20

Can they not up the bid during the 'offer period' (60 day's)?

Fort.

Are you sure this statement is correct?

'If they do make a formal bid before the deadline and that gets rejected, then they'll not be able to bid again until somewhere around June next year based on 6 month rule.'

Do they not have 60 day's to increase the offer?

Manchester area DK - If you fancy a Crimbo catch-up please let me know.

ATB.

Greetings Darren.

Are you still back in UK or Quito these days?

100% Bozi.

The starting gun has been fired.

GLA.

Pbow.

To answer your question................

Franco Nevada - Earnings call (Padmaster post 21st Nov):

“Obviously, on Cascabel we're looking at scenarios to get things up and running sooner. There are two paths to that. The one is Tandayama, the open pit deposit. They've been drilling it up, having good success, moving up some high-grade areas, so potentially that can be early material to the mill. Also looking at scenarios to start with sub-level caving rather than a block cave.

I think they're making good progress on both of those, and that's increasing their confidence that they can get it in production sooner”

Evening Mathers.

TBH I am really buzzing regarding the subject & it' not just in relation to the SP. The big change in mine plan @ Alpala (sub-level cave) is No.1 on my list of ever increasing reasons to be cheerful.

The futures bright matey.

'Early works at Alpala are expected to open underground access by late 2027, months ahead of the previous schedule. SolGold has shortened the concentrator construction period to 18–21 months through modular construction and early procurement of long-lead equipment.'

Https://www.northernminer.com/news/solgold-sets-2026-start-for-early-works-at-cascabel/1003885120/

Https://www.linkedin.com/posts/solgold-ecuador_solgold-proyectocascabel-mineraedaresponsable-activity-7399862097443975168-WHYW?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAo7FVgBUDfMRNrcz6ZA-qliIvWGtfWaRkI