Member Info for Dreamboatwarrior

If you’re about
Still feels like there is a controlling hand at work here ..... though to a lesser extent and maybe with the aim of accumulation

Hi Ned sounds a bit steep
I used selftrade, they became Equiniti ..... apparently soon to become II and I’ll incur a monthly charge so I’ll move to HL probably

Welcome back frog
Think you’re wrong about production
“ With copper on a tear this year, hovering around $US10,000 a tonne on the London Metal Exchange, and big projects in short supply, interest in SolGold is likely to rise as delivery of the Alpala PFS nears”

So do plenty of others but there’s big money to be made either way

Confirmed MRE is due that’s all

work on a prefeasibility study on Alpala, due before the end of the year. With copper on a tear this year, hovering around $US10,000 a tonne on the London Metal Exchange, and big projects in short supply, interest in SolGold is likely to rise as delivery of the Alpala PFS nears.

The Australian

BHP, Newcrest participate in SolGold raising

Nick Evans



Peace appears to have broken out at the British and Canadian-listed explorer SolGold, with BHP and Newcrest both taking up their entitlements in last week’s $95m capital raising in London to maintain the competitive tension on the register of the highly rated copper and gold play.



Capitalised at about £670m ($1.2bn) Brisbane-based SolGold is chasing big copper and gold targets in Ecuador and has been the subject of ongoing takeover speculation after both BHP and Newcrest took substantial equity positions in the company.



But a running dispute over the best way to fund development of the company’s Alpala project, part of its Cascabel tenement group, led to an acrimonious year for SolGold in 2020, after the company chose to take up a financing facility with Franco Nevada instead of tapping the market in an equity raising.

The deal handed Franco Nevada a net smelter royalty over future production at Alpala, and raised the hackles of both major miners — and other institutional shareholders — who collectively delivered a 44.7 per cent vote against the re-election of managing director Nicholas Mather to the SolGold board shortly before Christmas.



In January Mr Mather announced he would step down as CEO after 13 years at its helm, and the decision appears to have allowed a reconciliation of sorts between SolGold and the two major miners jockeying for position on its register.



Ahead of last week’s £53.1m raising by SolGold, Mr Mathers held about 4 per cent of SolGold stock. ASX-listed DGR Global, of which he is managing director, held another 9.8 per cent.



Mr Mathers took up 392,156 shares in the 28.7p raising, although it is not clear whether DGR — which finished March with $2.6m at bank — took part in the issue.

The deal handed Franco Nevada a net smelter royalty over future production at Alpala, and raised the hackles of both major miners — and other institutional shareholders — who collectively delivered a 44.7 per cent vote against the re-election of managing director Nicholas Mather to the SolGold board shortly before Christmas.



In January Mr Mather announced he would step down as CEO after 13 years at its helm, and the decision appears to have allowed a reconciliation of sorts between SolGold and the two major miners jockeying for position on its register.



Ahead of last week’s £53.1m raising by SolGold, Mr Mathers held about 4 per cent of SolGold stock. ASX-listed DGR Global, of which he is managing director, held another 9.8 per cent.



Mr Mathers took up 392,156 shares in the 28.7p raising, although it is not clear whether DGR — which finished March with $2.6m at bank — took part in the issue.

But sources say both BHP and Newcrest, which each held a 12.3 per cent stake in the explorer ahead SolGold’s trip to the market, both took up their full entitlement to maintain their positions on its reg

Another 1.725m after hours ..... it’s coming

Feels like we could have another strong afternoon

Costa ..... I think we’ll be fine now irrespective of day to day movement

Love the analogy

Thanks guys

If someone would translate please

“ SolGold Plc (SOLG-TSX, LSE), que en Ecuador ha identificado 13 proyectos considerados prioritarios, dijo el miércoles 28 de abril que ha recaudado US$ 73,8 millones que serán destinados a financiar un mínimo de 40 000 metros de perforación diamantina, principalmente, y el estudio de factibilidad definitivo y otros trabajos relacionados con el desarrollo del depósito de cobre, plata y oro Alpala en su proyecto Cascabel, ubicado en la provincia de Imbabura, en el norte del país.

Hasta la fecha, la actividad de exploración h SolGold Plc (SOLG-TSX, LSE), que en Ecuador ha identificado 13 proyectos considerados prioritarios, dijo el miércoles 28 de abril que ha recaudado US$ 73,8 millones que serán destinados a financiar un mínimo de 40 000 metros de perforación diamantina, principalmente, y el estudio de factibilidad definitivo y otros trabajos relacionados con el desarrollo del depósito de cobre, plata y oro Alpala en su proyecto Cascabel, ubicado en la provincia de Imbabura, en el norte del país.

Hasta la fecha, la actividad de exploración ha identificado 15 centros de pórfido potenciales en Cascabel: Alpala Central, Alpala Northwest, Alpala Southeast, Hematite Hill, Alpala East, Alpala West, Alpala South, Moran, Trivinio, Carmen, Cristal, Aguinaga, Tandayama-América, y Parambas. a identificado 15 centros de pórfido potenciales en Cascabel: Alpala Central, Alpala Northwest, Alpala Southeast, Hematite Hill, Alpala East, Alpala West, Alpala South, Moran, Trivinio, Carmen, Cristal, Aguinaga, Tandayama-América, y Parambas.”

Thanks

TSX open today?

He went big on xtr

Bubble look up a beer called “sink the Bismarck”
One glass nearly killed me ..... you won’t believe the ABR .. Grumpy’s tipple I believe if they still make it

Really looking good here I can see 40-50p in a flash with some decent drilling results, new CEO and interesting additions to the shareholder register

Take up their allocation ...
https://www.google.co.uk/amp/s/amp.theaustralian.com.au/business/dataroom/bhp-newcrest-participate-in-solgold-raising/news-story/096927cd25122bcea6ed30303041f288

Also MD&A in next 10-14 days plus an updated shareholder register .....

New

Totally agree RK and we are soon to know our nes investors..... that could set the cat amongst the pigeons