Member Info for earthling

I get he feeling someone is buying from the open market Too many big buys in the last week to just be pi’s IMO I think it may one of the institutions with NMs interests at heart Just a hunch but NM hopefully will have been reviewing strategy since BHP stake, to try and block any hostile TO

i don't think BHP can buy cornerstones share without us having the opportunity first? At least thats how I understood it?

Block not black Sorry typo

The new addition to the presentation The important factor is the high grade zone and it’s up there with the best global black caving mines It implies this high grade will be significant increased in volume This is very important and the last peice of the jigsaw for Alpla to confirm tier 1 status BHP stayed its Cascabel in particular they are interested in, they want copper and they see Ecuador as highly prospective

has SOLG written all over it re his top tip being Ecuador ;-)

He wasn't allowed to name individual stocks

Its anything but normal for here or any board on this site to behave as you have.

If you don't know that, which I suspect you do, you really do have some serious issues.

You won’t get one

and yes defo an update this week IMO, seeing as you asked ! lol

why didn't you sell at 38-39P?

I dont even believe you are invested now tbh, sad man home alone

no one believes you!

why don't you just.

or 75p for Cascabel plus 1 share in the company buying it for every thousand held in SOLG, for instance

We would then keep our shares in SOLG and get a one off dividend payment at the price Cascabel is sold at.

obviously one would need to keep hold of shares In SOLG until the dividend is paid, then some will move on and others like myself will stay around for round 2, and 3 etc. ?

for example, lets say they say Cascabel for 85p, on the day its signed we would get 85p per share, then the SP would drop back to a price of the value of SOLG without Cascabel, plus we may get some shares in the company buying Cascabel if they were to pay a lower price.

Thats how I see it, but like I say, happy to be corrected if this sent possible.

right, but I still don't understand you reasoning?

if NM decides SOLG is not for sale at this time and has Cascabel for sale, then that is what is available to buy, at whatever price its valued at.

what ever Cascabel is worth then obviously SOLG as a whole is worth at least this price plus say 11-15p for everything else at this stage.

Once Cascabel was sold and dividend paid for shares for Cascabel, then the SP would drop back until we develop another project further?

Its not unusual in a sale of a resource or company and get shares in the other company thrown in as well, this would work in a full buy out of SOLG, as we then have shares in the company developing the tenements, as well as the dividend paid for the buy out.

ohwhatanight, I don't agree with your reasoning re how would it work just buying Cascabel

its possible to buy Cascabel without buying the whole company.

It doesn't matter necessarily what the value of ENSA is, If we sold Cascabel then we would get 85% and Cornerstone 15$ of that price paid for Cascabel, leaving SOLG as a company to continue on the other projects.

At least his is how I understand it, happy to be corrected if I've got this wrong.

but thats just it, how could someone buy a majority stake on the open market?, they can't as far as I'm aware.

Such a hostile move is being blocked by Nm's corporate strategy.

NM is not daft, he will do what he needs to in order to secure majority ownership until the right deal is confirmed.

BHP may well try and have those motives but I don't think Nm will allow this to happen.

To boot strap the main mine at he hear of the porphyry with BNs gold, it gets interesting as I’m pretty sure although very close BN is outside of the Cascabel licence area Therefore someone buying just Cascabel would not have BN included A major maybe waiting for BN drilling results, at least primary drills, to see if this strategy is a goer or not Then they would have to buy the BN area as well as Cascabel leaving SOLG to concentrate on the their projects in Ecuador It does seem quite complicated as there are several options available to NM, but he had been here before and I trust his judgment thus far It’s a bit like a game of chess from here getting the best value for shareholders Any sale of even part of ENSA will IMO be way north of current SP

IMO and practically possible for SOLG to just sell Cascabel rather than the whole of SOLG.

Cascabel can be sold, not Alpala alone, but I believe NM's model was that we sell resource by resource allowing us to keep the other projects, giving us the opportunity to also produce int he future.

I personally don't think Cascabel is the one for us to produce due to size and costs it is much more likely A major or consortium will develop Cascabel.

I do believe its possible for NM to get the funding to do this, probably with Newcrest, but its not my preferred route.

Still confident we will get more than one bid for Cascabel and it makes sense the bid is made as soon as possible, as the more we prove up the more expensive the resource becomes to buy

You said

"They only need another 45% to outright control us"

Thats a lot to get in current situation, NM will be making sure that they cant get their hands on that amount, unless they make an offer the resource.

the high grade core then is expected to be up there with the best of them, bar a couple ahead of us.

And this is global!