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I’m guessing it’s a cheaper way in to get 10-15% buying CGPs share rather than SOLG shares?

FTF
I agree with you, why wouldn’t someone who can’t afford SOLG not he interested in CGP’s share.
I’m amazed CGPs sure hasn’t been bought yet and I believe that’s the next corporate move we will see.

that they are on the way after PFS
'But bidders must persuade the head of SolGold and DRG Global in Australia they have what it takes'

Its all about the price and whether we are left with a share in Alpala or the other projects.

For me if we get a load of shares thrown in its a WIN WIN for me.

They may wait for Feb and the elections, although there will be elections through out the life of the development. I'm hoping the PFS is enough for majors to justify to their share holders a big price for SOLG.

Where is the source please re SOLG has bidders ?

.. how NM doesn’t seem to acknowledge that his self imposed missed deadlines have a negative Impact on credibility and the SP.

The title of the page is

“REASONS TO BUY CORNERSTONE”

So it couldn’t be clearer

They are desperate to sell

I simply copied it from their website

Whether it means CGP or their shares in Cascabel is up to you to decide.

Clearly the majors already know this, lets see if they think its worth the price of buying CGP for the increased stake or whether they go straight for SOLG

reasons , sorry typo

is the title page 11
We trade at a discount to:
? Cascabel JV partner SolGold’s share price
? the ~C$8.60 per share CGP’s top 3 shareholders paid
?BHP’s cost base in SolGold implies ~C$11 per CGP share
? Newcrest’s last purchase in SolGold implies ~C$13 per CGP share.
? BHP and Newcrest each own 13.6% of our joint venture partner and project operator SolGold (11.6% of the project each)
? Franco-Nevada has provided US$100M for feasibility study funding to SolGold in return for a 1% NSR royalty on SolGold’s share of the project

you both said it, two wrongs don't make a right,

I hope so, would be an interesting development in our story.

Rolled out from January, announced by Boris

Let’s hope ODX have a part to play in it

Rolled from Jan

Surely AVCT will play a part in this

You’ve clearly lost the plot if you think I’d need to stoop to those levels to have a pop at your lover

Yes

2.50 Unlikely at this stage

The new discovery at Porvenir should certainly have a positive impact on any bids for SOLG

Hoping we get PFS very soon and bids start to come in following PFS

No major would pay the sums needed without at least getting to PFS stage IMO

£2.50 a share would be be nice

And that includes your Sicko pals who recommended your post about you wishing someone gets Covid

That’s not accurate Dartfrog

There is no evidence for your theory re BHP and NCM would not join together because they are rivals, that’s not how this works, as it would be preferable for them to stop another company becoming a major competitor ie SOLG

NCM don’t have the cash, it was making the point that a diverse book argument does not stand up, it really doesn’t!

The Chinese or Barrick for instance will not be hindered by your ‘diverse book’ argument, neither will BHP we they are already part of this ‘diverse book’

For me the biggest flaw in his arguments is that he completely fails to acknowledge BHP and NCM already have a fair chunk of shares/ownership, for obvious reasons this puts them ahead of the game in any bidding against other majors.
Q talks as if they would use their own stakes to block their own bids, it’s completely nuts
As we’ve said MANY times if BHP and NCM bid together they would also have CGP’s share on board and won’t take many pi’s to push them over the line in being the majority holders.
Why he doesn’t or can’t understand these simple principles and figures is a mystery.