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BHP became last year the top shareholder in Australian miner SolGold (LON:SOLG) (TSX:SOLG), which is developing the Cascabel copper-gold project in Ecuador. The asset has the potential to become one of the largest copper-gold assets ever discovered, with an estimated productive mine-life of 55 years.
https://www.mining.com/bhp-scraps-2-5bn-olympic-dam-expansion-plan/
Spend it on buying out soldgold ;)
I may miss out on current entry level but I am waiting. 750m shares to be issued against the current shares in issue of 365m. In addition how many shares will issued for the cash placing?
Shares will be issued at 0.8 which is a bit disappointing. What price will the placing be at?
At what price will they be raising up to £4.5m?
Wolfie if you read his tweets I dont he will be selling. The big news he is waiting for is the helium angle.
I think a lot of people get put off by spreads. I've learnt to ignore the spread when you see the potential as when news lands and more trading appears it will tighten up.
I have dipped in today. Fully funded and Glencore involved in Stone park. Stone Park could be sold and allow the company to focus on other assets? How much would Glencore or another party have to pay?
'The option of selling the Company's subsidiary which owns the Stonepark interest is under consideration.'
Gold would be good. If they released this RNS on Monday would it have had a better impact?
Hopingforbags don't disagree with what your saying. I will await more information.
Exactly Ivan. In this oil environment not good plus production seems low?
The oil and gas transaction is not what I was expecting. Production is low and only break even at $43.
In previous RNS the company has said 'Strong cash position following receipt of Eton Pharmaceuticals payment, with the Company now financed to profitability'
What has changed if the company was already financed to profitability?
Ukinvestor. You buying through the private platform with warrants?
Troajan.
Not a bad price. News flow next 6 months should push this higher.
Senegal drilling ongoing
Bibemi drilling to start. early rock chip sampling at Bibemi returning grades up to 135.40 grammes per tonne.
New licence news.
Good luck.
Newcrest Mining Limited (NCM:ASX) has received conditional approval to list on the Toronto Stock Exchange (TSX) on 13 October 2020 (Toronto time), subject to meeting customary conditions before listing.
The Company will retain its primary listing on the Australian Securities Exchange (ASX), and its secondary listing on PNGX Markets, under the trading symbol “NCM”.
Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas, said: "A North American listing is part of our strategy of pursuing growth in the Americas following our 70% acquisition of the Red Chris mine in Canada in 2019 and our investments in Ecuador.”
“We have observed an increase in interest from North American investors in the gold sector over the last six months. When combined with our large existing North American shareholder base it makes sense for Newcrest stock to be able to be traded in this time-zone”.
“We believe the TSX listing will improve the global visibility of the Company and broaden our access to the large North American capital pool."
Newcrest anticipates satisfying the remaining conditions for the listing to proceed and trading in the Company’s shares to be able to commence on the TSX on 13 October 2020 (Toronto time).
There is no equity offering planned to be associated with this listing.
Remember the uproar when RRE made an offer for IOG.
Those same shareholders defending IOG when they have done exactly the same to Delt.
All this rubbish being spouted. Nearly every company has a chance of raise via a rights issue or placing. Seems like you want to drive the price down. Anyway have a look at this presentation.
https://t.co/rgFCcQb0yr?amp=1
Troajan todays RNS is not the main project. Senegal results are not yet in.
I hadn't even seen it. 6.25 release.
Wow this is relentless. Nice to see.