RE: Absolute shambles...10 Sep 2020 00:12
Listen BHP or NCM could have taken SOLG out long ago but chose a different route.. BHP tried with a lowball offer and had to take an interest piece by piece due to NCM's involvement.
SOLG have strengthened their arm to prevent any hostile or further lowball bids.
Drills will be running at La Hueca and Porvenir and Rio, it transpires, is larger than Alpala.
Get a gold prospect up and running via France-Nevada at a much lower cost and timeline, 1 maybe 2 years, then further funding is null and void going forward.
There are many twists and turns but Nick knows the value of his assets and for sure SOLG will not be taken out for pennies.
Do BHP or others have the cajones to stump up multi billion $ offers; it's a wait and see scenario. They have been reticent in recent years due to management and structural changes, taking a more measured approach during those boardroom shifts. Is the old mindset still there? I don't know, but suspect not ! IMO
But if SOLG can get stream financing for Alpala then they can get similar financing for Blanca Nieves which would take less funding and less time to bring online and in turn fund further projects as mentioned above ..
It's my thoughts and what I have based my investment here on. Regardless of the worms or rattlesnakes that have frequented the board, it is my choices that determine. whether I sell or hold, no one else !
Over the last decade I have listened to some good posters who have fell by the wayside and have seen a turn in some posters that I never expected.
But the Shills are easy to spot and ignore.
When SOLG goes online live and producing the benefits will be huge!
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