Member Info for mattlilly

40....including Quady...

https://www.theguardian.com/environment/green-living-blog/2010/sep/23/carbon-footprint-new-car

"Producing a medium-sized new car costing £24,000 may generate more than 17 tonnes of CO2e – almost as much as three years' worth of gas and electricity in the typical UK home."

"Indeed, for each mile driven, the emissions from the manufacture of a top-of-the-range Land Rover Discovery that ends up being scrapped after 100,000 miles may be as much as four times higher than the tailpipe emissions of a Citroen C1."

"With this in mind, unless you do very high mileage or have a real gas-guzzler, it generally makes sense to keep your old car for as long as it is reliable – and to look after it carefully to extend its life as long as possible. If you make a car last to 200,000 miles rather than 100,000, then the emissions for each mile the car does in its lifetime may drop by as much as 50%, as a result of getting more distance out of the initial manufacturing emissions."

The damage to the planet by BUILDING a NEW electric car is far more than the damage my car will ever do in its entire life...

I NEVER buy new cars.

And I'm averaging 3,000 miles a year...

Ahhh...I missed the signifcance of this:

"“Parts of the strategic review had already commenced sometime ago and that includes bringing in parties that are interested in taking a stake at the asset level at Cascabel,” Mr Cuzzubbo said.

“There‘s been a number of visits to Cascabel of which one was tweeted. This is one of the options that we’re looking at – organisations that could take a strategic interest at the asset level. We’ve had an off-taker come and visit the site as well.”

So DC is saying that Mitsui want to buy a stake in Cascabel "at the asset level"...

Now THAT is very clever, because the presentation strongly revolved around the prospective value of Cascabel (up to 94p or more). And the Mining Vice Minister also said Mitsui want a stake in Cascabel.

So...DC is indicating what Mitsui would have to pay for a stake in Cascabel and that would then have a direct impact on the SOLG share price...

Add tp that a new party (even Mitsui ideally...) buying the 157m SOLG shares and you have a much higher SP...

Indeed the smart thing to do is to insist that Mitsui buy the SOLG stake at a modest premium now, guaranteeing them an uplift when they later buy a stake in Cascabel...

If all this happens Mitsui could become:

1 A 'poison pill' or

2 A leading prospective bidder for SOLG or

3 A prospective 100% owner of Cascabel or

4 The blue touch paper for a bidding war...

This strategy looks cleverer by the minute.

However meanwhile the Australian got their facts wrong:

The $3 to 3.5m cash burn per month is the TOTAL cash burn not the drilling cash burn...

How about this Lunch...?

The option to buy the shares for cash is a non recourse commitment by the CGP shareholders assuming they get shareholder approval...

So could it be to cover off the possibility that there is a bid, so that the prospective bidder can quickly acquire Solgold without waiting for the CGP delisting process...?

IH actually said a change of strategy...

Could that be from developing Cascabel to selling Solgold...?

In which case his funding expertise would no longer be needed...

Somebody asked for ideas for reinvestment of SOLG proceeds...

CWR are 81% below Berenberg 22 September rerate...i.e. potential 84% uplift and as green a share as you can find...

ATYM on a fallback from the impending results I will be adding...

Rio, Helipuerto and La Chica were the only projects DC mentioned after Cascabel and Porvenir...

So Rio cant be a dead duck!

2.5 million is nothing...

And please note...

MAXIT ARE M&A EXPERTS

They(Bob Sangha) own 11% of CGP

Maxit have been appointed to BOTH CGP & SOLG

There is a sale process underway.

Remember, Nick at Noosa said SOLG was developed to be sold and

Brooke Macdonald said CGP would be sold before end 2022 months ago...

It's only a matter of time but it better happen quick cos theres a global market fall coming...

Get a charisma implant...

Agreed but you have to wonder when the market is going to wake up to it...

Or is it more of the same...?

Nobody selling and nobody buying because theres no liquidity for large transactions...?

Until the first sniff of a bid...or the sale of CGP's stake to Mitsui...?

200k sale gone through just below market price...

And I'm firmly bid for 200k...

Somebody is hungry...

Filtered...39...

Pathetic...

Red across all 17 shares I am following...except GPM and ATYM...

Going down...

No idea...

Despite the stultifying tone, there was encouraging news in the presentation and all options are on the table...

They already have several interested parties and various ways of funding...

The cash problem is solved until next June (approx)

And we can realistically expect an announcememt of the CGP Solgold stake sale in the next few weeks.

He even implicitly acknowledged Mitsui's interest by saying they had visited Cascabel.

I don't know enough about these things but just supposing a predatory party is holding down the SP...

However the FTSE and industrial metals are down hard...copper and gold are going nowhere and the City is preoccupied with the Gilts/Pension fund crisis...

So you might say we're doing quite well in that context...

But no apparent bid speculation...even after today's article and Warren Irwin's teasing tweet...

Waiting for liftoff...?

Market reaction...?

Yawnnn...

Down 1.1/2% since the start of presentation...

"We're very excited about what the future holds for Solgold..."

He doesn't remotely sound like it...has he had ANY media training...

Presentation ends

Good call SM

"The current market conditions are tough, particularly for Junior Miners that are not producing..."