Member Info for mattlilly

Solid steady PI buying...

24 consecutive green stripes novice...

GDXJ 3 year high...GDX 4 year...

The Solg SP seems to have been forming a giant bowl since April 2022 that could take us back to 40p...or beyond...

If we last that long...perfect storm coming...?

Apart from which, in the weeek before DBH summarised the 121 with Scott they had 37 meetings with instis and analysts...

So although it doen't look like instis are selling, there isn't sufficient liquidity for them and the HNW individuals in Ecuador to pick up meaningful size...without pushing the price well up...

Ironically thats what we need...a break to 12p and beyond...

Sorry...hadn't checked in recently...

Cheers Ashton...20 million plus including the wife...

I read every one of your posts...thanks for keeping this BB sane...

0.74% shorts closed...

GDX close to a 4 year high...GDXJ 3 yrs 3 months...COPX only 10% off a 13 year high...

Being bought at 10.92 on TMX

Copper has risen 10% in the last 2 weeks...

ATYM has risen almost 20 % but SOLG only 10%...

Just laying out the prospective bidders...

"SolGold, part owned by BHP and Newmont, said the deal was on top of funds already committed by Ecuador under an Investment Protection Agreement for Cascabel, which is close to Mrs Rinehart’s existing copper-gold project in the South American nation."

https://www.afr.com/companies/mining/gina-rinehart-goes-big-on-copper-with-186m-ecuador-play-20240418-p5fkqn

Https://www.afr.com/companies/mining/rinehart-has-solgold-surrounded-on-three-sides-20180906-h1509s

"The time is ripe for Rio Tinto to use its soaring share price and strong balance sheet to make a major acquisition in copper, according to boutique fund manager Tribeca Investment Partners.

Tribeca portfolio manager Ben Cleary said Rio should consider coming in over the top of BHP and Newcrest and buy SolGold and its copper assets in Ecuador.

"This is one we have been watching and we think the asset is better off in Rio's hands," he said."

https://www.afr.com/companies/rio-urged-to-take-the-plunge-into-ma-after-record-cash-splash-20190228-h1bufc

"Rio Tinto's acquisition "sets the scene for next year and [highlights] the importance of having world-class assets in a market which is significantly short copper," said Liam Twigger, executive director of financial advisory Argonaut Securities and chairman of SolGold PLC. SolGold's Cascabel copper-gold project in Ecuador has attracted the interest of BHP and Newcrest Mining Ltd...."

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/rio-tinto-bhp-group-copper-acquisitions-set-tone-for-year-of-high-premium-deals-73558096

"Management teams at BHP (BHP) and Rio Tinto (RIO) have talked more about buying very early-stage projects rather than more advanced options, and there is plenty of wisdom to this.....Investors have been betting on existing shareholders BHP or Newcrest Mining (AU:NCM) buying out the company for years but they are still waiting."

https://www.investorschronicle.co.uk/content/c1b4e78c-5d27-57ef-ae51-f4ec47f0df5d

Https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fmining-energy%2Fjapans-mitsui-a-possible-rival-for-bhp-and-newcrest-in-solgold-copper-project%2Fnews-story%2F1936837cbd7ff28d662c01be59f3874d&memtype=anonymous&mode=premium&v21=GROUPA-Segment-1-NOSCORE&V21spcbehaviour=append

14 Oct 2022 — Japanese commodities giant Mitsui could emerge as a rival for BHP and Newcrest in the development of SolGold's South American copper project ....

"Unless there is a string of very positive pieces of corporate news emanating from the company, I cannot imagine that BHP, which now holds 10.36% of the equity, will take up its option.

However, it could well make an outright bid for the company.

That would certainly gain the attention of the group’s second biggest shareholder, Newcrest Mining with a 10.31% stake and the Jiangxi Copper Company with 6.02%...."

https://ukinvestormagazine.co.uk/solgold-first-mover-advantage-in-ecuador-creates-world-class-copper-gold-potential-bhp-very-interested/

https://www.bhp.com/news/media-centre/releases/2019/11/copper-update-additional-interest-in-solgold

Under the terms of the new share subscription agreement, BHP will also receive options over 19.25 million SolGold shares which are exercisable until 25 November 2024 at a price of 37 pence per share.

"The same ‘as seen’ value considerations would apply for any other bidder of course, although I can’t see that BHP would have as big a motive to acquire Cascabel as does Newmont, even though rumours are that it is still interested. Its not for me to say. But maybe Solgold’s game-changer, and copper showing early signs of its long-expected surge, could persuade Newmont to rethink what to do with that $2bn..."

https://masterinvestor.co.uk/commodities/solgold-looking-much-more-compelling/#google_vignette