Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Q, not everything that Solgold have stated is true. Many a time have we seen a correction of Solgold "facts".
https://cornerstoneresources.com/news-releases/19-03-cornerstone-responds-to-solgold-announcement/
Note the para that states:
"Cornerstone shareholders should also be aware that the Blanca, Nieves and Rio Mira concessions that SolGold incorrectly states are 100% owned by SolGold are in fact within the 5 km area of interest of the Cascabel concession and Cornerstone's 15% carried interest (described below) applies to these concessions too. In fact, SolGold's 85% interest is conditional on it fulfilling its obligations with respect to Cornerstone's carried interest"
As you know over time Cornerstone (and Warren Irwin) have called out Solgold on various matters and have been proved to be correct - and/or Solgold have reacted upon their statements.
Therefore what Solgold have said in the past has not necessarily been fact. I am not a conspiracy theorist - merely a realist.
Anyone have access to level 2? What is the book looking like?
Depends if they have a agreed a price range in principle - good news in other tenements would push the price of solgold share price up (independent of Cascabel). If these were not part of the deal it will skew the price. If I was a purchaser I would have issued a conditional and asked for a news blackout of drilling results.
Pinot - my thoughts exactly. Have already posted this (19 Jan 2021 11:58). This may therefore explain silence on the exploration news front...
I wonder if a JV will happen for Solgold and as part of the deal the other companies will spin off (eg Green Rock/ Carnegie Ridge) - is this Nick's plan to lead these? It would explain some of the silence on the exploration front.
Add, I also emailed the company on Monday asking what the drilling update policy would be so to add some consistency to the updates and expectations. Also nothing back
You are milking it now
Add, By trash talking they have actually allowed a heads up to NM and team to get their house in order.
Trying to work out what will hope. To SP if resolutions go through or are blocked. Difficult to call. Any ideas?
Their RNS is purely a copy of ours - even quoting Ben Whistler... Not sure whether to read more into this in that relationships have softenened?
Anyone with access to L2? How does the book look?
sjn, I hold a similar value (5m+) across trading platform, ISA and SIPP. This equates to 0.25% of the company - so please vote - all these add up.
nm
Fastjet - I can dummy sell up to 1.1mill so suggests that they need shares.
ANyone have Level2 access? How is the book looking?
Who are valuestone advisors - to raise $5m at US0.42 (= 32p)?
Just reading back through this RNS about BHP placing at £45m at 45p. One of the conditions was
“ Ø BHP will, for a period of two years, support the recommendations of the SolGold Board in respect of any shareholder approvals required in connection with any change of control transaction involving the Cascabel Project or SolGold, provided it is supported by an Independent Expert appointed by the SolGold Board and 60% of SolGold shareholders (disregarding BHP's shares) accept or approve the transaction”
Reflecting back - this is interesting in that NM has also been quoted as to say that taxes are prohibitive for Cascabel alone.....
If so, why was this clause even listed?
Redknight - I think J London is actually a poster used to be here called "news" - the writing style is identical and used to end up in arguments with supposed "evidence" etc. Good researcher but as you say tedious
ooops thanks Mog :-/
Zoros / Pad re : "drill hole BDH 20-03" I believe it IS leaked news.
Pad you think it relates to rock samples but the labelling of these are different: refer to this RNS: https://www.lse.co.uk/rns/SOLG/blanca-project-update-o5cswne5efdfpn2.html
Rock chip samples start with an "R" eg R01000651
Note that the drill hole logic is site letter (eg "P" for Porvenier), then "DH" assume Drill Hole - Year- then number....
Ie Porvenier first one is PDH-20-001.
Cascabel used logic CSD-16-001 etc
ON this logic Blanca is BDH-20-003 - ie this is the third hole drilled (in 2020)....
Anyone have access to level 2. Are the blocker sells back?