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"A finalised JV agreement with Anglo American would be significant for #ARCM and derisk the company, in our view. There is no doubt that Anglo rates Arc’s Zambian concessions highly." says broker WH Ireland
https://twitter.com/ArcMinerals/status/1623286852248604672
I have no access to the full article
Think you want this link
https://twitter.com/ArcMinerals/status/1623234371682504706
"Newcrest’s stake in Ecuadorian explorer SolGold was worth about $84 million on Monday, and while it shapes as a good long-term prospect, a split in the share register is frustrating Newcrest and fellow shareholder BHP.
The owner of the tenements that surround SolGold, Gina Rinehart, would no doubt be interested if Newcrest’s stake came on the market."
This is BHP's strategy , summed up in one paragraph, one hopes they apply this to Solgold, or at least try
"Now, BHP has agreed to pay fees and exploration costs for three copper exploration targets in Serbia with Canada’s Mundoro Capital Inc. The accord ultimately allows BHP to take full control of any or all of the assets, should they find enough copper to justify building a mine"
These are the instructions i recived a few years ago
"Navigate to https://web.lumiagm.com and you will be prompted to enter the Meeting ID which is 175-614-205"
"After entering the Meeting ID, please choose the “I am a guest” option;"
So i'm hoping there will be a guest button appear later
The last few years you could access the AGM stream via a guest log on, this year the log on splash page does not have a guest log on.......................Looks like we are flying blind and only those that have access to their SRN and pin will be watching
This one rcgl2 ?
https://integraresources.com/site/assets/files/2612/the_white_paper_-_george_salamis_vuse_final.pdf
From memory Brooke Macdonald gave a price of $0.06 per pound in the ground for Copper + Gold (CU), which based on the figures for Cascabel gives a value of $1.68B for the concession
And hence we are looking at 55p per share, assuming 3B shares after the merger
Only one word from Warren Irwin
BOOM!
https://twitter.com/bigdude6669/status/1595419299392651265
Think some have missed the key point...
" it is expected that the Cascabel Definitive Feasibility Study ("DFS") and the Porvenir Preliminary Economic Assessment will be delayed."
The DFS was due end of next year, an update to the PFS was due Q4 this year, it hasn't mentioned the updated PFS, so are we still expecting that ?
3 Steps
"First Step - Friendly Merger with Cornerstone - COMPLETE,
Second Step - Raise US$50 million in non-dilutive financing - COMPLETE
Third Step - Realize full value for SolGold Shareholders - IN PROGRESS"
https://twitter.com/bigdude6669/status/1589558410294722560
More from Irwin
"I have known Scott Caldwell for a lot of years. He has the skills and I believe he will do the right things for SolGold shareholders. He has been on the SolGold board before, so knows the challenges SolGold faces. Onwards to Step #3"
https://twitter.com/bigdude6669/status/1590724225798901766
There are some screen dumps of the article over on hotcopper
https://hotcopper.com.au/threads/solgold-cornerstone-merger.7007380/page-2
Fort, i'm of the opinion the $50M is restricted to Cascabel
"The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to announce that SolGold has entered into a binding agreement with Osisko Gold Royalties Ltd ("Osisko") for a US$50 million royalty financing ("Royalty Financing") with reference to the Company's Cascabel copper-gold project in northern Ecuador"
Full text below, if you can't access it
"Brisbane-headquartered SolGold has secured $US50 million ($77.3 million) in royalty financing as it looks to advance its flagship Cascabel copper-gold project in northern Ecuador.
SolGold, which has BHP and Newcrest as big shareholders, said on Tuesday that it had struck a deal whereby Osisko Gold Royalties Limited will provide the funding in return for 0.6 per cent net smelter return royalty.
The latest deal under chief executive Darryl Cuzzubbo comes after SolGold confirmed it was in talks with potential partners in Cascabel as part of a strategic review of the giant copper project.
Perth-based SolGold chairman Liam Twigger said the funding removed the financing overhang that has encumbered SolGold.
“SolGold can now devote its complete attention to the strategic review process which is currently underway to maximise shareholder value,” he said.
SolGold, which is listed on the London and Toronto stock exchanges, had to withdraw a potential capital raising in July.
The company then parted ways with former Oil Search executive Ayten Saridas, after her short stint as chief financial officer, and two directors. It has a prickly relationship with BHP, which owns 13.6 per cent of the stock, and Newcrest (13.5 per cent).
The financing deal with Canada’s Osisko includes an option to buy back a third of the royalty, which covers returns from the Cascabel licence area.
Osisko chief executive Sandeep Singh said SolGold had one of the best copper-gold discoveries made in the past decade.
“SolGold was a first mover in Ecuador and we view the broader Cascabel property as having the geological potential to support significant further discoveries,” he said.
In October, SolGold unveiled a deal to simplify the ownership structure of Cascabel through a friendly tie-up with co-owner Cornerstone Capital Partners.
The deal would see Cornerstone, which has a 15 per cent stake in Cascabel, emerge with a 20 per cent stake in SolGold and at the same time dilute the BHP and Newcrest stakes down to just over 10 per cent apiece.
SolGold would then own Cascabel outright and become a more tempting takeover target
In announcing the deal, SolGold confirmed the strategic review aimed at securing enough longer-term funding to see it through to a final investment decision on Cascabel."
With Cornerstone wanting an exit from Cascabel, and now DGR will be putting "solgold/Cascabel" into the shop window, at the moment I'm seeing an outcome where solgold carry on as being 100% owned by a major, ie
Solgold a BHP company
Thought this line is compelling
"Facilitate enhanced corporate attention on SolGold"
https://wcsecure.weblink.com.au/pdf/DGR/02582402.pdf