RE: BHP can deploy up to $41B in M&A, without having to seek shareholder approval27 Jan 2022 08:36
Bozi, At the risk of everyone labelling me as having an agenda, I can only suggest it is all based around similar uncertainty as highlighted by the Crux report. Solgs continued failure to deliver a positive PFS may not actually be down to incompetence, as I and many others gave moaned about... But down to the cold hard facts they laid out.. And are often ignored here in favour of dreams and wishful thinking.
we own, and continue to hold shares in this, hoping it will one day soon pay out, but I am continually asking myself the same question as you, why, if we are so ‘vulnerable’ as Mather used to always say hasn’t anyone tried to take it, or us out. Without question, the location and therefore lack of stability, when trying to build a multi generational mine will be one reason, The depth and therefore expense, another, but that would seem to be offset by predicted metal prices, And Ecuador’s continued push to develop its mining industry.
I follow what Irwin has to say on such topics, as he has, over the years, been right more than he has wrong. The likes of BHP probably don’t need our PFS to know what we have. They will have better experts than us and Crux... and clearly after Twiggers statement re their meddling, they are still very interested..
I do find Newcrests silence for so long a little strange, after openly saying a while back, they were reviewing their options regarding Solg.... my Biggest concern here (Beyond that lingering Crux report) is BHP and Newcrest having already sewn up a deal between themselves and just standing back, while we get continually stuck in the sand going nowhere, lacking firepower, with an asset clearly too big for us to handle alone... I just hope that when we need to raise funds later in the year, they stay clear of BHP and offer the Chinese a bigger slice... that would be a better put up or shut up statement.
Anyway, just my thoughts
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