Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“Lots of the regular posters on here have been stating an offer or bidding war between majors was imminent..... since 2014. Not only for a couple of years. Yet here we are. Nearly 2023, and not a dickie bird”
In 2016 BHP bid $275 million on the Cascabel project in return for 70% of SolGold's 85% stake in it.
Stack - you have to own the mine to be able to manipulate in that way. I would buy that future proofing asset before it’s taken away for good by a competitor - especially if it is a rare, tier 1 discovery capable of being “manipulated” for 60+ years.
GLA
This article from 2020 is worth re-reading and is very relevant to where we are today:
https://www.afr.com/companies/mining/solgold-seeks-funds-ahead-of-bhp-s-unshackling-20200211-p53ztp
“Cornerstone has argued the Cascabel project should be auctioned to the highest bidder.
Prominent Canadian mining investor Bob Sangha confirmed this week he also believed Cascabel should be auctioned rather than SolGold take the long and expensive journey to mine development.
Mr Sangha is the biggest shareholder in Cornerstone with more than 16 per cent and his company also owns more than 1 per cent of Solgold.”
NM July 2020:
“The market capitalisation of SolGold is well underneath the value of Alpala alone without considering the value of the 13 other projects. There is of course continual speculation that the company may receive takeover offers. It would need to be very hefty to receive my recommendation.”
“….the alleviation of near-term funding stress should help to re-rate the stock and leaves value-enhancing options open to SOLG as its Strategic Review continues.”
https://*********************/research/hannam-partners/solgold-us-50m-osisko-royalty-alleviates-balance-sheet-stress-and-should-close-cascabel-valuation-g/95_cebe2525-64e1-4e50-8962-431c2e439f9a/eb2bc8dc-eeb7-434b-b247-af4719d3ae93
https://wp-solgold-2021.s3.eu-west-2.amazonaws.com/media/2022/10/SolGold-Annual-Report-2022.pdf
“Does anybody have any ear defenders as those ducks are unbearable now :))”
https://m.youtube.com/watch?v=v_pi24xsvtc
Here’s one for you Novice. The newsreader confirms they’re on their way to South America - and we all know exactly where to!
GLA
Yes Shippy, the Cornerstone merger is not a one way street. We inherit the share of the Bramederos joint venture with Sunstone metals. And it is Sunstone who have director Malcolm Norris and chief geologist Bruce Rohrlach who were the original Solomon Gold team which brought us the Cascabel discovery.
GLA
Last night’s behaviour by Satanclaus/filthy rich/Kalibari/slug/Quadybot/etc was bordering on criminal.
Whilst we might disagree with Quady and his diverse book, he is an honourable man. His continuing
abuse is unacceptable.