Member Info for Padmaster

Massive -let bygones be bygones. One big happy Solg family now.
Let’s sail on this rising tide all together.
FOMO fever ahead of imminent takeover news imho.
Good luck everyone.

Spot on Bubble - hope you are well.
I’m expecting a Solgold Chinese takeaway soon!
GLA

Keep up the good work Fort.

Predictable how the infestor noise increases when massive news is imminent.
Some of these infestors have played the same game over a long time. Leopards don’t change their spots eh?

20p here we come.
Welcome back old friend.

Highest bidder fits slug, but Irwin likely wouldn’t have bit his tongue to stop himself saying “highest bidder”

“We’re trying to sell it now to the ….. er I can’t say who it is”.

What is naturally followed by “the”?
Not BHP or a name of a company.
Chinese?

“We’re on our way, we’re on our way.
To a sale of Solg, we’re on our way.
How we get here, I don’t know.
How we get here I don’t care.
All I know is Solgold’s on their way.”

Not yet Quady. Cloudy skies over past few nights. Hope to see it still, though will quickly get fainter.
(Apologies to all for off topic)

Have you seen the comet Quady?

https://www.bnamericas.com/en/news/ecuador-expects-us3bn-construction-of-2-mines-to-kick-off-next-year

Ecuador expects pre-construction works to begin at the Cascabel and Curipamba mining projects by the end of the year, and construction to kick off in 2024, energy and mines minister Fernando Santos told BNamericas.

“There's very encouraging news. We're negotiating the move to the production stage of both Cascabel and Curipamba, which will begin construction of their mines next year," Santos said.

The Cascabel copper-gold project is located in the northern province of Imbabura. It belongs to Australia's SolGold and will require an investment of US$2.75bn.

Interesting article on Chinese on the mining acquisitions trail including South America.

https://www.reuters.com/article/mining-gold-china-ma-idUSL5N2L02O1

I particularly like this quote:
“Chinese companies move quickly and have easier access to cash.
“It’s like being in an auction with someone who doesn’t really care if they pay double what it’s worth – they keep bidding,” the executive said”

And:
“State financing is one of China’s advantages in carrying out overseas acquisitions, Chifeng Gold said, adding that it believes the Bibiani mine was bought at a “fully competitive price”.
‘THEY KEEP BIDDING’”

Our Nomad, SPAngel suggests another Solg discover will become a mine before Alpala/Cascabel.

https://www.proactiveinvestors.com/companies/news/1002961/today-s-market-view-azure-minerals-blencowe-resources-cornish-metals-and-more-1002961.html

“We suspect one of the other significant exploration discoveries might produce SolGold’s first copper mine given the sheer scale of the Cascabel mining project.”

https://cornerstoneresources.com/news-releases/22-24-cornerstone-files-management-information-circular-for-proposed-arrangement-with-solgold/

So, there IS a bidding war according to the article and not merely a ”potential” bidding war.
Maybe lots happening behind the scenes?

............copper space is getting hotter as the majors step up their hunt.

https://stockhead.com.au/resources/asx-copper-plays-looking-mighty-attractive-as-price-heads-north-and-ma-ramps-up/

“It is expected that good new discoveries will be well rewarded, and be the focus of strategy investors and M&A.“

“In the last month Ecuadorian porphyry developer and explorer SolGold has attracted Jiangxi, the largest copper producer in China, as a third strategic investor on its register in addition to BHP and Newcrest, prompting speculation of a potential bidding war.

SolGold is a case study for the value created from the discovery of a gold-rich copper porphyry, which re-rated 20x between holes 13 and 67 at the Cascabel project, despite an unfavourable copper price and general resource markets at that time.”

Noted Orthern - ta

What makes you thinks it’s a re-submission due to error? Surely it’s merely due process?

Thanks for your price updates on the bid Rk - appreciated

“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