Member Info for Padmaster

The market likes it - no surprise there.

As the herd arrives, this could achieve 50% rise by the close.

Put your ear to the ground. The thunder of hooves is fast approaching.
GLA

Spin out of assets:

SolGold has appointed Citigroup Global Markets Inc. and Maxit Capital LP (“Maxit Capital”) to act as financial advisors to assist with exploring value creating alternatives for the Combined Group. The Strategic Review Process may include, but shall not be limited to, evaluating and pursuing the following:

evaluating financing alternatives for the Combined Group;

a spin-out of assets, other than the Cascabel Project, to all shareholders of the Combined Group;

A bit of tidying up before the sale eh?

Get ready for take off.

GLA

How’s this for a link.

Mitsui has a finance partnership with Sumitomo Corporation. (I assume the same Mitsui organisation).

https://www.sumitomocorp.com/en/jp/news/release/2018/group/11030

Atsuhiro Kuroda (Sumitomo, Japan) attended a Cascabel tour in 2018

http://portergeo.com.au/tours/andeanporphyries2018/album/andeanporphyries2018photo22.asp

Yes Mathers. Clearly the two of them know each other closely.

Very interesting.
BHP recently had a metallurgical coal j/v with Mitsui.

https://www.mining.com/stanmore-coal-pays-mitsui-380m-for-full-control-of-queensland-coal-mines/

French for slug, Gino

ColonelRedK

Lots of unnecessary scaremongering IMHO.

Last year’s audited results stated the following:

“These factors [listed in the report] indicate the existence of material uncertainties which may cast significant doubt on the Group's and Company's ability to continue as a going concern.”

Any day now we could get that red dot we’re waiting for.
Either funding,
Or likelier - a bid to buy us out
GLA

I remember when Solomon Gold had no chief executive, no money and a disappointing Solomon Islands Project. NM had to step in from his non-exec director position to lead the business. We had the glimmer of hope in South America emerging. The share price was less than approaching 1p and the doom mongers were rampant. Chief deramper at the time was Ericeric.
Thank goodness for the mantra “be greedy when others are fearful”
Great opportunity here IMHO
Good luck to the good people here

Lol BnC

As the recent AFR article alludes, a fork in the road looms for BHP.
It’s either co-operate with funding proposals by Solg and take the dilution or reduced profit through streaming deals
Or
If you don’t like it, make a (sensible acceptable fair value) bid.

Quady- you’re an intelligent man. Surely you know a bid in the coming weeks is a very real possibility?
You can see it in the stars! (Or maybe you need a bigger telescope).
I think you do accept this really but are teasing us all.

Yes Bubble - a takeover is on the cards.
It seems the recent financing which fell through has highlighted the friction between the NM camp and the BHP/Newcrest camp.
Clearly BHP want financing through more shares for them and dilution for us, whereas NM wants the streaming route like the Franco deal.
The gloves are off. Offer fair price for the lot or risk the Franco type deal.
Us PI’s will be looked after as a consequence of NM’s handling from here. It’s got to happen before December AGM. certainly BHP are not going to do us any favours if they can get away with it.
Can’t see BHP wanting to lose this rare, valuable asset. I see a bid within 3 months. Fair value being your original £1.32 Bubble unless they go hostile.
All IMHO GLA

Good article Dave thanks for sharing.

“Macdonald expects Cornerstone Capital Resources to be bought out within the next 12 months.” Article dated 10th August 2022

Thanks for sharing article BnC

You beat me to it Novice!

Well, we’re in the blue today and rising.
Maybe FOMO and “the Market” seeing the end in sight - through a bid being made and very soon.
GLA

https://www.afr.com/companies/mining/green-metals-boom-leaves-old-miners-feeling-browned-off-20220810-p5b8r7

As deputy chairman of Perth stockbroking and financial services firm Argonaut, Liam Twigger is a well-known face in mining equity markets and the mergers and acquisitions space.

He is also chairman of SolGold; the Ecuadorian copper explorer that many believe will follow OZ into BHP’s acquisition crosshairs.

https://www.heraldsun.com.au/business/solgold-expansion-plans-wont-cop-capital-issues-says-darrly-cuzzubbo/news-story/ebec28b759b6d97a2bd31e41cc067326?amp&nk=91cb0bb8eb80f6bbb1d257195d4c3429-1659701942

SolGold expansion plans won’t cop capital issues, says Darrly Cuzzubbo

SolGold boss Darryl Cuzzubbo says the in-demand copper hopeful has enough cash to get through at least the end of the year.

The Australian Business Network
SolGold boss Darryl Cuzzubbo is chasing big copper and gold targets in Ecuador amid capital constraints.
SolGold boss Darryl Cuzzubbo is chasing big copper and gold targets in Ecuador amid capital constraints.
SolGold boss Darryl Cuzzubbo says the in-demand copper hopeful has enough cash to get through at least the end of the year, playing down the impact of a stalled capital raising effort on the company’s future.