Member Info for Padmaster

We’re with you stevie. I’m confident this is the year for us. GLA

Great opportunity and price to buy now then eh stevie?

Yes cookie.
The period between now and October is key, particularly if someone apart from BHP want to make a move. it it is looking more and more likely that BHP will be suitors (for Solg or Cascabel/ENSA).

Note the very close relationship:
“SolGold has invited, and BHP may provide, secondees for the technical effort for the completion of Feasibility Studies at SolGold's 85% owned Cascabel project in Northern Ecuador and regional exploration effort.”

Also, it is 15th October when the BHP standstill and anti-collusion agreements end. The gloves are then off!

Any other third parties better be quick.

2020 - the year of the Solg.

Valentine’s Day Grimmy.
A box of matchmakers and resending the card I kept from three years ago always works!
lol

I’m hoping to do some breeding tonight.

Agree candid and kalan. I wasn’t suggesting an offer of £5m would be acceptable (to us shareholders) but maybe highlighting our possible vulnerability because of our current market cap compared with the true value of our assets.

Let’s hope Mr Bird delivers for us!

If we have many £millions of ore saleable to Jubilee over the next 3+ years.

Wouldn’t it make better commercial sense for Jubilee to buy out the whole of GLR for say double current Market cap of say £5million?

https://www.v o x markets.co.uk/articles/sp-angel-morning-view-eurozone-economic-growth-at-the-weakest-level-7-years-b6b33d8/

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SPangel - suggestion of corporate action between Solg, Newcrest and BHP

Keep the faith Rusty

The blue touch paper is lit. We now await the spectacular explosion.

In 2015 world copper production was 19 million tonnes.

https://en.m.wikipedia.org/wiki/Peak_copper

NM “We have the opportunity, if we get about all of this province, the ability to deliver something like 10%-20% of the world’s copper resources through Tier 1 mines in Ecuador all owned under the one roof by Solgold.”

How do you put a price on that? ££’s

Excellent posts earthling.
Re-rate - here we come!

Nearly there cookie. Each day forward is one less to magnificence.

Interesting to note from Iceberg’s post - “tweet from Ecuador govt yesterday that the international bank has agreed investment into Ecuador mining.”

Back in May last year after the PEA announcement it was reported that Solg intended to enter into fiscal talks with the Ecuadorian government (and third party financiers). I can’t imagine this was purely speculative! Watch this space!

“SolGold will start permitting and fiscal talks with the Ecuadorian government, as well as start discussions with third-party financiers to help SolGold pay for Alpala.”

https://www.morningstar.co.uk/uk/news/AN_1558345209684488400/solgold-excited-as-it-unveils-positive-economic-assessment-for-alpala.aspx

I suppose all share buying is a gamble to differing degrees, but I am happy about the potential with Galileo.

Particularly when I re-read the following extract from a recent GLR RNS: -

Ka****u Zinc is some 6 km from Jubilee Metals Group plc 's ("JMG") Kabwe zinc refinery plant, which JMG is developing to process its own willemite-bearing tailings and so potentially available to treat ore as well from Star Zinc
· The directors believe, that Ka****u Zinc has similar mineralisation to Star Zinc and future potential "ore" from Ka****u could supplement that from Star Zinc
· Historically, vanadium has been identified on Ka****u Zinc.
· Ka****u Zinc licence area is bigger than Star Zinc and is therefore believed to have the potential for a much larger tonnage based on interpretation of historical exploration on the prospect

Morning cookie. I expect a lot is happening in the background. Confidentiality agreements exist and are used for due diligence purposes when third parties are looking to acquire.
It will happen - whatever “it” is ! Lol
GLA

https://www.pngreport.com/mining/news/1379955/copper-assets-are-pure-gold

High possibility that Solg will be acquired : -

RFC concluded that of the 19, there were just five projects with a ‘high' probability of third-party merger and acquisition.

"This has been based on our assessment of a number of factors, including economics, permitting, location and geography, resource quality, the structure of existing shareholders, and other project issues," it said.

The largest of those is SolGold's Cascabel project in Ecuador with a copper resource of 10.84Mt and by far the highest net present value of the overall 19.

It noted Newcrest Mining and BHP each already hold over 14.5%.

"It appears that there is a lot of interest in SolGold and a competitive bid could occur if the Cascabel project achieves expectations," RFC said.

"We believe there is a high possibility of a third party (including the minority shareholders) looking to acquire the project outright or taking a significant interest in the medium-term."

https://www.proactiveinvestors.co.uk/companies/news/911663/jubilee-metals--continuing-to-grow-very-strongly--with-significant-earnings-boost-911663.html

Interview with Jubilee Metals
Reference to zinc at Sable from 5minutes onwards.

“We engage strategically with third parties (to supplement the surface material which Jubilee owns). Zinc refinery circuit at Sable - Zinc construction is in full swing. Pushing really hard to bring the zinc line into operation in the next reporting period” (ie first part of 2020).

Can only be Galileo’s Star Zinc. News must be very near now.