Member Info for Padmaster

“Conclusion: The involvement of BHP technical staff into the project may prompt Newcrest into making an offer for the business.”

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BHP has agreed invest US$22m into SolGold.
BHP may also provide secondees to help with the feasibility study at the Cascabel project in Ecuador.
The secondees may also help in the regional exploration effort.
There is also a standstill agreement whereby BHP will not acquire more shares or make an offer for the company for two years without the permission of the SolGold board.
Conclusion: The involvement of BHP technical staff into the project may prompt Newcrest into making an offer for the business.

Pages 20 - 22

https://www.scribd.com/document/435689060/MicroCap-Review-Fall-2019#fullscreen&from_embed

Solgold is a unique investment opportunity within the copper and gold sector. In addition to its Alpala project, SolGold is strategically exploring a pipeline of potential Tier 1 projects which provides investors an opportunity to see multiple re-ratings in an emerging mining jurisdiction, supported by a focussed government. The strong outlook for copper with the added short-term ben-efits of gold rich deposits will see SolGold develop its ultimate vision to become a cop-per gold major in Ecuador

Solgold currently has 12 active rigs on Alpala, and plans to move three of these to other high priority regional projects. The remaining rigs at Alpala will focus on con- verting Inferred to Indicated, and contribute to the release of MRE#3, which is expected to be announced by year end, 2019.

Happy Christmas everyone

If Newcrest own over 15%, this going to be significant.

GLA

Melbourne-based BHP will add to its existing 11% holding in SolGold and become the developer’s largest shareholder ahead of Newcrest Mining Ltd., the people said, asking not to be identified because the matter is confidential. An announcement detailing the size of the investment could be made within days.

BHP are coming folks.

I hope you weren’t out over the weekend

GLA

Yes cookie, I believe your £1.32 target is very achievable

Yes cookie, the tide is turning. Rerate happening plus further re-rates x 12 to come IMHO

Well done NM and the team. It’s gonna be a happy Christmas singalong in a few weeks. GLA

Quick Trigger, close your shorts before your losses explode

Mining news speculates low ball offer.

Bonanza gold for SolGold in Ecuador
London-listed SolGold will be pleased at results from its drilling campaign at Blanca in the Andean copper belt, which found gold at grades as high as 617 grams per tonne - but whether the company can fend off a potential low-ball takeover bid remains to be seen.

https://www.miningnews.net/discovery/news/1375928/bonanza-gold-for-solgold-in-ecuador

Yes ColonelD, it is well documented that Solg has first refusal over Cornerstone's remaining 15% ownership of ENSA. This is lifted from the Solg annual information form 2017 :-

Following the closing of the placement pursuant to the Second Revised Cornerstone Term Sheet on March 10, 2014,
the Company held approximately 21,000,000 Cornerstone Shares or approximately 13% of the then issued and
outstanding Cornerstone Shares. SolGold also received a further 35% direct ownership interest in ENSA, thereby
increasing the Company's direct ownership interest in ENSA from 50% to 85% pursuant to its exercise of the Optional
Subscription (as defined and as more particularly described below). Under the Second Revised Cornerstone Term
Sheet, SolGold has been granted a first right of refusal over the remaining holding of Cornerstone in ENSA.

Bonanza style feeder zones - I like it.

GLA

NM Redcloud Fall Mining Showcase presentation from September
Published 14th November.

https://youtu.be/zklCzhRI8rA

https://www.brrmedia.co.uk/event-list-whitelabel/?partner=&apiitems=5&companycode=10SOLG

research - t r e e . com

https://*********************/media/solgold-investor-video-2019-14-11-2019

GLA

Thanks for sharing Hawaii

Light blue touch paper and stand well back. BOOM.

Anyone for a hot dog?

Thanks Oiltap and Kalan.
Yes Oiltap, a great opportunity to build a position in GLR at a steal of a price.
GlA

If I were a CGP holder I would definitely go for it!