RE: Mining Journal article today13 Jan 2026 17:56
Basically says Solgold were in a hole.
"No doubt the Chinese drove a hard bargain, perhaps threatening not to take up their shares in the event of an equity raise, and doubtless SolGold needed the money after burning through cash at an alarming rate."
"BHP has, at one time or another, massively overpaid for SolGold's shares. Any losses amount to peanuts for a firm the size of BHP - all the same, one can't help feeling SoGold's imminent sale to the Chinese doesn't quite feel right."