Member Info for Qalibashi

Earthling on £3.5b around £2.20 per share

Now 148,000 v 70,000
Moving for another rise soon.

Q

161,900 v 115,000

Battle of the giants .

Whichever way this next moves will dictate the day .

Q

Never seen it so strong in our favour.

Arda never held out for long did they!

Popped away the20,000 at 28.5 and we go up .5.

Lovely .

Q

Only one on the offer

Can't see them stopping there for too long.

What a great day.

Moreto come as momentum is with us now.

Q

Up 40% in 2 days indicates to me that steps are already afoot to buyout Tjeir Solg holding no doubt at a decent premium.

Very very exciting times ahead and I guess we are only talking months.

The revised MRE will encourage majors to ramp upbtheir appetite for Solgold and there is pretty much nothing NM can do apart from keep the wolves from his door apart from play hardball on the terms.

He is not going to give it away on the cheap after all he has put in to it.

For us shareholders it's a win win situation.

Q

Sav - yes

What comes next we can only speculate about; but I think a few potential scenarios seem to already be rising to the top of the renewed, excited chatter over Cascabel. One has BHP and Newcrest locking themselves in a room and agreeing to a framework where both would be involved in a move (it's not that unusual for two major companies to cooperate in the development of a big, Tier One asset.)

And a tantalizing one for those of you who own Cornerstone specifically is that if a larger company were to try to take it out all together, it would get Cornerstone's overall, combined 23% interest in Cascabel.

The plot thickens!

As always, drop me a note if you have any questions or comments.

Good morning, Colin --

Yesterday, the recently-depressed shares of both Cornerstone Capital Resources (TSXV-CGP; OTC-CTNXF) and SolGold, plc (LSE-SOLG; TSX-SOLG; OTC-SLGGF) surged higher following the news that global mining heavyweight BHP Billiton finally got its foot in the door where the world-class Cascabel Project is concerned.

Yours truly (far right) with officials of both Cornerstone and SolGold at Cascabel during a late 2016 trip there.

It was while I was in Ecuador for an extended time back in the Fall of 2016 that BHP first approached majority owner and operator SolGold with an offer to invest $270 million to further exploration. . .if SOLG would part with as much as 70% interest.

Appropriately, SolGold said, "Not interested."

After all, Cascabel has been revealed increasingly as THE most exciting, prospective new MAJOR copper/gold porphyry in the world. It's in a country--Ecuador--that has been lauded in the recent past as THE most compelling mining jurisdiction in the world. And as was widely believed by those of us at the time who have followed Cascabel from Day One, BHP's attempt to get majority control on the cheap was borderline insulting (though I can't blame them for trying!)

The news that BHP has now paid a healthy premium to buy out Guyana Goldfields' 6.1% interest in SolGold's own shares is noteworthy. It by no means gives BHP any kind of control. Australia's Newcrest Mining still owns 14.5% of SolGold.

But it's pretty much unanimously believed (as the below snippet from Red Cloud suggests) that BHP -- which for the most part has been somewhat late to the "party" in Ecuador -- has made only its first move.



Even with my prognosis that there is unlikely to be a meaningful recovery for metals any time soon, this move by BHP, in my opinion, very likely DOES mark the bottom for both Cornerstone's and SolGold's long corrections from their excited peaks of mid-2017.

We will now see a ramped-up "cat and mouse" game of majors trying to get either a bigger piece or outright control of Cascabel.

AND -- Before much longer that may become even more urgent on their part. In the not too distant future, SolGold will be coming out with an updated resource calculation, augmenting that released in 2018's first week. By all appearances -- and considering that there has been more drilling this year than in the entirety of Cascabel's exploration history -- the coming upgrade could be eye-popping. And that's become ever more likely given the BIG grades and intercepts that have been reported most recently at the core Alpala resource.

What comes next we can only speculate about; but I think a few potential scenarios seem to already be rising to the top of the renewed, excited chatter over Cascabel. One has BHP and Newcrest locking themselves in a room and agreeing to a framework where both would be involved in a move (it's not that un

Yesterday, the recently-depressed shares of both Cornerstone Capital Resources (TSXV-CGP; OTC-CTNXF) and SolGold, plc (LSE-SOLG; TSX-SOLG; OTC-SLGGF) surged higher following the news that global mining heavyweight BHP Billiton finally got its foot in the door where the world-class Cascabel Project is concerned.

Yours truly (far right) with officials of both Cornerstone and SolGold at Cascabel during a late 2016 trip there.

It was while I was in Ecuador for an extended time back in the Fall of 2016 that BHP first approached majority owner and operator SolGold with an offer to invest $270 million to further exploration. . .if SOLG would part with as much as 70% interest.

Appropriately, SolGold said, "Not interested."

After all, Cascabel has been revealed increasingly as THE most exciting, prospective new MAJOR copper/gold porphyry in the world. It's in a country--Ecuador--that has been lauded in the recent past as THE most compelling mining jurisdiction in the world. And as was widely believed by those of us at the time who have followed Cascabel from Day One, BHP's attempt to get majority control on the cheap was borderline insulting (though I can't blame them for trying!)

The news that BHP has now paid a healthy premium to buy out Guyana Goldfields' 6.1% interest in SolGold's own shares is noteworthy. It by no means gives BHP any kind of control. Australia's Newcrest Mining still owns 14.5% of SolGold.

But it's pretty much unanimously believed (as the below snippet from Red Cloud suggests) that BHP -- which for the most part has been somewhat late to the "party" in Ecuador -- has made only its first move.



Even with my prognosis that there is unlikely to be a meaningful recovery for metals any time soon, this move by BHP, in my opinion, very likely DOES mark the bottom for both Cornerstone's and SolGold's long corrections from their excited peaks of mid-2017.

We will now see a ramped-up "cat and mouse" game of majors trying to get either a bigger piece or outright control of Cascabel.

AND -- Before much longer that may become even more urgent on their part. In the not too distant future, SolGold will be coming out with an updated resource calculation, augmenting that released in 2018's first week. By all appearances -- and considering that there has been more drilling this year than in the entirety of Cascabel's exploration history -- the coming upgrade could be eye-popping. And that's become ever more likely given the BIG grades and intercepts that have been reported most recently at the core Alpala resource.

What comes next we can only speculate about; but I think a few potential scenarios seem to already be rising to the top of the renewed, excited chatter over Cascabel. One has BHP and Newcrest locking themselves in a room and agreeing to a framework where both would be involved in a move (it's not that unusual for two major companies to co

You said

Certainly things are warming up, its not unusual in these times for majors to get a piece of the action rather than full buy outs, but its also a distinct probability someone will want to have this resource for themselves, as they look ahead a decade for instance.

Spot on .

As all the reports suggest today no one wants to share the worlds largest share nexplored mine.

Any major interested will want it all and not to share.

A brilliant manoeuvre by BHP to take 6% via the back door.

I would think Newcrest must be bricking it knowing they don't have it all their own way.

Multiple bids are on the way and despite nicks pontificating that he will take it to a mining company he is rubbing his hands in glee of making a personal fortune.

He deserves it.

Now sit back everyone and watch the show unfold.

Not only has the curtain been raised but so has the bar.

Q

2018-09-05 09:38:03.734 GMT

By Thomas Biesheuvel
(Bloomberg) -- BHP Billiton Ltd. has snapped up a stake in
the world’s biggest undeveloped copper mine as it expands its
presence in Ecuador, a nation that’s becoming the sector’s
exploration hot spot.
The acquisition of 6.1 percent in SolGold Plc comes just
two years after the Brisbane-based company rejected a takeover
approach from the mining giant. BHP is buying the stake from
Guyana Goldfields Inc. for $35 million, a 20 percent premium
over the share price. SolGold jumped as much as 23 percent in
London.
The world’s biggest miners are bullish on copper right now.
They expect ever-growing demand as cities expand in emerging
markets and electric vehicles become prevalent, while new supply
looks constrained. Anglo American Plc gave the green light for a
$5 billion copper mine in Peru in July, while Rio Tinto Group’s
chief executive officer has spoken publicly of his ambitions to
add more exposure to the metal.
See also: World’s biggest miners want more copper but
nobody’s selling
SolGold controls the Cascabel project, which could become
one of the world’s major copper mines. It also has exploration
rights across Ecuador, among the most prospective countries for
the metal. BHP opened an office in the capital, Quito, last year
and began advertising for staff.
BHP is not the first company to show an interest in
SolGold. Gold miner Newcrest Mining Ltd. owns about 15 percent,
having previously beaten BHP to an investment. In 2016 SolGold
rejected a proposal from BHP that would have seen it buy 10
percent for $30 million as well spending $275 million on the
Cascabel project to earn a 70 percent stake.
The industry has plenty of money for acquisitions right
now. BHP and Glencore Plc are churning out massive profits, and
Rio Tinto may end the year having raised $8.5 billion from asset
sales.

(This is the best bit)

“BHP are not in it for a minority stake,” said Richard
Knights, an analyst at Liberum Capital Markets in London. “You
now have a competitive bid situation,’ he said, adding: “There
are no large deposits of this size sitting in a standalone
equity. The register is open.”

Arda have just joined baking a book with the other 7 mm's.

About the BHP Guyana deal.

He said this in the interview with the Australian Financial Rrview today.

He also said Solg has defence experts employed for such an eventuality as
a hostile bid.

The article goes on to say BHP are not yet finished and the war for complete control has begun.

Happy days Solgers.

Q

Up 17.1% -early days yet.

Interesting to see trading over there today-may even set the trend for tomorrow over here.

I can see ££ signs not too far away now.

Vale wont take this lying down nor will RTZ.

Copper is becoming a scarce resource.

In accordance with the Disclosure and Transparency Rules ("DTR"), SolGold Plc (the "Company") was informed today by BHP Billiton Holdings Limited,

INFORMED TODAY 5TH SEPT?

A blindside move by BHP to get a chunk of Solg as maybe Nick had once again rebuffed BHP???
Any thoughts on this?

If this was the case a hostile bidding war is a certainty now.

Earthling good point.

In my view with both BHP and Newcrest holding 21% of Solgold Nick will now not need to go for a cash raise by issuing shares.

WE ARE NOW SELF FUNDED.

Maybe even a share consolidation or share buyback- anything is now possible with 21% being owned by the worlds 2 biggest majors.

Q

The word is he will sell cascabel alone and no JV.

He will keep all the other new tenements.

And start all over again finding and developing a new cascabel / Alpala

Price will fluctuate today but overall now an upward curve as Vale will now want s piece of the biggest discovery in the last 15/20 years.
Q

To what all decent genuine LTH on here have already said.

It's great game changing news.

We can all laugh at the idiots who queried whether we had a Tier 1 discovery!

I've written to my journo tongue in cheek telling him he will have to rewrite his piece!!

I can tell you he did predict a hostile bidding war and the price action will be positive fast and furious in an effort to grab Solgold.

Best of luck to everyone.

Q