Member Info for Quady

Okay a bit more refining of search data patterns.

It's an article in mining weekly that is reporting on what BHP's position is.

I can only get this as I don't have a subscription.

BHP has not recently said it will not overpay for SolGold. The statement reflects BHP's long-standing, and at times contentious, relationship with the copper and gold explorer, particularly regarding its flagship Cascabel project.

Here's a breakdown of BHP's position and the history with SolGold:

BHP's interest in SolGold: For years, BHP has been interested in SolGold's Cascabel project in Ecuador, which is considered one of the largest undeveloped copper-gold deposits in the world. BHP sees copper as a key commodity for future growth and has made strategic investments to increase its exposure.

Previous offers and rejection: As early as 2016, SolGold rejected a BHP proposal, calling it "very inadequate". SolGold's board felt the offer significantly undervalued the Cascabel project.

Strategic investments: Despite having an offer rejected, BHP continued to acquire stakes in SolGold to increase its influence. In 2018, it spent millions to acquire shares from other investors. By 2019, it had become SolGold's largest shareholder after buying more shares and receiving options.

A turbulent relationship: The dynamic between the two companies has not always been smooth. The relationship has been marked by tensions over corporate governance, project delays, and financing. SolGold has also been backed by other major miners like Newcrest, setting up a potential rivalry for control.

Focus on value: BHP's actions indicate a calculated approach to investing in SolGold, not a willingness to overpay for a full takeover. The company has a history of walking away from expensive acquisitions, such as its hostile bid for Rio Tinto in 2008 and a failed pursuit of Potash Corp. This history reinforces the idea that BHP will prioritize value and will not pursue a takeover at any cost.

Most recent update: As recently as May 2025, SolGold's CEO stated that the company was not "grooming itself for a takeover" because it felt undervalued. This suggests that a full buyout is not imminent and any future offer from BHP would need to meet SolGold's valuation expectations.

BBG Google searches so not a link but defined in quotes.

That's how you refine searches in Google.

This is basic stuff.

This is BHP on M&A.

BHP's recent focus on M&A

While BHP has a history of interest in SolGold, its recent high-profile M&A activities have been focused elsewhere. In May 2024, BHP's ambitious £39 billion takeover attempt of rival Anglo American failed. CEO Mike Henry referred to the Anglo bid as not "Plan A" and has indicated BHP's preference for internal growth over large-scale, complex acquisitions.

Wrong BBG, the statement was reported that's were I pasted it from.

Just type into Google "Mike Henry has announced he is not going to bid for Solgold".

Even you will find it.

I remember the announcement, but admittedly used Google to find it

BBG we all know you are barking.

He is the statement.

In a May 2025 interview, BHP CEO Mike Henry stated that his company was not grooming SolGold for a takeover, despite being its largest shareholder. This clarifies that BHP, led by Henry, does not currently intend to acquire the entire company.

Mike Henry has not been quiet about Solgold.

His statements stand.

He is on record saying that BHP will not bid for Solgold as BHP will not overpay for any resource.

He announced this publicly.

The good news is we are progressing at a fair rate of knots.

We have around 18,000,000 volume before lunchtime.

This is what I have been saying for over a decade.

In order for the Solgold price to climb towards a more reflective value.

We need 0.5% of shares issued to be traded on a daily basis.

That's 15,000,000 a day.

We are currently achieving that.

Hence why the profit takers who are trading are not hitting the downside.

In other words, we have buys and people holding as they believe in the story we have to tell.

The news isn't new, but I have just put it all together for a complete picture.

A Hydro-Solar Power Project

Renewable Energy Focus:

SolGold, the company behind the Cascabel project, is working to power the mine with renewable energy.

Hydro-Solar Initiative:

An MOU with Ecuadorian and American companies has been signed to develop a hydro-solar project for the mine.

Power Capacity:

This new project is expected to provide approximately 200 MW of clean energy to the Cascabel site.

Partnerships and Agreements

Memorandum of Understanding (MOU):

SolGold has signed an MOU with Grupo Empresarial Semaica, Enerhydra, and Constructora Nacional S.A. to develop the power project.

Shared Responsibilities:

The agreement covers power purchase agreements, financing, construction, and operation of the hydro-solar plant.

Sustainability and Net-Zero Goals

Net-Zero Commitment:

The project aims to be a net-zero carbon mine, with a commitment to integrating renewable energy into its strategy.

Environmental Responsibility:

By using green energy sources, SolGold seeks to minimize its carbon footprint and contribute to a cleaner environment and a green revolution in the mining industry.

Operational Details

Clean Energy Integration:

SolGold plans to integrate renewable energy from governmental and private sources into the project's energy strategy.

Electric Vehicles:

The company also intends to use battery-powered machines and electric vehicles to further reduce its carbon emissions.

SolGold signs MOU for hydro-solar project to power Cascabel mine in Ecuador

6 Mar 2024 — Share To: SolGold PLC has signed a Memorandum of Understanding (MOU) to spearhead a hydro-solar initiative to power its Cascabel copper-gold mine proj...

Renewable Energy World

Hydro-solar project to power copper mine in Ecuador

7 Mar 2024 — This endeavour could position Cascabel as one of the world's largest copper-gold mines aiming to achieve a carbon-neutral footprint. By embracing gree...

Power Engineering International

Proposed Cascabel Mine in Ecuador will cause Untold Environmental Harm

9 Oct 2024 — The pipelines will have to cross four rivers and numerous tributaries that are between the mine and the proposed tailings dump site. There is no curre...

Friends of the Earth Australia

SolGold looks to make Cascabel a net zero carbon mine - BNamericas

26 Apr 2024 — The company plans to use machines that run on batteries and not diesel, power the mine with renewable energy and, if possible, use electric vehicles.

slug you don't even know what mathematics is.

i have asked you what part of the mathematics you disagree with on climate change.

your answer was all of it.

so you disagree with all mathematics.

you say that climate change theory is not repeatable.

of course it is.

not only is it repeatable, but many lines all add up to the same conclusions.

i ask you what part is man made.

you cannot even do simple percentages, as that is not only repeatable, but can be demonstrated time after time in so many ways.

you say ev's are dead.

but year after year they increase worldwide.

you cannot even do simple addition.

you say that solar doesn't work when the sun doesn't shine or wind power, when the wind doesn't blow.

but you have never heard of px2xp.

which does exactly that.

you don't understand science as you don't understand peer review.

you have the mind of a child, when you present evidence, as you dismiss scientific evidence and post from utube some nutter to support your view.

you quote john clauser as evidence, when he has not only being shown to be wrong, but wasn't even talking about climate change, when he thought he was.

that was really embarrassing for you.

you believe that toyota have invented a car that runs on water.

which shows you don't even understand the difference between water and hydrogen.

you're a ****** and hate women.

your posts prove that.

you think fighting in car parks is a way to prove you are right.

you continue to be 100% wrong about everything.

you have said that solgold is never going to production, even though the bod say we are, so you are accusing them of lying.

you are meant to be an i.t specialist, but you are unemployed and can't get a job, where there is a huge shortage of skills.

you are a liar and fantasist on everything.

just how are you wiping the floor with me.

in short to sum up, you are an imbecile.

really do yourself a favour and filter me.

as this is the best it's going to get for you.

I only want the nutters to filter me Slug.

Why don't you get the ball rolling.

Please could all the nutters please follow FTJNY's advice and filter me.

Pretty please.

Pbow I remember that statement it's true.

However what it's referring too, is a block cave mine.

It will be the biggest silver block cave mine.

The third biggest gold block cave mine and the sixth biggest copper block cave mine.

It excludes open pit.

That's how it's true.

The E in ESG stands for environmental.

When we got the various water permits.

We had to meet the environmental standards of Ecuador.

We had to meet base line contamination when returning water to the water basin.

We had to meet impurity levels on various chemicals, and much more.

That's just a small part of it.

Slug don't you realise that the licencing is dependent on ESG.

Good morning affrm.

You are correct InvestorPanda is mad, and another of DBW's friends.

He was banned and used to be BBG.

Some really nasty people on here.

Slug what makes you an absolute Imbecile.

I really am interested to know.

No one in parliament is discussing about becoming an islamic state, and introducing Sharia law.

You are more than nuts.

Not sure addicknt.

Slug have you read the Koran or the Hadith.

It is mainly about stopping diseases on behaviour that no longer takes place today.

Because of things like refrigeration never existed at the time.

Also about a code to live by, which again is outdated.

The Bible is the same.

Governments all over the world are moving away from religion as the general populous becomes more educated.

Afghanistan is a problem as they stop girls obtaining education.

Also no school is compelled to serve halal meat.

Each school can serve what is appropriate for their pupils.

Correct addicknt.

Algorithms settle a buy and sell.

But when not matched they are put in a wait state and settled later.

I was trying to explain it as simply as possible to make it understandable.

No we are not a Christian nation.

We are a nation of many beliefs.