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Our sources had inicated that non dilutive funding was imminent...
And still no Directors or Insiders buys...
So I'm wondering if SOLG has had at least one informal bid approach...?
Or at the very least approaches for the ex CGP 5% in Treasury...
Volume approaching 200 million in the last 7 trading days...almost 7% of MCap...
And still no TR1...is somebody building a position which they don't have to declare until their buying is completed...
Willem Middelkoop said a Junior Miner Bull Market would start in early 2024 and SOLG is his top pick...
We had a dress rehearsal in December with GDXJ twice hitting 39.40...
It then fell back to 31.20 on 28 Feb but since then has motored up 20% to 36.29...
The last Junior Miner Bull Market was 2010/2011 when GDXJ hit 167...
I believe we're on our way and will see stellar gains in mining stocks like SOLG and EQX and Gold Silver funds like GPM...
Gold is hitting new all time highs hourly...latest $2171...still nowhere near reflected in stock valuations...
SOLG now has $68 billion of gold in the ground and $108 Billion of copper...
Work that out...
Hi Roxi
Its £77 million since 8.15 Monday...c40%...
That's a sound post add
But I read a report a few years ago citing successful bidders ending up paying more than their original 'limit'....
How many times have people gone to an auction with a fixed price they would not go beyond but ended up paying more because they got sucked into a competitive auction.
The report concluded that in the end, macho or rationalisation (I.e. manipulating the economic case) produced the end result.
Remember Wyloo embarked on their pursuit with a 23% stake at 17c and ended up paying 110c to trump BHPs final 78c bid...
Hello
Does nobody have any contact details please?
Thanks
I'm expecting two things...
1 A non dilutive funding that will remove all cash worries for at least 2 years...no equity issue and no sale of CGP's former 5%
2 A Conditional financing deal for Cascabel, from either Jiangxi or FNV/Osisko/Wheaton/Trafigura/Glencore etc financing the whole of Cascabel but with no firm commitment to proceed
The latter alone will trigger a bidding war because the majors who are interested do not want SOLG to go it alone with Cascabel which, with the gold price soaring has never looked so viable as it does now...
"SolGold PLC - Ecuador-focused copper and gold exploration company - Signs a joint declaration in preparation of a complementary investment protection agreement with the government of Ecuador. SolGold says in addition to the USD311 million investment addressed by the current investment protection agreement, the complementary IPA there is a commitment to invest a total of USD3.2 billion over the subsequent years. Chief Executive Officer Scott Caldwell says: "The complementary investment protection agreement not only reinforces the protections for our key investment in Ecuador but also symbolizes a deepening of our relationship with the Ecuadorian State. President Noboa's attendance and insightful speech at the PDAC convention were warmly welcomed by the mining community and underscores the significant support of his administration for responsible mining in Ecuador."
PBOW...the article got it completely the wrong way round...
But its still good news because it clearly marks out Cascabel as by far the biggest new project in Ecuador...
So far 11 people disagree with you tiger...
2 posts in 30 days...my case rests...
30,000 attendees...
Just looked at the Presenters List including:
BHP
Barrick
BMO
Osisko
Agnico
Rio
Newmont
Wyloo
Vale
Wheaton PM
Teck
Lundin
FNV
Glencore
First Quantum
Ivanhoe
and thats not the complete list...
Exhibitors included the above plus
AA
Dundee
Equinox
First Majestic
Murchison
Minera
etc
1235 EXHIBITORS in total...!
Then you imagine the thousands of Mining Fund Managers (because this is a MINING congerence...)
So PDAC finishes tonight
Then Fund Managers have to travel home, sharpen their pencils...
Just imagine the pent up buying demand by the end of the week...
And then imagine further positive newsflow hitting over the next few weeks...
And you have the foundations for a massive rerate...
And thats not even counting the old, sold, new and pending Private Investors watching what was 2 years ago...
"The hottest takeover story in the City..."
Enjoy!
Closed at 7.72...up 17%...more to come this week...?
Gold at 2147/48 has three times bounced off a genuine all time high...
Massive tree shake in BTC yesterday 69 down to 59...
Will the money switch into gold...?
SOLG has $79BILLION in the ground at these prices...
I could currently sell 500k at 7.83, having bought them at 5.90...
But not going to despite a nearly £10k profit...
Can we close above 8...? That would neutralise some of the doubters...
Currently 38% up since Monday 8.15...
Stop nakedly deramping...
Do you think we're stupid?
Non-dilutive fubding imminent...
Since 8.15 Monday, SOLG is up 40%...
A clever spot by HH...
"once Solgold gains in market cap it can reenter the MSCI Small Cap index for a UK addition. So on the basis of news the market capitalisation might be high enough to enter the next index revision which is quarterly. So call it short of 30million shares to buy..."
Unfortunately its only a quarterly review so this won'y help until May 2024...
However if its proportional to MCap, the MSCI tracker funds may have to buy many more shares...40, 50, 60 million...?
Aha...a much better participation by PIs in the last hour or so...
And a significantly better proportion of trades (and higher average value).
AT trades 62% compared to the average this year of c85%...
Onwards and upwards...
Whoever originated that gloating ignorant post might have noticed we are up £39k so far today and £53k since Monday's close.
Not gloating...a long way to go yet...
I won't mention it again but I very much doubt an apology will be forthcoming...
Solgold mentioned in these BMO analytical reports...
Even in 2018, Cascabel was already being used by BMO Capital as a comparator...slide 27...
https://minedocs.com/17/INVMetalsInc_Presentation_November2018.pdf
It has several times used SOLG as a comparator for shares it is analysing:
Arixzona Metals November 2022
https://petergrandich.com/wp-content/uploads/2022.11.01-BMO-AMC-Initiation-Report.pdf
Page 20. The peer comparison valued peers on avverage at NINE TIMES Solgold's copper equivalent and that was 16 months ago when the copper equivalent resource was well below the most recent values...
That would make SOL worth almost £1 a share on BMO's peer comparison...with nothing in for the projects outside Cascabel...!
And ATEX Minerals...Page 24 JANUARY 2024...
https://cdn-ceo-ca.s3.amazonaws.com/1iptijb-ATX%20Report.pdf
BMO is holding SOLG shares in their All Equity ETF
https://in.marketscreener.com/quote/etf/BMO-ALL-EQUITY-ETF-CAD-132560297/components/?p=21
And their Balanced ETF....
https://in.marketscreener.com/services/solutions/?utmzb_campaign=cmp++popin_cmp_refuser-s-abonner+refuser-s-abonner+&utmzb_content=++++&utmzb_source=popin&utmzb_medium=url_declenchement