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https://www.mazda.com.au/cars/mx-30-electric/vision-technology/

The dilution required to bring Alpala and Porvenir into production would destroy the equity (ie YOUR stake-holding) base of SOLG.

BHP could buy SOLG tomorrow with a couple of months FCF

It is naive to think that SOLG can pick up a spade and stick it into the dirt and up pops the copper and gold and hey presto, the share price will rise.

Production for Alpala is a decade away and in Ecuador that's a massive risk. The people for example could elect a Marxist leader who'd steal our assets for nowt

prove up our assets and sell the bludy things cos Ecuador ain't no Western nation, it's still somewhat wild-west

https://cornerstoneresources.com/site/assets/files/5534/cgp_corporatepresentation_2105.pdf

http://icebergshares.blogspot.com/2020/12/understanding-solgolds-porvenir.html

I like IB's analysis

Absolutely spot on about Porvenir which could turn out to be a T1. Throw in Rio and fingers crossed we could have 3 T1's on our balance sheet. That would be unprecedented among junior miners but SOLG do need to at some point start to monetise. I just wish they'd drop their 'developer' mantra rhetoric cos it's boolllux.

BHP, Newcrest participate in SolGold raising

'Peace appears to have broken out at the British and Canadian-listed explorer SolGold, with BHP and Newcrest both taking up their entitlements in last week’s $95m capital raising in London to maintain the competitive tension on the register of the highly rated copper and gold play'

'Brisbane-based SolGold is chasing big copper and gold targets in Ecuador and has been the subject of ongoing takeover speculation'

that's the only section I can see. It's the Australian.com so it's paid for content

good find fella

The term 'mega project' infers a development asset (to be developed and not in production). Palmer is surely therefore highlighting projects that are of such a material size to tip the scale in terms of eventual production. So, where are these discoveries (eg, Alpala, Porvenir) and exploration assets that Palmer makes reference to?

I think 2021 will finally see SOLG shareholders enjoy some monetary benefit from their discovery and exploration portfolio. This route is the only way to to release value and up the price ala GGP

Lasso provides a 2021-2026 window to get mining really up and running in Ecuador and with Chile looking at higher mining taxes coupled with degradation of Chilean copper deposits, SOLG's copper assets would be a great way of upping BHPs copper asset base

I believe SOLG's new aim is to explore, prove up and monetise the best licences we have

BHP says tax rises pose threat to Chile’s mining industry
Many of the mines in the world’s largest copper producing country are ageing with declining grades of ore

https://www.ft.com/content/666fd42f-b4c2-4e45-a7f8-708543d2535e

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https://www.ft.com/content/666fd42f-b4c2-4e45-a7f8-708543d2535e

Increased taxes and royalties risk damaging the mining industry in Chile, the world’s biggest producer of copper, according to the head of BHP’s operations in the Americas.

Last week, a congressional committee in Santiago approved changes to a Mining Royalty Bill that would add a progressive tax on sales of copper and lithium, metals that are expected to play a crucial part in the shift to cleaner forms of energy.

While the bill is unlikely to pass in its current form, analysts believe higher taxes and royalties are coming in Chile and other resource rich countries.
Chile is also planning to rewrite its constitution.

The sharp rise in commodity prices, copper traded above $10,000 a tonne last week for the first time in a decade, is stoking concern that miners will be targeted by governments looking to pay for post pandemic recovery programmes.

Former Australian prime minister Kevin Rudd recently called for a super-profits levy on the country’s three big iron ore producers — BHP, Fortescue Metals Group and Rio Tinto. In Peru, the frontrunner in its presidential election has promised a fairer distribution of mining wealth.

In Chile, increased taxes could make foreign mining companies wary of investing in new projects or expanding existing mines to meet growing demand for copper and lithium from makers of electric vehicles and the renewable power industry.

“You can absolutely try and take more from the golden goose but you just need to be very clear on what the implications are on that longer term”, Ragnar Udd, President of BHP Minerals Americas, said in an interview with the Financial Times. “And the sort of reforms that are being put forward at the moment will be really quite damaging to the industry.”

Chile is the largest copper producing country globally, accounting for approximately 28 per cent of global mined production of the metal, used in everything from household appliances to power cables. Copper is a key part of its economy, however many of its mines are ageing with declining grades of ore and high operating costs as they burrow deeper into the earth.

“The deposits in Chile are not the deposits from 20 to 30 years ago,” said Udd. “The reality is grades have declined significantly. We’ve gone over the last 15 years from about 1 per cent copper down

BBG

At Guadalcanal though at the time SOLG was Solomon Gold. One of Newmont's unit Newmont Ventures. The same unit of Newmont worked with CGP in Ecuador in 2015 but it fell apart after a disagreement

Newmont have worked with both SOLG and CGP so they are 'known' to each other as it were. Newmont have also worked in Ecuador with CGP

To raise what they did on such investor interest does suggest there's plenty of decent news in the pipeline. The importance of the election of Lasso cannot be underestimated

Looks like some are now trickling into the market

Capital raisings galore today, M&A boom tomorrow as commodities shift into overdrive
Takeover time moved a step closer this week as the “almost everything boom” stretched out to new heights with Fitch Ratings warning that the mining sector is likely to shift from a buyer’s to a seller’s market over the next 12-to-18 months.
30th April 2021
Tim Treadgold
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Takeover time moved a step closer this week as the “almost everything boom” stretched out to new heights with Fitch Ratings warning that the mining sector is likely to shift from a buyer’s to a seller’s market over the next 12-to-18 months.

The alert from Fitch, a leading credit rating agency, recognises the challenge of trying to buy high-priced individual assets and the need for bidders to make a full takeover for the parent company.

For investors, this forecast shift is a double-edged sword because historically most mergers and acquisitions (M&A) launched at the peak of a market destroy more value than they create.

The best policy as the shift into the M&A phase gathers pace is to buy the target and sell the bidder, especially in cases of a competitive bidding duel which pushes prices to an unjustifiable level.

Copper is the sector seen by Fitch as the starting point for a takeover rush, but any acquisition is probably going to require “a significant premium to the target’s current valuation and is more likely to be negative for the credit profile of the acquirer”.

The hard-commodity boom which is driving money out of low-return assets such as cash and government bonds, has also spilled over into the art market with works by 16 Australian painters hitting new highs this week, including $2.5 million for an Arthur Streeton scene of Venice.

Investor focus on minerals and metals has rarely been higher as measured by the flood of cash pouring into capital raisings around the world, with S&P Global Market Intelligence reporting that financings in March quarter reached $US3.23 billion, the strongest month since 2011.

S&P reckons that 2021 will be a record year for fund raising by the miners with the March quarter inflow more than half what was raised in all of 2020. Gold attracted the most new capital ($US1.68 billion) while copper and other base metals received $US1.34 billion.

That M&A alert and capital raising comments from S&P came in the same week that copper and iron ore picked up the running from last week’s leader, palladium.

continued.........

https://www.resourcesrisingstars.com.au/news-article/capital-raisings-galore-today-ma-boom-tomorrow-commodities-shift-overdrive

''I like the fact that they are going hard at exploration while they fine tune Alpala. In line with SOL1's view and NM 's plan. (It's actually a bit of about face (Volte-face) when they criticised him more raisings and the FN deal).

I think what it means is they drill:
1) Porvenir hard to get to a PEA. (note the area to the near west of there is likely a copper Porphyry too).
2) They are drilling Tandayma America and Moran to see if they can get open pits there.
3) Drilling Sharug, Cisne Lodja, La Heuca and others
4) Being ready for Rio Amarillo.

Note the PEA for Alpala was done at USD $3,300 for Cu & USD $1,400 for Au

In overview if the Cu price is up there isn't a huge amount of risk. The market says drill for copper so they are doing just that (actually they were waiting to pull the trigger. NM wanted to BHP & NCM said. No -wait ! In terms of dilution to SP it was logical to wait).

The market will wake up sooner or later especially if the Cu price stays up or accelerates (what fund managers call the second derivative).

Sorry if I'm being a bit verbose and repetitive but I'm allowing for outsiders.

All IMVHO. ''

https://hotcopper.com.au/threads/solgold.5904035/page-213?get_post=true

0.28825p to sell 250k..

Quoted 28.75p to sell 250k..we have a buyer in the market

BHP is not the only miner in the world and Ecuador need these assets developed TODAY rather than at the convenience of BHP. BHP and other miners have a 5 year window with Lasso in power. Who knows what type of government Ecuador will vote into power after Lasso. BHP can't afford to hang around. This is Ecuador not Australia