Member Info for schlemiel

Who is this Quady person? Give it a rest fgs. Let all posters express their opinions irrespective of content and accuracy. It isn't for you to sit in judgement like some divine entity...unbelievable arrogance

I talk crap a lot of the time. My wife tells me I talk crap most of the time but it's MY CRAP and I'll keep dishing out my crap until the ground sucks me in and the worms pass my remains through their digestive system and spurt me out at the other end...

Free speech for all!!! LOL

M23

In the event of a formal offer reported to the market you can either -

1) Sell your stock directly into the market at the offer price, as you would normally, or

2) Do not sell your stock when the offer is announced and hold your shares in your account and allow the process to run its course ie - your broker's corporate dept will sort out all the administration and paperwork and you'll receive the proceeds in due course (however long that process may take, which can vary)..

or

3 - or you can refrain from selling and hold your stock in anticipation of another, elevated offer from another company which may or may not materialise - this is risky though as another offer may not materialise

Myself - I always sell into the market on the day of the offer

that's my understanding

regarding the takeover of BTG this week by Boston Scientific

On the 19 July betaville (a website focusing on insider rumours etc) noted possible corporate action in the stock of BTG. At the time of this rumour the price of BTG was around 550p. The takeout price this week was 840p. What's my point? The market tends only to respond to takeover rumours when the actual offer is reported to the market...before that point in time the price can be utterly flat...the market is always seeking liquidity and a liquidity event is the most sought after so current price action is not an accurate forecaster of what may or indeed may not happen...just my vho

https://www.betaville.co.uk/page5

Betaville is a pretty website for market 'sniffs' and rumours

BHP seeks 'licence to spend' from this week's AFR article. What does that tell you? BHP is on the M & A trail

A more pertinent question is how will BHP respond if another major turns aggressive and bid's Mather an irresistible offer for SOLG in its entirety? Can or indeed will BHP take the risk of that happening?

https://twitter.com/miningonline

Some interesting snippets from Alex Hamer - he's the author of the paywall article from this morning - thanks to P69.

https://www.sharecafe.com.au/2018/11/23/the-tale-of-the-resilient-metal-how-copper-is-acting-more-like-teflon/

RR1 - I completely agree. Mather comes across as an honest operator. His history show no signs of corporate shenanigans. He's straight forward, open and true to his words (Well, that's the way I perceive him. Maybe others have a contrary view).

If there's 11 more to come then I'll sit around here 'till the proverbial cows come home for value to be released

The torrent of press coverage over the last few days as been almost overwhelming. Even I'm drowning in it and I am a the cut and paste master those some on here prefer the term 'prolific'! If it's relevant, it's worth reading. That's my philosophy as press articles always contain a nugget of useful information

gone. What's going on here?

23 November 2018

Nick Mather: 'We've got 11 more where that came from'

SolGold has just arrived in the mining elite with its new mineral resource estimate at Alpala, which is 2.95 billion tonnes at 0.52% copper, with a 0.2% cutoff. The kicker is the high-grade core of 420 million tonnes at 1.47% copper.

Mining Journal caught up with SolGold CEO (and major shareholder) Nick Mather in London this week following the doubling of the resource.

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It's subscription so can't get access to the interview...grrrr

Is this type of hubris normal for a CEO? Mather's saying SOLG have '11 more where that came from'? That's a pretty bold or a pretty stupid thing to say.

What's Mather's game here? I am most intrigued by his strategy.

https://www.mining-journal.com/leadership/news/1351654/nick-mather-weve-got-11-more-where-that-came-from

http://www.visualcapitalist.com/the-story-of-voiseys-bay-the-discovery-1-of-3/

Is Mather doing a Friedland? How to promote and sell a company that's discovered something special..

https://flipboard.com/@SkyNewsAust/michael-gunner/a-uuitfs0DQBqoJEMyRAkbvg%3Aa%3A1778116405-3e21dfb8d7%2Fcom.au

It's universally expected that the many outstanding assays still here from 2018's drilling will ultimately add further to the overall resource, as well as converting still more of it from the inferred to indicated categories. It's uncertain as of now whether that all will manifest itself in yet another upgrade, or maybe first in what is an expected upcoming PEA in the first half of 2019.

Aside from that, I'm especially interested in two possible looming developments:
1. Any new satellite discoveries away from Alpala, especially any that are nearer surface. Such a thing would provide further attraction to the idea that the overall Cascabel concession is its own bona fide mining camp in the making; one that could produce for generations.
2. The next moves by BHP Billiton, Newcrest (and/or others?) to get their own bigger piece of this monster. These latest numbers have prompted analysts covering SOLG to significantly up their price targets on that company; on average to more than double its current market price. And no doubt chatter will be increasing as we move toward the day when one or more of these global mining giants steps up in a bigger way to make sure IT will at least have a major hand in developing this deposit some day soon.

In the case of Cornerstone, it's overly simplistic to expect that its shares, too, should merely keep up with SOLG, given that CGP owns-- both directly and indirectly--some 23% of Cascabel. As I have explained previously, it conceivably could be the key to eventual majority control of Cascabel for another company.

Already, some were speculating that either Newcrest (which presently owns 14.5% of SolGold) or BHP (now up to over 11%) could just as easily buy Cornerstone as anything else to increase their stake. Now that the growth of this world-class resource into a Tier One asset is confirmed, this talk may well increase.

I'll repeat what I said the other day: Things should continue to get ever more interesting here!

https://nationalinvestor.com/wp-content/uploads/Nov.-22-2018-Thankful-for-Cascabel-Now-officially-a-Tier-One-asset.pdf
END

from @pob, about an hour ago
@pob Cannot say fairer than this from Chris Parish National Investor Newsletter $SOLG.L Solgold $SOLG #ECUADOR $CGP

It was only a week and a half ago that I passed along the latest impressive assay results from SolGold's ongoing aggressive drilling campaign at the monstrous Cascabel concession in Ecuador.

A bit ahead of expectations, SolGold this week released the eagerly awaited
upgrade to the initial resource estimate on the Alpala prospect area. And suffice it to say, it was the latest big step in the evolution of this world-class asset; now, to official "Tier One" status.

Keep in mind that the HUGE resource at this now Tier One asset continues to grow; yet is just one central target of many at what should be a multi-generational producer of Cascabel.

The biggest takeaway of this week's news was the growth of the high-grade "core" area at Alpala. Now, the overall, growing resource is anchored by a larger highgrade indicated resource of 400 million tonnes of 1.49% copper equivalent. That breaks down to what will likely be an initial development target (as of now) containing 3.6 million tonnes of copper and 11.9 million ounces of gold.

Said President and C.E.O. Brooke Macdonald of Cornerstone (the initial discoverer and concession owner at Cascabel), "We are pleased that the increase in high grade resources has been added within or adjacent to the previous high grade envelope suggesting a robust target for early extraction of higher grade material. We are also confident that continued exploration on other Cascabel targets will add to the total mineral inventory."

That the core is now far larger is a step in the overall de-risking of the project, and revealing it as one that could be developed at an acceptable cost given these high grades. Further, with the entire resource (albeit some of the rest right now at lower grades and still inferred) now totaling 10.9 million tonnes of copper and 23.2 million ounces of gold, it is additionally the "Tier One"-sized asset that majors will want to have.

RECOGNITION GROWING ELSEWHERE
Happily, our Members got in on the ground floor here, when both SolGold, plc (TSX-SOLG; LSE-SOLG) and Cornerstone (TSXV-CGP; OTC-CTNXF) were selling for a fraction of their present valuations. Now, with Ecuador generally and Cascabel particularly bursting to the front of the line of the consciousness of the world's mining industry, belated coverage is appearing elsewhere at an increasing rate. And that's especially true following this week's resource upgrade!

cont..

Good find P5. Thanks

In their recent update Red-Cloud (20/11) stated that 'that willing suitors are ready to pounce'. Since Red-Cloud has organised and is running this Webinar can we assume that the views of Red-Cloud are also those of our beloved leader Nick Wong Mather?

Good luck to all

Ship - this explains all you need to know fella -

https://www.sharesoc.org/blog/nominee-accounts/voting-your-shares-its-important/

BN.Com

Stick me on filter fella. If I find relevant and important info. then I'm gonna post it on here and on other forums and should any-one find that tiring and tedious then fine. The solution is staring you right in the face = FILTER

Unbelievable - Filter me, he presto..no more prolific posting..

Like a bunch of farting, smelly old men

https://www.mining-journal.com/m-amp-a/news/1351520/rbc-bhp-going-shopping

RBC: BHP going shopping

BHP (ASX:BHP) outlined a detailed plan on how to not waste a whole lot of shareholders’ money again this week, and RBC Capital Markets analyst Tyler Broda thinks the plan looks good on paper.

If Andrew Mackenzie can stick to a plan that will see short-term pain, he might get another tier 1 project

Broda said BHP could get "first-mover advantage into the next cycle" if it sticks to its new framework.

"We therefore see BHP as likely much more active in M&A going forward, especially should the target have high quality growth

The major's CFO Peter Beaven summarised the plan as looking earlier at possible big plays'..

rest is subscription..

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interesting

https://www.bhp.com/media-and-insights/reports-and-presentations/2018/11/capital-allocation-briefing

60 minute presentation from last night by BHP's Beaven

https://pbs.twimg.com/media/Dsh2c4EXgAAwZ-f.jpg:large

'ultimately we think it should be built by a major'