Member Info for Strider4

4 bagger offer today for Earthport. Just shows that the takeover price can sometimes be a 400% premium to the current share price. It all depends how much the buyer is willing to pay and the value that they see in the company they want to take over.

Addicknt, so wrt to the environmental "issue" Anna dismissed that too?

In addition, I think that this is exactly the sort of thing that the BHP lawyers are paid their big bucks for. They check, during due dilligence, that all of the i's are dotted and t's crossed in regulatory compliance before they give the green light.

Zoros,
2) The key word in there is POTENTIAL.
6) We do know what is upcoming - have you not been following the story? It is a strong newsflow by comparison with many companies. Takeover is a very real possibility - key word POSSIBILITY.
7) Ecuador needs revenue to replace diminishing oil revenues - I believe this is a fact. Ecuador is also making moves to become a more mining friendly jurisdiction - fact. And "it doesn't have to look far to see how rewarding good mining policies can be (Chile), if you've got the natural resources" - fact.

If any of that were of a material nature to SOLG, and therefore the share price, the company would have been obliged to release an RNS on it, certainly before the local rag got hold of it...

The logical conclusion is that it is inconsequential.

Instead what do we see? Newcrest upping their stake by 2% on 18/12/18.

Zoros, care to be more specific about where you think I'm deviating significantly from the facts?

In the last 4 months we've seen moves by 2 majors (Newcrest and BHP) to start/increase their stake in this impressive company. I think the 2% additional purchase by Newcrest is very significant - it is their first purchase since mid-2017 (discounting their anti-dilution top ups), and it seems to be in response to BHP. Newcrest and BHP are not friends - they are competitive businesses that, no doubt, would like to 100% own Cascabel/SOLG. Newcrest comes out of it's standstill at the end of August 2019; I would be surprised if we hadn't seen something definitive either well before or at that time.

I think we could see fireworks next year just between those two alone. If a 3rd joins the fray then it will be a bonfire.

Looking forward to 2019:

1) Alpala - Tier 1 copper-gold porphyry.
2) Exploration upside - 11 other primary targets with 5 priority. All show surface potential to be significant resources.
3) Cashed up ($104 million in the bank)
4) CEO has plenty of skin in the game (90m shares).
5) 2 Majors on the share register (Newcrest and BHP) and recently active:
a) BHP unveiled new investment strategy - projects that could turn into the next tier 1s...well we have that confirmed already here. BHP's recent (Sept 18) "aggressive" purchase of Guyana's 6% stake, followed up by an "efficient" purchase of a further 5% at a 30% premium to the then market price (Oct 18).
b) Newcrest upped it's stake by 2% to 15% (Dec 18) in an off-market transaction at a 15% premium (40p) to then share price (36p).
6) Strong upcoming newsflow (PEA, drill permits, assays for Alpala, regional news (due pre-YE), resource updates, potential conditional funding packages, PFS at end 2019).
And the biggie - Takeover Offer (this is a very real possibility given the tier 1 Cu resource and two Majors on board).
7) Ecuador making the right moves to become a mining friendly jurisdiction. It needs revenue to replace depleting oil supplies and it doesn't have to look far to see how rewarding good mining policies can be (Chile), if you've got the natural resources.

Truly, sad. Your post on the other board has now been removed (not by me as I can't see it - filtered long ago). I only know that you posted when one of the other respectable posters on there called you out for what you are.

I was under the impression that you and Chaser had been permanently deleted - shame, you should have been.

Rubbish - NM has clearly prioritised socio-environmental responsibility (ref any presentation you like). And I believe SOLG is considered a model company in this regard.

MRE2 was out a couple of months ago now. If AG states his reason for sale was that the resource is not big enough (sure AG isn't just BC trying (badly) to save face?!), and of course it clearly is big enough being Tier 1, then why wait close to 2 months before selling up - doesn't make sense.

While we're on the subject:

and then there was one 8 months ago (£24k participation by MM incidentally),
and then there was one 1 month ago (0k - MM),
Next one in June 19? Bit of time yet then...should co-incide with mid-ramp up, so might be a bonanza raise due to a high burn rate, and Parilla likely not yet profitable.

Inkis, not heard that one before but it's right on the money:

Shaw quote ' I learned long ago never to wrestle with a pig.You get dirty, and besides the pig likes it'

Devils, good to see the same old dross posting and presumably name-calling (filtered of course, so plenty of red - I've no need to read badly constructed arguments and gardening tips) - leopards don't change their spots. Keep up the fine work, maintaining a balanced view of the road ahead here.

"Work cut out" means that it will be hard work!

Expert - many of the LTHs on here wouldn't classify you as an LTH if you only got in at 8.5p!

Not a holder myself at the moment but clearly interested, for obvious reasons. I'm certainly not a buyer at 50p. The volatility here is quite impressive. The speed of the bounce off 34p took me by surprise. There are certainly some deep pocketed PIs on here supporting the price.

Fortune mentioned in one of his recent presentations that he is looking to institutionalise the register. The rather impressive rise seen so far, to an mcap of around £500m is a result of retail buying. How much steam is left in the short term - hard to say. But the R:R, at these levels, certainly wouldn't warrant a heavy investment.

I think someone on here mentioned that an update on the regional plays had been promised.

Getting a bit tight now, but I'm really not bothered. They've got 43 geos on the ground and it's getting close to 6 months since the last update in that regard. There must be some SERIOUSLY good stuff to report when they do...maybe they want to downplay it a bit until the drilling permits come through...

Devils, spot on with your 16:10 yesterday. It sums up the primary risks nicely, and of course the potential (if it all goes smoothly). I too am here to catch the next spike. Rinse and repeat.

You've got your work cut out for you on this board mate! It's like a cult on here. Yes, the reason the price is going down is that it is blatant manipulation...evidently, without question.

For those who are new to the share, and a reminder of all the good things going for the rest:

1) Alpala - Tier 1 copper-gold porphyry.
2) Exploration upside - 11 other primary targets with 5 priority. All show surface potential to be significant resources.
3) Cashed up ($104 million in the bank)
4) CEO has plenty of skin in the game (90m shares).
5) 2 Majors on the share register (Newcrest and BHP) and recently active:
a) BHP unveiled new investment strategy - projects that could turn into the next tier 1s...well we have that confirmed already here. BHP's recent (Sept 18) "aggressive" purchase of Guyana's 6% stake, followed up by an "efficient" purchase of a further 5% at a 30% premium to the then market price (Oct 18).
b) Newcrest upped it's stake by 2% to 15% (18/12/18) in an off-market transaction at a 15% premium (40p) to then share price (36p).
6) Strong upcoming newsflow (PEA, drill permits, assays for Alpala, regional news (due pre-YE), resource updates, potential conditional funding packages, PFS at end 2019).
And the biggie - Takeover Offer (this is a very real possibility given the tier 1 Cu resource and 2 Majors on board).
7) Ecuador making the right moves to become a mining friendly jurisdiction. It needs revenue to replace depleting oil supplies and it doesn't have to look far to see how rewarding good mining policies can be (Chile), if you've got the natural resources.