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Yup, as I mentioned on Friday, sometimes you see a huge initial rise on bid news. Sometimes you see what I call a 'slow burn'. SOLG is clearly the latter at the moment, IMHO. This, however, is often followed by a bigger rate of rise, which I'd expect over the next few days. As always. DYOR.

Hi Bamps, See thread below, "Pacific Trends Resources Contingency" TT

Hi Bamps, yes, indeed, it's been clear from several recent webcasts that Shaun Day has been somewhat frustrated by having to 'clear up' the past deals. I may be barking up the wrong tree completely, but I did wonder if the PTR share issuance terms had maybe changed recently to get that out of the way ASAP too (?). TT

Thank you Donald. TT

Greatland Gold interims highlight further progress at huge Havieron project.

The discovery of Havieron is the stand-out success in London's junior mining sector over the past few years...

https://www.proactiveinvestors.co.uk/companies/news/977301/greatland-gold-interims-highlight-further-progress-at-huge-havieron-project-977301.html

Thanks zoros. A question was put to Shaun Day, but, unfortunately, in a way that didn't reflect the concern about the 75% 'option', but the contingency as a whole (which we all knew about anyway) and it seems that Shaun Day therefore just reflected on the contingency, and not the specifics ('new' 75% option).

Indeed! Like others, I just want clarification of our position.

Hi StarBright. I see where you're coming from, but, at the same time, there was also a very clear statement from Callum Baxter that, "...We would also note that the second payment, the issuance of an additional 145,530,000 Ordinary Shares, will ONLY (my CAPS) occur if a bankable feasibility study is successfully completed and a decision to mine occurs at Havieron.” TT

Hi MFU. Indeed! I've checked the company reports since and nowhere does it mention the 75% option for issuance of the shares. It's just popped up today!

On the 26th September, 2016 Callum Baxter stated, "...We would also note that the second payment, the issuance of an additional 145,530,000 Ordinary Shares, will only occur if a bankable feasibility study is successfully completed and a decision to mine occurs at Havieron.”

Nothing about any 75% or more assignment of our right or interest in Havieron to an unrelated third party!

Sorry guys, cross-posted, but, yes, that's my undersyanding.

However, as i say, this is the first time I've seen this mentioned anywhere, not even in the Greatland Gold release at the time, which only mentions "Decision to mine"??

Does this mean that we have to have an issuance of the additional 145,530,000 Ordinary Shares, in payment to Pacific Trends Resources, if we assign the extra 5% to NCM (full 75% to NCM), even if there is not yet a decision to mine?

It's Monday, and maybe I'm missing something here...But it's always been my understanding that, until now,...

"Under the terms of the agreement for the acquisition of the Havieron Gold Project an initial payment of A$25,000 in cash and 65,490,000 ordinary shares of 0.1 pence each in the Company were made. However, a second payment of 145,530,000 ordinary shares of 0.1 pence each will be made upon a “Decision to Mine”."

However, i notice the following today in the Interims, which I haven't seen before...

"As disclosed on 26 September 2016, as part of the acquisition of the Havieron Project, the Company entered into a purchase agreement with Pacific Trends Resources Pty Ltd (as assigned) for an upfront payment of £13,500 in cash and 65,490,000 fully paid ordinary shares in the Company, and a deferred payment of 145,530,000 fully paid ordinary shares in the Company contingent on:

• a bankable feasibility study having been completed and a decision to mine having been made on Havieron; or • the Company assigning 75% or more of its right or interest in Havieron to an unrelated third party.

Am I missing something, because I've not seen the, "..or the Company assigning 75% or more of its right or interest in Havieron to an unrelated third party."

Anyone help on this?

It's Monday, and maybe I'm missing something here...But it's always been my understanding that, until now,...

"Under the terms of the agreement for the acquisition of the Havieron Gold Project an initial payment of A$25,000
in cash and 65,490,000 ordinary shares of 0.1 pence each in the Company were made. However, a second payment
of 145,530,000 ordinary shares of 0.1 pence each will be made upon a “Decision to Mine”."

However, i notice the following today in the Interims, which I haven't seen before...

"As disclosed on 26 September 2016, as part of the acquisition of the Havieron Project, the Company entered into a
purchase agreement with Pacific Trends Resources Pty Ltd (as assigned) for an upfront payment of £13,500 in cash
and 65,490,000 fully paid ordinary shares in the Company, and a deferred payment of 145,530,000 fully paid ordinary
shares in the Company contingent on:
• a bankable feasibility study having been completed and a decision to mine having been made on Havieron; or
• the Company assigning 75% or more of its right or interest in Havieron to an unrelated third party.

Am I missing something, because I've not seen the, "..or the Company assigning 75% or more of its right or interest in Havieron to an unrelated third party."

Anyone help on this?

31p hit...

Clearly!

"The departure of Afterpay after it was subsumed by Block Inc did little to dampen the size of the Top 10 listed companies in Melbourne, which now accounts for 77 per cent of the market capitalisation of this list.

Dominated by some of the biggest names in corporate Australia with a concentration in the mining, health and banking sectors, this section of the list rose by $133 billion in value with BHP (ASX: BHP) as the biggest growth driver....

9. Newcrest Mining (NCM)

"...Newcrest has exposure to six tier-one orebodies in Australia, the Americas and the Pacific. Biswas says the depth and quality of the group’s global organic growth portfolio was evident in the findings of pre-feasibility studies for expansions at Cadia and Telfer Havieron in Australia, Red Chris Block Cave in Canada and Lihir in Papua New Guinea.

“Each of these studies indicate excellent rates of return and we are projecting a material growth in our operating margin and cash flow over the next decade,” says Biswas....."

https://www.businessnewsaustralia.com/articles/melbourne-top-companies-1-10.html

https://greatlandgold.com/wp-content/uploads/2022/03/Interim-Financial-Report-for-six-months-ended-31-December-2021.pdf

Sometimes you see a huge initial rise on bid news. Sometimes you see what i call a 'slow burn'. SOLG is clearly the latter at the moment, IMHO. This, however, is often followed by a bigger rate of rise, which I'd expect over the next few days. As always. DYOR.

Indeed! This, or any weekend going forwards. The cards are clearly pointing towards a bid, as indicated by the main, recognised, source for news in the global mining industry!