Member Info for zoros

"Boom", bang", "strap in", FFS, people on here have been saying this for effing weeks now and up until 4pm today the SP has inexorably been sliding backwards. What will be will be, let's just have a cuppa tea and a biscuit shall we.

Newcrest - have a war chest of £3billion. Minus the £800 million for that Canadian mining company, leaves them far far short of an outright bid for SOLG. So that's them done and dusted.
BHP.....absolutely loaded to the gunwales with surplus green drinking vouchers but busy doing their due dilligence and watching other big movers - manouevring. They are waiting for the PEA too.
RIO and China probably having a quiet shuffle in the background. (But China has just bought Ivanhoe (probably the biggest copper/gold find in the world) so could go quiet over SOLG.
Anna has re-affirmed having a PEA within the next 3 weeks! They are definitely awaiting drilling permits.
About bloody time too. No news since November. Even Liberum the brokers have not changed their stance since then, rating SOLG @ 72p, then and now. And SP Angel have lost interest because of the hiatus.
My gut feeling is that the SP will hike on news of the PEA and a major will pounce before the summer. (Cascabel only).
Now back to watching Theresa May resigning by end of the week - hopefully.

PEA.

Said Zebadee

Do you mean temperature....or SP!

Zibi - give it a rest now. You're not making sense even when you are sober!

Mar 5th 2018: 22p. March 5th 2019: 36p A 62% rise...WTF does that have to do with what I said about CGP rising 70% in 12 months???
Quali - it's got to be easy pickings doesn't it? CGP must be laughing all the way to the bank.
Do nothing and NM makes them very rich as he carries them along for the ride. Sell to a giant and it makes them very rich!! What's not to like?
I've decided to buy in.........

See what I mean S4!

You don't miss much do you!
My personal view:

PEA purposefully delayed because of loose ends:

1. CGP should have been removed by now - this is plainly not the case and will return to haunt NM one way or another. He was hoping to clear this all up in his PEA by saying SOLG owned everything - not true anymore and a bit of a conundrum for prospective purchasers.
2. Drilling permits - Still not resolved, don't you think? Why is that then?

There are other loose ends but nothing as pressing as these two.

2 will be resolved one way or another.
1 is pi^^ing me off and I feel CGP is a cheap and quick way to grab a front row seat - the best seat in town for the start of the fireworks that will eventually flash up.

I'm locked in and have been since 2014. Made a reasonable profit so far - so "mustn't grumble" I sppose!

BUT the lack of news (apart from the bollox on this forum -spouted out by the same old same old) frustrates the hell out of me.

I hasten to add - I am seriously looking at buying into CGP, silly not to really, because they won't be here this time next year and will be removed from circulation pretty sharpish, after the PEA.

I hope someone comes along (post PEA) and snaps up both (CGP and SOLG) then I can bale/bail out of this dreadful load of bollox spouted on this effing thread.......

?

NM is persona non grata with CGP. They wouldn't sell to him if it was for a dollar ashare never mind 32 cents!
He has to move on and find a way to stop CGP pulling the rug from under him.

Currently trading @ 18p (GBP).{32 CAD}. Stock value: £115 million.
Offering 25% above stock value (5% greater than SOLG's refused offer) makes CGP worth approx £145 million.
£145 million buys 23% of ENSA/SOLG. More than any other individual stock holder currently.
Rio Tinto or the Chinese are in a position to do this with ease after the PEA. Making them eligible for a hostile takeover of SOLG. (Or at the very least, putting them on the top table right next to NM and breathing down his neck to sell Cascabel. A great flanking manouevre, methinks.

NM has lost ground dithering with CGP. CGP have now pi**ed on NM's chips in public with this open and frank (but childish) letter. CGP remain a thorn in SOLG's side and must be eliminated if NM is to remain firmly in charge of his future @ Alpala.
CGP have increased in value by 70% over the last 12 months - might be worth taking a punt on this tiddler before they get snapped up?

And why is that?
Maybe the permits have been refused at some sites?

Calm down...calm down.
Are you on something?

In answer to your request for how much cornerstone owns: 9.2%. It's in NM's March presentation.
Newcrest own: 15.7%. Newcrest buy cornerstone out which gives them 25% plus the background buys since December and voila: 30%.
The PEA is waiting on the drilling permits - obviously. Can you imagine issuing a PEA only to find that further down the road, permits are refused!!! The drilling permits are awaiting Ecuadorian courts legislation.

For some reason it didn't like your name: addic "knt". I couldn't possibly guess why??

Do you know the answer then? How much would BHP or Newcrest own if they bought off cornerstone and adding what they have bought behind the scenes - you've seen the presentation - you'd know?
I'm guessing that they could be closer to 25-30% of the company now and even more of a shareholding going fwd.
Guess what - with this amount of stock, NM ain't going to be calling the shots!

His 'paltry' shot @ Cornerstone at a 20% premium won't wash - we've seen this. NM has to be quick, very quick and decisive next time he takes a pop at them because the giants will swallow Cornerstone whole and without blinking at twice this amount. If NM isn't careful - alerting everyone to his original buy out strategy of cornerstone, will end up in an own goal........

Could you expand on what happened to Ivanhoe mines please?
I see it is one of THE biggest Copper finds in the world and the Chinese stepped in. What happened to the shareholders consequently?

Could some kind knowledgeable "expert" on the subject of shareholding please advise me of the following then:

BHP/Newcrest current shareholding, as a percentage?
BHP/Newcrest shareholding in SOLG AFTER it buys out Cornerstone, as a %?
BHP/Newcrest shareholding in SOLG after all of the above + ongoing share purchases that have been (a) considerable and (b) frequent, since either of them officially bought into SOLG last year, as a %?

Is it not feasible that one/either has sufficient shareholding to call the shots? Continued uptake of stock could see SOLG on the backfoot in very short order - no?

Newcrest or Rio or BHP will take Cornerstone out by eclipsing SOLG's paltry 20% premium offer.
It's a no brainer.
That will push SOLG further into a corner and make them less valuable than NM thinks he is.
NM is sailing close to the edge. He knows this and even though he is carrying out his due dilligence responsibly, the bottom line is that he is up against GIANTS and these guys don't mess about. They will dictate the terms of the sale of SOLG not poor old NM.
SOLG will be bought out but on the terms of the big player(s), not NM's It'll still be fine for NM but I do wonder what will be left for the rest......

Looks like this info has already been assimilated by the main players including the government. The pressure group is a fringe element, fighting for local protection and doesn't see the big picture. Too little, too late perhaps?

Quote:

"...We accept and identify that any actions that Cornerstone Capital Resources takes as a company in Loja, is also attributed to its Australian Joint Venture partner, SolGold resources. We denounce SolGold’s complicity in the aforementioned violations...."

Why don't you make this little competition worthwhile by all the contributors giving say £10 each to a worthwhile cause - selected by the winner of the rollover?
Filthy has filtered me, as usual as he hasn't taken my price seriously for the rollover.

Could someone on here relay my following message to him please:

IF (and only IF) this rollover becomes a charity competition (as described above), I would like to estimate the SOLG price at: £1.61p on 1st September 2019.
Separately: IF SOLG achieves £1 or over, at ANY (repeat ANY) time in 2019, I will donate £2019 to the charity of choice (selected by the winner of the rollover charity competition).
In the event this competition isn't converted to a charity competition, then I'm out.
Do you think he'll take up the challenge?

[Justgiving web site is the easiest web site to contriubte to by shareholders like this}.

ZOROS: SOLD