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@EvenPrime @pete where do u see this?
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@pete Stockwatch
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@pete All credit to @engineer though ;)
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@engineer @pete :)
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from @engineer,
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@pete More visibility on the index page.. thats why i copied your info ;) hopefully good news coming
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@pete Lets see if it has anything to do with Jitney's relentless buying in the last weeks
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from #cgp,
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@pete If a take over offer, one way to maximise profits would be to buy some (extra) solgold shares before solg sellers are aware of the cgp news. But I'm expecting a JV for other projects
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from #cgp,
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@pete @elsalvador, np, all here to learn. IF cgp spins-out its non-cascabel projects, we would basically still own all projects, just in two vehicles. If then someones makes an offer for the Cascabel one, we can keep the other vehicle. Most of the times the ‘other’ projects are not valued correctly as Cascabel is soaking up allthe attention, as so a spin out would ‘unlock’ this value.
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@elsalvador @pete you're a star, very helpful, thanks!!
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@DJS So yeah, what @pete said.
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@pete Thats the fun part @elsalvador ! After that we can just enter the boring period of making money ;)
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@elsalvador @pete haha you're not wrong! And to be fair this is why I'm investing in individual mining stocks and not just in a tracker on the Nasdaq or something like that. I like the risks, the fun, the rewards (hopefully) but also the what-if scenarios.
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@pete Speculation at it's best: worst case: a raise at bad terms to fund some own drilling.. likelihood.. 1%. Best best case for shorttime profit; start of bidding war
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@osteocruncher Thanks @pete much appreciated
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@pete @bdminefinder at work!
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@pete Rosseau already had 4% in solgold
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@PamplonaTrader @pete, Irwin exchanged his shares in $SOLG.L for $CGP. Non-dilutive for $CGP shareholders - Now 19.25% economic interest in Cascabel - and makes $CGP a buyout for more than just $SOLG.L.
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@pete So to sum it up; it's a raise with Rosseau but instead of cash we are getting solgold shares and a strong partner
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@pete Solgold owning cgp shares and cgp owning solgold shares.. anybody seen this before?
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@pete A CGP takeover gives any third party a substantial stake in cascabel through the existing 15% Cgp has, in addition to the Solg shares Cgp now owns (approx 8%), PLUS any less than 9.9% Solg share holding an anonymous company might currently hold.
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from #cgp,
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@pete Look, @BDMinefinder, the guy who was pounding the table on another great Tier1 project $nxe, has just deployed millions in cgp. Huge vote of confidence for the cgp mgmt team and their assets. As @pamplonatrader said all year long.. small chance cgp will live to see 2018
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@pete @0Kib i think the opposite will happen. I assume Sprott and Rosseau are looking for a payday as an exit strategy .. but which reason would they have to sell cheap?
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@pete Besides, a slump sale would just attract the wolves BHP,Rio, etc
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@pete Looking at Rosseau's track record im inclinded to believe that he will force a high exit price with hopefully a spinco in the mix. As such I'm happy we got him on board.
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@pete Nxe also setted up some spincos.. although i can't assess the involvement of Rosseau in this
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@pete How come criticalinvestor was told then "just a couple of days" as mentioned in his article? Under promising and over delivering comes to mind
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@pete Anonymous, just remember that everyone is accountable for their own decisions..
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anonymous Just wondering if he was still in @pete
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@pete SolGold (LON:SOLG) 40p, Mkt Cap £573m – Scott Caldwell resigns as a NED at SolGold BUY • SolGold have announced the resignation of Scott Caldwell as an NED at SolGold. • Caldwell was the director nominated by Maxit Capital which put funds into the company last year. • We have no idea why Caldwell has resigned but wonder if Maxit may have a potential conflict of interest. • Conflicts of interest may or may not, on occasion, indicate potential for takeover or some over corporate event. • SolGold announced on Friday the placement of $41m worth of new shares at 41p/s, a significant premium to the price this morning. • Newcrest are putting another $40m into the company with a further $1.23m of shares placed with Ecuadorian investors. • Newcrest first put $23m into SolGold at 16p/s on 17 October 2016 to fund further drilling on the Cascabel project. • To date, Solgold has identified 15 individual targets within a 1.3km long mineralised corridor up to 700m wide within the Cascabel project area, of which it has drilled a total of over 36,000m on 3 of the targets. “an increased understanding of the deposit is now leading to much larger step-outs in drilling”. • Following the investments by Newcrest and Guyana Goldfields Solgold is also stepping up its drilling activity with a target of drilling 90,000m per year from early 2018. A fourth drilling rig is currently being mobilised and with a further 3 rigs expected to become operational over the next 2 quarters drill testing is expected to be underway at the Alpala East, Alpala West, Trivinio and Aguinaga by mid year and with eight rigs expected to be working by the end of the year, Solgold will also be drilling on the large Tandayama-America prospect, located further to the north. • SolGold is suggesting that, while “the bounds of the greater Alpala system … remain untested” the company “now believes that several targets clustered within the Alpala area may coalesce.” Based on these comments, it is clear that SolGold is coming to the view that they are investigating a larger mineralised system than had been apparent at earlier stages in the exploration programme. Conclusion: It is increasingly likely that one or more of the world’s major copper miners will position themselves to acquire a major stake or all of SolGold or the Cascabel project. We can see a definitive shortage of new larger-scale copper projects to replace the world’s major copper mines as they draw towards the natural end of their economic resources. *SP Angel acts as broker to SolGold
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@jmm Thank you @pete, interesting reading.
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@jmm @pete $solg.l $cgp $bhp The Minister of Mining announced that BHP, will invest about USD 41 million in the country's mining sector. "This is positive news that shows that international financial markets rely on Ecuador. They rely on tax conditions, stability and legal security, and so they decide to invest in Ecuadorian mining activity, "he said. - New Mining Concessions created more than USD 415 Million in Exploration. Newcrest Mining $ncmgy invested more USD 40 million in the Cascabel, operated by SolGold SOLG. - FDI is important for Ecuador. "The government of President Lenin Moreno (The new president of Ecuador) is working on permanent and transparent dialogue with communities; Technical training of human talent in the areas of influence of mining projects. - National Economic groups/firms benefits from this economic activity. i.e. Fruta del Norte gold project ($LUN) work with "Mas Errazuriz" from Chile and "Semaica" from Ecuador, explained Córdova. key contractor for Lundin Gold($LUN) for the construction of tunnels.
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@pete Strange to see the two white/blank spots... but very very interested in the aguinaga target! Drilling to commence in August
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from #solg.l,
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@SavShare @pete I saw them as well - reckon you are a regular on the LSE board as I am? Have emailed Solgold asking for clarification on the 2 areas that are consistently blank or outlined in the diagrams, let's see what they say
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@pete Just a lurker on lse
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from @savshare,
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@pete Thanks @engineer for the daily feed
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@pete Yes not an unbiased angle..
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@pete @pamplonatrader adding to that 19% could be 9.9% obtained after tsx listing.. thats a chunky 30% in total!
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from #solg.l,
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@pete Could you find the time to put these numbers in a graph?
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@pete Thanks.. of course. Srry to bother
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@pete $SOLG.L $CGP Cascabel Update: http://www.rns-pdf.londonstockexchange.com/rns/9364I_-2017-6-22.pdf Hole 25: 776m @ 0.77% CuEq Hole 24: 586m @0.43% CuEq
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@pete $Solg.l TSX listing conditionally approved https://twitter.com/SolGold_plc/status/878144872502317056 $cgp
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@pete Dipped my toe.. waiting on NL site visit report over the wknd
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@pete As a friday joke.. why not propose to put the shaft a bit wrong to trigger those majors? ;)
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