OTCPK:CTNXF - Post by User
Post by
BSdetector2016on Mar 27, 2019 8:36am
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Post# 29541114
SolGold Updates Market on its Dithering
SolGold Updates Market on its DitheringIn my conversations with various persons at PDAC I came to the conclusion that SolGold was stalling for the following reasons:
(1) Ongoing infill drilling was expanding the high-grade core at moderate depths.
(2) SolGold wants this included in the PEA.
(3) A project of this magnitude requires that the PEA be credible with reasonable assumptions. The big boys are on-board and will see through the BS if there is any.
(4) Somehow SolGold believes stalling the issuance of this preliminary study will increase their chances of a successful bid for Cornerstone.
(5) Control of SolGold itself is in question.
(6) Copper future seasonality stalls mid-May.
(7) Gold future seasonality stalled now but picks-up in August.
(8) Timing of the PEA's release is part of the game.
These are my opinions only. I'd be happy to hear what others think. Cheers and good luck!