Post by
Malpeque2 on Jun 30, 2020 7:21pm
Correction: Shareholders with an IQ UNDER 85 Will NOT Tender
They would rather sell in the open market like Rosseau did a few months ago at $2.50 rather than take the $3.60 in shares offered by SOLG.
It's a joke right? How does Warren Irwin justify to his clients that selling 1M shares in a transaction to his Canadian friends Charmandy and Singha/Maxit a few months ago at $2.50 is o.k. But tendering to SOLG at over $1 per share more a few months later is not O.K.
Looks to me like Newcrest is out. THey shot their wad of cash at Imperial for their next block cave project........and now have just resigned from the BOD of SOLG. Seems like a stange strategy IF they intend to come back as long term investors in Equador.
Don't think BHP which is invested in SOLG is actually going to bid against themselves here to buy up the flotsom and jestom pieces floating around in CGP share of the project.
My guess is Carmandy and Maxit better have some more $$$ to acquire Rosseau's shares because he looks like the weak hand here to be a holder in the face of the tender.
Comment by
RatPatrol on Jun 30, 2020 8:08pm
This response is not only irrelevant; it is not understandable as part of this proposal. At any rate, the majority seems to be aligning with the "NO's". That's all that matters. Who cares about who's doing what to the other guy? Just know this. There will be more twists before this deposit is owned by capable underground miners. But.....VALUE WILL OUT.