SOLG-Going Alone/Takeover-CRU

"CRU/CESCO-Solgold going alone on Ecuador find despite partner interest."-Mon, 9 April 2018 [3.30pm], Reuters


http://www.kitco.com/news/2018-04-0...on-Ecuador-find-despite-partner-interest.html

Highlights:

<>"Solgold has received advances from a dozen big miners including BHP & Vale."

<>"The co*s flagship project in Ecuador, named Cascabel appears from exploration to be  a major new high grade and gold to rival  some of the largest exsisting mines."

<>"Exploration manager, Jason Ward, speaking on the sidelines of CRU/CESCO copper conference in Santiago, said the co had been approached many times by potential partners and had repeatedly said NO."

<>"On Monday, VALE, the world*s largest iron ore producer has said it is seeking to expand its copper output...."

<>"Ward said a TAKEOVER would be "IRRESISTIBLE" once the Right Offer came along, possibly from a gold miner rather than a more diversified major, given the large amounts of gold associated with copper in the Ecuadorian discoveries."

<>"Solgold CEO Nick Mather has a track record of  making discoveries and selling them on rather than developing them, but the co could break that pattern in Ecuador."

<>"Ward said the Plan was to keep drilling, which ADDS to the Value of the Reserves in Ecuador as  more information  is established."

<>"It is definately Not  The Right Time To Sell Right Now, he said."

[Note: The rest is about BHP and what happened in 2016 and Newcrest]

Attribution given to Padmaster who spotted the article with thanks.