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What’s triggered this
https://cassels.com/insights/national-instrument-43-101-part-6-technical-report-triggers/
Was pointed out to me
“Someone must have asked for disclosure “
Anyone read it yet?
320 pages lol
This report has to be filed when one of the trigger events occur...have a look at the trigger events
Ooh, this might get people talking :-)
One of the triggers;
"a take-over bid that discloses mineral resources, mineral reserves or the results of a preliminary economic assessment on the property if securities of the offeror are being offered in exchange n the take-over bid"
IRR 16.8% with Copper at $3 lb.
Not a high IRR?
Nomlungu, it’s an even worse IRR when you use $2.50 or lower….
Not sure what your point is.
From the PFS RNS in April: "SolGold intends to release a National Instrument 43-101 ("NI 43-101") technical report on Cascabel within 45 days of this release (the "Technical Report")."
So we knew this was coming since the PFS release.
today's price is 4.32 $/lb
so what are the upsides with the looming shortage?
Another 1.3m+ Shares Late trade
They really are a bunch of pr**k teasers, aren't they?
Well there goes my weekend reading all this, quite an impressive piece of work, I do like page VIII/8 why the Roman numerals?
Has experience of open pit and the mention of another miner’s name, it seems our long wait may be getting a hell of a lot closer.
Well will see you all early Monday, hope you all have a good read and a relaxing weekend
Atb
Ooh here goes solgers ONWARDS AND UPWARDS GLA
And the tsx ?? Woop woop ,!!!:)
Anon3 and DBW, sincerely hope it is a "take over bid" that has triggered this required report! Have read about 150 pages, very interesting but a bit repetitive! Monday maybe D Day?
Eish fingers crossed you are right. Why wait till Monday though when Canadian markets still have two days to go
Item (I) in paragraph .....takeover bid DBW maybe....
How long would this report take to prepare?
I'm pretty sure that if a bid triggered it there would already be a "the company has received an approach that may lead to a bid..."
And why would we be flagging up an EGM that is still 28 days away...?
However given that the informed articles said "May/June" this release may indeed fire the starting gun on one of the most eagerly awaited bidding wars for years...
And the longer BHP leave it, the harder it will get to avoid a battle with potentially several suitors...
Rien ne vas plus...
Maybe they are just having discussions about disscussions
Whatever the report is for its nice to see the price holding strong and steady this morning : o ))
Lol
This report is absolutely nothing to do with any potential bid or upcoming corporate event…
it’s simply a regulatory requirement to submit this report within a certain number of days of the PFS.. the mania this has triggered is insane… Solg are just adhering to technical requirements.
Agreed