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DGR, DGR GLOBAL LIMITED
blacksheep
post Posted: Feb 1 2019, 07:29 PM
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Posts: 6,076
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In Reply To: blacksheep's post @ Dec 20 2018, 12:41 PM

SolGold plc | LSE / TSX: SOLG (11% owned by DGR)
QUOTE
On 3 January 2019, SolGold announced a revised Mineral Resources Estimate for the Cascabel copper‐gold
porphyry project in Northern Ecuador. Full details of the release are available on SolGold’s website.
SolGold continues to movie towards the formalisation and publication of its Preliminary Economic
Assessment of the project.

Overnight in London, SolGold announced its intention to make a scrip‐based takeover offer for TSX‐listed
Cornerstone Capital Resources Inc (“Cornerstone”). Cornerstone owns the remaining 15% of ENSA, which
in turn owns the Cascabel copper‐gold porphyry project in northern Ecuador. If the Offer is made and
successfully completed by SolGold, holders of Cornerstone Shares who tender theirshares under the Offer
will receive 0.55 of a SolGold Share in exchange for every Cornerstone Share tendered.


Nicholas Mather, Chief Executive Officer of SolGold, stated: “We are pleased to have reached the point
where we feel that an offer to combine SolGold and Cornerstone makes sense for Cornerstone
shareholders. The combined entity will have tremendous economic upside, further de‐risk the ownership
structure and present a simplified and highly attractive value proposition for investors. We encourage
Cornerstone shareholders to closely consider these factors and we are confident that once they do, they
will recognize the potential this proposal holds and tender to our offer.”


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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 20 2018, 12:41 PM
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Posts: 6,076
Thanks: 2185


In Reply To: blacksheep's post @ Nov 15 2018, 09:42 AM

Australia's top gold miner boosts bet on Ecuador copper project
QUOTE
Australia’s largest gold producer, Newcrest Mining (ASX: NCM) has upped its holdings in Ecuador-focused explorer SolGold (LON, TSX:SOLG), which is developing the Cascabel copper-gold project in the country’s north.

The deal further bolsters Newcrest’s position in SolGold against No.2 shareholder, BHP, as it raises its stake in the junior miner to 15.33% from 13.83%.

In September, BHP bought Guyana Goldfields’ 6.1% stake in SolGold for $35 million. It nearly doubled its stake the following month to 11.1%, triggering speculation of a potential takeover battle with Newcrest.

read more - http://www.mining.com/australias-top-gold-...copper-project/

SolGold plc | LSE / TSX: SOLG (12% owned by DGR)
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 15 2018, 09:42 AM
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Posts: 6,076
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In Reply To: blacksheep's post @ Oct 28 2018, 03:15 PM

Takeover target SolGold looking bigger and better
QUOTE
Takeover target SolGold's latest drilling results were "encouraging" according to one of Australia's top mineral exploration consultants, who expects the company's resource estimate to be "bigger and better" when updated next month.


QUOTE
Low-profile resource house DGR Global and BHP each own just over 11 per cent of SolGold.

https://www.afr.com/business/mining/takeove...20181114-h17wb7



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 28 2018, 03:15 PM
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Posts: 6,076
Thanks: 2185


In Reply To: blacksheep's post @ Oct 16 2018, 09:22 AM

Newcrest CEO Sandeep Biswas hopes SolGold 'big enough for both of us'
QUOTE
Copper explorer SolGold's Ecuadorian acreage may prove good enough to satisfy both Newcrest Mining and BHP, according to Newcrest chief executive Sandeep Biswas.

The two big miners rank as SolGold's biggest and third biggest shareholders respectively, and BHP's swoop on 11 per cent of SolGold in recent weeks has sparked speculation that Newcrest and BHP could be headed for a bidding war over the explorer.

https://www.afr.com/business/mining/newcres...20181026-h175a0



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 16 2018, 09:22 AM
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Posts: 6,076
Thanks: 2185


In Reply To: blacksheep's post @ Sep 24 2018, 10:39 PM

SolGold plc | LSE / TSX: SOLG (12% owned by DGR)
QUOTE
Earlier today, BHP Billiton Holdings Limited (BHP) announced to the ASX that it had increased its
investment in SolGold by subscribing for 100 million new SolGold shares priced at 45p each (representing
a 30% premium to the 20 day VWAP in SolGold shares), taking its holding in SolGold to approximately 11%
and raising USD59 million for SolGold.
As part of the arrangements announced:
 BHP has anti‐dilution rights to a 10% level for a period of two (2) years;
 BHP is to have a right to appoint a Director to the SolGold Board, provided it does not drop below a
10% shareholding level;
 BHP agrees to a standstill in respect of SolGold under certain circumstances for a period of two (2)
years, but may acquire further shares with SolGold’s consent;
 BHP willsupport the recommendations of the Board of Directorsfor a period of two (2) yearsin respect
of SolGold Board composition;
 BHP will, for a period of two (2) years, support the recommendations of any Independent Expert
appointed by the SolGold Board in the case of shareholder approvals required in “change of control”
transactions on the project, SolGold itself, and any capital change resolutions required in the ordinary
course of business if supported by holders of 60% of SolGold shares voting or accepting, for a period
of two years.



SP up 24% on news, currently @
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 24 2018, 10:39 PM
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Posts: 6,076
Thanks: 2185


Article on SolGold - SolGold plc | LSE / TSX: SOLG (12% owned by DGR)

SolGold 'vulnerable' to takeover
QUOTE
SOLGOLD CEO Nick Mather says the company is poised for a re-rating ahead of a resource upgrade.

By November, SolGold will have completed 145,000m of drilling at the already large Cascabel project in Ecuador, with a resource update due for the Alpala deposit then.

Speaking at the Precious Metals Summit in Colorado, Mather said the company was targeting 10 million tonnes of copper and 25 million ounces of gold in the updated resource.

"That's around double what we put out in December," he said.

Mather said the updated resource should lead to a re-rating and would extinguish any doubt people had about the project.

Earlier this month, BHP paid US$35.2 million for a 6.1% stake in SolGold after unsuccessfully proposing a joint venture over Cascabel in 2016.............
.

read more - https://www.miningnews.net/events-coverage/...ble-to-takeover

Interesting comment

QUOTE
Mather said Fortescue Metals Group was the second-most active explorer in Ecuador, with Hancock Prospecting also ramping up activities.

"For Gina Rinehart and Andrew Forrest, copper is the new iron ore."

https://www.afr.com/business/mining/rinehar...20180906-h1509s


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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Sep 21 2018, 07:52 PM
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Posts: 6,076
Thanks: 2185


In Reply To: blacksheep's post @ Sep 21 2018, 03:31 PM

Judgement did not go in LKO's favour - 'Lakes Oil chairman Chris Tonkin said he would seek advice from the company’s lawyers about the judgment."

Rinehart's $2.7 billion court case against Victoria rejected

QUOTE
A company part-owned by mining magnate Gina Rinehart has lost its $2.7 billion court case against the Victorian government over the state's ban on gas exploration.

The Supreme Court in Melbourne on Friday rejected claims by oil and gas company Lakes Oil that the government’s state-wide moratorium on “onshore petroleum” exploration was unlawful.

Lakes Oil was seeking damages for $92 million it had already spent, plus more than $2.6 billion in lost future earnings, after being prevented by the ban from using six permits it owned to explore for gas in Gippsland and the state’s south-west.

The company first went to court in 2016, after the Andrews government slapped its ban on fracking and all exploration and development of unconventional onshore gas.

The company said the state deprived it of the use of its exploration permits "for the purpose for which they were intended" and wanted damages for losses suffered as a result of then-Resources Minister Wade Noonan's conduct.

Lakes Oil’s argument to the court was that the state government’s conduct was ”unjust and unlawful”.

https://www.smh.com.au/politics/victoria/ri...921-p505b2.html



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: crooky  
 
blacksheep
post Posted: Sep 21 2018, 03:31 PM
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Posts: 6,076
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In Reply To: blacksheep's post @ Sep 19 2018, 04:10 PM

DGR up 8% currently. Not sure if market is anticipating a favourable decision on LKO's litigation against the Victorian Government and this could be responsible for rise? DGR has a 41.5% stake in LKO. LKO is currently in a TH waiting on that legal outcome.

Likewise DHR, who own 32% of LKO, are up 50% today
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  
 
blacksheep
post Posted: Sep 19 2018, 04:10 PM
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Posts: 6,076
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In Reply To: blacksheep's post @ Jan 4 2018, 10:54 AM

Nice to see BHP buying into SolGold put a rocket under the DGR SP while I was away

QUOTE
Today on the ASX, BHP Billiton announced that it had acquired a direct 6.1% interest in LSE / TSX listed
SolGold Plc, in which DGR Global holds a 12% interest.
BHP Billiton’s shareholding interest in SolGold
was the result of an off‐market acquisition of SolGold shares previously held by TSX listed Guyana
Goldfields Inc. According to the announcement made by BHP Billiton, the transaction was priced at
a 20% premium to the 20 day VWAP for the trading in SolGold’sshares on the London Stock Exchange.
It is possible that this non‐control transaction in SolGold may have had an impact on the recent
trading in DGR Global’ssecurities. SolGold has yet to make any announcement about this transaction
as the London Stock Exchange is not yet open for trading
.
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 4 2018, 10:54 AM
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Posts: 6,076
Thanks: 2185


In Reply To: blacksheep's post @ Nov 30 2017, 08:41 AM

SolGold plc | LSE / TSX: SOLG (12% owned by DGR)

Solgold maiden resource at Alpala, Ecuador is 5.2m tonnes copper
Frik Els | about 7 hours ago
http://www.mining.com/solgold-maiden-resou...-tonnes-copper/


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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: crooky  
 
 


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