SOLG Hole 19 & State of Play, page-3

DGR Global - Last M & A deal
<>"Orbis Gold r e j e c t s takeover from Semafo."-Proactive Investors, 14 Oct 2014
www.*.com.au/companies/news/140123/orbis-gold-rejects-takeover-offer-from-semafo-58146.html

Quote: "Orbis Gold has rejected ...proposal of $0.62 to $0.65 from Canada*s Semafo that valued the co up to $162.44. Orbis is currently updating its Scoping Study on its updated resource of 18 million tonnes at 3.4 grammes per ton gold for 2 million ounces.

Key takeaways include NPV of $446 million, IRR of 60%, payback of 1.4 years and free cashflow of US$560 million. "

<>"Orbis Gold Board Unanimously Recommends Increased Semafo Offer."- Market Wired, Feb 10, 2015
www.marketwired.com/press/release/orbis-gold-board-unanimously-recommends-increased-semafo-offer-tsx-smf-1990682.htm

Quote: "All directors and Major Shareholder DGR Global to accept. Revised Offer price of A$0.713 Best and Final.

The revised offer is within the f a i r value range considered by the Independent Expert.

The revised offer follows an e x t e n s i v e process undertaken by Orbis Gold and its advisers to seek an alternative transaction to Semafo*s offer...commenced following the ann on 16 Oct 2014.

<> <>"INVESTMENT PROPOSAL FROM BHP BILLITON"-SOLG RNS, 10 Oct 2016 www.solgold.com.au <> <>

My Comment: So from the Orbis Gold takeover one can see the initial offer was made on 16 Oct 2014 and the revised and final offer on 10 Feb 2015.

So, Feb 2017 is an interesting month to see if BHP will return to make a revised offer although it is not necessary that it has to follow the Orbis Gold timeline.

*What we know so far:
<>"Solgold not ruling out potential offer by BHP"-Market Intelligence, S & P 19 Nov 2016.
Quote: Nicholas Mather:"Solgold would consider a takeover from BHP IF the p r i c e was right."

<>"Newcrest cool on possible 2nd play by BHP for Solgold bit.ly/2gmSo8N " - SNL Metals & Mining @SNPMetal on Twitter
23 Nov 2016

<>"Battle between 2 of the world*s best known miners for a stake in Solgold." -SNL Metals & Mining 10 Oct 2016 [This is the Twitter a/c of S & P Global Market Intelligence].


My Comment:
My post of 12 Feb 2017[See embedded post] was about where Solgold is currently at ie Hole 19 and South East Alpala.

<>Nick Mather, SOLG RNS, 2 Feb 2017 -"Cascabel Exploration Update"
"We are very interested in South East Bornite Rich Zone which can DOUBLE the size of Alpala. With the global copper outlook & Alpala growing we are very excited and looking forward to Hole 19 results."

Hence, why Hole 19 & Hole 21 Hermatite Hill results are keenly awaited.

This appears to provide the momentum in Solgold and the price finished at 42 British pence [intra day 46p and new high for 52 wks and Market Capitalisation at £610.69 million.

TAKEOVER STATE OF PLAY?
The BHP Billiton takeover offer of 10 Oct 2016 appears to be now surpassed by the share price of Solg due to more drilling and information from the co about the directional news about Alpala South East etc.

Solg is planning for TSX listing and Standard Main Market listing on the London Stock Exchange from AIM 50.

The Market Capitalisation of £610.69m @42p on Fri, 10 Feb 2017 = US$763.36 million.

"Solgold Presentation, Feb 17, 2017" www.solgold.com.au/presentations/ stated: Tier 1 Copper Gold Discovery. Targeting a discovery based on re-rating. Pg 38 Bornite 70% surface at Aguinaga."

So, the share price & mkt cap at the time of the BHP 10 Oct 2016 Offer to now, 12 Feb 2017 appears that re-rating has been taking place.

OBSERVATION
The current topic of takeover naturally is what the London stock forums are interested in. So Solg is entering an interesting phase.

Solg is making progress on all fronts of drilling etc. According to "Mines & Money Corporate Presentation."- 16 Nov 2016 on www.solgold.com.au Pg 29"Cascabel combined targets > 40 MOZ. Alpala Central expected to hold >5 MOZ. Pg 18- 10 Billion tonnes of highly rock to be tested at Aguinaga, Moran and Alpala. Pg 28 Huge capital advantages , savings up to $3 billion."

What is Nicholas Mather*s right price [as above]?
Only Nicholas Mather knows what is his right price?
It is interesting only for discussion that Orbis Gold initially obtained an offer of $162.44 million for 2 MOZ [3.4 g/t] in Oct 2014 and accepted in Feb 2015.

So via simple maths, its not hard to see what sort of potential figures that Cascabel could fetch IF >40 MOZ is drilled up as above? However, the past is not a guide to the future so hence one has to wait for the actual official news IF it arrives from which ever quarter/s?

Otherwise, Solg will proceed with their investors on board as per my post on 12 Feb 2017 under this title to becoming a mining co.

It is too early to discuss other potential licences obtained by Solgold in Ecuador etc.

Please check as there can be typo errors. Just a discussion of where Solg is at.

Sol1, Hotcopper, Sun 12 Feb 2017