"Today*s market view:Acadia Mining, Hummingbird Resources Ltd,...

<><>"Today*s market view:Acadia Mining, Hummingbird  Resources Ltd, Lithium Americas, Orosur Mining Inc, Rambler Metals  & Mining plc,  Shanta Gold Ltd, Solgold plc."- Proactive Investors  19 Jan 2017

Quote:
"Solgold shares are seeing investor interest based on Cascabel discovery at Cascabel, Ecuador.   Investors are buying stock based on expectations of further kilometre- long intersections of mineralisation at the Alpala prospect, Cascabel.

BHP were also sufficiently interest in Cascabel*s Alpala discovery to submit an offer though Newcrest gained a first move advantage in their funding.

Newcrest have bought into Solgold for the discovery at Cascabel and as experts of block caving are interested in the economic potential the discovery presents.

Solgold have a form of first mover advantage in its discovery  at Cascabel  with its activities followed by Lundin Mining...Fruta del Norte gold project...

A resource of sufficient scale to rank close to the world*s top 10 copper mines would be of great interest to the major mining co*s and could lead to a b i d d i n g   w a r for the asset among the major players.

Conclusion: For now, investors are looking  for Cascabel to become the  NEXT biggest  copper discovery in Latin America. Solgold is well funded  with $43 million of cash to advance its discovery at Alpala and to test other targets within the Cascabel licence area. The team are excited  about the potential to make f u r t h e r  Alpala - like discoveries and  for the potential  for these to  c o n n e c t  at  depth.  There is also  potential for  some near surface copper gold mineralisation to provide for a n e a r  term development proposal."

By S.P Angel, Broker
www.*.co.uk/columns/sp-angel/26920/today-s-market-view-acadia-mining-hummingbird-resources-lithium-americas-orosur-mining-inc-rambler-metals-and-mining-plc-shanta-gold-limited-solgold-plc

Note: It is good to read the report from the broker as to what is driving Solgold shares, state of play re: takeover and the state of the discovery process via drilling etc. Please check.  I have more time on a Sun to complete my research.

Sol1 , Hotcopper 12 Feb 2017 [Sun]