Hi All,Just read your post japanfresh and in another article...

Hi All,

Just read your post japanfresh and in another article headed " SolGold pledges to proceed with Cornerstone bid"  8/2/19 published by Resource World  it has similar text but goes on to say that they were surprised and disappointed by the dismissal of Cornerstone to the TO proposal.

In its release SOLG pointed to the POSITIVE market reaction to its proposal. CGP shares jumped 14% on the day and on Friday were trading at 0.325 cps.

SOLG went on to say that it believes this reflects the fact that the market understands the proposed offer would; - 

Present all equity classes in CGP with a significant premium equal to the highest price that CGP has enjoyed in 2 years.
Remove the financing risks to equity value imposed by the current structure of CGPs 15% interest in Cascabel.
Enhance the value of a SOLG control premium for CGP shareholders (which they currently do not enjoy)
Provide impressive pan -Ecuadorian exploration value upside from the multi target first mover copper gold projects portfolio in SOLGs four wholly owned subsidiaries covering the entire length of the Andean copper belt.
Probably see the BID SUCCEED in contrast to the statements by the CGP board in its release.

SOLG SAID IT INTENDS TO PROCEED WITH ITS OFFER IN ACCORDANCE WITH THE TERMS ANNOUNCED.

So the battle will be on .!!!!!!!!!!   I hold both and feel that overall NM has got it about right although I feel at 0.55 of a share the offer is a little bit light I think a SP offer closer to 0. 50 cents and the offer would have been jumped at and accepted. Will see what develops from here . Interesting  times ahead for all.

I have also just taken a position in IRR on the AIM as I agree I think it has HUGE potential especially now that they are going to CONCENTRATE on the GOLD and the LITHIUM and put the other exploration on hold in to the future. So now have 3 daughters of DGR separately held SOLG - IRR  and ANW. I am hoping for good things from them all in 2019.

GLTA

moureeses