Ive read through the J P Morgan report.  I have to agree with...

Ive read through the J P Morgan report.  I have to agree with posters on the SOLG Share Chat site that this is the best report to date.   They are conservative and  don't attempt to monetize the other 72 concessions but focus on Cascabel.   I cannot see Morgans in the top 20 for SOLG but they could be hidden in nominees. They will be looking to make money for clients so will be  getting them to buy at 35p to perhaps 80p to enable a profit at their 90p target. They have spent a lot of time on capex, the technical aspects of block caving and infrastructure. The report suggests to me they have been on the ground in Ecuador.
   They have the pedigree to put together a takeover.  I interpret this report as a marker for a takeover or a major funding package being put together which Morgans may look to market to SOLG.  
J P  Morgan Nominees were holding 27053931 or 4.41% of DGR at 22.1.19.  I assume they hold these mainly for clients but may hold some on their own account. They have added 900k since 4.10.18.
With SOLG at 90p the NTA of DGR becomes  AUD 0.64 so I predict Morgans will keep buying  DGR at less than 20 percent of their indirect  assessed value for DGR.