Nick Mather Interview: "Vision: Copper giant emulating Fostesque", page-4

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sol1

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11/07/20

23:05

Post #: 45803060
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Originally posted by sol1: ↑

I read 2 Australian articles about Andrew Forrest and Fortesque. This includes the period prior to Fortesque and thereafter. They were very detailed articles which helped me to understand the historical aspects of managing the transition.

The quoted tweet came from Solgold on Twitter: "Nick Mather has a vision to grow into a copper giant emulating the growth of Fortesque."

My Comment:
For me, this is the where the vision is now revealed.

Hitherto, one only knows that the Alpala project, Cascabel is of the more immediate attention given it has to continue to obtain all the necessary reports culminating in PFS, BFS etc as norm in any project. This will include the financing part which has already been covered.

I have not followed Fortesque in very fine detail although I know that they are no longer just involved in the original projects but had extended growth further.

For those in Solgold, it maps out the potential pathway the co is hopes to take by way of Nick Mather*s vision.

Therefore, it reveals a more COMPOSITE STRATEGY of Solgold going forward as to what it hopes to do.? So, interesting times ahead for Solgold shareholders. This is a major inflection point for Solgold since its days of a junior explorer on the London market.

I have not thought further since the tweet as that will require more time to look into Fortesque*s corporate history to-date. No 2 co*s will follow the exact path but it does give some idea how integration will work in general. Fortesque is in iron ore and Solgold hopes to be in copper and both these markets have their own trajectories & market cycles. One cannot discount corporate action as it is with any co or any new info etc.

On Fri, 10 July, 2020, the Solgold share price was 22 British pence +8.33%. Mkt Cap £457 million.
52 wk high 31.95 pence & low 10p.

Sol, Sat 11 July 2020.

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P.S.
For posterity, I think its would be interesting to list the various market caps of the players:

1] BHP - $36.19 with a market cap of $106.6 Billion. [Shareholder in Solgold]

2] Newcrest -$33 with a market cap of $27.10 Billion [Shareholder in Solgold]

3] Fortesque - $14.85 with a market cap of $45.72 Billion [Mentioned in said tweet]

4]Solgold at 22 British pence, market cap £457 Million [Exchange rate is average usually £1=A$1.7]

5] Rio Tinito -$97.99 with a market cap of $36.37 Billion [a more copper play?].

------Data from Hotcopper ---
------Solgold data from Google Finance---
As at Fri, 10 July 2020.

DGR Price at posting: 6.3¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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