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Published on Oct 12, 2016
SP
Angel mining analyst John Meyer tells Proactive that he expects SolGold plc (LON:SOLG) and BHP Billiton (LON:BLT) to get back round the table
and continue negotiations after the latter had an investment offer
rejected earlier this week.
“I’m not sure they’re used to being rejected by mining companies but they are used to having to negotiate their way into deals,” Meyer says.
“Looking at the conditionality of the offer that’s been initially proposed, it looks as if they would be looking forward to several months of protracted negotiations.”
Meyer also believes that other major players will also be sniffing around to see if they can get their hands on SolGold’s Cascabel copper project.
“[The rejected offer] will attract the attention of an awful lot more mining companies,” he claims.
“There are others in the area – Antofagasta, Rio Tinto, Anglo American – that are also going to run their slide rules over this one yet again.”
Speaking more broadly on the junior mining sector, Meyer was upbeat, telling Proactive: “Investors seem to be returning to the sector and there is a degree of momentum within the space"
http://www.4-traders.com/SOLGOLD-PLC-4005870/
www.solgold.com.au/
— SolGold (@SolGold_plc) October 12, 2016
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