SolGold fears low-ball bid

Newcrest’s and BHP’s Ecuadorian copper/gold growth option – a takeover of the Brisbane based and London listed SolGold – has got a whole lot cheaper, writes Barry FitzGerald.

SolGold fears low-ball bid SolGold fears low-ball bid SolGold fears low-ball bid SolGold fears low-ball bid SolGold fears low-ball bid

SolGold's Cascabel project in Ecuador

SolGold, 85% owner of the monster Alpala discovery in northern Ecuador (23 million ounces of gold and 11 million tonnes of copper), has halved in value since mid-May to a vulnerable US$460 million