Solaris Resources (TSX: SLS) Up Another 5% as Potential Buyout Nears

Solaris Resources (TSX: SLS) is up another 4.96% this morning after gaining by 9.68% yesterday and gaining by 5.76% the day before.

China's buyout of Lumina Gold (TSXV: LUM) in Ecuador means SLS is likely next. They moved their office from Canada to Switzerland specifically to sell the company to a Chinese firm (potentially Zijin Mining).

We expect Augusta Gold (TSX: G) to increase by a significantly larger percentage on the day SLS is acquired because not only will SLS investors redeploy capital into Augusta, but it is possible management will buy every share up to $3-$4 and then sell the company to AngloGold Ashanti (AU) for $6 per share.

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA's President has purchased 232,200 shares of G and may purchase more shares. This message is meant for informational and educational purposes only and does not provide investment advice.