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Show me one thing were solg have changed since you say mather left. Perhaps the growing list of fantasists who chat to Caldwell may know.
Delusional. Hahaha
What exactly has changed?
Not me who's delusional
As I said, you're delusional. If you can't see what's changed, you are beyond redemption.
Anyway, feel free to carry on railing about Mather, although it appears to be affecting your mental health.
Adict. Don't make a fool of yourself, sid after 20 odd posts, may of emailed Caldwell tho I very much doubt it. But caldwell certainly didnt respond. How desperate are you.
And as for you thinking mather is not still pulling the strings. Well words fail me.
And as for Canadians. That mate has gone right over my head. Now stop being silly
Sid, what email address did you use for Scott?
Nal, you're labouring under the delusion that Mather is still running the show. Life has moved on.
Incidentally, are there any Canadian ex- Cornerstone shareholders who use this site? I'd be interested to get your view of the situation.
I also asked Scott if they are going to use chatgpt/AI to speed up their work. He replied with the following?
"Thank you for sending the article. I agree, some incredible progress is coming with AI, and I anticipate major advances will occur in mining as with many other sectors. Where SolGold has an opportunity to incorporate new technology, we will most certainly do our best to do so"
I personally think we are in good hands and he will deliver otherwise Chinese wouldn't be buying more shares.
'Is all the recently cancelled Copper heading to China to refill empty bonded warehouses?
https://www.reuters.com/markets/commodities/global-exchange-copper-stocks-sink-15-year-lows-2023-06-27/#:~:text=LONDON%2C%20June%2027%20(Reuters),almost%
A whole day, taken up by keyboard experts trying to out do each other with their knowledge. Hilariously on a scenario that exists only in their minds.
Solg are incapable of running solg as a small exploration company.
Who do you think would give mather billions to build a mine, given his management skills, I suggest no one.
Also, who would want to joint venture with him.
He picks an argument with himself over what shoes to wear.
Our one and only hope is a sale. And he's tried for several years to achieve it. And to date failed miserably.
A million words posted on here by clowns, will not alter facts
WI still not feeling the love for copper at the moment after doing another interview...
https://youtu.be/f8qzvJ3mQPI
Think SOLG is going to be quiet for while until hopefully favourable election results and this modified mine plan give us a lift. C
Interesting to see how this return to planning will play out at the AGM. NCM (if still in) and BHP will be predictable in trying to destabilize to board. Jiangxi will, on assumes, not rock the boat for now. Will PIs try to vent their frustrations with dissenting votes, or will the SR be sufficiently attractive that most folks go for it? Time will tell - it might be a timely bellwether of support for Plan A.
Thanks Sid200 looks like I and everyone will have to wait to see if anyone - including the outside consultants - can map a way forward that involves building a mine but doesn't involve financial disaster. They're the experts. Will be interesting to see what they come up with.
I sent an email to Scott asking why they don't bring some extra hands to complete the mine plan earlier, if this is what the possible bidders are waiting for
He just replied with the following:
"Thank you for taking the time to send your thoughts on the approach to the new mine plan. We are in the process of developing a clear plan and scope internally. Outside consultants will be utilized with a well-defined scope, budget, and timeline. The work we are doing internally will ensure that we get the most from the consultants that we do use. We understand that time is of the essence.
Thank you again,
Chris"
They do reply so any questions, just send them an email
I agree Orthern but with that in mind, what is the solution?
You say it yourself we're going to a small business. Between two small businesses we've found a globally significant asset. An asset which is too big for us to finance and probably too complex for us to build without significant outside contract work.
Now factor in that CGP and many SOLG PIs have been baying for a sale for 4 or 5 years now. The outcome is a soft strategic review.
It's probably worth as well that other resource companies in London (Eurasia and Landore) have undertaken strategic reviews and none of them went to a set timeframe. I mean how do you set a timeframe for one? You can set a firm deadline for expressions of interest but in the event you receive none you have to announce that developing is the best strategy and that craters a share price by 30-50%, so you only end up cutting off your nose to spite your face.
I'm still confident the strategic review is genuine and I'd hoped it would be done by around now but clearly some latam politics have thrown a spanner in the works.
I think it's just a case of being patient for a little longer.
An open ended strategic review doesn't restore credibility... it makes the board/mangement seem incapable..
I've said before, we are just a small explorer... we are not a multinational conglomerate with fingers in multiple industries, spread all over the world... It is ludicrous that a strategic review, of a small business, to decide what direction to take the business forward in, should take a year, or even longer.. It highlights a continued lack of any progress to the markets.
That's your opinion, Sean. Absolutely legitimate, but one you can see today is not shared by all. I have as much tangible evidence that we might be able to finance a simpler mine as others here do that we're due an imminent takeover - very little.
SC seems to have reverted to the same playbook as DC and NM: you'll only attract a bid if you have a plausible Plan A to mine the minerals, with all the licences and procedural steps that entails. It's a shame we had this sp-knackering wobble in the middle, where people who should know better pretended a sale was imminent, and the market showed just how much it disagreed. Hopefully the SR will restore some credibility, and some value, and then next year we can work on progressing things whilst secretly hoping for a bidding war.
Got it
if they censor part of matt han**** on here what do they do with s****horpe?
dinnermoney, some us are still living in 2020.
i'm at home getting 80% of my wages, watching tiger king on netflix, cheering on captain tom, baking banana bread, clapping the nurses while they do dance routines and stop me seeing my dying relatives, keeping fit with joe wicks, protecting the nhs, staying indoors, leaving my shopping on my doorstep for 72 hours, grassing on my neighbours, hissing at people to wear a mask, believing matt han**** and his sidekicks, and telling everyone that a bid for solg is "imminent".
I genuinely didn't see a single post that convinced me that a mine is not only not on the cards but not financially feasible. So it is "clear" unless someone out there can come up a tiny bit of evidence that a mine is on the cards and a viable option.
I asked a genuine question, but didn't get a direct answer because no one has an answer, including Scott Caldwell.
So why on earth are we sleepwalking towards this option - unless people are just so sick and tired of waiting for a bid that they are prepared to believe anything.
I honestly thought I was missing something, that everyone had access to information I hadn't seen, but I'm more worried now than before that if we don't get a bid we are going to do something very, very stupid and costly.
If nothing else today has served to showcase how thoroughly entrenched every poster here is. No minds are going to be changed. Lots want to impose their views on others, or be validated by seeing similar thinking. Sean asked for feedback, got some opinions and then said 'it is clear', which quite evidently it isn't!
I think we'd almost be better with two boards operating as uncontested echo chambers, and for news, people can just set up a search alert on the word 'solg' (which is all some posters here do, copying and pasting articles that all tech-savy members have already read)?
It would save fort and red feeling the need to tell us everything is rosy when the SP is half what it was a year ago, and it would save Quady having to explain why he thinks production is more likely than a TO at least twice a week.
Q, there's a huge difference between saying "Yeah, we could be interested. Come back to us when you're further down the track and have something tangible for us to look at" and actually handing over the readies. I've sat in enough meetings where this sort of thing has been said and learnt through bitter experience not to place any faith in the comment.
No evidence ever emerged to confirm his statement and I'm of the opinion it was misleading - to put it politely.
Honestly, I really do wish this was fundable, for the simple reason it would add value, but as it stands I just can't see it.
"Ideally we need a guarantor, maybe the Ecuador government to finance this on loans which are staged."
You are well and truly through the looking glass here Quady.
What would come first - paying back the loans, greasing the palms of everyone involved, fending off the constant threat of nationalisation under a new government... or us getting some dividends 15 years from now?
If we are really in a position to go cap in hand to the Ecuador government then we never deserved a shot at this in the first place.
Thanks to everyone who posted - it is clear that not only is a mine not really on the table, if it were it would be 100% disastrous and completely unfeasible and would wreck us financially, costing our independence and diluting current shareholders out of existence.
Annoying that Scott Caldwell even mentioned it - distraction, straw man, or smokescreen or whatever he meant it as.
Addicknt I accept he had expressions of interest, but that's still one billion.
We don't require all of that as this would be funded in many ways.
But that can be achieved without a JV.
I suspect a JV and keeping control.
So let's see what the strategic review comes up with.