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Hi Jerry
You shouldn't accuse without knowing your investment.
"Gold and copper mineralisation at Havieron consist of breccia, vein and massive sulphide replacement gold and copper mineralisation typical of intrusion-related styles of mineralisation."
Source: https://greatlandgold.com/havieron-jv/
Bozi, veins? No veins mate not even sodding great arteries. You shouldn’t generalise when you are just guessing.
Different companies, different deposits, different valuations, different jurisdictions and different development.
Completely incomparable, except the sp….
Agreed ssmith
Zoros, I don't really understand your complaints or how you arrived in your position tbh. I'm not trying to pick a fight, but it sounds more like it's your own fault for heavily buying the spikes rather than Solg's fault for not having magically discovered, drilled, proved up and started digging Alpala in the space of 3 years.
You said you'd been here since 2013, and that you're in for 500k at 26p. Looking at the chart, in 2013 Solg ranged from about 1.3p to 13.70p. It spent a good chunk of the year under 4p. If someone had bought in 2013 for a few pennies and then held for 4 years they would have had the massive spike up to above 40p. That's the time to sell an explorer isn't it, during the speculative mania phase. Also the SP didn't get above 26p until tail end of 2016, so I am guessing you did most of your buying in the last 5 years? There have been spikes back up to 40p in that time so you could have sold... and to be honest with a speculative share like this, I don't think 5 or 6 years for a potentially multibag payday is that long.
If Solg was a one trick pony with just Alpala, then the SP was always going to struggle after the initial speculative spike to +40p... the classic value valley of the Lassonde Curve. As it happens, instead of just seeing the SP slide relentlessly back down to earth, the company has drilled various other targets, had several moves back up into the high 30s, brought Porv to the brink of an MRE and progressed Alpala almost to PFS and issued a load of shares to fund itself along the way. And yet the SP is still a respectable 28.80p which is many multiples of where it was in mid 2016 before it went parabolic.
I haven't picked the wrong stock at all Zoros.
SOLG are developing a porphyry copper gold project as a pure exploration company. GGP are sitting as minority partner and non-controller of a system of breccias, veins and intrusives currently being drilled out by a major producer.
To expect SOLG to work to anything like the same timeframes as Newcrest on a project that requires materially work is slightly naive on your part my friend.
Besides, we were comparing share prices and on that alone there is a very fair comparison.
For a company capitalised at £750m with a JORC resource of 4.2m oz of gold (inclusive of the copper) and an interest at Havieron soon to be diluted to 30%, you're going to need some barnstorming news to "send the stock north". Good luck with that.
Bozi - you picked the wrong stock there (GGP). You know I am into GGP and this is a feast and famine by comparison. GGP started @ Hav in 2019. By the end of this year (Q1/22 at the latest), they will be mining the gold under stage 1 (SLC). 30 months ffs!! Feast. Solg??.......(famine).
Even if I had bought into Solg during those heady 1, 2, 3p days, we would still only find ourselves @ todays prices over a decade later?
GGP did the same: 1p ish (many bought into it below 1p) - and now 20p but news is upon us imminently which will push the stock even further north.
I know, I know that the jurisdiction is different, sociopolitical differences, covid (yadder yadder) but one has to accept that Solg has been travelling at a snails pace for far too long now. Staying put until they dig gold to be able to tell yourself: well done blogs and it only took 15+ years to triple your money....wtf?
How many people can lock serious money away for 15 years with zero return, I ask? Folly.
Best wishes
Z
Z
CD- you have a valid point but don't forget that La Hueca has had some holes drilled and so has Blanca, neither of which turned up anything significant, but at least added to the company's data and models.
We did raise a decent slug of cash recently but that can still be eaten up very quickly if not being sensible in terms of the scope of exploration work at any one time. Alpala and Cascabel is the priority and Porvenir is 2nd in line and the other priority projects simply have to wait until SOLG are flush.
If we did sell our interest in Cascabel for example, I'm sure we'd see all manner of boots hitting the ground again all over Ecuador.
OK Zoros, I'll humour you, but before I do you must take into account that the full mining development cycle is from the pre exploration right through to development and construction of the mine. You should also take into account the full commodities cycle, the current bull market of which we're probably still in the early stages of.
Specific to SOLG, we saw the major market run from sub 2p to 46p coinciding with the major discovery and strong ongoing drill results.
We have also seen two runs from the low 20s to mid 40s.
For active investors who are inclined to rebalance their portfolio that isn't a reward to be sniffed at.
Please note that I could ask the same question to holders of... say... Greatland Gold. Have their holders been benefitted in a way that SOLGs haven't? No. Those highs of 38p or whatever it was are some way off.
It's the way speculation into these explorers works.
I thought RIO was put back until next year, pretty sure it was noted somewhere
Bozi - I note your last sentence -
"Just lets not lose sight of what has been achieved."
what exactly has been achieved in terms of reward for the PI since cascabels inception in 2012, then?
9 years and we are @ 29 pence...pence, not pounds!
Z
Zoros - i completely agree that time is crucial, moreso than money, for obvious reasons.
What i would say however is that it's a bit on the harsh side and say "we've been waiting 12yrs!".
The company now isn't the company that was working away in Solomon back then. It entered Ecuador a fair bit later and has gone from signing a deal with Cornerstone over ENSA to delineating the largest undeveloped copper project and finding another porphyry in less than 10yrs, all as a non-revenue generating junior.
I get that some are long in the tooth with the story now and i get it. Just lets not lose sight of what has been achieved.
Ask CGP: Irwin : DGR : NCM : NM whether they would accept a 60p offer from BHP.
Absolute scaremongering going on here.
Smithtrader - maybe, but to have "won" in that way over the last few years, I think you would need to have a) had that plan in advance and intended to trade it, and b) got your timing right. To make substantial gains you would also need to have got it right several times and have had quite a large amount at stake. If someone originally bought as a buy and hold investor and then got tempted into trying to trade it and made money then imho they have probably been more lucky than skillful, considering the large risk that they have taken on board by doing that.
Buy and hold has served some of us just fine, I'm up 27% and that includes a recent top up just under 30p. Of course, everyone's situation is personal depending on their entry point and price.
I was thinking more about Schlem's comment that he had 1m GGP at 1.5p and sold out for a small profit rather than holding for a 25x life changing gain last year. And then did the same again.
I agree with Bozi, selling out of this at 50p because of fear and impatience would be premature imo.
Full ( or close too) full value please.
I'm in no rush but I'd like to see us progressing along the way.
My biggest frustration has been the delay of news which feels like 2 years now.
Be much happier once(long awaired) pfs and Porvenir mre are released.
Interesting posts on this. I see there are a cross section of 'investors' commenting.
It's one of those subjective things, I suspect. Each has their own agenda and we can't tar everyone with the same brush. I fully recognise the seductive stance Bozi speaks of...my god wouldn't that be beautiful - invested in Solg when all that came to fruition...it would bring tears to Schlem's eyes!
But as I have always banged on about - there is more to life than loads of money.....surely and the biggest commodity above all else is time.
Some people have been here since 2009 for feck's sake! still waiting for the Bozi effect to kick in WTF!
I have been here since 2013 and enough is enough to be honest...who wants to be a multi millionaire in one's dotage??
I invested for the medium term and to make a half decent return....and then MOVE ON. Spend the money on family and stuff while I can enjoy it....
It's taking the pi^^ now, flop coc* king around in the weeds for months and months, years and years.
I'm in for 500k@26p. I would be over the moon (now) after 8 fecking years of listening to bowlocks on here...to sell @ 50p. Colour me gone once the SP approaches anywhere near that.
And the Bozi's in life can wallow in their riches a decade or so from now (if ever). ;)
Time and money......you know it makes sense....
Z
Rcgl... I believe the winners in SOLG over the past two.. maybe three years are those that have traded this well between the defined price bands bands. Buy and hold strategy has come second. Hence why the many frustrated SOLG holders
Patience, calmness and willingness to hold for the long term are what let you reap the big rewards.
Fear, panic selling and snatching at quick gains are what make you miss out on them.
50p/ £1.2bn for the largest undeveloped copper project in the world, a burgeoning prospect in the south that should be a mine in it's own right and the largest land tenement in the last 'unexplored' country in the andean belt, of any company.
£1.2bn?
I really struggle with the desire to undersell ourselves here. These opportunities don't grow on trees. They are few and far between.
Someone could buy us for £3bn, spend the same again developing Cascabel and still be mega mega mega quids in over the life of the mine.
50p would be an absolute disaster IMO.
I'm now holding a smidgeon just over 300k shares so 100p would be a life changer for me. I had 1 million GGP at around 1.4p and got rid for a small profit though I did take a smaller position at a slightly higher price a few weeks later but sold too soon.
I'd be happy with 50p+..all else would be a bonus
Solgold cannot allow itself to become a de facto subisdiary of BHP-Newcrest and if BHP won't cough up then feck 'em and invite bids from other majors
ColonelDrake,
What do you consider small time beer money and significant holder money ?
I'd like to figure out where I stand in the shareholder rankings.
1 quid would be the starting price where I would sell off some of my holdings.
If I was offered £1 per share I would take it and move on would anyone else
I think £1 per share would tempt a lot of investors
Giving the bidder of the £1 per share room to push the company on
Just my opinion