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All gone very quiet.
Oh. Must be nearly midnight there.
Bye all. DYOR DYOR DYOR
As was once said to me.
Do as much as you can and enjoy what you do.
Sounds good newtoit. Just not sure, I could drink that much beer these days.
with enough peeps, it should be 20 minutes shifts and then 2 cold beers.
that suit you?
There's a thought newtoit, I am only 58, retired because I was burnt out, working over 80 hours a week. I do miss it sometimes, but been a year in retirement now, and don't regret it, as you have no idea that the tiredness and aches and pains are not normal, and feel a lot healthier for it. But digging, laying cables and spending time in Ecuador sounds fun. Only 8 hours a day please.
if you're in retirement, you can direct or put plasters on sore hands.
alternatively, laugh at some of us trying to dig with a spoon.
I've seen THE GREAT ESCAPE
Excellent idea newtoit, I would come out of retirement, to help construct the mine, they can pay us in Solgold shares.
Here is an idea.
There are enough holders on here.
why not all get our picks and shovels from the garages and meet down there and make a start?
Those that find it hard going can direct or make tea and sandwiches.
GLA
Come on Earthling, I am not an expert in everything, my expertise is engineering and Finance, at a high level, I have worked 35 years in engineering. We can agree to disagree, but Whereas I cannot offer advice on cooperate law, or at board level. I am more than qualified in the engineering field.
No disrespect but you seem to be an x everything lol
I include the planning of the mine in the build
All this we are doing is nothing compared to what it will take to get this to production.
Let’s wait and see eh? I still don’t think SOLG will be taking this production for the reasons many of us have said many times.
Sorry Earthling, as an ex Electrical engineer, And Technical Analyst in I.T, I have been on both sides, the building and designing. I can assure you the Low level and High Level designs are a lot tougher than the construction. Sure holdups and cost overruns occur, but their will be a contingency for this.
That’s not correct, the hard part is finding it and building it
Hi Earthling, that's not what I said. I said the hard part was the planning, the PFS and DFS.
Shipright, if you read the thread you would know I was responding to Quady who mentioned getting the right guy in
Exactly re the hardest part is the construction
Good evening Earthling, I hope I don't , I understand that the PFS and DFS include the plan of construction, and costs and infrastructure. This is the hardest part in any construction project. So we are already doing the hard bit. Once this is completed, we will have a stage by stage plan, and civil engineers, who can read these plans, along with mining engineering staff and laborer's, will construct it. Yes we need someone to lead it, but it will be done. Do you think Franco Nevada would inject this type of money into a project of this size, if there was any chance NM couldn't bring this to fruition. I will make a prediction, and break one of my rules. We will obtain all the funding to build Alpala, because our backers whoever they are, also believe NM can build this. All the best.
More than one guy earthling. You'd better email him and tell him. I believe he's found the guy and bought him a shovel
Quady I think you are vastly underestimating the experience, skills and money required to build a mine as big as this. He won’t just need one guy with experience it will need a whole team from a company experienced in block caving.
Hello Tiger, agreed, we agree to disagree. On the subject of NM and can he build a mine, the answer is yes, He isn't going to build it single handed, he puts the right person, in to do the job. I would say ask Franco Nevada, if they think he can build a mine. Not only do they think so, they are giving NM 100 million dollars, to get them to DFS. They only get their money back if the mine is built. So I would say ask FN if they can build a mine. Their answer is yes.
Shenanigans, we lov’em.
GLA
Will be interesting to see if the Newcrest director pulled from his position with SolGold decides to jump ship and accept a permanent position with SolGold! There’s the mining engineer/designer with all the know how position filled. That would really pee off Newcrest!
Hi Quady!
We'll have to disagree on this one, I'm afraid.
But why, I ask, do you imagine the current board are up to handling such a difficult task as financing and building a huge mine? Have they done it before? Do they have any comparable experience at all? Can't you see that Nick Mather is way out of his depth? I have some experience in corporate matters, and I find his interviews embarrassing to watch.
Good grief Tiger, that's pure fantasy, for so many reasons. No bid will appear in the next few days. No bid will appear full stop. But if I am wrong, nothing will occur until CGP ownership is sorted. As we progress towards the PFS, we will get a better idea of the direction of travel. Just because you personally want a buy out, doesn't mean it will happen. This can be defended in so many ways, we will go to production, whatever obstacles are put in our way.
I'd agree that Cornerstone are not acting on their own, but in concert with a major. The likely answer is that major is Newcrest, but it isn't necessarily so.
IMO, the current public squabbling is only the warm up act before the main event. I'm expecting the major to announce themselves in the next few days as a white knight, nobly riding to the rescue to save Alpala from chaos and bad management, whilst making a bid which is lower than many here hope, but which is still a great deal higher than today's share price. By the time they announce, the major will, of course, have secured Cornerstone's shares in SOLG and its 15% interest in ENSA.
I don't think the current board can justify a "go it alone" strategy any longer. They don't have the financial connections or the mining and logistical expertise to handle a project as large as Alpala, and it shows - painfully. And the CEO has already lost the support of at least two major shareholders. In a "normal" situation a truly independent chairman would have asked Nick Mather to step down some weeks ago.
IMO, the best the current board can do now is to strike a deal with BHP (or other major) for a farm-out of Alpala. Otherwise it will end in a full takeover.
I'm happy either way - farm-out or takeover. The one option I don't want is for Solgold's current board to be left in place to pursue their amateurish attempt to build a huge mine, one which will surely end in the project going over schedule and over budget, and in Solgold's current shareholders being wiped out by massive waves of dilution.
I think today means that we can almost rule that nightmare scenario out.
My thought is that there is definitely a major sniffing around and it may not be either NCM or BHP...
The recent stagnant price action, while copper soared...and now organised mayhem by CGP suggests that somebody is putting them up to cause as much disruption as possible, for a guaranteed price for their shares...
These majors have huge firepower and it has recently felt like Nick has been pushing water uphill...
Our only salvation may be an auction between prospective bidders....I've seen so many times, predators overpaying for an acquisition and rationalising the arguments to their Board/shareholders...
This is not a giant buy for any major and its an easy case to make when you have one of the biggest gold/copper prospects in the world, a foothold in Ecuador and potentially another 5/6 Alpalas...
Its going to be a harry next couple of months...
Buckle up and bring it on...!