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ToS1963 - Yes programmed handover moved from 2Q25 to 4Q25 but I assume this is very much related to the unprecedented covid situation. My experience is cost management of construction projects, I just felt your sweeping generalisation that they ALWAYS overrun is misinformation.
Everlong50.... yes, but if you compare the March presentation to the June one, the handover to production milestone.... which was over 5 years away... slipped by over 6 months. I too have worked on some large scale projects. Granted, not construction. However, slipping a key milestone that sits over 5 years away by 6 months is not a great indication that things are on track. Nor is it a good indication that project management believe any present day slippage can be recouped.... I.e. it tells an experienced eye that the project plan is a very tight / best case scenario one.
as the reply states - would much rather hear we're drilling than being so helpful......of course it's very commendaable - but I dont recall agreeing to SOLG using my money to provide pizza places, bakeries and now building community buidlings.......
ok once we've gotten an income stream great but we aint!
"I am a shareholder of SOLG and have been following the story for many years. This is a query about the drilling that is ongoing at Porvenir and La Hueca. It's been close to 2 and a half months since it was announced that they were mobilising rigs to these concessions. Since then, we have had no material update - we have not even been told if the drilling has actually commenced. I understand that CV-19 has meant that 14 day isolation is sometimes necessary, but we are close to 75 days on and talking about a small drill rig team. I am deeply frustrated that we have had no news on this, as are many of the other long term retail share holders that I am aware of.
Please can you convey this to NM, if he is not already aware? It goes without saying that a successful strike will do wonders for the share price, sentiment, and as a by-product the CGP offer, takeover defence and strengthen the position of the board at the possible upcoming EGM. I should add that my vote will be to retain NM at the helm.
Points taken Miagi.... however Solg latest presentation, on the website, from July slide 25 has handover to operations milestone after Q4 2025.... so over 5 years from now. But yes, 8 was still my own spin on it.
TOS, wrt to your 9:52 post, I and I'm sure many others on here and NM himself do not "desperately" need the share price to be higher. Yes, it is extremely unlikely that a first bid will be 4 times the current price - there is no numpty on earth who would open with a bid like that at auction. We all know, however, that the initial bid at auction is almost always way off the final sale price...plenty of Majors will be attending on auction day without a doubt.
Construction projects can overrun, but an almost doubling of the timeline is very rich. Many big ticket items are already in place - water source, power, transport links. SOLG is evidently new to this, being an explorer historically. That is why they have and are strengthening the board. Come FD for the mine, I don't think it will be delayed beyond the end of next year. Covid will be well under control by then - or by that stage there will be significant herd immunity.
Tos, can you seriously say with a straight face the sp will hover at this level if we get to the point(and let's face it there are many hurdles)where we build a mine and start producing. I'm no expert but I pretty sure there will be many more highs from here if that is the case. Sorry if it comes across rude but a lot ****e gets spouted here as soon as we see 1p drop. Yup dyor indeed
40 p and 60 p Options....When are they due?12 Aug '20
Can anyone advise when the 40p and 60p options are due? From memory it was this month or in July. Doubt whether any of them will be exercised at current share price levels. NM will be spitting chips that these freebees have or will soon disappear. He will just have to wait until Dec 2021 to replace this lost opportunity. With only 60 pence options left to be allocated, does anyone expect Mather to accept a takeover bid to be less than 60p/share? Only 180 million 60 pence options on offer....remember Mather has already allocated himself 35 million. Dare say at least double that figure will end up in Mather's kitty should a takeover eventuate, especially if T/O figure over the 60p mark. No risk and all profit to him and option holders. Share value dilution will occur to all other shareholders but hey, Mather will ensure all shareholders get true value!
"I think a minimum of 8 years before any mine is producing."
Eh? That's nigh on double the current timeline. The Ecuadorian goverment, in all likelihood, will be doing everything they can to facilitate the build (i.e. granting permits), and they will expect a fast build too.
Smickster..... now that’s just rude. However, in the spirit of healthy debate for the forum, and to answer your points in my opinion only though..... I am comfortable with my investment I think Solgold has a great future as an explorer, unsure regarding potential as a miner Resource at Alpala is spectacularly good... others to be proven, but great potential If we don’t or won’t sell anything, we will face significant future dilution in the coming years I think a minimum of 8 years before any mine is producing.
Drilling success solves all immediate "problems" as I said. If there is success, then the CGP offer looks that much more attractive. The theory that they are holding back the drilling for the sake of CGP doesn't hold water - in fact it's positively leaky.
debate? you mean constantly try to feed negative sentiment. If I was so unsure of my investment I would of sold out long ago yet we have a number of unsure investors who love to tell everyone how they feel solg has no future or rubbish resource, or diluted to hell and back, or will be 245 years old before the mine is built. Really? Give it a rest sunshine