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Pathetic little boy
Busy here more posts than trades....who is Slug? NM? Quady is wrong a lot but he is "our Quady"
Busy here more posts than trades....who is Slug? NM? Quady is wrong a lot but he is "our Quady"
Busy here more posts than trades....who is Slug? NM? Quady is wrong a lot but he is "our Quady"
Busy here more posts than trades....who is Slug? NM? Quady is wrong a lot but he is "our Quady"
Busy here more posts than trades....who is Slug? NM? Quady is wrong a lot but he is "our Quady"
All suggestions welcome
Novice yes let's hope it happens here soon , DBW good write up there on Ecuador mining food for thought
Ecuador has identified eight areas that have high potential for mining, according to state company Enami EP.
"Ecuador presents great exploration opportunities. Only about 10% of the country's surface has been explored, which generates significant potential for new discoveries," CEO Reinaldo Reyes told a conference on exploration challenges and mining prospects in Ecuador.
In the eight areas identified, there are 4.7Mha to be explored, Reyes said.
The country only has two major mines in production, the Fruta del Norte gold operation and the Mirador copper mine.
The official added that Ecuador is in the process of approving regulations to speed up the creation of partnerships between the state mining company and private firms for exploration projects.
According to Reyes, at least four companies are looking to team up with Enami.
Mining products are Ecuador's fourth largest export item, behind oil, bananas and shrimp.
The government expects that mining exports will be over US$2.6bn this year.
A study presented in March by the Spurrier Group estimates that nine advanced mining projects, plus the two mines in production and one suspended due to social problems, have reserves of 37.1Moz of gold, 178Moz of silver, 45.4Blb (20.6Mt) of copper and 129Mlb of zinc.
Ecuador expects combined investments of around US$11bn in seven of the projects, which the government forecasts will come into production in the coming years.
The projects are La Plata (polymetallic); Curipamba (copper and gold); Loma Larga (gold and silver); Mirador Norte (copper), part of the Mirador concession; Ruta del Cobre (copper); Cascabel (gold, silver and copper); and Warintza (copper).
The first three that should go into production, according to the mines and energy ministry, are Curipamba and La Plata for medium-sized mining, and Loma Larga for large-scale mining, on which construction should begin next year.
Agreed bubble but don’t always look at it in isolation regarding todays news and rise, I always look at the price over the past couple of years when people start hi lighting these share risers and it was between 16p and 20p with a gradual fall to todays price pre offer of around 9p does that remind you of anything, so hopefully we will have some steady incremental weekly gains before our offers start to arrive
ONWARDS AND UPWARDS!!!
It’s this part of it’s post that just rattle me
“ So if I can't contribute properly, I will just disrupt and ruin it for everyone else.
The answer is in Quady's hands. He's just too stubborn and stupid to accept it. His selfish actions cause all of the hassle on this forum.”
Needs to take a real look at itself, just a rotten person through and through imo
There are many people who report you to admin every single time you poke your befuddled head above the parapet.
Have you considered that admin do it without even being prompted due to your awful behaviour?
For the fight fans - Charles Oliveira this Saturday night live dog - 31/20
Cheers Slug but don't say nips unless you're talking about the ones on your chest.
NM and co take a look at shg (shanta gold ),that's how you let shareholders know when there's a bid !!:)
VT Any thoughts on the VWAP and the possible implications?
Fortissimo,totally agree with you there suspend trading pending news ,leave the shorters with thier pants down as they say and a low them to bid against each other makes sense
It wouldn’t be accepted but if it was recommended, then all interested parties would have to show their hand
42p deal... Can't see that being accepted.
Sean - fear not. VWAP games under way. The longer they pin it to 16p the better the 90 day VWAP. It's heading sub 21p soon. Most offers these days use VWAP as benchmark to accompany their offer price to make it sound like a generous deal. eg, 42p would be a 100% premium to the 90 day VWAP.
About 6 weeks ago, the VWAP (90 days) was around 28p I think). Hence that's 56p for a 100% premium headline. Big difference to 42p.
You can see the controlling hand on the book as the largest chunk on the bid is always stacked around 16p regardless whether the sp is 16.7p/16.9p spread. That higher block volume on the bid has not budged for a while now. That's how you know games are underway. My guess blackrock... but lets not kick that off! They are of course entitled to do what they like. They've been busy on Capricorn too post Tullow deal / counter offer.
Yes SOLG must soldier on with PFS2 as it lays down a marker for value pending any offer / sale talks. But DFS?? Seriously... if post the strategic review, SOLG elect to put the asset up for sale via an auction process or something along those lines, then there's no point in spending another $50m+ getting to DFS. Any buyer whether PE firm, consortium or supermajor will simply rip up SOLG's PFS and stick it in the bin! That PFS is for cash strapped companies wanting to take on a project that's way too big for them. Should BHP win on a auction for ENSa or SOLG as a whole, then their PFS will likely be double the size of SOLG's. You'll be looking at double the Capex but triple the profits. It's always been an asset that attracts 'scale'. It's a volume business when you have around 0.7% PM's pt. You won't get BHP labouring over 0.2% CuEq on low volumes.
Assuming the company needs cash to see them through the sale process (6 months) then the 6.7% CGP holdings in SOLG should suffice. Another $50m+ for DFS is just waste of money. They can spend or raise that should they not find the sale/auction process fair value.
I'd like to see the next RNS that arrives heads up with 'Suspended' pending offer talks. Lock out anyone on sidelines and reward all those with current skin in the game. Then commence trading again when offer announced hopefully around 70p+.
The best xmas Mather could deliver imho but bidders can get ahead of themselves and bid way past 70p+.
Say they achieve a VWAP around mid 16’s, then CGP place their shares with Mitsui ( or someone of that ilk) at a premium of 50% giving a price of 25p ish. These shares are then lent to Solgold whilst merger is completed.
Market and shareholders are impressed and another big player enters the fray in the process.
We are then a completely different prospect funded and more good news expected. Price would very quickly get back to the 30’s. Everyone ( with the possible exception of BHP/ NCM is happy again .
Then it’s game on.
Probably miles off the mark as usual but would explain the share price being stuck.
There we go, that bloody seller with a UT over £100k bringing the price down by tge end of the day.
Slug, I believe you do not give common people here the credit they deserve, please do not patronise us by pretending to save us from the big wicked world out there, what you are doing is a mirror opposite of what slug is doing and basically trolling anyone who doesn't follow your line of thought... enough said
ONWARDS & UPWARDS
Slug is always with us lol.