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"Schlem, yes. It says we've been sold for £3.45 per share."
For that price, I'd carry Scott's golf clubs Add😆
Hi Red I accept your view and it's one that I've long held hence my investment here.
But is it not always good to look at the worst case scenario?
We know there are big investors with averages from let's say from 15-30p. But if somehow these ii were tied or let's say leaning towards a couple of the big boys bhp/newmont how could that affect us.
Like add points out do we need a vote and do we still have the controlling hand?
Cgp want out and looks as if NM has left this in their hands.
In my opinion it's what those groups thrash out between them what matters and we will have to accept?
Smickster...pleased allay your worst fears...
There is NO WAY the Board, Nick or Bob will agree a deal at 25/30p...
And this will be a takeover battle...trust me...like noront...17c to 105c in 8 months...
Add …. Won’t it need 75% approval?
The question is, how low can they get that deal away?
Bouncing around 5-8p suggests they are looking at an agreed deal of 20-30p. Do we think that's possible to get through?
It doesn't need to be hostile. It'll be an agreed deal.
BBG, as I'm a bit cynical.. I'm expecting some director share bonus awards to arrive first befoee any major event. Would be refreshing change to see it the other way around though.
Apparently the algo bot machine is missing it's fuse this morning. Did someone break into China town blue dragon and nick it and some soya sauce?
Yep, even Needy can't justify posting nonsense every half hour any more... one post a day seems to suffice now ! ahhh don't you just love them 😘
Either can happen any day now
June 6th! Why that's D-Day (80th anniversary this year) and one of the 5 Beaches - GOLD - was taken by the British. All we need now is for Miss Sprinkles to turn up and cast some of her magic dust upon us and we're off to Berlin. Now then - nurse! Where are my pills?
(Sorry. It's Friday, our journey is getting exciting and like Biden, I can't contain myself!)
Tesla1 - Too many Tsingtao's?
Lol as opposed to your rabid posts 6 weeks ago when you 💩 yourself that your 1,236,000 units were heading to oblivion
So you went all in £50k and managed to add 200k shares…….
Hilarious…..pray tell what could Mather do relaxed or not…..he has no other option…….
Meanwhile the sp is still 8p and no funding sorted………yet !!!!!!!!!
You are absolutely correct. It's June 6th deadline.
But considering we'll be down to almost zero cash by then, I think you'll find we'll be executing it before June 6th.
They'll need to get it all sorted within next 8 weeks IMHO.
Happy friday all
By my reckoning the deadline is 6th June which is 6 months after the pre-terms were signed on 6th December. ( May 6th is only 5 months)
Yep could well test 9p today, hopefully the post noon autobots are kinder to us today, nice to see base metals continue to rise Gold just shy of $2200
Mather is very relaxed at the moment. What does that illustrate?
Schlem, DGR took one hell of a hammering on Armour and their cash balance isn't that wonderful either. NM really needs to get a return from Solgold.
Yes... plenty due before May 6th exploitation deadline. Of course... like the Technical Report, they can execute the exploitation agreement any time they like leading up to May 6th. So it could be next week if they wanted to do it then. But there's a few things that need releasing before then so should be steady news flow over the next 6 to 7 weeks.
All parties involved will be acuteoy aware of the May 6th deadline, which incidentally is roughly where our cash pile runs out so looks like Bob knows that funding is coming before then and has been working toward the May 6th date for a long time.
SOLG has a history of a 'marching' share price when leading up to big news releases but recently the controlling hand has been playing its part on the share price. If it wasn't there... we'd likely be 14p levels right now.
Alot of of pent up steam building and when it blows... it will blow fast and hard.
Well this is as good as an RNS this morning and hopefully we should break into the 9's today, which would be extremely nice...
NICE, lots to look forward to
Well Schlem, when this does go off you'll be able to afford Spanish lessons buddy, ( i'm sure you can already though) 😜
Additionally, the ministry has set itself the goal of addressing the requests for concessions that were pending before the mining registry was closed. The official recorded that in 2018 said registry was closed, but some small, medium and large mining requests remained to be attended to. Regarding medium and large mining, there were 75 pending procedures and of those, 13 have been attended to by 2023, so there are 62 left to attend to.
During this period they want to finish serving them. Regarding small mining, in 2022 37 procedures were attended to and in 2023 64 were attended to and this year a balance will be attended to. In non-metallic mining there were 78 procedures pending attention before the closure of the cadastre and 46 were attended to until December 2023; and during 2024, 32 pending procedures will be attended to. In the artisanal mining category there were 174 before the closure of the registry and 79 have been attended to. The rest will be attended to during the term of the Government.
Another project that is underway is Cascabel, managed by the company Sol Gold. Regarding this concession, the company completed the issue of its pre-contractual phase and is now going to a change of phase. In the next month or two months the project will be signed as such.
The vice minister said that in 2023 mining will generate a tax revenue of $658 million. In addition, mining exports were $3,099.13 million, which was the fourth item for the national economy. This year he would come in third place. He stated that a few days ago, during the PDAC fair in Toronto, Canada, investment intentions for $4,000 million were signed. (YO)
And you accuse me of deflection!
The government of President Daniel Noboa has three mining projects in sight that will advance at a good pace in the coming months. This is the second phase of the Mirador project, in which the pre-contractual negotiations were completed and the previous permits were obtained. This project, which is managed by the Chinese company Ecuacorriente, is the continuation of Mirador and must receive, this week, the fiscal sustainability opinion from the Ministry of Economy and Finance, in order to be able to sign the corresponding addendum in 15 days.
This was announced last Wednesday by the vice minister of Mines, Andrés Delgado, who also described the various projects that are underway. He did so during the rendition of accounts agreed by the Ministry of Energy and Mines.
Another project that is underway is Cascabel, managed by the company Sol Gold. This project presented a few days ago a new version of the study of prefeasibility, in terms of the conditions previously negotiated with the Government of Ecuador in July 2023, which confirms the economic viability for the development and financing of the Cascabel project.
The first phase of investment for the development of the project, of $1,500 million, implies an optimization of more than 40% of resources compared to previous estimates; However, the total investment throughout the project is similar to what was anticipated in the previous prefeasibility study. This approach optimizes project development by gradually expanding operations, efficiently managing costs and minimizing financial risk. It is expected that the project will produce 2.9 million tons of copper, 6.9 million ounces of gold and 22 million ounces of silver during the mine's first 28 years of life. In the next month or two months the project will be signed as such. Thus, the pre-contractual phase ended. It is within a period of six months to sign the mining exploitation contract.