The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Just a reminder why SOLG won't be going for a low ball. NM has been around the block for decades and he's proven to deliver shareholder value. Sit tight... it's coming.
Nicholas Mather biography
Nicholas Mather is an Chief Executive Officer, Executive Director of the company. He is Chief Executive Officer and Executive Director, appointed 11 May 2005, graduated in 1979 from the University of Queensland with a B.Sc. (Hons, Geology). Mr. Nicholas Mather has a special area of experience and expertise in the generation of, and entry into undervalued or unrecognised resource exploration opportunities. He has been involved in the junior resource sector at all levels for more than 30 years. In that time, he has been instrumental in the delivery of major resource projects that resulted in nine corporate takeovers and over 5 billion dollars to shareholders. Mr Mather was co-founder of Arrow Energy NL (an ASX-listed company) and was responsible for the generation of its Surat Basin Coal Bed Methane project and served as an Executive Director until 2004. He was also founder and Chairman of Waratah Coal Inc. until it was acquired in December 2008 and co-founder and Non-Executive Director of Bow Energy Limited until its recent takeover by Arrow Energy Pty Ltd. In January 2012 Mr Mather and the DGR Global team founded Orbis Gold in 2006 and continued to hold a significant equity stake and board position through to its takeover in February of 2015. Previously as CEO of BeMax Resources NL (an ASX-listed company), Mr Mather headed the discovery of the company's Pooncarie mineral sands project in 1998. He has also been a Non-Executive Director of Ballarat Goldfields, having assisted with the recapitalisation of the company in 2002. Mr Mather is Managing Director and Chief Executive of DGR Global, Executive Chairman of Armour Energy Limited (an ASX-listed company) and Non-Executive Director of IronRidge Resources Limited (an AIM-listed company), Dark Horse Resources Limited (an ASX-listed company), Aus Tin Mining Limited (an ASX-listed company) and Lakes Oil NL (an ASX-listed company).
Thanks you both for your opinions DBW and Bozi.
You both make pertinent points, I too said the same thing yesterday about ignoring goading behaviour and it would go away, I've also mentioned the filter option a few times.
Quady won't listen unfortunately, he won't compromise even when Slug only talks about SOLG.
He detests him. He perpetuates the problem. If he is allowed to have free reign he will think he can rule this board with deletion of anyone who doesn't agree.
If he had a little more humility I would not post against him again, but he must not be allowed to say what is and isn't OK on this board.
I'm on the side of fairness and that will never change.
Thanks again for your constructive comments without resorting to personal attack.
I don’t think anyone needs banning … we can filter
Straightforward question for Quady…
You have strong opinions about this character and that’s fair enough.
You stated last night you would not respond to this “vile individual “ again …… in retrospect was that true or a lie?
No need for insults or explanations just a simple true or lie
Much appreciated DBW
Jezzoo - a vote isn't relevant here. Everyone just needs to behave themselves.
Slug gets cancelled because he regularly breaks the rules with abusive and divisive commentary about any member he doesn't agree with. Others will act on this by notifying admin.
You think that organising yet another Quady pile on from Slug apologists is democratic? It isn't. In fact, you could argue that it's another brand of wokeness. I'm not sure that we're ready for that conversation yet.
Your options are to fight fire with fire and act against others in the same way that you feel Slug is treated, or you increase the standards of behaviour and ignore any influences or contributions that aren't in keeping with those standards.
The first option will be considered a no-go so the second it is.
In a democratic society such things are decided by a vote.
In the case of Quady vs The Slug: Which one should be banned
Votes
Ban Quady : 1
Ban The Slug : 0
Please start a new post every time to make it harder for the undemocratic to cancel votes.
The poster who is a lot more popular than Quislexia is back again and he's already got him crying again.
You can't stand it when someone runs rings around can you Quizzy ?
Live and let live you control freak of limited education.
Somebody's been out with the Slug pellets overnight.
The article below...
https://www.lse.co.uk/news/top-news-rio-tintos-turquoise-buy-under-fire-as-investor-hits-out-jnfw2xrwjrobgut.html
Agreed Novice on the pushback, however Tinto will eventually pay what they think it's worth. If they don't get it, then they will move onto a distressed company that has good assets but no money and pick that up cheap.
Before anyone says anything, that is not Solgold we are not distressed.
Lots of anger and push back at Rio Tinto regards their derogatory offer for turquoise hill, looking like a positive boost for solgold theses big boys are getting some bloody noses and will eventually have to start considering a fair price and value for our world class resource’s … happy days
Have a good and respectful weekend all
There you go Bally
@bally_969
Thank you.
Hi Bally
What’s your Twitter handle?. Slug banned for life lololol. I also had a fair bit invested in ctag so interested in anything you’ve heard …. We live and learn
There's a name we haven't seen for a while - KRSS.
It's a shame you're hear to cross ramp HZM. A stock with decent prospects but nickel is certainly not the new gold. Nickel will be infinitely more useful than gold.
We know what the capex is for the phase 1 PFS and we'll see how the updated study impacts this. The deposit is well within the boundaries of a block cave operation and this is certainly what the party that constructs the mine will do.
RK1 - if you're referring to the financing, then yes.
So many twists and turns it's hard to know what's good or bad. For instance... if we struck big on RIO's first hole, would that have triggered BHP into action? Would that have seen us taken out without PFS and Porvenir PEA? I was always invested in SOLG based on two key catalysts... 1. ENSA/Alpala sale or entire SOLG sale and 2. Exploration with RIO being my main interest.
So like many on here, I'm pretty miffed to see that last $78m funding round deliver almost next to zero exploration. That's the sore point for me. A company can't go to market saying they need funds to explore and they have 6 tier 1 style targets and then 12 months later do zero yet burn through all the cash on salaries and jetting around the world doing presentations that are like something from Jackanory. Devoid of reality and full of dreams! Where's the $78m gone Darryl??
Once again...2.1/2 hours in and even worse volume than yesterday...35 trades...£56k...
Is everybody simply just waiting for what they regard as the inevitable...?
Mathersfinger you won't get any abuse from me, as you are sticking to the facts.
I dare say some of the fantasists on here that believe we are getting a bid based on a story from Berry Street capital may indulge. But what do they know.
I think I agree with pretty much all of that . Having said that we’d probably be in a stronger bargaining position had our last attempt to raise funds not failed :)
Surveys are under way, they have stated this, it’s not exactly a walk in the park, it’s up mountains and through forests with some equipment and food and all.
Stop being so short sighted and moaning at every ruddy possibility, you cause your own problems worrying all the time, don’t know if you’ve noticed but world is in a bit of turmoil at the moment lol
Will wait for the abuse as usual, atb
28 July 2022
SolGold plc
("SolGold" or the "Company")
Business Activity Update
The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to provide an update on the progress of activities within its exploration portfolio and the Cascabel project.
SolGold's regional exploration programme is focused on a number of highly prospective projects where extensive and systematic geological and geochemical field programmes are underway to rank the priority drill targets, notably at the Company's Porvenir and Helipuerto projects located in southern Ecuador.
Porvenir is the Company's second priority after Cascabel and SolGold has engaged M3 to progress the Porvenir project Pre-Economic Assessment ("PEA") that is on track for completion by year-end. Additionally, field programmes are continuing at numerous satellite targets to the Cacharposa deposit that comprises a Mineral Resource of 397Mt at 0.44% CuEq in the Indicated category and contained metal content of 1.40Mt Cu and 1.80Moz Au (1.75Mt CuEq). Cacharposa is the second Resource to be defined by SolGold as part of its strategy to define a multi project portfolio over the length of Ecuador.
Regional exploration activity has identified the Helipuerto project as the next most important target for the Company. The Helipuerto concessions lie on the southern margin of the Solaris Resources discovery at Warintza where Solaris has published an in-pit Mineral Resource of 579Mt at 0.59% CuEq in the Indicated category. Geophysical, geochemical and geological analysis indicates extension of the Warintza system into SolGold ground and SolGold is expediting the delivery of drilling and environmental permits to drill test extensions to the mineralised system. An initial focus at Helipuerto is on the delineation of the size and tenor of the Tinkimints copper prospect including mapping and sampling of the area directly south of Solaris's Warintza copper-gold porphyry deposit.
SolGold is investigating a number of strategic initiatives to provide the Company with funding options for the development of Cascabel and progression of regional projects.
DBW, we did have a period a while ago (18months) whereby we had numerous exploration drills underway. With each hole result, the market just shrugged it off as if it was irrelevant. Porvenir Hole 1 was the only time I think I've seen the SP leap into life. The share price rose from 28p to test 43p+ on that Porvenir discovery. Yes wouldn't we all like events like that one again?? But the truth is, even after the event, the market just deflates interest. It's like Porvenir never happened. It's like valuestone didn't invest $5m+ at 32p in Porvenir alone. FWIIW... it's highly likely that Porvenir will be SOLG's (or some partners) first producing asset. It's perfect for a solaris/lundin partner deal as all the infrastructure is there. Personally, I'd see NCM more interested in buying into or the full 100% of Porvenir than getting involved in full on Alpala.
I think it's fairly obvious now why SOLG haven't done any partner deals or farm outs on grass roots. The conclusion is that BHP want it all and SOLG know that. So are literally baby sitting these blocks until BHP makes their move. Why they would do this is anyones guess... but perhaps any monetisation of the assets or relinquishment of ownership etc is a condition of BHP standing aside and letting SOLG soldier on and prove up Porvenir and Alpala to full potential. Sometimes you have to scratch the devils back if you want to live a bit longer?
We are funded to the end of the year. We will successfully fund raise before that. So it's not we got no money.
Think back to what Darryl said recently. We bring Alpala to DFS and funding options open up for us. This to my mind means loans, offtake and minimal dilution.
He couldn't be any clearer. We are concentrating on bringing Alpala to production.
Yes of course once we have obtained the funding, we will then fully restart our exploration program.
But that will be funded differently.
Ahhhh that clears that up ….. there’s me thinking it’s because we’ve got no money ( yet) to progress our drilling programme.
That's the point DBW the company has explained why we have drastically cut back on our drilling program. It's so we can bring Alpala to production.
Really how many times does Solgold have to make this announcement before it sinks in.
Could they have stopped drilling because they are running out of money and the wages still need paying.
Eaking out what they have left until somebody makes a bid.