The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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“Social engagement can make or break mining investment in Colombia, Ecuador and Peru”
Anyone access this I can’t til Monday
https://www.northernminer.com/exploration/colombia-ecuador-peru-social-engagement-can-make-or-break-mining-investment/1003841929/
Then again if someones been able to sell at that price, conversely someones been willing to buy at that price, right? so all bodes well for next week!
GLA
DK
Looks like a sell to me, after hours.
Copper, base metals jump after China cuts key lending rate https://seekingalpha.com/news/3841360?source=ansh $FCX, $HG1:COM, $AA, $RIO, $BHP, $VALE, $TECK, $X, $CLF, $NUE, $MT, $COPX, $CPER, $JJC, $JJCTF, $JJU, $LME
rumour has it someone was out busking as Micheal Jackson? i wonder if he got his cheese cutter hat filled with pound coins?
Well Well, what a very pleasant week, stock up 13%, its been lovely watching and reading from the side lines all week. 55p incoming soon, and some when you consider the environment and the fact that there has not been any news!!! have a great weekend all, speak again next Friday, rent free Lolzzz. ONWARDS & UPWARDS
It's prestigious to have the Norway Oil Fund involved. Sure beats Sprott Financing.
IMHO the American markets still have around another 30% to fall, if that's the case, who knows how that will effect UK markets. Traditionally it cannot stand alone.
A deep dive into what's going on in the background Coldcut - excellent, thank you for your research.
Z
Excellent post there Coldcut thank you.
anto/s ceo...on copper
https://www.bloomberg.com/news/videos/2022-05-20/antofagasta-ceo-on-copper-esg-chile-constitution-video
I wish you all great profit on Solgold, whenever that is!
Luckily I am too busy at the moment so I only pop in here occasionally and I miss the daily bickering and the pointless back and forth.
It seems to me that SOLG is performing admirably price-wise in this phase of the business cycle and in a bearish global market with risk-off as a dominant theme, so I have hopes that we might finally approaching one of those exit opportunities that NM used to talk about.
GLA!
Part 2
6. Although not stated, it is reasonable to assume that the seemingly increasing Norges Bank stake in SOLG was made on behalf of the SWF. If correct, then that vindicates the worth of SOLG’s design and implementation of its own ESG programmes over many years and, most importantly, vindicates the credibility of those programmes, and SOLG, to the Ecuadorian Government.
7. It also goes without saying that the current SOLG funding requirements are trivial by comparison to the worth of the Norwegian SWF, such that the current relatively small stake in SOLG could act as a springboard for further investment in SOLG, not only to fund development of Alpala, but also advance exploration of its portfolio of prospecting licences regionally. That would allow SOLG to resume operating on its previously very successful “mine finder” principle, while retaining some sort of stake in Alpala production, and associated cash flow.
8. Much comment has been made about the delayed delivery of the DFS, which does however work to the advantage of Cornerstone (CGP) as it delays the time when it will be called upon to commence payment for its costs which have been carried by SOLG to date. That provides a context for the curious comment made by “bdminefinder” (Warren Irwin) on the ceo.ca CGP BB on 4-5-2022: Americans (SolGold) will do the right thing once all other available options have been exhausted... Winston Churchill. Peace seems to have broken out between SOLG and CGP, for which there could be many reasons, of which one could be that the two companies have agreed that the onward development of Alpala, and/ or Cascabel, be offered to interested parties by the two companies acting in full cooperation with each other. Pure speculation, I know…….
9. Finally, all public statements to date (of which I am aware) state that concentrate will be shipped by pipeline from Alpala to Esmeraldas for export to overseas smelters. I would be surprised, however, if consideration has not been given to retain some or all of that concentrate for smelting in Ecuador, as that would add value to the end product, create more jobs in Ecuador and provide a further boost to the Ecuadorian economy and development of the mining industry. Boliden could bring appropriate smelting expertise to the table as it operates 5 smelters, including the Cu-Ni Boliden Harjavalta smelter in Finland.
All the foregoing are just purely personal thoughts and speculation. As always DYOR etc.
I am .hope it's good news Monday for all x
Several contributors to this SOLG BB have drawn attention to the recent acquisition of a 3.71% stake in SOLG by Norges Bank (SOLG April 2022 corporate presentation - CP); and/or the participation of Boliden staff on an ESG evaluation site visit to Alpala in April (SOLG tweet 11-4-2022). Seemingly isolated events, I cannot help but wonder if they are perhaps connected and related to developments which might be brewing in the background.
Consider:
1. The very strong anti-mining sentiment in Ecuador, of which Jaku Perez, Prefect of Azuay Province and a recent Presidential candidate, is a prominent spokesperson. Adverse impact on water resources and quality is the touchstone for that opposition, which last year succeeded in a constitutional referendum to ban mining in Cuenca canton, Azuay Province. Even though that ban appears to relate to new concessions (please correct me if I am wrong), and not to SOLG’s Sharug concession (listed as a drill ready priority target on Slide 23 of the April CP), INV Metal’s Loga Larma deposit and the Chinese owned Rio Blanco, progressing any of these will require very strict regard for environmental protection (water, protected forests etc.).
2. Delighted to host #Boliden for an ESG evaluation at Cascabel last week. Thrilled to learn that our distinguished visitors found our environmental and social initiatives “inspirational” (SOLG tweet: 11-4-2022). High praise indeed coming from Boliden which owns and operates several mines and smelters in various parts of Europe, including the Tara Mine, in Ireland, the largest producing Zn-Pb mine in Europe. It has owned and operated that mine under very stringent environmental conditions since about 2003, including management of artificial wetlands through which mine water is processed before discharge into the adjoining River Blackwater, a tributary of the River Boyne. Not only are those river basins designated under the EU Habitat’s Directive, both support and sustain important Atlantic salmon and sea trout fisheries.
3. Boliden’s track record at Tara is tangible proof that it is very capable of assuaging any concerns over its ability to observe and conform to very strict water quality conditions over many years – a perhaps very important counterargument to perfectly understandable concerns over water quality as Ecuador seeks to develop its mineral deposits.
4. Norges Bank and Boliden are connected. Norges holds a 2.1% stake in Boliden (BlackRock c.4.9%) and has a representative who serves on Boliden’s Nomination Committee.
5. Norges Bank manages and operates the Norwegian sovereign wealth fund (SWF: the “Pension Fund Global”, known colloquially as the “Oil Fund”) on behalf of the Norwegian Government. That fund, the largest in the world, was valued at US$1.4 trillion in early 2021 and is invested in more than 9,000 companies globally. All prospective investments are subject to very strict environmental assessment criteria.
Part 2 to follow
Maybe someone knows something, wink, wink
Bid incoming!
Monte we all will be very soon my friend
No, I think they all bought at 3p and sold on the day it touched 40p, then rebought at 26p the other day.
Thats what they said anyway. Come on Sean keep up!
So sorry buddy too
Must be awful.looking in from the outside on a strong day like this.
GDXJ up over 6% so not everything else had a shocker.
Interesting how solg went up well today, when almost everything else in the market had a shocker.
We don't often see that.
I'm surprised Bubble & Co aren't doing cart wheels
I don’t do it myself but also find a lot of his input extremely valuable….. same goes for yourself
ATB DBW
I'm easy with it, I was just having a laugh.
Although maybe I'm a tad old fashioned and don't quite get the disclosure to stangers about how much money I've just spent, or what I own, but I suppose it's the modern way. (Barking)
Monte RK is away …… can’t argue that the guy is open about when he buys and sells ….. whether you agree with it or not