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As we know big miners can be seen as the villians (and often are) so likes of BHP and NMM etc tend to attract issues whether environmentally or just local resistance due to their 'brands' and poor reputations. SOLG is clearly a 'brand' in Ecuador that locals and gov both like. That's testament to the hard work which was pioneered by Mather and his team. CGP had nothing to do with that. So today's news is building on that legacy and building a strong brand which you need when doing Tier1 mining projects as a first mover in regions/countries like Ecuador.
What it does do imho is make a full SOLG sale likely but equally a partnership likely. Both will want to retain the brand SOLG reputation.
So someone either buys the entire business and trades in ecuador under that SOLG brand. Or... they partner up with SOLG and use the SOLG brand. The danger of the latter is tat other work SOLG does on other licence blocks becomes a potential risk to the partner on ENSA if something ugly happened like poor environmental controls on Porvenir or another future producing asset. That's why a total sale ... brand SOLG is more likely as it's the less risky route and the most valuable with 60 off regional licences already in the folio. SOLG's folio is basically the Ecuador Mining cadestre lol!
I hear you HH. However, one cannot deny that a high SP would blow away doom and gloom from investors minds. Just look at the excitement here in December when the SP perked up! Lord Braggart was beside himself with glee and was waxing poetically.
I am caught between a rock(Add) and a hard place(Quady). Sale vs Production. This rns gives the impression of turn key activities in support of a sale, while at the same time giving the impression that Solg is gearing up for production. Both cannot be true. If solg cannot find a buyer, then the only other alternative would be to go to production. The lower cost phased plan now makes that possible. So, I would agree with Quady in that regard. However, the BOD won't totally reject an offer if one comes along in favour of continuing to production. Interesting times.
Novice , I can see, and it's got to be good news.
what amuses me, is the child like excitement, if the likes of you and the excitables held shares in more than one company
they would not end up appearing to be an out of control school outing every time we get news.
just how desperate are you.
calm down dear.
it will be many, many years before this share gets anywhere near what you are hoping for. if ever.
so calm down
Addicknt that's ungenerous it's not spin.
Ask yourself a question.
What would give Semaiac the necessary confidence to construct.
It wouldn't be a sale of Cascabel, that could fail.
It has to be that Solgold has a plan to Advance Cascabel to becoming revenue earning.
Nothing else would do.
Well it's certainly showing signs of activity. 3.6m traded in first hour.
Now blatantly evident that this is in play and quite shocking to see the open attacks on the share price.
Someone's really keen on this which bodes well. I'd be more worried if we were at 6p levels and doing 300k traded per day. That would be a major concern.
Looking good here no matter how they try to dent sentiment through sp games. It's looking good asset and Ecuador wise.
According to you post updates in Jan you were buying SOLG at 8.3p levels.
It was a no brainer apparently then.
Did you forget about that?
Good spin! My guess is you're the only person who interpreted it that way.
Now that we know that the strategy changed fundamentally when DC was unceremoniously dumped, surely that tells you all you need to know? It was laid out in plain English in DC's court submission. We know Mather wants out, we know our Canadian masters want out, are you of the view they've changed their minds?
I listened to what he said addicknt.
The fact we are not producers, means that we require that expertise.
Either through a project manager with civil engineering contracts and support or through buying the expertise in maybe joint venture with someone with the knowledge.
Q, I know you're very particular about listening to what the company says - and I agree with you- but how do you square your belief with SC's comment a while back that we are not producers?
Short doing well so far, looking to close low 5's maybe even high 4's
Jezzoo Quady always makes sense.
Ask yourself why the we are going to be sold mob, have said anything of substance over the last decade.
Semaica know, I repeat know that we are going to production.
Quady is making sense for a change.
I think a JV maybe a bit much but it's another brick in the wall to make and sell the package to "whoever"
I think this could be the final tree shake to the bottom.
Already over 3 mill traded not even 9.00, the transfer of stock to those who know has commenced, have a great week all,
Good morning rcgl2.
That's my point, they don't have a reasonable amount of confidence.
Nobody would undertake such a project with just a reasonable amount of confidence.
This is nailed on.
Semaica know what's happening.
They must to announce this.
NAL, you are priceless, just leave the pro's to it, You're trying far too hard by repeating what has already been posted,
I have a feeling you cannot really see what is happening here behind the scenes, these movement's will ultimately be irrelevant as you are and will be, but carry on you are great entertainment,
Having a reasonable level of confidence that a mine will be constructed at Cascabel and that mine will be a major customer of the hydroelectric plant is not the same thing as having confidence that Solgold will build and operate that mine.
Sold this at 9p in Jan, back in today at 5.72. I believe something is happening in the background, whether it's takeover or bringing another big investor onboard we will soon to find out.
Sp 5.7p.
Now do people believe.
I'm not sure, but I do believe, the people who matter, have once again shown there complete indifference to anything solg related.
Semaica are a major civil engineering company associated with mostly the mining industry.
Ask yourselves one question.
Would Semaica undertake such a project without being sure that Solgold can construct this mine?
Of course not, so the question is what do Semaica know?
Well we know one thing, that is it's not going to be sold.
The reason we know this is because nobody would sanction such a project without understanding the costs and revenues.
So I am guessing that the strategic review is close.
I am going to stick my neck out here.
I believe that we may even have a JV partner and funding is about to be agreed.
Otherwise why would such an announcement be made today.
Wow. Great news, great excitement amongst the excitable.
Whooopeeeee,
Watch the sp go,
Oh bugger, now in the 5s,
Oh well, at least we've got hope for hemo forecast meetings to look foreward to.
Then, watch us go, wouldn't want to be out, over the next few days.
Something clearly happening as just dropped to 5.6p 🤷♂️go figure, go top up
Addickn, nope, but someone else will though...😉
Childish....
(  ̄▽ ̄)
Nope!
Probably not!