Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Nah sorry Add, it's poor. Friday is well renowned with investors as a day to bury bad news so naturally, any news released is generally assumed to be negative.
They should have gone for a Monday morning release with accompanying media.
As for the study itself... I'll refrain from commenting. I'm not as encouraged as you but in a similar hole so will let my concerns slide for now.
Thank you addicknt just about to get up and grab a mug of tea.
IRR sounds excellent, mine life not so important at this time, but obviously required for the calculation.
Development costs at the top end for the open cut, but sounds like we can obtain the financing and finally start construction.
Will comment further when I have read it.
Bozi, come on! Let's be thankful SC delivered more or less on time and that the study is encouraging. It's certainly one in the eye for those who were howling at the moon yesterday.
Ofcourse it looks good adikt,
It's those rose coloured glasses
33% pre-tax IRR. 28 year mine life. $1.55bn capex.
Well, let’s see what that does, and how the market reacts. I’m hopeful of a significant boost from this ridiculous low level.
Why have they dropped it today. Morons.
Monday was ideal. Let shareholders have the weekend to calm down after yesterday's calamity.
Just when everyone was starting to think it was like a mythical unicorn
PFS completed. First glance looks good.
I for one really do not want to see any kind of fund raise again. Not without some realistic plan to monetise Cascabel with the cash. Raising $50 or $100 million in order to kick the can down the road even further, whilst continuing to enrich these muppets would be catastrophic for both my sanity, and the SP. Sadly, after all these years, it’s beginning to look like bid(s) or bust.
Another fantasy post from DBW.
Solg tried to raise funds 12 months ago and I’m sure you know there was no appetite in the market at thecpricecSOLG wanted.
But 12 months later you think it’s no problem raising cash if selling assets.
Have you had your head in the sand the last 12 months…..oh yes you actually have along with BBG, fortissimo and Redknight….
It’s amazing how the rampers continually refuse to see what the markets are talking them and come out with even more outlandish predictions……..
Hope for hemo.
Your post.
". I never pay attention to anyone else (certainly not a BB) but myself whilst realising that just because I think I'm right. It doesn't necessarily mean I am"
I suggest you look back over your posts.
I suspect you may realise how ridiculous you sound.
To date you have not got one prediction correct,
You have come across as completely out of depth.
Yet still get almost hysterical, when somebody far more experienced than you, points out your naivety.
Been thinking….. Maxit could have raised money at any point in the last few months had they wanted to…… it’s what they do.
It’s very possible they haven’t done because they know they won’t need it. Potentially the same with the revised PFS .
Whether the money is coming from a takeover or not I’m not sure. Even $50-100m for say Porvenir would see us funded for a few years.
It’s very easy to think the world is ending when we’re staring at a screenful of red numbers.
There is momentum building in some quarters over here, for support for a class action to be bought against mather and the solg board.
Btw if Caldwell announces the PFS as a stand alone piece of news with no forward plans or financing attached, the share price will plummet further. The trouble is I'm not sure that he is smart enough to figure that out, so expect him to announce it stand alone. It will likely include some wonderful projections and cost savings, but no clear path forward. SOLG has less than zero credibility left with the market, so only hard evidence and "cash in the bank" will be believed, anything else is just words into the ether Scott.
Time to split the company up Scott (actually that time was long ago, but better late than never I guess...). You have wasted enough time waiting around for potential bidders, who have had more than enough time to make their bids. Obviously the bids are not coming, so lets start moving onto plan B. Desperate times...
It's all staring to make sense now as to why Caldwell was able to gain 98% of the votes cast at the AGM. The big shareholders are more than happy with what he has done to the share price, why else would they possible vote for him?
Yes but slug , nobody has offered even $1 for Solgold as far as I know , and it doesn't look likely either. And no I must decline your offer as the heat pump is bust. But under guarantee as only 8 months old.
Fort, re: your reference to Noboa and political wins...
... After the last 18 months I reluctantly feel the days of Cascabel being the poster child for Ecuador mining development have gone.
Look at the progress others (Solaris, Lundin) are making. Solgold don't get many mentions now. The largest concession holder in Ecuador and nothing happening - mothballed.
Not even bothering to attend conferences to sell the Cascabel (and wider exploration) story.
Maybe I'm just ground down - but the 'it will all happen in the next 3-6 months' suggestions are getting tiresome...
... particularly with the current clowns in charge. Who don't seem to know how to set guidance and meet suggested deadlines.
Orthen people comment according to their position, in or out, long or short. I never pay attention to anyone else (certainly not a BB) but myself whilst realising that just because I think I'm right. It doesn't necessarily mean I am. Only time will tell.
I personally won’t sign it. In my day trading activities I am making more from short positions than long ones currently.
I understand the sentiment and broadly support it in concept, after all it helped protect the banks post crash when they banned shorting for while
But on balance I want all tools available to me to press home my advantage over the common garden idiots
I’ve made a petition – will you sign it? I need 5 people to sign the link to make it live
Click this link to sign the petition:
https://petition.parliament.uk/petitions/657294/sponsors/new?token=EMIgM07k9Zj3akpbgXJc
My petition:
Make short selling shares illegal in the UK, like Germany and others.
Short selling of stocks in the UK causes instability in companies share prices. In many cases £millions can be wiped off the value of a company by coordinated groups of short sellers spreading misinformation and rumours, causing investors to panic and sell their stock.
How on earth can some other company loan out something you own without your consent and the company or person who has borrowed it use it to influence the market in the opposite direction with the massive percentages of shares they are able to borrow and not own outright? Its fraudulent and corrupt, legal theft authorised by the government and needs to be banned and stopped.
Click this link to sign the petition:
https://petition.parliament.uk/petitions/657294/sponsors/new?token=EMIgM07k9Zj3akpbgXJc
Fort, for clarity, didn't you say that if we went into AGM '23 (which in 2022 you said definitely wouldn't happen) at a 'low' sp, there would be major problems for the board? Yet they sailed through the AGM (which definitely did happen) and the SP has continued to slide since. So 'there will be fireworks' is utter rubbish, isn't it?
No one on here knows anything HFH… you’re in good company.
Well, one thing is sure, they have under 6 weeks left to end of Q1. There's then 3 months after that through to June 30th. Noboa needs some big news to bolster elections bid next year so he's motivated in big way so I expect red tape issues to get announced when 'strategically' advantageous...
You might get a scenario whereby you see
1. PFS3 delivered... sp nudges back toward 10p levels or 12p
2. News on IPA agreement circa April and sp nudges back to 14p levels along with interest rate cutting background to markets etc etc eg bullish for commods and QE from china as super powers fight out the great growth economy battles.
3. Then you get 157m shares issued to chinese for 15p/16p level. (bit cheaper than last time around)
4. Then you get director bonus shares awards announced etc etc 16p/17p (anything cheaper and there will be a fireworks)
5. Then you get news on SR outcome
6. Then you get bid approach announced
7. Then you get some proper counter bid action
8. Then you can leave this sorry BB and never return again leaving the greenline nutters talking to themselves
Might take from Q1 to Q3 to unfold... but it's coming and the market backdrop should be 'risk on' again once those rates start dropping and cash has to start working again across equities.
Not long to wait.