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Hi Colonel - Happy Christmas to you. You want an example of a small cap going it alone: Fortescue Metals (FMG(ASX)), the CEO: "Twiggy". This, I suspect is who NM is modelling himself on - he has on a couple of occasions, mentioned FM, in passing. His biography makes fascinating reading. Z
SOLG is an exploration company foremost. And whilst ambitions of taking Alpala through to production should be admired, the reality is not one smaller cap miner has ever achieved that... unless someone can give me an example. So the odds are firmly stacked on a JV or asset sale in the new year. There are many hints on this from setting up an Alpala Committee to PFS delays. All suggest that a potential shift in strategy especially now we are looking like more than a one track pony. The key to value going forwards rests with what the company does best and that's exploration. Porvenir is curently being fast tracked. They may already have holes 3 and 4 sorted and now looking at 5 & 6. It would be a nice end to the year to hear Rio is now under way. Slim chance on that hitting the news wires before 2021, but a strong update in early Jan on all those metres drilled since pre AGM could have the stock flying out of the blocks and not looking back. I think that's the one thing that SOLG could be applauded on in 2020. Getting the exploration phase well under way with covid issues etc is not easy and the first few holes have been spot on.
Alpala is a bit of a sideshow to the exploration and smart investors know where the value curve is and how it can be enhanced. Get Rio underway and deliver a few monster grade holes and with Porvenir too, what an amazing folio of Tier 1 projects in the making!
Copper and POG look set for a great 24months ahead. The super majors pockets will be bulging but their resources will be falling in most cases. They will all have their eyes firmly placed in replenishment opportunities. All bodes well for SOLG in 2021.
I neither agree nor disagree with the Vice president since I have no economic interest in INV. I would however suggest that the current market cap of INV means no one is sure if what he said carries weight or not. All politics is local over there, and it's hard to take the word of a government whose approval rating is in the single digits seriously.
What do you think are NM's possible strategies (presumably for retaining unchecked power)? This is what I would like to use a forum for.
@ 11:24 Yes, Lundin kept to a simple blueprint. By contrast NM has turned the process into a Spassky/Fischer marathon with no end in sight. Not at all impressed by the scramble leading up to the AGM. Too much padding, e.g Porvenir/Tandayama, and window dressing to deflect from the mainstream. Slightly apprehensive that a lot of urgent issues are going to meander with consequences.
To be clear it’s an example..example. Maybe should add a thought and example of a strategy that nick *could use, maybe. Solg had a very healthy market cap for a company without production, even without a FS. We know Nick needs to issue shares in case blackrock switch sides an aggressive defence would be an offense but it would need to be a friendly one. This is just one of many potential strategies that in my opinion nick has. I am certainly not saying it will happen it’s a opinion
2luke, put your handbag away, I hoped at least over Christmas we were beyond these kinds of replies and petty attacks. Firstly. It’s just a thought, hence the opening line, did I fully researc h a corporate takeover over my Christmas dinner? No Secondly, if you and those that liked the comment are so keen on research did you agree with the Ecuadorean Vice President who said only last month that the outcome of the vote is not going to affect loma , as it can’t be applied retrospectively to remove rights already granted. Something the courts have agreed?
Are you aware of the local opposition issues surrounding the Loma Larga property, and the vote on Feb 7 (same day as Ecuador general election) that will determine whether mining will be banned in the Cuenca province? That's where the Loma Larga property is located. Hopefully your level of research into Solgold is more thorough because what is passed off as good research on forums is nothing more than group think and the search for the emotional comfort that comes from knowing other people feel the same way. That Solgold should bid for a company that could be worth nothing in 6 weeks is ridiculous. It's priced at £30-40m and only good for a gamble unless you have specific knowledge as to the outcome of the vote. Gamble being the operative word.
Now this is just a thought, but.... Inv have a FS for an ecuadorian gold mine producing 200-250k oz of good with an irr of 2.4 years (from memory). They are valued at £30-40m.. Now we could agree an all share deal for them at say £70m...and positions for their staff. Their cap ex isn't massive, but would provide mining experience for us and in a few years a very nice revenue stream. It adds a good good and silver play, something we are missing, provide shares which would likely vote for nick and fast forward solg to a producer......
Looking @ the gold, silver and gold prices today, we should have a strong move of the 32p mark.
But has SOLG followed any logic ever? SOLG is unfortunately in the hands of various players, who might or might not show their intentions soon. How great would it be to have fireworks around the SOLG share price today,tomorrow or New Years eve. GL
Ditto far more strategic use of the filter function is my new year resolution... here's to a big off on Tuesday morning, hopefully a positive outlook with the Brexit trade deal announced during market close. Hopefully A few firework RNS's up his sleeve
RCGL2 - I think technically this is probably quite nicely set up here, HOWEVER, I think there are still people sat in nice profit here who would sell down to sub 30 and still be 20% in profit. So without newsflow, I think it is in danger of a further 10% drop from here. I wouldn't bet on it though.
I don't know about this share - it's a weird one. So much potential but there is a reason why the market isn't valuing it properly. I'm just not sure what that reason is.
Big year for gold though, I think. Still see a big US crash coming personally. Have got a pretty substantial long-term short position now open on DOW so let's see.