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An entire header ? Really?
Idiot
Thats a very fair post Eish and the most relevant fact is that gold has almost no inherent value, although it is often used as a counter or support to currencies.
I think its beyond doubt that there is an inverse correlation between the POG and the dollar.
But nevertheless, as stats show, tyhe demand for gold, in the last few years especially by Sovereign countries, has outweighed the supply, mainly because the majors have lazily or complacently largely not bothered to replenish their reserves as they rapidly deplete.
It is reliably estimated that there is only 16 years gold left. That number will drop rapidly if the dollar collapses as China holds sway against the FED Balance sheet (which has gone from 9 trillion to 30 trillion since 2008...)
And then theres copper...
"A copper deficit is set to inundate global markets — and one analyst predicts the shortfall could potentially extend throughout the rest of the decade."
So what will happen?
What always happens eventually is that the majors buy up Junior Miners which have done all the hard slog to identify, drill and prove up new resources, but in many cases do not has the wherewithal to build and mine them. (Sound familiar...?)
We are coming to the end of one of the longest Bear Markets in Junior Mining in history (since 2010)...but Junior Miners indexes are rising sharply and M&A activity is starting to pick up...
So the bad news is that SOLG has been on the end of:
A 13 year Bear Market;
A Bear market in metals and minerals
The highest inflation for 33 years
Darryl's disatrous failed cash raise and
Berry Street's forced liquidation.
The good news is that Scott has slashed cash burn and we have plenty to survive
PFS3 is on the horizon
There are 20 companies in the data room
FIVE have done comprehensive site visits and at least one was "excited by what they saw..."
And gold, copper, silver, Junior Miners and especially gold miners have broken out into the start of a new bull market...just at the right time for any bidders to be sharpening their pencils.
We may have lost out by the incompetent mess in completeing the merger (NOT Scott's fault) and gthe other negative factors, but meanwhile the value of our resource has increased by tens of billions...
I didn't think it would come round quite this quick and I suspect I've gone too early, but it all helps to bring the average down, I suppose.
Come on SOLG, throw us a bone, else this is looking at 6's by the time the AGM comes round.
Jesus! Give it a rest you silly old twit
Sorry that should have been:
"The Porvenir (Cacharposa) resource was announced on 15 December 2021..." otherwise it doesn't make sense, so...
he Porvenir (Cacharposa) resource was announced on 15 December (as you saw earleir, 2.18m ounces of gold and 1.68m tonnes of copper. The vgross alue then was over $20 billion.
The SP rose 16% but 6 weeks later it was even lower...at todays price we would have topped out at 9.5p, which is what we hit briefly last week...
And the bottom line is this...
Whether we like each other or not, we are all in this together. We are a sort of club.
Anyone on here posting and not holding shares is either a deramper or a spoiler or a fool or a shorter or looking to get back in cheaper.
It is a sad element of modern society that so many people blame other people when things go wrong, rather than acknowledge the mistakes and errors of judgement that they themselves have made.
I don't know what proportion of posters on here are men, but of those who are, how many have wives/partners who have no idea what your exposure is and/or how much on paper you have lost?
There were people who invested their entire pensions in SXX, frankly through greed and/or stupidity. They probably got a tip from a friend or got caught up in the hysteria.
How many of them did even any research which would have told them not to buy in the first place, or at worst to dump them and accept a loss when the writing was on the wall.
So to all those that have been on this ride as long as I have...and even longer in some cases, such as Quady, it has been an extraordinary saga, but it is coming to a climax.
I wish you all well...its been a hard and painful road...this has been an exceptional opportunity that was trashed by the inept management of Darryl, not Scott.
And if you continue to hold I look forward to celebrating our extraordinary success.
And for those who are angry or want to continue to trash the company or Scott, why on earth are you still here? And iof you keep posting negatively, what effect do you think that has on newbies to this BB or those who eventually panic and sell out because of the mindless rubbish you post?
And if you hold shares and still post angry, negative, uninformed, narrowminded opinions, you need a sanity check because the logical consequence if we all did that would be the shares falling even lower...
And that would be your fault, not Scott's...
Because when the SP was on the verge of falling even further, he bought another 790, 000 shares at 11.54p.
And some of you even criticised that for having so many shares...
Please reflect before replying.
Thanks for reading.
I'm sorry...I have no idea who is posting because I have 62 people on filter...
And if you're accusing me of ramping or talking my own book...
These detailed posts require a huge amount of research, analysis and calculation.
I am always open to correction on calculations, but I am simply quoting verifiable FACTS.
I'm afraid there IS an astonishing mismatch between the SOLG FACTS and the market valuation/SP.
I have tried to understand that myself. Its not Scott's fault. If you think it is, you have to say why and what you think he should have done.
He's slashed the cash burn so that we can get well past the announcement of PFS3 and that is where the sole focus is now.
Some people say he should have been doing more drilling...where and why?
You've seen below the astonishing in ground bvalues of the resources. What material difference would more drilling make to the value of Cascabel. We were reminded of the resource of Porvenir, also valued earlier, and that had no effect on the SP. As the numbers haven't changed, I still think that presages a bid for Green Rock Resources.
The Porvenir (Cacharposa) resource was announced on 15 December (as you saw earleir, 2.18m ounces of gold and 1.68m tonnes of copper. The vgross alue then was over $20 billion.
The SP rose 16% but 6 weeks later it was even lower...at todays price we would have topped out at 9.5p, which is what we hit briefly last week...
And then there are some who say they are going to vote against him because 'he has done nothing'. But then it tokk me three full posts to copy from the November MD&A exactly what he has done in the last year.
I'm afraid I have to say again.
Until some people take responsibility for buying much higher and then sitting doing nothing, it seems ironic for accusing Scott of...."doing nothing".
I have been investing and/or managing in Stock and Capital Markets for over 50 years, as an individual, a Principal and a Stockbroker. Most people buy on FOMO and eventually sell out for a loss.
Unless you put money in a Building Society Fixed Interest Account you run the risk of losing money.
You shouldn't invest in any share without being prepared to put the work in to undeestand the company, its business and its markets. You have to constantly update that research. I may have more time than some on here but I put an average of 3/4 hours every day into reading and researching. I might bnuy one day and sell the next day...not because I'm trading, but becaude circumstances have changed.
If you're not prepared to do that, either put your money somewhere safe or use an IFA or buy a Fund.
I'm not in any way criticising anyone, but the mindless unverified criticism and complaint on here imply that you simply don't understand what you have invested in.
And posters on here who call me a clever d*ck or similar virtually never respond with constructive criticism of the facts that I post nor challenge the calculations that I mak
The price of gold has just hit a new all-time high. However, gold miners are trading well below their 2011 record high - see chart below.
What has caused this massive underperformance?
Let's look at some of the key reasons. ⚒️🪙
#gold #mining $GDX
Cost Inflation
We have seen a massive increase in the cost of mining over the last 15 years. Whether it is energy raw materials (e.g. diesel is important for open pit mines), lubricants, mining machinery, wages for miners and skilled workers, economic feasibility studies, permitting, exploration costs, etc. - most cost factors have increased tremendously.
The cost of producing gold has risen far more than the price of gold over the past few years, which has put corresponding pressure on profit margins. This is the main reason for the underperformance of many gold producers relative to the gold price, and particularly affects the senior gold producers
Clearly, there is some “catch-up” to take place. Similarly for Silver and Copper. So take your pick which will pay for the mine! Obviously ALL three rising significantly couple to events of the manipulators (of gold), the FED and cahoots! All IMHO, of course!!!
Lol it’s not dropping….whatva clown you are.
You are underwater in 3 T20s since October the 23rd, some of them 15% underwater and you pretend to your self it’s not dropping.
Credit card finance is pretty expensive these days now rates have gone up no wonder you are hurting so much and posting 💩
Delusional doesn’t even begin to describe you…….
Yep, I'm waiting for thr MRE and plan to use some of the funds to top up here if still around these levels. But yes agree ggp is something completely different.
You'll be corrected on your calcs when GGP publish their revised MRE which should indicate a 50% uplift in resource. They're also fully funded to production, which should be sometime next year. As stated previously, comparisons between the two companies are ludicrous.
When something is only a matter time, you just sit and wait for that time to pass. You don’t give it any attention or effort because you realise there is no need.
If however you are not really convinced it’s only about time, if really you’re in a panic about your capital, you spend each day, sometime many times a day trying to convince yourself and others that it’s going to happen.
You look for any possible link to try and validate what you hope or quite often need to happen.
I have no beef with GGP. Well done to patient holders...
Havieron has Indicated and Probable Total Reserves of 5.2M ounces of Gold and 245, 000 tonnes of copper.
They only own 30% of Havieron...
So thats 30% of 13.3 billion AUD, which works out at about £2 billion...MCap £570 million (and yes I know they have other projects).
Cascabel alone has $170 BILLION (£130 BILLION) and MCap of £250 million.
Indeed Porvenir has 2.18 million ounces of gold and 1.68 million tonnes of copper...
Thats 40% MORE than GGP's equivalent ownership of gold and TWENTY THREE times as much copper
For a total value of $19.4 BILLION, or £15 BILLION
SO Porvenir'e reserves alone are worth 7.5 TIMES the value of Greatland's stake in Havieron.
I am as always happy to be corrected on my calculations but can you see why the Solgold valuation is so massively, perversely low...?
(BTW Greatland has a similar amount of cash)
Redknight. You really ought to seek some sort
Of medical or psychiatric help.
Watching you over the last month or two, your desperation appears to be undoing you at the seams.
And 1 or 2 of the resident fantasists singling you out, shows how your ramblings are getting out of control.
Have a break. Don't give the likes of walter mitty shark ammunition to ridicule you.
He's using you to deflect from being found out.
We need only £1.32 per share.
After PFS2 I received an email from S/O at Solgold as follows:
"On the EBITDA, I expect in the first 5+ years (after ramp-up) EBITDA to come in at $2bn, lower range.
At a multiple of 5x, that means USD10bn EV then. A good indication of upside over time. ...
$10 billion EV is 'Enterprise Value'
That is...£7.9 BILLION, or £2.63 pence per share...
The numbers are all there...and it will only get better, so...
If you believe that we will never run out ofg cash (guaranteed, through streaming deals (especially with gold soaring), then...
IT IS ONLY A MATTER OF TIME before our prospective Enterprise Value is recognised by a bidding war...
People can fret about block caving or whatever (and even PFS2 said the revised plan is viable), but with $170 BILLION in the ground (compare those numbers with GGP and a MCap of £570m!!!!!), the current value is bonkers and Oyu Tolguei is much more complex than Cascabel...and located in Outer Mongolia...!
I keep thinking I should be buying far more...
He hasn’t got anybody filtered because every now and again he can’t resist saying he unfiltered briefly to check something
You just have to know how to get a reaction
Like by pointing out he’s such an awful trader that he had to sell the merc amg and buy a little family put put
He's in his own little world now SM. And by filtering everyone he can't see reasonable challenge to the garbage he posts.
Red is focusing on a reported c$1m a month administration expenses...
However, we know that working capital is falling by more than that each month.
In particular, the MD&A ("LIQUIDITY AND CAPITAL RESOURCES") also shows minimum exploration obligations over next 12 months of c$12.237m.
More garbage from the self-proclaimed "performance alchemist".
1. Who does 'they' refer to when referencing the autobots? Who is benefitting from the situation? It's been documented multiple times on here that only a small handful of these A trades are algorithms.
2. There are not 20 people in the data room considering bidding for SOLG. Of those who have signed agreements, I think 5-6 arranged site visits (from memory). With a couple arranging second visits.
3. The company has stated that it will look to raise finance before June of next year. Likely April IMO if we haven't managed a sale. The 18 months point is nonsense.
I would say of the 20 that have been in the data room probably max 2 or 3 are still there.
First bid would probably be about the $0.15, which is still a 60% premium. If somebody was a planning a higher bid they would be building a position at these prices.
Chances are though there is no bid coming or else the stock would be much higher.
"I honestly believe a potential serious bidder could be very likely responsible for the current share price..."
Read all your recent back posts?
No one has that much time ffs
Wonder if this was on the same call as 'best hole ever drilled'?
“Based on figures Ingo gave me”
What a tosspot
Noront's PFS
"Toronto-based Noront Resources has released the pre-feasibility study for its Eagle's Nest nickel-copper-PGM project in the Ring of Fire. According to the PFS, the mine will pay for itself after three years of operation.
Initial capital investment will be $734 million: $500 million for mine site infrastructure and development plus $234 million toward shared infrastructure"
So thats c$1 billion Capex for free annual cash flows of $177m
Based on figures Ingo gave me, adjusted free cashflow at Cascabel will be closer to $1 billion...yes $1 BILLION a year...at full production...