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Gina R is anything but quiet Fort.
She has pivoted to lithium.
Like I said... perhaps they are happy we are down here in the 9's?
Lets face it, they've done zero to get the sp moving apart from filling their director pockets with cheap shares.
The companies comms strategy is an absolute mess. No wonder we are down at these prices.
I haven't read any articles coming out of Ecuador or South America for that matter that have made any sense. Most is eithe rlost in translation or poor rehashes of RNS's that have been released.
That said... you have to remember that various individuals in Ecuador ... mainly land owners and artisinal miners are all keen to negotiate strong terms on land purchases so if they think SOLG is being SOLD to BHP or another... they'll sit on hands and wait for higher price.
Anyone chatted with Gina R recently? I know she's got a keen interest and seems to be very quiet right now. Mmm.
Add
Who used the word lying…….it wasn’t me!
I’ve seen what posters like fortissimo and redknight have lured misguided posters into investing and personally it’s disgraceful. Dreamboatwarrior witnessed one of the worst rampers in one of his previous investments which didn’t work out too well.
Posters like red ramper and fortissimo are dangerous and should come with a wealth earning
However int it strange that posters like yourself and other emotionally involved investors don’t like emotionally aka rise tinted opinions…….
If I was ever to invest in a company like Solg I would pay for an independent analysis not listen to rampers like red 🤡
Strange how an indecent report like crux was dismissed as totally off the mark….well it seems as perhaps they weren’t too wrong in their analysis……
It takes all kinds on BBs it isn’t be healthy if only positive opinions were posted somehow I suspect the over leveraged investors are the ones who don’t want negative opinions on here.
I do know one thing though show me a ceo who hasn’t over embellished an opinion on their company.
The data room BS is farcical but holders are clinging on to his every word in the hope something positive materialises one ramper is 100% sure they can’t go into the agm,at sub 10p….well that’s a great reason to invest ……hope
Oh well, I think we might be stuck with each other and the toxic ones for a while longer then....
If there were any serious rumours about a sale the price wouldn’t be anywhere near this level … weird article
Doesn't look like anything was rueld out, only that talk of a sale of the project is unfounded rumours and speculation, which is factually correct
My interpretation of the article is that it's a combination of a lack of understanding of the recent rns and maybe a translation issue
.
The only worrying bit is the quoted bit "This has given rise to some unfounded speculation and rumors about a possible sale" . I know not when this was said or even if it was said . Or maybe there should have been a comma after the word "speculation" ! Lol
Article is b.ollocks, unless Maxit are up to something
Https://www.mining.com/solgold-advances-plan-to-sell-flagship-ecuador-copper-project/
SolGold (LON: SOLG) said on Wednesday it is making headway with the potential sale of its flagship Cascabel copper-gold project in Ecuador, as it has held talks with more than 20 “highly credible” interested groups.
The company, which merged last year with Cornerstone Capital Resources to consolidate 100% ownership of Cascabel, said that at least five potential suitors have already completed site visits. It added there were a number of follow-up visits being scheduled.
Cheers for that..
Https://www.eloriente.com/articulo/la-minera-solgold-descarta-venta-del-proyecto-cascabel/42266
The SolGold mining company clarifies rumors. The Canadian firm indicated in a statement that the Cascabel project, located in the province of Imbabura, has the potential to become one of the most important copper mines in Latin America and that for this reason they have held conversations with companies seeking to invest. in the development of the mine in Ecuador.
These statements originate after a note from a Canadian specialized media that indicated that SolGold held meetings with companies looking for buyers of the Cascabel.
In this context, SolGold clarified that it maintains conversations with investors and financiers “as is natural for this type of projects in the industry” and ruled out a possible sale.
The mining company pointed out that Scott Caldwell, executive director and president of SolGold Ecuador, in a periodic report presented by the company, mentioned the visit of potential investors to strengthen the Cascabel project. “This has given rise to some unfounded speculation and rumors about a possible sale.”
At the moment, the company is waiting for the granting of environmental permits; as well as moving towards the signing of an investment contract. “SolGold will continue its strategic planning committed to the continuity of the Cascabel Project, and the investment in the communities surrounding the project, which is a priority for the company.”
According to information from the Ministry of Energy and Mines, the preliminary evaluation of Cascabel establishes four scenarios for mineral production that estimates a useful life of the mine of between 49 and 66 years, using an underground exploitation method.
According to SolGold, the estimated inventory of mineralized material is 2.4 billion tons with a copper equivalent grade of 0.54%. Thus, an annual production of metals in the first 25 years is estimated to be around 207 thousand tons of copper, 438 thousand ounces of gold and 1.4 million ounces of silver.
That makes no sense.
So we've consolidated ownership of the project just to let someone farm or earn in?
We're rationalising the work force just to take on an incredibly complex build?
If that article is correct the we all better brace ourselves for a rough landing.
Agreed Rodney in fact another royalty deal could fund our end of a JV if we can get this up and running as a high grade gold near surface level open cut on the decline.
Https://www.eloriente.com/articulo/la-minera-solgold-descarta-venta-del-proyecto-cascabel/42266
The SolGold mining company rules out the sale of the Cascabel project
The firm clarifies that it has held meetings with investors to obtain financing
01/11/2023 El Oriente - Editorial
The firm clarifies that it has held meetings with investors to obtain financing/ Photo: courtesy Minería SolGold
The firm clarifies that it has held meetings with investors to obtain financing/ Photo: courtesy Minería SolGold
The SolGold mining company clarifies rumors. The Canadian firm indicated in a statement that the Cascabel project, located in the province of Imbabura, has the potential to become one of the most important copper mines in Latin America and that for this reason they have held conversations with companies seeking to invest. in the development of the mine in Ecuador.
These statements originate after a note from a Canadian specialized media that indicated that SolGold held meetings with companies looking for buyers of the Cascabel.
In this context, SolGold clarified that it maintains conversations with investors and financiers “as is natural for this type of projects in the industry” and ruled out a possible sale.
The mining company pointed out that Scott Caldwell, executive director and president of SolGold Ecuador, in a periodic report presented by the company, mentioned the visit of potential investors to strengthen the Cascabel project. “This has given rise to some unfounded speculation and rumors about a possible sale.”
At the moment, the company is waiting for the granting of environmental permits; as well as moving towards the signing of an investment contract. “SolGold will continue its strategic planning committed to the continuity of the Cascabel Project, and the investment in the communities surrounding the project, which is a priority for the company.”
According to information from the Ministry of Energy and Mines, the preliminary evaluation of Cascabel establishes four scenarios for mineral production that estimates a useful life of the mine of between 49 and 66 years, using an underground exploitation method.
According to SolGold, the estimated inventory of mineralized material is 2.4 billion tons with a copper equivalent grade of 0.54%. Thus, an annual production of metals in the first 25 years is estimated to be around 207 thousand tons of copper, 438 thousand ounces of gold and 1.4 million ounces of silver.
Well said Rodders …. Nail on the head
Good grief Rodney! Don't you know you're not allowed to point out the truth?
Of course there are, but lying is a completely different matter, particularly if a disgruntled shareholder decided to take legal action with an accusation of misleading statements. I guess you understand the difference?
As for your non-shareholding status, I find it incredibly strange that anyone would waste their time posting about a company in which they have no economic interest - in fact, it's bloody weird. Still, each to their own. And btw, please don't think you're engaged in some holy crusade to educate us holders - we really don't need it. In fact it's simply tedious in the extreme.
Just to clarify, Solgold has sufficient cash to fund its operations until the end of June 2024. In addition, it owns approximately 180 Solgold shares as a result of the merger with Cornerstone. A number of parties have expressed interest in these shares but the Company does not wish to sell them for now. Also, Franco Nevada have made it clear that they are open to discussions for another royalty agreement as and when. Solgold has no difficulty funding itself.
Addicknt
Surely even you must know, CEOs have a habit of putting positive spin on anything they say about their company!
Oh dear are we going down the “ you’re not a shareholder “ route.
It’s lucky there are holders here who can see how poor this company has performed over the past 6 years since qalibashi tried to get me to invest.
I said the same bs k then as I would say now and if anything the share has got more risky the only thing that has changed is it has dropped 80%
Tesla, so the company are lying? I would suggest you put that accusation to them at the AGM, but you're not a shareholder, are you?
What assumptions was I making about you?
I was asking a genuine question based on your 11:13 post.
It didn't need deflection but I understand if you'd rather not advertise your inner workings on here.
Fort, the ease with which you just throw out statements like this…
“When this story looks odds on to end very soon with a transaction or deal of some sort. They may as well hang in there.”
So you are saying there is more than a 50% chance this will be sold very soon.
You may turn out turn out to be right but can you please explain how you are able to claim this, and what is the actual proof?
All I can see is the board are in very precarious position and the company will be running out of cash by mid next year, and probably the most worrying part is the fact nobody is building a larger position at these low levels.
But no sir from that you deduce it’s odds on there is a buyer or several.
Nobody on this BB has yet to show the compelling event that makes a sale imminent. All that is ever claimed is that it suits stock holders or the guys with options.
Nothing about the buyers other than complete speculation.
What has the market missed here other than a company that seems desperate to sell?
Why thank you Bozi.
You make assumptions about me and I'll make assumptions about you.
There's more than one way to service a Maestro.
Popular Mechanics shows us this