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Cheers Fort. Cheque from Eloro is in the post.
Eloro, bb's are for speculation and some to talk their own book or vice versa.. it's only natural to see some posters that have sold out and want in cheaper to take a dim view of SOLG.
But the facts are there for all to see.
1. Alpala one of the greatest copper/gold discoveries in last decade. It's massive.
2. Markets will turn attention to copper when they have to ... which is when it suits them lol! You just have to look at nickel and other metals to see how one minute the market prices the at rock bottom levels and the next they are doing cartwheels higher.
3. Ecuador Gov do not sign key red tape issues like mine life and exploitation agreements without a very solid understanding of the value of those agreements and the status of the project and the interested parties involved.
4. The Rio/FQ La Granja JV is 'inferred resources'... eg very speculative and yet the numbers involved are still just shy of $700m for 55% stake. If that was on 'indicted' basis, my guess it would be double. You are looking at a relative level of around $3bln for Alpala.
SOLG are in fine shape. Noront were in fine shape too when the market priced them at 23 cents. You wouldn't know it looking at those beaten up share prices. But you the know the rest. Cartwheels in share price increase follow when bidders emerge.
As for Orpherncopper... loads of the usual baseless negativity from an apparent investor lol! You are about as invested in SOLG as low trawler or loganair by sounds of things. I wonder... are you the same person? Don't bother answering that.
1982, of course! Why didn't I think of that?! Genius!
Addicknt.....we could yet see £1.50 in a 10 for 1 share consolidation, then the printing presses are resumed to make more confetti shares!
Orthern sounds like the type of guy who could turn the milk sour by just looking at it.
This is actually great news, I've been complaining about short-termism for a while now. All the existing producers have been picked off and finally one of the super majors makes a move to address its looming shortage in the years towards the end of the decade.
Why didn't they take Cascabel? Well BHP has a foothold there so maybe it was too difficult. Or maybe they move on it as well as they focus heavily on copper?
Competitors won't want to be left behind, they'd better start addressing their shortages promptly too.
Good morning Ortherncopper, that has always been my point.
To use NM's words, we are not selling cheap.
So how do you get full or fair value.
Well one thing you don't do, is sell
This is a massive discovery with a short payback period even on the original 4.5 billion cost.
It's even better when it's 2.9 billion with marginally less ore in the early years.
So still looking to reduce initial outlay and cut an incline.
Which eventually turns into a full block cave.
My feeling is a JV is desirable, but other borrowing will be sought in order to keep the controlling interest in Solgold as a whole.
This is not like other JV's because the mineral wealth is massive compared to the outlay, so after all this time, we are not going to give it away.
I am also expecting news on some of our other tenements.
"gone are the days of...£1.50 a share" - yup, that's what dilution does for you.
It would be nice to think the dilution has been worth it and has driven value, but it hasn't.
They are having a realistic discussion from what I can see… with realistically cautious valuations, considering the difficulty surrounding Ecuador and our less than impressive performance over the last few years.
Gone are the days of the usual rampers claiming £1.50 a share… and admonishing anyone who dared to disagree…
Even Redknight has stopped his 20 posts a day, dream scenario ramps….
reality is setting in.
Another major announced they chose to JV elsewhere… you could ask why?
Any bid here would be no higher than 25 pence… and there is no rush or indication one is on its way…
turns out, we may have to be mine builders after all….
Hard to argue with Lowtrawler really.
Not many will admit it, but we're sort of near Hail Mary territory here.
Fort, what is your take on the scenarios painted by Loganair and Lowtrawler on the other BB?
They seem to think that we are wasting our time here, that any bid would barely keep us from going to the food bank!!
Certainly interesting when you look at miners in general. Many are down near covid 2020 levels as market seemingly disinterested in copper focused miners. First quantum's share price was $5 cd in 2020. Today, it's just shy of $35 cd. That's a 7 fold rise over last 3 years+.
Big projects with big capital going ahead which bodes well.
TI, you beat me to it. This is an interesting announcement.
Rio Tinto and First Quantum complete La Granja joint venture transaction
29 August 2023
Rio Tinto and First Quantum Minerals ("First Quantum") have completed a transaction to form a joint venture that will work to unlock the development of the La Granja project in Peru, one of the largest undeveloped copper deposits in the world.
La Granja is a complex orebody located at high altitude in Cajamarca, Northern Peru, that has the potential to be a large, long-life operation, with a published Indicated and Inferred Mineral Resource totalling 4.32 billion tonnes at 0.51% copper.
1982, you maybe correct. The rumours here are still buzzing.
I emphasise, rumours, not a secret source I can't name.
The Strategic Review is of course another decoy, there is no such thing. Will we ever see this new website? Possibly, but if we do it is 100% related to a significant event. I still reserve a cynical view that there is no new website, it's just "dirt in the eyes" of those who contact the company for progress updates.
It's all BS to try and keep eyes away from what's actually been going on. I believe we will start to hear things from next week after the summer break.
Yep. Tell adikt, nothings changed
Nope, looks exactly the same as it has for as far back as I can remember. It has apparently undergone a total redesign so I would expect to see a completely different skin. Colours/layout/navigation the lot.
And if we don't see that, what could possibly have taken this long?
It is my opinion that the "website overhaul" is just as big a lie as the French translation. A cover for something else going on.
Thanks
ADVFN has gone the way of this BB. Three or four posters having william waving contests and 'trigger' Dave popping up now and then to cast doom n gloom over the SP. Not worth a look now that KS has gone, unlike here!
I think others have to reinvent themselves precisely because Quady uses his bum chum Craig to delete them. I wrote to Craig myself a couple of months ago and told him that I was making a complaint to the FCA about him as LSE is a website that has certain responsibilities being as it is of a financial flavour and has access to live market data.
No surprise to see the equally autistic Shipwreck run to his defence though. Anybody who has listened to his call with Caldwell will know exactly what I mean. Dull as ditch water and no sense of how to conduct a conversation.
Funny that they are still here and most of you have to reinvent yourselves so often.
Not you Sean.
Click recommend if you think this guy should be removed. Let's show admin how we feel about the tool.
Wind your neck in....lol.
Areola, your stoooopidity is contagious.
Cronulla looked very poor, or were the Knights that good? Still, it was a conning win.
Areola...wind your stoooopid T I T.
Yep, spanked those sharkies...
Unfortunately was an ugly show with the wallabies in paris yesterday... Eddie needs to go back to the drawing board and buy some nrl players. This RWC will be ugly.