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Totally agree with you Fort.
Cascabel could have been separated out, and the other concessions farmed out. 1 reason that hasn't been done is because either no one wanted to take on the concessions if they can't get permits, or solg want to sell the entire company. Scott has to earn his crust and not retain his job becaue we are scared of what might happen if he isnt there. No guarantees. We could wait another year and he still hasn't sold the company.
Who is going to deliver that if SC is voted out, just asking the impatient ones?
Same question could be posed when Mather got the boot. Same question could be posed when Darryl got the boot.
CEO's come and go, they try their best and some deliver and some fail. The important thing is not to hold onto failing management. Always best to boot them and get new proven CV led management. Lets face it... Scott is not proven CEO material is he? He's done what exactly? Darryl was more experienced. But only reason he got the boot was because the CGP boys wanted free reign. That's crux of it.
Scott's not delivered a coherent plan and it's severly hammered the share price. Shareholders have been treated like mushrooms. The new website is terrible. Strewn with errors and weak.
Scott is the type of person that should be running a £10m small cap miner. Not a £600m miner with a tier1 asset. And that's not a dig directly at Scott as plenty of sharp CEO's running smaller caps. But he's a mine finder type of bloke. Not a Tier1 mining planner. That was Darryl.
But lets get real here... it's ultimately about Bob, Mather, Maxit running the show. There's not much room for an outsider with great ideas to turn this company around.
And to be honest... is the opportunity even there if the game plan is to sell out.
It's a shame that they did not spin out the exploration business as I reckon we'd have exploration underway now, fully funded and some exciting drills coming in. Meanwhile the remaining ENSA asset would be progressing but likely worth more than our current market cap and the exploration spin off probably worth $150m or more assuming some decent drill results. The irony is, the spun out exploration company could or might even be worth more than ENSA if successful with the dill bit as the market likes to mark up the froth on excitement rather than banked resources... well it did a while ago!
Thanks,TI. I suspect this explains why we haven't been able to do anything with any of our other concessions. Do you know how the land lies with regard to Porv?
Personally, I've never had any expectations for anything other than Cascabel, although I'd be delighted if they pulled something off.
Https://www.mining.com/adventus-salazar-delay-construction-of-ecuador-project/
This article gives you a practical idea of the groundwork required from mining companies to advance their projects, the bureaucracy and the variety of parties to negotiate with at each step of the way.
Even if (thankfully) SOLG was granted the 25 year renewal, unlike other companies that got blocked by the referendum, you can still see that SC's seemingly invisible daily grind is actually what is required to make Cascabel a digestible investment proposition. Who is going to deliver that if SC is voted out, just asking the impatient ones?
Ha! You wouldn't recognise a fact if it smacked you in the face. 1,075 posts containing nothing other than constant lies and deliberate misinterpretations. Totally worthless.
Adikt get a grip mate. youve been caught out again, being distant from the facts.
nobody cares. move on.
we have a saying here,
if your caught on a hook dont wriggle.
any way, Qantas awaits,
I will bring back a gift for you. a pair of goggles, so as to stop sand getting in your eyes when you bury your head.
funnily enough ive seen ostriches roaming wild where im going.
At 8am it may have been. Your post was at 11:52 when it wasn't. It was 10.60. Oh well, never mind. We all know you don't actually own any shares, so your imaginary returns are simply fantasy - just like everything else you post.
Anyway, off you trot and mind the sharks.
"Bad people can ruin a good asset"......rings a bell......
Sean hunter. Funniest thing I've ever read mate. How did you know about that. Your not bbg in disguise are you.
Not to sure anybody is to bothered with my genes mate.
But made ma smile on a long journey.
Adikt still a stranger to facts mate. Sp at o8oo on the 3rd 11.55 not 10.
But don't let facts stop you trying to be smart. My mistake 4x bagger not 5. Maths worse than my English.
Honest mistake.
While I'm away look up honest
Thanks. I'm tech illiterate.
Https://youtu.be/CtIPsJ86i-M?si=xsRRejxVdcpy3DTZ Add Here is the link.
A fellow shareholder sent me an interesting link to an interview given by an ex Glencore CEO in which he gives his view about how majors treat juniors.
It's on Youtube under the heading Jervois Mining (JRV) and listen from about minute 12. It was sent via Whatsapp and I have no idea how to post a link. I think it was an interview with Crux.
If anyone harbours any sympathy for the idea of a jv, this may open your eyes.
BNc I it seems to me that 10p was the price quoted by derampers for months - now that we finally reached it they seem to have run out of steam. It turned out to be quite achievable on low volumes with no institutions buying or selling. The larger question for the larger picture is - is Solg really only worth £300,000,000? Massive dilution has distorted the share price but the MCAP looks ridiculously low right now.
Have a nice holiday iDarwin mate.
Hope you win the Darwin Award 2023 whilst there, fingers crossed for you 🤞🤣
Thanks add but I think most of us here if not all are aware of the 2wat needy and the pointless game that play ! I for one find it very entertaining and have to give them credit for there dedication to the cause of generating more posts so we’ll done
If they did get in at 3.5 then sleep easy needy you’ll make a handsome return
On the 3rd Oct, when the price was 10p, who said; "Still a 5x bagger for me"?
The same person followed this up on the 4th Oct, at a point when the price was still 10p, with; " Anyway. On a positive note. I got in at 3.5p so a profits a profit" (sic)
Try dividing 10p by 3.5p and see if you can come up with the answer 5x.
Have a lovely holiday and let's hope you don't wander off into the Outback, never to be seen again.
Well let's think about early summer in the uk In 2022.
Just over a year ago. Share price just under 40p.
I believe 38.50p now 9p.
Do you think the drop from 40p to 9p was technical.
Like I said.
MM mmmmmmmmm.
Clown
Been in many years and never seen 49p
I’m referring to the drop from 16 to 10
Have a wonderful holiday, the time off this forum will do you good
1984. Thanks for sharing your insight.
Your post.
"Nothing has changed. I saw the drop as a largely technical/psychological event totally unmerited when taken in context"
Largely technical drop, from 49p to 9p
/mmmmmmmmm.
Clown
Thank goodness for that!
PS: we don’t want a post card
Of to darwin for a week, then over to noosa
Taking the extended family.
Thank you for the divi fmg
Early spring here 30°
Life's good
Not sure if your in UK or Italy at the moment Bbg, but if its your turn to be in aus, I might make it up to byron Bay,
Maybe catch up.
Anyway, you all hang on in there, if adikt and Caldwell are to be believed, with all that's going on in the background I may come back to find solg sold.
Bnc, I for one would be remotely interested if your chicken bones, just for once told us something before it happened.
Hindsight makes us all experts.
Some of us took that fact as a reason to top up whilst others carried on melting down, hallucinating about deep fried mare bars and hearing the voice of ghosts or slugs in their heads.
Nothing has changed. I saw the drop as a largely technical/psychological event totally unmerited when taken in context with the volume. It’s at times like these the calm take stock from the lemmings
Well 10p is a level of support
covid low for those remotely interested
r's
bn.c
You have to factor in the extra 15% ENSA though surely as that's one of the reasons for the dilution albeit 800m shares since 2.2bln days.