George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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What’s strange about it, they were £4500 each incl vat, when you work the figures out allow for the grant it was £3800 incl installation and no Vat on the heat pumps. The gas boiler was £2500.
Perhaps a lot of people cannot afford the outlay initially but anyone that can and there are lots that can can easily justify the cost with the ROI. Just because you are too blinkered in your old habits does not mean everyone else is.
Electric is ridiculously cheap compared to fossil fuel energy and that is only going one way when they reduce the reliance on the electric price off of the gas price which the UK still does.
You carry on blowing your hard earned cash, on your fossil like ways, while everyone else moves into the 21st century.
I’ll appreciate the clean air in central London this weekend, having traveled 200m there and back thanks to the free public charger close by……..
BBG…. Why 8-12 weeks? I’d suggest if there is a deal lingering in the background… you’d be closer to 8-12 months
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Quady….show me one of your posts from prior to 22 mar 2013 then! Simple
While you’re at it, are you finally admitting you were wrong about the BHP bod percentage or am I going to have to take your pants down in front of everyone once more?
Orthern - I agree.
My belief is that they will not release a PFS update and or result of any SR as both are solely a tactic to delay things whilst permits are finalised over the next 8-12 weeks.
If a deal has been done which it seems the govt already knows about... it would be full of condition precedents which would largely be related to achieving the various main permit approvals therefore lets tell small stakeholders that we are running internal programs (Scott mentioned that we are preparing 'an internal PFS which will be presented to the Board in December/January. This is bullturd)
We have received some strong hints lately that ellude to a conditional arrangement being already agreed.... These are:
*All drilling has been stopped across tenements (they would only do this at the request of a potential buyer willing to pay a price they accept, and the buyer not wanting more value being realised by solg pre announcement of any pending deal).
*Govt illustrating that we are proceeding in various new articles ( why are they confident regarding the ability to fund the capex)
*Govt extending extraction permits (why halt the progress of all permits across Ecuador, however they announce that solgold's permit will be the only permit extended)
*Solgold finalising enviro permits and tailings dam survey (sounds like the eventual buyer of the project believes our low profile and credibility is better placed to secure these items. Proposing a process such as a PFS update can help buy more time - a major wouldnt care about starting small. The original PFS would be the target).
*Scott saying 'we won't develop this but its going to get developed' (we await the news).
...the Ecuadorian Govt and Solgold have major confidence in this project proceeding..... What do they know which us plebs don't know?
That’s strange, you were crowing you had two not long back at a cost of £4500 each
Normal families haven’t got that cash and if they did manage to save a few grand it’s more likely to be spent on a holiday or upgrading the car than some woke utopian wet dream.
They’ve got a boiler and a heating system already and if the country wasn’t held by the throat by transgender green extremists, we’d all have cheap power to keep warm
Addickt
They weren’t that expensive.
I had a new gas boiler fitted at a property last year and 2 heat pumps fitted at home, the difference in installation for both was £1300 fir the heat pumps on a property 3 times the size of the gas boiler property.
Admittedly I had panels, batteries and new radiators fitted as well to make it work more efficiently.
The cost of gas at home in October was the same as the heat pumps in January.
However heat pumps v gas boiler not that much difference in installation costs with the grant. Heat pump installation costs have dropped substantially since last year.
If I had had more time, and know what I know now, I would have swapped the gas boiler for a heat pump without question.
Good grief slug I know you are the most unintelligent poster on here, but to suggest you can't see any think older than 2013 on my site.
The answer is maybe I got banned and came back as another name.
That is beyond idiot as quady has been a member since 2011, which you still can't get your single Braincell round.
Maybe that has malfunctioned.
Again Slug you are seen as unintelligent and a liar, who cannot do basic maths.
The 5% figure was a rough guide and reffered to my purchase price which is averaged at 4.6 pence a share
Like anyone else I will not overpay or buy something I don't need.
You really are a prize fool.
1984
Just remind me of the most valuable car company in the world?
I’m sure you wish you’d invested 3 years ago.
Electric cars have come down massively in price and they are already way cheaper to run than ICE, I know because I’ve had both have you?
I appreciate those renting and struggling with all the cost of living increases will be angry with having costs forced on them but London is way cleaner than it was just 10 years ago. How anyone can say polluting ICE cars are good for the environment and people’s health is nuts.
Have you seen coal and gas fired power systems and all the pollution they emit.
Perhaps you should try driving a nice EV and how relaxing there are to drive on motorways etc
As for cost, 20k miles in an EV v ICE is a no brainer in favour of the EV
Addicknt, inflation issues and spike in interest rates kicked off in full metal jacket mode from September last year. So I think it's fair to say that in that kind of climate it's hard ... very hard to discuss asset sales that require capex of $3bln or more. A new downsized (halved) PFS projected for Q1 will have to take fixed prices on rates, spot metal prices etc etc. It's likely they will use US inflation index or industry standard which means it might be close to or good number to use in PFS and still get a nice IRR number. They need the number above 20%. So bit of a waiting game imho as absolutely no point at all releasing a PFS with temporary high inflation numbers embedded.
He seemed pretty excited at the downscaled PFS so perhaps that looks alot better than many think based on a $1bln capex.
In simple terms... will it be closer to a 30% of previous PFS? Or more likely 25%? So possibly 0.5Mt of copper, 1Moz of gold and 5Moz of silver over 5 years with profits kicking in as early as year 3 if assuming some cash deployed to do block cave investigations or prep for phase 2? These days it's all about 'instant' results and long term high capex projects are resisted more today than ever. Lets face it the market is pricing us to do very little over the next 3 to 4 years. If suddenly we are talking about a phase 1 build and export commencing in 2025 (end) then that might kick start all kinds of rerates and possibilities and of course... kick off a bid war. The latter seems key to me. SOLG have to get themselves into a position whereby a super majors feels it's time to step in and nip it all in the bud or fear losing the opportunity it entirely.
The phase 1 (smaller scale) plans opens doors to more investors/partners. Opens doors to easier funding options (even Franco, Mitsui, Valuestone et al will be possible if seeking funding in a $1bln mine build. It also opens doors to debt finance etc etc. I guess the super majors will only move when they feel threatened of when they feel SOLG is moving out of the obvious dark corner that they are currently being pushed into as the clock ticks down and there's zero chance of funding a $3bln mine without giving away significant equity.
What market cap would you expect from a business doing 0.5Mt of copper, 1Moz of gold and 5Moz of silver over 5 to 7 years
with clear route to phase 2 and rinse and repeat of the same model another 2 or 3 times. More than possible to get to the full 3Mt of copper or higher, 8Moz of gold+ and 21Moz silver+ over 3 or 4 phases or approx 25 years.
I'll let others run the numbers. But Scott is clearly excited at that and I can understand why. It makes sense.
“I would like an electric car but not going to switch until more affordable.”
This is the guy who first boasted his number I’d solgold shares were in the millions and followed up by telling us that was only 5% of his portfolio allowing us to calculate his portfolio value was somewhere around the £11m mark
And he can’t afford one the little American jelly mould milk floats??
Script works fine, check your own posting history under member history and advance to the last page
Your last post is March 22 2013 and there are no posts about you buying shares at 4p
Perhaps you got banned and came back under another name?
No surprise to see the Tesla brigade think it’s just a little delay, they’re far too stupid to see the actual problem in that this rubbish is not achievable
There is some kind of announcement on Friday. I’ve got a hunch they’re going to announce the mini reactors for nuclear power
The ones made by rolls Royce, might be a prudent punt to buy a few of their shares
Signing an NDA doesn’t mean anything in reality, other than it allows a party to see some details…. Beyond that it means nothing… I’ve signed many in my time and then walked away from an offered contract.
However if we are going to do wishful thinking… let’s do that…. Let’s just suppose there is a party, already up for a deal, dependant on technicals like permits etc….. it could also make sense said party could make no further exploration of any promising tenements a caveat of any deal….. so as not to chance any share price rise on any discovery…. That would/could explain Scott’s bizarre hammering home on multiple occasions, that no drilling is taking place anywhere, at the recent presentation…..
Hhmmmm. Conspiracies….
Looking back at Scott’s comments in the past regarding the start of the decline.. maybe we have all miss understood what he was saying… perhaps he was simply referring to his plans for the share price…
I agree addicknt.
I myself thought we would see something of some significance this October, November.
But looking more like March next year.
I do believe we get a JV with a lower cost start up mine, which will produce revenue early on to finance us to a full block cave operation.
As you would expect, SC seemed pretty confident at the Denver conference and in his own mind appears to have a "clear roadmap", even if we don't. I wonder if this is a result of what has happened during the past 12 months of the SR?
He has told us there's plenty of interest in Cascabel and that numerous parties have signed ndas and some are still using the data room (I know some people think he's lying, but I'm not one of them). Have the most interested potential buyers said to him, " we're very keen to move forward with Cascabel, but you've really got to get the various permits/IPA etc in place before we move"?
SC is completely confident he'll get them, but knows it's going to take another six months. The feedback has given him sufficient confidence to believe he has plenty of serious buyers, hence the optimism.
As for the naivety, did they start the SR too early in the belief they could persuade people to move without the de-risking? Did he think he had enough evidence to persuade people of the case without actually having the various signed agreements? If this was the case, it really was naive wishful thinking.
Eco-fascism and the Brazilification of the West through open border policies are just one election away from being unstoppable. I'm glad I grew up in the 70s, 80s and 90s - we had freedoms kids today will never know, sexual, political, civic, legal, social, the world was physically out there to be conquered in the sun and rain, not on our phones, we weren't fearful ninnies who only became brave when part of the latest Twitter lynchmob and we didn't wear masks and cower before a non-existent climate emergency.
I believe we will get a labour majority but not an outright win.
So a hung parliament.
Then the dirty dealing starts.
It maybe that the lib Dems can't get enough seats and they need to do a deal with the SNP.
That to me is the worst of all scenarios.
I agree addicknt.
But a large section of those people are least likely to vote.
The ones that will are the poorly paid who have families.
They want a better greener future for their children and better greener high technology jobs that pay better.
2025 for gas and 2030 for the phasing out of ICE vehicle's is achievable, doesn't require any government investment and the second hand market in cars will still be buoyant for ten to fifteen years later.
I myself drive a diesel Euro 6 with 100 grams of CO2 per kilometre so zero car tax. It's my daily driver and can fit everything in it while doing 60 MPG.
I would like an electric car but not going to switch until more affordable.
Q, but the point is you're not the type of person who matters. By that I mean you are not one the millions who have no savings at all and are struggling on a day-to- day basis just to pay their rent. These people swung the last election and will dictate who ends up in power next year.
Our friend Elodie has been appointed non exec Director of Shanta Gold.
It's a merry go round this game, isn't it!
Good morning addicknt.
Heat pumps are now affordable with a UK government grant of 5000 Pounds and the new generation are better value.
However octopus energy are bringing out a cheaper more efficient heat pump over the next twelve months.
Solar is near break even over a ten year period.
Yes electric car's need to come down in price.
But we are getting there.
Sunaks announcement is a vote loser. If he goes ahead he loses my vote, and the UK will lose a competitive edge in being a leading developer of green technologies.
Tesla, I'm guessing you're a member of the affluent middle class who can afford heat pumps, solar panels, expensive electric cars etc. The fact is the overwhelming majority of people in this country cannot and whatever Sunak announces is merely a reflection of that reality.
It was telling that the Labour shadow bloke, whilst squealing like a stuck pig, refused to say if Labour will overturn Sunak's changes. If they went into the next election telling the population exactly how much these arbitrary targets will cost individuals, that would be the end of their victory hopes, and they know it.
1984
The only thing that happened was they they won a by election they thought they had zero chance of winning and they are pinning that on ULEZ.
net zero will happen, the US are spending billions on it, in LA they are giving houses 20-30k to install batteries and panels.
You cant get a Tesla power wall free in the uk, you can in the states.The adverts are everywhere.
When it’s cheaper to go green people will embrace it, what they don’t know is it’s already cheaper.
It’s already cheaper in the US by a huge difference.