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Its a question of 'who will he choose to support domestic growth'... US, China or MBS....
Solgold simply has to sit back and let everyone fight for the ownership and control over the co
It looks like the right wing outsider is going to be the next president by overtaking the socialist in the runoff. On the face of it a 35yo right winger would seem to be a positive for Solgold, but will it?
Or indeed will it have any impact on the ramshackled and now seemingly stalled Solgold journey?
https://en.wikipedia.org/wiki/2023_Ecuadorian_general_election
Excellant schools eh! Keep digging NAL, this is hilarious.
Does polly want a cracker Does polly want a cracker
Adikt. Still no reply, to my averages post.
Not to sure you know how to work out averages.
In Australia we have Excellant schools. I could maybe enroll you in pre kindly.
Unfortunately back In the day family circumstances made me miss a fair chunk of education.
But I did manage to pick up enough maths to know that percentages and figures can be juggled to suit.
But please if you can't work out why you once again have got your facts wrong. Reach out. novice will help. Judging by his posts, he seems super intelligent
Adikt, you appear to have missed the word anyway. From my post
And you also seem to have overlooked why I said comparing averages to mine building is ludicrous.
One mine takes 6years, one takes 30 years = average of 18 years. No matter one only took 6. Like I said ludicrous.
Please get your Google finger out and reply to what's said. Not what you wanted to be said
But you've mustered support from novice and copperpot.
The mind boggles, what a dream team
Agreed copper for someone so sure and determined that they are correct they do love taking the juicy bait being cast out there every morning ! Who knows it’s probably a long boring train journey into work each morning and this fills the time
ONWARDS AND UPWARDS!!!
'Simply pointing out the average time of between 10 and 20 years is ludicrous'
'the actual average is 12 years'.
Genius!
Źzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
What a sad knob!
Cloud break mine discovery 2003 production 2008
Christmas creek discovery 2003 production 2007
Simply pointing out to state the average time of between 10 and 20 years is ludicrous.
Anyway, the actual average is 12 years.
If 5 mines take 6 years to build, and solg as is likely takes 30 that makes the average 10 years. As I said working on averages is ridiculous, the overwhelming majority took 6.
First invested in 1982. And still hang onto every word on every absurd post on here. I don't think so.
By the way, not only did those mines go to production in 5 or 6 years, they also built a rail line to port hedland at the same time. Google it,, learn something factual
Nice one addict that made me cry with laughter !!! I’d like to see NAL argue their way out of that one 😂 hopefully that will see the uneducated buffoon gone forever and not a moment too soon 🤷♂️
Nal, last time I looked 12 is a number between 10 and 20, although I accept it may be different where you are.
In the UK we run numeracy and literacy classes for adults, I'm guessing the same exist in Australia? Perhaps it may be worth signing up?
And you're absolutely right; since I made my first stock market investment in 1982 I've never made another one. It pays to be cautious.
Adikt
Oyu Tolgoi, 12 years from discovery to production
I could post every day a world class mine that didn't take 20 years.
The problem you have, solg is the only share you've ever held, and you can only go by what you read on Google, or even worse hang on to every keyboard experts ill-informed post on here.
So as I've said many times. Filter me, and carry on believing and hanging on to every word posted by the equally clueless.
I wonder how this conversation went...
https://twitter.com/embajadaecuusa/status/1702427354281472382?s=21
Https://www.ft.com/content/7a1db3cf-a61b-4ef5-b90d-ea98fe530295
Indeed, he is a gentleman and a scholar.
So there you have it, rcgl. Our man in the string vest and corked hat knows much, much more than any of the sources or research you've mentioned.
Thank heavens we have the benefit of his knowledge.
Interesting article….. Rio looking to up copper exposure
https://www.ft.com/content/91c1ae9e-8150-4201-9952-f02efbd60693
Its the likes of solg that up the average time to production.
im in a couple of lithium mine exploration companies in Canada, discovered 2 years ago, hoping for production 2027,
ive invested in exploration companies for longer than the clowns on here have held their one share, solg.
ive seen many of my investments go bust, ive made profits on 1 or 2, and very rarely hit the jackpot.
but never, never waited 20 years to lose my money.
absolute rubbish.
there is google for the experts on here,
and there is experience.
Rubbish
Https://www.mining.com/web/copper-mine-flashes-warning-of-huge-crisis-for-world-supply/copper-mines-are-taking-longer-the-average-length-of-time-to-develop-a-new-project-is-now-over-a-decade/
https://www.spglobal.com/marketintelligence/en/news-insights/research/copper-miners-enjoy-high-profits-but-development-capital-expenditure-lag
"New primary copper mines starting up between 2019 and 2022 had an average lead time of 23 years from discovery to commercial production. "
https://www.reuters.com/markets/commodities/copper-industry-warns-looming-supply-gap-without-more-mines-2023-04-20/
"Regulatory approval for new copper mines has fallen to the lowest in a decade, according to Goldman Sachs (GS.N), an ominous harbinger as mines often take 10 to 20 years to permit and build."
Rcg. 10 to 20 years from discovery to mine.
Where do you all get these brain waves from
FMG. 4 years from discovery to mining. 3.5 billion dollars annual profit after a lot less than 20 years.
For every 20 year cycle you spout, I could probably name 10 that didnt.
Clueless
I see the italian/ english/ Australian still feels the need to respond to my every post.
Telling everyone he's filtered me. Yet responding to my every post. Couldn't make it up. Sums the man and board up far better than I ever could
Learn something new every day. Never stop studying.
The main plan is to sell Cascabel. I believe Scott stated that it has been drilled enough now, so any additional drilling there is presumably not going to affect the value much, it will just burn up cash. The process of selling Cascabel will take as long as it takes, and is not directly related to what's happening at the rest of the regionals.
We saw prior to them stopping drilling, releasing even decent drill results from the other targets wasn't really moving the dial on the SP at all. Agree with Italian that the entire mining sector is down, the froth of a couple of years ago has been replaced by doom and gloom. So I guess they have decided that keeping drilling the regionals is not going to achieve much, other than burning through yet more cash. If balances get low, they will need to come back to the market for more funding, which will just mean even more dilution for us. I'd rather they raised equity funding in a more upbeat market at a price north of 20p, rather than down here at 13/14p.
Also given that we don't know if they want to offload the regionals, spin them out into a separate entity or just sell the entire company, it's probably best not to be throwing millions at them in drilling.
Yes the whole thing is frustrating and yes I wish things were different. People are very quick to criticize the company if things don't happen immediately. In the grand scheme of things (10-20 years from discovery to mine) taking a year or so to negotiate the sale of deposit as complex and costly as Cascabel is probably par for the course, especially in a depressed market with high inflation and two-decade high rates, in a country that has been mired in political turmoil all year.