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Excellent posts Pad ,show how well placed solg are imho
Daveri007 - sorry to hear about your relative today (007) :(
WRT your query . Sprott said:
Dear George (Zoros) (had to giggle...)
The grades are one through ten, with one being best.
Please don't be discouraged if you find my rankings harsh...because they are! I've given out less than a dozen "one" rankings in three decades of analyzing resource stocks.
Company Ranking Comments
SolGold plc (LSE:SOLG) 6 expensive, big, well backed
Greatland Gold plc (AIM:GGP) 4
I think the 'daily holdings' says it all, don't you?
I'd be interested to know the price Sprott paid for his GGP shares. They had none prior to 31/11/19. I'm guessing it was in the region 8-10p - i.e. super late to the party, as is usually the way for funds, even specialist ones.
Rick Rule/Sprott are obviously idiots. Why would someone with all his knowledge skill and track record hold 17 times as much GGP as Solgold? He clearly knows nothing cos I only have 8 times as much. ;-)
Wrt SOLG being part of Sprott's junior gold miner ETF, you need all of the facts to understand the true picture:
1) 30 Nov 19 Annual report - SOLG no. shares - 3,693,661
2) 31 May 20 Interim report - SOLG no. shares - 844,844
You will see that the total value of the ETF as of 31/05/20 was $59.5m. Value of SOLG shares was $270k, which equates to 0.45% of the fund, roughly what it is now.
Sprott sold down their holding at some point in the time period Dec 19 to May 20 and have since neither added to nor reduced their position.
Zoros how did rick rule rate GGP and SOLG?
and understanding. That other word needs to go in the bin with all the other terrible slogans of times gone by.
Can't stand the word though - do we need some kitsch, new utterance that today's youth, with the attention span of a gnat, can throw around on social media to be cool, as a replacement for the word compassion.
Perfect timing guys:
One of the reasons solg are having success and enjoying good relations with Ecuador is their respect for the people and environment.
Mining is notoriously destructive and mining companies are often ruthlessly selfish in their quest for profit. I'm pleased to be invested in a company that gives a damn.
Calling people woke is recognising that they have respect for other people and appreciate the great rainbow od diversity in the world. If I am considered to be woke, I thank you and wear your accolade as a badge of honour. N
5. Reforestation Program “1 Millón de Plantas”: Restore and rehabilitate degraded forests, in order to recover the structure, productivity and diversity of the plant and animal species that originate in the forest, generating forest products and services in the Cascabel mining concession area. To date, 115,947 plants have been produced, with 79,400 planted in an area of ??66.86 ha.
In the fixed forest nursery for the production of native species of the 1 Million plants project, the following are planted: Cedar, Mahogany, Pendo, Zabaleto, Tangaré, Frutepan, Guadúa, Guarumo, Higuerón, Sangre de Drago, Mata Palo, Murcielago, Palma de Chonta, Pambil, Algarrobo, Marathon.
40 people from the communities of influence of the Project participate in this initiative, carrying out the plant production process in the nursery. This includes from the collection of seeds, covering of substrate, transplantation, cultural care until reaching the final sowing of the plants in the area destined for restoration.
Since 2012, SolGold has explored the mining wealth of Ecuador, with a responsible and sustainable operation. The company operates within a framework of high social standards and corporate internal governance, as well as best environmental practices, thus contributing to sustainable human development and building a future through responsible mining.
Twenty-three volunteers from various communities located around the Cascabel project, as well as company workers, graduated in August 2019 from the “Water Monitor Training” program, endorsed by the University's Center for Innovation and Development for Industry and Mining Loja Particular Technique (CIMA - UTPL). The participants are the community observers who guarantee the proper management of this natural resource that is so important for development.
CARING FOR THE ENVIRONMENT, ONE OF THE PILLARS OF SOLGOLD
SolGold, a mining exploration company specialized in the search for copper and gold deposits, who directs the Cascabel project in Imbabura, in addition to 13 others that are in initial exploration around the country; maintains as one of its strategic pillars the utmost respect for the environment where it operates.
The Company is convinced that environmental responsibility is the basis for the development of the communities of influence where it is located. Therefore, and in respectful compliance with Ecuadorian legislation, it works on the implementation of initiatives and new technologies aimed at preventing, mitigating and caring for the environment, seeking greater efficiency in its processes, significantly reducing the use of resources and, therefore, minimizing the impact of its mining exploration activities on the environment.
SolGold has five main programs to protect the environment within its Cascabel mining concession, the same ones that are intended to be replicated in its other regional projects as an efficient operating model. These are:
1. Water Management: Addresses the care and efficient use of the resource. Thus, in the drilling processes, Solid Removal Units have been implemented, a water recirculation system used for the operation of drills, which allows the reuse of about 90% of the water that returns to the surface.
Similarly, 100% of industrial wastewater, as well as those generated in camps, are treated before returning to the environment, complying with all the parameters required by the Ecuadorian State and the Environmental Regulations.
2. Waste management: Technical management of waste generated in operational areas and camps. They are divided into hazardous and non-hazardous, and the latter, recyclable and non-recyclable. In the Cascabel project there is a Waste Transfer Center, as well as green points for their separation.
As part of the comprehensive waste management, the Company has implemented the cultivation of tilapia and hydroponic crops.
3. Rehabilitation of intervened areas: Identify and rehabilitate areas intervened by the Project activities, with native plants so as not to alter the natural ecosystem. To date, around 76% of the intervened areas have been rehabilitated, while the remaining 24% correspond to the currently operating areas.
4. Environmental monitoring: Monitoring of water, soil, sediments, air, noise, flora, fauna and liquid discharges, at strategic points in the concession area.
Also, the community participates in these processes through the Environmental Observatory, which accompanies, knows and involves the members of the area in monitoring campaigns of surface water bodies. With the supervision of local members, who have been trained in various environmental management issues, together with SolGold, they evaluate the Company's operations environment every six months.
Think we are going to see rare commodities bounce next week imho
Hope your right regards Trump ,Roger
He's a decent sort Mr Rick Rule
I came across this little snippet courtesy of a poster on another site.
We all know Sprott (or should do) and its boss, the billionaire - Rick Rule.
Here is his take on what effect the US elections might have on Precious Metals:
At the end, he makes the viewer an offer....I took him up on it and got a reply within hours.
I think the problem is of going it alone is raising the finance. This is because I agree with Quady on being able to hire the missing parts of the jigsaw. I don't think there will be a bid for the whole show at this stage - too much. However, should we have 2-4 potential tier 1's (or more), I do not see a problem in taking one to its PEA and effectively mortgaging it against the chosen one first i.e. Alphala. Should there be others joints ventures are more possible then. This is not SXX where their asset was 20 miles under the North Yorks moors. They only had the one situation to borrow against, whereas we have assets we could relinquish if there was a disaster
Agree, you cannot have a simplistic view on this or any share. Always the sum of the total and you correctly identify the "parts" and why the summation of factors here is not synergistic To equate to a higher share price at the moment. But, our time will come.... Soon?
If we are to take the NM view
No JV, going to production, not part of some big conglomerate, multiple SH exit points, minimal dilution etc.
Minimal Dilution not the only element undefined & subjective?
JV but one of several options & one that can be pruned back in terms of legal definition?
Assuming no major can or is willing to land a knockout blow & NM won’t offload alpala just because he can.
What are his options going forward that still satisfy all the elements of legal, logistical, financial, Governance, timescales & market credibility?
It feels like several deals have got to be cut & packaged that allows NM to deliver to his basic principles & that the current SP is just one of a series of escalator steps that will be forthcoming.
The markets will react when the strategy becomes clearer.
Got to laugh, to suggest Netflix is leftist, and Trump is a Morris dancer (orange branch).. 55p why not
Reality.. Patience fellow investors. ..)
55p this time next week.......oh dear, don't give me a pint of what you lads are drinking! There's more chance of seeing 'Trump the chump' remaining in the Whitehouse than seeing 55p next week!
Hi Z at least I'll be sober tomorrow morning ... With you it will just be the same old same old... Cov have faith fellow investor there's nowt as strange as solgold stock Lolz
Hey Bubble you're as bad as each other! We will see , but I doubt it.
It will happen one day soon though , but not within to weeks in my opinion.
I thought takeout was a cert but not sure now , dunno where we're headed , but all good whatever route we take.
One takes longer than the other , that's the only difference.