Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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But Kali, don’t you see? I was right.
“You won’t be watching England level the ashes series” .... and they didn’t lol.
Padmaster. Just thought you would like a reminder of your post.
RE: This could be pivotal...30 Jun 2023 10:48
You won’t be watching England level the ashes series then kalneedabari?
Seems your forecasting skills cover cricket the same as solg share prise. £4.50 BY XMAS. HAHAHAHAHA
What have people on here, and English cricket supporters got in common......
Whining and whinging when things don't go their way.
Let's report and filter australia,,,
Hilarious. When I think back to what the likes of fdjny and others posted on here about irwin. He was the most hated person on earth when he outsmarted mather. Now. Wow, he is the smartest man alive, and we hang on to his every word. Whatever caused the transformation. Let me think,,,,,, oh yes, I've got it. He said something the grasping at straws gang wants to hear, like little children, laughable isn't it.
On 3 January 2022 ENSA received approval for the two-year extension to the Economic Evaluation stage of the Cascabel license. This period shall expire on 3 January 2024 by which time the Company shall convert the current approval into the Exploitation Agreement with the State.So as I read this pasted paragraph from the Rns 11 may 2021? The licenses automatically change from one to the next
So we'll have an exploitation license in place by 20th August (7 weeks)? And if we don't? Would be happy to see it but absolutely not likely.
Zoros we are one of the exploration companies that the government will move us forward. Before the election.
And what happens if the new government refuse to release it as a part of their clamp down on mining nationally?
Z
Zoros I don't think you understand, the exploration licence runs out on 3rd Jan 2024.
So we need to move to the explotation license before then otherwise we lose Cascabel.
The explotation license means we start construction.
We have no choice.
Of course you did RK, don't forget your wife's purchase too.
Back to reality:
There is no denying this resource is one of the best in the world top ten over the last 20+ years. I see atleast two MAJOR barriers that need to be overcome for a prospective buyer (because there is no way on earth that Solg can start mining @ Cascabel anytime soon least of all in 6 months time (pmsl)).
1st: The resource is an awkward shape and it requires considerable enginering expertise to mine it efficiently. This means it is going to be expensive to resolve.
2nd: The new government sitting in the wings could delay/cancel all that was previously agreed between Lasso and the mining fraternity.
Who in their right mind would act now to buy out ENSA atleast until the new government show positive intent to mine and then the new owner having to front up billions to mine the resource?
This is going to be a very slow burner for countless months to run.......................
[Our only hope is if the chinese are so embedded (and busy in the background) in the Ecuadorian government (new and old), that they can call in favours allowing them to crack on with Alpala].
Can't see anything happening this side of 2023.
Z
Rude not to, sub 16p...
I see your true colours are out there for all to read this morning Bozi! Negative Negative Negative De-ramping at its very best and even managing to tag team with Tesla the De-ramping non- investor! You really make the perfect couple and are welcome to each other if the constant negativity you post about Solg floats your boats!
If the Exploitation agreement isn’t signed soon…. What’s to stop the Chinese doing a deal with the Ecuador government for Cascabel behind the scenes… given Ecuador is totally indebted to them… dept forgiveness in return for handing over Cascabel when the license expires for Solgold.
Happy Monday morning thoughts….
Irwin has turned so contradictory recently… He used to proclaim Solgold are an explorer, not developer, now he sees no point in exploration drilling, and fakes excitement about his pals mine plan… he s gone cold on any quick sale… months back we are at point 2.9 of the plan……. Now he wants Solgold to plan to develop it….
PS Fort, just to help you with maths as it's clearly not your strong suit...
You mention that Wood Group did 140%. Well, SOLG doing 140% from here puts us at 38p and change, quite some way short of your 50p.
Literally Fort it's probably me since Warren lost half of his.
As long as you know Fort that you carry the least weight here, as all you're good for is pathetic baseless ramps and fantasy. The world's worst ramper.
Be good at your job or don't do it at all.
Agreed Fort nothing any genuine investor could argue with there
Great post Fort. 👍
Irwin's not the oracle but when it comes to listening to him or Bozi... I know who carries the most weight lol!
He clearly has connections with Bob/Maxit and the old CGP guys. I'm sure he could say more... but that might cross insider rules etc.
I think some on here forget just how remarkable Alpala is. The metal mix is a smelters dream. Franco and others are all over it chucking 100's of millions. Some of you can play it down if you like... but it's one of the best Tier 1 discoveries ever made in the last 10 to 15 years globally! Where's all the new much needed copper supplies going to come from for the new electrified world then??
It's not going for anything under 50p - some of you need to understand the way markets work. The sp (today) is not an indicator of the final takeout price. Wood Group was 100p months ago and then had offer at 240p. We all know about Noront 21 cents to 110 cents. The list goes on. SOLG has 100% stake in a monster size Tier 1 asset. It's almost unheard of. Most minnows end up with 10% stake or less or through poor deals like GGP example whereby likes of Newcrest virtually get it all for peanuts.
SOLG management have done a brilliant job navigating the ruthless world of mining where the big boys push the little boys into submission. It's a cruel game. But SOLG have come through that and 100% stake is astonishing at this juncture. Mather et al have done well and the royalty deals tell you just how likely it is that Alpala will be developed. Just as Franco!
How is his logical reasoning, because that is the skill that many are relying on him for, not his maths?
I can't help feeling that the regional drilling point stands though. One or two rigs to go and test Helipuerto wouldn't have broken the bank. I don't think anyone is saying they expect SOLG to have rigs and teams spread the length and breadth of Ecuador.
Lol Bozi I don’t think he’s the oracle…. Far from it but as NM said of him recently “he’s a very good mathematician “ and he’s quite clear on where he thinks this is heading
DBW - I'm not interested in what Mr Irwin has to say. He's not the oracle some of you think he is.
I've been saying in some recent posts that this is heading for a sale over a JV. I don't believe it will be a good deal for us legacy SOLG shareholders.
I'm still disgruntled at the way the company managed cash off the back of the PFS and has subsequently mothballed it's regional portfolio. You can be giddy about a sale as much as you like but that's poor from the company.
SOLG investment case: The company has got a large asset in the political basket case that is Ecuador. It's angling for a takeover whilst sitting on and conserving cash.
Can you blame investors for not buying that? I can't.
It is amusing to see the rampers clinging on to a tweet in the hope of reducing their losses gambling on this share……..
Great investment strategy…….
As ever something is only worth what someone is willing to pay for it and unfortunately the rampers on here have raised expectations so high most are going to be disappointed.
There is a reason why the sp is near multi year lows and it isn’t because red ramper and DBW have been buying every time the sp drops!
Elon's new limit on viewing preventing links to work.
Best to view with an account.
Https://twitter.com/ItsWarrenIrwin/status/1675509753156632578?t=DGAPezT1qBcmx9wusxBZ2w&s=19
Good morning DBW. Sorry the link you posted won’t open. Any chance you could repost the link or share the content of WI’s Tweet? Thanks