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We had a good recovery yesterday After 2.30 there was some good buying in SOLG I am also expecting a rise day on day as the confidence returns, or has returned. 30p by Friday next week? fingers crossed back to some normailty
Does anyone know the final election result as to who will challenge Arauz in the runoffs as all I can find is not yet up to date. Expecting a steady rise back up from this morning, nothing earth shattering mind.
ssmith_trader, I do not take every word as gospel, that is misinformation spread by addicknt and Earthling. I have been doing this 40 years, and by anyone's measure, I am successful at investing. Look at all the people on here that said once the BHP standstill had finished that we would be sold, these same people are saying this again with no evidence. I have read the RNS, and I can see how you would interpret a JV or farm out. But for once stop and think. Why has it not happened so far. Once you understand that, you will have a better picture of Solgold as a whole.
I think zoros posted a comment that Warren Irwin made on the CGP CEO board the other day. I also thought Irwin's previous comment was interesting (he is BDMinefinder):
@Pete Blaming it all on Nick would be too much, mgmt & BoD are well aware of the progress and big decisions along the way I would image.
@BDMinefinder @pete I think it is fair to blame it all on Nick, he was a bully and would not listen to anybody
Sounds like he was going against the advice/wishes of key stakeholders not just on funding but also on strategy for developing Cascabel. We know CGP wanted to monetize it earlier, maybe NCM and BHP were warning that they needed to do more work on the Alpala satellites and explore alternative mine designs? Which to me begs the question what did Nick think would happen differently that would have avoided this situation coming to a head? Was he expecting a bid to have landed by now? Did he think they could have pushed out the PFS on the old plan regardless and sod the concerns of the big shareholders? But what then, just magic up billions of funding and then carry on?
I'm still pretty positive about the assets and I've not sold any, just feel a bit surprised at such a major "reset" happening in the space of a few weeks.
Quady, the post is simple in its interpretation, that SOLG will not be going to production alone. We will either see a farm out / JV, or SOLG bought (I'd say between 50 and 70p) but funding is what we desperately need (and enough) so that there is less uncertainty and market can trust SOLG again. The fact there more funds are needed and that I have no idea at what price that will be, is why I am not buying more here (raise may be at a higher price which would be great). You seem to take every word the company takes as gospel and that's just got most of what you have said about SOLG soo wrong and why no one is listening anymore to your views.
Jerry, as you know, the problem with Quady's way of thinking is that he never looks at external influences or the motivation of others. He makes the assumption that a company operates in a bubble and that whatever they say will trasnslate into reality. Companies never work like that, but I'm afraid his lack of experience means he doesn't seem to grasp this rather obvious fact.
Quady even with your myopia, you hopefully will agree that the company has stated things before, which you then regard as fact, only for them not to turn out to be factual. Virtually every deadline for instance. As has been stated before, the fact that Solgold has said things doesn’t mean that those things are facts, just that their statement is a fact.
The candidate of the Pachakutik indigenous movement, Yaku Pérez , remains tied with the candidate for CREO, Guillermo Lasso , when 97.9% of the votes have been counted. Pérez (19.87% of the votes) has an advantage of 27 hundredths over Lasso (19.6%): around 17,000 votes, according to figures from the National Electoral Council .
2.21% of the votes have yet to be processed. While another 13.95% of the votes (around one million votes) have been computed as "new votes", so they should be reviewed
I noted in another publication that 13.95% (approx 1 million votes) have been deemed to require further scrutiny hence the review which will involve recounting so still some work to do before we get the result! Let’s hope it’s Lasso which would set up a two horses race with Arauz both of whom are pro mining
it states we are going to production. It states we are going to start with open pit, and cut into a block cave project, so this is still block cave. It states that we can get to production cheaper and quicker.
This is not my interpretation, it is what the company has stated. The fact that the company has stated this is fact. Sorry Shipright, it may not be what you what to read, but it is what the company has stated. Not me.
Shipright we don't know that. All we know is that something has happened when drilling, that gives us an opportunity to change the design and go to production cheaper and faster. That is all we know. Some of the posts on here, still claiming a buyout, are quite simply for the birds. But some on here are so desperate, that they will still insist we are going to be brought out, whereas if anything, this has become cheaper and faster to build.
There was some deception followed by a rapid change of tone/reality. I remain positive about what is in the ground, but less so about the BOD. Mining it on our own is unrealistic, a new CEO needs to say his preferred outcome - jv or sell part.
MM thanks very much for the info, and to be honest that does all sound very positive from the Comms department.
It's good that they realise the last couple of weeks have been a complete car crash for the SP and that they see it as a fresh start for the company, things will be different from now on, they are going to be a more professional outfit etc. But that also implies they agree that things were not well run up to this point, the over-hyping was a problem, strategy for Alpala wasn't optimal. What annoys me a bit is that up until two weeks ago they were happy to cheerlead the old strategy and still blow smoke up everyone's backsides about the direction the company was taking.
My takeaway from DBW's previous videocall with them a few weeks ago when we were all eagerly awaiting regional results and the PFS was that they were practically bouncing up and down with excitement as if to say "just you wait, great news is on its way!"