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Think he needs a life or a š or a šŗin his life. Way too much time on his hands has to fiddle with the keyboard or something. Or just needs ā attention. For his attention seeking issues.
No real investor would spend every waking and sleeping hour stirring the pot.
Sad. š¢
FTJNY
LOL
Pads - All Iām seeing is a sea of green so guessing your big one heading for the reeds is a ā floaterā which doesnāt surprise me in the slightest as all of the 70 or so posters in my trusty bin only post shĀ£te
Oh look he's in his element about lasso ,you need reporting for your deogotory/ demeaning and abusive posts
Speaking of rampers guess who posted this amongst many posts
āI don't have an agenda...I am just totally convinced by everything that has happened in the last few months that we are now only days away from a bid...ā
Wow. Itās a big one. Itās heading straight for the reeds!
Ramper might use a BB to constantly espouse the future potential revenue of the company even if unfounded, put ridiculous valuations on a company for possible take over bids and post so often as to drown out other peoples opinions. They might also pick on other posters and mis-represent what they are saying if they take a even a slightly different view to them or an obvious opposing position. This can even go so far as to go offline and become a personal
Let's have a 1,111 trade looks good on the books !!:):)
Let's have a 11,111 trade looks good on the books !!:):)
As an aside...firmly bid for 300k...
Someone circulating rumours of a take over bid on it's way.
A ramper might use a BB to constantly espouse the future potential revenue of the company even if unfounded, put ridiculous valuations on a company for possible take over bids and post so often as to drown out other peoples opinions. They might also pick on other posters and mis-represent what they are saying if they take a even a slightly different view to them or an obvious opposing position. This can even go so far as to go offline and become a personal attack if they have access to your email address.
Ecuador-focused SolGold (LSE: SOLG) is considering a phased approach to the development of its flagship Cascabel copper-gold project in the Andean country as a way to reduce upfront capital and construction time.
The company, which merged last year with Cornerstone Capital Resources to consolidate 100% ownership of Cascabel, also said it had deferred the definitive feasibility study for the project and Porvenirās preliminary economic assessment.
Porvenir is a copper-gold deposit located about 100 km north of the Ecuador-Peru border and 100 km south of the Fruta Del Norte deposit held by Lundin Gold (TSX: LUG).
The announcement, included in SolGoldās March quarter results, also said the company was negotiating access rights and ownership for the mineās proposed tailings. All other project work will focus on obtaining permits and agreements to allow for development.
āSolGold plans to provide an update as the various value-adding options are evaluated and a clearer picture of the future direction of the studies and timeframes emerges,ā the miner said.
SolGold approached Ecuadorās Ministry of Energy and Mines in August 2022 to begin negotiations for an exploitation agreement for Cascabel.
The company says it expects the contract to be finalized before year-end.
SolGold noted that as part of the announced project evaluation, it is looking into a range of financing and strategic options to secure additional funding, including selling a direct or indirect stake in Cascabel, divesting other assets or other transactions.
The miner ended the quarter with a cash balance of $48.1 million plus $25.4 million of shares held. It said management expects current cash balances to last beyond June 2024.
Losing Newcrest
SolGold faces the possibility of losing Newcrest Mining (ASX: NCM), one of its top investors, within the next couple of years if Newmont (TSX: NGT; NYSE: NEM) succeeds in its takeover of the Australian miner and brings those assets into the fold.
Newmont said on Monday it would seek to generate $2 billion cash in portfolio savings, including selling non-core assets, with the transaction.
Newcrestās 10.3% stake in SolGold could be one of the positions the U.S. gold giant may seek to divest.
The Cascabel project, located in the Imbabura province of northwest Ecuador, is one of the most ambitious mining projects in a country that is keen to develop mineral resources to spur its sluggish economy.
According to the pre-feasibility study published in April last year, annual production will average 132,000 tonnes of copper, 358,000 oz. of gold and 1 million oz. of silver during Cascabelās 55-year mine life.
This means the asset has the potential to become one of the 20 largest copper-gold mines in South America.
Itās estimated that the global copper industry needs to spend more than $100 billion to build mines able to close what could be an annual supply deficit of 4.7 million tonnes by 2030.
That is an unfortunate name considering how many words starting with Ju are pronounced in Latin American countriesā¦. Apt evenā¦
They called a new target Juank? Have they hired Slug as regional project manager or something?
Yes I have the same issue with threads displaying posts in reverse chronological order, started sometime this week I think.
Part 2
"The Miocene property lies adjacent to Mirasol Resources Ltd.ās (āMirasolā) Titan project. Cornerstoneās concessions are
located on an extension of the mineralized trend of the Titan Project and shares the same geology and surface indicators as the Titan project."
Cornerstone has an option and farm-in agreement with Newcrest.
"On 14 June 2016, Cornerstone announced that CESA entered into an agreement with ENAMI, Ecuador's state mining
company, creating a structure for ENAMI and CESA to prospect and explore for mineral projects in Ecuador using
Cornerstone's proprietary geological data base...On 6 March 2017, Cornerstone announced that on 3 March 2017 Ecuador's Ministry of Mining granted ENAMI eight concession titles in the Imbabura and Carchi provinces...In October 2018, Cornerstone completed an airborne magnetic and radiometric regional survey on its Espejo, Playa Rica and
Rio Magdalena Blocks, which are currently under ENAMI-CESA Strategic Alliance."
"Cornerstone has incurred expenditures in respect of the ENAMI-CESA Strategic Alliance totaling approximately CAD
$17,384,276 on 31 December 2022, all of which is exploration expenditures. Exploration work to date has consisted largely of geochemistry work (both soil and rock sample work), prospecting, and geological mapping, and on 18 June 2022, the Company issued a news release outlining strong rock sampling assay results which confirm the potential of Cu-Mo and Cu-Au porphyry targets."
It is understood that CGP/SOLG plan to continue exploration of the Espejo, Playa Rica and Rio Magdalena blocks.
Thank you Redknight you posted something useful.
I was looking for the date for the exploitation license.
So either we are sold by then or we have to start construction.
As all financing will be required to be in place.
On the day before the CGP merger was announced, the SP was 17.46p, valuing SOLG at cĀ£400m...
The MD&A states: that the merger valued CGP at Ā£96.7m...
The current MCap is Ā£538m so...at face value it seems that the merger has added an incremental value of cĀ£41m at current SP, over and above the ascribed value...
"The Company continues to pursue its strategy as an integrated explorer and developer..." (NOTE Not a miner Quady.)
"the Company has until January 4, 2024, to complete the negotiation process (on the exploitation agreement for the Cascabel project) with the establishment of a non-binding term sheet..."
"US$15,471,936 transaction costs (US$7,963,098 incurred by SolGold plc and US$7,508,838 incurred by Cornerstone Capital Resources)." So we only incurred half...
The "Finance costs" for the quarter ended 31 March 2023 of US$3,797,545 are a non-cash, or 'notional' item unless we withdraw from the NSR Financing...
Exploration costs during the previous 9 months were minimal at c$41k but interestingly relate to "the costs capitalised to date on concessions held within the Companyās four 100% owned subsidiaries in Ecuador that were relinquished during the quarter." I.e. we relinquished four concessions...
2,558m of drilling was completed at TAM in the three months ended 31 March 2023.
437m of drilling was completed at Moran in the three months ended 31 March 2023
"..field programs are continuing at Helipuerto with an initial focus on the delineation of the size and tenor of the new Tinkimints copper prospect....mapping and sampling the area directly south of Solarisā Warintza copper-gold porphyry discovery that abuts SolGoldās Helipuerto concessions....Exploration completed in the area south-east of the Warintza South defined a new target named Juank"
There will be "follow-up drilling" at CGP's Bramaderos and "The Company (CGP) believes its 100% owned āShyri NWā concession, the site of the Vetas Grandes prospect, has the potential to host a significant epithermal-style gold-silver deposit."
Cana Brava has a binding farm in agreement with Newcrest. "The Company has the right to earn a 100% interest in the CaƱa Brava project in return for cash option payments each 6 months..."
"Cornerstone acquired the Tioloma property in March 2017 for strategic purposes; the property wraps around three sides of the CaƱa Brava property..."
"Bella Maria borders the NE boundaries of Lumina Goldās Greater Cangrejos concession (Cangrejos has an Indicated mineral resource of 568 million tonnes of 0.73 g/t AuEq, with 10.4 Moz and 1.4 Blbs Cu). Initial results indicate that the property has excellent potential for hosting significant gold and copper mineralization..."
"The Miocene property lies adjacent to Mirasol Resources Ltd.ās (āMirasolā) Titan project. Cornerstoneās concessions are
located on an extension of the mineralized trend of the Titan Project and shares the same geology and surface indica
If we leave out the 20m plus day on 28 April (was that Blacrock's last hurrah...?)...
Average volumes for the last 18 trading days have been c2.2 million
We seem unlikely to break 100k in the first 2 hours today, with only six non ALGO trades in the first 90 minutes.
So it seesm we are back to waiting and watching...again...
The quarterly report, whilst staing that we have no cash problems before June 2024 at the earliest, also implies that nothing much is going to happen either...
Which means we are mostly waiting for Bob's 'retail' process to come up with the first bid...
Hopefull that means more opportunities to trade the shares at the margins to try and increase the otherwise zero return formholding the shares. Indeed the only consolation at present seems to be that SOLG is not falling significantly whilst shares in general are going down (and likely to fall further, with the Debt Ceiliing impasse , renewed fears of recession and the growing credit worries in the US occupying investors' minds...)
Have a good day
There are elements of truth in both Quady's and nal's arguments, it's just a shame neither can accept it.
Like so much of our public debate, nuance has flown out of the window. Opinions become totally entrenched with the result that the discussion collapses into a stinking heap.
An investment case is rarely black and white and that is particularly true here. Any sensible investor would know that and would keep an open mind - sadly, we seem to have gone way beyond that position.
Open your minds, gentlemen - if you don't you're unlikely to succeed as an investor.
Now that's better green posts only from you ,
Oh needalife filtered ni time for dreaming people imho will listen to a balanced board
Yes good thanks pinot,indeed we been round the clock a bit now here our 3.2 and 10 will reward us one day lol!!:):) Ccx
Byron if you was in Australia, as you ridiculously claim. You will have read in the papers FMG are pulling out of Ecuador, because of political uncertainty. Solg philosophy. Post the first thing that comes into your head. Then rk, quady and bubble can think up a 28 paragraph post, of mind numbing unfactuall garbage, so as to sound smart.
One day you might have saved up enough cash to actually own some shares in your name... Pleb