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Pad, this fella gets it - but he's saying no more than many of us on here having been saying for a very long time. The one thing I may take issue with is the suggestion that the 15th may see things kicking-off. I'd be hugely surprised if anything happened and am anticipating a delay of several months while BHP get their ducks in a row.
Pad - how on god's earth do you manage to find so much 'intel' before anyone else? It never ceases to amaze me. The article says it all doesn't it, really. NM must be working overtime currently. The majors are circling, NCM joining the TSX, porvenir, blanca, Hueca,. He knows they're about to knock on his door..... Going to be a very interesting two weeks 38.6p by CoP friday. Z
newtoit, I posted yesterday, anyone taking on Alpala has to renew the environmental licenses, this includes the water permits, which took us 6 months, as cooperate governance had to change, and we had to test our solution, to the satisfaction of the Government. Padmaster posted the article yesterday, on tax for Alpala if sold independently. I will post again.
It's in section 3: will post below, and attach Padmasters link, as lots of detail.
In a share/quota transfer the company continues with its business, contracts, and permits, meaning that the business is not affected. However, in the case of asset transfers, new permits may be required (for example, environmental and operating permits) and this may mean that the business is affected.
Full article below. Also this would apply to any tenement that Solgold sold.
Here’s a flavour: “ Solgold’s third response has been to start drilling (after Covid-related delays) at two of its other most promising targets in Ecuador, with the obvious hope that early results will convince all those milling around it that it is even more valuable than its Alpala stake alone, and so influence whatever strategy potential bidders might be considering.”
addicknt I understand that, my point was on widely perceived historical events. As for me, I have never followed people blindly, I have always in life, struck out on an independent course. I have a mind, that makes me want to understand, as much as I can about any event or situation. ( I understand that can be annoying ) All the best.
Several piddly sub-economic intervals strung out over hundreds of metres of core do not make a "very long interval of gold mineralisation." We're onto the fillet mignon here, and you're trying to temp us with Pedigree Chum.
Sorry allthatguff, the two are poles apart. Read some of the soldiers accounts, people who were on the ground. Understand how hard life was. Did you know, that nearly as many died of Trench Foot, as were killed at the Somme. Doing nothing was not an option, and when they did give the order to advance, we had an incomplete picture of the enemies positions. Instead of dismissing an argument, try reading up on the subject.
addicknt, I have a friend and also my ex manager, who writes about 1st world war history, does battlefield tours and cave diving at historical sites. The one thing that constantly comes up, is that you cannot compare the first world war, to modern military warfare, and that the way history is written, doesn't explain the mass slaughter in historical context. These stories of advancing towards the machine guns, is based on one battle, and you have to understand what went wrong. Nearly everything that could have gone wrong did. If they had modern day communication's that incident would never have happened.
I think we'll see a knockout bid for SOLG the company by a BHP-Newcrest combo as this would give both companies an unparalleled and almost unimpeachable control over some of the most prospective areas of Ecuador plus of course SOLG's discoveries to date which I suspect also have exploration upside..Newcrest isn't that cashed up but then SOLG's assets are far too tempting for them not to find new sources of capital to finance this strategy. Newcy could be thinking of going down the copper route as per BHP and why not...
Quady, I jolly well hope he has got a Machiavellian plan and isn't just stumbling around in the dark. The fact is, he's far too clever not to be aware of all of the permutations and I've no doubt he has rehearsed the responses to all of them. What he isn't doing is sitting at his desk endlessly repeating the mantra "we're going to production"...no CEO in these circumstances would do that. That's not true - some would...the useless ones. Your approach is coming to resemble those poor foot soldiers of the First World War; blindly following orders as they stumbled towards oblivion. "Don't worry chaps, all you need to do is follow my commands, walk slowly towards the enemy and ignore the machine gun fire"
I know what you mean Montecristo, something along the line, of our latest 1000 meter core drill at Porvenir is solid gold, and we are going to sell this core sample, to fund Alpala, prove up all our other tenements, and pay a 2 pound dividend to shareholders. Nice thought, but guessing the news flow, will be less dramatic.
Morning Colonel, It's just every time NM says something, many people try and prove how clever they are, and pretend he is not being straight with us, and that he is lying, in order to execute some Machiavellian plan. Those are what I call the conspiracy theorists. Those that speculate on what has been said, and don't twist the facts to suit their preferred outcome. Those are the people I enjoy reading. All the best.
Be interesting to see if we get any commentary coming out of the CGP camp in the next couple of days ..... only a week or so until the offer expires , an offer that has surely become a lot more attractive over the last week or two? La Hueca bern going some time could early results there be our next titbit?