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Morning padmaster. Just looking back over your last 20 posts mate. With 18 of them, yes 18 out of 20 berating infesters. I think we've got the message now old friend, and although I'm not sure what an infesters is, I think maybe for your mental health, you need to move on. But I must say, I agree with you about disruptive posters.
Up a penny. We're back on the bottles of bubbly and all round bloke jokes. Yesterday down a penny it was all gloom and infesters. Day before up a penny, and here we go, no holding us, book your holidays.
What a sad fikkle bunch we are
What do you drive that makes you so fabulous Anna?
Hey … it’s irrelevant
Good day today
Do they still make beige cars ?
Nissan Sunny's fell to bits and rusted within a week of coming out the factory lol!!!:),I had a Morris miner customized :):),might get another if solgold does well and I can retire lol!!:)
DBW ,well done !!,I'll be on fizz Friday if this bounces again !!
Datsun Sunny with beads on the seat ?
Sorry but what’s wrong with mustard needle stripes cords. I have a decent pair of Paul Smith ones lol.
Anna
That looked like a serious turn around earlier …. Book must have turned on its head ….. switched off circa 2pm expecting a red day …. Left the pub a couple of hours later pleasantly surprised and pleasantly pi55ed ….. not a pair of mustard cords in sight thankfully
TheItalian
Bang in Porvenir and Tandy (both have added value that were not there in 2017 etc) and then throw in the simple fact that SOLG have the largest licence folio in Ecuador which at present has no cadestre which means 'doors closed' to new licence rewards so any majors will have to acquire existing blocks.
You never know... you might get your conservative value expectations up to 55p to 60p ranges. Not bad considering you were looking at 30p to 35p. There's no way on this planet that a Tier1 mine and company (as a whole) like SOLG are going to be sold for 35p. Way too cheap. ENSA might go for that in a poor market but with PM's looking 'electric' right now, I very much doubt it. Still... better to lower expectations and then you'll be much happier when exceeded.
Bargain levels earlier at 19.3p but very little stock on offer. After a decent run over last few weeks, consolidation period welcome. A close above 20p today might see some traders come back in again.
Not long now until the grande reveal by SOLG BoD's as H1 ends soon and that was their deadline for the SR.
Strap yourselves in... next month and half should be very interesting indeed.
See they have reached an agreement with Chile government on block cave project.
Seems like even the most leftist of President's, Gabriel Boric understands mining is required if you want to pay the bills.
Anglo keen to get Chile's copper production higher ... I wonder why lol!
Ecuador must be looking very attractive right now to a number of summer majors. Left or right governments all want the Wonga!
"LBIP is a multi-billion dollar project to develop the next phase of the existing open pit within Los Bronces' operating site and replace future lower grade ore by accessing higher grade ore from a new underground section of the mine. The project uses the mine's existing processing facilities, optimises water efficiency, has no impact on glaciers and requires no additional fresh water or tailings facilities.
Following the receipt of the environmental permit, Anglo American will continue to progress the project through its pre-feasibility stages towards submission for approval by the Anglo American Board in due course." END.
Fair enough pactrol, pricing that in the top 2017 price corresponds to 27.97 today and the current price corresponds to a 2017's 32.85, upside to 40-45p.
Still no lifechanging, but better than my initial estimate.
Anna. It is far more likely to be right win city boys who steal this from us.
all due respect thats not right is it as 1n 2017 we only owned 80% of cascabel not 100% as we do now
I recall the idea of open pit at Tandy alongside a multi year civil engineering project at Cascabel. The former is plausible for production by 2025 I would imagine.
needalife, the comment about 2025 was made at least twice by the mining Minister. Of course, it's total nonsense, but it has been said.
@Red and all, I just ran through the numbers myself.
If I got them right, in April 2017 we had 1.432 bln shares when the price reached 46.88p.
As of today, with 3 bln shares in issuance that 46.88 would correspond to 22.37p, so we would not be priced so badly even though we are horrified at the effects of dilution mixed with bad management.
Factoring in that we cannot transition to a development phase and achieve the relative valuation multiples because we are not producing a BFS or allegedly conducting any meaningful activities leading to development, with a great sense of loss I need to conclude that at this stage the price has limited upside, perhaps only as far as 30-35p best case.
If I am reading the use case incorrectly in any way, by all means speak up and share your thoughts.
GLA
Don't forget licence could run out and Ecuador government can take it for nothing so they really got to pull their finger out and get it sold imho
Many thanks needalife
Rk. Not to sure if I'm filtered or not. Just wondering if not filtered, did you see my responce to your claim that Lasso wants cascabel producing by 2025. Was it a typo on your post. If not I was wondering how you think this will be achieved. Bearing in mind, cascabel is at this time mothballed, and 2025 is less than 20 months. away. Look forward to your reply mate.
Rodney. We can play sp ping pong all day mate.
If your happy with the company and sp. Then I am genuinely happy for you buddy. Just one bit of advice from the village idiot. Please don't fall into the trap of thinking people on this board as superior as they think. Good luck with your investments
RK has the cheek to say he has 45 of us filtered. It’s quite obvious from the guys in the know, RK hasn’t a clue, and he has us filtered! Don’t u just love faceless bb’s.
Definitely not from the City.. unless doing the tea?