The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Warintza is Solaris is it not?
Perhaps the logos on page 10 were aligned with intention! SOLG to partner Solaris, Franco and Lundin??
Page 37 very attractive
After Tax Cash Flow
$12.1bn ($14.4bn over LOM)
Just imagine what the After tax Cash flow will look like with Copper prices expected to be double in 5 years time!!!
All coming together this month
Could be Radom or a message but someone organised those logos on page 10 nicely with bottom 4 looking like a future team?
Wouldn't you put SOLG logo next to BHP, Newcrest and Franco?
SolGold to boost Cascabel potential, test "Warintza" target
SolGold is working to boost the potential of its Cascabel copper-gold project in Imbabura, Ecuador through optimisations and exploration drilling to show its porphyry cluster potential as it prepares to update its pre-feasibility study (PFS), CEO Darryl Cuzzubbo told Mining Journal.
Alas SeanH its always the pioneers that make the big money and believe me many have over the last 5-6 years. The clever thing is knowing when to get out of that type of stock, I basically trebled my money on a smallish but considerable investment there over a 3 week period last February then piled all but the majority of it back into here at around 21p, fantastic move.
This one regardless of weekly/daily movements and what certain posters write is a keeper. Not 100% that I will make profit, nothing ever is,
Sean, probably 'its different this time'. Problem is, it never is. Just new people learning old rules...
Gino ,yes I know of this bloke very informative knows quite a bit indeed he's correct when it comes to supply and demand assets like solgold are very rare indeed to come by on a large scale plus they still proving up more I wouldn't be surprised if they end up in the top three biggest deposits in the world imho
As someone with a tech background who has always scoffed at cryptocurrencies, I've felt like a right fool staying out while billions were made in the last 10 years.
But this morning I'm very glad I've invested in something real, be it in the ground, that the world actually needs and will need more of.
The illusion of creating value out of nothing - like the mania for tulip bulbs which defines the "madness of crowds" in any economic system - is always tempting, and while I take no joy in seeing others lose everything, you gotta ask what on earth did the "crypto community" think it was sitting on, other than a vast Ponzi scheme.
I read once that all the gold in or on the earth - all of it - if it were a cube could fit under the arches of the Eiffel Tower. Now that's what I call a limited supply. When I was born there were 3.5 billion people, now there is nearly 8 billion. Same amount of gold. Kind of puts Bitcoin and all of it's 100s of imitators into perspective. What were these people thinking?
Thanks Gino
There's a guy on CEY BB called goldgnome who's always worth reading. This is an extract from something he posted earlier.
'The gold mining industry will need more mergers and partnerships to dig up harder-to-access (deeper, more difficult jurisdictions) deposits in an environmentally friendly way, according to the head of the world’s biggest producer.
“We are seeing fewer and fewer large-scale and transformative gold discoveries,” Newmont Corp. Chief Executive Officer Tom Palmer told an industry conference in Toronto on Tuesday. “Instead, we are seeing lower grades and more-difficult-to-reach ounces.” THE IMPORTANT INFERENCE ABOUT LOWER GRADE, IS THAT THE NEWMONTS WILL NEED LARGER OREBODIES TO CONTAIN THE SAME OUNCES. LARGER OREBODIES MEANS LARGER AND MORE COMPLEX GEO-METALLURGY, WHICH IS AN AREA OF GREAT NEGLECT BY THE MINING FRATERNITY, AND WHERE THE DEVIL IS IN THE DETAIL.
To tap those ounces while assuring the industry addresses “critical sustainability issues” will require access to capital and agility, Palmer said at the Prospectors & Developers Association of Canada gathering.
“There are only a few gold mining companies who have the capacity to deliver on all of these elements: size, scale, mine life and access to capital — clearly making the case for further partnerships and consolidation within the gold mining industry,” he said.
Those who don’t understand such fundamentals “are doomed to be left behind,” Palmer said. “While gold will always exist, not all of us will without collaboration and consolidation.”
This was aimed at gold (of which we have bucket loads) mining, but it must be relevant to some of SOLG's deposits.
Many thanks goldgnome.
Exactly Sean ….. stick to what we know ….. finding the stuff ….. Norges are risk averse they wouldn’t touch this if they thought we were going to try and do it ourselves
IMVHO
13% of total copper and ~17%
of total gold in new major deposit discoveries in the
last ten years
That's what it contains. Getting it our the ground is a different story and fraught with a million risks and costs. Let BHP take that burden from us.
The name of the area to the north of Alpala and Moran (I could not remember) is Chinambicito. Anybody know if we have ever drilled this site in the past?
The PDAC conference is HUGE! Thanks DBW.
Says it all
"Cascabel contains ~13% of total copper and ~17%
of total gold in new major deposit discoveries in the
last ten years"
Norges .... oops
https://wp-solgold-2021.s3.eu-west-2.amazonaws.com/media/2022/06/SolGold_Corporate_Investor_2022-06-15.pdf
Noreges up to 3.97% (from 3.79 in May)
TR1 soon
Thanks DBW...
Will Lundin will be there DBW ?...... Canadian miner in Ecuador
Eish....we are presenting today at 11.45 Eastern time..... it will be on the website shortly afterwards
Damers morning yes usual early drop before resuming uptrend by the looks of things , lithium has been mentioned as one of the resources in Ecuador I wonder if any of solgold tenaments hold any ,not a geologist but some more experienced my board members may know ,just a thought as the world demand for lithium and rare minerals continues to increase
Is anybody attending? If so, can somebody please replay news from this presentation, please?
"And then I'll buy back when the SP falls back."
Good strategy - this is where I've made nearly all of my profits from SOLG since 2018, when I gave up waiting for a bid and started trading it in the 19p - 37p range. Can't lie - it's the share that keeps on giving, and I have crossed swords many times with LTHs whom I have called broody hens sitting on china eggs. So I am not going to **** you off for your post.
But I and a few others I suspect do expect a bid very soon now, and so you have to accept what I used to accept - if you're out when it lands, you miss the bus and that's it. It was always a gamble, and it always paid off for me.
What you might notice this time is that the board here is not full of rampers and TA merchants who have popped up out of nowhere, pumping and dumping for a quick buck like every single other time we rose above 32p.
Right now the BoD is, in my opinion offering nothing but decades of spending, dilution and delay as well as some juicy renumeration for themselves at the end of this month. By any SOLG logic the SP would be at 19p this morning, and no amount of drilling reports or exploration updates would change that.
So what's different this time?
We all pays our money and takes our choice, so good luck with your strategy, but the big payday has to happen sometime, and there are moments when you just have to try to taste it on the wind. What's different this time should reveal itself soon.
If there are so many market speclations about SolGold takeover, should the Company make an announcement to clear the dust for small retail invstments who usually live in the dark.
Well I hope it’s worth the wait for the update on Porvenir. Hopefully good news is coming.
It doesn’t worry me if no bid appears this month. I’ll like to see FMG accumulate some shares in Solgold, to put the ****s up BHP.