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"The agreement is between Semaica and Solgold.
Hence it's Solgold going forward."
This is just not true. Just as the agreements we've signed with Franco and Osisko aren't dependent on us being the company to actually build the mine for those companies to see returns on their investments.
In typical fashion your head is firmly in the sand and you're ignoring the many facts listed below that run counter to your narrative.
Why does this share get stabbed by 1.5% per day? When is it dead?
I'm not sure it works that way BBG. I thought the RNS was more desiged to give the Green energy firm a plug ahead of PDAC.
Yes there are benefits in mutual agreements, but I think the green energy firm needs to prove it has project pipeline so it can secure funding to execute upon it. So more PR for the energy firm than SOLG but agree that the fact they are in discussions with these types of firms bodes well.
Ultimately... if the majors are sitting on their hands, then it is going to take a multi consortium style group to take Alpala forwards. Bit of brazillian... bit of chile.. alot of china and a bit of canadian perhaps via PE firm.
It may well end up being a tale of two stories whereby we exit to these type guys and then further down the line... BHP enter into it but end up paying double what they owuld have done had they gone for solg in first place.
That's the idea of it... and BHP and other majors will be well aware of those scenarios.
Your missing the point SharketMare.
If this was going to be built by anyone else.
Then that would have to be announced first.
The agreement is between Semaica and Solgold.
Hence it's Solgold going forward.
Semaiac would never announce this on what maybe.
It has been given solid assurance's.
But I sold it all around 9, saw some signs I didn't like. You've got to be flexible in this game
Q, so the bloke lied in a court submission? His statement is directly relevant, the fact you don't wish to believe it is more a question of you clutching at straws, not me.
By the way, if I'm right we have settled his claim for circa £2m and I'm not sure we'd have done that if he was telling porkies.
The one thing we do agree upon is that Cascabel is going into production...but we won't own it.
Why would anyone have confidence in SOLG building Cascabel? They've openly stated they're not mine builders, they've effectively shut down ~90% of the company's operations, they've sacked most of their workforce, and the former CEO has submitted court documents stating that all of the current BoD are pursuing a sale.
Today's RNS is a great step towards turning Cascabel into an asset that a serious buyer can purchase and develop.
Why would these contractors sign agreements with Solgold if they had any doubt regarding the project proceeding.
Can't wait for the big reveal re funding the capex will ! its coming
From HH...
"RNS signing a MOU with parties involved in providing hydroelectric power. Something big is happening . Solgold week full of news ahead..."
"This is very bullish.More RNSs to be filed next few weeks. Plus PDAC new updates..."
Addicknt DC's statement is not relevant.
He is embroiled in a court case.
You are snatching at straw's here.
You however have not answered the question.
Semaiac would not spend this upfront without understanding who is going to build this
They would not take the chance that someone else would own it and gamble on timelines and costs
That's ridiculous.
They are doing this because undertakings have been given by Solgold, so that Semaiac can do this and make money.
"Childlike excitement" NAL ? I think you are wearing those spectacles that only see what drives your own personal agenda buddy, I think the majority of punters here are far from getting excitable, just remaining calm for the hopeful nice payday.
In terms of someone who is excitable your posts and replies fit the bill perfectly 🤷♂️
Anyway enough of wasting time speaking to an irrelevant anonymous Solgold stock holder, have a great evening NAL, why dont you stick your peenus on the barbie, Us women would love to see that 😂😂😂
Q, their confidence is based upon the understanding that by the time it comes to construction they'll be working with either the Chinese or a mining major.
What about DC's statements? Any thoughts?
Addicknt you make my point, when you say ownership by a major mining company with deep pockets.
But that's not the situation.
We are not owned by a major mining company with deep pockets.
My earlier point was about confidence.
Semaiac would not undertake this project on the promise of a sale as this could fall through.
This is the strongest statement so far that we are going to production.
Having topped up several times when I thought the share price couldn’t get any lower, 20p+ 11p etc I have now at more or less breakeven over 3 accounts.
So I reckon if an established company can feel confident enough to invest in renewable power infrastructure then surely the only way is up.
So like a fool I have bought another 25000 for around £2000 that I really would be smarter spending on a holiday or basically anything else. Fingers crossed.
Incidentally, you've never been able to offer an explanation of DC's court submission. It was laid out in black and white and was totally unequivocal. Surely that must make you think twice?
Q, you ask what would give Semaiac the confidence to construct and the answer's obvious. Ownership of the asset by a mining major with deep pockets, not a small exploration firm with six full time employees.
It was bought up to 6.55 in the first 15 minutes and then a blizzard of AT trades drove it down to 5.83 in just 15 seconds...then further to 5.68 in the following 4 minutes...you can't tell me this isn't being held/driven down...
Nicely summed up Eloro.
May I add one thought for your consideration.
The reason we have not had a bid or won't get one is the diverse book.
Anyone who wanted to bid, would have to do so on an agreed basis.
That means they would have to agree a price with the main holders.
Sounds expensive to me.
Next a hostile bid.
Yes that's doomed as again only needs one or two main holders to say we want more or more likely we are not selling our share because we want our stakes in Cascabel.
So the question is what are we left with?
As we know big miners can be seen as the villians (and often are) so likes of BHP and NMM etc tend to attract issues whether environmentally or just local resistance due to their 'brands' and poor reputations. SOLG is clearly a 'brand' in Ecuador that locals and gov both like. That's testament to the hard work which was pioneered by Mather and his team. CGP had nothing to do with that. So today's news is building on that legacy and building a strong brand which you need when doing Tier1 mining projects as a first mover in regions/countries like Ecuador.
What it does do imho is make a full SOLG sale likely but equally a partnership likely. Both will want to retain the brand SOLG reputation.
So someone either buys the entire business and trades in ecuador under that SOLG brand. Or... they partner up with SOLG and use the SOLG brand. The danger of the latter is tat other work SOLG does on other licence blocks becomes a potential risk to the partner on ENSA if something ugly happened like poor environmental controls on Porvenir or another future producing asset. That's why a total sale ... brand SOLG is more likely as it's the less risky route and the most valuable with 60 off regional licences already in the folio. SOLG's folio is basically the Ecuador Mining cadestre lol!
I hear you HH. However, one cannot deny that a high SP would blow away doom and gloom from investors minds. Just look at the excitement here in December when the SP perked up! Lord Braggart was beside himself with glee and was waxing poetically.
I am caught between a rock(Add) and a hard place(Quady). Sale vs Production. This rns gives the impression of turn key activities in support of a sale, while at the same time giving the impression that Solg is gearing up for production. Both cannot be true. If solg cannot find a buyer, then the only other alternative would be to go to production. The lower cost phased plan now makes that possible. So, I would agree with Quady in that regard. However, the BOD won't totally reject an offer if one comes along in favour of continuing to production. Interesting times.
Novice , I can see, and it's got to be good news.
what amuses me, is the child like excitement, if the likes of you and the excitables held shares in more than one company
they would not end up appearing to be an out of control school outing every time we get news.
just how desperate are you.
calm down dear.
it will be many, many years before this share gets anywhere near what you are hoping for. if ever.
so calm down
Addicknt that's ungenerous it's not spin.
Ask yourself a question.
What would give Semaiac the necessary confidence to construct.
It wouldn't be a sale of Cascabel, that could fail.
It has to be that Solgold has a plan to Advance Cascabel to becoming revenue earning.
Nothing else would do.
Well it's certainly showing signs of activity. 3.6m traded in first hour.
Now blatantly evident that this is in play and quite shocking to see the open attacks on the share price.
Someone's really keen on this which bodes well. I'd be more worried if we were at 6p levels and doing 300k traded per day. That would be a major concern.
Looking good here no matter how they try to dent sentiment through sp games. It's looking good asset and Ecuador wise.
According to you post updates in Jan you were buying SOLG at 8.3p levels.
It was a no brainer apparently then.
Did you forget about that?
Good spin! My guess is you're the only person who interpreted it that way.
Now that we know that the strategy changed fundamentally when DC was unceremoniously dumped, surely that tells you all you need to know? It was laid out in plain English in DC's court submission. We know Mather wants out, we know our Canadian masters want out, are you of the view they've changed their minds?