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SOLG closed at 6.96p equivalent...
1.2 billion, not million
Rio Tinto have developed a high risk high reward strategy on exploration.
they invested 1.2 million US dollars last year on exploration.
where bhp use a low risk low reward strategy.
it appears to be paying of for Rio Tinto, they and the companies have discovered some staggering sites.
they are also investing heavily in the development of new technology to extract ore from previously
unprofitable sites.
this could be of major benefit to cascabel.
just don't get hysterically excited about her drop in the ocean investment in Ecuador.
if you take the time to look she's investing heavily in chlle and other s a countries. in darkest Africa. in eastern Europe.
none the less it would of been a worry if she didn't enter ecuador
What Ecuador and its mining industry crave is stability.
Hopefully Noboa is going to provide some at last
“According to the latest Cedatos-Gallup polls, 76% of Ecuadorans trust Noboa while 56% say the country is on the right track and 52% consider that under the current government the situation in the country is better. His general approval rating was 81%.”
https://www.bnamericas.com/en/news/ecuadors-noboa-riding-a-wave-of-popular-support
Sorry Jezzoo was that comment aimed at me, I not been banned.
yesterday,gina put her weekly nail varnish money into ecuador.
the board was awash with excited chatter, we couldn't wait for today, whatch us go. just wait for the auction.
today, once again reallity sadly returns.
$120,000000, how big a hole do you think that will make in rio profit.
my grand kids swim for the state. han**** probably puts that much into sponsoring them.
and exactly how much did she put into solg
Back from your 48hr ban then.
So should read some.
Good morning Covgaz.
Look you should have worked out by now that Redknight hasn't got a clue about share dealing.
Nothing wrong with automatic trades.
Just a normal part of how a market works.
Look at any share, you get A trades.
I guess everyone awaiting the outcome of the strategic review, so we can see the plan on how to advance Cascabel.
Then maybe so of the idiots on here will finally shut up.
But then again because they are idiots, they will try to twist it and say things like, well they would say that, but they mean the polar opposite.
After all that's what they have been doing for over ten years now.
Nothing interesting here as per usual. After yesterdays chatter , we seem be on the same trajectory , with A trades running the show as per usual. What changed?
You may be correct addicknt.
Although we know the strategic review is open ended.
I suspect the conclusion is close.
I reason this because if it provides the way forward to advance Cascabel, then we are looking at a finance package to do just that and avoid just raising money to keep the lights on.
Q, anything is possible. I suspect the background of a new chairman may provide a clue...if we ever get one.
Morning addicknt.
Inst of being very strange, could it be that the company are doing exactly what they have communicated to us shareholders.
We are going through a strategic review in order to decide how best to advance Cascabel. (Ongoing).
We are delivering a PFS3 in order to have a start up with less capital outlay, and a quicker route to production. ( Achieved).
We are then going to raise the finance and build this on our own with a civil engineering team or with a JV partner. ( This is what the finance guys are for).
I predict our next appointment will be a person who has led a construction project, to coordinate the civil engineering form or firms that are required.
Who knows these conversations may already be taking place.
Yep still in …. Let’s see
AUCTION - Should be interesting.
Gl all
RK, I was thinking about their backgrounds, not the numbers.
We lost two addickt at the AGM
5 including the CEO isnt enough for a FTSE company...
But I think the Liu appointment is tasty and points the finger at BHP and Newmont...
Bramaderos is also mentioned, where we have inherited Cornerstones prospects...
IMHO it would only take one regional deal to reignite general speculation in SOLG...
How long before the market realises SOLG is at least as much a Gold as a copper play...and with the gold price showing better form than copper.
Finally, what Sandeep Biswas does with his new funds interest in SOLG could be a trigger.
If it takes relatively modest sales by Berry Street and MSCI to put the SP down here (instead of at least 14p, where it should be otherwise), what would steady modest buying do to the SP.
You really are clueless
Or are you just a desperate 🤡
Of course funds have been offloading that’s what being included in an index is all about.
Funds aren’t emotional 🤡 🤡 like you, they have weighting which they stick to and monitor in a daily basis.
There will be funds who have sold because Solg was being removed from the index that’s in investing for dummies, looks like you should go out and buy a copy, that’s if you’ve got any cash left to afford it………..
What conclusions can we reach from the appointment of the new people? (Although the announcement didn't specify, I'm assuming they are NEDs)
Why have we appointed two directors with a finance background when we already have Vujcic on board? The board composition is now heavily weighted towards finance. It's also dominated by NEDs with only one full time director. This is very unusual.
Do we need these people to help us over the line on a discussion which is currently ongoing? This doesn't seem likely to me as we've got financial advisors by the bucket load.
Are they here to provide introductions to new sources of capital? Again, I can't see it. We must know all likely players already.
Is something on the table which the board feels will require independent recommendations which the current board couldn't provide? In other words, we need NEDs who can lead discussions with current shareholders who may feel the board isn't acting in their interests.
Is Mr Liu a Jiangxi placement and the other fella is there as a counter-weight?
I think this development is pretty odd and, to my mind, there must have been a specific reason behind it.
The question is, will at least one TR1 turn up next week...?
There is no fund that is dumping and it's only coincidentally related to BlackRock.
This is MSCI
https://www.msci.com/
There is a global index called MSCI which is essentially a mining tracker fund.
If you look at Morningstar you will find there is a host of Mutual funds that are using the MSCI index. BlackRock is the largest licensee to use MSCI.
https://www.morningstar.com/stocks/xlon/solg/ownership
MSCI has announced on 14 Feb that after 29 Feb it would no longer include SOLG in its index, so that is what yesterday was all about.
My own view is that this will dramatically reduce the number of AT trades.
So there has been 15 days to unload the SOLG shares and yesterday was the denouement.
Let's hope we now see a much less volatile market in SOLG shares which better reflects the actual trading of institutions and PIs...
Hope this helps...
PS a stream of positive RNSs to come over the next few months...unless of course were bought by then...
Good find, very interesting!!!! China taking a foothold in Ecuador, will shake things up
If it was BR it would be good to finally have them off the register. It would also be highly amusing if some corporate action occurs in the not too distant and they are left with some serious egg on their faces.
Sorry Pad, forget to say thank you for the link - it's very interesting news.