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Why does it need repairing?
If they want to buy us the will want to do this at the lowest price possible. With the size of resources many dirty tricks will be played.
Try to keep them on board but don’t pander to them. They are not your friend . They want it as cheap as possible, it’s as simple as that. If someone else also wants it great, then butter them up to push the price up that’s when you want to be their friend.
Currently who cares if we upset them. They only got upset because we weren’t going t play their game of get us for the lowest price.
As I said in my post - they didn't vote against, which they did with Mather et al.
SM, no, I will continue to post my thoughts and observations. You don't like them, don't read them.
I do not believe that the relationship with BHP has been repaired. Last year I was informed that if we voted out the BOD, then we would be playing into BHP'S hands. That statement indicated to me that the BOD still regard BHP as a threat and not an ally. I still have that email which I do not have permission to share.
Where is your evidence to support your assertion that the relationship with BHP has been improved, made better?
SM, I think SC has managed to repair some fences with BHP. In fact he must have done, otherwise they'd have voted against him. As far as Newmont is concerned, we were starting with a clean sheet, so hopefully he's managed to get them onside.
Morning addicknt, given that when the CGP crew took over they sanctioned that Sangha article (there is absolutely no way a hired advisor goes out and says that without the CEO's blessing) in which he trash talked BHP and NCM, even getting BHP to abstain is pretty good going.
FWIW, given their public statements I think it more likely that Newmont abstained if one of the big 2 did so.
HereforHemo thank you for some nice post, make good points in a constructive manner and polite.
Please can we have many more like you on here.
Have a good day.
SM, to be fair we can't know whether BHP voted in favour. Holders of 1bn shares abstained and I think we can assume at least one large holder was amongst them. Mind you, of those 2bn who did vote, 99.9% were in favour, thus overwhelmingly confirming his mandate to pursue his strategy.
"and the current chair warmer of a ceo we have has so far failed to repair the relationship with BHP"
The same BHP that voted to reelect him as a Director at last month's AGM?
Give it a rest, Eloro, you're sounding more ridiculous by the day.
Subby for your information there are three majors invested, BHP Newcrest and Jiangxi. What I would strongly recommend if you're thinking of investing in SOLG is to pay no attention to anyone on this board and do your own research. It's pretty toxic on here, as it is on most boards where people have lost a large part of their initial investment. You have people overly positive because they're overly stretched and under pressure and those who are overly negative as they're bitter and resentful. In short you won't get any balanced option as to whether today's price represents a good risk vs reward. In short, if anyone uses an LSE bulletin board as a basis for investing I can guarantee you one thing, they'll lose money.
Sadly Subby, previous management have managed to alienate BHP, managed to have $4M gone mia, and the current chair warmer of a ceo we have has so far failed to repair the relationship with BHP. Hence, we are paying the price for their mismanagement of the company. Why, even the über ramper has accepted that it will be several later generations of his family that may see the benefits here, assuming Ecuador don't nationalise the asset because we are failing to meet the agreed work schedule.
I would laugh if I wasn't invested here. Silly me thinking we have a tier 1 asset and majors would be biting our hands off for it. Oh no. We have been reduced to guessing what next, blaming posters instead of holding management accountable.
Needa, you say 3rd attempt to sell the mine? I thought alpala was a tier one resource? Why 9s it hard to sell? BHP billiton hair millions invested here don’t they?
1984, I did watch Willem's video and I agree with you.
However, like Warren said, there has been many comments about the copper deficit, but has yet to see the resulting demand. So, I will hold off celebrating, ordering my mid-life crisis car until events actually take place. We have been expecting a TO, a corporate event here for several years now, and we are still waiting. Heck, folks have had to resort to passing off old articles as current to try and breath life into this dead dog of a share. We have a useless ceo running the show, one should not underestimate his ability to muck things up even further!
😆 covgaz, you are no Billy Shakespeare 😆 😂
Subby, nothing has impacted the share price of late.
in fact taking everything into consideration, it's holding up fairly well, compared to some others in ecuador.
STM in particular.
the SP has been in a steady decline for many many months. 18 months ago it was around 30p,
if you look at the charts its been in a steady decline ever since.
recent events haven't helped, but they have not been the catalyst some on here now claim.
by the way, those same posters who blame the violence, 6 months ago claimed it was a storm in a tea cup.
I suggest if you want a more balanced view of solg, you look at hotcopper.
also it's worth noting this is now the third attempt to make the mine sellable.
I believe the first two attempts were carried out by experts, they didn't work, so this latest
attempt is being carried out by solg themselves.
I leave you to draw your own conclusions.
just take the time to look back on some of the mining experts on this boards posting history,,
I think you will find it enlightening
Subby probably two things have impacted the SP of late.
Firstly, a lack of news whilst investors await both the revised PFS and the strategic review. This has led to a low trading volume and increased volatility.
Secondly, the recent violence in Ecuador has certainly spooked some investors. You ask the cause and I'll try to explain what's behind it. I could simply say cocaine but it's not that simple. Ecuador is an attractive shipping port for drugs because its sandwiched between two top cocaine producers, Colombia and Peru. Furthermore they are the world's biggest exporters of bananas, meaning large containers are regularly shipped to the US and Europe and are perfect for hiding drugs. Furthermore two Mexican cartels have ensured Ecuador now account for 30% of the cocaine shipped across the globe. These cartels (who recruit the local gangs) are behind the violence as they fight each other for control of the territory. Its compounded by the Mexicans changing from paying the gangs in cash and now paying then in drugs, which in turn increased the violence. The current President of Ecuador. Daniel Noboa has designated 20 of these drug trafficking gangs as terrorist groups and authorised the military to 'neutralise' them, ie a shoot to kill policy. Its important to note the areas affected do not, and have not, affected any mining operations and as SOLG are doing minimal work at the moment, it wouldn't have affected them anyway.
So in summary, some are concerned and have moved on. Most are waiting for news on the revised feasibility study, which the company have said will be 'early Q1' and the strategic review, which is open ended but I assume will come shortly after the PFS.
i don't think for one minute mitsui will be looking to bid for solg.
i've worked for the outfit via the bab**** section, albeit younks ago, but i do know a bit about them.
they are indeed enormous and one of there big wings is engineering, including turnkey type projects and mining infrastructure etc. if they've got any interest in solg, my guess is it's more because they can provide services and would like a fat contract.
of course, wheels might be greased by taking a chunk of the assets in return for a few million.
Hi guys, is there any particular reason that the share price has tanked this last few month. Is it due to the unrest in Ecuador? Is the army involved or who exactly is at war and what’s it all about? Thanks in advance
Eloro, have a listen to the middlekoop video i think it was ortherncopper posted earlier
He speaks a lot of sense and he suggests the turnaround is any moment now and probably q1
Everything he says is spot on. Also we have two year swaps under 3% now so it’s clear internet rates will drop quite fast.
Unless WW3 breaks out (and we have to conscript Quady to bore the Russians to death), things will start to come good pretty soon
Hold, top up
A polished tarnished blade is the most valuable.
Eloro , regardless , you're a bore and very depressing. As if the sp wasn't enough pain , we have you're sh*te to read .
Thank you 1984.
There is a Klingon saying Ship, one cannot tarnish a rusted blade. I cannot trash a company which has already been trashed by the dismal performance of the ceo. If positive posts were all that are required to make the SP aright, the ramping from so many here would have gotten it to the £1.20 being bandied about here so frequently. Why don't you ask BBG why he is trying yo pass off a 2 year old article as if it was published yesterday? Trying to ramp the SP.
He can no more “trash the company” than any of us can on here. Posts on LSE have exactly 0% influence on the share price of this stock
Eloro, can I ask why you think trashing the company is good for anyone?
"The Japanese are my bet - Mitsui"
If it was I who posted this little ditty, I am certain that the self-righteous bundles of pomposity would have me tarred and featured by now 😆 Clearly only ramping is allowed to go unchallenged here!