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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From HH on Twitter...
"A reminder for the $SOLG retail base, it trades around 2.3 million shares average daily volume which is roughly £360,000 a day. Not even a 2 bedroom London flat in Zone 5. 30% is the free-float. A buy or sell for £100,000 can move this +-3% easily. Just a highly illiquid stock."
and
"Other day, Ecuador’s State owned Celec quoting CEO Gonzalo Uquillas said they will have build 1,000 MW of installed capacity which will be used by the big 3 mining projects including Solgold’s Cascabel kick off in 2024. A lot of fresh press pointing to action."
Durini also said this "[State mineral company] Enami also has preferential rights and could seek mechanisms to advance exploration in joint ventures with other companies,"
Lol Red no
You must be joking DBW, you are one of the most abusive and snide people on this forum.
Interesting, Mog. Did BHP mention solg or was that the writer?
"Diversified miner BHP is among the frustrated companies keen to invest more in Ecuador, given its exploration focus on copper and nickel. The company is one of the main shareholders of SolGold (LSE:SOLG), which has the large Cascabel Cu-Au deposit and its Tarqui exploration project. "There is enormous uncertainty about where copper resources will come from as we are not finding new resources, and existing resources are declining. We hope Ecuador can take advantage of this opportunity," said head of corporate affairs Rodrigo Darquea.""
https://cgs2021.substack.com/p/cgs-july-2023?utm_source=substack&utm_medium=email
Surely not Addickt?
Here’s a clue … N, Z, A, T & Q
Bozi I think you missed my point
Sure some jump on folk for posting negativity…. Not myself
But on this board there are 5 morons ( I’m sure you know who) who do exactly the same when anything remotely positive or informative is posted
Add - it was your post that I didn't quite agree with but I wasn't having a dig back at anyone really, just making a broad comment which DBW picked up on as well.
Which courtesy is that DBW?
The right to remain positive? If so, of course.
But you've got to consider that we're not sat here saying "why don't the positive folks buy more".
Instead, it's those who harbour concerns who are being dismissed as non shareholders, liars how having lost the plot.
Maybe I have. It's certainly been maddening enough at times this one.
XIB still shown as 0.5% short...
Point taken Add.
I have ignored the serial pests like NAL and their posts are just more to skip over.
I like Warren and value his comments which gives us a snapshot of the situation on the ground as opposed to not being able to comment because of the SR with no end in sight.
I agree Bozi …… in which case those of us who remain positive should be afforded the same courtesy no?
I’m sure you know that remark was a general one and not aimed at you personally.
I’ve always thought this would be sold and if anything I believe it more now than ever . It’s my opinion ( right or wrong) but watch out for the abuse incoming whenever I air this view. I’ve never disclosed my holding here / whether I trade a few or when I think this will be sold but happy to wait this out. If for one second I believe they would attempt to take this to production or take a minority stake in a JV you won’t see me for dust …. Best wishes DBW
Eloro, there's a difference between those like you who raise some reasonable concerns and are quite clearly shareholders, and those who are obviously not shareholders and are here for whatever weird reason. Additionally, I assume you can see my point ; if someone posts something which outlines x number of reasons not to hold, why on earth do they continue to do so if they believe they'll never get a return? I know I wouldn't.
Bozi, assuming that was aimed at me, it was an uncharacteristically pompous comment.
Well said Eloro. I wasn't going to dignify that with a response but you make a good point.
There comes a time where "thinking that something positive ought to happen" is no longer enough.
You can try and grab the positives in everything and be potentially disappointed, or you can look at things with a dose of realism and pessimism and be nicely surprised have have your expectations surpassed. I know which I prefer
Lol 23 to 110 in 5 months
As opposed to Solg
45 to 16 in 5 years of your ramping.
Comparing apples and pears for your ramping agenda but what’s even worse is you are quoting yourself and making it look like it is written by a 3rd party, what a disgrace you are.
You have zero integrity in your desperation to claw back your mounting losses.
I seriously doubt Solg will ever reach the 40s again, different world different markets, financial backdrop completely different to when bhp invested.
They know they can take as long as they want to complete this transaction that’s indeed if they even want it anymore
Correct AgArCu. It's not remotely comparable.
The post Redknight has copied is poor. It doesn't take account of wider market conditions or any of the risks.
Copper prices look set to be low for the foreseeable as global growth slows down. Gold will meander about but will be prevented from reaching the highs that many analysts have been predicting for some time now.
In short, a competitive bid process isn't likely to materialise. Jiangxi have been on the scene for some time now and neither of the big shareholders appear to be remotely flustered.
Hopefully SolGold can keep the plates spinning out in Ecuador long enough. That's what this hinges on.
I'd still be in favour of a Cascabel sale and regional spin off if we could get some assurances that the regional properties and prospects can be honoured and protected going forwards. We've barely scratched the surface.
Add, I am heavily invested in solg. Therefore, I have no reason to talk the company down. I want to see it sold so that I can move on. I admit that I bought more when the Fast & Smart statement was made. Here we are now with a major shareholder giving us a glimpse of what is likely going on in the background, we are not getting any information from Scott, and we are left having to read into Warren's comments.
June 22nd PI left me feeling that Scott has moved to Ecuador so that he can get his snout closer to the trough, and that he is in no hurry to sell solg. SP went from 41p to 16p and folks aren't allowed to voice their disappointment without being labelled?
*two
Ah, Noront. Owners of a difficult-to-mine concession in Ecuador, I believe? No? I must be mistaken. Easy to confuse the too, given the metronomic regularity with which rampers bring it up. .
"To read some of the stuff these blokes post you'd believe the company has nothing going for it, is in the hands of someone who's totally clueless and will be bust in a few months times"
The company has something going for it, but our main asset is useless if we can't monetise it. Having a load of bitcoin on a hard drive you've lost doesn't make you rich.
SC can't be clueless, but Bob has certainly shown himself to be less astute they many hoped. Market didn't like the merger with cornerstone: let's hope it finds something to appreciate in the SR.
I don't think we'll be going bust anytime soon, but an honest and realistic look at the medium-term will tell most sensible people this isn't the get-rich-soon stock many have been saying for years.
As for why I'm still invested? I'm in at a good average, I don't need the money anytime soon, and I only gamble what I can afford. Not convinced I'll make my money back, but not fearful and underwater like many.
From 't'other side'....
"Hi sean...nobodys going to bid £1 billion...the transaction will be in dollars and it will be xp a share based on their valuation but...
Unless its a knockout bid, who wants to be first as that will provoke a bidding contest if its too low...
Whats too low...? Anything less than 40p because the SP has hit or broken that 5 times in the last 5 years.
Also people are overlooking the properties/relationships that CGP have brought to the table, e.g. Bramadero...
Plus the incremental value of owning 100% of Cascabel...
Jiangxi and Mitsui have made clear their interest; BHP and NCM have never walked away.
And there are 'several' parties in the data room.
Finally, this is not just a copper play. When gold gets rerated you will see this SP rerated pro rata (if we are still independent by then).
So I stick at my view that £1 will be necessary to take this out.
Remember Noront? 23 to 110 in 5 months...
Analysts ratings are 40.11; 44; 65; 70; and 84.16
But all of those are 'sum of the parts' not pricing for a bid..."
I see our resident Eeyore community is growing ever more pessimistic. I can't help but wonder what sort of lunacy is at play when an investor gives compelling reasons - to their eyes- not to remain invested and yet claims still to be holding?
To read some of the stuff these blokes post you'd believe the company has nothing going for it, is in the hands of someone who's totally clueless and will be bust in a few months times. Set against this backdrop, who on earth in their right mind would retain their shareholding?
There are two options: they've either completely lost the plot ,or, they are lying. Of course, a combination of both is quite probable.
Interested to hear who else people think would be in the running for a future TO, apart from Jiangxi? If Warren doesn't see western majors acquiring copper companies and building mines, who will do it? Or is this be a one horse race? I imagine this explains why Bob was wrong with 'fast and smart'- the appetite isn't there.