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Like you said it doesn’t take much to move it at the moment
16.56...
Https://www.bnamericas.com/en/news/ecuador-expecting-to-conclude-negotiations-on-us3bn-cascabel-copper-gold-mine-by-year-end
"Ecuador expects to conclude negotiations on a production contract with Australian miner SolGold, the operator of the US$3bn Cascabel copper-gold project, in the next few months, according to deputy minister of mines, Juan José Espinosa.
We hope to deliver the good news before the end of the year," Espinosa said in a radio interview."
Https://www.mining.com/solgold-mulling-phased-development-of-cascabel-copper-mine/
"SolGold faces the possibility of losing Newcrest Mining (ASX: NCM), one of its top investors, within the next couple of years if Newmont (NYSE: NEM) (TSX: NGT) succeeds in its takeover of the Australian miner and brings those assets into the fold.
Newmont said on Monday it would seek to generate $2 billion cash in portfolio savings, including selling non-core assets, with the transaction.
Newcrest’s 10.3% stake in SolGold could be one of the positions the US gold giant may seek to divest."
"According to the pre-feasibility study published in April last year, annual production will average 132,000 tonnes of copper, 358,000 ounces of gold and 1 million ounces of silver during Cascabel’s 55-year life-of-mine.
This means the asset has the potential to become one of the 20 largest copper-gold mines in South America."
Oh God no. Red, I know you're keen to bury bad news, poppet, but we don't need links to month-old automatically generated claptrap from Yahoo finance. Even you are better than that. Come on now. It'll be motley fool articles about insider buying next.
Red, who is HH? Hubris Hunter on here, HH on Twitter? Do his tweets carry more or less weight than WI? Because he seems to tweet @WI weekly, but then ignore his comments and post long, rambling posts that predict RNS events that don't happen?
Celec saying miners will have to collaborate with them to build expensive energy infrastructure is very worrying: solg definitely not in a position to do this at the moment.
Https://finance.yahoo.com/news/31-stake-solgold-plc-lon-060459737.html
"Institutions' substantial holdings in SolGold implies that they have significant influence over the company's share price
A total of 9 investors have a majority stake in the company with 52% ownership"
"The general public-- including retail investors -- own 23% stake in the company, and hence can't easily be ignored. "
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.