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How soon is soon, Pad? Put a date on it or it's just meaningless ramping statements. You must have an opinion on the when- why else would you be sat in this share waiting for years like me? Do you agree with dg1 that it's before Christmas. Or end of H1 next year? Or 2025? Go on- be brave and then hope you're not wrong.
For balance, the majors you speak of have had months of this new, cheaper level to increase their holding and decrease the price they would have to pay if they fancied a TO. They haven't, so I think we can conclude that NCM and BHP are not thinking about solg much anymore. BHP have their own exploration office in Ecuador, but haven't increased staffing their since inception. Jiangxi have almost returned to their pre-dilution percentage (not quite) but seem to have ended their buying, and the other two haven't topped back up to 13%, seemingly happy at 10%.
"Tier 1 asset!" is the fall back of most of you guys. I wouldn't be here if I didn't rate the minerals in the ground, but remember that we're invested in a company that has bought the rights to explore, assess, develop and fund the construction of a mine. So far, we're only two stages in, and our exploration licence at Alpala is time limited. Our currently leadership have been bullish in their substance-light comms, but they're going to have to get down to some serious business if they expect the government to sign exploitation licenses with them and not someone else.
Oh and just to add 35-50p is without competitive tension - (just my estimate) we get into a bid scenario and we can exit a lot higher
yea i’d agree pad. indeed the article does serve as a timely reminder that discussions are ongoing and although we are not privy to every piece of the jigsaw it does feel as though the jigsaw is nearing completion.
a good few yrs back now i always thought that solg would jump to 70-80p as a circa final price from around a 35-40p base - indeed it’s why i didn’t cash in on the good few times we managed to get into that range.
my thinking is now 35-50p as it would seem the chinese want a bargain (obviously) and the majority of holders want an exit - and time and money constraints will begin to weigh on proceedings
i do think we will be all done and dusted here by xmas - and for the first time in a while i’m going to start adding some chunks of shares here with some surplus cash and a few rotated shares
recession is heading to the u.k. and aim is on its **** (i know we are not aim) there are not many plays out there which offer the upside i believe we can achieve here in the near term (6mths)
i haven’t been in this share for the yrs that i have to reach this later stage to not have a full and bristling holding
good luck all and have nice weekends
Articles on record refer to the construction of the Cascabel mine will commence next year.
Much will be happening if importance behind the scenes which are restricted through confidentiality and NDA’s.
Anytime soon there will be the mega RNS we all await.NM, with his circa 90m holding will influence having a proper return for shareholders.
Roll on Monday and don’t be deflected by the clowns from the fact that we have a tier 1 asset which the majors and Chinese want and the Ecuadorian government support for its development, never minding our first mover cherry picking of the premium tenements we hold which have the potential to replicate the Cascabel “gold mine”.
IMHO GLA
Roxi, that's precisely the point. It's ridiculous to assume SC is relying on engineering studies etc to deliver shareholder value and there's no way the company will continue with its current level of activity until the money runs out. Fundamental change is on the way and that last presentation was notable only for what it didn't, or couldn't, say.
Lots going on behind the scenes , we are not aware of or informed, nice update DBW
Agreed Q, a JV could indeed be on the cards, however my personal opinion is that this is unlikely. Time will tell but late summer things hot up here for sure. C
Good morning highflyingman in the interests of accuracy.
He said in the same presentation that should someone put up a sum of money that we would build it.
Hence joint venture on the cards
Great find DBW. Sounds like a strong commitment to progessing Cascabel soon.
Tesla.. 'we are mine finders not mine builders'
...End of.
Could be a quiet few weeks here until which way the elections are going before things pick up, still patience is required and time to top up. I've added another 250k to an already strong position.
Have a great weekend non trolls. C
‘SolGold has very good relations with the community. It has done very important social and environmental work in the area. We’re very excited that they can move to the production stage.””
Seems to confirm everything Quady has been saying all along, but then DBW you only pick the bits which tally with your ramping agenda…..no surprise there then……..
Thanks DBW a great find and bang up to the minute, such a refreshing change to the usual tit for tat nonsense that is now common place here due to a couple of trolls paid by LSE to generate post numbers,
Completely comfortable here even though the last 18 months have been somewhat frustrating following that climb to 40p. however happy to wait for the rewards, have a great weekend all
Great find DBW, thanks! That’s a good start to the weekend!
So with all the requisite permissions/licenses in place to produce……what will this be worth???
Seems the plan is to unlock the value then let the auction begin
Https://www.bnamericas.com/en/interviews/ecuador-looking-to-advance-mining-projects-before-govt-ends
“The government of Guillermo Lasso, which ends in October or November, is striving to progress with some mining projects so final decisions can be made by Ecuador’s next president, who will be elected August 20.
According to official information, only around 10% of Ecuador’s territory has been explored, implying significant potential for new discoveries.
BNamericas speaks with the energy and mines minister, Fernando Santos, about the status of some projects and other matters.
Santos says mining, in the future, will replace oil as one of the country’s main exports.
BNamericas: How far will mining processes advance during the remainder of the government?
Santos: We are continuing negotiations with SolGold so it can begin construction of the Cascabel mine.
We are analyzing with them the economic issues and the amount of royalties. According to the law, royalties must be between 5% and 8% of production.
It is believed that Cascabel is one of the largest mines in the world that is not yet in production, so there will be a very strong economic injection for the provinces of Imbabura and Esmeraldas.
BNamericas: Is SolGold planning to build a mineral pipeline?
Santos: That's right. They would take the material through a pipeline, which they will build themselves, to the port of Esmeraldas.
Cascabel is a project that will require an investment of about US$3bn, which we are looking at very carefully.
SolGold has very good relations with the community. It has done very important social and environmental work in the area. We’re very excited that they can move to the production stage.”
The good thing about having a short memory and a rampy heart (hi dbw 👋) is that you can forget all about posting that 16p was the bottom when the sentiment changes, and just spout about topping up at 13p! Must be nice to be that much of a simpleton
DBW, it’s a rollercoaster for sure.
I don't know about 12, but this seriously needs some good news, that's for sure. I'm guessing 13. If so I'll be buying heavily by my standards.
Then pick it up and stick it in your pocket….. every little helps
I can see 12p
*did care
Minor correction to Fort's ramp
Sharketmare, I know you are out of SOLG at the moment and that often affects outlook but seriously... do you really think Newmont are any different to BHP? BHP are much much bigger and yet they seem very interested in SOLG so much so they were trying to do underhand things with our BoD's to aid them in their quest to gain a Tier 1 asset on the cheap.
You are suggesting that Newmont don't care at all because they are $30bln + market cap yet BHP who are 150bln market cap clearly do care.
mmm. I think you've been smoking those "I'm out of SOLG and on the sidelines cigarettes"!
Since your little snark earlier, we're all out with a 91 run deficit. Mercifully I don't actually believe I'm jinxing things, but my point remains.
Sorry to anyone saving today's action for the highlights. It'll be a quick rundown of the England tailenders....
Why would NaL, who either is or pretends to be Australian (and can't spell, by the looks of it, but that's academic) want to avoid jinxing the England team, which is what I was accusing you of? Are you a bit simple, Pad, or are the accusations of day-drinking levelled here accurate?
Not a chance
Are you responding on behalf of needalife, Agar or more likely, you just forget to switch usernames?