Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Lovely drop, this thing is getting so predictable. Back in at 16
Personally I always enjoyed inputting the rampers predictions into my calculator… this other crowd are just no fun to be around…. BNC forever!
Tesla - Still trolling a BB of a stock you don’t own!
Ftjny. Now that you've been shown once again what a clown you are. I expect we will be hearing about your trusty filter bin and how many you have in it. That's your usually pattern.
Yaaaaaaaawn
Addict. This board will infer 100 different scenarios. Most of them more crackpot than the last one.
And as for you posting that the government are not that dumb to not realise were running out of time.
Have you thought that maybe they're brighter than you think. And are very well aware were running out of time. They've been stalling for 2 years, only 6 months left on our licence. Maybe not so dumb
I suppose the interesting part about the presentation was the number of times he said he couldn't comment. In other words, what he didn't say was far more interesting than what he did say.
I'm not sure of the relevant Stock Exchange rules, but it's normal for a company which has publicly stated it's undergoing a strategic review to announce if that review has drawn a blank. In fact, I think they are obliged to do so.
What can we infer from this?
How often have I read that “not long now solgers”
4-5 years
Keep on dreaming yaaawwwnnnnn
I know in the oil and gas sector that the explotation license replaces the exploration licence and different rules apply.
I think the biggest problem here remains the geopolitical instability and obtaining investment protection/guarantees/licenses is paramount
“He also highlighted that Ecuador is a very rich country in copper like Chile and Peru, the two main world producers, and that it requires large investments that the State does not have to build the mines, such as Cascabel (5,000 million dollars) and Llurimagua (7,000 million dollars), both in the northern province of Imbabura.
The two consultations will be voted on Sunday August 20, coinciding with the extraordinary general elections. EFE”
https://www.swissinfo.ch/spa/ecuador-petróleo_el-ministro-de-energía-de-ecuador-ve--un-suicidio--prohibir-explotación-petrolera-y-minera/48624506
This is where the Chinese hold the aces ….. the Ecuadorean government is already massively indebted to them.
I think this is why Solgold is looking for an open cut to later convert to block cave for around the billion mark.
So that we can start construction.
After all we have less than six months.
I am unsure addicknt.
That's why I was recently asking if finance had to be in situ in order for an explotation license to be granted.
Thanks, Q. So what happens if we're not in a position to move to the exploitation phase?
As you say; something's got to happen this year.
Its part of a RNS on 13th May 2022.
Quarterly Financial Report and MD&A
13 May 2022 07:00
RNS Number : 3668L
SolGold PLC
13 May 2022
13 May 2022
SolGold plc
("SolGold" or the "Company")
Quarterly Financial Report and MD&A
Just found it.
On 3 January 2022 ENSA received approval for the two-year extension to the Economic Evaluation stage of the Cascabel license. This period shall expire on 3 January 2024 by which time the Company shall convert the current approval into the Exploitation Agreement with the State.
Q, I think you're right. I would also assume the subject of ownership and ability to deliver are very much on the agenda of the discussions with officials. I'm equally certain those officials aren't dumb enough not to be fully aware of our situation.
Addicknt if I remember correctly doesn't the exploitation license have to be in place by January next year, as isn't that when our exploration licence we expires.
So either we start construction, a JV or it's sold by then.
It's interesting that various Ecuadorians keep mentioning us breaking ground next year. It simply ain't gonna happen. Who gave them this impression and why, given the circumstances, do they persist with it?
Loving this quote from Friedlands presentation “My fear is that when push finally comes to shove copper can go up 10 times” Probably overstated but certainly indicates the direction of travel for the price of copper! Perhaps it’s no surprise then that Solg have several signed NDA’s with interested parties poring over Data! Not long now Solgers!
“Three mining companies that operate in Ecuador will require installed capacity of around 1,000MW of power when they start production and the country's electricity authorities are looking for ways to meet that demand.
The CEO of state power company Celec, Gonzalo Uquillas, told BNamericas that the energy will be required when the Warintza copper-molybdenum project, the Cascabel copper-gold project and the Cangrejos gold project start up.
The government expects Australian miner SolGold to break ground on its US$3bn Cascabel project next year, while construction of Canadian miner Lumina Gold's US$925mn Cangrejos project would start in 2025.
Warintza, meanwhile, is expected to move from initial exploration to the advanced stage in October, Ricardo Obando, country manager of operator Solaris Resources, said during the CGS 2023 copper and gold symposium in Quito.
The Celec chief executive added that a commercial agreement could be reached with Vancouver-based Solaris to develop an electricity generation project, financed by that company, to meet its needs.
The same model could be used with the other mining companies, he said.”
Fortissimo. Your post.
"If a super major took a dart at SOLG then the outstanding IPA / Exploitation agreements red tape stuff would just get signed off as part of that deal and if they don't then the major player walks away. Lasso wouldn't let that happen."
Correct me if I'm wrong. But lasoo won't be there to not let it happen. So you have just based another of your BS essays on pure fabrication.
Not even assumption, purely bs.
And as for all of these agreements being signed by year end. Keep in mind it's solg saying this, they have now been trying to get them for 2 years. Then keep in mind some of the many other things solg have said are going to happen. Then keep in mind how many actually happened
Oh, and you need a bunch of chinese kids to play on the Internet and bash various forums to dent sentiment and generally put pi's off as retail investors can be pain and send share prices rallying away from 17p levels if they get a sniff of excitement. The greenline brigade probably cleaning up fish guts from the market stalls during the day...
If a super major took a dart at SOLG then the outstanding IPA / Exploitation agreements red tape stuff would just get signed off as part of that deal and if they don't then the major player walks away. Lasso wouldn't let that happen.
SOLG specified a while ago that they still require various land purchases which involve relocation of various locals. Outstanding land issues (obstructive ones) are often the things Super majors dislike but Chinese are not so worried. The latter wouldn't have bought another 1% in SOLG shares if they were overly bothered about anything related to SOLG. I reckon they'll string out discussions for a while yet while they grab another 1% or more. Remember, every 1% ownership in SOLG is in effect 1% of Alpala. Franco took a profit share of 0.5% for $50m. The chinese recently bought 1% of SOLG (30m shares) for approx £5m. They are well happy mopping up stock by looks of things so why would they rush?
If future take out/bid prices are near 52p levels (that's cheap) then buying as many shares as they can without causing major share price rises is the name of the game for them. Why pay 52p when you can pay 17p?
They're absolutely not a blocker.
Anyone who had reason to believe the IPA was likely could use this time to make an opportune offer, but they know it likely won't be considered.
So they'd rather wait for the insurance which will be better received by their own shareholders.
The issue with where we are now is that If SOLG gets the agreements signed without delay then shareholders will expect an offer immediately, and they may be disappointed all over again.
The question we should be asking ourselves is whether there is much lower fruit on the tree.
Good question and I'm of two minds.