Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Mog ,I did say this before and got slated for it ,I can see it and a few others could it's just a matter of time which imho is very close hence we need news asap solgold
China has proven itself to be perfectly content to invest in unstable countries - you've only got to look at some of the basket cases in Africa for proof. They are the personification of long term investors and are working to a global strategic plan which puts us in the West to shame. I very much doubt they'll be put-off by the events of the past 24 hours.
Could be worth selling now and buying back in at 5p at this rate guys š¤·āāļø
Mog,they gonna get this on the cheap imho
If you look at Peru, Colombia, Venezuela, Brazil, Chile and so on... all these countries seem to flip between far right to far left and corruption/volatility is central to their governments.... sad but true. Yet look at all the super major mining companies involved with these countries. It's just par for the course. These countries need the international miners and vice versa. That's how it has been for decades and decades.
To suggest that the likes of China or some super majors will not be interested in Ecuador because of the political uncertainty is naive at best. It's baked in. All super majors are well used to dealing with these South American countries. And let's face it... they don't have a choice. Mining in and around Russia looks a no-go area now. Metals are high demand and shortages loom around the corner. Where are the majors going to go to get their copper? Where are China going?
So I don't buy the sudden negative spin. It's already baked in. If we were mining in Australia we'd be Ā£3bln market cap wouldn't we. Instead we are scrapping Ā£500m on a good day. Why? Because we have an asset in Ecuador and the market has already discounted the price because of it.
Finally, it's well known that Alpala will be a 5 decade long project for whoever takes it on. In that time, it's likely you'll see at least 10 to 12 presidents or 10 to 12 major political changes.
Mirador has been producing through several changes of political powers and all seems fine there. Chinese heavily involved there to so well aware of the risk. Not to mention the historic FTA signed recently.
Will recent events affect the SR process?? Possibly ... but that might be for the better as interested parties might just decide to get this tied up before new gov comes into power. Possession 9 tenths of the law etc etc.
Plenty sniffing around Ecuador so no wonder it's seeing certain entities trying to secure powerful controls over the country and that includes the US and Canada.
Have a read of the below
https://canadiandimension.com/articles/view/as-lasso-flails-ottawa-pushes-for-more-canadian-mining-in-ecuador
"I'm sure you guys can work out where the copper will come from"
My guess is they will mine it. Am I right? Eventually some metal from one of our concessions might get to them, but I think the line is a bit more wiggly than "article highlights need for copper, state buys out explorer with rights in Ecuador"
Https://www.fastmarkets.com/insights/china-new-copper-smelting-capacity
This bit is great
ā[But] the main question will definitely be how Chinese smelters will secure the raw materials to āfeed their new mouthsā,ā he added. āThere are not many new mines in the pipeline.ā
I'm sure you guys can work out where the copper will come from
Need to put some news out imho
Sorry one last post. I'm also in stm. Also exploration company in equador.
They're up 3.5% today. So it's not all equador companies, just the ones run by mather. Goodbye
Bbg, fdyjn, padmaster.
Just picked up my infesters bonus, and Blackrock reckon I'm the best stooge they've ever had.
Goodbye, and dream on
SM. SLIGHTLY RESENTFUL.?????????????
I agree that we can't blame Caldwell for the political unrest. I am slightly resentful of former management slowing the development of the company down and not marketing the asset earlier, whilst Ecuador was comparatively stable and had a mining friendly leader who wasn't facing impeachment charges. The political risk here now is substantial and even the analysts who do this for a living have no idea how this is going to play out.
It's going to be tough for SOLG to obtain the exploitation license and reneg the IPA with all this going on, and as Bozi points out no company in their right mind is going to stump up billions with elections on the horizon which could result in a much less favourable environment for foreign investment.
On the plus side - and this is a very generalist comment - the hard left in South America do tend to gravitate towards Chinese investment over 'the West'. The chips might fall quite nicely for Jiangxi taking over or JV-ing Cascabel.
The direction of the company has not changedā¦ I agree. I donāt believe we will test new lows.
However with the SR no where in sight, and no exploration taking place, there seems no positive, share price increasing news on the horizon any time soon.
Solg will probably just continue to drift lower, as is traditional on no newsā¦ and certainly on uncertainty surrounding the Ecuador government.
However you choose to look at things unfolding over thereā¦. Itās not value enhancing, or sending any positive signal to anyone Solg wish to pull in to a multi billion dollar monetising event that would need government approvals. Political stability is needed for that.
We'll see. I am just very frustrated. Board feathering its nest while we see our investment going south. At the end I topped up as the assets are still there and I am hoping to be proven wrong regarding the current management
The direction of the company hasnāt changed.
Weāve seen hundreds of ups and downs over the years .
Itāll pass
Magoo, does that imply you don't believe the new team will be any different? If so, I think you're wrong. They need to be given time.
Markets in general seem so sloppy. News on Lasso came out at 2pm yesterday and the sp didn't budge much at all. Slight move down at 4pm but seriously.... 10% down the day after is like the Market missed it yesterday.
Or today's effort is a bit fake. Yes there are risks but it's going to be 90 days+ before elections even begin to get underway. The market was already pricing in some hesitancy at sub 18p with the Lasso Impeachment shenanigans.
Markets bit slow to the ball these days.
Indeed I did, hands up.
But I still made money and I'm happy with where I am.
I still think we're miles off a sale and expect the trend to continue downwards, as it was before this news.
In which case I'll keep adding.
Well done anon. You missed the move to 22 but managed to save yourself 0.88p a share.
Way to go.
@addicknt obviously the political situation is beyond anyone's control but communication has never been the company's forte. I'd buy more if I trusted them to deliver in the near future..
For a few and looking to add.
I knew I'd get a chance to get back in lower than my previous 16.8 average.
It's the Solg way and the money is to be made with the ins and outs, not waiting forever for a sale that is still years away, imo.
Adickt. I don't blame him, certainly not. My point is. It's just another worthless statement, from the solg long list. On another point I think padmaster can dispose of his infesters hysterics. With the sp in free fall. There job is done. Those Blackrock stooges can be made redundant aswell
Bozi,
No not at all, this is what a BB is for, to discuss your investments with others and look for pitfalls. Doesnāt matter if they have a different take on things, thatās their prerogative, so you listen and discuss to see how they derived at that opinion.
I have no problem with that, but when you have someone goading others and bashing Solgold sometimes with misinformation, then thatās the time to ignore in my opinion.
Atb
NAL, so you blame him, do you?
Just bought back in at 16p, thank you sellers