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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Kohaku01
You can see the full presentation for today on the SOLG website. It's slightly different to the pre PDAC with emphasis fully on Ecuador as you'd expect for PDAC Ecuador day.
This is the pre pdac show
Anyone know what was presented today as equador day
At pdac
It depends on your perspective Add. One would hope that was a strategic play. In fact, we were told it was right from the very start.
SharketMare
He didn't have to say he had limited contact with chinese, but he did. I took that as sending a message that he's currently not the one doing the negotiations which we know is down to Maxit and Bob et al. It also smartly negates the need to update the market that we are in extended talks etc etc etc. Just an observation but I think he was trying to make sure that SOLG do not break any rules. Remember, BoD's have a duty to inform the market on many issues of shareholder importance.
And lest face it... he's hardly going to say .... I've built a strong relationship with chinese and they are very keen .... is he??
SM, the fact we had too many tenements was never in doubt. It was simply a question of how long it took for the company to acknowledge the fact.
Was surprised to hear him say he's had "limited contact" with Jiangxi since they came on board as investors. Pours water on my hopes that they were going to be taking Cascabel off our hands.
Agree with Orthern that he was a bit fluffy around exploration - that slide with the 5 priority targets had clearly been knocked up pretty quickly (as had the Corporate Update slide at the start) and he said they might change over time.
On the whole though he seems like he means business. It feels like the 70-80 tenements we hold are too many for us to explore/manage by ourselves. With the mining cadastre closed off, it shouldn't be too hard for us to find partners to start exploring some of them alongside us.
Going to production malarkey been put to rest - remove it from all literatures - end game is nearer than ever before / ambiguity removed. Going to production my a*se!
GLA
Otherness the point is that it hasn't been said publicly by our CEO before. As such it's a big deal.
The difference for me, was his background and confidence
To be fair, there was nothing of any substance in this presentation at all… lots of generic fluff and repetition..
Nothing at all about restarting any exploration… yeah, he said we are explorers not builders a few times, but so what… everyone with just half a brain already knows that..
so we are still just an explorer, currently doing zero exploration, and with no specific near future exploration plans announced. It was just the same tired once over, of a presentation we and everyone in that room, have seen many times before..
DBW, absolutely! Never doubted them!
I bet quady is gonna appear and say "well of course because you out source the building of it. We're still going to production"
Add ….. but I think you’ll still find they were right all along lol
So we're not 'mine builders'. Well blow me down! Who'd have guessed?! I think this may come as a bit of a surprise to some people.
Thanks Pad
Very interesting
In the meantime we’ve crept up to nearly 10m traded
Scotwell should read Scott Caldwell
Scotwell to spend 59% of his time in Ecuador and speaks Spanish plus he looks hands on - cost reduction, efficiency and streamlining - he mentioned Nick was sitting nearby him when he made the presentation
Thought Scott was great and nice tip of the hat to Mather. Happy families.
Like the way Scotwell keeps saying cost effective manner - at bloody last - he seems to be the CEO we always needed
Scotwell said "we are mine finders not mine builders" plus no new tenements to be issued by the government if I heard him correctly - very interesting
https://m.youtube.com/watch?v=knXIt1Vqxhw
Solg presentation from Friday
GLA
The Italian
As is so often , the voice of reason
198, what is your grudge, really, and what is it that you win?
There is only one thing to win, and that is based on the level at which one buys and how the price moves.
Live in peace, or leave in piece, but mostly leave us be, we have been around this share and suffering long enough to really need another angry poster.
"you sounded ridiculous".
You've read their posts, right? Just checking. And I'm the one who sounds ridiculous? Okay...
I've read the room. It's full of rampers and their hype men. Which are you, out of interest? They are really, really easy to wind up. Particularly when their baseless ramps get disproven. Last week we were 'off to the races'. But we never broke out of our 6m channel, and now we've lost a few percent, because nothing's happening.
And yes, you're probably right that I win whichever way. I get a tasty profit if a TO comes in soon, or a tasty profit and the satisfaction of being right if it takes until next year. And if it doesn't come, the rampers are even more wrong. It was a pretty easy position to construct, and a delightful place to sit now. Happy days.
and repeat after me: "I don't know s***".
Don't worry, you are in good company, right now especially we all know s***!