Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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https://m.youtube.com/watch?v=knXIt1Vqxhw
Solg presentation from Friday
GLA
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
Like the way Scotwell keeps saying cost effective manner - at bloody last - he seems to be the CEO we always needed
Thought Scott was great and nice tip of the hat to Mather. Happy families.
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
Scotwell should read Scott Caldwell
Thanks Pad
Very interesting
In the meantime we’ve crept up to nearly 10m traded
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.
Add ….. but I think you’ll still find they were right all along lol
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"
DBW, absolutely! Never doubted them!
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..
The difference for me, was his background and confidence
Otherness the point is that it hasn't been said publicly by our CEO before. As such it's a big deal.
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
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.
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.
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??
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.
This is the pre pdac show
Anyone know what was presented today as equador day
At pdac
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.
Yada yada yada replace Scott with Mathers let's say about 4 years ago and he was saying verbatim the self same thing and yet here we all are I exactly the same position we're pretty much at the turn of the decade. This will deliver but at the moment the carrots are on a very long bungee rope! More patience I fear possibly 4 to 5 more years
Key points I took from presentation
- interim CEO has 19million shares, invested since 2016 so has skin in the game (yes he also got shares as options but fantastic that he has purchased himself previously)
- states twice' we are mine finders not mine builders'
- confident and gave a 360 view of company, tenanaments, CSR
- gave confidence that he and others attach significant value to the likes of Porvenire
- repeated several times Ecuador are issuing no more tenaments so if you don't have one, your not going to get one... This bodes well for some value to be attributed to the 70+ tenaments also
Overall I was impressed and more than happy with my investment overall..... Just (like everybody) getting a bit impatient as to when jam tomorrow actually is!!!
Personally Novice, I think he was much better than Nick from a presentation perspective... nick always seemed to lack energy.
Agree nothing majorly new from a discovery or update perspective but he gave a better overview of the company as a whole I think
Cheers Pad,
Was lookin for this vid all day yesterday but they wouldnt release it.
Anyways - great stuff
Comes across v competent and assured as a CEO should.........
NOT building mines lols - reiterated again - NOT building a mine
Well couldnt be any clearer than that could he eh?
ATVB
BN.c