Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Corporate update. Nothing earth shattering, but we are nearing completion of the PFS and the SR is continuing.
Eloro, sorry to say the RNS disproves your theory about SC remaining in Canada, and it's good to hear he's having 'productive meetings' with government officials.
I imagine this announcement is a response to shareholders requesting an update on the recent unrest. What appears to be clear is that life is continuing as normal for SC and the relevant government agencies.
I am pleased that PFS3 is nearing completion.
However I do think as it's nearing completion that they could have at this stage given us a date or date range.
Some chairs were rearranged in the Exec Boardroom but essentially the ship is still listing and the waves of social unrest are lapping over the deck. Hard to see SOLG as other than a salvage job where we lose even more money.
My reading of that RNS is it is mainly for the board shuffles…. I agree with Quady, the lack of any expected date or close timeline disappoints.
The other info is extremely vague just filler… we have our exploration team continue doing things at Blanca Nieves.. and we expect them continue to do the things over the course of 2024.. probably just a few people doing basic rock sampling..
Meh… nothing to see here really… we need that PFS..
Thank God for small mercies Add that Scott The Rocks Caldwell remained in Quito given the current unrest there. Commendable!
Alas, nearing completion smacks of needing 2 more quarters to complete. Not sure why the SR end date wasn't mentioned?
Orthern, the deadline for the PFS is end Q1 and that appears to remain unchanged.
Interesting to note no news on a new chairman.
Eloro, I agree with you about the SR, but I guess he's trying to avoid becoming a hostage to fortune.
The PFS is due in the next 23 days. Scott has already said in RNS form that it will be released in 'early Q1' so this update would have needed to 'correct' that previous RNS if anything had changed. So the fact it says 'nears completion' suggests that all is on track as guided.
Feb 14th looms and Scott will be hoping his new PFS brings some love back for SOLG again.
Apart from that... it's business as usual.
Addicknt, the deadline is not end of Q1. It's 'EARLY Q1' as quoted by the last RNS released by Scott and co. As below:
From Dec RNS
" Phased Approach Pre-Feasibility Study Progressing Well
- Expected to be released early in the first quarter of 2024"
Nothing new from the RNS...boring day for SOLG
Fort, fair enough. But my point was that a deadline already exists, so we didn't need a new one. Anyway, the sooner it arrives, the better.
Adikt. Not sure you realise you've just agreed with me.
You stated
"life continues as normal"
How right you are, nothings changed.
Thank you for endorsing mine and others views.
At last, you've smelt the coffee
Breadcrumbs from Scott.
He could have mentioned IPA renegotiation. Which consultancy is completing/reviewing the PFS. Reaffirmed a mid- or end Q1 delivery of PFS.
I would have expected the word "significant" in front of "lower capital costs". Given most are hoping for this to be around $1-1.5bn mark.
Oh well, could have been worse.
Well, just over 3 weeks away now so not long to wait at all.
Scott would not have been bold eneough to say 'EARLY Q1' in an RNS on Dec 14th to then go and miss that deadline by months or several weeks. It's clear that they pretty much completed the PFS back in Q3 but are no doubt waiting for lower inflation numbers before putting it to print.
The only thing of relevance in this update is the confirmation that the government is still supportive. All meaningless until they put pen to paper and sign the revised terms of the IPA and thus securing our long term future in country.
Secure*
Let’s just hope we get the PFS before or close to the quarterly MDA, swiftly followed by clarity around the SR process and IPA news… We need some solid, positive developments here, in close succession, to get interest/focus back on Solgold and a price rerate should follow.. if the numbers stand up.
Fort. your post.
"Scott would not have been bold eneough to say 'EARLY Q1' in an RNS on Dec 14th to then go and miss that deadline by months or several weeks."
not to sure how long you've been invested in solg, but I've been invested for many years.
solg have missed every deadline over the years, by weeks or months.
even adikt won't deny that. errrrrrrrrrrm ??????????
Commitment from local stakeholders and government officials 'outstanding' and revised PFS due with 'lower capital costs' , not long to wait for this to turn positive imo.
Formerlyeasyp...you post nothing on here for ages...if ever.and then you come on here and post uninformed negative rubbish...
Stick to ADT1...I'm sure they keep a smile on your face...
Filtered!.
65 filtered...
Meanwhile the reassuring RNS has gone down like a silent fert in a convent...
Rk the rns has gone down like a silent fert, for the simple reason, that's what it is.
and no amount of your filter garbage will change a thing.
you can't polish a teeerd, no matter how hard you and others try
Hfh.
l believe your application to the gullible rampers club, has passed with flying colours.
you are now a bona fida Muppet.
well done keep up the blind faith. your a future chairman in the making .