Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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All I can say is good luck, I hope it comes good for you.
Totally agree. I traded GGP between 0.5 and 9p, and with minimum capital I have made about 150k. Now it's fully priced and if anything I am ecpecting a retrace, perhaps down to abiut 9.5 before considering getting in again. SOLG, fot all the pain is causing us, is very clearly undervalued.
Good morning d1873macca, If I had got into GGP at 2p, then you should be selling GGP now, and putting all your money into Solgold, or are you totally blinkered.
I am totally blinkered.
I expect an offer will come in October as he’s said in the April webinar he expects a full re-rate after the full feasibility study is completed in Q1 next year. Meaning it could be the only chance they get to make a low offer. Let’s not forget the 117p broker view isn’t for when it’s being mined but is an indication of what the price should be now/within the next 12 months. I can’t find any gold play with as bigger upside as SOLG and with as many brokers covering it I’m struggling to see why it’s so low other than the fact it’s in a random country.
As a long term holder, does it matter who owns it.
Gold and Copper will play apart in tomorrow’s world.
Going to multibag imho.
Quite right Copperpot, looking forward to the next three months, as don't believe we will get a bid, as really only company that can't bid for us is BHP, everyone else can, but even at this price no bid. Maybe different after PFS, and the competition can see the operating costs, and thus can do some meaningful calculations, on revenue, cost and profit, just on Alpala. I think that is why we have Citi on board. All the best.
Hear hear Quady. Time is money!
I do hope so Duster, I am all for putting off the big boys, while we progress the work at Cascabel.
Hope all goes to plan but upcoming elections can put off big Capex requirements until the outcome is known.
Best of luck
Good morning dusterinmong, I have probably looked into the political background, more than most on here. In fact, I looked at it for 18 months before, I brought into Solgold 7 years ago. The political system in Ecuador, is a functioning democracy, but has one major difference. In the first ballot, if your party wins 40% of the vote, and you are the only party to win 40% of the vote, then that's it, you become the ruling party. If not, then you have a run off. The current party, won 39% in the first round, last election, and won the run off. Moreno is only president, because the previous incumbent, had served two terms. You cannot serve over two terms. So what does that mean? Well if Moreno should win early next year, he cannot run again, when Alpala is built. So at some point we will get change. However, Moreno is to the left, if you like, he is the socialist choice. His opponent, who is the leader of a recently formed party, is to the right. Both I would say are level pegging, at the moment. My feeling is Moreno will lose, and we will get change, because, we are seeing an austerity program in the country, in order to meet the requirements of the IMF's 5 billion loan. However, with declining oil revenues, mining is the new black gold, and much needed. On one of the presentations, it was mentioned, that when Alpala was up and running, that it would contribute around 4% to the country's GDP. That's massive, and both parties, will not do anything to upset, inward investment, at the time, they need it most. So on a personnel note, I am currently relaxed about the political environment.
The geopolitical risk is well known and more than built in to the current share price. What would the price be now if Cascabel was in North America?
Wasn’t for Lundin
Will tbis be a problem with any buyout plans from a major
https://www.bnamericas.com/en/interviews/ecuador-will-enjoy-a-mining-boom-if-its-not-killed-on-its-way