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Monte I'm with you...
Show me the money and I will load up with high paying quality UK stocks...
Red ….. looks fairly unambiguous to me lol
Quady
Do your research with Vod, very high debt levels and shaky div cover. Made lots of div over the years but always erodes capital
Today
DBW I have always said the most likely outcome is we go to production.
I have never talked in absolutes on here
19 December
Sorry Italian I have changed my mind twice on this.
Between 2013 and 2015 I believed we would be sold.
Between 2015 and 2022 I believed production was the most likely outcome. That's a big change in my opinion.
During 2022 I now believe that with the wrapping up of ENSA, that we will JV this.
8 December
I still believe Solgold will take Cascabel to production
30 November
For the record I have never said production was a certainty
10 November
Solgold have been unambiguous, unless we get a full value offer we go to production.
12 October
Someone can pay what Alpala is worth or we take this to production. and...
"I have always said that a friendly bid was possible"
1 September
We know we are going to production.
19 August
Good afternoon rcgl2, I think the reason BHP/NCM don't want a cashbox issue is they won't be able to increase their percentage, and by doing so it means we get to DFS and can then raise the money ( BFS required ).
Which means game over we go to production.
And...in reply to Gino...
"We are going to production. "
Sounds pretty definitve to me...or it might be...or it might not...
Everything flying except the Dollar - topped up 20k here ...
Last we were told (I believe) we had one drill still going at Cascabel…. I’m guessing Moran but who knows. As Red said we are long overdue an update on existing and planned drilling. Any good news would have been largely wasted prior to the AGM and merger completion.
Let’s wait til then and hopefully Sangha can work his magic …. With his background certainly hasn’t been brought on board to make the tea .
is solgold still drilling ?
Same strategy as mine Monte.
When I eventually exit Solgold I will add to my dividend income.
Looking at dlg, vod and maybe a house builder.
I've changed my investing philosophy over the years. It's highly unlikely I personally will invest in another exploration company.
Obviously a younger or more risk tolerant invester may think differently. Any future profit from Solg goes straight into ftse 100/250 dividend payers for me.
Statistically Monte it is unlikely that we find another tier 1. It's unlikely that anyone finds a tier 1 anyway.
We have one. We also have Porvenir.
So which horse should investors be backing. A company with two clear examples of a significant discovery or a company with aspirations?
I've got companies of each profile in my portfolio and I can tell you I'm more comfortable about my SOLG capital because the discovery has already been made and is proven.
We don't even need another tier 1. We could go and find another couple of Porvenir type assets and that would add pretty significant value to the company.
Surely as investors we should be looking to capitalise on a position of strength, rather than say chucking the lot to someone else early doors and looking to re-punt our capital on the junior dreamers?
Yes Bozi, very eloquently put as usual.
I suppose the point I was making is, yes all great and good luck, but never forget( and this is to us souls that have been here 10 years and are not geologists, not new investers) than believe it or not, it is still very unlikely will we find another tier 1.
As the Americans like to say, you can have your own opinion but you can't have your own data.
And as the data says, tier 1"s are very rare.
Monte - are you really going there?
All exploration companies talk up their targets. How else do you expect them to secure the investment to pay for the drill contracts? Who would invest in a company where the CEO says,
"Yeah we've got this ground in the middle of nowhere, we've no idea if it's prospective but we're going to drill it anyway. Fancy contributing to the cost?"
SolGold said the geophysics for Aguinaga looked promising, whilst they were delineating 10mt copper, 22m oz gold etc etc next door at Alpala. I think that transformational discovery granted them a pass.
Yes Aguinaga didn't come off and neither did very early works at La Hueca and Rio Amarillo but that's the exploration game we're in. As investors, we should want and expect a company to have as many rolls of the dice as possible, and SOLG certainly aspired to that when taking up the regional portfolio.
Now, IMO, they should be sticking a couple of holes in at Helipuerto, adjacent to Warintza. A duster there is already priced in you could argue and another Porvenir type discovery changes the game again. Another Alpala type discovery and all the earlier multi-pound price targets come back into view. It's a no brainer.
This company shouldn't be criticised for bigging up it's assets and it's methods. We can criticise Mather as much as we like, and he tends to be an easy target, but SolGold have shown they are capable of discovering large assets, so they should be afforded the resources to find more.
Agreed Monte.
Happy new year.
Ooops a link might help
https://www.mining.com/ecuador-signs-investment-contract-with-solaris-on-warintza-project/
Pinot
:0)
Good afternoon to you too Quady.
I'm very glad we are having a strategic review.
Hopefully it will finally give clarity to what is happening here and we should all be a lot wiser for it.
Not so we can argue about who's wrong and who's right but just to have a clearer idea of what the board are intending.
Hi Montecristo.....
It's worth a look at their project and who they have on Board. Not bad news to be sitting next too.
Pinot
:0)
I confidently expect a drilling update soon...probably Moran/Tandy/Cascabel...but I would love Helipuerto...
Hahahaha...Quady that woul;d be hysterically funny if it wasn't so sad...
"So you compare BHP to Solgold on percentage of trades.
That is mad.
Take a look at other companies like GGP and compare them to Solgold on trades.
Especially when there was a lot of activity.
0.5% is what you require to show you that people are at least noticing Solgold. "
Please quote me the official reference that states the last point...? Or are you the authority on this as well as everything else?
You ridicule comparing SOLG to BHP on percentage of trades and then cite GGP...
There are only three shareholders in GGP with more than 3%...thats a VERY divers book...
Wyloo 8.6%
Van Eck 4.6%;
Five Diggers 3%
Whereas we have
BHP Group (UK) Ltd. 13.5%
Newcrest Mining Limited 13.5%
Bell Potter Securities Ltd. 12.5%
DGR Global Limited 8.89%
Cornerstone Capital Resources Inc. 6.84%
Bank of Singapore Ltd. 5.00%
Tenstar Trading Ltd. 4.70%
BlackRock Investment Management (UK) Ltd. 4.38%
Nicholas Mather 3.95%
Samuel Holdings Pty Ltd. 89,915,834 3.92%
There may be some duplication but that lot totals 73.3%...
And as you can discern on here the vast majority of posters are long term holders maybe occasionally like me trading at the margin.
The shares are simply not traded because the story is so good.
Thats my last comment..filtered again.
Good afternoon Monte.
The thing is a lot more is happening in Solgold and all these areas are in their infancy.
Because of COVID and the concentration on Alpala, we don't know what the state of play is.
I do however believe that the strategic review will encompass what is occurring throughout the entire business.
I would not get your hopes up about the regional exploration activity, there has been a steady flow of so called areas of high interest that have lead to very little. Remembering how they talked up Aginaga (I can barely remember what it is called) which shows how great that was.
I think it's another case of how Nick talked these things up. He gave the impression to laymen that this solg blueprint of exploration was so good that they had a high level of conviction about anything that looked good on surface. That has shown not to be the case clearly.
You can look at it in two ways, they big it up a lot and we are very unlikely to find another tier one, or it just shows you how rare these things truly are, and we should count ourselves lucky indeed for having found one.
Thank you Bozi.
Please everyone who only wants to talk about a bid and not Solgold, please filter me.
For the record Sean, there's a reason why slug never called me out about my trades because he could see they were all mine. Now stick me on filter and stop pretending you have.
Happy New Year Quady
Pinot
:0)
Thank you pinot, you are one of the few posters on here that talk about Solgold.
Happy new year.
SharketMare you used to be a balanced poster on here, now you just sound desperate.
You do know what an absolute is.
Also you may want a bid. Trust me if we get a bid between one and two pounds, to me that would represent fair value at this stage for the whole company.
So you see I don't talk in absolutes.
However please present me a scenario that makes a bid more likely than before.
Now that the book is even more diverse and we have another entrant in the field with another offtake.
If anything a bid is less likely at this stage.
We await the strategic review to see the way forward in my opinion.