Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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SharketMare,
Alpala is a tier 1 project. It's going to be producing for 20 to 30 years+. It's going to take roughly 5 years to build. Inching toward Ecuador election?? Lasso was elected in spring 2021. Next elections are not till Feb 2025!!! Inching closer?? Have you lost the plot or something or desperate to find something to worry about... 3 years+ away! Of course politics has a factor in all countries and mining. But Alpala/cascabel will probably see around 6 election terms with different leaders on many occasions. Get used to the idea. Super majors are well adversed in dealing with governments.
You were wrong about the fund raise, wrong about the royalty and now you seem to be suggesting that there might not be a buyer interested in SOLG or Alpala? I think you need to take a look at yourself and start questioning your own analysis.
You have absolutely no idea of whether SOLg have zero buyers lined up or 10.
Forget DFS for goodness sake. Do you really think a buyer is going to be following SOLG's PFS and DFS blueprint?? They'll rip the lot up, size the mine twice over and make 3 x the profits albeit with double the Capex. That's how super majors work.
Take a look at Noront. See if you can spot any interested buyers in the stock before first bid landed. Any trading waves? Any noticeable action?? I'll save you the time. Zero. All was flat as a pancake until someone made the first move.
Noront 23cents one day became 55 cents another, then 75+ and then sold for 110cents. A 5 bagger.
A 5 bagger from 18p would see 90p for SOLG. Just imagine that.... or in your case.... perhaps not.
Out playing golf?
Boring old codger.
Quady you really are transparent with your divide and conquer techniques, why would I get seanhunters post deleted when I agree with him about you.
Q for dunce, must try harder
I'm glad I was out playing golf...what a load of juveniles...
Sorry I meant DFS (not pfs2)
You make a good point Sean, about those 3 words.
I wonder how the SP would have panned out over the last few years if we had simply stayed as an exploration company and never mentioned those intentions, whether serious or bluff.
Is it, sean? As far as I can tell there are only a handful of people on this BB still talking about SOLG going to production. The company have even stopped talking about getting to DFS, let alone production in 7 years time. We're undertaking a strategic review, that's the sole focus at the moment. Those 'in the know' i.e. Irwin and co. seem to think that releasing full value is "in progress", and for them that means a sale of either the whole company or of Cascabel so they can take their money and move on. So we can take some heart in that. Perhaps upon announcing the outcome of the strategic review, the market might start to take more of an interest as we will have publicly dropped the production schtick.
I think there are two elephants in the room.
1) Do we actually have an interested buyer lined up, and if so, at what price? Bearing in mind, they are buying a tier 1 asset yet to reach a bankable feasibility study and a load of other license areas that require not insignificant investment.
2) We are inching closer towards another election in Ecuador. Realistically, whoever wins that election is going to have to green light mine development at Cascabel. This has to be a serious consideration of any major player willing to stump up the cash to buy either the asset or us as a company outright. With the global economy teetering on the edge and the world over becoming increasingly polarised, who knows which way the Ecuadorian people will lurch over the next 2 years?
I know ColonelDrake shot me down last night for saying this is somewhat of an Ecuadorian crapshoot, but to suggest that our future doesn't come with its fair share of risk and uncertainty is silly, IMO. The market will be all too well aware of this, too.
seanhunter, production isn't soon. But we'll get there..............Silly Billy!
Sid its all a bit complicated.
We are going into production soon.
But then there's the diverse book which renders he company worthless.
Shall I explain it all to you?
Wrong Seanhunter probably Jezzoo as the link is removed.
If you see Sid, tell him!
Welcome Sid… we need someone of your knowledge and expertise here..
Realistically When is pfs2 due ?
Thanks
That was me Sean.
•¿•
I see my post with the link to the picture of the Harry Enfield Quady character has been removed.
I wonder who went running to teacher?
"ONLY ME!"
The "Solg story" is currently being ruined by three disastrous words: "going into production".
The market sees the prospect as nothing but a money pit.
Get that nonsense out of the way and watch us fly.
And up 4% today? Is solg trying to close the gap on the chart at 17.1p?
https://www.google.com/finance/quote/CGP:CVE?sa=X&ved=2ahUKEwjT-Zr6-p77AhXMiFwKHW5bC6AQ3ecFegQIDhAc
So we have announced a friendly merger with cgp meaning we now own 100% of Ensa..
We have announced a successful raise of 50 million meaning we can keep the lights on and progress towards a DFS for Cascabel.
And still there is no market interest in buying in to the Solg story… the market still show no belief in what our board are doing, or have announced they plan to do. The volume traded here, shows no significant institutional buying to secure or strengthen any position, despite so many voices on this board insisting it’s being bought out any day.
Given we have heard so little from our board regarding Porvenir over the last 6 months, Im not expecting that resource to exactly blow the doors off.. there has been no shouting, referencing or promotion of it for so long I’m thinking the board already know it’s not quite what they/we hoped it would be. I have never bought in to the conspiracy theories of Solg potentially holding back incredible announcements /news as some form of ‘defence’.. it’s nonsense.
I admit, I thought securing funding and therefore stability, all be it, not a great amount, would have pushed us further than 17/18p.
PFS update soon, but if that advanced study doesn’t add significant additional value to the NPV how will the markets react?
The markets view on The Solg story seems as weary as mine..
I was trying to be polite unic ! and still it goes on.... UNBELIEVABLE
Have a good week all, whatever makes you happy keep doing it ;))
Where have I said anything of the sort quady ?
I think you will find I haven’t mentioned you name today. Also I can’t find a post from me that mentions baiting
I would think by general consensus that you are biggest ‘bater on here by a country mile.
Idiot
Rabbit, rabbit, rabbit, rabbit...
And so on until the next real news.
Jezzoo talks about taking the bait.
By his own admission he is baiting me.
So by his own admission he is stirring.
So the biggest stirrer on here.
Who not only has contributed nothing apart from dividing opinion, but doesn't understand why he's invested in Solgold.
Well simple novice, as I've always pointed out, you never get anything right.
Infant school classroom? Nonsense NH, you find far more mutual respect and decency in a five year old!
Jesus Christ you lot, you're like a infant school classroom, unbelievable to think that in the main I would imagine all are adults from the mid 20's upwards, Hopefully certain people will get some satisfaction out of it ! oh how small their worlds must be, beyond laughable really and very sad... Money we will all make soon for sure ;))
ONWARDS & UPWARDS