George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Nah, he's bloody useless.
I fully understand your view and as a shareholder you're completely entitled to it. It has been enormously frustrating, particularly as we all know what we're sitting on. However, I think we're seeing the unfolding of his strategy and although we're not there yet, the recent progress has been more than encouraging.
I might be entirely wrong, but I really do feel we're not far from seeing something significant. Let's hope we're not disappointed again.
Of course I knew that you are solidly behind Scott which is why I mentioned him😆
Seriously, I will wait until the SP is back in the 20s, or better yet, we are sold, before I view Scott in a different light. Presently, I have a dim view of his performance to date.
Somebody posted this link on the HE1 Chat board on the 13/03/2024, it's a parliament petition to make short selling in the UK illegal.
Please re post on as many chat boards as possible 10,000 signatures required in a six month period, that’s before 10/09/2024.
If you agree follow the link and sign up please
https://petition.parliament.uk/petitions/657294/signatures/new
Tesla1 has no credibility here.
Just refer to their posts over last 6 months.
A numpty who doesn't own 1 solgold unit.
Eloro, obviously I agree with you apart from the comment about SC and NM. NM should be given credit for what he achieved, but he was incapable of positioning the company for either a sale or production. It's Caldwell who's putting together the building blocks and is making the company both saleable and investable.
Actually, Tesla, the funniest part of your post is the comment 'nothing has materially changed'. What utter nonsense.
QED.
It isn't me who's bitter - far from it. I'm afraid you're very much in the category of people I've described. As for the funding issue, perhaps you missed mog's post yesterday? Although I suspect it's something you'd rather ignore.
Add, even I can connect the dots here. We have a link to Jiangxi on the BOD, and now we are reading that the Chinese are hunting for new resources. Even the Chinese, who are famous for having a population which suffers from myopia, cannot fail to see our Tier 1! Now, I would not credit Scott for our attractiveness. I think NM should be credited for that.
Yes, I did notice the reduction in the number of naysayers popping up here. I even noticed that NAL isn't posting as often as he used to. Given his bad English, I have always thought that NAL is a Chinese poster 😆
Addicknt
Is the bitterness, that comes across in your posting, because the negative non holders have been pretty accurate or are you just hacked off that you have made a poor investment so far….
Asking for a friend…….
In terms of the positivity the sp has risen from multi year lows what would you expect the bb to be like.
Nothing has materially changed.
Until the funding is sorted out this will tread water sub 10p……..
Careful, Eloro, you're beginning to sound enthusiastic!
Come to think of it, over the past two weeks, have you noticed the reduction in the number doom-mongers? For months we've been subjected to people popping up from nowhere telling us it's game over, that Ecuador is engaged in civil war, that the whole thing is a scam and that we're all fools for having a degree of enthusiasm. I'm not referring to shareholders who have a legitimate gripe, but those non-holders who seem to infest many of these bbs. You can't help but wonder what kind of people they are.
Elrond
All falling nicely into place, bring on the year of the Dragon, wooden that be a good sign, add the numbers 2024, makes lucky number eight lol
Definitely feel it in my waters ha ha
Atb
Surely solg must now be on China's radar:
"China Copper seeks to acquire overseas mines amid tight supply, chairman says
Reuters | March 11, 2024 | 6:42 am Top Companies China Copper
Chinalco’s Toromocho mine. (Image from archives)
China Copper, one of the country’s leading producers of the metal, wants to acquire overseas mineral resources amid tight mined copper supply and rising demand, the company’s chairman told Reuters on Monday.
A lack of rich copper resources at home has driven Chinese companies to hunt elsewhere, with an unexpected supply deficit this year adding to the impetus.
“We hope to cooperate with countries and companies globally to acquire a number of near-production, at-production mineral resources with good quality, large reserves and potential,” Xu Bo wrote in response to Reuters‘ questions.
The company will step up cooperation on risky projects with a low exploration rate and great potential, wrote Xu, a delegate of the National People’s Congress at the annual meeting of parliament in Beijing.
China Copper holds the Toromocho Copper mine in central Peru, via its parent company Aluminum Corporation of China (Chalco), the state-owned metal giant.
Smelters in China, the world’s top refined copper producer, were hit by tightening raw material supplies after the closure of the big Cobre Panama mine late last year.
Xu acknowledged the shortages, saying they were a reflection of the still strong demand for copper in China.
There is fast growing demand from the electric vehicle and renewable energy sectors for the metal, which is also widely used in power, transportation and construction.
A few smelters have taken measures amid the shortage of raw materials, Xu wrote, without elaborating.
A state-backed industry association in January advised Chinese smelters to curb their output, bring forward maintenance and postpone new projects.
Over the longer term, the copper smelting industry needs more collaboration, better technology research and market analysis to ensure sustainable development, Xu wrote.
The rapid expansion of Chinese smelters pushed the country’s refined copper output up 13.5% last year to a record high of 13 million metric tons.
Imports of copper ore and concentrate were 9% higher than a year earlier at 27.5 million tons, also a record high, according to official data."
I found it in the half year report. SOLG applied to change the Cascabel Project"s official status from the exploration phase to the exploitation phase, which was indeed registered on the 6th December 2023.
The company has up to six months after the approval of the Phase Change to execute the Exploitation Contract. Once executed its required to be registered with the Mines Registry, which I think is what that press release referred to.
SOLG management expects the Exploitation Contract to be finalised and announced prior to the end of the current financial year, meaning all finance, transfer of ownership of Cascabel/SOLG etc must be completed and shareholders informed by the end of June.
So I make it within the next three and a half months at a maximum we'll know which option management took, which fits into the narrative posted by some that they already know the preferred route within the strategic review. Exciting times ahead!
All I can see is this from the 20th July RNS. I don’t have any record that we moved to exploitation phase on 6th December or any other date
In the following months, the Company must apply to change the SolGold Project's official status from exploration phase to exploitation phase (the "Phase Change Application"). The Company has up to six months after the approval of the Phase Change Application to execute the Exploitation Agreement with the Government of Ecuador. Once executed, the Exploitation Agreement is required to be registered with the Mines Registry and will be made publicly available on the Company's profile on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com.
Fort although the 6th December rings a bell I cannot find anything that confirms the six months started from that date. Where is that documented?
I know we agreed terms and conditions for the agreement last July but can't find anything about December so please enlighten me.
The good news is this is the final thing to be agreed, which means all finance must be in place and if the concession is to be transferred to a third party that would also have to be agreed upon in advance of signing the agreement.
So, worse case scenario is we'll know exactly what SOLG intend to do in six months from now, or if Fort is right about 6th December (and i think he is), we'll know by 6th June, which is less than three months away.
Thought the same Tesla but on reflection I think he’s saying 6th may is some deadline which is within six months of now (as per the Ecuador article saying signed in six months)
What the exploitation agreement is that expires on may 6th and was signed on 6th December is what I can’t understand. Wouldn’t something that significant have been RNS’d? Does anybody know what he’s chuntering on about?
6 months from Dec 6th is June 6th not May 6th…..
The only ban I would ever support is a ban on banning things
For those of you interested in banning share shorting
https://petition.parliament.uk/petitions/657294/signatures/new
What exploration agreement was signed? Which RNS is this in? I’ve never heard of it
SOLGOLD have until May 6th 2024 to execute the Exploitation agreement which they signed on Dec 6th 2023.
Hence ... within 6 months... it has to be actioned.
As far as I'm aware... they would need to have credible funding package/partner involved before they executed that.
Not long now before fireworks... but the clock was ticking from Dec 6th 2023.
Might be a translation thing? But my interpretation is that if a large scale mine commences it must sign a. Exploitation agreement within six months of doing so
Obviously nobody is going to risk $1.5bn capex without first having said agreement as they’d be laying themselves open to a ruddy good rogering from the government
What does that mean...
https://www.lexology.com/library/detail.aspx?g=837cbeef-a7a8-4cd6-b919-e92e8f74cd6b
During the final phase of the mining cycle , the concessionaire must apply for the commencement of the exploitation phase of the project. Within six months of beginning the exploitation phase, the concessionaire, in the large-scale mining category, must sign a mining exploitation contract with the Ecuadorian government, although negotiations may begin during the economic evaluation phase. As indicated, artisanal, small- and medium-scale mining operations do not need to sign a mining exploitation contract with the Ecuadorian government.
"Likewise, Delgado said, the pre-contractual phase has been completed with the company Sol Gold for the Cascabel project, which has important reserves of gold, silver and copper, located in Imbabura. According to the vice minister, the mining exploitation contract will be signed in six months." He is the vice minister of Mining.
https://www.expreso.ec/actualidad/economia/gobierno-busca-suscribir-semanas-contratos-fase-2-mirador-192937.html
HFM …. Honestly no idea
But I do know they’re looking at a funding deal that will put the boot on another foot …. Then the dynamic changes