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Thank you Copperpot he reminds me of a poster called Earthling, he couldn't understand content either.
All the best.
Good morning DBW, great read....thanks for posting. And people want to sell Cascabel and Alpala..........really......lol.
Good luck matey.
Quady, buddy5 is just a shyt stirrer mate. If you have look at his posting history it is scattered with multiple posters names. He is constantly trying to bang one poster off another, in other word "cause friction and disrupt" Very similar to eàrthlings tactics! I stuck him on filter around 3-4 weeks ago, I suggest you do the same. If he wants to wind up the decent folk here I won't be aiding and abetting him.
Good luck matey.
Nice new article with a small mention of Solgold as well
https://stockhead.com.au/resources/looming-copper-supply-cliff-puts-porphyry-players-in-pole-position/?amp
“ According to Robert Friedland, the world is going to need a whopping 700 million tonnes of copper over the next 22 years – the equivalent of all the copper ever mined in history”
Buddy5 I said the opposite, as that was a reply to Addicknt. Try reading. I said that as I was making the point that they wouldn't.
You are clueless.
I don't know why the Chinese are so conveniently forgotten. Rest assured they (meaning some SOE, they pretty much all pull in the same direction when it comes to resources) read the PFS and stand ready to fund anything Solgold needs. They have a well established playbook they play by. Company will issue 9.9% of new shares at a price premium to China-co, and China Co will inject X amount of money into a 50:50 JV for the development of said asset. Look at Ivanhoe mines, Xanadu Mines. China has not been a net buyer of US treasuries for a whole decade, where could they have been spending all their money? Buying up all the copper-gold assets it can get its hands on in jurisdictions outside of Western reach. They are ready to do the same for Alpala, and there are only two reasons why they haven't. NCM and BHP, and the ball is in their court. The company doesn't need to worry about raising money in today's environment. China can't wait to pour money into Solgold.
Do not answer a fool according to his folly,
Or you will also be like him.
Answer a fool as his folly deserves,
That he not be wise in his own eyes.
Buddy5 I can answer you very simply .
I have made up nothing. I have maintained the company line.
I only remind people about the content that Solgold have reported.
The very fact that you accuse me of making up the content that I remind people of means you are either misinformed or talk absolute rubbish.
Which one is it please.
Also in your reply can you tell me what I have made up, that the Solgold BOD haven't reported.
DBW - every man should know his limitations but at the same time every man should dream and be supported in pursuing those dreams.
At the end of the day, how are new achievements gained? Someone has to break new ground for the rest to follow...
Some strive to lead and others are happy to be led. Nothing wrong with either approach.
On the money until your last point Damers.
BHP are proudly on record as having returned $17bn to shareholders over the last 12 months and therefore given the strength of their finances would not, in my view at least, need to sell off key regionals.
BHP can add a pillar to their business for the next 100 years with Ecuador. They get a shot at doing everything right for all stakeholders including the indigenous folks, continuing the good work SOLG has done over the last 10-15years.
Very pleased buddy5 disagrees with me. Just makes my case for what I have said stronger.
Enjoy ….. I got rid of my hangover with an early morning swim ….. usually does the trick.
None of us here actually knows the eventual outcome, but it’s pretty obvious Solgold will need help to get Cascabel into production, let alone any subsequent mines ….. we have done a great job over the last decade discovering and proving up and that’s what Solgold are best at …… every man should know his limitations
It would be great to maintain an interest in the project at some level but not sure certain large shareholders would agree …… we seem to have an awful lot ( and growing ) number of employees on the books with very little drilling taking place , surely they would not be adding to overheads day to day without the knowledge that money wasn’t going to be an issue?
Hi DBW, yes I see the link that you refer to (BHP). I'm not being dismissive matey but I bet Darryl Cazzubo has far more loyalty to Solg than he does to BHP. If DC's loyalties were with BHP, surely he would be still with them. Same could be said for Tanya Cashman? Lots of these people or either "head hunted" or they just want a new challenge. You could very well be correct in your thoughts DBW, but I think there is a lot of wishful thinking mixed in too. Anyhow, good luck mate....Im off for a hair of the dog ;-)
See you all tomorrow.
That would suit all parties...but dont rule out Barrick countering...
Orica
Erica + BHP....Snap DC...
Maybe Solgold or it’s successor should suggest that a proportion of solgolds taxes, plus a top up from the mine owner, should be used to buy a stake in the mine for the benefit of the community. This will keep all stakeholders aligned.
Damers …. Not far off what I think
Damers, your #1 around keeping SOLG as a subsidiary is exactly the sort of creative thinking I was referring to. I'm sure post-takeover the SOLG employees with good relationships with local gov would be more than happy to stay on and assuage any concerns (for a healthy fee, of course).
Vive la difference.
So, a permutation which may work for all………………
- BHP (or another) buys SOLG and keeps it as a subsidiary.
- SOLG under the stewardship of Cuzzubbo & Saridas (BHP friendly) get Alpala into production.
- SOLG also continues drilling at regional prospects.
- Key regionals gradually sold off by BHP to help fund Alpala.
………….and they all lived happily ever after.
It seems strange to believe that SOLG could *build* Alpala faster than anyone else when it took several years and two delays to produce a credible PFS. Of course a major such as BHP would be able to mobilise faster than SOLG. As addicknt points out, BHP will also have its own relationships at government level in Ecuador, and I have little doubt that they - amongst their other dirty tricks - will have dropped numerous not-so-subtle hints to the government that they are a more capable partner than little old SOLG, when it comes to building a Tier 1 mine.
Ultimately we have a government in power who want Alpala built and revenue generating as quickly as possible. If BHP buys SOLG I don't think they are going to start playing hardball with the permits. That said, at a local level the picture will be different, and that would likely require some creative thinking.
Copperpot
In the recent MD&A I thought this was an interesting appointment
“Tania Cashman was appointed Chief People Officer effective 10th January 2022. Ms. Cashman brings over 20 years senior leadership experience with global organisations including Orica, BHP, Shell and Pasminco. She began her career in Human Resources and since then has worked across many geographies and led several complex, large scale transformation programmes, supporting the business through significant change”
….. with 900 odd employees on the books I guess it’s a full on role …… interesting to note who she’s worked with previously….. seems to be a recurring theme
Hi addicknt, mutual trust is a very powerful tool too have in your arsenal as we both know. Solgold have had 10 years plus to nurture this trust and have provided employment and wages for the locals. There is a strong bond between local communities and Solgold. A huge bid and all the promises under the sun can't replicate this bond/trust. This could all turn out very ugly if big bids and strong arm tactics ensue. Lose the locals and you lose the lot in my opinion. I'm nursing a bit of a head this Morning, a few light jobs and then feet up. We all have our own thoughts, of which I respect......but I do think this year will slip by with no offer...just like last year and the one before. For me it's production all the way unless a real mind blowing, can't turn down offer lands. If that offer does land.......well.....all hell breaks loose! Good luck to you and all whatever our outcome is!
Good morning Quady, hope you're keeping well matey.
Agreed Addicknt, we have a difference of opinion.
All the best.
Bravado? In any event, this is about deliverability and whichever way you look at it, any major ticks that box far more effectively than we do.
When you say 'Mather and his people', who are they?
We can go round and round on this discussion - you have your opinion and I have mine and never the twain shall meet. However, we both understand the importance of the issue and I'm certain everyone else does.