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Fantastic. We all love the term 'Tier 1' as this commands a far higher premium and lower cost of funding as risk is lower
"On this basis, reference to the Cascabel Project as "World Class" (or "Tier 1") is considered to be appropriate."
Quady, in this scenario where Solg source the funding themselves, including a JV, what multiples of the share price do you anticipate?
Probably all still here like my good self! I'm still fully loaded and happy sitting back watching the show unfold. I'm happy with what I see, I'm sure the other guys are too!
Good morning Eish.
You are missing the point.
Solgold are committed to spending 3.2 billion dollars.
This is not speculation, it was announced by the government.
So it's going to happen, we just don't have the details.
It fits in with the two finance guys.
We just hired.
No one is going to bid for us, because that certainly would have equated to a RNS.
That is market sensitive information in a big way.
Also if someone was going to bid for us, we wouldn't have hired the two finance guys.
The money is in the process of being arranged.
Certain undertakings have been exchanged between Solgold and the government otherwise no announcement would have been made.
We just await the form in which this will take.
Please feel free to speculate how this may take place.
But the only thing we can be sure of is it's going to happen.
Hence the announcement.
And who was first, Copperpot, he, he!!!?
I wonder what has happened to Broke Novice.Com and some of those other lovely posters? The lady with the Sprinkels and the one that use to go fishing every now and again!!!!/
Https://ceo.ca/content/sedar/SOLG-2024-03-11-technical-report-ni-43-101-english-a58f.pdf
Errrrmm.......2nd post actually!
:-)
Nice to be the first post of th day after a walk along the beach!
I agree with hereforhemo and expect share price to spike with multiple bids this year. Majors simply cannot ignore what Cascabel and surroundings offer. Possibly more than one Tier One a possibility? Remember we offer both a Au & Cu play but, what about THE SILVER?!!!!!! That must spike as well in the near future and will outperform the others for a short period of time, I suspect!
Is today our day for more positive news? Hope so!
GLA
Good to see SOLG on a rising trend these past few days from the low 5p range back to 8p range in a matter of days, shows good momentum towards the next step up 9p,-10p
A Breakout into double digit territory by the weekend would confirm the trend upwards,
meanwhile Gold is holding recent gains, but is there more to come??
Jim Wyckoff, senior analyst at Kitco Metals, adding it is very likely gold will see new highs in the near term.
It’s definitely a gold play, even the likes of Jiangxi are hiding behind the copper story.
Only gullible morons think that the world is going net zero
DBW that's the good thing about Cascabel, whilst some will look at it as a copper play, others like Barrick will definitely see it as a gold play. I think we'll see multiple bids this year which means it's not going to be cheap..whoever eventually wins.
Looks a great year ahead for PoG... been a long wait but the stars are aligning.
You've done slow and stupid for 18months Bob... now time to go fast and smart please. H1 or H2 will do but needs to be this year as markets likely to roll over and turn south once voters have voted in election race... US markets always go up pre elections... with help of Fed Reserve of course.
https://www.proactiveinvestors.co.uk/companies/news/1042837/gold-price-to-hit-2250-but-wait-for-pullback-first-says-ubs-1042837.html
HFM - cheers fella
Here you go bud...
https://x.com/hubrishunter?t=W5t7L5gH4iDNHk36iLfJRQ&s=09
HH is an opinionated twat who thinks he knows how a spread getting platform works better than someone who actually built one!
Yeah Mathers I agree with a lot of what she says we’re going to see some banking crisis fairly soon, we’re certainly going to see a flee from greenback to gold but we’re also definitely going to see rates at 0% to try and save the dollar
That will of course have ripple effects here as we follow suit.
The exponential levels of increase in debt in the west being papered over by money printing can only last so long before chickens come home to roost
We are sat on a mountain of gold on this stock. Only confiscation or other geopolitical risks can stop this becoming a massive payout
Hfm
Who's HH?
1984,
You think interest rates will drop? Have a peep at this https://www.youtube.com/watch?v=4Qz7jVbXfEo
From HH on x... Interesting
'What is interesting from PDAC is Minister of Energy and Mining had a scheduled meeting with BHP and no press commentary from this.Also the definitive $SOLG CIPA will be formally signed in Ecuador & I anticipate other work streams will come to light this week once rubber stamped.'
Livening up a bit now.
HFH ….. the thing with the Chinese is that they may not necessarily want to buy it now but they certainly wouldn’t want anyone else to ….. what we really need is verified interest from outside china to really spark this off
I don’t see the copper crunch playing out but if the hoax lasts long enough to sell this for a premium then all the better
It’s still a good play for me. Gold is about to rerate.
The US must refinance $12 trillion of its debt later this year so it’s clear as day interest rates will drop near zero paving the way for gold to charge
S
People miss the point on what China is trying to do. Whilst it's true they require vast amounts of copper for the green energy revolution, EVs, wind turbines etc, as well as the construction industry (when it recovers) their procurement of companies is far more strategic than that. Firstly, as with all precious metals, they start off as an importer. They then monopolise the supply and become an exporter. But only when they have enough control over the demand to control the price. They'll soon control Asia, Africa AND South America, including Cascabel..in my opinion anyway. Its simply too big for them to ignore.
I like the way whoever is genuinely interested in Solg / ENSA is just watching the valuation metrics go up by the day.
I also like the fact we've got 5% of the shares to negotiate with. The who IPA unveil at PDAC with Nobby Noboa was a stroke of genius too. After being a but concerned about Solg in January, I actually feel like Scott, Bob and Co. Have got this and evey day is a day closer.
We all just need to pray to whoever we believe in that Noboa stays alive as turmoil in Ecuador and another presidential reset is one thing we don't need right now. 🙏
News not that far away now if this article is to be believed...boom