The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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HH commented those reports are always well out of date. He said one of his closed shorts didn't get updated for months. It must be closed by now RK as they'd be living a very dangerous game otherwise with the AGM due.
When will XIB close their short...15 million shares...
Todays FCA short positions report:
XIB Asset Management Inc SOLGOLD PLC GB00B0WD0R35 0.50
This should be around the 25p mark now just on basic numbers and metrics! Load up if you can.
GLA
DK
Precisely Jerry!
He also predicted we would be sold around 2016.
Completely wrong.
Yep, that window of opportunity over last 6 months to 12 months should be closing next year. As Inflation drops, rates drop and likely stimulus kicks in... the growth story kicks in again western and far east style.
Our last PFS would have had 1.5% to 2% inflation built in along with interest rates of about the same 2% to 3%. In 2022, US inflation was 9%+ and rates 4% and rising. The expectation is that rates will be back to 4% or lower in 2024 and inflation sub 2.5%.
That effectvely sets up better metrics for PFS in 2024. Along with higher metal prices, the IRR should be over 25% imho based on phased one lower capex starter mine.
Buyers, predators.. partners... call them what you like.. the time is to buy now and not into a metal bull market and better economic backdrop. You want to strike when shareholders feel weal not strong.
The Chinese have a real chance here to snaffle a great asset on the cheap imho. If they continue to kick tyres... they could end up paying much much more.
Morning all. good news immenent imo!
gla
DK
Middelkoop, Irwin, Rule - all the “brains” telling us good times are coming for PM and commodities! Hope I’m still above ground when they arrive.
Bozi, he has written a book on it!
Add - does he get asked to expand on the great reset?
Nothing against good old Willem. A bull like the rest of us and no doubt desperate to see us get over the line.
Good news adikt.
Let's hope some of the visitors to the data room read it.
Should be a precursor to a bid
Https://www.youtube.com/watch?v=ZuWADvwY8dI
At 17 minutes guys
There's an interesting interview with Middlekoop and VRIC. It really is worth a listen. He discusses the broader commodity market - he believes we're on the cusp of a lengthy bull run, especially copper and gold.
At 17 minutes he describes us as being the most attractive option available in the market and says it 'really is for sale' and he can't believe we are so cheap.
If you want cheering up I'd recommend spending 20 minutes listening to the guy.
Aquinaga. Not heard from you for awhile,
Not since the 12th November in fact.
I guess the 5 day suspension admin handed you finishes today.
So I'm guessing it's back to fairy land some time on your return today.
Fury is a pressure fighter and will rise for the occasion as we've seem him do before
Corner turned Ray, bottom in and rise inevitable
Did you see the big fight announced for feb? Closer than it would have been IMO after fury’s shambolic and bizarre (losing) outing last time
Hang in there guys....
It too shall pass.
He never lets facts get in the way of his fantasies..
Red please read the lumina deal past the first paragraph, I’ve pulled you up on this once before
There is additionally a production payment of 18-22% on top of the 4.4-6.6% payment. Sure it’s still a good deal but it blows the numbers you’re claiming
Red, your calculations give a great different perspective and insight beyond where we are right now. Correctly so and why not?
But, many PI's feel miserable at having been let down and tramped on with so many things that irk us in what we believe to be a "Good Investment" a Tier One and many Tenements of possible valuable mining sites. I will not regurgitate the long list of disappointments, we all know them!
But, if there is not real good news, there is sure to be a back lash from PI's.
Hubris Hunter on X has made a few interesting points but I must have cancelled the link, sorry. He is positive that much has really happening behind the scenes. I hope he is right.
Still feel aggrieved that $4Mil disappeared some time back and that $70Mil was spent in the space of months with no notification why, where and when! Just jolly poor communication, imho.
Good Luck All! We need it! LOL
In November 2015 ATYM was 70p...in December 2022 it was £4.23...
Eloro
Red ramper has 3 open T 20s, he is hoping to persuade posters to help him out by pulpingbipn the price.
Not sure who is worse red ramper or the loony with mental health issues
Sorry Red, the only thing Solg has managed to be successful at is disappointing shareholders. Hence, I am not holding my breath that Scott will pull a rabbit out of his hat any time soon.
Even before PFS3, under PFS2, Cascabel will produce 7.6 million ounces of gold...
Wheaton Precious Metals, in May 2023 agreed to pay Lumina Gold (an Ecuador gold/copper project), $300m for 6.6% of the first 700,000 ounces of gold and 4.4% of the remaining 400,000 ounces...
That values the gold alone at $5.172 Billion, based on the then price of $2,000/oz.
$300m/700x6.6 + 400 x 4.4/1100
The Osisko deal in December 2022 valued the ``cascabel gold alone at $8.333 Billion, which was an absolute steal but SOLG has a buyback option.
The actual Gross value of Lumina's gold production is £2.187 billion...
The actual Gross value of the Cascabel gold production is 7.6moz x $1988 at current prices...i.e.$15.109 billion
However, applying the WPM/Lumina metrics to Cascabel gives a Gross value of $300m x 7.6/1.1 / 5.8%, i.e.$35.737 Billion.
The Gross value of the Copper production at current prices is $23.751 Billion
So, based on PFS2 ore productions, the total Gross value of the copper and gold production is $59.5 Billion
Given the widely held view that the Silver sales even at $19 cover the total costs of mining all the ore, and assuming still a LOM of 26 years and a discount rate of 8%, an approximate NPV of Cascabel can be calculated as:
0.3382530766 x 59.5 = $20 Billion or £5.41 a share....
Now I'm more than ready for the clever people on here to correct my calculations, but to repeat...
The Lumina deal values the Cascabel gold alone at $35.737 Billion Gross, i.e. £9.60/share undiscounted...
So IMO all we need is for WPM, Glencore, Yamana FNV or Trafigura to posit a similar deal to the Lumina ECUADOR gold streaming deal and the shares will fly, or...
It will scare any interested parties into bidding for Solgold...
I wonder what Scott has up his sleeve before the AGM...?
Gold up 3%
Silver up 10% in just over 72 hours...
Some think silver will lead the next gold bull market...$38 and even $50 being talked of...or even $100...
https://investingnews.com/daily/resource-investing/precious-metals-investing/silver-investing/silver-in-the-future/
On Monday the Gold/Silver ratio was 87 times...long run average c70 times...currently 83...
If silver reached $100, gold could be $7000 and SOLG's annual gold sales would gross $2.5 billion...