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Sorry red, have you listened to what Scott has said for the last 9 months?
we dont need 2.5b to develop it... we need 1b to start.... and that can be arranged in their sleep in the form of streams, royalties and debt.
Thanks for that Kohaku...
I am grateful to others who pointed me in the direction of first, ATYM and then SOLG, which have both been 'life changing' for my wife and me.
I am already planning for life after SOLG, but I would be interested in any other constructive mining ideas that people are thinking of for their post SOLG retirement.
(And no I'm not interested in GGP. Sorry.)
Critical metals have become an important geopolitical issue; does that impact investors?
MWS: Yes, geopolitics is a big theme that is definitely very real for investors. We are very cognisant of that – especially when it comes to planning an exit. When we start producing at a Latin American mine, we know that we can get buyers from China, North America or Europe. Each country is competing for security of supply and they win it by providing the lowest cost of capital or pay the best price. China obviously has a headstart in securing critical metals and I think the West can close the gap by providing sources of more attractive financing. After all, the Chinese companies are getting low-cost funding from their government, so the West needs to back its champions.
Latin America stands to benefit from these geopolitical trends. The Inflation Reduction Act is encouraging EV manufacturers to build assets in the US, which will encourage smelters and processing plants to set up throughout the Americas. Mexico seems to be the main beneficiary but any Latin American country with a trade deal with the US and good transport links will also do well. Unlike Africa, which has higher political risk and attracts mostly Chinese investment, Latin America is attractive to the US, China and the EU. So Latin America can attract all bidders.
Ahh.. the barely concealed humblebrag
As somebody who has been here for as long as many of you (7 years so far), I am no less frustrated.
But then I look at the fact that my 625k shares have cost me c£70k and only 18 months ago they would have cost £250k...
And what's changed?
Precious little...we still have the same world class resource...one of the biggest copper/gold prospects on the planet...at a time when Gold is less than 5% below its all time high (and $300 above the PFS assumption) and copper is also above the PFS assumption and looking to push forward at last...
Yes there have been wasted years, especially while there was antagonism between SOLG (NM) and BHP, NCM and CGP...three of our biggest shareholders...
Now, after the debacle of hiring a dunce and losing some good people who talked commonsense (Ingo and Ayten), we have Scott, who was in at the beginning with Guyana Goldfields and seems to have knocked some commonsense into the economics.
But we also have CGP shareholders who, having thrown their lot in, have a huge vested interest.
We have two investors with designs on the company (BHP originally; Jiangxi recently); 20 interested parties in the data room and at least five that have done in depth site visits.
The resource isn't going to go away.
The global demand for copper will soar.
Gold will plough on to record heights, and...
Sooner rather than later, one of the prospective predators will break cover and either launch a 'knockout' bid or start a bidding war a la Noront.
In the meantime it becomes increasingly tiresome, but I've never felt more that resolution is coming in the next six months.
Nobody knows how it will play out...but...
We can't take it to production because there is no appetite anywhere in the world to lend $2.5 billion to a Junior Miner valued at £271 million...
And a joint venture seems remote because why would somebody want only half the cake when they can have the lot for a few months cashflow for a major...
And in any case, surely a J/V proposal would also prompt a bid from one of the 20 interested parties
So...either Cascabel will be sold (unlikely, because that would probably also prompt a bid for the whole ball of wax) or...sooner or later a takeover will happen and we can all go back to whatever we were doing 7 years ago, rather than wasting man years on here...
Cheers one and all...
And the award for the biggest U turn so far today goes to............
I do agree the Polish are, in my experience,good people
Shipright it's now 8...2 in favour of 1984.
Quady it's 8.. 0 against you.
What does that tell you pair of muppets
After the last announcement if the interested parties weren’t 100% sure they weren’t the only ones in the race, mmmm race?? anyway they do now.
As there is no option to dislike a post, how many people disagree with 1984's post?
SM, I think Mining.com said exactly the same thing the day after the RNS, so the company have had plenty of time to deny it, but it's not in our interests to do so.
Not included in the ten prospects to farm out or sell because they’re already developed enough to sell as proven assets
Hence the turnkey comment
Sorry you’re too thick to grasp it. Most of us aren’t
ShareMarket you are right a sale would suit me, it's just not what I see happening.
When you say I will be extremely rich, 80 Pence a share would make me close to a million.
Always nice but don't need the money.
Hence my posts are not about desperation, but a honest dispassionate look at how this play is progressing.
Addicknt you are correct I have shifted my position, because the company have shifted their position.
I am not arrogant like some on here.
My position consistently follows the company direction.
Seems sensible to me.
I believe a low cost JV is good for us. As if we could deliver a working mine at early stage recovery, hitting the near surface high grade gold content, we could be up and running.
Maybe if this is possible, we could achieve this with mostly offtake.
Oh dear I see Slug remains our most unintelligent poster on here.
Solgold said that they were looking to partner or sell twenty tenements which equated to ten properties.
They said that Alpala and Porvenir were not included.
So they have said they are not for sell.
He already looks extremely foolish
Quady, if the company wasn't planning on selling Cascabel, they would not let the publication below publish this article. They would be on the phone to the journalist immediately asking them to print a correction. They would also release an RNS responding to the media speculation and assuring shareholders that they weren't looking to sell.
The fact of the matter is every man and his dog in the mining world knows SOLG and its management want this sold. When it does eventually happens, you are going to look extremely foolish. But hey, at least you'll be rich.
Absolutely Stackhigh , and most on here are aware judging by the upticks for your post. The thing is , they are so thick skinned it will just sail straight over their heads.
Quady, the opposite to a sale is a purchase. So is Solgold going to buy Cascabel? That would be a novel idea.
The opposite is not true, not once have the my ever said they’re not going to sell it.
The argument is that you don’t tell someone you need to sell something if you want top dollar for it
But...........Surely the SR does not rule out anything, and hence a sale of either the company or an asset is a possibility ?
https://www.canadianminingjournal.com/news/solgold-advances-plan-to-sell-flagship-ecuador-copper-project/
https://www.mining.com/solgold-advances-plan-to-sell-flagship-ecuador-copper-project/?utm_source=Daily_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=solgold-advances-plan-to-sell-flagship-ecuador-copper-project
The above from Quady;
"No where have we said we are going to sell Cascabel.
In fact we have said the opposite."
This is undeniably true and nobody can say it isn't.
In fact I've asked a few times why don't we openly say we're up for sale and invite offers?
It all seems strange to me. Some are saying that we should believe what the company are saying, yet won't accept what Quady has said, when he says look at what the company has said, particularly the "opposite" of a sale.
Meanwhile, yes, as said earlier, a trading share while this continues to go nowhere, with nothing in the pipeline, imo.
Has since declined to $3.69, but...
https://seekingalpha.com/news/4026288-first-quantum-franco-nevada-plunge-as-panama-calls-referendum-on-mine-contract?mailingid=33191009&messageid=2900&serial=33191009.2217&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=33191009.2217
What do solgold and their small army of Ecuadorean bum scratchers bring to the table in the event of a joint asset?
The only possible reason would be the suitor couldn’t afford to take the whole lot. That’s never the case here, just look at Mcap v NAV