Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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JG. If you read my summary of Scott's Kitco interview, he was very clear that the Strategic Review will be completed in Q1
Iceberg, I recall at the time a lot of people wanted Nick gone. Now we have lived long enough to see folks asking for him to come back because he is aligned with us. I actually voted for Nick based on the fact that he found alpala. Warren is only human like the rest of us. I don't see him as an egotist. He is rightly proud of his achievements which he has a right to be. Anyway, nothing anyone post here will diminish or tarnish my admiration for Warren. So, we will agree to disagree where Warren is concerned.
Regarding this BB being toxic, totally agree with you. Imagine someone paying NAL to be disruptive here. Not to mention folks who claim they are not invested, that we are all fools, yet solg is the only share they post on!
Will this be the Warren who, the last time I had a conversation with him, was adamant that all SOLG needed to do was get rid of Nick. He was the problem as he didn’t treat Newcrest and BHP with respect. If we got rid of Nick a deal could be done in 12 months.
How did that go?
The problem with Warren is his ego.
The problem with SOLG is that they have no real strategy.
They have the best exploration licenses on the planet imo but are doing nothing with them. Barmy.
Anyway I don’t really want to spend much time on here as it can quickly become a bit toxic.
Listening to the company keeps you informed per Quady
$4mn disappeared and we've been informed what on the disappearance
A strategic review with no end date - what does that tell us ?
Companies in the data room - hopefully this will be repeated in the accounts and therefore audited so we can see if this statement is true
previous CEO about more tenements off the taxi rank - only to be found he became an Uber driver
well red, for one thing i cannot imagine that for barrick ****stan or the middle east in general is less risky than ecuador these days.
if you have mark bristow's number, perhaps you could give him your solg pitch!
Good points Quady.
However, I can assure you that Warren is just as frustrated with the lack of progress as we are. Perhaps even more so given that his reputation is on the line if doesn't deliver for his clients. He recently stated that he wished that he sold all in 2017. That is Warren at his most frustrated!
FOMO rules...
The ultimate driver of US Markets...e.g. FAANG and Nvidia...
Ecuador doesn't yet rank in the 20 countries with the biggest copper deposits in the world...
https://finance.yahoo.com/news/20-countries-largest-copper-reserves-142448262.html
https://www.insidermonkey.com/blog/5-countries-with-the-largest-copper-reserves-in-the-world-1156458/5/
And neither it nor Oyu Tolguei make this list (Alpala 12.6MT)
https://www.mining.com/featured-article/ranked-worlds-biggest-copper-projects-2023/
However, maybe Newmont can save the day...
https://www.wsj.com/articles/newmont-agrees-to-acquire-australias-newcrest-for-17-5-billion-30fe3300
But we should rank No.10 in this list of Gold prospects...
https://www.mining.com/featured-article/ranked-worlds-top-ten-biggest-gold-projects-2023/
And that...plus the markets correlation of SolGOLD with the gold price, could ultimately be the driver here.
I would still love Barrick to be our ultimate buyer...
https://www.miningweekly.com/article/worlds-no-2-gold-miner-is-trying-to-get-bigger-in-copper-2023-06-19
Eloro too many people on here listening to Warren Irwin and not listening to the company.
Listening to Warren Irwin leaves you frustrated.
Listening to the company keeps you informed.
Totally agree with you Fort. Fear of missing out kept me holding, and not selling even when my loss threshold was crossed.
I don't remember Iceberg. He is not off to a good start with me, sl-agging off my hero, and fellow Canadian, Mr Warren Irwin. A winner from the Bre-X saga:)
Eloro, I think theiceberg sold mid 30's and he did so because he didn't like the way it was going and expected a sale earlier. Hinsight is a wonderful thing and looking back now of course many of us wish we had done the same. Problem is... turn back the clock and sell in the mid 30's and you know what happens... bid war follows and you're left on the sidelines watching the sp go past 80p+. That was the heightened sentiment at the time. Regardless of the share price right now, I'd say we are closer to a monetisation event than ever before. It simply has to happen over the next 6 months otherwise SOLG are staring at a serious cash issue and I'm not sure a royalty option will be achieveable again. I think that's why CGP boys stopped all exploration and cash burn on this year. They wanted enough cash to last through to June 2024. So imho they know or knew the date that they wanted to get this done and dusted by and that's the date they are working to. Whether that comes earlier or bang on the cusp... eg nice excuse to place those 100m shares with maxit or mates for some -tie-me-over- funds while deal completes cough cough.
I think they'll need to announce something before the AGM... just a hunch but based on DEC 22nd AGM date (not confirmed yet) then it's only 13 weeks there on till Q2. And that leaves just 11 weeks or so cash left. Any deal will take at least 6 months to fully complete before shareholders get payout although shareprice should align to offer price at some point give or take 5%.
Hi Fort, most of us didn't exit at 40p, which I strongly considered at the time, because we had no idea how solg management would mismanaged the company. Although the missing 4M should have been a warning sign perhaps. I held because of the belief that the asset exist, unlike arcm, and that it will be sold unless nationalised.
Welcome back theIceberg. You did well exiting in the mid 30's I think you said. I think most of us would have liked to have exited there and bought back at 10p so lucky you. That said, I can see you didn't do too well on XTR and PANR so hope you didn't go from the frying pan into the fire. Once of the toughest things to do in the markets or investng is selling up, banking the cash and then ignoring the lure and opportunities of other stocks. The market has a way of 'getting' you back when you've made a quid or two out of it.
Good to see you back. I think you'll make a few bob from a 10p entry level. Reward for your patience.
@theiceberg.
Quality.
Thank you.
Blimey, now there's an (ice)blast from the past. One of the handful of posters on here who was able to properly analyse what are had in the ground. From memory you left to stake a chunk over at XTR (I hope you sold the spikes!).
Nice to see you back here.
Talatum what on earth are you on about ? Who’s talking about insider dealing ? I’m just relieved that this looks like it’s had mouth to mouth today 😉
I think you’ve mistaken me for someone who has scruples 😂
I’ve been buying for the first time since I sold when nick was booted out. I’ve been watching the sheer idiocy of the various ceos and board members and the hypocrisy of the cgp lot (ie The warrens of this world).
I have no faith in the bod except for their greed which at this price seems like a pretty good bet - although I don’t think it will go back to the level it was when nick went.
Not much good to say but 10p is too low even accounting for the market cap and extra shares.
Novicehunter, If that happened then the directors would surely be guilty of insider dealing.
Hmmm you sound like you are from the blue half……
And in mine
Lets hope they are as good with their exit price as they appear to be with their entry price.
They may haved picked their own bottom. Yuck.
Looks like they might have timed them nicely …. That was lucky 🤔
🚀 🐌
Dare I say it 55p by Friday?