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Indeed they are, and SC is working on them. Which was my original point.
Add - we know the government is trying to support the project as much as it can. Nothing it has done has indicated otherwise.
My point is that other licences and permits will be needed.
FFS Orthern, we all know exploration is high risk. It doesn't take an expert
High risk, high gain otc
Redramp must be in a state of shock after claiming for years this was a £1-£2 certainty… and admonishing anyone who dared question his valuations…. Now even big bad Bob is admitting it’s a high risk investment..
Maxit are not retained. They only cash in with a successful conclusion
BTW, you're wrong about the exploitation agreement.
Because it signals government support for the project.
Unfortunately this strikes me as the start of a pr campaign to PIs to gain support for the AGM which could now only be 12-14 weeks away. Still a while to go by the sounds of it. Frustrating but I'm still going to hold as the medium term still looks bright. C
He's hoping better than that but we all have our thoughts. His might have a better grounding having far more data
Reading between the lines of that Ship it's screaming 30-35p if he manages to pull it off and save us all.
Bob Sangha, the white knight, pulling up on his horse to save the day for SOLG investors.
He doesn't fool me.
Shoot the messenger
I'm off to commune with the faeries at the bottom of my garden. x
Would you care to explain why Add?
It's just a renewal of the concession. It's not a mining or exploitation licence. We've simply rolled over the PL area we currently have.
There are much bigger pieces to this jigsaw than that.
Should probably read
‘We are fortunate to have the Cornerstone shares available in treasury, should we need to raise money when coffers get low, we can sell them to our inside friends at a great reduced rate… we can line our pockets around 10 pence, before washing our hands of the whole sorry lot for at least a 50% profit from there’.
I would add that a number of institutional investors own about 24% of SOLG and assume they want to see a good return on their stake? The last year or two has been investment purgatory for me, I need to see some sunlight!
Like most investors he has found the last 6 years very frustrating and largely a waste of time.
This has been caused by incompetence and infighting.
Since Cuzzubbo left (?) and we now have an adult in charge, things are a lot more on target.
Potential partners or buyers are once again starting to show interest after a long period of bad management.
We are fortunate to have the Cornerstone shares available in treasury should we need to raise money when coffers get low.
Despite NM having been a thorn in the side at time the main players are now all pulling in the same direction to make the best of their skin in the game. This includes Warren Irwin.
He is a very confident chap. Confident in his abilities to find suitors supported by his track record.
His valuation of the company being sold depends on factors in play at the time (obviously) but he certainly sees it being well north of the current position.
He certainly rates Scott and lauded his efforts getting permits renewed and the other work he is engaged in which might not set off fireworks but is very important.
He was open in admitting that its a high risk, high gain investment but felt very comfortable with his 153m shares and looked forward to making a good profit whilst admitting there was all the chance of ending up with a big zero.
Opinion
Highly motivated and experienced mining financier with a good track record and a burning desire to make this work alongside a unified team all pulling in the same direction and keen not to be f*****d over by a big miner trying to steal a jewel.
@Shipright, was it on the good side or the bad side?
This will tip our Australian friend over the edge. Should be amusing.
It will take a while to unpick what he said but I will share what I got from the call
Bob Sangha called me today
We'll have to agree to disagree. Both agreements are highly significant.
Not really Add, no.
The mining concession renewal was pretty straightforward in my view. A little bit more to the exploitation agreement but was it really any different to publishing a PFS and initial IPA as we did under Cazzubbo?
Bozi, I would say the mining and exploitation agreements are signs of considerable progress. Or do you think not?
I'm also hopeful the ongoing IPA will be produced soon.
Based on what Add? I've not seen any behaviour to separate him from previous regimes.
The only difference is that he holds stock so is more aligned in that respect.
Eloro - you've got to remember with Warren he had no way of cashing Rosseau out of Cornerstone. The prospects of doing the same at SolGold are little better right now, both in terms of price and liquidity.
You only have to look at how sheepish he gets when someone asks him about SOLG. He gets all uptight and there's almost a look of embarrassment.
Hi Bozi,
I am a fan of Warren. He is a pretty smart guy, and if he thought things are as gloomy here as some folks believe, he would not risk his investors money and his reputation by holding on to solg. That said, I invested in solg long before I discovered Warren on YouTube. I regard him as smart money. Yes, he has made bad calls like we all have, overall, he is a winner.