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So there you have it, rcgl. Our man in the string vest and corked hat knows much, much more than any of the sources or research you've mentioned.
Thank heavens we have the benefit of his knowledge.
Interesting article….. Rio looking to up copper exposure
https://www.ft.com/content/91c1ae9e-8150-4201-9952-f02efbd60693
Its the likes of solg that up the average time to production.
im in a couple of lithium mine exploration companies in Canada, discovered 2 years ago, hoping for production 2027,
ive invested in exploration companies for longer than the clowns on here have held their one share, solg.
ive seen many of my investments go bust, ive made profits on 1 or 2, and very rarely hit the jackpot.
but never, never waited 20 years to lose my money.
absolute rubbish.
there is google for the experts on here,
and there is experience.
Rubbish
Https://www.mining.com/web/copper-mine-flashes-warning-of-huge-crisis-for-world-supply/copper-mines-are-taking-longer-the-average-length-of-time-to-develop-a-new-project-is-now-over-a-decade/
https://www.spglobal.com/marketintelligence/en/news-insights/research/copper-miners-enjoy-high-profits-but-development-capital-expenditure-lag
"New primary copper mines starting up between 2019 and 2022 had an average lead time of 23 years from discovery to commercial production. "
https://www.reuters.com/markets/commodities/copper-industry-warns-looming-supply-gap-without-more-mines-2023-04-20/
"Regulatory approval for new copper mines has fallen to the lowest in a decade, according to Goldman Sachs (GS.N), an ominous harbinger as mines often take 10 to 20 years to permit and build."
Rcg. 10 to 20 years from discovery to mine.
Where do you all get these brain waves from
FMG. 4 years from discovery to mining. 3.5 billion dollars annual profit after a lot less than 20 years.
For every 20 year cycle you spout, I could probably name 10 that didnt.
Clueless
I see the italian/ english/ Australian still feels the need to respond to my every post.
Telling everyone he's filtered me. Yet responding to my every post. Couldn't make it up. Sums the man and board up far better than I ever could
Learn something new every day. Never stop studying.
The main plan is to sell Cascabel. I believe Scott stated that it has been drilled enough now, so any additional drilling there is presumably not going to affect the value much, it will just burn up cash. The process of selling Cascabel will take as long as it takes, and is not directly related to what's happening at the rest of the regionals.
We saw prior to them stopping drilling, releasing even decent drill results from the other targets wasn't really moving the dial on the SP at all. Agree with Italian that the entire mining sector is down, the froth of a couple of years ago has been replaced by doom and gloom. So I guess they have decided that keeping drilling the regionals is not going to achieve much, other than burning through yet more cash. If balances get low, they will need to come back to the market for more funding, which will just mean even more dilution for us. I'd rather they raised equity funding in a more upbeat market at a price north of 20p, rather than down here at 13/14p.
Also given that we don't know if they want to offload the regionals, spin them out into a separate entity or just sell the entire company, it's probably best not to be throwing millions at them in drilling.
Yes the whole thing is frustrating and yes I wish things were different. People are very quick to criticize the company if things don't happen immediately. In the grand scheme of things (10-20 years from discovery to mine) taking a year or so to negotiate the sale of deposit as complex and costly as Cascabel is probably par for the course, especially in a depressed market with high inflation and two-decade high rates, in a country that has been mired in political turmoil all year.
Lol, judging from that sentence perhaps you had better go back to school, unless you are still studying! 🤣🤣🤣
No he’ll of spent all his money at the school tuck shop!
Our resident Parrot seems to be on vacation today.... I miss seeing the green filtered posts...
So you're not invested here?
Italian
My reply was not in response to your post but to highflyigman
You make some valid points, I was just addressing all the posters who have rose tinted spectacles on when the rampers post 💩
Of course markets go up and down and I’ve followed Solg for many years when a friend tried to get me to buy in, he’s still invested for all his sins.
BB’s are dangerous sites especially when the ODDious couple post ramps
Tesla, I am as sour as you about SOLG, however the entire sector is down. In the last two years miners, both major and juniors across production and exploration have peaked in April and suffered the rest of the time.
There are SOLG-specific circumstances that justify the 14p, but equally if we were in a bullish stage for the sector, SOLG could easily be at twice the price.
So are COBR, ECR, OMI, and others, all exploration companies with specific issues that have been lifted when the tide was high and had a crash landing when the tide came down.
You could well just sit back and wait for a mining reversal and we could discuss the same SOLG fundamentals at a price point we would be happy to sell at.
Have you read the RNS over the past 12 months, when was the last drilling update?
It’s almost a year since they mothballed everything under the pretence of a strategic review which was basically just BS to buy themselves time and keep on taking their fat salaries in the hope that something better might come along.
Why do you think the share price is 14p……does that indicate everything is rosy……
You’ll get the ramping clown 🤡 posting look at Noront, a bit like the other desperate ramper DBW, who lost his shirt on his last gamble believing a now jailed CEO ironically in OZ, it’s like comparing apples with 💩
Most on here are delusional at least some posters actual question what’s going on rather than acting like sheep 🐑
About the technicals, I think that right now they don't tell us anything about the direction.
While true that we have not lost in the last few sessions, the trend is still negative if seen on a weekly or monthly basis. We need to break 16.2p to have positive SAR, and 17.3p to go through the supertrend.
Long way to go I am afraid, but it can change in a minute as we know...
What an excellent find, DBW! Thanks!
@Tesla, Solg are advancing Cascabel in readiness for a sale of that asset ( likely, but nothing guaranteed ), exploring drilling opportunities in the North. Scaled back and a sensible approach given thr strategy.
If you're going to come on here again and pass comment, get you're facts straight or you just look stupid. C
🤡 to the left 🃏 to the right
Stuck reading the 💩
Please 🙏 Solgold realise some news, ANYTHING!
You are such a clown 🤡
Fir a rabid ramper you aren’t too bright, did you actually read the post
A) the author isn’t biased at all he admits he has taken a gamble
B) how are SOLG advancing anything’s everything is mothballed
In your desperation to dig yourself out of the large hole you’ve gambled yourself into, you have ignored the content
What an odious ramper you are
The board was much better off with your self imposed exile
Quady. I'm in awe of your knowledge on heat pumps.
It even surpasses your knowledge on methods of block caving.
Could you possibly post your address so I can send you a postage stamp.
Then maybe you could write on the back of it a list of what your not an expert on.
Have you thought about going into competition with Google search.
Technicals starting to look promising...
https://twitter.com/goldenveg2/status/1701523009310245156?t=2blNcKXFN1sLl7KqPiE-tg&s=19
Great find DBW!!!
Pretty much what I think ….. there is risk attached but Cascabel is too big to be ignored
https://moneyweek.com/investments/6-stocks-to-buy-to-invest-in-latin-america
“ If you are willing to accept more risk, then you can take a punt on a project from one of Latin America’s frontier copper markets – Ecuador. SolGold (LSE: SOLG) is a London-listed explorer that has found one of the world’s largest copper and gold deposits. When its flagship Cascabel project is built it will be the world’s top underground silver mine, third-largest underground gold mine and sixth-largest underground copper mine. A quick disclaimer: I’ve invested a small amount in this company.
Building a mega-mine in a country that only opened its first large-scale mining operation in 2019 isn’t easy. But the deposit is too valuable to Ecuador and the world to be ignored. The most likely outcome is that when SolGold advances the project a bit more, a major miner will buy the firm at a premium to the current price. BHP and Newcrest, which already hold significant stakes, are the most likely candidates”