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Italian. How very true. That's all I'm trying to put across in my uneducated way. Of course I'm not saying there won't be any investment. I'm simply saying just because it's solg, and we all think the sun shines out of mathers proverbial, there are issues to be resolved. If Lasso, as looks likely is impeached, you could have a snap election, and all that entails. Solg needs selling, and selling fast.
Methink, when last week I was listing the three main topics affecting the SOLG price at the moment, that country risk is indeed a concern and the one we cannot control. The other two variables (IMHO), i.e. spinning off the regionals before selling SOLG (corporate challenge) and how to resolve the block cave approach economically (technical challenge), are the foundation of the Strategic Review that is required to allure a buyer.
But if a country gets toxic for investors, whether or not this is the case for Equador and whether or not it is to such a degree to push even the Chinese away, it might push us back years.
Just for balance and hopefully not of course.
Copperpot lol!!:),I can read aswell!!:)
Wow....Bubbles posts have just changed considerably. If I didn't know better I would have thought it was someone else posting under his name! All guises slip from time to time!
No worries needalife ,last month the government received $250 million dollars in revenue from mining activities I think ,now am sure any government would want to quell any disruption to keep the mining industry happy and employees and communities and other activities like infrastructure and plantations and continue to encourage investment into Ecuador imho but let's see how they deal with it
Thanks for taking the time to post the info dm. Explains what I missed.
Needalife you still trying to pull it down?,those areas nowhere near solgolds portfolio and just for record have a look what solgold are doing in the areas they exploring for everyone not just the Ecuador government,plus they been here before dealing with things like this watch what happens I think
Yet investing in let's say somewhere like Iraq is?
It's a bit of a US trademark isn't it to invest unstable countries and even destabilise to make it a more lucrative investment.
Dm. Just read the dm&a. Im not to bright, as has been pointed out. But I can't get my head round how you came to the conclusion were drilling at this particular time. Ie end of April. The report seems to be out off date. Would be grateful if you could cut and paste the relevant paragraphs.
Hope you have a good week
:))
Yes I agree fortissimo,May will be a clue to which way it's going imho
DM, no need to be defensive as wasn't being critical. I think the thread or question on MD&A was started by Orphencopper who in his normal drum way said "There is sod all they can discuss and analyse with all operations shut down… Wondering what it can possibly say" END.
Most of us know what it will say... that was my point. A non event. BoA Metals conference around May 18th more likely to see a new presentation assuming we are presenting there again this year. If we are not presenting... then it does suggest the end game (sale/deal) is very near.
Thanks dm
The upcoming MD&A (mid MAY) covers quarterly financial period ended 31 March 2023. So any events from Jan 1st through to March 31st. So they'll cover off completion of merger and delisting etc, issuing of shares blah blah blah. Prob some ongoing field studies, rock chip samples blah blah blah. And of course some further studies on Alpala. Pretty much all of it is already outlined or forecast in the last MD&A. So I can't see any surprises and MD&A more a formality for market regs than an update.
If multiple NDA's have been signed and they are in discussions with buyers or partners etc, none of it has to be disclosed (unless they want to) as the discussions likely to be by 3rd party eg Maxit and as such may not involve 'management' discussion' until Maxit have presented their workings or progress update to the BoD's.
So I doubt the MD&A reveal anything other than what we already know.
The MD&A for April 1st through to June 30th will be the one to watch assuming we have had zero news. I doubt the latter, but pressure to deliver will be building toward June for sure.
Market backdrop looks set to improve from H2 onwards as inflation dips and rate rises slow or end. PM's should be doing well as globe gets back to growing GDP after contractions and post covid woes.
Anything on Ecuador Gov or mining discussions will likely be released before MD&A if meaningful otherwise if continued talks etc, then it will say just that.
Would be good to see Ecuador & Chinese sign FTD in next few weeks or couple of months etc.I just get the feeling that we might be held back (hands tied) until that landmark and historic globally significant deal is officially pen'd.
DM yes they'd made that mistake before with sedar,sorted now I guess
Well I can't see any sort of consolidation tbh the company is drawing to a close ,they not going to do anymore fundraising imho ,well done addicknt with thg ,was in and out with that one as I also felt it would disappoint hey ho move on ,let's hope this gets sold soon to the benefit of all invested
Well done with THG addicknt, I had a little bit of luck with SUR, first time ever I have woken up to Takeover RNS, hoping this won't be the last one either......
That all sounds fine with me Add but I'm pretty sure they won't do it.
IMO, for everyone to get a 50p special div on Cascabel, ENSA would have to sell for at least £2bn.
Besides, how do you feel this ENSA sale option sits with the current skeleton company structure and mass reduction of headcount by caldwell?
Good luck with THG. One I've had a couple of dabbles with in recent months but completely missed the recent updates.
Glad someone made some money on THG this week add, one of my closest friends sold his entire 270k stake the Friday before as he ( correctly ) forecast the results would dissapoint! ... just didn't see the takeover panel intervention coming I guess! Funnily enough I might see Matt Moulding in the gym this morning as he's a Sunday morning regular.
Fort sums up my opinion on Fridays rns, the optics of putting this news out last thing on Friday are terrible and tell you everything you need to know. 'Fast and smart' Bob... remember - get the hell on with it! C
Morning addicknt, congrats on THG, nice little earner. I mentioned UPL months ago, look at their performance over the last 6 months. There's still plenty to go there ;-)
I'm not ramping, just an honest opinion.
Leave 50m in the plc, raise another 25m and a 100 for 1 consolidation. The option beneficiaries will then really have to earn their keep to create value over the coming years. Of course, there's the 'minor' issue of the royalty debt, which I guess will go with Cascabel, thus reducing the amount a buyer will pay.
The truth is I don't have a scoobie which will way this will go - none of us do. Each possible route has advantages and disadvantages and perhaps the cleanest and best option is simply to sell the whole thing, although we'll get the square root of fa for the regionals.
In the meantime my attention has been focussed on THG. For the first time in ages, last Monday I decided to have a punt and took advantage of the strange delay in the market reaction to the weekend press commentary. I think there was about an hour delay between the market opening and the significant price rise, which created a nice opportunity for private punters. As far as corporate shenanigans go, THG takes some beating.
Morning dm. Trust your having a good weekend.
Ive just caught up with your Friday post.
." It is incorrect to state all operations shut down. As far as I'm aware, there is still exploration/prioritisation taking place, just not drilling anywhere other than ENSA. Although a regional drilling programme is 'planned' for H1."
I must of missed something mate, not being the brightest. Is it possible to post a link on here, appertaining to this.
Thanks in advance
Will they really do that with a prospective regional portfolio to fund? Unlikely IMO.
It also doesn't give optionholders much scope to exercise given where the SOLG SP would be ex-div.
So, I'm not sure it would satisfy everyone. It would give everyone a little kicker but everyone would be well underwater on their stock.
Divi out the proceeds, or most of them. This should satisfy everyone.
So with a sale of ENSA you're relying on the market valuing SolGold at the consideration amount.
I'm not sure this option gives us the exit point you think it might. The stock would spike and stale bulls would fight each other for the exit.
It also does nothing to help our Cornerstone investors now holding SOLG in size.