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Orthern they aren't there to turn a profit you doughnut
So why we attacking now the goodwill with the locals ref the fish farm /bakery etc
These in the scheme of some salaries paid / etc is tiny
Fauzi salary probably covers them all this is Ecuador not the U.K.
@addicknt, in principle you could be right, but at the same time, if we were now in a complete vacuum with no news or activities, the share price would have started falling again. The fact that the price is showing some stability at this very point in time seems to indicate that there is a foundation and broadly speaking the only way should be up (+/- some % movements that are always possible).
About the SR, I think we get occasionally lost in the semantics. It would be absurd IMHO that we wait until June 2023 only to learn that the company has decided "strategically" to sell or spin-off or JV or go to production or else, and now how to do any of that needs to be worked out. It seems more reasonable to me that all these options have been pursued and discussed and negotiated with various parties and when the SR comes out it will indicate the executed plan, subject to whatever shareholder majority is required of course.
Orth yeah true
Id be interested to know if our coffee plantation, fish farms and bakery have ever turned a profit...
its totally absurd, that a small explorer, could take up to 9 months to review how to move forward with its only proven asset... same old same old.. slow and stupid.. how are they filling their days??
Fast and smart no? Doesn't seem very smart from my kitchen, total disaster , just keep everyone in the dark.
DM, agreed. The company really is giving the impression the SR is receiving 100 % focus at the moment, which is no bad thing, but it does make you wonder what our employees are doing with their time.
The stated ambition of conserving cash means cost savings and it would be interesting to know where those savings are being made and what the implications are. As it stands, we're in the world of speculation...again!
Isn't it conceivable that we will not get any interesting news until the SR release, which could be end June? Is there any exploration going on which will produce drilling results? The DFS appears to have been abandoned, so what else could there be?
I suppose it's possible there may be some more corporate restructuring, but I think it's more likely we'll hear about that when the SR is produced. A new CFO perhaps? Some overdue TR1s? Personally, I'm not in the camp which thinks a deal will be done before the SR, but that's only a guess.
In other words, I'm not really expecting anything for a couple of months, but I'd love to be pleasantly surprised. And yes, DBW, the Fawzi situation is a mystery.
Turn the lights off, cookiescrew, there’s a love.
Z
Evening JG
Just browsing the website it’s clear to see there’s plenty of updating needed. Major shareholders last updated on December 15th being just one example.
So either there’s no one left to do the job, they can’t be ****d to do the job or there’s no need to do the job. … All very curious …. I also notice Fawzi still appears front and centre on the about us page.
I’ve said often that I expect a press release to land one day that leaves no room for further speculation. Some theories will be borne out and some will be consigned to h the he bin for once and all ….. Just hope we are not in limbo too much longer.
We shareholders have never been able to 2nd guess what would be included in the next RNS or presentation by the company and in that comment I include SOLG management. This company is just impossible to predict what's going to happen next.
Dbw, it was a fair point to debate prior to recent events as the company attempted to play smoke and mirrors. But after Scott's comments at PDAC and no mention of a DFS, let alone production, it's just misinformation at this point and not helpful for anyone.
Ah Sharket I think you’ll find when the time comes he/she never said anything of the sort
It's less the case that it's too difficult for Solgold to construct Alpala, and more the fact that our CEO has said we're not going to be building a mine. It's really not that hard to understand, though might be hard to accept if you've spent the last few years belittling everyone who hasn't shared your view that we'd take the mine into production.
'Solgold just requires the capital' No denying that. Just one teeny weeny, itsy bitsy little problem; actually getting our hands on it.
And before you say it, no we did not have 1bn committed - that was patently not the case. As for a jv, we may as well bend over now and wait for the inevitable rogering.
Correct Bonkersman, Majors don't construct mines.
Civil engineering companies do.
Solgold is a project and we require a project manager.
People on here say it's too difficult for Solgold to construct Alpala.
Of course it isn't.
Solgold just requires the capital.
I dare say this is being discussed as part of the strategic review in the best way to advance Cascabel.
That's a sound post Bonkers..
And another reality check...
The FTSE is down 6% since its recent high, indeed down 2.5% today alone and it's close to critical support. S&P 500 has indeed fallen through support...
So SOLG is actually holding up pretty well and past experience shows it is much more correlated with the Gold price rather than copper...
So all in all reasons to be cheerful despite the frustration...
Saints for you the only way is up lol!!:) gl.
Looks like decent support at 17 thought it might have slipped further on lack of news, looking forward towards next move up.
GLA Saints
Exactly that and Solgold does not have that depth of management and would be well out of their comfort zone which ultimately would more than likely create bigger headaches than most could ever imagine..stick to what you are good at and move over please Solg
The majors don’t build mines, in the same way oil majors don’t build oil rigs and petrochemical plants, they manage the FEED and construction/ commissioning by contractors and then operate them going forward.
If you have the investment capital and the management skills then theoretically anyone can take Cascabel to production.
Of course the investment capital and management will almost certainly come from a major or JV including a major, but by no means the only option.
Strictly speaking Pbow you are correct, but they were one of the biggest explorers in the mid 20th century 30’s on.
We are in a completely different world now to when many of the now major mining companies started ..everything has advanced with technology being the key.
Rio Tinto didn't start as an explorer.