Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Morning all..... now for something completly different
Has anyone got any comments on the Water project we set up before Christmas with the Yawi Community in the Cruz del Sol subsidary. Is the area near the the Warwinza Project, was this area on the list for joint venture/sell off.....anyone got any information.
Pinot
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There we go answered my own question....Food for thought better thean arguing all day...!!!!
Regional exploration activity has identified the Helipuerto project as the
next most important target for the Company. The Helipuerto concessions lie on
the southern margin of the Solaris Resources discovery at Warintza where
Solaris has published an in-pit Mineral Resource of 579Mt at 0.59% CuEq in the
Indicated category. Geophysical, geochemical and geological analysis indicates
extension of the Warintza system into SolGold ground and SolGold is expediting
the delivery of drilling and environmental permits to drill test extensions to
the mineralised system. An initial focus at Helipuerto is on the delineation
of the size and tenor of the Tinkimints copper prospect including mapping and
sampling of the area directly south of Solaris's Warintza copper-gold porphyry
deposit.
Pinot
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Thank you pinot, you are one of the few posters on here that talk about Solgold.
Happy new year.
Happy New Year Quady
Pinot
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I would not get your hopes up about the regional exploration activity, there has been a steady flow of so called areas of high interest that have lead to very little. Remembering how they talked up Aginaga (I can barely remember what it is called) which shows how great that was.
I think it's another case of how Nick talked these things up. He gave the impression to laymen that this solg blueprint of exploration was so good that they had a high level of conviction about anything that looked good on surface. That has shown not to be the case clearly.
You can look at it in two ways, they big it up a lot and we are very unlikely to find another tier one, or it just shows you how rare these things truly are, and we should count ourselves lucky indeed for having found one.
Good afternoon Monte.
The thing is a lot more is happening in Solgold and all these areas are in their infancy.
Because of COVID and the concentration on Alpala, we don't know what the state of play is.
I do however believe that the strategic review will encompass what is occurring throughout the entire business.
Hahahaha...Quady that woul;d be hysterically funny if it wasn't so sad...
"So you compare BHP to Solgold on percentage of trades.
That is mad.
Take a look at other companies like GGP and compare them to Solgold on trades.
Especially when there was a lot of activity.
0.5% is what you require to show you that people are at least noticing Solgold. "
Please quote me the official reference that states the last point...? Or are you the authority on this as well as everything else?
You ridicule comparing SOLG to BHP on percentage of trades and then cite GGP...
There are only three shareholders in GGP with more than 3%...thats a VERY divers book...
Wyloo 8.6%
Van Eck 4.6%;
Five Diggers 3%
Whereas we have
BHP Group (UK) Ltd. 13.5%
Newcrest Mining Limited 13.5%
Bell Potter Securities Ltd. 12.5%
DGR Global Limited 8.89%
Cornerstone Capital Resources Inc. 6.84%
Bank of Singapore Ltd. 5.00%
Tenstar Trading Ltd. 4.70%
BlackRock Investment Management (UK) Ltd. 4.38%
Nicholas Mather 3.95%
Samuel Holdings Pty Ltd. 89,915,834 3.92%
There may be some duplication but that lot totals 73.3%...
And as you can discern on here the vast majority of posters are long term holders maybe occasionally like me trading at the margin.
The shares are simply not traded because the story is so good.
Thats my last comment..filtered again.
I confidently expect a drilling update soon...probably Moran/Tandy/Cascabel...but I would love Helipuerto...
Hi Montecristo.....
It's worth a look at their project and who they have on Board. Not bad news to be sitting next too.
Pinot
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Good afternoon to you too Quady.
I'm very glad we are having a strategic review.
Hopefully it will finally give clarity to what is happening here and we should all be a lot wiser for it.
Not so we can argue about who's wrong and who's right but just to have a clearer idea of what the board are intending.
Ooops a link might help
https://www.mining.com/ecuador-signs-investment-contract-with-solaris-on-warintza-project/
Pinot
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Monte - are you really going there?
All exploration companies talk up their targets. How else do you expect them to secure the investment to pay for the drill contracts? Who would invest in a company where the CEO says,
"Yeah we've got this ground in the middle of nowhere, we've no idea if it's prospective but we're going to drill it anyway. Fancy contributing to the cost?"
SolGold said the geophysics for Aguinaga looked promising, whilst they were delineating 10mt copper, 22m oz gold etc etc next door at Alpala. I think that transformational discovery granted them a pass.
Yes Aguinaga didn't come off and neither did very early works at La Hueca and Rio Amarillo but that's the exploration game we're in. As investors, we should want and expect a company to have as many rolls of the dice as possible, and SOLG certainly aspired to that when taking up the regional portfolio.
Now, IMO, they should be sticking a couple of holes in at Helipuerto, adjacent to Warintza. A duster there is already priced in you could argue and another Porvenir type discovery changes the game again. Another Alpala type discovery and all the earlier multi-pound price targets come back into view. It's a no brainer.
This company shouldn't be criticised for bigging up it's assets and it's methods. We can criticise Mather as much as we like, and he tends to be an easy target, but SolGold have shown they are capable of discovering large assets, so they should be afforded the resources to find more.
Yes Bozi, very eloquently put as usual.
I suppose the point I was making is, yes all great and good luck, but never forget( and this is to us souls that have been here 10 years and are not geologists, not new investers) than believe it or not, it is still very unlikely will we find another tier 1.
As the Americans like to say, you can have your own opinion but you can't have your own data.
And as the data says, tier 1"s are very rare.
Statistically Monte it is unlikely that we find another tier 1. It's unlikely that anyone finds a tier 1 anyway.
We have one. We also have Porvenir.
So which horse should investors be backing. A company with two clear examples of a significant discovery or a company with aspirations?
I've got companies of each profile in my portfolio and I can tell you I'm more comfortable about my SOLG capital because the discovery has already been made and is proven.
We don't even need another tier 1. We could go and find another couple of Porvenir type assets and that would add pretty significant value to the company.
Surely as investors we should be looking to capitalise on a position of strength, rather than say chucking the lot to someone else early doors and looking to re-punt our capital on the junior dreamers?
I've changed my investing philosophy over the years. It's highly unlikely I personally will invest in another exploration company.
Obviously a younger or more risk tolerant invester may think differently. Any future profit from Solg goes straight into ftse 100/250 dividend payers for me.
Same strategy as mine Monte.
When I eventually exit Solgold I will add to my dividend income.
Looking at dlg, vod and maybe a house builder.
Quady
Do your research with Vod, very high debt levels and shaky div cover. Made lots of div over the years but always erodes capital
Red ….. looks fairly unambiguous to me lol
Monte I'm with you...
Show me the money and I will load up with high paying quality UK stocks...
Hello Monte Vod has always carried high levels of debt and I got out after I picked up the one pound dividend after the Verizon deal.
However they are slowly dealing with their pension deficit and their debt burden is reducing slowly.
I believe they will continue to pay around 7% dividends at the current price level and as such have been building a position again.
I have sold my Lloyds shares to top up DLG and VOD.
I wish I had sold them after the Verizon deal. That was a great call.
Bozi .. to be fair you say it is unlikely that anyone finds a Tier 1 but you are keeping quiet about another one you are invested in ! Lol or would you not describe Ewoyaa as a tier 1 yet ? .. sorry to all for off topic
Economically it is N2S but i feel that we need a few more resource upgrades and a new life of mine projection to get to true tier 1 status.
If they can get to a 20+ year mine life with a respectable throughput then it will be the next.
But there aren't many Ewoyaas out there, undiscovered or partially discovered.
17.02 paid...roll on Monday...