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Test drilling for tailings dam due to be completed by the end of the year. Negotiations for the land containing disused railway line to be used for pipeline currently underway. https://www.goldforumamericas.com/company-session/2943/
We'Re NoT MiNe BuIlDeRs
When we begin construction of the concentrator, or who begins construction of the concentrator ….. lol
09:45 min
'We are getting this thing permitted and ready to build.... again, we are not going to build this ourselves....'
Who is then???
Sounds like it's being tailored to an interested party imho. The lower capex and phased approach is a 'chinese template' to mining lol!
CRCC-Tongguan style!
This was actually quite good to listen to… better than previous presentations, and also quite good to watch.. for those non verbal cues a person gives away when they talk…. They can show a confidence, or betray a person and show them uncomfortable when covering certain topics… and some of that was on display here.. He seemed to struggle to look out at the audience when he was covering certain points.. maybe uncomfortable at talking to a half empty room..
Lots of small details, hints, and suggestions etc that can confirm or contradict views people already hold here…
Scott kept repeatedly, more than was comfortable in my opinion, mentioning the mine is planned to start considerably smaller than originally planned.. that was hammered home again and again..
Just my opinion but the answer to the hosts end question, did not exactly scream confidence and advanced talks with interested parties are taking place… it seemed sheepish and almost embarrassed about the issue being raised and questioned, after all this time holding a strategic review and having no developments to point to..
I expect no news until next year regarding the IPA and final permits.. PFS update probably Q2
Looks like the fairies are building up.
Shall we get a thousand oompa loompas instead?
The confusion remains. What does the 'we are not going to build this ourselves' actually mean?
1) We will have sold Cascabel?
2) The construction will be undertaken by a third party under our management?
3) A jv partner will take on responsibility?
I'm guessing SC understands how ambiguous this statement is, so why is he so happy to keep saying it?
I believe when he says that, he is talking to the wider market… who he knows don’t for one second believe a tiny exploration company, with no experience of mining, and Solgolds proven track record of failing to do or deliver anything, even just the small things, on time, or on schedule, are capable of building a complex underground mine… certainly on time and on budget.. We are not… Now he is the one in charge, he sees and accepts, no one believes this ‘we can do it ourselves’ nonsense.
That bluff has long gone and we are left trying to monetise something without any timeline…. and after watching last evenings video, seemingly without any success.
Solgolds management seem to have identified they are hapless when it comes to meeting any schedules and timelines… so rather than improve the management, and get better, they have chosen to remove the schedules and timelines… and just continue..
Addicknt, just had a look at yesterday's presentation by Scott.
I was wondering if the Block Cave Consultants they have used for input might give us some indication who is REALLY INTERESTED in the Cascabel project. Anybody know who these consultants work for or have worked for?
Heavens knows where we are really heading. "To sell or not to sell, that is the question" - to steal a phrase from elsewhere!!!! But on the little cash we have, we cannot hang on for ever! $6mil just to hold the large number of tenements and they need drilling!!!
The blockcave example he gave and that they are going to follow is based on the template that BHP are applying to OZ Minerals asset. So that certainly gets the mind going doesn't it? So they are following BHP's stratgey on blockcave mining now?? Mmm?
One thing Scott said that does need addressing is this constant reference to CGP shares but not as 100m shares, instead he refers to them in capital terms eg dollars. He said they have $28m worth of shares at hand unless I misheard??
It's not the first time he has referred to the CGP shares in dollar terms. So has he already got a preagreed buyer for them and that's how he arrives at his $28m? That's roughly 22p a share. 50% higher than today's price.