Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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So we have announced a friendly merger with cgp meaning we now own 100% of Ensa..
We have announced a successful raise of 50 million meaning we can keep the lights on and progress towards a DFS for Cascabel.
And still there is no market interest in buying in to the Solg story… the market still show no belief in what our board are doing, or have announced they plan to do. The volume traded here, shows no significant institutional buying to secure or strengthen any position, despite so many voices on this board insisting it’s being bought out any day.
Given we have heard so little from our board regarding Porvenir over the last 6 months, Im not expecting that resource to exactly blow the doors off.. there has been no shouting, referencing or promotion of it for so long I’m thinking the board already know it’s not quite what they/we hoped it would be. I have never bought in to the conspiracy theories of Solg potentially holding back incredible announcements /news as some form of ‘defence’.. it’s nonsense.
I admit, I thought securing funding and therefore stability, all be it, not a great amount, would have pushed us further than 17/18p.
PFS update soon, but if that advanced study doesn’t add significant additional value to the NPV how will the markets react?
The markets view on The Solg story seems as weary as mine..
The "Solg story" is currently being ruined by three disastrous words: "going into production".
The market sees the prospect as nothing but a money pit.
Get that nonsense out of the way and watch us fly.
Is it, sean? As far as I can tell there are only a handful of people on this BB still talking about SOLG going to production. The company have even stopped talking about getting to DFS, let alone production in 7 years time. We're undertaking a strategic review, that's the sole focus at the moment. Those 'in the know' i.e. Irwin and co. seem to think that releasing full value is "in progress", and for them that means a sale of either the whole company or of Cascabel so they can take their money and move on. So we can take some heart in that. Perhaps upon announcing the outcome of the strategic review, the market might start to take more of an interest as we will have publicly dropped the production schtick.
I think there are two elephants in the room.
1) Do we actually have an interested buyer lined up, and if so, at what price? Bearing in mind, they are buying a tier 1 asset yet to reach a bankable feasibility study and a load of other license areas that require not insignificant investment.
2) We are inching closer towards another election in Ecuador. Realistically, whoever wins that election is going to have to green light mine development at Cascabel. This has to be a serious consideration of any major player willing to stump up the cash to buy either the asset or us as a company outright. With the global economy teetering on the edge and the world over becoming increasingly polarised, who knows which way the Ecuadorian people will lurch over the next 2 years?
I know ColonelDrake shot me down last night for saying this is somewhat of an Ecuadorian crapshoot, but to suggest that our future doesn't come with its fair share of risk and uncertainty is silly, IMO. The market will be all too well aware of this, too.
You make a good point Sean, about those 3 words.
I wonder how the SP would have panned out over the last few years if we had simply stayed as an exploration company and never mentioned those intentions, whether serious or bluff.
I'm glad I was out playing golf...what a load of juveniles...
Out playing golf?
Boring old codger.
SharketMare,
Alpala is a tier 1 project. It's going to be producing for 20 to 30 years+. It's going to take roughly 5 years to build. Inching toward Ecuador election?? Lasso was elected in spring 2021. Next elections are not till Feb 2025!!! Inching closer?? Have you lost the plot or something or desperate to find something to worry about... 3 years+ away! Of course politics has a factor in all countries and mining. But Alpala/cascabel will probably see around 6 election terms with different leaders on many occasions. Get used to the idea. Super majors are well adversed in dealing with governments.
You were wrong about the fund raise, wrong about the royalty and now you seem to be suggesting that there might not be a buyer interested in SOLG or Alpala? I think you need to take a look at yourself and start questioning your own analysis.
You have absolutely no idea of whether SOLg have zero buyers lined up or 10.
Forget DFS for goodness sake. Do you really think a buyer is going to be following SOLG's PFS and DFS blueprint?? They'll rip the lot up, size the mine twice over and make 3 x the profits albeit with double the Capex. That's how super majors work.
Take a look at Noront. See if you can spot any interested buyers in the stock before first bid landed. Any trading waves? Any noticeable action?? I'll save you the time. Zero. All was flat as a pancake until someone made the first move.
Noront 23cents one day became 55 cents another, then 75+ and then sold for 110cents. A 5 bagger.
A 5 bagger from 18p would see 90p for SOLG. Just imagine that.... or in your case.... perhaps not.
Fortissimo great summary there no brainer this is a multibagger from here
Colonel, Feb 2025 is not "3+ years" away, it's just over 2 - can you count? Yes I'm well aware Alpala will exist through many elections, but at current pace of progress there is a good chance it'll be someone else in charge when we need our mining license and want to start construction. Should that come to pass, all of the equity we have built with Lasso and his party is rendered useless.
This is why the much derided ESG work we do with communities and people is so important - ensuring we have advocates local to where we want to build who can curry favour with the government at the time.
I've never said I have any idea about the number of buyers lined up, and neither do you. I think comparisons with Noront should be taken with a pinch of salt given we are talking about Ecuador and not Canada - but I've never suggested this share doesn't have the possibility to do the same - I think the upside here is big, but comes with a dose of risk.
Finally, were I to trawl back through your posting history and pull out everything you've called wrong, I'd be here all week. You're a fantasist who spends his time outlining each and every possible eventuality, sadly for us having to wade through your drivel, just never the right one.