focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Some dates have changed. The PFS seems to have stayed the same but the conditional finance package and fiscal negotiations have been extended out by a further quarter.
Oddly they've left both presentations on their server, so you can compare yourself:
https://www.solgold.com.au/wp-content/uploads/2020/12/SolGold_Corporate_Investor_DEC14.pdf
https://www.solgold.com.au/wp-content/uploads/2020/12/SolGold_Corporate_Investor_DEC14-1.pdf
It's not that simple though is it?
GGP can monetise their asset quickly with minimal capex - there's a multi-billion dollar processing plant built and ready to take the ore.
I made a tremendous profit from GGP and have now invested heavily in SOLG.
SOLG looks terrific but patience is required. Unless there's a bid (quite possible in my opinion given the copper story unfolding) it's going to take time to play out.
You could be right sunnybne.....NM's been recorded on past interviews stating that he'll "never retire".
My view is that a deal for SOLG will be done within the next 12 months. NM's clearly a dealmaker, he's got past form for this in previous companies he's been involved in, and he has a significant personal financial exposure to SOLG's share price through various entities he's involved in. As they say, a leopard never changes its spots.......
Alpala is a rare beast, given its size, and NPV looks decent. Porvenir looks extremely promising.Porvenir's vertical depth could lend itself to block caving, like Alpala. Newcrest's Cadia mine is a nice example of how a relatively low grade underground deposit can be mined extremely profitably with modern block cave methods.
I can't imagine a third part would bid for SOLG pre-PFS, too much career risk for their M&A team given the relatively high market cap of SOLG and the required bid premium. Hopefully NM's plan is to get as many drill rigs turning as possible, drum up interest in multiple tenements, issue the PFS and then field offers from interested parties.
I'm looking forward to the next 6 months. Everything to play for and lots of bonus upside available from new drilling (Rio etc.).
It still puzzles me why Cornerstone were quite so averse to SOLG's bid. If they'd accepted the bid and consolidated Alpala's ownership to one company, it seems to me that the corporate rationalisation could have been the catalyst for considerable value creation and a possible bid for SOLG. The current situation remains messy - I hope SOLG and Cornerstone can reconcile to enhance value for shareholders of both co's.
Not a geo, but a long suffering small cap exploration investor and it's clearly not gold. The assays would be off the scale if that was visible gold. It's chalcopyrite (which is a golden colour), as stated in the image descriptions.
redknight - It's your platform that's the issue, not a lack of shares available. IG is giving live quotes to buy 200,000 shares at just over 36p/shr and has been all morning. I can buy or sell at quote with no problem.
Thanks pinot. Interesting article.
INV's interpretation of this ruling sounds like positive news for SOLG:
https://www.invmetals.com/news/constitutional-court-of-ecuador-upholds-legal-rights-of-mining-concession-holders/
My understanding is that SOLG already hold the relevant concession rights, and based on INV's interpretation of the ruling, is protected. Per SOLG's website:
To conduct exploration in Ecuador, a mining licence must be granted by the Ministry of Mining and registered with the respective mining registry managed by the Agency for Regulation and Control of Mining (“ARCOM” (Agencia de Regulacion y Control Minero)). The term of a mining licence is 25 years and is renewable for similar periods upon request by the licence holder. Once the licence has been granted, exploration may be conducted for a four-year term, which is identified as the initial exploration period and governed by Article 6.
The holder of the licence is entitled to request a further four-year period from the Ministry of Mines, under Article 7, to proceed with advanced exploration. At this point, part of the exploration licence will be relinquished, although there is no legislated minimum area to be dropped. The Ministry will process this application provided the company has met the minimum investment commitment during the initial exploration stage and submitted a plan of activities and minimum expenditures contemplated under the advanced exploration stage.
Paddy, nice work, thank you.
For the high grade sulphide zone, do you think it would be more prudent to use the dimensions provided in the latest NCM quarterly exploration report? NCM's figures provide a sulphide zone volume of approximately 4.7m m sq against your 6.3m m sq. Any reason not to use NCM's dimensions for the crescent?
As a reminder, the Angry Geologist's article, which the green fool likes selectively quoting from, concludes as follows:
"It is great discovery by Greatland Gold, there are potentially excellent synergies with Telfer, that, in my opinion, make this deposit an excellent take-over target for Newcrest."
"If your cost was £50 and you sold for £100 then you have made £50 which is 50% profit!! Take it from me as I’m a year 6 primary teacher who teaches this constantly!! The only time you can get 100% profit is if you get it for nothing !!!"
What the actual........ It doesn't even sound like you're joking???!
Or he was the former technical director, I should say.
https://www.bloomberg.com/profile/person/16289744
Hi TakingMyTime,
I have another suggestion:
Depending on the structure of the options, tax payable by GH is quite likely based on the difference between the market value of the shares at the date of exercise and the amount paid for the shares under the option.
If GH believes the share price will be higher nearer to the expiry date of the options, it would save him tax upon exercising the options to exercise them now rather than wait. If this is the case, this is obviously a positive sign.
Also, I think your point about insider trading is a non-issue. Usually if you have options expiring at predetermined dates as part of a remuneration package, there are specific exemptions allowing employees and directors to exercise those options in the normal course of business, regardless of knowledge of price sensitive information.
Pickett - I'm not sure anyone who's been invested in GGP for a while has forgotten about this.
GGP will issue ~145m shares to the old land owner of the Havieron tenement when a decision to mine is approved - it's a form of deferred payment for the land. No big issue in the scheme of things. Valuations for GGP are prepared on a fully diluted basis, inclusive of the dilutive effect of these shares, so it's a bit of a non-issue.
Spymaster - think the spring sun must be affecting your grey cells :) They certainly did say who was doing the exploration in the Paterson (not sure about Firetower in Taz).
Just to jog your memory, GGP have previously been very clear that DDH1 have performed drilling, to the extent that they issued shares in GGP as part payment. It's detailed here:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GGP/13792265.html