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"It would take 5 minutes to read the extracts from thwe latest MD&A which showed that PLENTY has been going on to derisk Cascabel.
If you can't be bothered to invest any time in reading the info that the Company provides on a regular basis, you shouldn't be buying shares at all."
You really can't help yourself, can you? Yet another derogatory reply when you're spoken too in a perfectly civil way.
I've told you that the market doesn't care about all the flysh*t stuff. How do I know that? Easy, I look at the SP.
You've even admitted yourself that this is going nowhere.
Anyway, I've given you every chance to have a civil debate and you simply can't do it. Because you're an ignorant, ill mannered tool, who's always right.
I'm filtering you, but the trouble is there will no doubt be tons of green totally dominating the page. Oh well, I'll live with it.
Carry on, because soon nobody will be reading what you have to spout about.
Addicknt, surely if they've already been issued, they can't be dilutory?
Bozi, another year? Fair enough. I'd probably take that if it was promised. Trouble is, it's not.
Placing was probably the wrong word. Agreed, more likely they'd monetise the treasury shares. Looking back, you have to wonder why that wasn't done a good while back? We're always going to need money until it's sold, after all. Nut then it's easy to have 20-20 vision looking back.
Sharketmare, surely we get closer every day? It doesn't make it imminent. Or even remotely close.
Bozi, I've no problem with your stance.
But I have just two questions for you.
How long are you willing to wait for the board to do something really tangible?
One year? Three years? Five years?
And what do you think is going to happen to your investment here if it does drag out?
It's like I intimated. The market has had enough and anything apart from a monetisation event is just fly sh*t, imo.
My prediction? We retain the board, they continue to do nothing of note and they do a placing, where I dread to think how low the price might be.
If I'm right, it certainly won't be at this 8-9p level. Wow, I so hope I'm wrong.
See Red, you're there again aren't you?
Always so over-reactive when someone questions anything.
Let me tell you something. Not everyone has hours to mull over sets of figures to try and make them sink in. Me personally, I work long hours and outside work I don't spend every minute of the day on here or researching like you do. And anyway, I've just been reading an interesting article called "Feasibilty study cheat sheet". No doubt you've already read it a hundred times and memorised it, but even that says that these reports are a great cure for insomnia. It's only obsessives like you who take much note of them.
Anyway I digress. My point is nobody is interested in all that permitting stuff. It's all by the by and has certainly done nothing whatsoever for the share price.
The market and people on here want a monetisation event, just like the likes of you have telling us is about to happen for years. You've been wrong for ages, but no doubt you'll be right one day. I just wonder if we'll still be around when it happens.
And if a DFS is probably still six months away, because we can't get the figures together (from what I see, every other study has been delayed), what are those 20 investors/prospective buyers actually looking at in the data room?
I am honestly concerned that it's taken this long because they can't make it look attractive enough for anyone wanting to buy it. As was said by someone earlier, no news is bad news here.
Solid bids or serious investment. That's the only thing that will make this move, imo.
All that said, I'm quite comfortable with my holding. It's not excessive and it's not leveraged. It'll come good eventually.
I have to be honest, I see these reports and usually I can't be bothered to read them and rely mostly on reactions on here to get some sort of view.
I'm off work at the monent, so have had time to have a proper look;
Maiden MRE Dec 2017
"The Preliminary Economic Analysis (PEA) is advancing and Feasibility studies will follow seamlessly. Our aim is to fast track towards development." 20th Nov 2018
Positive PEA results 20th May 2019
PEA filed 28th June 2019
MRE#3 7th April 2020
"SolGold planned a fast delivery of a PFS for completion at the end of Q3 2020." Covid caused delay. 30th Sept 2020
Revised study announced 5th Feb 2021
PFS results announced "Cascabel project Definitive Feasibility Study ("DFS") planned for completion in H2 CY23" 20th April 2022
And as far as I can see, that's it. Have we actually had a DFS and I've missed it? That's what we're still waiting for isn't it?
The reason I'm asking is I wonder if someone can tell me if this sort of timeline is about right?
I'm looking at the Lassonde curve and it's telling me that the feasibility period is 2-3 years.
Now I know we've had Covid and changes in the board etc, but since that maiden MRE, we're almost at 6 years now.
Why do I get the feeling someone's taking the proverbial here?
So nothing that moves us towards a sale has really happened in the last year has it?
Perhaps I've missed something, but I see nothing to make me think a sale is anywhere near, let alone imminent.
Fwiw, I don't think any of the big boys are going to vote against the board. They have a lot more patience than we do.
Rednight, I think you quite rightly say that us PI's won't be able to affect any vote.
In which case, it's not going to be a problem if some of us express our disapproval of what's gone on here, is it?
I'm with Fort here, I've said I don't see a sale coming for a long time, which in effect means yet another year of nothing happening.
And I strongly agree with Eloro. If you think a board should be voted down, you should go with that belief. My average here is sub 11p, so it doesn't affect me, but if I'd bought at nearer 40p, I wouldn't be overly worried about losing the last few bob either.
But then, us PI's don't hold the key to any vote, anyway.
Indeed. A breathless RNS and you can probably expect to see this double in price, like boom!
A grisly one and it's topping up time again, as it nearer halves.
Neither scenario would particularly bother me now, because I'm convinced this will payoff for me and it's just a matter of time, even if we do get more bad news in the meantime.
Here's something else to have a moan about if you don't approve of a smoking ban;
https://uk.investing.com/news/stock-market-news/bat-urges-stricter-uk-vape-regulations-to-curb-youth-use-93CH-3249326
It does seem a bit odd, this, albeit somewhat admirable. Almost like an oil company telling people to stop buying it's oil.
I keep looking at the prices of holidays, with the slight hope of getting a decent deal in either mid Dec or Jan traditionally the cheapest times of the year.
The prices are ridiculously expensive. A fortnight in Gran Canaria is around £1300 for two, even at the cheapest with TUI and more expensive with Jet2. In the previous 3-4 years, I'd have been looking at nearer £700.
And even the flights alone are extortionate. The travel companies must surely be making a fortune?
I agree, this Disney deal can only be seen as a good thing and is probably an indicator of what the company is looking to do.
As an aside, I was talking to someone I know, who's loosely related to advertising. He posts those massive advertising hoarding. Not quite the advertising executive type job, but someone has to do it and it's apparently very lucrative.
He has over 30 years experience and he says while work has dropped off a small amount, his experience is that it always comes back. I try to keep that in mind.
Otherwise, blimey, yes, I'd like to see Vorderman on the show facing Farage too. I'd also like to see her in a jungle waterfall.
She is without doubt a serious self publicist, but wow she is lovely looking.
Bridgedogg1, if you go here;
https://www.hummingbirdresources.co.uk/investors/reports-presentations/
And download the "121investor conference- november 2023 presentation" then read page 4, you'll see that the AISC for next year is estimated to be about $1375. It's not as low as some and they do have a tendency to get their predictions wrong, but let's say it'll be $1500. Multiply that by 200,000 ozs with gold at $2000 and you can see the possiblities.
As for why it has been so high recently, it just seems like the haven't been digging the good stuff and it should improve.
I forgot to add that I detest libertarians and they infest GBnews.
Weird isn't it?
It shows you can watch the channel, yet disagree with much of what's said.
Probably called having a brain and a tendency to question everything.
But even then, it does have a very laid back format.
Loses audio and video every 5 minutes though. Quite amateur in some respects.
There are 1.5 million reasons why swivel eyes is doing this.
And while he's at it, surely he might as well have a go at spreading himself to a different audience?
That idiot Nella has done exactly the same and I don't know if any of you saw the bust-up with Farage, but the was a split second where, she sort of apologised to him and he laughed. It was all staged, imo.
That Nella may well get kicked off this week, but she's massively raised her profile and will no doubt benefit from loads of clicks on whatever Tiktok rubbish she "influences".
Fwiw, I don't think swivel eyes has been portrayed too badly. There were even comments from the girls talking about how he's not too bad for someone who's nearly 60 (!)
GBnews have covered this malarkey a lot and having watched the channel for a few months, I can tell you that he said recently that he has absolutely no interest of even joining the tory party, because it isn't aligned with his thinking.
All this said as a totally hetro, very devout left wing tendancy remainer, who strongly agrees that 670,000 immigrants in a year is too much, too fast.