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"Egyptian billionaire Naguib Sawiris has set up a $1.4bn fund to hold his gold mining investments and pursue new opportunities in the sector, which he says is need of consolidation."
Sooner or later a larger player is going start buying up mining companies like SOLG. It might be the Chinese, an Egyptian billionaire or a BHP but it is going to happen and when it does I shall enjoy taking some profit.

Agree with your comments below but clearly the market unenthused hence the sp not gone far over the past few weeks.

Meh! What counts is the production of gold rather than speculative grades from drilling samples so hoping to see more metal poured in the next 12 months.

"Central banks around the world are anticipating an increase in gold reserves over the next 12 months, with most citing “uncertainty over economic recovery from the Covid-19 pandemic” as their reason for buying gold, according to a survey prepared by the World Gold Council."

Apparently Gold ETFs in Asia proving very popular which is always encouraging as it might give the gold price a lift.

From the FT today, an article on booming gold ETFs in Asia:

"Central banks around the world are anticipating an increase in gold reserves over the next 12 months, with most citing “uncertainty over economic recovery from the Covid-19 pandemic” as their reason for buying gold, according to a survey prepared by the World Gold Council."

Personally, I liked the idea of a JV with a tin miner because prices are and demand are very high but each to their own. I see OMI as a hold and be patient.

Maybe, maybe not. I just bought back in a few weeks ago to stick it to the old board members and shorters who had tried to destroy this company. It gives me a warm feeling of satisfaction to watch HUR shareholders fighting back.

So I bought 20,000 just now to prime the pump. I am still sat on a massive loss btw.

Good news imo, a reason why institutional share holders might want to buy POS shares.

Good news imo, NAV around 245p, profits up etc.

Huge compensation.....just a word of caution on that. I am still invested in CNE which is still owed $1.7bn by the Indian Government . The legal case including appeals took years and we have still not seen the money! Personally I will re enter with BKY when the permits are granted and not on the basis of threats of legal redress and compensation. The latest uptick in sp could just be speculative play from Madrid.

Somewhat underwhelming but a talented and experienced chap. How many IMM shares does he own and will be buy more when permitted?

I read, I considered and I bought back in. Now willing to wait until others recognise this is a great junior mining stock.

I keep an eye on BKY because providing the finances hold out and the legal side is pursued with vigour then I believe permission to go ahead will eventually be granted. That said the sp hammered down from 30p recently and today another bad day to be a LTH so waiting patiently on the sidelines.

A good RNS with science to suggest the compound might one day become a licenced cancer drug but early days so only a modest punt.

Beware of evangelical CEOs, they have a habit of misleading the small investor. I would like to see some more assay results, more investment from Financial Institutions and an expanded JV with a larger mining company.
I can then take profits and leave a small stake invested for the longer term.

Unlikely to happen here but essentially some punters will look at company published assay drilling and assay results and work out a figure for theoretical amount of metal that could be recovered over the life of the mine and multiply that by the current metal price to come up with some daft value figure. Personally, I look for small miners who own acreage where the test drilling and assay results are good enough to attract a larger mining company into a JV. Hence I am heavily invested in SOLG and only modestly invested in OMI.

When I saw the uptick in sp I first went to the RNS page to see if something had changed? Not so much yet clearly a few rumours and trades have lifted the sp this week. I am not going to reinvest here until there is confirmed progress via RNS on the issue of the last permits needed to build the mine and start construction.

Spain is from a business perspective more like Africa than Northern Europe so nothing is guaranteed until the appropriate politicians have either been paid off or bullied legally into submission.

Read the RNS at 0730, went online and placed a stop loss with HL who got me out at 7.2p......phew!
Would I reinvest? Possibly the game is not over with regards oncology but I would want to see some convincing science first.

Bugger!

"Adds significant value...." Says Tom, nice one!.