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Summit, all Tier1 mines 'get off the ground' for the simple reason that there are billions and billions of dollars involved. Chinese have huge sway in Ecuador and as you should know (being a SOLG shareholder) they are about to sign a historic free trade deal. SOLG's 'project' or projects (and the folio has many) will be sold off so project 'lift off' will be for the Chinese or some Super major miner to deal with.

ATB

"it is clear the results have been outstanding and they continue to expand the resource." END.

Summit, I think you've been brainwashed by the rose tinted glasses on the GGP BB for too long.

If the results were outstanding you'd be back to double digits by now. Instead, the share price is 7's and 8's.

In your defence, what I will say is that the market of today is not too fussed about exploration results (unlike the old days). In a bearish defence, I'd say POG punching out close to multi year highs is seeing significant interest in some miners (producing and non producing) but GGP with that £400m hefty market cap seems to be absorbing all the good news into the 7's and 8p ranges doesn't it??

All best with it. FWIIW, I think there's upside to around 12p/13p levels but not much more than that especially with Wyloo's 9p dilution play around the horizon.

Redheadedrager, I'm not interested in some pony 5% divi lol! And just for the record, many investors or traders are not locked in or desperate for an out here. If like me, many are licking their lips. I'm in here at 56p average after selling up year ago or so at 160p and 140p levels.

I'm looking forward to the recovery story at PFC and a return back to 150p+ within 12 months. That's what I am after. Not some ITV pony 5% divi. That won't even cover the 10% inflation right now.

Try and imagine a scene where you have some tired and frustrated PFC investors, some patient ones, and some more recent lucky entrants looking for a recovery stock which benefits from the impending fall in inflation and Capex spend of global economy as it spends its way out of recession via infrastructure projects.

You seem to think that everyone involved with PFC is underwater. I can assure you... that's not the case at all. But there are some investors out there with holdings at 400p or 500p+ which I would think is a few years away from being a break even situation for them.

GGP are a different animal with a very small 30% stake in an average size mine which is not Tier1. It looked a good discovery early on but since then they haven't delivered any decent exploration results at all.

Wyloo have their claws in now on the cheap at 8p and 9p with further rights. I can't see much upside in GGP as even with the mine in full production, they are paying off debt in years 1 and 2 with minor 55koz production share. There are miners out there with 100koz production valued at less than £100m. GGP is currently valued at around £400m! So loads already priced in.

There are valuation metrics ahead with the newmont Newcrest merger as if newmont sell off the 70% stake then that lays down a marker for GGP. Alternatively, whilst Wyloo has op to load up at 9p and dilute existing shareholders, there is possibility that Newmont sell the 70% to Wyloo. I don't think that would bode well for GGP shareholders in long run.

SOLG completely different animal and league. 100% ownership of Tier1 asset and completely in the driving seat.

Might be a rush for the exit at these prices as some shorters seek to close out and save blushes after having pants pulled down on that $13bln contract win.

Just imagine where PFC would be had they not got that contract win in the bag??? So happy to give shorters some credit for what they were going after but inevitably their big day is today so could see high 60's later by the time they have closed out.

The bad news is out there. Legacy contracts clearly a flipping nightmare in this 10% inflation era. But get through this and the future brightens up a great deal. PFC then on road to recovery. Lenders know this.

I did think the new CEO might do a Kitchen Sink RNS as essentially means going forward the bad news is out there. It's all about the lenders and if they extend by 12 months then happy days. Shorters have been waiting for this event to happy and today is their day but they will have to close out and if they are slow on the draw then they'll miss their opportunity.

So I think this will bounce after the low mark down as the kitchen sink act has been done. What comes next could even be a $50m or $100 placing by Hitachi to support the balance sheet??? Much depends on what the lenders want in return for kicking the can down the road another 12 months.

Shorters will not want to be short if or when that lenders RNS lands. I think the new CEO might deliver that sooner than many thought, possibly alongside Results later this month.

I'm a buyer today.

Important part is this line

"The Group has made significant progress in extending its borrowing facilities, having reached agreement in principle with its lenders to extend all three facilities by 12 months to October 2024. We will update the market following the signing of the extension agreements." END.

That takes sting out of it as looks like lenders are happy to push things out 12 months. That's not pen'd yet but looks as good as done otherwise PFC would not have mentioned it. THat's major concern number one out of the way.

SOLG is a rare animal so would likely break the mould. Noront went from 20cents pre bid to 55cents post initial bid and then doubled again to 110 cents on Wyloo final offer.

Jerry, out of interest, can you recall any company the size of SOLG that has 100% ownership of a Tier 1 asset of this size? Can you also point to a company in the history of mining sector that has managed to hang onto a Tier 1 asset which is not a 10bln or 20bln market cap?

Share prices are irrelevant right now as the market is most certainly NOT pricing in any impending offer at present. SOLG was 41p+ not long ago and that was leading up to the PFS announcement and nothing to do with takeout offers.

But you are entitled to your opinion as are others but remember, SOLG is not your run of the mill mining stock. It has one of the finest / largest discoveries in last decade. It's up there with the very very best. It's not going cheap, that's for sure.

Systematica Investments Limited were at 1.4% short position early Jan 2023 and have been reducing fast since the company breaking $13bln partner deal announced. They are now sub 0.5% so no longer trackable.

Another shorter exits.

Just a few shorters left in mix now over 0.5%. About 3% in total. Based on dates, majority are under water and fighting a losing battle here.

Fruta del Norte is not a pure chinese play as has Lundin involved. You also have Codelco in south. The partners involved with Fruta del Norte gold mine are looking to step up production now after a steady and profitable stage of the mine life. It wouldn't surprise me one bit if we saw the Chinese take on Alpala only to then focus immediate development on Tandy/open pit production while continuing to do prep work and studies on Alpala block cave works.

Tandy as well as Porvenir are both very attractive to parties that like a low capex v high Roi.

Block caving requires expert knowledge so 'partnering' can derisk. Codelco are a good fit for Chinese as they have worked together on numerous mines and Codelco understand block caving as do likes of Anglo and Rio.

https://im-mining.com/2022/10/12/codelco-and-rio-tinto-to-put-heads-together-on-underground-copper-mining-innovation-from-block-caving-to-electric-fleets/

Might be stating the obvious but there are clear benefits to having chinese involved fully or in part with Alpala. The chinese are already deeply involved with Ecuador and have been for many moons so they know the political cycles and seem to be able to work with either party whether Biden buddies or Chinese aligned.

Thus the risk factor (especially ahead or after a historic trade deal is signed) is much lower for Chinese compared to a super major like BHP or Anglo. The latter don't carry the same weight as the Chinese and tend to be targets or hit problems when political changes take place. Hence they are more risk off as have been burnt a few times across the South Americas.

But the chinese... well... they are needed for the infrastructure. If Ecuador is ever going to get in a position to deliver the growth rates required to simply pay off the IMF or Chinese loans, then they'll need new roads, new pipelines, new port facilities, new airports and so on.

You don't hear of many chinese owned licence blocks hitting any Eco or development problems.

So just an observation, but perhaps Lasso et al actually want the Chinese involved and do not care much about the likes of BHP and Anglo. It's about the future of Ecuador and the Chinese without a doubt will deliver a better outcome for Ecuador than a shareholder based BHP or Anglo imho.

bhp and Newcrest still have 20.6% between them. What newmont will do with that stake is anyones guess but I'm guessing they won't be selling it to bhp for sure as they don't like bhp very much and all about egos in the Aussie mining industry.

Certainly looks like that latest bump up in the offer price has won over the major holders in Newcrest. Company had great prospects but was run by a CEO that was both childish and inexperienced with mining industry. Never forget that toys out of the pram rant at SOLG when the royalty deal was done. What Tiswas bizwas was. BHP embarrassed themselves too. I remember at the time thinking why on earth are this multi billion dollar super majors embarrassing themselves by venting their anger of little old SOLG! lol!

I see mm's making the ISA brigade hurt a bit as 20p beckons today.

Should see some more green lines appearing soon as some must be getting irritable by the recent rise.

Come on Orphencopper... surely there's a crakc pot Ecuador negative story you can pull up for us??

Zoros, I'm fully ware that Ecuador and Chinese have been working together for years. But you missed my point or chose to ignore the impending historic 'trade deal' that has yet to complete. It's a big event and if you don't understand that... then you are clearly misinformed.

Oh... I can tell you Mr Biden is none too happy with it. So no surprise that Lasso is feeling some heat as we all know the US likes to tweak and tween behind the scenes when things are not going their way.

The chinese best get a deal signed soon before the US cause more trouble.

https://www.globaltimes.cn/page/202302/1285669.shtml

The deal, once signed, will also make Ecuador the fourth Latin American country to have a free trade agreement in place with China, after Chile, Costa Rica and Peru. Observers expect the deal to influence thinking among other Latin American countries.

BHP did theirs on March 2nd.

NCM being almost 4 weeks late is shoddy but then they have someones teeth sunk into their terrier right now so could be forgiven for the lapse.

Come on Newmont... get the deal done and then boot the NCM guys out.

Orpherncopper... when you say " mine and others big concern"? Who are these others?

It's ben posted on several times now and you still don't get it or it doesn't suit your negative view.... but Ecuador Gov are in a very important discussion with Chinese right now. Timelines are not in SOLG's hands especially if buyer is Chinese lol! There is a clear link between doing trade deals and securing what will be the largest footprint in Ecuador with the biggest producing mine worth multi billion investment capital.

SOLG are also in discussions withe Ecuador gov regarding terms on moving from exploration to exploitation.

So whilst you continue to suggest SOLG are struggling, just bear the above in mind. It's not all in their control. And FWIIW... if the chinese are at all worried about Ecuador politics and Lasso etc etc then they really wouldn't be this far in would they?

But you keep trying you best to suggest Ecuador is a basket case and the likes of Alpala are not desirable.

You are not an investor here. You are an infestor!

You'll have to buy back soon orpherncopper as it will be into the 20's and you'll be scratching around for negative stuff to post then.

Just buy back in and stop with the ridiculous pretence that you are invested here. You posts over the last few weeks have gained in their negativity as you become more and more desperate to spin some doom and gloom.

Everyone can see it. It's embarrassing. But that's alright, you can just get a new alias again like last time.

addicknt, just look at his posts for goodness sake

the guys trying his very best to stop the solg rise and he's failing miserably.

I think the chinese know exactly what they are doing with Lasso and quite happy. If they weren't then they wouldn't be about to sign a massive ground breaking trade deal.

As predicted the MM's not playing nicely with the ISA brigade.

Same every year, although this year more of incentive to move funds into isa due to Mr Hunt.

Astaris increased yesterday…..

I think they had no choice... either they played or were chief conductors in that little Jefferies joke of a broker note or they just thought they would lean into it. Didn't help them much as Systematic and others duly closed out more stock off back of the Astaris noobs.

On shorter entered on March 24th....0.5%. Ouch. They couldn't have timed it worse!

Nevermind... teach them a lesson.