Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just my take on things DBW but IMO no way will the Alpala PFS be average! Everything said by KM (apart from the timelines) has pointed to a PFS which will show Alpala delivering improved economics across a whole range of financial metrics and I believe once this is out in the public domain we will see a clamour from investors to get hold of Solg stock!
IMO itâs all going to kick off in October with the Alpala PFS and the first Assayâs from the initial drilling at Rio. October could be stellar for Solg! In fact it might be BOOOOOOOOOM time! (Sorry everyone couldnât resist a bit of booming as itâs a while since we had any) But not long to wait now in my opinion. Possibly only 3 months till we light the blue touch paper :)
Don't disagree about a bid more likely later in year and personally I think its more likely to happen post publication of the PFS. My main gripe is about posters who flip flop with the sentiment of their posts based on whether they are in or out! A bit of honest transparency wouldn't go amiss but based on previous form that is clearly asking too much of CD IMO.
Just for a bit of clarity I too am extremely frustrated at the constantly moving timescales and the negative effect this is having on the SP. However I donât believe it either necessary or prudent to constantly post these views on here as by doing so it becomes pervasive which canât help anyone invested in Solg so I keep my own counsel and would urge others to do likewise as if there is indeed a predator lurking trying to hoover up shares cheaply then actions have consequences and it wonât end well for the good folk with their hard earned money invested in Solg IMHO
Your tone has subtly changed over the past few days from positive to negative which weâve all seen before and IMO is a clear indication that you are either out or have sold some of your holding and now trying to get in lower! Unlike RK who is open and honest about his position in Solg you have previous history for a lack of transparency and for me this is a case of deja vu
In approximately 2 months according to this latest RNS which puts it around mid August so assuming the usual slippage I am optimistic that drills will be turning by early Sep which should see the first assays sometime in Oct coinciding with the publication of the Alpala PFS. Strange coincidence or planned? Maybe the stars are aligning for some stellar news across Rio and Alpala in Oct which would propel the SP to a record high? Maybe âIts coming homeâ in October :)
Totally agree DBW. With a Bankable Feasibility Study completed and a Conditional Financing Package agreed on Alpala by the end of Q1 22 and the first ore coming out the ground ( probably from Tandy) only 3 years later in 2025 it will IMO result in a long overdue re-rating by or before Q2 next year and 60p options will most likely be seen as a bargain!
He also said the DFS would follow the PFS EARLY next year! So in summary PFS Oct 21, Updated PFS (including Tandy) Q1 22, followed by the DFS hopefully end of Q1 or certainly sometime in Q2! So by this time next year we should have published an extremely compelling DFS which really will fire the starting gun on takeover / JV bids which will finally see some real true value reflected in the share price!
I also liked the reference to Tandy and 100mt open pit @0.5% which Keith noted in itself wouldnât be feasible to mine as a stand alone operation but it will help bootstrap getting Alpala up and running by providing a cheap revenue stream whilst Alpala is being constructed
Gino - Here here Iâll second that! RK is one of only a few posters who truely add value with his input and I for one am very grateful for anyone who shares their knowledge and expertise for the benefit of everyone on this board whether they like to here it or not and if the latter then they can always filter which is their prerogative.
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To me this Looks a lot like the blocks we have on the order book which miraculously seem to disappear when they look like they are going to get taken out! Pure and simple manipulation of the Solg share price and it stinks!
DBW - Hannamâs take on hole 7 was :-
âHole 7 returned a stellar570m at 0.75% CuEq from 288m, including 204m at 1.23% CuEq starting from 316m.â
So they regard the assays as âStellarâ which Iâm not sure I would totally agree with but itâs a bit better than âshowing potential â LOL :)
DBW - Yes nice in fact very very nice! 2026 is only 5 years away so the prospect of production starting by then is mouth watering especially when you consider the transformational effect it will have on the share price! One of the worlds largest Tier 1 mines commencing production - just imagine what the MCap will be? Many many multiples of where it is now! Itâs easy to see why so many institutions wanted to get a piece of the action at the recent placing! They know that in 4 or 5 years they can multibag on their buy in price. Whatâs not to like about investing in Solg - apart from maybe needing a bit of patience! I for one would much prefer either a buy out next year after the DFS or taking this to production in 4 or 5 years (possibly as part of a JV) which would surely see an SP well well north of ÂŁ1 as opposed to a hostile cheap bid in the next 6 month's which may only achieve a sale around 60p which would be daylight robbery IMHO!
As they are running the DFS in tandem with the PFS this comes as no surprise and given a statement made recently along the lines of âThe DFS will follow shortly after the PFSâ I can see a scenario whereby the DFS is published in Q1 next year which would truely put a rocket under the share price!