Member Info for HereforHemo

Eloro whilst I would agree with your comment I've seen far worse CEOs than Scott in junior miners. Regardless of social media comments I'll state again, Scott's comment on 30c is absolutely irrelevant in the scheme of things. Personally he would make a tidy profit after that price and as an investor owning 1% of the company he may well be happy with such an offer. People forget he went on to say that other investors, the other 99% would reject it! It was a stupid question and a stupid answer but I assure you it will have no bearing on SOLG moving forward. Q2 is going to be an excellent quarter with asset sales shoring up the balance sheet and the Cascabel Project moving from the Exploration Phase to the Exploitation Phase, which is the next major milestone. Having made various phone calls over the weekend I know our executives are very bullish. A little patience my friend, this will come good.

Eloro not having all the permits does not preclude a sale of anything. Further derisking just adds more value as each milestone is reached. So a major could come in now for Cascabel or the rest of their Ecuadorian assets (as they'll be sold as a bundle if they go that way), or they can wait and buy it/them for a far higher price as the weeks and months pass.

Be careful who you listen to on here, many personal agendas on show depending on whether someone is long or short.

Got a 5 fold acca that returns £11,500. 2 to go:

City of Troy to win 2000 Guineas 4th May

Raith Rovers to win Scottish Championship

Raith are 1 point behind Dundee Utd with a game in hand.

Today they play away..to Dundee Utd, so a win would take them top of the table, 2 points clesr with a game in hand with 6 left to play. COME ON RAITH a top up on SOLG early May would be very nice lol.

HFM I can't elaborate as I don't know what they relate to. Could be offtakes, could be JV related, could be asset sales, my understanding is whatever they relate to that the company is very happy with what's on the table.

Eloro have to say I'm more than a little suspicious of this Champion fellow as well. Treat with extreme caution in my opinion..

Someone who was a lone voice in predicting the PFS would be delivered on time, and who said SOLG were going to PDAC when all others said they weren't, and who also predicted they'd be high level meetings taking place well in advance of the announcements, well maybe give that individual a bit more credibility? Each to their own, all I'd say is be careful and never invest more than you can afford. GLA

Whilst a blackout period is usually related to earnings, that can be exceptions such as special circumstances, which is the case with SOLG. So in this case I concur with 1984, it is 100% certain executives are in receipt of materially price sensitive information not in the public domain, so cannot trade. The said price sensitive information relates to various financial offers and will be released in the near future and will have a very positive impact on the SP, in my opinion.

Darren reference your earlier post. Whilst I think you are correct I think its important to note the following. SOLG had a six month window to change the Phase state of Cascabel from an Exploration Phase to an Exploitation Phase and I believe this is what has been eluded to from your contact. This is not the same as the Exploitation Agreement being signed off by the Minister for Mining and the Government, which I believe we're looking at the end of Q2. Just my take on things.

1984 Apologies, I should have said Barrick AND 1984 lol

RE: As if we didn't know :)11 Mar 2024 23:04

DBW that's the good thing about Cascabel, whilst some will look at it as a copper play, others like Barrick will definitely see it as a gold play. I think we'll see multiple bids this year which means it's not going to be cheap..whoever eventually wins.

Quady I agree. I posted a while back about large offtakes being agreed as they'll act as guarantees against finance and make it far easier to get. With divestment on non core assets highly likely as part of the strategic review one thing for sure is SOLG are strengthening their hand considerably in any negotiation for Cascabel or the company itself, as if you don't need or want to sell, and have multiple interested parties that want to buy, you can be sure of one thing, it'll go for a premium price if indeed it does go at all.

HFM I think people are a little confused following the recent interview. When a question was posed to him as an INVESTOR who owns 1% of the company whether he'd take 23p he answered yes. He also went onto clarify its not his decision and the board would have to put any offer to the shareholders. He also stated that although personally he'd say yes he thought the other holders (ie the other 99%) would reject it. And I'm sure he's right, they would!

1984 I would agree that an announcement is imminent, I would also say that its almost certainly going to be financial. I understand there has been considerable interest in the revised PFS and that SOLG are very happy with the financial offers they have received. What I don't know is whether their financial contentment is derived from an offer on Cascabel or whether its from an offer in their non core assets. Either way it should be very good for shareholders.

Good luck mate. I'm all in as well but contrary to what others post don't expect an RNS tonight. Think it'll take them a little while to sort.

Eloro pleased you're feeling better about things. I'm chilled as I thought we'd more through to 12p with little resistance, before attacking 16p. It also helps hearing on the grapevine that SOLG execs have a grin from ear to ear with the financial offers on the table lol. Wonder which direction they'll choose to go?? Hopefully the Cascabel one. Fingers crossed.

So you already know what they deem non core and how much they're worth? I'm impressed.

So here's how I see the current situation. Firstly I think we can expect news soon on shoring up the balance sheet. I expect this to be the disposal of most if not all assets deemed to be non core, and with that I think it'll bring the Strategic Review process to an end.

This will not only bring a further reduction in ongoing costs, it'll secure enough funds to fully derisk Cascabel for potential suitors as well as proving up the assets they wish to hold.

On derisking Cascabel we know the next milestone is the signing of the Exploitation Agreement next quarter. We also know every milestone here on in adds more value to Cascabel, as does every tick up on the price of gold, copper and silver. How long majors wait is anyone's guess but logic says they all like the asset, and why would you wait if you know its going to get more and more expensive to purchase?

Personally I'm pretty chilled with my investment and I think once we break the 16p barrier without the first bid it'll be time to get excited. Just a matter of time before everyone's back in profit in my opinion. GLA

Pretty substantial non dilutive funding coming soon which l believe will be through the divestment of non core assets, although I think they have received multiple offers and have various ways they could move forward. In my mind we can consider their finances sorted for the foreseeable future which in turn substantially reduces investment risk.

There's a reason big buys are coming in. Strap yourselves in and hold those tickets tight!

BBG thanks for the excellent posts.

My personal belief is that we're very near the end of a savage bear market and that's what will drive the timescale of offers, whether that be for Cascabel or the company as a whole. I don't think there's any major that wouldn't want SOLGs assets as there's not many around of the sheer size and scale that's in Ecuador. A generational mine that in all probability will exceed 30 years with Tier 1 potential of Gold, Copper and Silver. Its priceless...well £1 a share for the company lol. I definitely think it'll all be resolved this year, and the longer the majors leave it the more it will cost them. Personally I'm very happy to sit back and wait for the mother of all bidding wars.

There's a reason SOLG said there's potential for future integration of Blanca-Nieves with Cascabel.

There's a reason why they issued an amended highly attractive PFS for Cascabel.

There's a reason why the President of Equador flew all the way to Canada to sign the CIPA with SOLG.

There's a reason why a MOU for Sustainable Hydro-Solar Energy at Cascabel has been signed.

And most importantly there's a reason why two heavyweights from the financial world, Jian Liu (an advisor to Jiangxi Copper for its overseas M&A projects) and Charles Joseland (32 years at PWC) have been brought on board as Directors.

And we'll know the reasons VERY soon. GLA.

1984Investor and what has all your pointless rants got to do with investing in SOLG? Can't you use Facebook or X like a normal person instead of posting on here?