Member Info for HereforHemo

One of two things will happen next month in my opinion. Either they will sell Cascabel, or they secure one or more large offtake agreements that they'll secure the project finances against. I think the later is the most likely outcome.

Far too early to get excited. Still way under fair value in my opinion.

My understanding is that SOLG will bolster their balance sheet in the near future with a non dilutive finance agreement, leaving them in a strong negotiation position to conclude the exploitation agreement in June. I'm very bullish and confident.

DBW if you read my previous posts that's exactly what I've been saying, this will all be sorted next quarter. Glad people are finally starting to wake up.

People can either listen to the trolls who have already stated they are not invested and never will be, or they can listen to the Ecuadorian Energy Minister.

"THE ALPALA MINERAL DEPOSIT COULD BECOME THE LARGEST UNDERGROUND SILVER MINE, THIRD LARGEST GOLD AND SIXTH LARGEST COPPER IN THE WORLD.

Personally I'm holding my shares so tight my fingers are white lol. GLA

Add we now know from yesterday's press that the Ecuadorian government is signing off the Exploitation Agreement which means Cascabel is definitely being built. We also know the $3.2bn finance and clarification of ownership must be submitted in advance of that to ensure approval and sign off.

Furthermore we know SOLG have stated they will publish details of the Exploitation Agreement by year end, end of June. And we also know from the Technical Report that numerous offers of finance have been received for both SOLG themselves and for the Cascabel Project. So the question is, why haven't they taken up an offer of finance to bolster the balance sheet and support the SP.

In my opinion it's because they ALREADY have an acceptable offer for Cascabel or the company on the table (which is why Noboa signed the recent agreement) and all that remains is who counter bids and what the final price will be.

Lutho top of page 7

Schlemiel ww have enough cash until the end of June. I think the reason they haven't taken any offer of cash yet is its highly likely we'll be sold by then, in my opinion.

Two things are clear in my mind. One, Cascabel is going to start being built next year and two, I think it or SOLG will be sold in the coming weeks or months. Bring it on!

I found it in the half year report. SOLG applied to change the Cascabel Project"s official status from the exploration phase to the exploitation phase, which was indeed registered on the 6th December 2023.

The company has up to six months after the approval of the Phase Change to execute the Exploitation Contract. Once executed its required to be registered with the Mines Registry, which I think is what that press release referred to.

SOLG management expects the Exploitation Contract to be finalised and announced prior to the end of the current financial year, meaning all finance, transfer of ownership of Cascabel/SOLG etc must be completed and shareholders informed by the end of June.

So I make it within the next three and a half months at a maximum we'll know which option management took, which fits into the narrative posted by some that they already know the preferred route within the strategic review. Exciting times ahead!

Fort although the 6th December rings a bell I cannot find anything that confirms the six months started from that date. Where is that documented?

I know we agreed terms and conditions for the agreement last July but can't find anything about December so please enlighten me.

The good news is this is the final thing to be agreed, which means all finance must be in place and if the concession is to be transferred to a third party that would also have to be agreed upon in advance of signing the agreement.

So, worse case scenario is we'll know exactly what SOLG intend to do in six months from now, or if Fort is right about 6th December (and i think he is), we'll know by 6th June, which is less than three months away.

Fort whilst that's true its also true that copper is forecast to rise by 75% in the years ahead, due to increased demand from EV's, power plants, wind farms and construction. compounded by the top 10 producing mines being old and dilapidated meaning they have to dig deeper with lower grades. As economies recover, inflation and interest rates fall (and the dollar) gold is also forecast for highs of $2,500 oz. The majors know this. SOLG know this. Equador know this. Cascabel is a major tier 1 asset and nobody will get this or SOLG on the cheap.

FSX

"Gold is well positioned to hit our $2,250 Q2 target"

Every day we have to wait is another day of adding more value to Cascabel, and substantial value at that. Happy to hold with very sticky fingers!

Copper prices are set to soar by 75% over the next two years amid mining supply disruptions and higher demand for the metal.

Red i refer yiu to my earlier post. FED reduction of rates will lower the $ and accelerate the rise AND the value of Cascabel. The longer they wait the more it will cost!

Robert Wares CEO of Osisko Metals

"We've seen growing uncertainty around copper supply in recent months, which has put more pressure on mines from alternate jurisdictions to meet increasing demand. Hence a copper shortage is coming - most likely by 2025"

Sandeep Singh President and CEO of Osisko

" Ws are excited to partner with SOLG on one of the best copper-gold discoveries made over the last decade. We believe that Alpala will have a much longer mine life than currently envisaged and we view the broader Cascabel property as having the geological potential to support significant further discoveries"

Copper prices are set to soar by 75% over the next two years amid mining supply disruptions and higher demand for the metal.

Robert Wares CEO of Osisko

"We've seen growing uncertainty around copper supply in recent months, which has put more pressure on mines from alternate jurisdictions to meet increasing demand. Hence a copper shortage is coming - most likely by 2025"

Sandeep Singh President and CEO of Osisko

" Ws are excited to partner with SOLG on one of the best copper-gold discoveries made over the last decade. We believe that Alpala will have a much longer mine life than currently envisaged and we view the broader Cascabel property as having the geological potential to support significant further discoveries"

Worth posting this again. Non dilutive financing next up taking us above 20p. Then people will start realising the potential. All in my opinion.

RE: Great time7 Mar 2024 09:29

Roxi I agree. In my opinion the only risk with SOLG was their financial viability. Slashing their burn rate helped but to me, having a recent MOU signed for a Hydro-Solar plant with multiple multinationals to provide additional power to Cascabel, and most notably the confirmation of the $3.2bn commitment to actually build the mine has taken away all perceived risk. You simply do not get the President of Equador changing his diary to not only take the 8 hour flight to Canada but actually stay longer than planned just to sign a flagship history making deal with little SOLG IF he wasn't 100% sure the mine was not 100% funded and would be built. There are very exciting times ahead. 50p-£1 is realistic for this share, sooner rather than later. But, I'd emphasise its just my take on things. GLA.

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.

S

People miss the point on what China is trying to do. Whilst it's true they require vast amounts of copper for the green energy revolution, EVs, wind turbines etc, as well as the construction industry (when it recovers) their procurement of companies is far more strategic than that. Firstly, as with all precious metals, they start off as an importer. They then monopolise the supply and become an exporter. But only when they have enough control over the demand to control the price. They'll soon control Asia, Africa AND South America, including Cascabel..in my opinion anyway. Its simply too big for them to ignore.

I'd wager our magic man is our shorter, who recently stated it was going so well lol.

He's still predicting falls to 7p, 6p in the hope of closing, but as I predicted he's not only going to get burnt...he's going to get fried.

And he calls others deluded!

DBW a £68k buy is a serious vote of confidence. Good news coming soon imo.