I’m of the opinion that LO is still actively supplying stock to the market. Over recent weeks it appears from the prints that they’ve been reducing with block trades whilst using a volume related algo to feed the market without causing market impact. They are not natural equity holders and I suspect they will continue to sell down to zero. With over 1 billion traded this week I suspect we are approaching the time when perhaps one of the better capitalised market makers such as WINS or Peel Hunt will take a final chunk from LO and move these considerably higher. Enjoy the ride and GLA
Little Deer drilling report May 2014 ....13 Apr 2021 08:06
The Little Deer Copper Project hosts the Little Deer and Whalesback copper deposits. On June 22, 2011 and July 26, 2012, NI 43-101 compliant mineral resource estimates, which were undertaken by P&E Mining Consultants Inc. ("P&E") of Toronto, Ontario, were announced for Little Deer and Whalesback, respectively. P&E estimated that Little Deer contains indicated resources of 1,911,000 t at an average grade of 2.37% Cu (99.8 million lbs. Cu) and additional inferred resources of 3,748,000 t at an average grade of 2.13% Cu (176.0 million lbs. of Cu). P&E estimated that Whalesback contains indicated resources of 797,000 t grading 1.67% Cu (29.3 million lbs. Cu) and inferred resources of 443,000 t grading 1.57% Cu (15.3 million lbs. Cu). On a combined basis, Little Deer and Whalesback are estimated to contain indicated resources of 2,708,000 t grading 2.16% Cu (129.1 million lbs. Cu) and inferred resources of 4,191,000 t grading 2.07% Cu (191.3 million lbs. Cu). This reads exceptionally well but clearly further drilling and exploration required
After a very good RNS it’s a shame to see the recent gains disappear. Travelling and arriving is an old stock market adage that remains true today. I’m here for the long term and whilst those here for a quick buck may have sold I’ve taken the opportunity to add to my holding. The news today de risks the company and enhances its investment appeal. Lets also forget the various conspiracy theories involving MM’s and institutional investors colluding against private investors ....laughable We’ve probably seen traders and speculators exit the stock that were here for a quick buck ! Orosur is a better investment today than it was on Friday
Please don’t ignore the private investors and why did you not run a concurrent open offer for private investors ? Without our support over the last six months you would have been raising funds at 0.2p. I do hope either you or your advisors read this and reconsider your approach to private investors!
Shame the private investors haven’t been given the opportunity to participate. That asides it all looks extremely sensible and these additional funds will enhance prospects going forward and will massively de risk the business model. Will add further stock on any pullback today
Luke, TBH I think Solgold has shown excellent ESG credentials to date. If we talk about hypocrisy then surely the failure of ESG investors to recognise that the move towards a lower carbon future and the energy transition cannot even begin without the sustained efforts of the mining’s sector to discover and mine those metals essential to the whole decarbonisation process. Now that’s hypocrisy !
Alpala committee doing what it was set up to do05 Feb 2021 14:27
Easy to see why NM was demoted as clearly he was leading the company into an area he has little credible knowledge or experience. He’s certainly great at mineral exploration and achieved much in his time running the company. The appointment of experienced new directors have made their mark and the formation of the Alpala committee was essential to judge and establish if current plans were appropriate in a mining world so focused on efficiencies and costs. It’s a massive blow to us all and certainly the company has lost face with this setback. However going forward the the company can now take more time to adjust the project to focus on higher grades and lower capex and this will hopefully deliver NPV and IRR upside. All prudent in the longer term but clearly a short term negative. The reserves are there and that can’t be disputed and hopefully a continued drilling campaign will add further to this. The passing of the additional FNV funds is most intriguing and suggests another narrative is possibly running in the background. ? I remind myself of the expensive and extensive due diligence that has been carried out by BHP, NCM and FNV and with this in mind I’ve added to my holding. At a time when BHP are having to potentially scale back significantly their copper mining activities in the atacama desert next door in Chile due to water permitting issues/licenses, Ecuador and Solgold may hold the solution. Today’s news is disappointing but it’s not the end of the story and thankfully the committee did their job and have begun plotting a more sensible course of action GLA