Member Info for Lottohopes

I think attending these events gives any prospective deep pocketed investors the opportunity to meet NM and the team. However, even those already invested who want to keep a hand on the pulse probably attend and there is no substitute to meeting a man, to get a measure of him.

Bones: still here. Adding when I can. Good luck

From what I recollect looking at the gob map, there were numerous other applications which disappeared (solg had Atleast another 10-15). Moreno govt will try to reconcile the environmental demands, the recent referendum, and the pressure to grow the economy by switching to mining. I think there are plenty more mineralised areas, but the issue is how much land is allocated and the balance between environment and commerce. TS: I was looking at bhp block caving: apart from the projects converting from open pit in S America (but not yet operating), they have a nickel project going to BC in Australia. Happy to be corrected but they don’t seem to have the kind of BC experience that NCM or codelco do. Just my two pence.

There was talk of the cadastre auctions reopening in June 2018. No idea if it did. I imagine the process has restarted if Anna stated they have applied for further tenements.

Pad: did you say new tenements?!! Time to get back to my old cranky desktop

https://www.bhp.com/media-and-insights/news-releases/2018/10/additional-interest-in-solgold

Cash fortified. Add the other £6m coming from 21.5m employee options before 28th Oct to existing kitty, and we get north of £75m. Add director options for another £35m. No dilution for two years imho. Other holders diluted now. With all dilutions, I reckon NCM and BHP will stand eye to eye at 10%. Perfect. BHP at correct position, ie arms length but in dialogue rather than hostile. What more can we expect as share holders?!! Masterly magical stuff. Unbelievable. If we get to develop the other assets and have to sell Cascabel, so be it. Even if we sell Cascabel, we will keep a small stake is my belief. Or be a junior partner. We now have the technical prowess of NCM and the financial fire power of BHP. Does anyone doubt that if we so desire, we can build a mine now ;)? This deal is better than losing the whole lot for a song as Jerry says (given market attributes very little value to non Cascabel assets right now). Just my two pence ramblings. DYOR. Good luck all

Evening folks :) The delays have been incredibly frustrating. My money is stuck just like everyone else’s here. I m just an ordinary investor. But my outlook remains optimistic. Because I read the recent RNS and choose to believe what it says. Simply that market conditions have been tough, raising cash has been very difficult (the chart of copper from June-present day tells the story), and the deal needs to be re-negotiated. And the bod is doing that as we speak. At least that’s my belief. I invested here based on my reading of the board calibre, their integrity and previous track record. Those achievements aren’t wiped out by the present performance or lack thereof. They do have a job of proving their mettle here and I think they will come through for all of us. I m not an apologist for the board, I m just trying to keep my perspective on this, whilst waiting. Choose to believe what you want to. Sentiment is irrelevant as it’s suspended. Feel free to vent your frustrations if it makes you lighter, not much else to do presently. Just my humble opinion. Good luck all

https://gyrometric.systems/press-release-gyrometric-technology-global-interest/ Gyrometric Systems has been promoted at two major exhibitions in the last few weeks, both in Hamburg. As a result a MAJOR boost to its international profile is expected.“ “A test programme for one of the MAJOR manufacturers of wind turbines is expected to commence in the next few weeks, and serious enquiries from several others are being followed up.” I wonder who has the gonads to deramp this tomorrow? DYOR.

PS: For these reasons, it would make sense to allow what is perceived as a “grass roots explorer” who is socially responsible, to continue efficiently exploring/mapping out the region. Vs ruthlessly taking over the co, and then finding that there are dozens of groups opposing a perceived mercenary MNC. Image matters as much as truth, probably more. An ant can give an elephant a hard time. If solg has developed and nurtured community relationships with hundreds and thousands of people, including indigenous, the land holders etc, does any one think this social capital can just be transferred by force, to BHP or another major? This is one of solgs biggest strengths, and it’s priceless because it took years and genuine social engagement. Look at IRR for ex: they have slowly moved to appointing African managers, for their regional exploration. It’s just good sense in every way. Imho

Regardless of what Solgold or bhp or any other major plots as regards getting their hands on the prize/s, it will take just a swift parliamentary bill to change everything over night, even nationalise everything. Indonesia for ex is a nightmare for this very reason. The jurisdictional risks are the biggest for those unconvinced, that Ecuador is pro-mining. And until the next 2-3 big projects go online (ex FDN in late 19 etc) many will watch cautiously. Again imho.

Smickster: there are other stake holders here. Just a bloke with a big big cheque book can’t buy the biggest chunk of land going, in the last prospective unexplored part of the ring of fire. The Ecuador govt has a say, it’s socialist culture and people have a say. Moreno entering the arena signalled clear change. He’s rebelled against the old order, changed key people, frozen the auctioning for now etc. I think two options are possible: Solgold is given a green signal via fiscal benefits, tax guarantees, maybe even funding assistance etc to develop the project (as a sort of beacon example of how it can be done responsibly and sensitively). Then the govt considers how other tenements are developed. OR Solgold tenements will go piecemeal to different cos as that ensures a lack of monopoly. That copper, gold, silver, moly, zinc is national wealth and the days of looting it on the cheap are gone. Bhp in S America has an unpleasant reputation as regards managing its social responsibilities and I don’t think they will find the going easy, if they just took over Solgold. Throwing money and muscle at protesters doesn’t cut it. Google “bhp Ecuador” and the third hit on 1st page is a blog by protesting groups. There must be good reasons for them having waited so long before dipping their toes in here. I don’t think it’s just the MRE. NCM has a much better image and appears to fit with the Solgold philosophy in Ecuador. Just my two pence musings. DYOR. Good luck all

Optimist/Cityal: thank you for your comments. They echo my own thoughts. This is an amazing turnaround story, from the brink of bankruptcy. In the words of NB: “they are going to make this work”. So far they have delivered. My opinion only. Good luck all

I found the comments in recent Skype interview interesting. NB pretty much said, H1 geocurve teams were occupied with Thames contract (and I wondered if the contract was a lot of work disproportionate to margins, but accepted given it had been in pipeline (it’s hinted at in previous results) was important for our relationship with CH2M/Jacobs ie of strategic value, the Leica kit raised their profile amongst other big cos and was the maiden venture with new kit, so gave the team valuable experience). Going forwards, the kit is available for other jobs, work force is freed up, Q3 and Q4 are busier than first half, so I expect bigger numbers for this second half of year, and certainly better margins on each job. (Again referring to NB previous interview comment about “not” taking on every job offered and discipline here) Several big clients were announced via twitter in June-July time, and I reckon they were approached, jobs taken on, after our work on Thames had wound down. Going forwards, we won’t chase huge contracts merely because they are huge numbers, rather the margin and amount of work involved matters more, that’s my impression. Overall, I reckon smaller jobs have better margins, and allow teams to remain fluid. All just my musings. Happy to debate this, just my humble opinions....DYOR. Good luck all

Fully agree Filthy. It’s been my humble opinion for a long time. Thank you for your charts etc

Quote: “This is the stock market - there's no emotion and certainly no back office full of traders fiddling with the stock price” I’d argue that the stock market for ordinary investors is mostly about emotions: fear of loss, greed, momentary highs...only those few who can understand and occasionally tame their emotions (and I’d argue understanding ones own drivers, outweighs making money short term) can achieve the long term outcomes they desire. The rest are hooked to impulse and being manipulated. And when there’s big money involved, there are ALWAYS back offices and strategists. Elections get manipulated. Sports match results get manipulated. People are being manipulated all the time. Assets worth 100s of billions being chased, one mine like Escondida capable of swerving world copper prices and no manipulation? Good laugh.

I completely agree. The market is efficient and rational. It accurately values solg at 37p right now. Few weeks ago it was in the 20s. BHP buying in has increased Solgs value. And no the sp is never manipulated. Market makers are honest hard working people. They just buy and sell based on demand, a bit like estate agents, who again are very honest hard working people.

Richy: he said he expects two ounces a tonne. At least that’s what I heard, could be wrong

Thank you TS. Nice article. Kinda emphasises why we need armies of hundreds of staff: it’s incredibly hard work on foot and it needs to be thorough or a jewel could be missed. Kilometres upon kilometres of terrain scanned with hand held GPSs, soil samples labelled etc...I recollect nearly all the tenements have had first pass prospecting: 3200sq km completed!!! This is what gives Solgold the edge: thorough planning and execution. Bhp cannot get Cascabel cheaply. I was struck by the remark in AG’s blog comments section: Martin pott (if it is him?) comments: “The cost of the PEA is because they are working to BHP standards.” Infact I don’t think BHP will get it anyways, plenty of eyes watching this. Just my two pence. DYOR. Good luck all

Musk is an impulsive character. Comparing him to NM is foolish. This can go to production and without dropping the sp to the floor. That’s my humble opinion. Whether it does that at Alpala or elsewhere first is the question. DYOR. Good luck all