Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Lasso is busy at work. While protests are being organised to oppose the new environmental code he authored recently, a new law aiming at attracting foreign investment has been proposed
https://prensaminera.org/nueva-ley-atraer-la-inversion-extranjera-al-ecuador/
Looks like they were listening. They bought some below 80p and that hopefully is a new floor
Mr fibles, true but even at the current prices and taking the lowest end of the production guidance for 2023, we'd still turn over $200 million. Margins will still be very high, considering also the lower energy cost compared to 2022. FCF still huge and a significant chunk will be returned to shareholders. I am happy to wait, accumulate if it stays below £2 and pocket my fat dividends
Thanks a lot DG1, great summary.
How about asking SOLG to organise a webinar via investormeetcompany? Other companies use this platform quite often (e.g. SHG) to communicate with shareholders and respond to questions live.
Just checked all the major Ecuador news websites and can't find anything significant. Not even on prensaminera.org which is dedicated to the local mining industry. Maybe it's BR abandoning the ship? It would be good to get some positive news from the company for a change..
From a TA perspective it seems like we have bottomed out yesterday. I topped up this morning and expect us to be soon above 200 again. Way oversold.
And if it doesn't bounce I'll be accumulating at these silly prices, I am not worried.
Another milestone under the belt. This is good news and I expect Q2 results to be the best ever for the company. Net debt is melting away while POG remains around 2K. I would not be surprised if some of our neighbours in Kenya makes an offer for the whole company before the SP starts running..
I watched the presentation and Eric tells a very compelling story. We are so undervalued it's ridiculous. I also have the impression that there are some majors sniffing around, especially given the potential of WK. We are next door to two majors and the grades are incredibly good.
Then factor in: the huge return on investment on the exploration activities, production is the highest ever, debt evaporating fast, POG around 2k..
We'll see. I am just very frustrated. Board feathering its nest while we see our investment going south. At the end I topped up as the assets are still there and I am hoping to be proven wrong regarding the current management
15/12/2022 Scott Caldwell:
"The entire team at SolGold is working tirelessly to ensure all shareholders and other stakeholders are rewarded for the world class discovery in Cascabel and our portfolio of assets across Ecuador. We appreciate all the support we have received to date from stakeholders and are committed to our objective to maximize shareholder value."
thanks for maximising shareholder value, Scott
It would be the 20th or so hearing. I still hope it's the last one but i would not bet my life on it..
Truth is that it takes very little to move the SP of this company. Just a whiff of good news could make it fly
There's clearly a large seller and this increases the disconnect between fundamentals and share price. An opportunity to buy as POG is now constantly over $2000 and we are producing like never before. Debt will evaporate quickly while reserves, especially in WK are set to grow. Pity about Eric leaving but the company is solid and in great shape.
this week we've been penalised by macro events and mood that have nothing to do with GCAT. The MK is ridiculosly low given that gold is above $2000, we are producting, we have 13 months of high grade material to go through, funding news are imminent (8-10 weeks away, perhaps), Kili looks like it can go on for much longer than expected. Yes, management messed up but communication and governance have improved. No reason why we should be still below 1p in a couple of months. Time to accumulate
I found this interesting podcast on the possible political scenarios regarding the current crisis in Ecuador. Lasso threatened to send home all the MPs and calling for new elections if they vote in favour of his impeachment. So the analysts believe that either the parliament vote against the impeachment not to lose their comfy seats or they go for it and he carries on for a short while until elections. Both options will lead to some protests and chaos in the main cities.
That should not affect SOLG's operations (not that we they doing much anyway), but may disturb an eventual takeover. Having said that, a buyer would not be going into production tomorrow so the short term political turbulence may not bother them too much. I've topped up this morning
https://worldview.stratfor.com/article/essential-geopolitics-ecuadorian-president-guillermo-lassos-impeachment-trial
margins are still very high, just watch the latest presentation by the CEO. Sure, we could be doing more but the mines would be profitable even with rock bottom commodity prices. And we've got plenty of cash in the bank. Dividend cover is easily 2X too