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Fantastic news - puts the company on a new footing!
gla
Matt
HotShot now you are being rude!
Positive side they are producing - great but they have one dodgy hole where the production rate has decreased but the shutdown has helped a bit and the other where there is a tool still stuck in it or there is problems with it.
The share price went up and allowed all their mates with convertible loan notes to get out. Whoever buys it has to spend millions for drilling new holes and for a processing plant.
They have very little funds left and hanging on by fingertips. The production does not even cover their costs even if Colin works part time. The longer it drags on the lower the price as Colin and co get more desperate.
So if stating facts is trolling so be it - just be realistic please everyone. I have £1500 invested here at 40% loss so do not really care either way what happens.
Be careful everyone - that's me finished for now!
imho, gla, Matt
'we have good reason to be confident that the IPPC permit will be confirmed in the coming weeks'.
Was stated in the last RNS - confirmed not issued! CH later in the rns said 'in the next few weeks'
They are full of crap - neither of them have much skin in the game!
You chaps can ramp all you like but 50% more than the average price over 3 months will give you 1.2 -1.4p.
They have nothing much to bargain with - its like selling a dead donkey!
imho
gla
Matt
I expect they will come back and say they need some more details or clarification on an area. You will get the letter about this soon but Helena who deals with this only works Tues and Thurs and she is on holiday for 2 weeks!!
It goes on....!
I do hope I am wrong as I want the sp to rise so I can sell - but so do you all - so why will the share price rise?
imho
gla
Matt
Yes DC93 you are right but so many false promises. CH was contacting officialdom everyday at one point! For reasons we do not know I believe the country does not want it or else it would have happened. My cup defo half empty!
imho, gla
Matt
do people really believe the permit will be this week? This company has said several, potentially, soon, near future, very close to, getting near........so many times that I am convinced something significant is blocking this we do not know about! This has been going on for 18months of false promises - why believe them now.No permits this year I believe.
imho
gla
Matt
has everybody seen the latest corporate presentation page 24 where it says 18% copper (not a typo)
https://static1.squarespace.com/static/560a5feee4b0a63bf47c76f5/t/5ba74d5ee5e5f04d184cd7f4/1537691014090/SOLG+-+Corporate+Presentation+-+September+2018.pdf
Where is this? I have not seen this before.
The share price has to move today doesn't it?
gla
Matt
could be 2 or 3 but we have heard it all before!!! Anybody who thinks we will get the permit this side of never is in cuckoo land! If they wanted AST to have it they would already have given it. There are some other reasons we do not know. Forget the share, put your money elsewhere. If this is sold it will be at 50% up from an average price of 0.85p giving 1.28p. There is only one potential buyer and they will steal it for a song!
Now if this doesn't get some comments - nothing will!!
Before anybody says I am deramping I only have a few k in here but fed up with this crap company spinning the same old bile!
imho
gla
Matt
hTTps://www.miningnews.net/barry-fitzgerald/opinion/1347895/bhp-and-newcrest-in-ecuador-shootout
Good read I believe
gla
Matt
OK I can see some logic in that but production then still has to get to 130T/day for their 4000T/m contract and 330T/day for 10000T/m target
imho
gla
Matt
They have to double current stated production to get to 4000T/m and 5 times current production to get to 10,000T/m.
It would be good to be able to sell the fine coal graded out but who wants that other than a power station!?
gla
Matt