Member Info for mattlilly

The answer to your new Q3 is no.

Hi zoros

Thanks for your response.

I don't think I could ask question 2 because that would be inside information.

The answer to Q3 I already suggested last week...around the end of March.

I'll come back with their response. I'm speaking at a senior level. Can't say more than that.

Cheers

BTW...if any of you are planning to watch the LATAM event on Wednesday, Keith is listed as "CEO Solgold"

Hi Guys

I will be engaging with the company tomorrow.

Can you post on here what you think the key issues are.

Clearly there will be some questions I can't ask, for legal/regulatory reasons; and there will be some questions that they would prefer not to answer.

The other thing I would appreciate would be any thoughts you might have about what you are expecting from the company in the next few months and possibly what ultimate outcomes you foresee.

I will do my best in the time available and will summarise the conclusions afterwards.

Hope you can help.

RK

And there's this...

"Remember I was the one that predicted we would get no bid...."

So why has he always insisted that "this will go to production..."

I can't believe this...is Quady changing his tune...?

"Once we have these in place, then if we are to get a bid, it will be early next year. "

"...and the most probable outcome is we will take this to production."

Boyfriend going to Copenhagen she's going with him...

I shall miss her...incredibly friendly helpful and professional...Let's see how Fawzi shapes up...

On another tack...

Regional news at end of March? Election comment after 11 April...Alpala updates as and when...

Pains me to say...RS5...Red forever...64 years...see you in the Final...?

Added to this one from below:

"Drilling revealed a copper-gold porphyry with 10.9 million tonnes of copper and 2.3 million ounces of gold...."

PDAC Presentation still says 9.9Mt Cu, 21.7Moz Au and 92.2Moz Ag

PDAC says "263,244 meters drilled"

MD&A in February (Figs to 31.12.20) says "266,313"

MDA Varela (Rio Amarillo) "0.34% CuEq including 25.1m @ 0.58% CuEq."

PDAC "Recent rock saw sampling results from Varela include
• 12.74m @ 0.45g/t Au, 0.14% Cu, 4.89ppm Mo
• 25.17m @ 0.61% Au, 0.12% Cu, 85ppm Mo
PDAC: "US$256 million spent on exploration, appraisal & feasibility"

MD&A: "$267,350,715"

PDAC $91.2m Cash

MD&A agrees "US$91,155,242"

No mention of La Hueca in PDAC, but MDA states:

"At least three additional areas of surface mineralisation are planned for drill testing in 2021 as La Hueca remains a priority target showing further potential as a copper gold porphyry discovery."

Also omitted from PDAC:

Celen

"An initial 3,000m drilling program is planned for mid-2021..."

Sharug

"An initial 3,000m drilling program is planned for mid-2021..."

And from Mining Journal 8 March...which PREDATES the RNS Presentation when KM/JW said these things...

"The company is seeking partners for 20 concessions totalling 86,000 hectares throughout the country and will consider different deal structures from earn-in agreements to joint ventures. They comprise four projects in northern Ecuador (Aurora, El Descanso, Agustin and Yatubi) and six in southern Ecuador (Zhucay, Machos, San Antonio, Carmen, El Cisne and Sacapalca).

"With the Alpala deposit on its way, there is only so much we can do in Ecuador and we want to focus our attention on our more advanced projects with large consistent porphyry systems," Marshall said.

"We are looking to bring in partners on concessions that are at the start of the exploration process as we hope this will provide for a quicker discovery timeline on grassroots projects and be value accretive to SolGold shareholders."

"We have been approached many times by companies asking for deals on our ground," SolGold head of exploration Jason Ward told Mining Journal.

Copper > Copper-news 08 March 2021 CommentsShare
Paul Harris

SolGold has built an exploration portfolio of more than 3,200sq.km in Ecuador over the past eight years, in one of the most prospective countries in the world for copper and gold porphyries, and was one of the big winners in the 2017 exploration concession auction, the last time the country awarded exploration ground.

The company is seeking partners for 20 concessions totalling 86,000 hectares throughout the country and will consider different deal structures from earn-in agreements to joint ventures. They comprise four projects in northern Ecuador (Aurora, El Descanso, Agustin and Yatubi) and six in southern Ecuador (Zhucay, Machos, San Antonio, Carmen, El Cisne and Sacapalca).

"With the Alpala deposit on its way, there is only so much we can do in Ecuador and we want to focus our attention on our more advanced projects with large consistent porphyry systems," Marshall said.

"We are looking to bring in partners on concessions that are at the start of the exploration process as we hope this will provide for a quicker discovery timeline on grassroots projects and be value accretive to SolGold shareholders."

Ward said the company had met its minimum annual exploration commitments in all concessions and that the Ecuador mining ministry had stated extensions would be given for the four-year initial exploration term where it had not received all permits to complete the required work programs.

The company said none of the projects would be impacted by the recent vote to ban mining in the Cuenca region of Azuay province.

So why hasn't anybody who has been insulted called him out on how Cascabel will be financed with 'minimal equity'...?

Meanwhile, extracts from the Latam February article...

"In 2013 London-listed explorer, SolGold discovered the Alpala deposit. Drilling revealed a copper-gold porphyry with 10.9 million tonnes of copper and 2.3 million ounces of gold...."

Interesting...that's higher than the last figures...

"On its own it could almost half the global copper deficit predicted for the second half of this decade. It’s high-grade core, with a copper equivalent grade of 1.4% is well above the global average"

And for those remaining Nick Mather fans, he is quoted twice in the article as well as Kkeith Marshall, so he's still around...

Aye... they went from 20.88 to 22.62 yesterday on TSX on volume of just 6,600 shares ((£1500)...

Maybe someone read what I posted yesterday and started to close...such as the Canadian Market Makers...?

"Meanwhile, although I can't find any evidence of shorts greater than 0.5% in the UK and, despite it being a much quieter market, the shorts in Canada rose sharply in November/December from an average of c100k shares throughout 2020 to between 1.2m and 1.4m shares ever since...

That might not seem much but it is 12/14 times the daily volume, so I will be looking for signs that they are closing..."

All due respect to your posts also DBW...sincerely...

When he bought at 4.6p he owned 0.3% of the 'Enterprise Value', i.e. MCap...

He now owns 0.06%...a diminution of 80%...

My case rests...

Colonel...the company has made it clear that they have an option until May on the further FNV $50m...

And the regional monies will also run to May at least...

So we can reasonably expect good news before late April, one way or another...

Just to clarify...none of those quotes were from Keith Marshall...they were all from the article linked at the bottom of the post...

KM's comments are crystal clear from the Latam article as I posted later...

I think Quady still has me filtered, so can somebody else ask him the sorry of question he keeps asking everybody else to justify his arguments...

"So Quady, if there is to be 'minimal; dilution', please tell us specifically how Alpala will be funded?"

And I'll lay any money he will duck the question...

And Quady has the nerve to say this to RichR...

"Whereas RICH3R, you provide me with nothing, I understand why I am invested, I know from your posting history, you don't."

And he later says...

"Seanhunter, that doesn't apply to me, I am averaged at 4.6 pence, I have sold some, but did all my buying in 2013. ( I have never brought more, and indeed will not buy more ). I did that old fashion thing that investors do. I took a position.
There were just over 600 million shares in issue at the time."

Now if I remember correctly, he had 1.8 million shares once and now owns 1.2 million, which means he has DECREASED his holding, but...

Anyone who UNDERSTANDS investing knows that when there is an equity issue, unless you increase your holding proportionately, the inherent value of your shares falls, so...

If he held at least 1.2 million when they were 4.6p and the shares in issue were 600 million and...

There are now 2,084 million in issue, that means...

The inherent value of his shares is now 21 x 600/2084...

That gives 6p...so he's made a nominal gain of 30% as his reward for holding for 10 years...

Oh but wait...if we take account of inflation over the period he has held, 4.6p becomes 6p...

SO...he has made nothing at all in real terms...

And he has the gall to preach to RICHR and seanhunter about investing...

How arrogant can one person be...? Quady's post from last night on 'open cut'...

"OK everyone, I think a history lesson is required, as we have some nonsense surfacing ..."

So here's a lesson from Quady's recent history...

March 4 "A simple open cut, with a faster payback, may mean they are happier now, and they may well help with the fund raise."

March 1 "Redknight the loan is for block cave, we have no idea of open cut, may be under a billion, before we are producing..."

March 1 "I understand that Alpala is more complicated and the water treatment slows up things, but imagine we announce that we can get an open cut leading to production in two years..."

But on St Valentine's Day, he said this...

"We are still being told a bid is imminent, even though we have changed the BOD over time, to improve governance and bring in experience to build a block cave mine, and move to production.
We have more than one reference saying we are looking for the CEO to have experience of building a block cave operation in South America. "

Whereas this is EXACTLY what Keith Marshall...Chair of the Alpala Committee...and a world expert on Block Caving said in the Latam article...

"The fact that Alpala’s ore body is deep underground, coupled with its environmentally sensitive location in a virgin mining jurisdiction, means that Cascabel needs to be a subterranean mine. Traditionally subterranean mines are far more expensive than open cast operations. The only way to make them competitive is to mine with block caving."

Now when did 'subterranean' morph into 'open cut'...?

Once again Quady is posting arrant nonsense to cover his tracks and reveal that he knows absolutely nothing about mining...

The interview with KM could not have been more clear.

'Open cut' is the same as 'open pit'...this is going to be 'block cave'...

"Open-cut mining is one method used to extract these minerals from the earth.

Open-cut mining is used when the minerals are found over a large area and relatively close to the surface. The open cut mine is dug downwards in benches or steps which slope towards the centre of the pit....

Mining continues until the pit becomes too deep, too expensive or too difficult to mine by this method. Zinc, copper and coal are just some of the mineral resources mined by open-cut mining."

https://www.oresomeresources.com/app/uploads/2018/06/Fact-sheet-Opencut-Mining-1.pdf