The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Https://www.ft.com/content/db1911e9-ac77-4176-8afc-3c6e266ef027
It has been said many times, but while a lot of people on here only want to argue, have a read of this about large mine supply, posted on Bloomberg but this url should be routed via yahoo
https://tinyurl.com/mr4ydacs
https://twitter.com/MiningVisuals/status/1650018289668567041/photo/1
If anyone wants to read the full article that needalife is quoting from, here is the link
The article is more balanced than what needalife is portraying, but you are all old enough to make a more informed decision about needalife from the full article
https://tinyurl.com/4rhvy6dt
This one is also worth a mention from WI, don't know if he is having a dig at Quady :)
"I owe investors an update? Maxit has the company up for sale and is working with interested parties to get it sold. I am pretty sure everyone who follows SolGold knows this."
WI goes on to mention options that have been awarded
"Management is not there for their salaries. My rule of thumb is the granting of options at a time like this is bullish"
https://twitter.com/ItsWarrenIrwin/status/1650516355311910915
Not sure how this plays into the free trade agreement/talks between Ecuador and China
https://www.international-construction.com/8027763.article?utm_source=newsletter&utm_medium=email&utm_campaign=Construction-Briefing-30th-march-2023-Final
If mining companies in the West are planning to buy their way out of years of underinvestment in new assets, they will have stiff competition, not just at home:
“Ensuring availability of raw material supply is not a new policy for China, but it has clearly been moved up the agenda since last year’s NPC.
“We view this as effectively a carte blanche to Chinese SOEs to invest in mines overseas again, both mining companies and, potentially, battery and automakers such as CATL and BYD.”
https://tinyurl.com/yfys4s2p
Actually i think the total inventory is 17.6 MT CU, but my valuation between 39p -> 58p per share still stands, just my text comment in my spreadsheet says 14MT, but the calcs are done @ 17.6 MT CU
The Pre-PDAC presentation has been removed
Sorry for any confusion, i hope Forts value would come true
One of the solgold presentations, it might have been the PRE PDAC one, the presentation gives a a total metal inventory of 14 MT CU, which combines Cascabel (Apala, TA) and Porvenir
Which gives a value of between $1.4BN -> $2.1BN
Previous post from me gives that a value of between 39p -> 58p per share
With a negative view Pad, that would be pushing $0.09 cents in the ground value, where as the likes of Warren Irvin and Malcolm Norris are quoted as saying between $0.04c and $0.06c in the ground values, the big unknown is all the other concessions and the addition of Cornerstones licenses/JV, maybe it could push the value up, who knows
If there are any budding geo's here there is a Steve Garwin video with respect to porphry systems, mentions Alpala as a "TRUELY GIGANTIC" discovery at about 10minutes (this is a newish video)
Not sure if the Cascabel concession is mentioned again after 10mins, i gave up
Means diddly squat to me, but as nothing is going on in the public domain wrt Solgold this will bore you to sleep
https://www.youtube.com/watch?v=Ew2UAoPeqm0&ab_channel=geohug
they didn't mention this bit about the LTA, which my understanding is that the 25% tax free lump sum is restricted to a maximum of £268,275, obviously doesn't effect :)
"The government will also remove the Lifetime Allowance charge from 6 April 2023,
before fully abolishing the Lifetime Allowance in a future Finance Bill. The
maximum Pension Commencement Lump Sum for those without protections will
be retained at its current level of £268,275 and will be frozen thereafter"
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1142902/Web_accessible_Budget_2023.pdf
use the current major share holder information on solgold website for comparison, it's just the reduction in % holding that is changing, worth while saving a copy for yourself
https://wp-solgold-2021.s3.eu-west-2.amazonaws.com/media/2022/12/2022.12.15-Key-Security-Information.pdf
We originally offered 10 to 1 under Mather, now it's 15 to 1, and we are paying them to keep the lights on, at $250k every 3 weeks or so, so assuming this is the last payment, things should get wrapped up by early to Mid March at the latest
Seems Cornerstones funds are running very low, and hence the merger might not happen until mid March :(
"Transfer of funds to Cornerstone
On 27 January 2023, SolGold provided Cornerstone with US$250,000 to assist with the payment of expenses relating to
Cornerstone’s day to day operational activity in advance of the acquisition being completed. SolGold will be providing
Cornerstone with a further US$250,000 on 15 February 2023 for similar assistance."