I don't mind it going to production, just the lack of news is a drag. We could be producing in around 5 years if it's fast tracked ( I'm happy to be corrected) if we have other tier 1's by that stage we would be a major in the making as Nick says. I was reading about Acado's success over the weekend, it took them 15 years to make a profit. Look at Amazon. Again a good few years. Remember how young Solg are as a company.
They need to sell at least a part of Alpala or Cascabel, after the MRE and PEA. If only to give shareholders something, otherwise NM is not sticking to the script about multiple exit points for shareholders.
Good reading, thanks for posting, it's nice to hear the opinion of industry insiders, I now have to decide who to listen too, the industry insiders or the billboard trolls lol
What makes me laugh is,the government charges of VAT and green levy are more than twice the profit rate that BG makes on the bill. I explain this to lots of my costumers that I get into conversation with, they look at me in total disbelief. The media really do misinform people in the UK
Is why so many supposed investers who have lost faith in the company are still so interested in it? I've invested in various companies over the years where I realised for one reason or another that I make a mistake, once out I had no interest in following the company anymore, why would I?
RE: Going for gold... getting diluted?24 Aug 2018 21:04
We don't need to be here for years. We have come a long way since the days of one drill taking a month to drill a hole. Within one year from now we will know for sure if Alpala is a tier one. We will have the numbers from the PEA and the PFS. So it's going to go in one direction or the other within a year. The other tenements will be icing on the cake. Crunch time is sooner that you think.