Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Buddy you do have a point I believe about relative values. As we know in Oz it is common for FIFO workers with fairly standard trade qualifications to earn $250 k and above due to remoteness of location and scarcity of skilled labour. The numbers go up from there for engineers / geologists. If Nick Mather is spending time in Ecuador having input into exploration the larger numbers don’t come as a surprise. I don’t know what he is actually doing but he is in an awkward position. The real anchor on the share price I believe are the significant shareholdings of BHP and Newcrest. If a large outsider gets involved the price will take off but we have been circling around that topic for years (literally) now. Hope it happens before I get too much older. GLA
The trading so far today is less than one million pounds in value. This is negligible. I would not be getting panicked. A lot of the real value in Solgold is not trading
I agree Copper
Also wonder if holding back other results while pre announcing the PFS in a short time frame is a signal to BHP and Newcrest that Solgold is setting its own agenda and results can be published any time. Possibly also drawing a distinction between Alpala and other assets
Montecristo I think you are spot on in relation to this
This rips the bandaid off. They are effectively saying to the majors there will be no cheap deals. I can’t help but feel this would not be the way BHP and Newcrest wanted things to go. Respect to the CEO
I wonder if this advance announcement will have caught BHP and Newcrest by surprise. One can only hope so
Copper
All things come to the patient
This is a huge resource
We needed the patience of Job
But it will be a big pay day
Hope all is well mate
Thanks Copper mate
I have been following the board off and on
After nearly a decade I stopped checking every day
Now I feel the end game is in sight
Thanks for posting this
Any insights as to why some analysts would be saying the 2019 NPV would be cut by 30%?
I have not been following the chat on this
I agree Copperpot. The Chinese could swallow it. It would be naive for us to think they are not watching it closely. BHP have bought enough shares to make them an obstacle. If a bidding war broke it it would be great for us. But the Chinese might do a JV with BHP. There are Chinese companies in large ventures in Oz in minerals. The Chinese company Sinopec owns about 30% of the APLNG LNG gas joint venture in Queensland with Conoco Phillips and Origin. A competitive bidding process would be ideal. Also, Twiggy Forrest has the ambition and ego and urge to diversify out of iron ore so he should not be ruled out
Great to hear from you Copper old mate.
Excellent advice: love your family, life and friends before loving any investment. I see a lot of unhappy wealthy people in my job. And some very happy ones. But the happy ones seem to see money as a game (a serious one) rather than something that dictates how they feel about life. And I have some very happy friends who are not really wealthy and who get by. I think investment should not just be about money but it should be interesting, fun and engaging also. I got a letter from an ETF I have a small investment in on the ASX called FANG. It tracks the tech giants in the USA (Facebook, Amazon, Netflix and Google). The letter said the 2021 financial year was won by Gold as investors fled risk assets and sought traditional safety. Second in the race were the Tech giants as social distancing fed greater internet use. The third were environmental businesses like battery technologies as investors look at the future of the planet. Makes me think copper is going to become more important
And on a note that would be close to your heart Copperpot, as you know, Queensland lost the State of Origin this year. That can only mean one thing. We will win next year and things will look up. I am expecting the same for Solgold. But we need to be patient. Best wishes Copper
cheers Bozi
all your views are valid and I take them on board
I don't want to go on about Nick but I agree he is now there for the ride like the rest of us unless he does a side deal
thanks OG
I mean to say good luck to you and GLA
Thanks BNC
I should have said it before, but I appreciate very much reading what you have to say generally. I feel the same way about numerous contributors on the board such as Copperpot, Addicknt, Zoros, Pinot, DBW, the Colonel and others. I am getting to an age (56) where I feel that sometimes we don't say to people that we appreciate their efforts enough. I know a few things about stocks and commerce and board governance and management, but don't know quite a lot of things that I read about on here from people like you, particularly about the machinations of the stock exchange. I also think that people of my age and older should grow up enough to understand that we can disagree with each other and still respect the debate and enjoy the conversation. One has to be big enough to accept that people disagree with one's own views. I really dislike the personal edge that gets put into disagreements on this board sometimes.
I zoned out a bit from following the chat as I got tired of bickering and felt a bit negative about Solgold myself. Perhaps a bit too negative. Living in Brisbane I perhaps know a bit more about NM than some of our London people. I was disappointed in his ultimate performance although I recognise his brilliance. In my view he has not grown up and continues to let his ego get in the way. Again, others may really strongly disagree with me. But I have friends here who have got sick of trying to accommodate Nick's antics and his ego, and who have been loyal to him for years.
I think the board should be a kind of team effort to assist each other. But it should not be a group think or people reinforcing false confidence or false pessimism. If we keep congratulating each other we will make bad decisions. if people abuse each other it is a waste of life and time. We should assist each other as people who share a common interest: to see a great outcome for the investors in solgold who are not major companies.
I also zoned out because I had become a bit tired of Solgold's track record. Those of us who have been around for a long time have been very patient even though this is a great resource and a great discovery. But the years have slipped by. The missing of deadlines, the stuff up with the PEA, and the weird changing of priorities about different tenements did not help. As we know the stock has failed to a break out of the 40 p barrier. I have read many theories on this board about why this is so. But it started to get to me.
So it is better to shut up than to whinge. I am following again now.
For what it is worth, I think BHP really has to pursue opportunities for copper as (I have said before) they are saturating their image in Australia (which is where they are based and where their public image really counts) as a copper company rather than a coal / petoleum/ iron ore company. A lot of this is smoke and mirrors.
But the main point of my message is to thank you for your assistance. Good
Thanks for the responses. Appreciated. Have been keeping away from Solgold recently but checked in and was happy to see a 2 p jump at the end of today
Can anyone assist with why this site shoes the SP as 28.20 but when I consult my phone it shows the closing price as 30 p (as at 4.45 pm)? I must be missing something fundamental
I agree with you sjn1980. I do think, however, that BHP's original acquisition in Solgold has put it in a very strong position. If China wants to outbid BHP for control of Solgold I would welcome it as we shareholders would make a big pay day
The point of this message is that I think BHP will be very keen to make sure it continues to diversify its portfolio and to build up its investment in copper, including, of course Alpala/Solgold. Some of the UK contributors to this board (and people from other countries) may not be closely aware of the daily, increasing hostility between China and Australia, particularly from China to Australia. It has become almost a daily issue in the press. The issue spiked recently with a comment by a senior Australian bureaucrat that the west should strive for peace but be ready for war. China has been becoming more aggressive recently in relation to Taiwan and there is an expectation it will move on it either during the Biden administration or at least in the next 10 years according to what has been published by US and Australian defence personnel. This hostility to Australia has apparently been caused by Australia's traditional military ties with the USA and by Australia calling for an investigation into how Covid 19 started. Australia, with other western countries, has objected to China's aggression in the South China Seas. China is also building a fishing port close to Australia in PNG. Its fishing fleets have military hardware. The ill will has manifested itself in China putting embargoes, or holding up shipments of barley, meat, wine, and coal. The one commodity it has not been able to hold up is iron ore. Currently China has no iron ore of its own. China currently takes about 80 to 85% of Australia's high quality iron ore. It has a huge demand for it. The price of iron ore just jumped to a near record level in the last week. China is working hard on developing an iron mine in Guinea in Africa at Simandou so it will have its own source. The perception in Australia is that once China has an alternative iron ore source (apart from Australia and Brazil) it will start to play the same games with Australian iron ore that it has been with other commodities. Rio Tinto is well placed as it has an option to continue building and opting in to the Simandou mining project. Fortescue Metals is currently a pure iron ore play (although it is looking at hydrogen projects etc) and is not a diversified producer. Simandou is expected to be producing in 2025. By way of contrast, BHP has been advertising itself as a copper producer. It still has major coal mines in Queensland but is apparently trying to keep this under the radar as coal is now a non popular commodity due to climate change politics. BHP has a large iron ore presence but stands to be adversely affected if China does succeed in establishing Simandou as an alternative to Australian iron ore. Hence BHP will want to be developing its presence in copper and other metals. When BHP advertises on Australian television it is always about copper, electric vehicles and the future economy. Just a thought for the weekend. But I think BHP would never let Alpala get away from it.
I think it is a positive RNS. It seems to be telling us, and would be investors, that they have a simpler, faster and more cost effective way to extract value.
Does anyone have any insight into why the price is rising the last two days? There is no obvious reason. Would be interested in any thoughtful comments. They are looking for a new CEO. Nick is still on the board. The elections have not been held yet. So I am wondering if something has leaked?
Addicknt and DBW
Thanks very much
Live long and prosper
Optimus