Member Info for Padmaster

One day Novice, in the very near future, you will wake up and it will be reality and you won’t go to work (ever again).
GLA

Still a bargain at this price 37.75p currently.
Multi bag opportunity from here.
IMHO
GLA

Thanks Zoros/schlemiel
We’re all in this together sharing our collective info. I thought the Cornford article was very relevant to current happenings and a worthwhile reminder.

EricEric - welcome back. Long time no hear. I think we can forgive you now for your constant denouncing of Solg when the share price was 1p - 2p

This John Cornford article nicely summarises the different factors at play and likely scenarios.

https://masterinvestor.co.uk/equities/johns-mining-journal-solgold-the-next-two-weeks-should-be-interesting/amp/

Here’s a flavour:
“ Solgold’s third response has been to start drilling (after Covid-related delays) at two of its other most promising targets in Ecuador, with the obvious hope that early results will convince all those milling around it that it is even more valuable than its Alpala stake alone, and so influence whatever strategy potential bidders might be considering.”

LA HUECA PROJECT - news must be imminent.

13th August 2020 drilling was at 91 metres.
Drilling operations underway at La Hueca Project utilising one man-portable drill rig. Initial drill hole LHD-20-001 at current depth of 91m. This hole is designed to test depth extent of outcropping porphyry copper-gold-molybdenum mineralisation at Santos-Lindero Zone, La Hueca Target 6.

The highest priority ‘’Target 6’’ is defined by a 2km by 1km north-northeast trending dioritic intrusive complex with coincident Cu and Cu/Zn soil geochemistry, with a distinct central high priority drill target area at Santos-Lindero where outcropping porphyry style B-type quartz veins occur within the “Kfs Diorite”, which lies coincident with Cu, Mo, Cu/Zn, and Mo/Mn soil geochemical anomalies occurring at confluence of primary north-northeast and secondary east-west regional structures.
At Santos-Lindero the Kfs Diorite hosts B-type quartz – chalcopyrite ± bornite veins associated with secondary biotite hydrothermal alteration and zones of >1% Cpy/Py ratio, within a halo zone (500m x 400m) of Sericite-Epidote-Chlorite hydrothermal alteration. This geological setting is consistent with that of a preserved and mineralised porphyry Cu-Au-Mo system at depth. Integration of existing datasets with the 3D geochemical modelling performed by Fathom GeophysicsTM further supports this, having determined the potential for mineralisation to extend to approximately 500m below surface.

Ha ha great that you’re still with us cc.
Let’s hope your birthday will be an extra special double occasion

Makes perfect sense ICE - we await the assays with relish.

ICE,
In the announcement Solg predicts a 1:1 copper/gold ratio.

PDH-20-001 is testing below outcropping surface mineralisation in Cacharposa Creek that returned an open-ended rock-saw channel assay result of 147.8m @ 0.69% CuEq (0.43 g/t Au, 0.37% Cu) including, 82.63m @ 1.08% CuEq (0.71 g/t Au, 0.55% Cu). The results exhibit an approximate 1:1 copper (%) to gold (g/t) ratio and an approximate 1:1 copper to gold ratio is also expected from drill core assays.

Shippy,
Mine always seem to be for Russian women wanting to marry me.

Perhaps they’ve hacked into my Solg shareholding account and know how much I’ll be worth?

Thanks DBW

Anyone got a level2 update for us?

Anyone for a 40p close today?

BHP standstill expires 15th October. Assuming the agreement is up to and including the 15th, that gives NM another 8 market days to get this share price up further.
I think we can expect more significant news announcements in the next week and a half. Hang on to your hats!

He’s certainly moving at a pace at Porvenir Zoros. Must be the influence of the fast approaching end of BHP shackling.

Yawn, it’s getting a little monotonous reading these massive discovery drill results from Solg.

I’m rather looking forward to a “duster” drill hole for a change.

I think I’ll be waiting a very , very long time !

They must be VERY LUCKY with their first drill ....
...... or maybe highly skilled porphyry explorers.

Tier 1 number 2 in the bag.

Now which one shall we go for next - we’re spoilt for choice.

That’s nearly half a mile and still going

I’m no expert on this zoros but have found this which suggests a 10% tax

https://content.next.westlaw.com/4-602-2367?__lrTS=20200727165406184&transitionType=Default&contextData=(sc.Default)&firstPage=true

Asset sale
Assest sales are subject to the following taxes:
Capital gains tax (Impuesto a la Plusvalía): up to 10% of the price established in the respective contract, which will be determined by the respective municipality.
Municipal transfer tax (Impuesto de Alcabalas): 1% of the price established in the respective contract.
Municipal contribution on improvements (Contribución Especial de Mejoras): established on a case by case basis by the municipality where the property is located and based on the value of the improvement that must be shared by the beneficiaries.
Provincial council tax: equivalent to 0.001% of the municipal transfer tax.
Registration levy: the amount varies depending on the purchase price, and ranges from US$22 to US$250.

Agree schlemiel re: NM’s strategy.

Part of the defence against any lowball bids.

Citibank need to earn their money as takeover defence advisors in this regard.

Whichever way this pans out Quady, we should see a multi bag from here for all.

An interesting October ahead of us for sure.