Member Info for Padmaster

Came across this which I have copied and pasted which may be of interest.

The familiar expression, “I won’t dignify that with a response," applies here. Most third parties would grasp that you avoided reacting to someone else's comment not because their defamation was righteous but because what they said hardly warranted a response. Internet snipers, for example, can hurt you only with your consent. Ironically, your power in these situations comes from ignoring their rhetorical jabs. In most instances, you’re in no way obliged to respond to belligerent, non-constructive criticism. If someone is gratuitously attacking your character, it’s senseless to try to defend yourself or to sneer back at them. The best way to settle the matter is through silence, which leaves yourself much less open to further onslaughts.

Looks like Karl is merely temporarily covering for NM at DGR.

But what's the point if it's only for 2 weeks? Cant see any DGR board meetings or similar planned.

Must be something extremely important which NM has to be carrying out within the next 11 calendar days. We all know where NM's focus has been lately.

Yes earthling - looks like good news within 2 weeks,

PS - ignore the infestor drivel-mongers - they're not worth responding to.

Just read an article dated 5th June which stated the following re Ecuador:

•Windfall Tax — A bill has been expedite to remove the windfall tax, and should be approved in the next 30 days.

https://investingnews.com/daily/resource-investing/ecuador-renaissance-mining-attractiveness/

Commodity Investment Fund strategy. For value investors such as ourselves, we are particularly interested in the discovery and in the production phases. We see sharply rising valuations during both of these periods, and it is here that our investment focus lies. In between these two phases lies a period where feasibility studies that determine the economic value of a project are conducted. Companies in this phase are often target for a take-over bid, which is the reason we still hold these in our portfolio.

Commodity Discovery Fund - Dutch Investment House comments. Solgold, our biggest position, says for the time being not interested in the great interest of large miners for its Escabel project, a large copper / gold discovery in Ecuador. In 2016, the company already rejected a bid of $ 30 million from BHP for 10% of the project. Recently, the company says it has turned away interest from Vale. For the company the interest comes too early, and the price sentiment is not yet correct. This continued interest proves the significance of this large copper / gold project in Ecuador. Because of the years of decline in the mining industry, and the associated underinvestments in exploration, the amount of large new discoveries in copper in particular lagged behind. The result is a huge interest from the major miners for those few projects with potential for large copper production. A takeover even seems to be a matter of time for the company. Despite Solgold's bravado that the company has the expertise to start the production facility itself, this is so capital intensive that it is not realistic to expect that this will take place without the help of a wealthy partner. Solgold openly expresses a preference for a partnership with Newcrest, an Australian gold producer that already owns 14.5% of Solgold. Solgold is helped by reports that the severe 'windfall tax' imposed by the previous government is likely to be abolished later this year, as Ecuador is embarrassed about foreign reserves. Should this indeed take place, the mineral-rich country will be completely open to new discoveries for the first time since the enormous gold discovery of Aurelian, 12 years ago. Solgold is a typical example of our investment strategy, where a relatively large position is taken in companies that make major discoveries in raw materials that are becoming scarce. Although the company has dropped significantly, we expect the good times for our investment in Solgold to come. We expect that an acquisition of Solgold will not take place below 60p.

For my 2000th post - I just can't resist it, so here goes:- Maiden resource over 1b tonnes - tip of the iceberg. MRE enhancement to resource within 2 months. Big system, rich core. Blackrock significant investment. 15 fold increase potential - great upside in the investment proposition. Tsx listing and main market listing. Alpala drill results - further to come. Alpala still open in several directions. High grade core - and increasing in siz Further Aguinaga drilling to come. Bhp takeover offer. Likelihood of bidding war between majors. A number of drill ready Cascabel targets. 15 Cascabel targets in total. First mover advantage. More than 20 billion tonnes of orebody over Cascabel. Tier 1, world class discovery - only 4 others in last 10 years. Biggest copper/gold discovery in last 20 years. Copper demand to increase. 50% of shares not in circulation. Funded for next 2 years. NM with 90 odd million shares. Directors invested. Mining companies invested. Institutions invested and increasing. Solg - a major in the making. JORC already established in Rannes Australia. JV partners likely for other Ecuador tenements. Whole string of new discovery prospects in Ecuador. Talented management team with industry recognition. State of the art geophysics. Work class porphyry expert Dr Steve Garwin advising. Location, water, power ports etc. Good relations with locals. More than 70 tenements successfully bid for. Sharehub published target price of 90p in 2018. Significant rock chip samples at new tenements. Ability alone to take it to a mine. Ignore NM at your peril.

Not long now before it’s permanently curtains for Jimi-thom

No wonder Sharehub has a target price of 90p for Solg this year

Increase in MRE will happen shortly and looking at share price rerate with interest from majors, you have been warned.

Solgold points to the owners of recent major deposits whose shares often rocketed as their value clarified and investors flocked in. Examples are Tujuh Bukut (up 7-fold in a year) and Oyu Tolgoi (now Turquoise Hill, formerly Ivanhoe Mines) containing 2.7 billion tonnes of copper as well as gold Ignore at your peril. DYOR

It is stated regularly that we have only just scratched the surface, even having already 1billion tonnes in the bag. Cascabel is described as a potential mining district. 10 to 15 billion tonnes of magnetic orebody has been suggested as the possible size of Cascabel. (Years of drilling to prove this accepted). 75 to 100 million tonnes of cu equ is possible. I make that £520,000,000,000 = £520 billion. No wonder the current MRE is scratching the surface. No wonder the Cascabel mining district will transcend copper price cycles and will last inter-generationally. Ignore this at your peril. As always IMHO DYOR E&OE

At least 1.5billion tonnes expected in updated MRE. Say Cu equ is .75% and copper price £5200 per tonne. 1.5 billion x .75% = 11.25 million tonnes copper x £5200 = £58.5billion Take off a bit for less than !00% recovery from the ore and its still massive. Updated MRE is still only scratching the surface. I can easily see a major offering a couple of billion for Solg. IMHO DYOR

JW, "Cascabel - a once in a lifetime project". NM, "Its rich. Its gold rich. A globally important Tier 1 Copper Gold discovery that's going to transcend metal price cycles and last inter-generationally." https://www.youtube.com/watch?v=cbOctG1-Z5Q&feature=youtu.be Anyone who hasn't seen the Solgold corporate video - please do so. Anyone unsure about investing in Solg, please do so. Anyone influenced by the negative posters on here - please do so. Who you trust on these boards is up to you, but do you trust the professional Solgold team based on the factual information provided by them, or do you trust the comments of anonymous doubters? You know where my trust is. As always - all IMHO, DYOR.

Well worth repeating that observation FTJNY. Another billion tonnes expected at Trivino having a 200m tonnes high grade core. Well, at least there are quite a few of us who can see what's coming here and the likelihood of this being repeated many times - as NM has mentioned. GLA

"Solgold has made one of the most significant copper gold discoveries in recent history." The opening line of the recent presentation. If people don't believe this - it is a matter for them. For me, I agree and I know I will not regret being "all in". Just as some may regret not having invested when the share price was below 2p, so in the next year, there may be many who will regret not having invested now. All IMHO DYOR.

Cash of approximately A$21.7 million (2016: A$6.4 million) was invested by the Group on exploration expenditure during the year. From annual report. This will have increased substantially since.

Solg has 2nd best copper drill intersection in Q1 2018. (Excludes gold credits). https://www.streetwisereports.com/article/2018/05/08/microcap-explorer-releases-q1s-third-best-copper-intersection.html Keep the faith LTH's and we will reap the rewards. Don't be swayed to sell by the trader infestors' comments. All IMHO DYOR

Jimi 17.41 ".Who can come on here and say they did not make a major blunder by not selling at 46?" Who can come on here and say they did not make a major blunder by not buying when the price was under 2p?

Lesson 5: Bashers know YOU CAN'T VERIFY THEIR STATEMENTS. That's why they make the vague statements they do. They rely on you being to lazy to research their droppings other than to scan the board for others opinions. This is particularly dangerous when you consider that Bashers work in packs and often validate and back up each others nonsense with what appears to be "innocuous and unsolicited" verification by comrade Bashers