Member Info for Quady

Eloro that's Pbow's point of view.

Feel free to post what you think the timeline is and if you post the reasons for your thinking.

It will add more weight to your POV.

Good grief Eloro.

Pbow is one of the most considered and forthright posters on here and always offer's intelligent point's.

Whereas IP is a looney.

I don't always agree with Pbow, but he is worth reading.

To be honest Rich3r, the political climate in Ecuador is a lot better than when we discovered hole 5.

It's not likely to get any better than it is now.

Ecuador is mining friendly, but comes with ESG, which we seem to be good at.

Rich3r people on here have been saying that we will have an imminent bid since 2012.

If it's not the diverse book, what is it, that has stopped a bid.

Good afternoon, the problem with the term diverse book is you can't find it on the internet.

But it was a term used during the 1980's .

Just goes to prove that there are some people on here that if it can't be found on the internet it can't exist.

And those of us that were about in the 1980's and trading.

Good afternoon Eloro, the reason I said it was about ExploreCo and not Cascabel, is I listened to the latest presentation which, you then directed me to the written presentation.

It says in the latest presentation that the interest in in the southern properties which will make up ExploreCo and also says that we will proceed to construction and Solgold are defining the way for.

It's okay you answered my question, as I said I thought I had missed something.

Thank you Eloro.

Eloro what a strange thing to say.

I am not trying to poo poo anything.

I thought I had missed something.

It appears I didn't.

That's why I was enquiring.

Hi Eloro the interest from the majors I believe refers to ExploreCo.

Nothing stated about Cascabel.

Could you post the link please, as I have already listened to the wrong thing.

Afternoon Eloro, I have just listened to the latest presentation.

It makes it clear, we have had no interest in Cascabel.

He is talking about interest and site visits for our southern properties in ExploreCo.

This is where the site visits have occurred.

Also we are talking to multiple finance operations about the rest of the finance for Cascabel.

He mentioned JCC, but not as a buyer or someone interested in Cascabel, but as an operation that requires steady concentrate for their smelting operations.

He talks about Solgold retaining control and now moving towards a block cave mine at Cascabel with interim stages and finance.

Lastly because we are moving to construction, this has resulted in the upwards movement in price, as we were greatly undervalued and this would take some time to correct this situation.

Good afternoon Eloro.

May I ask what majors have recently shown an interest in us, and do you have the dates of any site visits by any of them.

As I am unaware of any.

Good afternoon Rodney.

We don't know that.

The short has changed.

We don't know how much the position has been unwound and re-established.

Also shorting done in a professional way means that they will have a strategy that you bet the other way, using tools to predict the direction of travel and thus adjusting your position.

Good morning Rodney.

It's really a simple position Actusray have taken.

They believe no bid is coming, and the fact we have missed deadlines in the past, means they think they can make money, while hedging within the sector.

So the general consensus within the market is no bid is expected for Solgold.

That's why I think it would be advantageous for us to speed up construction.

Thank you addicknt I hadn't heard.

I will take a look.

Actusray shorting Solgold has led to more conspiracy theories on here.

So I decided to ask an AI engine to give me a logical reason for their short.

It makes sense no conspiracy, and too do with their overall interests.

I will post it below.

ActusRay Partners has a short position in SolGold (SOLG), likely based on a view that the company's stock price will decrease due to the inherent risks and challenges associated with its mining projects.

Specific reasons, suggested by market commentary and company news, likely include:

Project Delays and Execution Risks: SolGold's primary Cascabel project has a long development timeline, with a pre-feasibility study for one key area, Alpala, experiencing delays in the past. Mining projects are complex, and delays in permitting, financing, and construction can significantly impact a company's valuation.

Financing Uncertainty: Developing a world-class mine like Cascabel requires substantial capital. While SolGold has secured some funding and is exploring options like a potential secondary listing in Australia and spin-offs, ongoing uncertainty and the need for future financing present risks.

Operational Losses: SolGold has consistently reported annual losses, which, while narrowing recently, indicate the company is still in a pre-operational, capital-intensive phase. This lack of current profitability can make the stock vulnerable to short-selling.

Commodity Price Volatility: As a mining business, SolGold has no control over the prices of copper and gold, and its future profitability is heavily reliant on volatile commodity markets.

General Market Factors: ActusRay is a quantitative hedge fund that uses an equity long/short strategy with a discretionary overlay to capture opportunities amid market volatility. Their short position may be part of a broader strategy to hedge against market risks or a specific negative outlook on the mining sector or SolGold's specific risk profile.

It is important to note that ActusRay's short position is a standard investment strategy aimed at profiting from a potential decline in SolGold's share price, reflecting a negative view of the stock's future performance or as a hedge against other investments. SolGold's management and officers generally do not comment on third-party analysis or short-selling activities.

Good morning addicknt.

This is one of the problems in defending a start up.

The book becomes less diverse.

At the moment, we have a large number of institutional and retail investors, and to me looks like an even balance.

But unsure if brokerage is buying a block to sell on at an agreed price at a later date to one of the main holders.

Nick Mather is still key to this, and quite rightly this blocks a sale at a low price.

However I feel we require spades in the ground faster, and this maybe our next news, after permissions finalised.

Rich3r what are you on about all my careers.

I had an apprenticeship when I was aged sixteen and over seven years became an electrical engineer and 3 years at night school with friends to get a HNC in electronics.

I then worked as a broker at a life company in London who put me through the CT exams to become an actuary.

I only got up to and including CT 3.

I then decided to get a career in supercomputers as I had the qualifications they were looking for and went from engineering to technical analyst.

So three careers in my life.

Unlike others on here I don't pretend.

Yet you seem to believe people on here that have got this share constantly wrong.

Good morning addicknt.

The problem is that it works at the extremes and was meant to calculate the optimal tax take and latter on Arthur Laffer updated to allow social structures.

However in practice it never worked as it was often used to explain tax takes that had gone wrong.

It could never be used to define the tax take, including the overall tax take.

If you doubt what I say.

Try it.

What is the optimal tax take for the UK at this present moment and how that tax take would be distributed.

I haven't done this.

But if someone wanted to, I know from previous experience that the results would be surprising.

Good morning Not2sure.

I agree, I have never been a socialist and cannot think of anything that would persuade me to.

I am a part qualified actuary and do understand economics and am not blinded by people's pet phrase's.

I have seen people try to apply laffers curve and fail every time.

As the extremes are self evident and make sense, however no point is ever reached where a sweet spot is reached.

This is because societies and economic structures are different in different countries and political systems and thus laffers curve fails every time.

Slug you seem incapable of answering the simplest of questions.

I asked you how it was invented.

And why it doesn't work.

Slug do you even know how the laffer curve was invented.

At the time it was lauded today we understand why it hasn't stood up to scrutiny.

It doesn't work.