The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Aha...a much better participation by PIs in the last hour or so...
And a significantly better proportion of trades (and higher average value).
AT trades 62% compared to the average this year of c85%...
Onwards and upwards...
Whoever originated that gloating ignorant post might have noticed we are up £39k so far today and £53k since Monday's close.
Not gloating...a long way to go yet...
I won't mention it again but I very much doubt an apology will be forthcoming...
Solgold mentioned in these BMO analytical reports...
Even in 2018, Cascabel was already being used by BMO Capital as a comparator...slide 27...
https://minedocs.com/17/INVMetalsInc_Presentation_November2018.pdf
It has several times used SOLG as a comparator for shares it is analysing:
Arixzona Metals November 2022
https://petergrandich.com/wp-content/uploads/2022.11.01-BMO-AMC-Initiation-Report.pdf
Page 20. The peer comparison valued peers on avverage at NINE TIMES Solgold's copper equivalent and that was 16 months ago when the copper equivalent resource was well below the most recent values...
That would make SOL worth almost £1 a share on BMO's peer comparison...with nothing in for the projects outside Cascabel...!
And ATEX Minerals...Page 24 JANUARY 2024...
https://cdn-ceo-ca.s3.amazonaws.com/1iptijb-ATX%20Report.pdf
BMO is holding SOLG shares in their All Equity ETF
https://in.marketscreener.com/quote/etf/BMO-ALL-EQUITY-ETF-CAD-132560297/components/?p=21
And their Balanced ETF....
https://in.marketscreener.com/services/solutions/?utmzb_campaign=cmp++popin_cmp_refuser-s-abonner+refuser-s-abonner+&utmzb_content=++++&utmzb_source=popin&utmzb_medium=url_declenchement
Watch this space...
If you're expecting equity financing and 'non dilutive funding' turns up in the next few days, you may end up paying much more than 7.5p...
Buyers Remorse...of course...
It seems ironic to me that, despite the disconnect between the major holders and insiders not selling any shares, private investors have seemed to be fairly reluctant to buy, allowing the Autobots to dominate...
Private investors own 23% of the shares according to Simply Wall Street (i.e. excluding 'insiders like Mather and Sangha).
Clearly we had an impact in keeping Nick in his NED role, so in the absence of further buying by largere investors, we hold the key...
Mind you Director Buying might materially change that...
However, despite the foregoing today is a better day.
PS I learned many years ago that in general, private investors buy near the top and sell near the bottom...FOMO and 'Nuyers' Remorse'
So don't get left out because theres planty of good news coming down the track and how long can the 'interested parties' continue to play this gigantic game of 'chicken'...
$13.8 million net cash at 31 December with a monthly cash burn of $1-2 million...
"Non dilutive" funding imminent will put all cash worries on back burner for at least 2 years...
Well done Mrprt...that's a significant wedge. Keep in touch.
I posted the full list of deals at 17.46 yesterday and it didn't impact the TSX so let's hope for a better reaction today...
(Although it may have been an undercurrent to yesterday's steady rise...)
The second of several positive RNSs to come...non dilutive funding next...?
Or a TR1 ?
Wish...your hard earned cash doesnt disappear unless you sell before monetization is achieved...
2.9m at 9.5 average and patiently waiting...good luck.
Hfm...SOLG IS NOT AN AIM STOCK!!!!
$4,845m of deals
La Plata Project- 250m capex
Cangrejos Project - 925m capex
Loma Larga Project - 350m capex
Curipamba Project - 300m capex
Cascabel Project - 2,700m (per Aprill 2022 PFS) Exploration commitment //
Barrick - 100m Exploration commitment //
Hanco'ck - 120m Exploration commitment //
Adventus - 100m
Total = $4,845m
From HH
SOLG delegation met with the Canadian Council for the Americas & Barrick Gold executives , + Export Development Canada to start cooperation in structuring APP projects (Public Private Associations) etc
http://Primicias.ec: https://primicias.ec/noticias/econo
From PDAC presentation
"Mining and exploration portfolio spans 16 provinces, covering more than 3,586 Km2 in 89 concessions"
Meanwhile, have we had these results yet...?
"Announced encouraging mineralized intersections within the Porvenir Project at the Cacharposa porphyry copper-gold
target. The results of additional drilling since the previous 26 October 2021 data cut-off should support the conversion
of a large portion of the deposit into the measured and indicated categories, as well as significantly increasing the
resource tonnage in both the measured and indicated categories, and the inferred category"
March 22
"Bristow added that Barrick has put a particularly strong focus on exploration in Latin America, ..."
I remember not very long ago he said "we know about Solgold..."
Also he has been quoted as saying they have moved their focus from solely gold to copper gold prospects.
I dont believe Barrick can be completely excluded from consideration especially as there is now only 9 years of gold left in active mines...
With the Gold price setting new highs I believe we are on the verge of a scramble for gold and especially Junior Gold Mining companies.
Scot and Willem Middelkoop have positioned us as such...
Watch GDXJ...
Slide 9
"AMONGST THE LARGEST GOLD DEPOSITS WORLDWIDE WORLD-CLASS COPPER-GOLD PROJECT
Cascabel has one of the largest gold resources amongst primary gold mines and assets worldwide,
the second largest not controlled by a major"
Slide 10
"MEANINGFUL VALUE PROPOSITION RELATIVE TO PEERS WORLD-CLASS COPPER-GOLD PROJECT
SolGold is undervalued relative to its copper developer peers on both a P/NAV and an EV/M&I
Resource basis"
Slide 19
"HYDRO-SOLAR POWER INITIATIVE FOR CASCABEL: MOU SIGNED"
Slide 27 states
"Negotiations for investment protection agreement well- advanced"
Updated presentation by Scott today...
https://wp-solgold-2023.s3.ca-central-1.amazonaws.com/media/2024/03/March-2024-SolGold-Presentation.pdf