Member Info for RedRoger

"Mining, and particularly developing a new mine is a complicated business"

Quady thinks you can just look on rated tradesmen and pick up a few hundred mine building experts sat scratching their bums looking for something to do!

It is incredibly complicated, and something well beyond the "talent" that Solgold has or can hire.

Well as I posted the other day, there's now an eight week weight for gold from the BoE (they hold bullion for the world's biggest gold market, London) as central banks and commercials try to get their hands on physical. Could be great for gold short term.

Our markets may drop slightly on sentiment but the tariffs don't really affect us at all. In fact as a nation with a massive trade deficit, we should do likewise and encourage more things to be made/grown here. Of course to do that, we'd need cheap, reliable power like coal, gas and oil. Just another reason this country is basically bankrupt now.

Buy gold (I hold 44oz physical at much lower prices but may add), gold ETFs, producers or even speculate on explorers is my strategy. That, and get the heck out of this multicultural, woke s*** hole!

" have publicly announced they are not buying Discovery's." (discoveries you dimwit)

That's a bit like playing poker and blurting out "I've got three Aces"

Add its not about price sensitivity, it's just a regulation. The close (no d in proper English though laziness allows it as convention now) period is the time between the financials being completed and released to the market. It's just a silly rule basically, as MAR already cover anything regarding inside information or knowledge of a price sensitive nature

I don't recall anything exciting/sensitive ever being in these reports, rather I'm left agog at just how much we spend on literally nothing!

"The directors are in a closed period for reasons unknown. Some sort of fund raise?"

The reason for a close period is the same as it always is, normally 30 days before releasing financial reports to the market, in this case the half-yearly financials which came Mid Feb last year.

It's one of those phrases people throw around to try and insinuate there must be "something going on" when it is simpl a regulatory requirement for MAR.

We'd be about home and hosed but for the Cazzubo disaster, who I still remain convinced was a BHP stooge

I think it's general political turbulence and a hefty dose of short termism. Nobody wants to plan for the future any more, everything is a knee-jerk reaction.

Political stability is even rarer in basket case nations like Ecuador, so I think these things combine to make a 30 year project there an unattractive proposition.

But eventually all the smaller producers will be bought up and then there will be no choice but to start planning ahead.

That is good news, one by one countries around the world ditching the lefty woke nonsense and going back to common sense

Pity we'll be last

25% on Canada and Mexico, 10% on the chinks and EU, from tomorrow

Buckle up, gold will move.

He's miles out. You will see $3000 in weeks

Gaz, mining moves in cycles and super cycles. Had they said "nothing to see here for 5 years" who would have remained invested?

Ignore the clowns who are here to wind you up (stack twat, beast etc) and look instead at the endorsement of the recent Gold streaming deal.

the initial PFS has about $27bn of gold which after recovery costs of let's argue half ($1400 an ounce) leaves $13bn of profit for the gold alone.

We got $750m for 20% of that initial gold which tapers down to an effective 15%. That trebles their investment and they were happy to do it.

The copper is worth even more and is a by-product of the same mining process. £200m market cap is completely absurd for this company, it is not only an order of magnitude out but then double it again.

Have no mistake, the vultures will be circling when the starting gun finally fires over control of this asset.

There never was and still isn't a Strategic Review. I told you this the day the rubbish came out

It's a smokescreen to do nothing and play the game of chess that has gone on for years. Nothing has changed, the asset will change hands when a major finally realises they need to secure it strategically, at which point they will pay through the nose for it.

Think about it logically, what is there to review strategically that you couldn't do over a one hour lunch?

1. Sell it

2. Develop it

3. JV it

Anybody who thinks there is more to it than that (especially 2 years+) doesn't understand the brinksmanship at play here.

Eloro, the major shareholders total 51% or thereabouts, then after that you will have lesser IIs, and funds many of whom will own 1 or even 2% but still be under the threshold.

The biggest blocks are BHP and Newmont on just over 10% each. I would estimate us little guys are over 20% together, so as a block we can hold the power the big two hold.

Ultimately we will all vote how we see fit anyway, but there may be people willing to put their votes with a block to shift power from the big guns when the key decisions come our way.

I don't think he's seeking to nail our balls to the block, at the end of the day your shares are your own and you will vote how you see fit on every matter. A lot of us are aligned on here anyway, is there any harm in collating our details/shares so we know what power we have as a unit?

Eloro, look at the Major shareholders. Mather personally has 83.2m shares and many more through other vehicles (about 300m in total), Scott has 19.5m shares

Why would they not be interested in a high share price?

Speak for yourself Gaz, just one chin (on a chiselled jaw) here

That's long been my opinion too over exploring the regionals. They've put some lipstick on the fat pig after spending a fortune on corrective surgery and boob jobs and they want to get rid of her before risking wheeling out a prettier option to potential suitors.

Thank you TI and others. Did the night end with a visit to an adult entertainment bar and a fight outside the kebab shop?

Whatever happened, it's lifted the SP this morning! L2 a very healthy 2:1 on the bid

I was the one in the BNP T-shirt with the Free Tommy Robinson sandwich board and the KKK hood

"I was wrong - they were in London for other reasons. Likely to find/meet a new chair."

Colour me shocked, are you on the spectrum SM? Glad you found it useful though and thanks to all the PIs that took the trouble to attend and give us updates afterwards.