Member Info for RICH3R

New tax year tomorrow and looking forward to a new chance for a good bid or JV incomng for one of our gems.

Seen Bozi/Quady posting his/her piece today - easy to do so when their buyins were 5p or less. (by their own admissions) fair enough .... but apparently sitting back and expecting other investors to put their hard earned in at current prices or more?

If Bozi/Quady you are indeed expecting others to boost your holdings by buying, then please be open about it ????

LOL.

atb

Dan me too, but once in a while i make the mistake of reading before logging in - my bad !

Bozi i will be interested to see how your attitude changes to long term investing when you are in your 70s or beyond. I shall be posting for many years yet, so shall bear witness. How old are you btw to the nearest decade? But you'll probably have ceased holding or posting long before the age of many holders here whom you accuse of being impatient lol. Please correct me if i'm completely wrong ?

Novice maybe try senior-nappies mate ? ;D

Things finally feeling bullish imo and much to come !

I wouldn't be at all surprised to see a decent run this afternoon and a blue finish into the BH weekend ......

It's a shame about coronavirus restrictions or else i'm sure Nick would have invited us all round for his leaving do LOL (even though he's not leaving) and supplied champagne and caviar for his loyal supporters ;D .... maybe in the summer ?

2p / 5p - i had to check the date there cause i didn't think we were April 1st yet lol !

Don't get me wrong, it would be a great price, but please let's be serious !?

LunchMoney may it be suggestive of some singular circumstance or condition surrounding Rio which doesn't apply to the other Regionals and hangs on something being granted from the 'new' government ? Is there small-print in previous Rio RNS i wonder? Who knows but not long to find out.

MrCosts I'm not knocking you for asking such pertinent questions of RM but will be astonished if you gleen anything. But surely you can see the difference between a published article which is available for all to see, and a reply to a personal email ? Chalk and cheese imo. But best of luck to you - that's a serious holding you have there !

morning MrCosts what have you enquired of RM may i ask ? I'm perplexed as to what you honestly think he'll be able to legally disclose to you.

SP currently testing the rising support from December - hoping it holds. I would guess that buying pressure might resume once the new tax year arrives in April ?

On reflection, perhaps my SOLG example was a poor one to mention in the context of BOD as i think i'm right in saying that the physical scales of size and depth of the assets in the ground are much greater at Cascabel, and hence assets could likely be proven up and operations proceed to mining and production far quicker at the Thorny River Kimberlite Pipe ? But it would still take significant time and isn't a quick or cheap process. On that note have BOD made any indication of whether they would intend to go with an open cast mine (cheaper) or block cave mine ?

I can give SolGold (SOLG) as an example of timeframes - with reference to their Cascabel Project, with huge Copper, Gold & Silver assets. (i've been invested there since 2013 and it's been a huge SP rollercoaster i can tell you - as Tiger knows). They started exploring Cascabel in earnest some 9 years ago and now hope to have a PFS in place later this year. It could likely take another 3 to 5 more years until a block caving mine has been built and the first precious metals are produced - earning money for the first time. So that's around 12 to 14 years in development before production and income from sales.

This just gives a flavour of how long these things can take. i think it's fair to add that Covid and Politics in Ecuador have adversely impacted on timeframes at Cascabel too.

I'm not ramping SOLG btw, just using it as an example, and of course things could well play out entirely differently for BOD. My personal hope would be a buyout of the company once the Thorny River drilling campaign is finalised - hopefully later this year. That would just leave the juicy question of what price for a buyout ??

aimho of course, gla :)

ps i'm holding .....

hmmmm the sp is certainly testing the old nerves again but we all know that it often gets most painful just before it gets most gainful - particularly in the case of SNG. I'm significantly in the red but will hold and see this out, because i remain optimistic that the wait and frustration will be worth it in the end :) gla holding or buying

hi Dan yes indeed ! After a long Covid-winter, the AGM / NM stepping down etc. and poor sp, it really does feel that the sunshine is starting to break through again with this share - things just feel brighter. Get the elections to bed - and BOOM !! you heard it here 1st lol ;D

A solid RNS thank you SOLG :) All positive and Porvenir continues to look very promising imo. Rio likely spudding in May ?

Let's hopefully get the government elections done and dusted with a positive outcome (for SOLG) by mid-April, then i can see a rally in the SP from there - and talk of a bid in the summer can only help push the price up ? gla

Morning, i think the current drag on the SP is simply timeframes. While the asset potential now looks mouthwatering, the market seems happy that it can sit back uninvested without missing the boat ? As Echo notes, the route to production would be a long one and not without significant risk.

But in the near term, let's hope that the dry season comes early this year and the drilling can be spud asap. Does anyone have a view on how long the drilling will take including core-analysis?

Maybe we will end up with a new CEO and Keith Marshall as COO - Chief Operating Officer ?

It would seem to be the ideal solution as long as a CEO can be found who'd be happy with such an arrangement ?

What do folk think ?

yes you well could be correct - i'd overlooked the 'offsetting losses' aspect of CGT. There will many in that boat !

shippy BNC always maintains there is no vehicle to short SOLG. I've never looked into it and never short myself

Here we are testing support again - groan ! There surely can't be many people offloading now for end of tax year CGT purposes because there was only a small window last year to have bought lower and still be selling at profit today ? All very tiresome but mid April onwards should hopefully start to see a good recovery. What's going to happen between then and now? I shall have to top up again if this continues to fall. I'm keeping the faith through very testing times but certainly not enjoying it ......