Member Info for risehall1

The English invented football, hence football returning home. However, the Scottish and Italians also claim to have invented it. Who knows? Who cares? Its just a bunch of millionaires kicking a ball around. Wouldn’t take it too seriously.

Its 9.30 mins in on the presentation

A high copper porphyry target near Cascabel in the North.... is this a new discovery near Cascabel, she didn’t name it?

At 9.30 in, these are the projects you should be looking out for.... a new porphyry belt at La Hueca, Timbara and Porvenir, and

Well i suppose they could substitute cream cakes with treacle tart. Though i think Paddington Bear came from Peru which is somewhere near Ecuador. As Paddington was partial to marmalade I think it perfectly reasonable to assume that Ecuadorians may in fact substitute the cream in their cream cakes with marmalade.

Apparently the bakery at Santa Cecilia is very good. It seems the Ecuadorians adore battenberg cake and have been trying cornish pasties, jam doughnuts and sausage rolls for the first time... ; - ). I just hope they are using real cream in their cream cakes. The artificial stuff that Greggs use is the work of the devil himself and utterly disgusting.

Worth reading the article in full from Mining.com about Rio Tinto. A year after being set up the acquisitions department has not yet made an acquisition.... pressure is growing to make a copper acquisition. There aren’t many big copper projects to buy though....

link is here https://www.voxmarkets.co.uk/blogs/highlands-natural-resources-hnr-w-resources-block-energy-bloe-john-meyer-russ-mould/ watch from 38.30 mins in

No didnt have to log in, about 38.30 mins into presentation broker S P Angel mentioned solgold. Was quite short but said now very big project at Alpala and struggling to keep up with the sheer volume of core. He briefly mentioned a hole with 292m as being very good, that’s Trivinio. Sounded quite positive to me.

There is a presentation on vox markets website with sp angel today saying results are good and things going very well but Solgold are struggling to process the huge volume of drill core and are suffering from drill core constipation. See c e o . C a solg for details. I surmised that anyway from the volume of core outstanding and the fact that they are planning to open another assay lab, but the guy from s p angel sounded very upbeat. Perhaps that partly explains the delay with the updated mre/pea.

Timok is already taken/tied up in a JV between Nevsun and Freeport though isn’t it?

Lets not rule out Aguinaga until all the scheduled drilling is completed and all the assays are in. It certainly is mineralised, whether there is any higher grade material and how much of it is another matter. Porphyry systems tend to be very large and much of the material of a low grade. It may take several drill holes to confirm if there is any high grade material and many more to define the resource.

Yes, ive noticed all those buys. Not only are these robots buying shares, they also use copper. Thats a win win as far as I can see. Unless they are daleks or cybermen who are planning to buy out Solgold and use the mine as part of their masterplan.

I have an account with HL and have found them to be very good.

With regards to Cornerstone I meant they only have a free carry up to feasibility, but beyond that they have to contribute. At feasibility stage they have to pay back part of the costs incurred to date, granted they have the option to offset the debt from the proceeds of their share of the future profits from the mine but it still has to be paid, and they can only set those debts against future returns if they maintain their share. They have to pay 10% of the development costs of the mine and if they dont pay their interest is diluted and can be bought out.

We don’t always know what goes on behind the scenes. The management team own a large chunk of Solgold and would not want to dilute unless necessary. The last fundraising seemed odd given that it was at a much bigger discount to the previous fundraising not long before. It may have had something to do with the battle to control the remaining 15% of Cascabel and the involvement of Irwin and others. The spin off company has been structured in such a way that there are different classes of shares enabling the directors to issue more shares to block a takeover. By obtaining funding to feasibility Solgold has put Cornerstone under pressure because at the Feasibility stage Cornerstone has to cough up a load of cash to repay Solgold for part of their costs to date or they risk losing their share in Cascabel.

In that last presentation though it said updated resource later this year, yet at Christmas we were told quarterly updated MRE estimates and a month or so ago it was said to be due within the next 2 months. I was a bit disappointed when she said later this year given the amount of additional core drilled. So when will the MRE be published?

We did not get hedge funds etc on board, we got large institutional invedtors like JP Morgan and Blackrock and they have not sold their shares. In fact the institutional holders are buying and increasing their holders. It is the small private investors who are selling out.

hehehehehehehehehehehehehehe Australian car industry pffft stick to mining https://www.youtube.com/watch?v=m01YMN3FgcM

Yeah, but the high grade core pays for the mine. Even the low grade stuff may be economic if prices treble over the next ten years. Your tonne of ore at 0.5% becomes worth the equivalent of a tonne at 1.5%.