Member Info for schlemiel

Would you classify BHP and Newcrest as 'true investors in Solgold'?

Mate, just because you're a shareholder doesn't mean you should blindly accept the actions and statements of the board. Surely, the best approach is to always challenge and always question their actions and their statement otherwise you run the risk of being exposed to a SXX scenario. And before anyone jumps down my throat I am not comparing SOLG to SXX but what I am doing is encouraging a more critical approach to investing rather than a passive approach

https://www.europarl.europa.eu/RegData/etudes/BRIE/2020/659426/EPRS_BRI(2020)659426_EN.pdf

'To start the process, the Commission will first discuss priorities with the Member States and industry, including in the above-mentioned countries. This will be followed by launching pilot partnership projects in 2021, perhaps with Canada, some interested African countries or countries from the EUneighbourhood. The partnerships will cover CRMs extraction, processing and refining. To assist some of the above-mentioned countries to sustainably develop their mineral resources and thereby improve their broader economic and social development, the EU will support the dissemination of practices linked to better local governance and responsible mining.7 The aim is also to tackle environmental and social problems, such as pollution and child labour, often associated with the mining activities in certain countries. The EU will use its external financial instruments, such as development cooperation, neighbourhood funding and the Partnership Instrument Policy Support Facility to leverage private investment, also allowing EU companies to participate on fair terms in projects taking place abroad. The Commission is also considering making a possible horizontal regulatory proposal on due diligence soon'

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If JAY play their cards right they can secure offtakes, EU funding and an almost monopoly supply on ilmenite into the EU. The cost to monetising their Dundas discovery will be minimal compared to the rewards when Dundas is producing

With JAY joining ERMA whose primary purpose is to secure European (EU) access to critical raw materials (ilmenite ala titanium) I don't see how an offtake with a Chinese company would facilitate that. Surely, the purpose of joining ERMA is to secure supplies into Europe (EU) rather than supply ilmenite (titanium) to China or indeed any other nation outside of the EU. Can we therefore assume that any agreement to supply will be European and indeed European focused?

JAY already have a commercial and professional relationship with Rio. That tells me Rio trust RM and JAY hugely. The Rio-JAY relationship should not be overlooked nor underestimated. It also shows other large miners that JAY is a professional outfit and with the backing of both the Greenland and Danish governments I'm struggling to see the downside except more funding

It's all good stuff from where I'm standing

Mather needs to declare what he intends. No more bull**** about taking Alpala to production. He needs to publicly declare that Solgold is exclusively an explorer of commercial minerals. That he has no intentions of taking any discovery to production and if he does intend to take any discovery to production then he will seek farm-ins and JVs to achieve it. This going it alone bollux has damaged the value of SOLG simply because it SCREAMS dilution and the market simply pulls back from the stock.

Heddle showed the way at Greatland and their shareholders have benefited massively. Mather needs to act more like Heddle and less like a leader with imperialistic ambitions of global domination

Vásquez: The company that builds it will have to define the most strategic site. There are companies that build them near mines and others near ports and airports. The company that is going to invest will have to decide that.

BNamericas: What is the estimated cost?

Vásquez: US$15mn, because a gold refinery doesn't require large facilities.

BNamericas: Under what model would the construction contract be awarded?

Vásquez: The interested company must request a sale license and a permit to install the refining plant with the presentation of the respective studies.

rest is paid for

https://www.bnamericas.com/en/interviews/ecuadoran-mining-cadastre-is-a-good-opportunity-for-investors

Ecuador's deputy minister of mines, César Vásquez, talks to BNamericas about the cadastre, the companies that have pending operations and the project to build a gold refinery in the country.

BNamericas: Will the mining cadastre be opened next year?

Vásquez: The cadastre will be opened before the end of the government term. We think it could be launched at the end of April.

BNamericas: Will the launch of the cadastre address pending processes?

Vasquez: That's right. The cadastre will first allow the processes that are pending to be dealt with. It will be done in order of priority. We have more than 500 pending processes.

Once the pending processes have been addressed and the awards made to those who meet all the requirements, applications for new concessions will be accepted.

Of the total pending processes, there are 63 areas requested through the auction process. The rest are small mining and construction materials companies.

BNamericas: Which companies are in interested in those 63 areas?

Vásquez: BHP, Grupo México, Newcrest, Fortescue and other companies, which may have requested one, two or three areas.

BNamericas: With the change of government on the horizon, do you think it's a good time to open the mining cadastre? Will there be interest from companies in new concessions?

Vasquez: Of course. There are investors who are looking for countries where they can make their investments and the opening of the cadastre is a good opportunity for that.

The growing need for minerals, especially copper, leads companies to look for interesting deposits to invest in various countries, and Ecuador has great geological potential to find good mineral deposits, in addition to the infrastructure and the ease of reaching potential mines and extracting the ore.

BNamericas: You have talked about building a gold refinery. Are there companies interested in that project?

Vásquez: The South African company SA Precious Metals is interested in establishing a gold refinery. We're waiting for the environment ministry to issue an environmental catalogue in which it will outline the environmental permit requirements. Once that document is ready, we will begin the process with this gold refining company and the administrative processes will be facilitated.

Not only does Lundin Gold mine gold, there’s a lot of gold from small-scale mining, which is exported mainly to the US and China.

We also have a series of projects that are very close to production, with good amounts of gold reserves, including Loma Larga. Mirador also has a significant amount of gold associated with it.

Ecuador's strategic position in South America is also an important point to consider for building this refinery.

BNamericas: Where would it be built?

Vásquez: The company that builds it will have to define the most strategic site. There are companies that build them near mines and others near ports and airports. The company that is going to invest will

Bnamericas Published: Thursday, December 17, 2020

Mining in Ecuador continues to advance and mineral products are the country's fourth biggest export, despite the fact that only two companies are carrying out large-scale operations.

The official plan to create a mining cadastre to attract more investment to the sector could not be completed in 2020, partly due to the lack of resources because of the effects of the COVID-19 pandemic, but energy and mines minister René Ortíz recently said that resources from the Inter-American Development Bank (IDB) had been secured, so this work is expected will accelerate, with the cadastre ready before the end of President Lenín Moreno's term in 2021.

The IDB funds will be used finance the software to update the information necessary to open the cadastre, in a country that is virtually unexplored, but which, according to experts, has enormous possibilities of becoming a mining hub.

cont........

What's annoying is that the value on offer here is immense and yes Mather must take great pride in what he has achieved to date but at the end of the day it is the small shareholder that can end up taking a hit in their wallet if the board fail to maximise that embedded value. Diluting the a-r-se out of the company to achieve a personal dream is simply unacceptable

yes, great, down 5%. feck me sideways

this stock is enuff to send you bonkers

Some odd trading going on and on that I agree. I wonder if the seller's now departed? The price appears to have slightly strengthened so maybe

https://www.thearmchairtrader.com/solgold-solg-share-price-rallies-ahead-of-agm-which-could-end-up-with-a-shake-up/

Mate, SEE need to focus on their core activities not branch out into new areas. You can spread yourself too wide and increases in activity require further spending

Mather can stick production where the sun don't shine. He's had my vote and I want to see some monetary payback not a massive dose of dilution. I had a dose before and it ain't pleasant

Payback time Mr Mather. No more dilution, plenty of monetisation

I wonder if Origin has an idea that the Kyalla results are gonna be positive which may have also precipitated this govt financing news?

tucson

I think he means in mathematical terms not in terms of sentiment

Well, the market likes this news. Now the results from this uplift thingy

All ginger people are miserable. My Red Settee always look well fecked off

Does Mather staying equal more dilution?