Member Info for schlemiel

That's expanding rhetorically not expanding literally

Yes, odd trading today. Great news but dampened effect by an insider offloading. It could be CGP. Who knows.

Ward's up in London tomorrow morn (Imperial College) so he might be expanding on today's news

I wonder if CGP were offloading today to raise cash to keep themselves ticking over?

ice - Do you reckon this is another T1?

COM on ADVFN reckons twice the size of Alpala

How large is this compared to Alpala?

So that's why Ward is 'excited' for tomorrow's presentation in London!

'show the potential scope of mineralisation at Cacharposa now covers a footprint area 1.7km long by 1km wide with a modelled root of over 1km deep'

Benn Whistler, Technical Services Manager of SolGold said of the mineralisation discovered so far at Cacharposa:

"PDH-20-001 was terminated within weak- to moderate-mineralisation at 909.3m depth. The continuation of visible chalcopyrite mineralisation in the outer (propylitic) zones demonstrate the strong character of the system. Revision of 3D geochemical probability models against down-hole data collected in PDH-20-001, show the potential scope of mineralisation at Cacharposa now covers a footprint area 1.7km long by 1km wide with a modelled root of over 1km deep. Rig 1 has now commenced the second hole, PDH-20-002, and we expect this hole to intersect even longer and stronger mineralisation than the first. Rig 2 is planned to arrive late October, with Rigs 3 and 4 expected to be mobilised from Hubbard Perforaciones Cuenca workshops in November, ahead of Rigs 5 and 6."

Nick Mather, CEO of SolGold, commented on Porvenir and the implementation of SolGold's broader regional exploration strategy:

"The mineral zonation and close correlation between chalcopyrite and magnetite is giving us a lot of confidence in the model and our drillhole target strategy at Porvenir. More broadly, across SolGold's 14 exploration Targets in Ecuador, its increasingly obvious that the gross controls to orebody emplacement in the Ecuadorean sector if the Andean Copper Belt replicate. SolGold's blueprint is rapidly refining in its application to our social, environmental, regulatory and operating processes and SolGold's geological understanding. The cost and time savings and efficiencies Solgold will enjoy as we replicate discoveries are immense. It goes to rapid growth and value creation for SolGold shareholders and Ecuador."

https://uk.advfn.com/stock-market/london/solgold-SOLG/share-news/SolGold-PLC-Regional-Exploration-Update-Porvenir/83447514

on the rise. It looks odd to see FOG being bought. Two days in the green

ties in nicely with the end of the BHP purdah

raising capital

Metals and mining company BHP Billiton has reached an agreement to divest its Cerro Colorado copper mine in Chile to private equity firm EMR Capital, in a deal valued at around $ 320m.

Well, if this is what some call a 'tree shake' which may be followed by a + news release then I for one will be happy to be proven wrong. As a holder I only care that the price goes up. The mechanics of the price change becomes incidental

A tree-shake implies MM's looking for stop-losses or inciting fear to pick up cheaper stock to fill buy orders. This tactic is a positive for the price ie the MM's want your stock. What we are seeing here is a sell off with MM' stepping off the bid precisely because they DON'T WANT your stock

Of course MM's are obliged to provide a market irrespective of the share price. That is their function

It's not a tree-shake. All the stocks (100 of them) on my monitor are being hit by selling

No

thanks DBW - mega

'several of which could be developed in close succession or even on a more accelerated basis compared to Alpala.'

'accelerated' as in shallow depth and no need for block-cave