Member Info for schlemiel

smickster - spot on. That expertise, knowledge and access to geological and geographical data would be invaluable to BHP and no doubt would attract a monetary value in itself - good thinking fella

I think BHP, who are desperate to secure copper reserves for future supply, will hit SOLG with a decent bid and then offer Mather a seat on the board of BHP :)

'In a new study, S&P Global Market Intelligence found that while the US$26.6 billion allocated to copper exploration over the past decade is more than double the US$12.4 billion spent over the preceding 18 years, this higher spending has so far failed to bring corresponding discoveries, compared with the previous period, with S&P finding that only 140 million tonnes of copper were defined in 29 discoveries over the last decade, versus 862.8 million tonnes in 191 discoveries in the preceding 18 years.'

August 16, 2018

http://www.northernminer.com/commodities-markets/editorial-gold-copper-declines-start-to-bite/1003798574/

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The major discoveries are just so rare these days and Mather knows it.

Without doubt, one of the most impressive across all the BB's

I sold many months ago, unfortunately.

Well done all and for those affected by cancer, always remain positive. I lost a brother through cancer and he was only 34 years old. It's a brutal disease but you must, however difficult, remain positive and live in the moment.

GL

Solgold holds 73 concessions in Ecuador. AA and Luminex just inked a deal relating to just 3 concessions with the details below. I am sure one concession is different to another but surely if Solgold's bagged the best stuff four years ago one would assume the exploration value attached to these 73 concessions is of a similar quality to the ones held by Luminex. The leverage to attract investment from more majors is surely enhanced considering what we have in terms of our exploration footprint. --

'Diversified miner Anglo American has signed a formal earn-in and joint venture (JV) agreement with Vancouver-based Luminex Resources, relating to Pegasus A, Pegasus B and Luz concessions in Ecuador.

The agreement gives Anglo the right to earn a 60% ownership interest in a JV company indirectly holding the properties if it invests $50-million and makes $7.3-million of cash payments over a seven-year period.'

'Whenever the outside world is uncertain of BHP's intent, all it need do is return to the mission statement. Its ambition is to own and operate large, long-life, tier one resources projects in hospitable, predictable sovereignties. The way I see it, the key words there are own and operate. And 6.1 per cent is a long way from that. If SolGold is what it wants to be, then BHP wants to be its owner.'

https://www.afr.com/business/bhp-ups-the-ante-in-ecuador-20180905-h14zd1

gv - thanks for the clip

'most prized piece of real estate with most potential is Ecuador' - 'very significant discoveries'...

the majors 'they want new deposits' and they are 'desperate'

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keep hold of your shares cos that offer(s) will come in the next few months

Fingers crossed he does the right thing for himself and by extension, us.

Mirabeau

Yes, if BHP buy SOLG outright they will have access to a plethora of both development and exploration riches though I doubt if Mather would agree to such a plan. I still believe NM enjoys the exploration side of it all - the excitement of discovery, as it were

BHP for example. Would BHP desire SOLG the company or simply the Cascabel licence? If Mather believes our other licences also offer significant prospectivity then it would seem the best route forward is to sell Cascabel (return the proceeds as a dividend to the shareholder and retain a percentage for further exploration, drilling etc) then move onto the next tenement and repeat the process - 'SOLG is Ecuador's largest licence holder SolGold is now the largest concession holder in the country and is also actively exploring on its 72 100%-owned concessions, with the encouraging initial exploration programme nearly complete'

'The company has identified 10 priority projects, namely Blanca Nieves, Rio Armarillo, Cisne Loja, Porvenir, Timbara, Chillanes, Salinas, Sharug, La Hueca and Cisne Victoria, among these fully-owned concessions.'

The value to he had is in the exploring, discovering, proving up and then selling onto a producer -

Great. Tesla's almost bankrupt.

You make it sound so easy. It's really quite simple. If Mather takes SOLG to production the share price will get absolutely HAMMERED and every shareholder will be diluted into the floor

Production is not a conduit to unlimited riches

https://globenewswire.com/news-release/2018/09/24/1574923/0/en/Luminex-Resources-Announces-the-Signing-of-a-Binding-Earn-in-Agreement-with-Anglo-American.html

Dream - What's a 'retake'? thanks

AKG - thanks for that

L2 depth is skewed to the sell side at

260k v 370k

1 v 2 (3k v 13k) - rounded up

it's all pretty quiet with MM's pretty inactive -

it can change in a flash though

One investor says his spread-better has suspended transactions on SOLG - why would they do that? Uncertainty?

RSI overbought territory can exist for extended periods. Look at the FEVR, PRSM and GAW. Even ASC. In SOLG's case it's far better to focus on its fundamentals now the stock's 'in play'. TA goes out of the window in special circumstances though of course it's irrelevant if you're a trader

Come on NM, let's have that RNS cos we're all on tenterhooks here dude

I'm simply trying to manage my own expectations rather than the boards. This way I can regulate the emotional volatility invoked by aggressive price movements

I have resigned myself to sell my SOLG shares when Mather does. That way I know I've received full value

This investing lark can be an emotional barrage

40p's on today - may see some profit-taking after a pretty stratospheric rise