Member Info for schlemiel

3 v 2 (659 v 11.6k)

337k v 360k - depth

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It's pretty flaccid at present but things can change in a flash

thanks to: on t'other board
Noccer
20 Sep '18 - 09:38 - 13045 of 13045 :

'Nice of NM (at Diggers and Dealers) to give us a heads up on the predicted resource estimate growth for Alpala since the initial MRE. He estimates from 12 million ounces of gold to 25 million, and from 5 million tons of copper to 10 million. But that's just Alpala, plenty more in the other tenements.'

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at 32p with 5MMs - L2 updates become almost pointless so like Q I will try and update at intermittent intervals

at 31p!!

4 v 1 (81k v 20K)

depth = 295k v 161k

L2 looks better than it as done for many a month

She's just popped

about to break

NM's continuing emphasis on how SOLG's value is being perceived by other miners is very telling. He's almost suggesting to predators that if you want to buy SOLG then they've gotta pay the full price. Of course BHP know full well that Mather is no push-over and that Mather knows just how much SOLG is worth to someone like BHP or indeed another major player. He's almost offering the company up for sale every time he steps onto the stage

Happy Birthday KW

I think we could break 30p today

We all want the same thing and that same thing is to profit from our shareholding in SOLG.

good luck fella

Debt finance will destroy the equity stake of SOLG shareholders. If you cannot see that then that's your loss.

Prove up Cascabel and sell to a major. then move onto another SOLG tenement and explore some more. That's the way forward. Not messing around with debt financed mining..it's a minefield

Wrong. Debt is dilutive. It's dilutive in the sense that it dilutes the equity component of a business. It transfers commercial leverage over to the creditor(s) of that business and leaves the management of that business in an inferior bargaining position. I don't believe Mather wants to submit control to a large creditor because believe me a large creditor will want Mather's soul in return for a large credit line to finance a £3bn investment in a mine in Ecuador and all the risk that this entails. This is is still Ecuador, not a Western nation. The cost of that debt will reflect the elevated risk of this operation

debt is dilution in all but name. Debt replaces equity and equity is your claim to the company as a shareholder

'potential' being the operative word. SOLG's drill's unearthed so much to date and BHP know this to be true but I believe BHP want SOLG for the long term potential as well as the known current resource. For projects like this size is more important than grade

Taking Cascabel to production is pie in the sky nonsense. It would literally dilute every shareholder into the dirt, including Mather. And production is no guaranteed path to profits and dividends

I'm here for the offer, simple

SolGold
‏ @SolGold_plc
5h5 hours ago

In case you missed it: "BHP to buy 6.1% stake in #copper #mining company SolGold" http://bit.ly/2oTVgi

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Why retweet the BHP news? Very odd, very teasing

https://www.snl.com/Cache/snlpdf_5447a54a-03e1-4167-81c1-90e40953f412.pdf

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Cordova back in 2016 did say that BHP will be back to bid for Cascabel at some point

Q - i'm not Jewish fella!

SS7 - Thanks for that fella. Appreciated

We're off. A massive trade +330k at a premium just gone through