Member Info for Strider4

OWT - if the PEA is all it's cracked up to be then it should add some serious value here, and like MRE2 chalked up the Tier 1 status for all to see, the PEA will chalk up, hopefully, upper quartile Tier 1 economics.

Will it be the straw that broke the camels back and trigger a bidding war? Quite possibly...in the ensuing months. Bring on the regional drilling permits asap please.

OWT - "you probably won't be able to buy any on the way up"

Unless there is a bid, whereby people are locked out of a price gap up, that is simply not the case.

Looking set for another assault on 39p in the next few days.

For those new to the share,

1) Alpala - Tier 1 copper-gold porphyry.
2) Exploration upside - 11 other primary targets with 5 priority. All show surface potential to be significant resources. Recently: PV15 surface expression better than Alpala (03/01/19)
3) Cashed up ($104 million in the bank)
4) CEO has plenty of skin in the game (90m shares).
5) 2 Majors on the share register (Newcrest and BHP) and recently active:
a) BHP unveiled new investment strategy - projects that could turn into the next tier 1s...well we have that confirmed already here. BHP's recent (Sept 18) "aggressive" purchase of Guyana's 6% stake, followed up by an "efficient" purchase of a further 5% at a 30% premium to the then market price (Oct 18).
b) Newcrest upped it's stake by 2% to 15% (Dec 18) in an off-market transaction at a 15% premium (40p) to then share price (36p).
6) Strong upcoming newsflow (PEA - possibly this month pre-Feb presentation, drill permits, assays for Alpala, regional news (6 month bumper backlog), resource updates, potential conditional funding packages, PFS at end 2019).
And the biggie - Takeover Offer (this is a very real possibility given the tier 1 Cu resource and two Majors on board).
7) Ecuador making the right moves to become a mining friendly jurisdiction. It needs revenue to replace depleting oil supplies and it doesn't have to look far to see how rewarding good mining policies can be (Chile), if you've got the natural resources.

Ok good stuff. Should be plenty of meat to add to the bone - as you say, quite possibly the PEA.

But also hopefully an update on the extensive, continued drilling at Alpala and of course regional news other than PV 15.

There's a Feb presentation upcoming?

Nah, just had a cuppa. What, thought you'd necked the bottle the way you were going on!

Ah, so you appreciated the pithy comment on upcoming news. It's just there, in the distance, there's a vague outline but we can't make out the details yet.

FR, please...could you be a bit more balanced...

CC, It's not complicated really; I don't take kindly to being insulted. You of all people should understand that (ref your tif with Pdub).

share price-wise.

Tick-tock, tonnes of news on the horizon.

Pigpen - pure genius. Well done sir - everyone has a motivation when posting - basics.

Faramog - absolutely with hindsight. There were risks associated with shorting at both junctures, such that I wouldn't have taken them myself.

Knuttie - infantile as ever. Please do rec him up to make him feel good about himself.

Pdub - the audience here is way too smart to have sold at 50p and perhaps rebought at 35-40p? And made a killing...yep not worth it. Long and strong right. This uptrend will continue...forever (the first one to do so in the history of the stock market).

Knuttie, can I suggest you get in touch with Langtro and The Chaser (if the latter's account hasn't been deleted). I think you'd get on like a house on fire.

I would have suggested Troajan too, but it seems you haven't hit it off already.

Pdub, it's not negative to put some balance into your overly-certain positive outlook.

Nobody can say with certainty which way the share price is going from here. You can only assign a probability. Fortune, along with skilled management, has favoured BMN in the last 4 or 5 months, and may well continue to do so. But to suggest that it is more or less guaranteed is just nonsense.

Pdub,

And there you go. Not sure how you can possibly state that with so much certainty. It is arrogant.

1) "No question"!
2) "pausing before the next significant move up" - 100% certain? 99%?...80%?

As for talk of broker/analyst forecasts, please, they are as often wrong as right. There are countless examples of broker targets that are never achieved.

Pigpen, yes I saw it on the first time of asking. But they do say persistence can be rewarded.

Whether or not I hold here is really none of your business.

Pdub, the fundamental case here is strong - and obviously improved a great deal when BMN increased it's stake in Vametco, followed by a sig. increase in Chinese demand.

The questions are:

1) does the current valuation represent a bargain?
2) is the share price due a breather - natural buying and selling fluctuations. Or has it breathed enough and is now ready to move further upwards?

The answers to both are by no means certain in either direction.

Clearly, Alfa and you have contributed a great deal to the knowledge of the board over the years. The fact that has often been done with a haughty and condescending attitude is what got my back up in the original case, and no doubt a number of others. Knuttie is clearly just rude and ignorant.

Alfa could fart and he would get 10 recommends. Like that means anything on here.

Whoever recommends that kind of language should take a look at themselves.

Newcrest will have been aware of these protests at the back end of last year, but it obviously hasn't deterred them from since upping their stake in SOLG.

Morning Troajan,

Yet another test. Isn't this supposed to be motoring by now?

Yes Zeus - well picked up - I've been in and out of this board long before you signed up to LSE.

There have been arguments with the BMN's BB police (Alfa, Pdub and good old knuttie). I too have enjoyed your posts on the SOLG board, but not sure who you think you are saying I have an attitude problem though.

You think that I need to track share price movements on an hourly basis in order to comment on them? You are joking of course?