Member Info for Strider4

FR, I'm not going to get drawn into yet another long, pointless argument with you so I'll just say this and then hopefully we can leave it there.

Correct - I am not dumb. Neither are you. But you are arrogant and can't admit when you are wrong (e.g. "cut-off", Aguinaga).

I am bullish on SOLG. I make no apology for it. My posts reflect that. Point out where I am wrong and I will consider it.

Was Aguinaga hailed as a "significant porphyry system"? Or was it just that there was the potential for it? It really matters not. From what they have said, the SOLG board think that there is something there, just not the second blockbuster that they were hoping for (whoever has final control of the concession will no doubt define it in the years to come). In the meantime they have Tier 1 Alpala. They have what is POTENTIALLY, the next Alpala - PV 15, based on extrapolation from surface expression. And they have La Hueca, BN +++. That'll do me.

FR, I just listened to the webinar again today, so it's hot off the press. There was a question about Aguinaga. Nick was honest in saying that Alpala has the best geological signature in that concession, so that's where the focus was. They have limited resources, so target the cherries first. Clearly, they don't think Aguinaga is going to be a patch on Alpala - goes without saying really...but he did say never say never. However, that's quite different from saying that Aggy might turn out to be a very tidy, economic deposit that can be defined and exploited, at leisure, at a later date. It is by no means a "dead duck".

Pray where is the exaggeration there? I think it was Zoros who took exception to my "Investment Case", which apparently deviated from the facts. But when pressed he/she couldn't find a single point where I had actually stated something as a fact where it isn't (use of the words possibly and potentially was somehow overlooked).

Anyway, let's not have a long, protracted about this.

Yes, for me BN seemed to be the No.1 option - the "going for gold" low CAPEX, give Alpala a piggy-back option...

The fact that PV has come in so promising at this stage is a big bonus in my book. La Hueca and BN...they've 43 geos - there must have been a squad of them at each site for the last 6 months. News could/should be coming thick and fast.

Come to think of it, if you had a bumper crop of results, how would you present them to the market? All in one bumper RNS, so that some of them might pale in comparison to others or get over-looked? Or, do it piecemeal so that each news item is given proper attention and due credit, and then build to a crescendo.

Yes, I thought it odd at the time that NM's top two were Hueca and PV (the surprise being PV). Now of course it makes sense. But it's unlikely they've been sat on that kind of result for nigh on 2 months...but I reckon they've got a good few geos out on La Hueca so hopefully something super juicy to come out of that soon.

FR, None taken. I'll translate that as "FR doesn't like to be wrong!" but that's old news.

This is from the recent webinar:

"and offer us a fantastic price to buy the whole company. I'm not going to speculate as to what that is.
We're just going to carry on doing the job we're doing...Not keen to sell it at silly low prices".

When NM says he's not going to speculate what the price is, he means that he is not going to discuss it publicly. The wording suggests that NM knows full well what are "fantastic" and a "silly" prices for the company. How are you going to be able to tell if the price is "fantastic" if you have no idea what the company is worth?!

He has 90 million shares in this baby and he will be taking a most keen interest in the eventual takeout price.

Hope that clarifies things for you.

ref March 2013 RNS:

"Further Mineralised Channel Samples from Alpala Demonstrate Continuity of Extensive High Grade Porphyry Cu-Au Mineralisation.
56.93m at 1.16g/t Gold and 0.30% Copper in outcropping porphyry system "

"Drill testing and ground magnetics planned at Porvenir Target 15 in Q1 2019."

Drilling permits to come soon then?...stated timeline would suggest this is the case.

Interesting too that NM is already, at this early stage, talking about PV15 being a cornerstone of the company, along with Alpala.

There's no ffwd optionality on the webinar so can't be bothered listening to the whole lot again.

Right you are Quady. NM does not have a price in mind - he has not given it any thought and has no idea what sort of an offer might tickle his fancy.

Quady, not sure what you're on about.

You said "NM does not have a price in mind." You then followed it up with what equates to NM has a price in mind. Yes, I agree, NM does have a price at which he would be willing to sell the company. I believe it starts with at least a 1 and possibly even a 2.

Quady, "His repeated quote is, that if an offer too good to turn down came along, then he would take it."

How is that not a price in mind?

NM has stated several times that he has a price in mind. If BHP can offer that price tomorrow then NM will sell.

Additionally, I think they mentioned that most companies would be delighted to have a target like Aguinaga...SOLG are just spoilt for choice.

FR - Aguinaga is not a dead duck. Yes, they did mention it in the Q&A with words to the following effect: they only did a couple of drills into it. The cores were reasonable but as they didn't hit the jackpot straightaway they refocussed on Alpala. They stated that it is a potential future target but they've more targets than you can throw a stick at, so join the queue. Aguinaga is located right where the entrance to the mine is mooted, so it could be quite a handy satellite deposit potentially (my opinion).

BHP can make a bid anytime, just not a hostile one.

All this does is report the resource in the standard format for the Canadian market. It is needed because many NAs won't recognise anything but that as cosha (i.e. they don't use JORC).

Nothing more, nothing less. There will be no selling tomorrow based on it. I doubt there will be much buying either - then again maybe there will be some NA interest...The real share price movers are as previously discussed.

Qalibashi - the data are identical to that reported on 20th Nov, including the cut-off grades.

Tick box, nothing more. The numbers are the same as previously announced.

at this level since mid-Nov...looking strong for a break above the 38.9p level this time. Incidentally, I have this level as a more significant resistance level than 40p, which is a relic from over a year ago.

The upcoming PEA is certainly a catalyst, but we've known it's coming for a while.

I think this move is a result of the brokers finally waking up to the significance of Newcrest's 2% buy in mid-December. And of course yesterday's news adds a bit of additional spice.