Member Info for Strider4

Troajan - can't be bothered - brick wall and all.

K3, you don't have to write it up like a legal document. I, unlike you, will make no attempt to squirm out of it.

To make it simpler, put trading aside. I'm happy to take a bet that, if you were to put £1 into SOLG today and £1 into WRES, you would have more money at the close of play end March 2019. If I'm wrong, I'm wrong, and I'll take a dose of the old pie on here, but I know where I want to put the bulk of my money, as the risks here are far greater.

Troajan, yes because K3 is capable of having an intelligent discussion on the subject, unlike you.

K3 - now that is an interesting challenge indeed. It's not quite as simple as that - hear me out:

The bulk of my investment capital is currently in SOLG (my money is where my mouth is so to speak), as I see it as relatively (as far as these things go) low risk. Know that the market caps of the two shares WRES and SOLG are not really comparable, and so they act like different beasts.

SOLG acts more like a mid to large cap, whereas WRES is definitely small cap. The risk-reward equation is therefore incomparable.

Now, possible price targets for SOLG by the end of March depend on a number of uncertainties. I would say that a base case of 45-50p+ is highly achievable on the back of a very solid PEA, some further nice drill cores out of Alpala. However, if there is a whiff of a takeover, all bets are off and you could be looking at £1 plus. Similarly, if the drill permits for their other prospects are granted, then a high level of excitement will be generated which could push the price into the 60-70p terrain.

WRES, it's a hard one to call. Clearly, it's on my watch list as it is a share that has potential (I've never denied it) and it has shown it can trend nicely and profitably in the past. Any entry for me here would be chart-based and I doubt I would risk more than £5k at this juncture.

And as you say, I'm a trader so I could be in and out of WRES and SOLG in that time! It really depends on the news flow and price action along the way, whereas you're going to hold steady thoughout.

So, to come to the crunch. I'm saying a base case of 50% increase for SOLG by the end of March. Now, a 50% increase here would see 0.75p. Tricky - I think it's quite conceivable that we'll see a spike to there at some point between now and then. But I don't think it will hold. So, yes I will take that bet.

Winner has bragging rights and loser can admit defeat no excuses. I'm more than capable of facing the music if proved wrong.

Oldskool, and there's your contrarian view for you to chew on. Try not to choke while you're at it.

Safety, yes you are trotting out the party line there. Like I said, until you see it in the interims, all of the numbers without any attempt to hide, then it ain't there. Given MM's previous botch job, the market may wait to see those numbers before it gives the green light.

As for not needing the placing but doing it anyway cause hey a spare bit of cash always comes in handy...come on!

And let's not lose sight of this, as it may have gotten lost in the tripe:

"Inks - you can bet your bottom dollar that there will be further funding requirements, not only for the non-Parilla projects, but also quite likely for Parilla itself...these mines are not profitable from day 1. They take some time, a long time, to ramp up and that's if everything goes smoothly. It is highly unlikely that La Parilla will be truly profitable until mid 2019, at the very earliest. The proof of the pudding will be in the interims, or quarterlies if they go down that route. Until you see the hard numbers, all of them, RNS'd then it ain't there."

Troajan, it is you who are the fool truly - ignorance is bliss though.

Bobtre, don't try and get clever with me - you aren't up to it.

You stalked over to SOLG, had a go, failed and then you tried a poke here. Again, bring it on pal. What's your point?

Still harping on Troajan like a broken record! God forbid anybody actually selling anywhere near the top (36p actually), having protective stop losses in place etc.

Good answer Troajan - you've convinced me now. Certainly, I don't think MM is greedy at all - quite content as you say.

Inks - you can bet your bottom dollar that there will be further funding requirements, not only for the non-Parilla projects, but also quite likely for Parilla itself...these mines are not profitable from day 1. They take some time, a long time, to ramp up and that's if everything goes smoothly. It is highly unlikely that La Parilla will be truly profitable until mid 2019, at the very earliest. The proof of the pudding will be in the interims, or quarterlies if they go down that route. Until you see the hard numbers, all of them, RNS'd then it ain't there.

Yes Troajan, but why not take the opportunity to add more given that it's such a no brainer and all?

MM out of private funds? His risk level is at maximum? Prospects of a 5-10 bagger any time soon not so good? On time and budget looking a bit tight?

Bobtree - who's running? Not me. Now, what's your point?

And one last point wrt placing: I notice MM didn't participate with his usual £100k. Seems strange given WRES is on the cusp of being a 5-10 bagger?

Bobtree - what's the harm in it? Are there any untruths there?

Ref trying to influence PIs to buy/sell - you will find that EVERY post has an agenda (whatever it may be), and many of them do wish to influence others one way or another. So, I'm not sure what your point is really.

You Troajan's mate by any chance? Uncanny resemblence in your depth of insight.

Ok, no idea what you did or didn't say ref that.

But I'll take that: 5-10 bagger by the end of March it is then. The 3 months end of that spectrum is looking a bit tight now :)

I've just posted the investment case for that share you stalked me to Troajan and Langtro (and anyone else who may be interested). Do take a look to see what a quality prospect looks like.

Your daily reminder of all the good things going here:

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.
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).
6) 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).
7) Strong upcoming newsflow (PEA, drill permits, assays for Alpala, regional news (due pre-YE), 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 2 Majors on board).
8) 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.