Member Info for Strider4

For those new to the share and a reminder for the rest of us (I just like to see that many positives all on one page!):

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 "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.

7) Strong upcoming newsflow (PEA, drill permits, assays for Alpala, regional news, 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.

Monte. I can buy that apart from your conclusion:

"The point I was making is that once the market moves like it did today the TA goes out the window. Therefore makes it only mildly useful in most instances"

The market is in a very volatile period and has been all year. But this is the exception rather than the rule. During the 1.5 yr calm bull market prior to that, TA was your friend, no doubt about it. Still is, but it's a facing a headwind!

Joebop,you sound like a real t w@ t, if you don't mind me saying so.

Adventurous spirit does not equate to "tough", and clearly when you state it takes a "certain character" you were intimating that as a good thing because you yourself have that character, or so you believe.

Good luck to you too. Now let's hear you say something positive about something, preferrably SOLG.

Ego the size of a planet fella.

Incidentally, the DOW has rebounded sharply - see if it holds tonight. Plus the delay in the Brexit vote which has come through after close here.

I think tomorrow is likely to see a rebound in the FTSE as a result. You would then hope that that knocked on to SOLG, as it has been the sole cause of the drop today. I don't buy any of this algo or shorting business, not for a relatively illiquid share, as JerryS pointed out earlier on.

FR and Bottomzup to name a couple that come to mind instantly!

Monte, with this kind of volatility in the global markets it's hard to use TA on individual shares - they get carried with the tide regardless of the strength, or not, of their individual chart. Everything was looking chirpy from a TA perspective at the close on Friday. I was slightly perturbed at the open today and then of course it has tanked.

Given the strength of the fundamentals here, and that I am not in a huge hurry, I have this as at least a 2 year hold. IF I see a very well sign-posted opportunity to trade a few along the way then I will take it, but only with the view to increasing my total number of shares. Otherwise, it's a hold and if it goes stupidly low an add.

True Joe, I haven't done it. But my Dad has spent his career doing it, so I have viewed it second-hand. He handled it just fine. In fact he has found it extremely rewarding. An adventurous spirit is required, it goes without saying.

So Joe, you don't have a monopoly on the truth of being a geologist here. Your statements are pretty arrogant to say the least "You've obviously never done it and don't know what I'm talking about."). I'm not interested in having any further discussion with you until I see you contribute something worthwhile wrt to SOLG.

Ben Whistler - seems like a real straight-shooter. He came out with what is for me one of the best quotes from all of the videos: "It's great to be surrounded by people who are excited about the project...It's the best job that I've had by a mile".

Well worth a watch those videos.

Joebop - you know what it takes do you, "a certain character", like being a geologist is really tough! Lol. I did geophysics so don't think you're the only one who has a basing in this subject.

Often, if you have an order size that is much larger than the average, especially on a day with low volume, then you will have to pay over the ask, and sometimes quite significantly.

nm

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 "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.
7) Strong upcoming newsflow (PEA, drill permits, assays for Alpala, regional news, resource updates, PFS at end 2019).
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.

Feel free to add more!

Joebop, apart from the obvious exaggeration there ("I'd hire every one of them ahead of a bloke" - it's that sort of nonsense that we're talking about here), so what? So, in your year (a small sample to say the least) and in a specific subject and in a specific environment (university), the women were more competent than the men. That's absolutely fine - and let them be employed based on their grades and how they interview, not their gender. And then, let them be promoted, or not, based on their PERFORMANCE at work, not their gender.

And back to SOLG.

You said it Dreamboat. Positive discrimination is actually harmful because, where it applies to women, if it results in under-qualified women being employed just to fill quotas, it fuels resentment and strengthens any underlying beliefs that women may not be up to the job.

An open and free playing field yes, but leave it at that. There are so many countries in the world where sexism is a REAL problem. Armchair feminists in the UK though, I'm not a fan...

FR, can't be bothered formulating a reply. I'll leave you to your ignorance.

In a nutshell Padmaster.

at 0.3% cuttoff Cueq is...more than 0.52%.

That's good enough for me. If you can't work out how I arrived at that, FR, then you shouldn't be investing in mining stocks.

FR - Ok one last try.

Let me spell it out in the plainest English that I can. The cuttoff does what it says on the tin - it is a threshold below which all copper is excluded (cuttoff).

So, at 0.2% cuttoff, any copper grades less than 0.2% are not included in the resource. At 0.3%, yes you guessed it, any copper grades less than 0.3% are not included in the resource.

The key words are LESS THAN. Let me say that again, LESS THAN. So the cuttoff is the MINIMUM grade that will be included in the resource. There are of course much higher percentages in there than 0.3.

I hope that is clear. If it is not then you are a lost cause FR unfortunately.