Member Info for Strider4

A lot of cash looking for a sturdy home...

Press the drawing pin symbol on the header.

It makes for good reading every time I look at it.

What jumped out at me there is the following:

Alpala's high grade core (and it's growing as I write) is the same tonnage of Cu eq as the entire QB2 resource! AND it's at 1.47% Cu versus 0.41%.

I'm thinking $4 billion is rock bottom for a takeover valuation of Alpala alone, nevermind the rest of Cascabel and more importantly, the other projects...remember the 4 independent subsidiaries - why.

Bit of digging shows for QB2:

Reserves - 1.4Mt (0.48% Cu, 0.018% Mo, 1.3 ppm Silver)
Indicated - 1.6Mt (0.4% Cu, 0.016% Mo, 1.14 ppm Silver)
Inferred - 3.1Mt (0.38% Cu, 0.018% Mo, 1.15 ppm Silver)

Total copper resource of 6.1Mt at 0.41% Cu. I don't think the Mo and silver credits amount to much.

So, it looks a good deal inferior to Alpala at MRE2 stage. And of course the CAPEX is far larger. Bodes well for potential takeover prices...

The share price action in the last few weeks indicates that the pullback is indeed over and that the chance for 10p discount shares has passed.

Of course, this is still a decent, low risk entry point for those with dry powder, putting a stop below the recent low (35p).

Another positive day technically. Price went down to test the levels it broke through yesterday and found buyers. Nice close - bullish indeed.

that there are still drill targets within Cascabel that are the stuff of dreams for many another mining junior.

It's only because SOLG are spoilt for choice that these are taking a back seat.

Nice summary by Redcloud there.

Has their NAV calc been updated since MRE2? Seems the same number that they had before.

Ludeck, I recommend that you listen to the webinar, if you haven't already.

They've only got about 30km of planned drilling on Alpala next year. That leaves 90km. They mentioned some geotechnical drilling for the feasibility studies, but it didn't sound a lot and I also got the impression that it could take a back seat if necessary. So, there's 90km of spare drilling capacity ready and waiting. Once they get the drilling permits they will be up a few kilometers to Blanca Nieves like a shot. And no doubt they will distribute at least 1 rig to each of the 5 priority targets.

One important point that hasn't been raised in this discussion, or I may have missed it, is that we only need one "hole 5" on any of these new prospects and it really is game on - imagine the excitement and the consequent share price movement.

FR, it's odd that the data you present on your charts differs from mine (high, low, open/close). On your chart the 37.5p does indeed stand out. With my data, not so much.

FR, my point was not that any gain is positive - my point was it was a decent gain that closed just off the high.

As for 37.5p, I don't really recognise it as resistance. Main resistance zones are 35-36p and 38.5-40p.

Nothing sad about the 37.5p close - quite the opposite. It's just off the high for the day.

Technicals looking chirpy again, after having tested support.

Monte - I really wouldn't worry about that. NM already has 90 million reasons to be aligned with us. He gave himself 4 million options last year too. As has been suggested, he may also be taking a generous scoop of the "leftover" employee options.

No, NM will be taking good care of number 1 and in doing so he will take care of us.

Just got off the phone with my broker to register my votes (AGAINST 7-13, abstain on the rest) and the woman answering said "it wouldn't be SOLG would it?" to pre-empt me, after I opened with "I'd like to vote in an upcoming AGM for one of my shares".

So, clearly they've had other PIs calling in to vote...

no doubt you've seen the latest GGP news. I like how they've dressed it up. But when you undress it, the intersections lengths are decidedly unimpressive.

Better hope that the grades are seriously impressive. The risk level just went up a notch. No doubt you've got your exit parachute ready!

There have been some over-reactions on both sides here I think.

Some women might find what Schlem said irritating, just as men might do if a women was pointing out a fit bloke. But why it should extend beyond anything but irritation I'm not sure. It is not offensive, and it is certainly not sexist. Zoros, I think you need to go and look up what sexist means.

Totally understand that women's rights are abused in a large part of the world. But let's get real here - yes sexism still exists in the UK but actually in professions you can now find positive discrimination where quotas are to be filled etc. Just check out the head of the UN - was seriously unimpressed with her 100 days interview - the woman can't even speak eloquent English.

My own experience in the workplace is of several women with only average capabilities citing sexism, under their breath, as they reason that they haven't progressed as far and as fast as they think they should have. Now that attitude is a particularly repulsive blend of arrogance and ignorance.

Add a possible 20% (my hope is for a second core, so plenty more than that but...) during 2019 and you get:

£2.4/share or £2.04/share after having subtracted Cornerstone's stake.

My sentiments exactly bm31. It is a p1 s s take, regardless of who takes up those 120 million options. Interesting to hear what NM did at DGR. Unfortunately, we have no power to vote against the employee options now, as they have been passed. And that is exactly right - those options are paid for out of our (shareholders') pockets. Please stop robbing us NM.

Our only power is to vote at the upcoming AGM wrt to the latest round of director options. Email Karl to get a form. I have and will be voting against options 7-13.

Good choice Schlem. Might join you...although I'm partial to the Jeep Wrangler.