Member Info for theiceberg

Earth ling as below, the project has the same worth, it's a reorganisation, however the discount to npv, values closer value rather than further away....if that makes sense. They haven't change any metal prices though and say that the cap ex will be a little higher....this will be guess work imo, also there is no inclusion of the higher metallurgy recoveries which we expect to have inlcuded...
So maybe a case of lower expectations prior the PFS, so they can under promise and over deliver rather than the opposite.

Just like I am sad enough to keep spreadsheet s , I am also sad enough to a member of most brokers etc, as research is key(I don't believe everything they say).
It's a comprehensive update, but is members only and copy righted so I can't link to it without putting it up somewhere else, which would be illegal.

To recap.
Npv is lowered ,due to tandayama...apparently. I am not sure why but they refer to the alpala committee, which I assume is who they spoken to. Hannam is also very very close to solg. They say that the IRR will be lower as the committee want to mine alpala more methodically, rather than going for the core, so initial grades will still be good, but not the super high core. This is the approach a major wants and against the go it alone approach that Nick wanted, so might favour a JV and Nick s compromise.
They expect the PFS to land with the committee in Jan and then be released later in the qtr.g

They comment that Nick's win at the AGM was Ok. It was expected and although lots of votes where against him, th majority of shareholders and votes supported him so he's ok.

Porvenir is going well.

The Chinese wanted more shares but Nick was unable to give any more.

Exc alpala , all the other projects only contribute 3p, which seems unbelievable to me.
So plenty in there and it seems to have massive room for upside.

I just read the 7 page report.
It’s really interesting and the npv figure is not the most interesting imo.
Anyway I need to drive home before I post much more.

Addict, I agree with much of what you say...
I think Nick will team up with BHP, it's the likely option. However he does need to ensure its not the only option otherwise solg and all of us shareholders will not get a good deal. If BHP think they have this in the bag shareholders will get an awful deal.
Whoever we team up with, solg will need to provide cap ex funding. So that needs to be demonstrated.
I think things will have to change significantly next year, I also think the status quo, isn't tenable, so agree with that.

I disagree 're specials, they were never going to pass, even with BHPs support, this is a factually accurate statement on the votes, as newcrest,cgp, irwin, Wilhelm etc had a block that could only be overcome with 90%+ voting. If they were never going to be passed, or at the very least highly unlikely then I can't see how it's really a major blow. Certainly for the BOD s planning it wouldn't have been the planned for occurance.

To be further conciliatory, I think the market is a little spooked by the lack of porvenir updates, it will be on guard for any scaling back of expectations. I think it's looking for an answer from Nick as to whether he wAnts to step down for personal reasons...any such announcement would likely come at say 10.30am Christmas eve. I don't think this will happen, but it will be on the markets mind because of no material news since the AGM or no confirmation, even in an interview.
The market wants confirmation that the PFS will come in January as well.
I am happy to give Nick and the BOD until say the 10th of Jan to answer at least one of these questions.

My guess is they will shut down and take along weekend. Maybe travel home on Thursday. Then back to work for Monday. But that’s just a guess and I hope they do.
They might ask employees to stay with the drill pads for security reasons though, so it could be just a day off in situ.

Out of interest the lab they use for assays as far as I can tell is a 20m by 40m building on an industrial park. Hence why they might be struggling with the 1500m of drill core that Solg is probably transferring to them each week.

People have put their stocks up for 2021...in tune with my comment about not losing money. I would suggest WPM.
Wheaton metals is an established company, similar to franco, but specialised in silver before going into gold.
I've been a fan for year, a bonus is the divi it pays.
It has very very recently listed on lse. However volumes and liquidity are paper thin for such a big company..it's currently below the initial price so currently is cheaper than the funds would have brought in.
It generates tonnes of cash..
It might well be used by solg to stream finance all the silver for capex.
If i got an offer for £2 a share in solg I would put a chunk of it in wheaton.
Just imo as always.

Quady, I've been there and done that, measuring things in multi baggers, make 100-200% on a share then lose 50% on a share. It's a dog's life..but it did teach me the most important lesson, thankfully without losing much money.
If you invest in shares then number 1, is don't lose your money, thats more important than making a 100%-500% return.
It's what attracted me to solg at 20p I thought it vanishingly small to lose money, making money is a bonus, making lots and lots of money is a privilege.

They are certainly prioritising assays we saw that with drill 1 and 2. I am honestly not sure the ALS labs they use can cope with the the assays from 7 rigs all running some with 1km or more of cores.
As well as this other companies are using them.

It's totally up to solg whether they want to release news between now and the 4th. I understand and support if they dont, I understand and support if they do...I've seen news which gets ignored if released now, but equally companies that have gone up 100%.

I am sure they are busy doing whatever they need to do and hAve news to release if they want.

This might have been posted before.
Basically it looks like solg will get more time for exploration on it's many many licenses.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2080-tsx-venture/aru/89954-ecuadorian-government-provides-support-for-mineral-exploration-by-making-provision-to-extend-initial-exploration-phase.html

So do I assume I'm in the 5% alluded to below...?

Because you haven't worked with any of us...

""Btw I take zero notice of people's job roles or experience on here as 95% is BS".

Answer... Damn right, I respect some of the things you post on here and agree with most of it. But I don't respect your role, or experience because I don't know you. Equally I don't expect people to value my experience or roles as they don't know me..I hope that people can agree or disagree with what I write, or even research it and make their own minds.

There is somebody I know from these boards (an oil company) who is a multi millionaire, lots of experience etc...I thought he was really nice until I found out he was part of a disgusting far right group..

Totally agree CD, whether they are Dr, Prof, Sir, Lord, CEO or shelf stacker, black, white.English or indian.
One of the nicest fastest learners I ever worked with a a young Muslim lad, 23 from India. He was one of the lowest grades, but my respect for him was absolute.

Red. I respect you but I will talk about my experiences however the hell I like. You don't know me or the companies I've worked for. Not do you know that I quit what was quite a horrible macho world, to go back to university to become a teacher, where I gave up a lot of money to help less fortunate schools and children get a better understanding of STEM and business.
I trust hardly anything that people put on here and frankly I will continue to say that as much as i like as well.I
If you get upset about my comments concerning the world of finance and the boards of LSE then I am sorry, but it won't change.

Red....I am going to ignore that. I've not made a negative comment about you and simply said about my experiences and experiences of others I know.The I think it's sad that your trying to start/turn it into something it's not.

Lafitte 're read what I said I said at trades and market makers, not that the market makers were doing the AT trades.
Please re-read what I said.
I never said the market mAkers were taking any position, quite the opposite, that they were staying clear. I can assure you that market makers have smaller positions around christmas, partly because they will be covering for people on leave and so will have more stocks to keep an eye on.

I remember being on a trading floor on South colonnade and the way they treated people was disgusting, sorry if that's my experience

Critical of who, I've not criticised anybody on here. Just giving my opinion. I lost count of the number of times between the ages of 20-30 i had a phone call with some idiot saying "F you, It this isn't Fing working by th end of the day I will make sure you don't have an Fing job" repeat with more and less swearing. A relationship manager threatening to remove a bonus, or old experienced MDs expecting young female employees to go to lunch with them or sit on their knees at a Christmas party.

Btw I take zero notice of people's job roles or experience on here as 95% is BS. Not saying yours is. Also I've worked for so many people with 40 even 50 years experience or were managing directors etc who don't know their arse from their elbow.I
Tbh 80% of people I've known in the inv banking, financial consulting world are idiots or an embarrassment to civilised mankind.

Lafitte, mAybe your having a bad day..
I've called people out until I am blue in face wrt some of the rubbish sprouted on here over the last 10 years re market makers and on twitter, often to get a whole load of grief.
If you disagree with something I've said then say where you disagree,
So far all I've said is that L2 can be good and in the morning we had a lot more AT action taking out the bid which lowered the price. I've also commented thAt the market is spooked, so you you would expect this. Also as the price is deemed cheap at trades taking out the ask increase and the price goes up a bit.
Since the price is measured on A trades and not O trades what did I say that was wrong in your opinion.

The the entire sector is down, mining down over 2%, even Rio is down over 2%. Uk stocks are clearly spoked.

Lafitte, you are entirely able to have your opinion as am I. I helped develop the barx system and fully know the pitfalls of L2 Yes I know your the worlds greatest trader/ceo etc etc
But j us t because you don’t know how to use it doesn’t mean it had no use.