Member Info for theiceberg

In that it has maintained the share price , dragged out a lot of sells and is preparing the book for the good news to come, without actually giving away any of the good news.
the brokers sp angel, redcloud etc won't give any official updates until we get the assay results.
I hope they don't finish hole 1 yet, they must be at 750-800 today and an extension beyond 750 would be nice .

There were quite a few, a couple of million maybe from memory, shares on the ask at 8am somebody maybe even CGP selling a few, it won't impact things particularly when the results come in.

With due respect CGP can go f imo.
They have 15% of one of our smaller tier 1 projects, a fly on our nose, if we could I would cancel the attempt now.

I am not prone to overpaying things, but if the two Rio targets come in, and we will know by xmas, then the takeover value for solg will be £3-5 a share imo.

Solg would have the combined reserves and production potential of more than BHP and newcrest combined.

A cool diagram near the back as well, of the intrusion, and alteration of a PCD, you can see 're porvenir how hole 1 has caught the core and gone into alteration and travelled through most of the low anomaly Ip area, which should be the edge,but a combined rework of the inflow has generated good mineralization as the stock work was reworked. All showing the quality of the core.

I have no doubt that Rio won't add to it.

The potential of this share from now until Xmas is insane and doesn't depend on some 30% cos of some dodgy oil play.

Ggp didn't really open at 27p the following session, it came out of auction went to 25p and then continued from there to end the day well down.g
Schlemiel, it's upto the client and broker , but if they are unfilled there is a very good chance they will try to fill them the next day.

UT are tricky buggers.
You don't want it much lower than the closing price, but you also don't want a disorderly high price. Far better is a general decent sized, top ask price as it indicates the general direction and probably more to come.
For solg the 5min auction is nice to watch as the bid becomes heavy, the ask doesn't match it and buy orders are unfilled ready for the next day.

Um....not wanting to plug anything but I was a bit surprised when they liked a post I made on solg yesterday. They barely use their Twitter and it was the first like retweet etc of any kind for a couple of weeks. Solg seems to be very much in their mind...I am waiting for a redcloud update as well, I think everybody is very excited but waiting for the actual assay results before going public.
Behind the scenes I have no doubt clients and IP are being made aware...

Some very strong AT buying kicked in taking it to 38p.

Quady, the book is pretty neutral, Heavy on both the bid and ask 36-38p. There are clearly some DMA sellers, but also some DMA buyers. A fair amount of Retail volume, but nothing amazing or concerning. Pretty boring really.
The good news is that 37p is well supported and the SP doesn't look stretched, but IMO a La hueca RNS which should come Wed/Thurs, could, if it hits push us over 40p quite easily. Equally Porvenir with mineralisation extending to 750-800m could push us over 40p as well.

No lundin operate a successful mine in ecuador.

I am of the opinion that solg will go to production as is. I also view the chances of a takeover as low due to many of the reasons quady says. I believe that a JV is the most practical solution to everybody.

But and it's a bit but, not mine btw.
With cascabel, now porvenir and possible Rio or Is hueca, SOLG has probably close to 50% of all the new copper and gold discovered in the last 5 years and the next few 20 years.
That's a real curse when it comes to remaining independent. Any company that buys solg gets 50% of the world's future copper and gold new supply. They become by default the world's largest player.
This is a different ball gamer to just alpala, BHP or newcrest could be happy with 20-30% of that as part of a consortium. Likewise BHP etc.But if somebody else comes along and takes solg that will still leave them as runners up.
The regionals have tilted it.
The chances of bhp, barrick, southern paying 3-4bn for solg and then another 3bn for cap ex is lowish. The chances of them paying 10bn for 50% of the world's new supply of copper and gold is higher.....
All imo.

The rns says stockwork totals from 290-450 are between 2 and 3.5% which would be green. Generally lower than the 4% min for a core.
This isn’t a problem though not even alpala had solid core grades and green is still plenty suitable for an MRE contribution.
Also as I mentions porvenir looks more quartz like so maybe higher gold.
A double core at this location with continuous decent to good mineralisation is still looking tier 1.

I am going for a top 15 drill of all time when the assays come around bonfire night !

I've been sat with a green yellow and red coloured pencil trying to do a stockwork analyst using the same method as that used for alpala.
It's interesting that, at 620m they are hitting over 4% stockwork which would equate to the core of alpala. From 15m to around 150m you would have a red zone, grades comparable to alpala at its best, this then morphs to a yellow some then a period of lighter grade green from 300-450m before going back to yellow, higher grade again at depth.
Like alpala which has 3 main cores, porvenir looks like it has at least two in this location. It will be interesting to see whether drill 2 gives one continuous core.
Regardless we have a shallow and deeper body for porvenir with the shallow being alpala at its best.

Pad they did expect 1-1 but they also didn't expect the alterAtion to be as extensive or deep or rich. The lower IP anomaly they are in is providing some impressive quartz work which might well indicate greater gold, hence the lower IP.

In the RNS they say at least 750m, looking at the diagram I would say at least 800m and there is no chance in hell imo, they will stop until mineralization finishes. The whole point of the hole is to sample the core edge and the outer alterations and to find alteration depth. Stopping to skip to the juice hole will please the accounts but terrify the geologists!!

It looks like the core and zone of high grade could be as much as 4 times the initial estimate and thought pre drill.
Drill 2 will confirm this nicely.

If you've only read the RNS I would urge you to look at the visuals from 600m plus, their is some stunning chalco stock work and even thick layers. I can't believe that the gold will be low on this...

Pedro I am not buying more but that's because I am fully loaded for me..I think the current price has some decent upside and very little downside until after christmas. but as ever dyor. :)

Just catching up. There is a reason why they released before hitting the end of home.
Firstly they are obviously now going well beyond 700m. Yes that’s 700m of high grade PCD.
Secondly they have demonstrated that the IP zone t was considered low on the survey has delivered high quality. It would indicate the the extent of the IP anomaly is NOT the extent of the mineralisation.

We could have one of the top 20 drill holes of all time here and we know that’s possible because of how many are from alpala

No an tion except the first 30 secs.

Refreshingly quiet on the board for a Monday morning, no pumping, just letting the SP do what it's doing.(high 35s.).
're condelco just my opinion but I discounted it, as they have declining trades and are investing their money getting to maximise Chile copper. They are a national company so if they spent the money outside Chile creating jobs and wealth for Ecuador there might be a few govt complaint