Member Info for theiceberg

He doesn’t have that holding he’s been caught multiple times Saying different things about his holding. He then disappears for a few days before starting it all again. It’s just not worth arguing with somebody who is so obviously really pro when he’s brought a few shares, then really negative when he sells, you can even time it with ggp which he does in reverse.
The lse boards attract people like this who think they are clever but actually a load of people think of it as light entertainment He certainly won’t move the share price !

Ignore the zzzzz he's in his I've sold and want the SP down mood.

It should be the start of the push towards PFS news....I would expect 4-6 weeks of news on a few fronts, get the market ready for the PFS.

Looking at the last 10 posts I wonder who has sold out recently....

The last one was to talk about the cgp bid. So why the one in september?
I don't believe it will be just to say hello.
Options inc
Regionals......The first xrf and visuals at depth will be known now for la huaca and we don't really know what porvenir or Blanca are doing.
CGP bid update ????
Conditional funding for build
Franco sign off.
BHP related.
New hirings.
We have a controlled vwap so possibly a friendly inclusion on the share register al la Barrick...
Maybe something else..

my views for a sunday morning, upteenth time. Nick has no option much to continual the path to production, it adds value and forces peoples hands. If they aren't capable of doing this then they won't get the conditional finance bids post PFS, if they are then they will.
I am open to a JV and so IMO is Nick, I know he has discounted it but he has to for conditional funding purposes.

Regionals are progressing (first drill at La Huaca should be at 300-400m)

BHP. There has been movement this week from Mike Henry. an M@A Director has been appointmented. A number of times how he has spoken about expanding BHP for the first time in ages. Copper has been talked about expanding and 2028 the Target for production. A clear strategy of doubling copper by this time through new projects has been created. a fund of 4-5bn for this has been discussed. SOLG has even been talked about, inc in the final results as 1 or 3 projects, but its the only project capable of achieving the copper growth.
This is all new this week under their new CEO and his first annual results.
The new BOD member doesn't sit in position until the 1st of Sept so it won't be next week!

I've not read and don't care about what has been going on in thread, but have just glanced in quickly.
It's not that a single company can't put it into production, it's because companies like to spread their risk..both corporate and country risk.rather than have a single tier 1 in a single country. If you have 1/3rd in 3 , split over 3 countries, you have a much lower level of risk of losing everything.
Funders like it because of the reduced credit risk.i.e the chance of bhp, Anglo and newmont all going under is vanishingly small.

I see he's spouted off his normal trolling rubbish and then gone to ground, no doubt he'll surface again and continue as if he's not had any replies.
As per the tenth time, building a mine isn t rocket science and isn't done by the mine owner.
There are plenty of consultancy companies that will do that for you. They even put it together now like lego...
I.e do you need 3 crusher components of 6? Do you need 3 or 4 separation units, etc etc.
Even the block caving has been done for 20 years and companies outsource those components.

I am always interested to learn where is the link for the 33% figure?

Has hit $3 lb in the last few hours and the Rio has just announced that it's lowering its copper guidance by 300,000 tonnes for 2020. Approx 15-20%.

Ecuador is aiming to make the mining sector one of the central pillars of its economy and intends to attract foreign investment with a range of projects over the next decade.

"At the moment we have five projects on our radar that should become mines and one of them, which will go into production between 2025 and 2026, is one of the largest discoveries ever made in the world," said deputy mines minister Fernando Benalcázar in an interview with Radio América.

He was referring specifically to the Cascabel gold, copper and silver project, operated by Australian firm SolGold, which has another 74 concessions in Ecuador.

Addick that kind of comes under th same banned of evidence as citi. There is no doubt that solg to protect against a takeover, but again it doesn't mean one will come in october!

That's all been happening for years though!
As for newcrest wanting to buy more, that's fine. I'll believe it when they buy more...I've seen nothing that they have the financial clout to get involved along with their existing commitments...
I am not saying that a takeover won't happen, just that it's not preordained to come in Oct.

There is no, zero evidence that anybody wants to buy solg except for the citi appointment. There is zero evidence that anybody wants cgp.
There are lots of reasons why somebody might, but oct is just the start of discussions imo not a physical bid start.

What CGP want and what happens are two different things...remember it's CGP selling its entire company not ensa, so 600m(debt and cost) is a lot of dough for a 15% stake in something you have no control over and 7% of a company which will likely dilute to maybe 5%. You are saddled with lots of rubbish little JV s and as quady says nobody has bid so far!

I don't often say this but I think we will hit 28p today, the book and trades seem primed for it. a jump today away from 27p, as per the jumps from 23p, 25p, 26p etc. ie 27p shouldn't then be revisited.

No disrespect, but you can't put it as a twist or stick, as per my long post.

I think Nick is correct to say he rules out a JV, as he wants any partner to come to him with an offer above and beyond a normal JV. The more he plans for no JV, the better the JV has to be...if that makes sense...Also if he mentions JV, then he won't get any conditional offers to finance the capex. He has no choice but to say no JV atm. But, this is just my opinion, it doesn't mean no JV.

Quady, the general standing with Tier 1 assets is that they are not owned by a single company even one as large as BHP. However their portfolio does have a massive hole to fill particularly from 2025 onwards. The company talks about the copper supply deficit starting mid to late 2020's in there results today. Its a hole that can only be filled by Casabel. If we look at say there Canadian copper JV its won't in production until 2030 at the earliest.
Given the 3-4 year lag time to get a large project to production they need to act in the next 12-18 months, either pay absolute top dollar for a new producing mine/s. or go for a Tier 1, a couple of Tier 2's which could be in production by 2025. Either of these will costs billions, but without the ability to invest in new oil/gas/coal, its really the only boat they can jump on. Hence the new Board member in charge of M&A.

Given this, IMO BHP need the reserves on their books, but also the operatorship so that it can be their project. However if we come back to the Tier 1 mines are generally multi company to allow for stronger geo political clout and spread risk, then it comes down to who does BHP want to own a minority share of Cascabel?
Somebody like Barrick, who can have the GOLD while BHP keeps the Copper?
A small easy partner like SOLG, who can then explore other projects to take to production as a JV?
Newcrest or Newmont etc somebody who will actually help delivery the project?

My opinion is that BHP won't start exploring such relationships until Oct, indeed legally they can't. I think the easiest thing is for them to JV with SOLG, but if SOLG gets too difficult to get another company on board, bypass SOLG and buy them out.
Any potential large streaming will be conditional on the Bankable for obvious reasons, they won't mind too much Franco. But I Fully expect the period between PFS and BFS to be when the conversations come to the surface and to be concluded during this time.
So SOLG yes will take Cascabel to production, but not as the operator as a minority JV partner.
Yes SOLG are capable of taking Cascabel to production alone (IMO) but this is unlikely.
Yes somebody might come to the party to crash a BHP love in, SOLG might even want that. There might even be a 3 way split with SOLG, Barrick and BHP.
BTW I don't think anybody wants CGP to be at any party!

I've just spent a while going through the results....some direct mention that copper will come from greenfield, high risk countries, large deposits etc. A nod that cascabel is mentioned quite a bite one of three copper project s for the future, and better than the other 2 from projects imo.
Talk of opportunities, investment and a new role created for Johan van jaarsveld which includes new project and M and A.

Sounds like they are still very positive about cascabel.