Member Info for theiceberg

I don't really have the time at the moment to be honest.
But if we take the Blanca Drill as an example, its a cross between the FDN mine in Ecuador and many of the mines in WA, However grades in Ecuador tend to be higher in the breccia's due to the greater pressures involved.
Folks can look it up though, The drilling in Porven. could be massive, with the higher soil copper samples and its near to surface nature. These really are the types of deposits that will host an escondida which is why I am so excited about them.

In answer to Jerry, there is lots to talk about, the problem being as soon as you do, folks then say "It won't make any difference to the share price, more bloody drilling etc etc".
We could talk about the difference between Clorite V chalcopyrite.
The depth of drilling of Porvenir.
The Blanca drill which looks to be very very similar to GGP's Havieron's project, but potentially better gold grades. (e.g high tonnage with grades above 0.5 (hopefully quite a bit above over 100m-200m.

Hopefully we get first visuals from the regionals mid July, with results Aug onwards.

and I think your right Quady, most new investors make a mistake by investing with a firm exit date, maybe one week, a month or 3 months. Its fatal to do this. They also try to force things.
They also don't response appropriately when news in released.
I blame the rise of IG and T20's

Smith, you keep making out your a big trader (I am always a non believe whenever people say this) and that anybody who brought in the placing was an idiot. however straight after the placing you said.
"I sold what I bought just below the placing price."
So you took part in the placing and when the price didn't respond sold at a slight loss, you also said a few weeks before that that brokers won't hold SOLG shares accept for clients.

The brokers underwrite the placing at a minimum amount, they hope with probably a 95% certainty that they will find buyers for that amount, they have no intention of holding stock, (unless they were beaufort who broke the law doing that).
If the placing is oversubscribed, which it was, then the brokers get and have no stock.
Why would the broker need to support the price, when it was an accelerated out of hours book build.
It was timed so that BHP and Newcrest could not take part (i.e Canada timings).
you have no evidence for what you say and more it makes no sense.
If you know everything as you describe then

It came in a just over half a million shares, with a further 400k on the bid at the same price. Order unfilled...

It will be a fat auction today.....

500k of shares Wanted at 21 and 21.25 in the auction.

Tos
"Ice... never said exploration didn’t add anything to an exploration company."
No you said today.
"All this said, it’s extremely disappointing, and a bit telling for the next few months, that on release of drilling results the SP drops. And more than the index." And "So, in my humble opinion, all the fantastic drilling results in the world won’t move the SP significantly from here. "
I rest my case
If the

Addick, but the company has stated that's what they want to do. They have said they want to take it to production..
I am happy ?with any outcome as I said. The issue is those that keep saying they don't want it to go to production...
Or the likes of tos who complain they don't think exploration adds anything..if you don't think exploration adds anything then investing in the largest exploration company in ecuador seems rather silly.

I feel it's a bit like folks wanting to buy a pet, they then buy a big dog and then complain it requires walks every day. If you want a pet that doesn't require walks then buy a bloody cat instead.
Solg had the biggest area of exploration licenses in ecuador...if people don't see any value in exploring then buy a different company imo.
If all you want are bids to buy the company out then that's risky imo but fair enough maybe just have patience.

I think the company is doing everything to get it to production. To explore several more cascabels and find several nice 15-20m oz gold deposits. If they get a good offer for anything then great if not then equally great.
On every single front imaginable this is a stunningly important 6 month period for solg...whatever happens..

A mega campaign on the cards. 2 large regional drills starting in the next 2-3 weeks, as hoped they have been preparing the drill pads etc.
Also then Blanca starting up again. As per below its worth remembering Blanca drills had to be stopped but before being stopped has already hit good mineralisation.
Lots of news I am sure with visual mineralization reports and then massive stream of news and drill results from August to the end of the year at least probably for dfs. But the regionals seem to be designed so that solg know what we have at those 3 locations prior the oct BHP release. I.e cascabel V2 , high trade copper and potential 15m is gold with blanca.

But for now quicker and better regional news flow than I expected.!

HIGHLIGHTS:



Ø Man-portable drill machine has been on site at the Blanca Project since mid-September testing the very high grade sub-horizontal veins, up to 0.4m wide, containing up to 617 g/t Au, at the Cielito Vein System.



Ø First hole (BDH_19_001) intersected a 30cm wide mineralised vein with visible gold along with multiple thin sulphide rich veins and mineralised fault zones.



Ø Phase 1 drilling program designed to test high grade polymetallic gold-telluride veins within the Cielito Vein System over a 500m by 400m zone, as well as gold-stockwork veining at the Cerro Quiroz Dome.

On the bid in auction at 19-20p obviously unfilled.
I do wish the folks who want to buy millions will just up it quickly to 21.5p so that we can get this little AT dance finished and progress.

Two other quick points, sterling to dollar rates have strengthened by the 0% in the last couple of months, so if we raise money in UK shares prices we get 10% more dollars worth..so well done solg on taking advantage of that.
Also there was good strength in the sp when it cared to go into the 20ps. Almost 1.5m on the bid with a penny range. The SP is holding well on a floor all things considered (DOW tanking)

Th fund managers will have a balanced fund, some will be for a reward in 6 months time some 12 I the some long term 3-4 years. Looking at the blackrock fund for example about 10-15% is long term investments like solg , solg is unique when you add in country risk etc as well .
Fwiw I don't see any evidence that CGP are massive sellers. They seem to be in the camp of selling what we need to achieve our exploration mind set..they have a legal duty to spend a certain amount on certain licenses.just like solg do.

Jerry. No BHP cannot buy on the open market due to the standstill agreement.

Nice to see that blackrock are accumulating. They are generally ruthless re shares and were already top heavy in their portfolio for SOLG.

're rep it's what all explorer do, if you can find another way of proving up a tier 1 resources then your worth millions.

I 00% agree. Inquisitive things can be cancerous on a forum,but nobody is on here claiming the SP will be £1 is a months time, nobody is saying the drill results will come in a couple of weeks and be the best ever. Nobody is quoting broker targets as expectations. Will of this happens on other forums..
Solg starting on regionals can only be a good thing since solg is an explorer. The PFS can only be a good thing.
Do some research and find out the pit falls developing a tier 1 in a developing country we can discuss that.

I almost want to keep a document with all the zzzoorss quotes for prosperity and humour. Almost...I just don't care enough about him.

So which one
"I'm averaging out at 26p currently."
"I have a small holding of half a million. which cost me peanuts many many moons ago.."
You didn't reply last time, so maybe this time?
I am always happy when I am in profit!