Member Info for TheItalian

@Shippy, where are you planning to go skiing?

@lostagain, let us hope it's all as simple as that!

Thank you @Matherfinger.
So does that mean that RK1 would have received no material information and therefore he could well just share word for word was he was told?

Agreed.
While the RNS did not deliver amazing news its nonetheless more positive than negative on a number of levels, and I suspect that we will see more reaction from the market in the afternoon when North American wakes up.

IMHO, how much of someone's investment seems a huge number or just pocket money is just very subjective.
700k is obviously a sizable amount for most, but I am sure that some here have 6 digits invested here even if it's not reportable amounts and they don't boast about it.
On my side, assuming that the company delivers, I can see eventually see a price north of 20p.
ECR's negative price performance this year is at least partially correlated with the rest of the juniors and explorations companies segment. The entire segment has gone from overbought around October 2020 to oversold now, and there are some signs that the cycle might restart soon. On general sentiment alone, ECR could easily be lifted up to 2/2.5p.
GLA

Might be an energy consultant

If I may interject, there are certainly a lot of sensible arguments here, one way or the other.
But we should take into account that there is a difference between the (more regulated) communications between SOLG and the market, and the one between SOLG and the investors and the Ecuadorian government. The latter can take place behind closed doors and under NDAs, none of which we have access to.

I would say that:
A) it would be insanely naive to assume that SOLG are not having constant channels open with the investors and the Ecuadorian governement, however that results in agreements or disagreements of course;
B) When it comes to official market communications, their timing is almost as important as their content; SOLG have issued many RNSs in the past that didn't move the dial; we need to acknowledge that the mining sector (juniors even more, and exploration co's event more) has gone from overbought after the summer of 2020 to oversold these days, and it's only now that there is talk of a rebound. If I have to organize my media campaign, I will time it for when the market will amplify my message, not when the market will mute it no matter what I do. So I am assuming that SOLG actually have a media strategy at play and will only release this string of RNSs when there is a clearer indication that the overall sentiment is changing. This is industry is brutally cyclic, and rebounds are often rapid. Last time it didn't follow the usual pattern of tier 1 firms first, tier 2 then, juniors, exploration, but rather moved north all at once, and this is what I would expect now considering how much liquidity is available for M&A and the projected shortage of "green" metals.
SO, I just would not be too hassled by the lack of news, this is a pressure cooker situation, and in the next 6 months it's going to explode.
GLA

https://www.kitco.com/commentaries/2021-09-24/Gold-stocks-have-become-the-ultimate-contrarian-play.html

....the GDXJ is now priced at much lower gold prices after losing long-term support at $41 in early August, a level that was strong resistance when gold was attempting to break above $1550 in 2019. But if the $1675 level is seen on this move, we could see this correction continue down to the $35 level in GDXJ, which would most likely clean out the last of the stale longs.
In the case of junior valuations, the 14-month consolidation of the 180% move higher in the GDXJ, which took just 4.8 months to complete, has been frustrating as the potential for multi-bagger gains in select juniors lies in waiting when this brutal correction finally ends. This is why junior resource stock speculators should remain patient while the correction plays out by holding core positions in quality juniors, along with a large cash position in a non-margin account to add more once the sector turns.
The main difference between the aforementioned historic low made in late 2015 and the bottom forming now is that many quality juniors are cashed up well into 2023. When the gold complex was in the process of forming a significant bottom into early 2016, most were in need of cash and barely keeping afloat financially.
Furthermore, the long-term macro fundamentals for the PM sector have never been better, while the stock market is in the process of setting up the next catalyst for the PM sector to move higher by showing some fear as valuations are starting to come off from historic levels.

There is no doubt that as an exploration company with a long list of "imminent" news, we are or should be first and foremost driven by the company's specific events, however the price has been following, with a higher beta, the rest of the market, and particularly so the juniors market.
Since October 2020, when SOLG's segment became overbought (don't get my word for it, look it up yourselves), many juniors have suffered badly even if their fundamentals had not changed in a negative sense. Take OMI, ARS, ECR, COBR, all companies that could easily trade at 2-3 times their current price simply on the same sentiment that prevailed until Q4 of last year.
SOLG has been more highly correlated with GDXJ, even if we are not even a producer, the first half of 2021, and you can see the same jitters in both these last few days.
So, all I am saying, even if there are some specific reasons for SOLG's performance, while critical news are not coming through we are just pushed up and down because sentiment changes for the sector, and we can hope that as the business cycle evolves and investment in growth shares perhaps diminishes, junior mining might come back with a vengeance and SOLG's price might be better supported as we approach the PFS, the CEO appointment and the rest of the material news we have been waiting for.
GLA.

I haven't been out of it for far too many weeks!
But I will keep going, crazy to get out now.
GLA

1) Do not ever talk about anything else than SOLG (especially British politics)
2) Do not ever write anything that resemble a non fact about SOLG, Quady and a number of others will always have a different opinion which will escalate in a verbal fight and some insult or another (Quady is a good guy but FFS he could limit himself to 1/50 of his messages)
3) I still want to meet you all in a pub to celebrate the £1 milestone (if ever!), if anything to see the faces you are not showing when you hide behind an anonymous BB name and post rubbish
4) We still have no idea at all about what the next few months or years have in store for us, but the more we don't know the more we feel compelled to talk about it
5) Finally, GLA all, I still enjoy the banter (from a distance...)

ok, maybe I take that back....

!

Lawmakers pass bill seeking to prevent development that could satisfy 25% of US demand for 40 years

The future of a US copper mine owned by Rio Tinto and BHP has been thrown into fresh doubt after US lawmakers passed a bill that seeks to stop its development. The House of Representatives Natural Resources Committee on Thursday passed an amendment that added the Save Oak Flat Act and a number of other measures to Joe Biden’s $3.5tn domestic spending package, which has yet to be voted into law. Oak Flat, 65 miles east of Phoenix, Arizona, is home to a giant underground ore body that holds enough copper to satisfy 25 per cent of US demand for 40 years. Resolution Copper, a joint venture between Rio and BHP, wants to mine it but has faced opposition from the San Carlos Apache Tribe for whom the site has special religious significance. Their efforts have been supported by Arizona congressman Raúl Manuel Grijalva, who has been trying to get the Save Oak Flat Act passed for several years. The act seeks to repeal a 2014 land swap agreement that allowed for the transfer of 2,400 acres of national forestland, including Oak Flat, to Resolution Copper, in exchange for 5,400 acres of land owned by the two miners. The Committee’s decision to adopt Grijalva’s amendment comes as Rio’s chief executive Jakob Stausholm prepares to visit Resolution Copper, one of the company’s most important projects. Rio is trying to win back the trust of indigenous groups following the destruction last year of a 46,000-year-old sacred Aboriginal site in Australia to make way for a mine extension. Copper, used in electric vehicles and wind turbines, will play a leading role in the fight against climate change. However, high-grade deposits in politically stable jurisdictions are becoming increasingly difficult to find.  Rio’s other big underground copper project in Mongolia is running late and over-budget. Its development has also been marred by repeated disagreements with the government.

@snowman123, on the basis that we are talking about an exploration company with 14mln tonnes of CuEq resource (subject to change over the next few months of course), and using average valuations from available market data (0.09 USD per pound of Cu at the feasibility stage), I cautiously value SOLG at around 68p.
While I would like a higher price like everyone else, I will only entertain the thought of a higher price if I first see that we can reach this level.
GLA

Sweet, for the first time in a long time I have a tangible sense that we might finally see some progress here.
GLA
TheItalian

https://www.ft.com/content/dafa5a17-1fff-4f3c-96ff-ec0e951c210e

The link is to the FT article "Afghanistan minerals: a monkey trap for aspiring miners"
It’s wildly optimistic to think resources will be any easier to exploit under a new iteration of the Taliban

Greetings. Is there a link to telegram, like this one for ECR?
https ://t.me/ECRMinerals

Taking a hint from Mark Bristow's comment below, I think there is a chance that Barrick will be a bidder here.

Mark Bristow, the chief executive of Barrick Gold, the world’s second-largest gold miner, said this month that the gold industry needed to focus on growth rather than placating shareholders with cash returns.
“The gold mining industry’s chronic tendency to harvest the gold price instead of investing in the future has resulted in declining reserves and a shortage of high-quality development projects,” he said.

I just came back from a month of holidaying up and down Italy and the lockdown has not affected me if that's your hint, and felt that some actual analysis instead of the drivel that infects this BB would actually be more useful even if it's not as entertaining.