Member Info for TheItalian

Magoo, why would you invest your money in a company the BoD of which is in your opinion a disgrace? At 5p or any other price level?

Orwell, which street?

Https://www.bnamericas.com/en/news/ecuador-seeks-consultancy-for-strategic-mining-plan

As one how has also sunk a material amount of money in SOLG and been a shareholder for 10 years, I have had plenty of time to ponder on the many reasons we haven't monetized the multi-bagger yet.

Over time, despite the various reasonings around egoes and corporate/management shortcomings that dominated the narrative and the discourse over this and other boards, one topic was more and more clear to me, the quality of the resource is not a given while everything else gets messed out. Yes, Cascabel is huge but that's not the entire story here, obviously.

In business, only money talks, so I don't buy for a second that CEOs have hurt feelings or desire to retaliate. If one day BHP or other decide to bid for SOLG it's just because the business case has become compelling enough.

As we have learned under Scott's leadership, Cascabel surely is an enormous resource but it still demands further work to bring to the sufficient marketability level. We know because we have been told, and in the past it was not as clear to us. When NM was pushing it, we were still a speculative bet for a major and that's why BHP never offered more than the typical multiple for a firm at that stage. BHP were right however much we might want to disagree on that, we are still working on the resource and the cost/methods to mine it and move it.

SOLG is surely being derisked, comms are in line with the frequency of the relevant news (even though that guy is a serious and unforvigable joke) and time is a problem for us just because we have been around too long.

Now more than ever I think that SOLG will play out ok, but that is not for tomorrow or the next day.

And none of that has anything to do with how Henry feels, or we feel about Henry.

If I don't speak to you until next year, I wish you all a great holiday season!

Https://www.bnamericas.com/en/interviews/ecuadors-untapped-riches-barrick-sees-gold-in-long-term-planning

@Elphi, how does your talking chart suggesting 18p in 50 days? Just curious, since I project the next peak in the second half of January, 12p to 18p possible target.

Happy to rediscuss after the AGM, but I expect both Scott and the price to stay where they are.

Obviously many of you here have invested without having any idea about how companies are run, what the challenges and compromises are, how mining exploration works for the juniors, how country risk affects everything, how the technical aspects of a resource can make or break a project.

Imagine, investing in a tracker fund (US equities especially these days) instead of speculating on illiquid stocks you don't understand, would not only make you more money in the short to medium term, but it would also spare you the pain of having to debate bitterly with people you don't even know.

Why are you here, genuine question?

@red, if we get to the end of the feasibility stage, I price SOLG at 72-80p, so roughly in line with your calculations.

Whether someone shows up to pay that price it's another story of course.

We might have to build it ourselves, for lack of better options.

Hope not though.

GLA

If anyone has an intelligent idea, care to share with us?

If you just want to rant, it's a great time to keep it for yourself!

GLA, looks like we need a lot of it.

Add, all agreed.

You are trying to convince people who have no idea about managing real companies, dealing with real challenges, conflicting agendas and trade-offs, and who have probably thrown some money at SOLG gambling on a short term result. I don't think many of us got into SOLG thinking it was a gamble, but of course each to his/her own.

GLA, I hope no one loses money here, we all become friends and we have peace in the world. Happy Sunday!

I suppose we can vent as much as we like, but at least we might want to refrain from assuming that shouting in an anonymous board will move the price or change management.

I for one am as depressed and annoyed as anyone else at how the SOLG story panned out, but I think that at least corporate progress has been architected with the parties that are financing us so there is less chance of shifting strategies and other surprises.

Https://www.mining.com/silvercorp-salazar-to-kick-off-ecuador-mine-construction-in-early-2025/

For the large-scale Cascabel project , located in Imbabura, the SolGold company will build a hydroelectric plant with a capacity of 240 megawatts (MW) , announced Luis Mario Sánchez, representative of the company, during a conference organized by the Chamber of Mining of Ecuador (CME), on Friday, October 18, in Quito.

https://www.eluniverso.com/noticias/economia/mineria-solgold-cascabel-hidroelectrica-energia-ecuador-nota/

Damers, it may have not escaped you that we are not at 30p. Can still dream about 70p though.

Https://masterinvestor.co.uk/commodities/solgold-looking-much-more-compelling/

Not that we haven't discussed this before, but too many are too idle and have time to spare so fantasies run wild.

We all want a higher rather than a lower price, however, in reality unless we wait until there is mineral extraction and the associated revenue, the realistic expectations based on historical M&A data are, IF we were to receive an offer:

- At the exploration stage, 3.3 - 5.0 UScent p/CuEq = 28-43p

- At the feasibility stage, 8.0 - 8.75 UScent p/CuEq = 68-75p

- At the development stage, 10 - 25 UScent p/CuEq = 82-214p

-At the production stage, 14 - 31 UScent p/CuEq = 120-265p

Anything else you are wasting your time and everyone else's in pointless debates.

BBG, you just stated as a fact that SOLG management is withholding significant news. I am asking you what tangible evidence that significant news have been withheld.

Of course if you are privy to this information to the point of making such an unambiguous statement, you can also bring us up to speed about which news we are talking about.

BBG, based on what tangible evidence are you making this statement?

They were kind enough to respond to my query.

Thank for your message. The ENVIRONMENTAL IMPACT STUDY FOR THE ADVANCED EXPLORATION PHASE OF METALLIC MINERALS, UNDER THE LARGE-SCALE MINING REGIME FOR MINING CONCESSIONS AT PORVENIR, is just a pre-requisite to receive the environmental authorization and then proceed with the advanded exploration.

Kind regards.