London South East were delighted to welcome Incanthera to our April Investor Webinar (6.04.2021), where Chairman Tim McCarthy and CEO Dr Simon Ward presented and took questions. Watch the full interview here.
Looking forward to Bozi taking a reality check in 2060 whilst Solg are still drilling and spinning their wheels in Ecuador, and frantically trying to cut his holding to less than 2% of his portfolio. And selling at 22.5p.
Bozi... you mention maybe 3 major projects on the go..... what constitutes “on the go” to you... and more pertinently, does “on the go” have any impact on the SP? From where I’m standing, we have exactly zero projects “on the go” for the foreseeable.
Hi again Grim, think you’re perhaps being a wee bit paranoid? No offence intended, but I’ve got no reason to spout BS, mislead anyone, or to unjustifiably talk down this share. You try searching the story.... there’s not a lot of information available, well certainly not easily, because I did just that before posting. Unable to find much, I asked the question on here, hoping that friendly posters would help me out.... which you did. And for which I thanked you. That’s the purpose of this board. Sorry if my tongue in cheek poke at NM offended you, but it was far from contentious given his track record here over the past few years. More measured, and mannerly responses without personal attacks on posters will benefit us all.
Hi Grimbergen, apologies for taking so long to respond I’ve been out. I wasn’t involved in Solg at the time, so my research doesn’t stretch back that far. Wasn’t muck raking, or deramping, just looking for facts. Which you have supplied. Thank you. There was no need to be so rude and abrasive in your response though. It wasn’t called for, and there’s quite enough of that on here..
To partly answer my own question, a quick search shows that NM was able to raise a quick £ 15.1 million by way of a placing on the back of the Fauro assays.... but what became of the gold they allegedly found? Is it still there? Do we still own it? Why has it all gone quiet? Is there an NM pattern of behaviour, or am I being a conspiracy theorist? Anyone know?
Nobody responded to rcgl2 query earlier, so I’ll repeat it in the hope that those around at the time remember (I’ve only been here since 2011 but it feels a lot longer). What happened to all the potential at Fauro, which caused the 80p spike?
DBW I’d be lying if I said my initial response was positive, but over time and on reflection, I suspect it was probably for the best. We were clearly headed in the wrong direction, and cooler minds have been able to steer us back towards more realistic and shorter term goals. Regarding the presentation you mention....definitely. A clear strategy, and path to achieve it backed up by a sound financial roadmap is what’s needed, and sooner rather than later.
Quady in two of your recent posts you’ve said..... “but imagine we announce that we can get an open cut leading to production in two years” which when not challenged, led to “and at PFS we are going to build cheaper and quicker, that could easily bring it under 3 years” Then further... “ a go for gold strategy would bring in revenues close to a billion a year minus costs.” Just a friendly reminder that not a single drill or assay result to date has indicated that we have any near surface mineralisation which would support such a strategy. Yes, the PFS was delayed, again, with the stated goal of finding nearer surface stuff which could support open cut near surface work, but we haven’t found any yet. Which you know. Now it’s ok to dream, and post what you want to happen on here, but when you challenge other (more realistic?) posters when they dispute your theory that we’ll be pulling up gold in two to three years and paying a dividend shortly thereafter, that’s too much. I suspect Addicknt suppositions are far nearer reality than yours.
I do wonder if a lot of posters/investors on here even bother keeping up with the basic risk factors which could impact their investments. Zoros posted a very valid link, directly affecting anyone invested here (albeit in a couple of the more minor concessions) and everyone jumped into fake, incorrect, or old news accusations. That’s today’s news, and Solgold are directly affected.
All looks good to me. Some little bits of previously unseen positivity, no shouting from the rooftops, and a slower cash burn than I had anticipated. I’m very positive about this update. I’ve long since given up on judging how markets react, but there’s nothing in there that’s negative that was not already known. Thumbs up from me.