Member Info for ToS1963

Have to disagree with you FSA15. All depends on what price you are in at, and what you believe the long term prospects of the company are. I remain very content with my holding here, and am awaiting the prospectus, further news and results with keen interest.

Should have added they can use the $6 billion they got in damages from Pakistan.

If it’s 200/1 bar, I’ll have £5 on Barrick/Anto JV.

By far my favoured option would be selling Alpala and Solg remaining as an explorer owning the other regionals. I know from this board that that may not be the most tax efficient option.... so a JV with BHP whereby they do the mine building and producing, whilst allowing NM and co to do what they do best. That would be perfect. Might as well dream.

SenorToro perhaps a logical, sane person who has made over 50% return in a month and wishes to desrisk their position?

Quick question.... genuinely meant..... if we are solely intent on going to production, what’s the perceived benefit of diverting time, effort, and much needed cash drilling the other locations at this point in time? Wouldn’t we be better reserving those resources for the massive job ahead? It just seems to me that we are saying one thing and doing another.

Hi all.... warning. 100% speculation coming up........ I have never seen ANTO suggested as a bidder on this board, and am puzzled why not. They are the largest copper producer in South America. They have other tie ins with Barrick. They are largely family owned, and are processing in ever diminishing resources. Chile Ecuador relations are good, including a very recently signed trade agreement... yesterday. Anto have to be looking to either wind up their company in the next 20 years.... or find/buy new sites.
For transparency.... I am a very long term holder in ANTO and a long term holder in Solg. I just see Solg as the Ecuadorean equivalent of ANTO in the 90s. Thoughts?

Interesting but hardly surprising NCM not selling. However I don’t necessarily read into it that therefore they must be lining up a bid. Although I’m not ruling it out.
I’m not selling either but I’m not lining up a bid for everyone else’s shares (joke).
RBC probably spent about 2 hours looking into it and said you’d be mad to sell at these prices. Your stake is worth multiple times what you would get. And then charged them millions in consultancy fees for the privilege. NCM could have saved themselves a fortune by hiring me.

Yes, small news, but green shoots of progress. I expect a lot of information from this years annual report. Not new drilling info.... that I expect reasonably regularly between now and October, but a lot more detail in the corporate strategy section. My sincere hope is that the news flow if well received, and gradually raises the SP, making the CGP offer more attractive whilst reducing the risk to a low value offer succeeding. It’s a small but decent first step today I would say.
Like others though, I misunderstood the “one man rig” phrase initially. Thought the rest of the crew might have been busy building houses for the locals!

Ooooooh I do like a strong bullish candlestick. Matron.

I don’t want to sound preachy, but I get concerned when I hear phrases like “I’m all in.....”. Hopefully just an inappropriate use of that phrase, because you never, ever want to find yourself all in on one share.
Boo was way oversold in my opinion, and I too am in at what I regard a very bargain price here. I also believe it has quite a bit further to go, so am holding, probably until after September 30th. But to be all in on 1 share is madness. Especially in the current climate.

Colonel... agree with all that.

Have added some more on this dip. My average is low anyway, and I had been considering increasing here, so this seemed like an ideal opportunity, with no news based reason I could see for the drop.

BNC lol.... practising for the mine.

Everlong50.... yes, but if you compare the March presentation to the June one, the handover to production milestone.... which was over 5 years away... slipped by over 6 months.
I too have worked on some large scale projects. Granted, not construction. However, slipping a key milestone that sits over 5 years away by 6 months is not a great indication that things are on track. Nor is it a good indication that project management believe any present day slippage can be recouped.... I.e. it tells an experienced eye that the project plan is a very tight / best case scenario one.

Points taken Miagi.... however Solg latest presentation, on the website, from July slide 25 has handover to operations milestone after Q4 2025.... so over 5 years from now. But yes, 8 was still my own spin on it.

Miagi yep, I know, and perhaps a bit naughty. But my 8 year belief is based on several factors

Solgold almost never meet a deadline
Construction projects on this scale always overrun
Both Solgold and Ecuador are pretty new to this
Covid will already be delaying things

And the stated timeframe (July corporate presentation slide 25) is to a handing over to production milestone. You’ve still to start digging and processing before you realise any income.

Smickster..... now that’s just rude. However, in the spirit of healthy debate for the forum, and to answer your points in my opinion only though.....
I am comfortable with my investment
I think Solgold has a great future as an explorer, unsure regarding potential as a miner
Resource at Alpala is spectacularly good... others to be proven, but great potential
If we don’t or won’t sell anything, we will face significant future dilution in the coming years
I think a minimum of 8 years before any mine is producing.

Cliche I hate, but DYOR.

Quady... agree with the first part, although I am concerned about the 12% rate of the small bridging loan, seems penal to me. However, debt is debt, and whilst there’s no way to build a mine without it, there is also no guarantees Cu and Au prices will service it quite as readily once we get to production. But yes, NM has specifically indicated he wants to minimise dilution.
The second part.... I think history of this share shows us that £1 is a bit ambitious. I don’t see us surpassing 40-45p, and dilution will be required more than once I suspect, each time resetting the SP.
Add in to that the risks of delays and cost overruns on the mine build in the same timeframe, you see where “glass half empty” ToS is coming from. I would like to see some of those risks clearly stated, better still documented in the annual report, and what the mitigation strategies are.

Anyone going along to either of these and fancies asking some cheeky Solgold specific questions?

The 2020 AGM of BHP Group Plc will be held in London on Thursday 15 October 2020 at 9.30am (London time). BHP is closely monitoring the ongoing impact of the COVID-19 pandemic, and developments in UK regulation in relation to how AGMs may be held during this period.

In addition, a virtual forum for BHP Group Plc shareholders will be held on Wednesday 23 September 2020 at 10.30am, with presentations by the Board Chair and the CEO and the opportunity for shareholders to ask questions via technology. BHP Group Plc shareholders are also invited to attend and ask questions at BHP Group Limited's virtual AGM.