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Tony stating plant commissioning in March/April on Twitter. Great work by the team in the end. Excited to see the first product rolling out.
From FNV press release
BEGINS
The Corporation today entered into an agreement with SolGold PLC (“SolGold”) to acquire a 1% net smelter royalty
(“NSR”) with reference to all minerals produced from the Alpala copper-gold project in northern Ecuador for $100 million.
The Alpala project is owned by Exploraciones Novomining SA, which is held 85% by SolGold and 15% by Cornerstone
Capital Resources Inc. The NSR will cover the 4,979 hectare Cascabel concession and closing of the acquisition is
subject to on-site confirmatory due diligence which will be completed once COVID-19 travel restrictions are lifted. In the
interim, the Corporation has agreed to provide SolGold with a bridge loan of $15 million for a period of up to 8 months.
ENDS
they can use the FNV money across the whole cascabel concession.
muted response so far..
I'm expecting the news flow to start in the next month or so that will start to see the SP materially shift.
In Q1-3 there is a stream that will start to show the commercialisation:
- FDA feedback on labelling and Hatch Waxman
- commercial partnering
- pricing
- extended applications of tech
- new research agreements
- research publications from existing partners e.g. long covid.
.... and then FDA in Q4
Thumbs are not being twiddled!
Total found it enough removed 3,000 of its workers from its LNG development in Cabo Delgado the other day.
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/010521-frances-total-removes-staff-at-mozambique-lng-as-insurgency-closes-in
Sometimes you just have to admit you got it wrong. Impatience often makes patients, one day I'll learn!
I'm out today guys after a while of top slicing, needed to free up some cash. Unfortunately KMR came out bottom on my risk/reward in the short-mid. Insurgency in Cabo Delgado and Gov inability to control it also giving me a slight concern. Best of luck all
170 seen
my first investment here this morn - I usually have the opposite immediate effect?!
Looks a sell to me, on the bid and a bit of time to fill. Either way, well-done on reaching a target to offload/derisk - its your prerogative. For me, this has way more legs..
I'm trying to buy through HSBC but with no joy. Am I missing something here, all recent trades are listed as off-book?
Its also being broadcast on facebook live. "thebusinessyear"
Unless the Minister wants to announce the funding they love to be a bringer of good news.. Fantasy aside, for me I want to hear more from the Ecuadorians on how keen they are to exploit this crazy great resource that we have our hands over. What does this opportunity present for Ecuador and how willing are the Gov to support as needed. For me, IMO, either an RNS before as the TSX opens or tomorrow morn.
Should be an interesting Webinar. As much as I love listening to NM, I'm actually really interested to hear from the Minister of Energy and Non-Renewable Natural Resources. Should give us a good insight on the political capital being pumped into the mining sector and how much they need it to succeed.
FYI registration for a digital round table w/ our own NM. Topic is "The Role of Mining in Ecuador's Economic Reactivation"
https://us02web.zoom.us/webinar/register/3915882610601/WN_HsC813eVRySIZuAJ5-WyVQ
Can be found on the SolGold LinkedIn page
Looks that way, going bullish, really going to test the 30p resistance sooner than later.
Given how vital this tech might prove in Covid treatment and R&D there's always a chance the Pre-NDA might be accompanied by an RNS of a fast track or similar.
IMO
Hopefully we get a shorter body and the confirmation on Monday!
You know it’s a bank holiday today in SA.. so probably restarting Monday. Perhaps then, when management aren’t on holidays, we might see a confirming RNS. This is a long game, fluctuations are fine as the long is only up.
yup, expecting a spike over the next few weeks on the back of speculation. However this is for the long game.
Good spot. There is a lot of buy pressure at the moment, with each buy its pushing the SP a considerable amount. Exciting times!
GLA