Member Info for zoros

Great video - thanks.
Interesting that he touches on why the PM and Bm markets have retraced recently in that the whole market has reset since last August and soon (very soon he says - like next month) we will see the pm/bm markets catch up and enter their bull market. Several on here have commented that it's all about the markets fiddling with the SP....there is always some of this gpoing on but the overwhelming reason for companies like GGP et al, lagging in the doldrums for several months now is that the market in general has reset. Expect blue skies next month then!

Bamps - I appreciate your expertise in the geology sector - it props us all up when morale dips....but please please be very careful commenting on Middelkoops due dilligence! I suspect he has more market knowledge in his little finger than you do in your whole life....
Respectfully yours
Z

Hi Jet. Only $2000 is going to each household I believe (not person). $600 already sent via Trump in December.
The rest will be frittered away and absorbed by banks and loan sharks to recycle thru the community via aggressive loaning at inflated rates.
More money available means more dilution of the dollar. People have more so businesses can charge more for the same goods....watch.
Welcome to the latest instalment of FIAT.
https://www.sprottmoney.com/blog/the-great-fiat-money-experiment-helicopter-money-goes-global-nathan-mcdonald-april-9-2020
Z

I'm assuming the cost of building Alpala via a block cave process, is proving to be prohibitively expensive, atleast when it comes to attracting funding to build it.
The cheaper alternative however, might be something like this:
https://desdemonadespair.net/2010/04/open-pit-mine-devours-peru-town.html
And somehow, I can't see Ecuador falling for this, in the current climate.
Solg has its work cut out.........it needs a professional, experienced and knowledgeable miner to provide the solution......................

Z

Qualibashi - see my 16:39 and 16:49.
Z

Paddy - just for you me old:

NCM half yearly results: 11th February.
Scally Assays (Pt 2): Spring 2021.
GDXJ quarterly review: 12th March.
Rig at Parlay in March.
Rig at Paterson Range East in April.
NCM March quarterly results: 29th April 2021.
Completion of Box Cut by Spring.
Decline commences….Summer 2021.
Late summer possible admission to GDX?
Havieron PFS late 2021.
Production from decline 2022.
Full production est. 2024.

Bonsoir

Z

Phew - just finished ten zillion posts over on solg.
Good to pop over here and see some 'blue sky', mmmmm.
LTH in both.
Today solgers saw the final demise of a person who was held in such high esteem by PI's, after all these years at the top. After years in the 'final stages' of completion...the PFS needs a total re-write wrt the design of the mine due to a long list of inadequacies.

Lessons being learnt, as we speak:
1. Never ever trust a CEO. Only ever trust the fundamentals.
2. Stick to your day job (an explorer - explortes and a miner mines!) - JV early.
3. Never ever 'diss' another stock.......we're all in it together.

The fundamentals @ Solg are 'rock' solid....it's just cost everyone another year of their lives!

Steady as she goes GGP.........
Z

Novice - I see we're "up" today eh (heh heh). Remember that post earlier.
You think the brokers are bedwetters, eh?
Z

Over on the CGP BB:

It was suggested by a poster, that:
"... The CEO reports to the Board. Period, full stop. If a CEO has a narcissistic personality like Mather clearly has, or any other serious character flaws that create risks for the company and its shareholders, then despite his or her other talents it’s the Board’s job to recognize that and address it. The Board obviously did not do that here until too late and therefore they expressly or tacitly endorsed Mather’s behavior and actions. Just like there’s never only one ****roach, when it comes to governance it’s never just the CEO..."

and Warren Irwin replied:
"...Thanks for your lecture, but when a CEO stacks the board with his cronies it is a different story. That is why is why the large shareholders moved to make the board more independent...."

the response was........

"... Mather isn’t Chairman of the Board. If stacking of cronies took place, which I’m sure it did, it had to be approved by the Board beginning with the Chairman. Not a lecture, just a fact. And good for the large shareholders for applying some long overdue pressure towards greater independence and accountability..."

Z

.......................Given the high-grade core to Alpala, it is entirely understandable that the Project Committee is reviewing the optimal scale, required financing profile and ways to extract the higher grade material early in the project life.

Conclusion: We endorse Solgold’s decision to extend the timetable to deliver the Alpala PFS and, although some observers will be disappointed at the deferral of the original delivery date, we believe that it provides the company the opportunity to develop a project which can be more robust technically and financially and which avoids continuing long-term operational bottlenecks. We look forward to the PFS later in the year...................

ENDS

Z

5th Feb 2021.
SolGold* (LON:SOLG) 23p, Mkt Cap £563m – Progress of the Alpala PFS

SolGold has clarified the progress of its pre-feasibility study (PFS) on the Alpala copper/gold project in Ecuador and now indicates that “publication of a PFS is not expected until late 2021”.
The company explains that its Project Committee, chaired by non-executive director, Keith Marshall whose mining career of over 40 years includes managing the transition to block-caving at Palabora for Rio Tinto , has recommended that “it would be advisable to consider adjusting the current draft mine development plan and the draft mine production plan to de-risk the project with a view to facilitating the expeditious development and optimised capital requirements”.

In our opinion, Solgold is prudent to harness the extensive and detailed technical and operational expertise of its recently strengthened board to examine every aspect of the Alpala development thoroughly before irrevocably committing to a development plan. Block-caving can be a relatively unforgiving mining method and with a potential mine life in excess of 50 years additional assessments to get the right plan at this stage may help avoid long term operational difficulties and help to deliver a technically and financially robust solution for the entire mine life.

The May 2019 PEA for Alpala envisaged production rates in the range 40-60mtpa which would make Alpala among the largest, and possibly most complex, block caving operations in the world. For example, Rio Tinto’s Oyu Tolgoi Lift 1 cave at the Hugo North deposit in Mongolia envisages production of only at around 33mtpa served by 5 shafts extending to depths of 1300m..............
(cont'd)

Z

5th Feb 2021.
SolGold
PFS delay to allow further optimisations
SolGold has announced a further delay in the release of its Alpala Pre-feasibility Study to the end of 2021. This decision was taken on the direction of the Project Committee, chaired by NED and incoming acting CEO Keith Marshall,to allow the SolGold team to incorporate additional data and fully assess options to optimise the project, both in terms of economic outcomes and technical risks. Having been delayed from Q3’20 due to Covid-19, we had been expecting the Alpala PFS to be released around the end of Q1’21. However, SolGold had already communicated that the PFS would be followed by a second “Updated PFS” incorporating additional results from geotechnical drilling, amongst other items. In this context, we believe the decision to allow time to complete a more robust, optimised study, rather than release a suboptimal PFS in the near term, is both prudent and, in the longer-term, positive.

Adjusting for potential dilution from outstanding warrants/options, this translates to a target price of 105p/share, 362% above the current share price.

END

Z

Was the last stand for NM. Looking back, BHP/NCM must have seen the way this was going. They must have looked over the mine plans and other aspects of the project and realised they were staring into an abyss. They then co-ordinated an attack on Nm together with CGP probably....to remove the dud.
Now there is an 'expert' in charge who has seen it been it, done it before and is restructuring the whole build from the ground up.
I feel for those who thought NM was God, who stayed loyal to him, who invested simply because of who he was. Yet again we learn that CEO's are not the reason for investing. Fundamnetals are - and as has been said many times before - these haven't changed (in fact they continue to increase in volume as regional results percolate through.
Solg will be purged as a result of this. Hopefully the coup de grâce will be short and swift and a professional will take over.
Many many moons ago...I quoted 50p as the sale point for this company. NM's arrogance has now made this almost certain.
Z

IF it's manipulation, it is on a massive scale across the globe:
https://shareprices.com/sectors/mining
Or perhaps we remain in a retrace which is weeks old now but persists.
Major icons of the industry keep commenting that the PM and BM miners are taking a bit of a hiding since christmas.
"This too, shall pass".
Z

RK I said workers....read before you comment
Z

RICH3r/Bozi - In response to your concerns about my loyalty to this stock.....I have never waivered since I joined in 1734, I believe.
This 'find' and future associated and related finds that Solg will probably uncover in Ecuador...has the makings of a once in a lifetime discovery (provided the geopolitical will remains in favour of course). Those who joined at or close to those early days and who stay the distance will become very very wealthy individuals, of that I have no doubt.
I have never ever had any doubt about the endgame (production @ Alpala).
What has changed for me, is that I feel that NM lost his way - got distracted - thought he knew better. The Cadastre/tenements have become too cumbersome for someone of his stature.
He's built an army of workers (700+) and yet we haven't dug one 'sod' of soil, he's "diversified" his financial portfolio (accepting interests from all avenues), so that there are now too many 'interested parties' in the frame. He's drilling left right and centre (when the hub of his activities - Alpala gets sidelined). And to cap it all.....the silly sod goes and gets himself voluntarily sacked!
For well before covid - months and months before...this stock was treading water. It was borderline festering. Last year (Oct) there was a glimmer of hope when we 'rose from the ashes' and hit 40+ a figure previously reached in may of 2018 FFS!
And to support this, there was a flurry of news/podcasts/webinars from Nm which stimulated "volume".....markets like volume.......
Now we are back to festering again with little or nothing on the horizon...except a glimmer of hope in some posts that there could be a takeover/JV imminent.....yeah, right....Zzzzzzzz.

So - as much as I had wished to see the end game (which has been pushed back again to 2027 now), I need to get out and with a little skin in the game if possible. There is much more going on at a more exciting pace.
Feck knows why I hang in there.....probably just to wind Novochoc up! Probably 'cos I genuinely believe this is such a unique find and I want to be there when the champagne flows!
But at the end of the day...time IS more valuable than money for me....and the clock is ticking.
So I will continue to promote Solg (because it is a great find) and I will continue to plan to leave this paint manufacturer as soon as I see an escape route.
GL to the faithful - you will be rewarded handsomely.
Z

To put things in perspective so we retain some semblance of balance, a little reminder that over the last 9 months, GH also sold over 5 million of his shares too.......
Z

Those who have heard of him will know that he is probably one of the best (if not THE best) when it comes to Gold and Copper. He founded FNV, who (for the uninitiated) injected some serious dosh into Solg a while back for royalty streaming rights.
The links at the end of this post take you to his latest audio on the subject, together with a transcript of what he says (for the impatient!).
Two things shine through:
1. PL has hedged his bets with Solg - in that he doesn't care whether they go it alone or JV.....he will reap the rewards of his royalty streaming deal. Clever. [That is why BHP/NCM hate that arrangement - as they will inherit this arrangement if they JV with Solg].
2. PL comments that of the 3000 junior mining businesses out there - only three or so will hit it big time!!! And PL has targeted Solg FFS!
Copper is the future as far as he is concerned....more so than Gold ever will be...

For me someone like this who has invested in Solg....carries a lot of kudos He serves to remind me that what Solg has......is unique.

What could cause his deal to turn sour of course....is if Solg is bought out completely. I assume his royalty deal is with Solg and is not attached to ENSA in any way??
A buy out could nullify the royalty deal perhaps??

audio:
https://soundcloud.com/miningstockeducation/billionaire-pierre-lassonde-on-silversqueeze-gold-mining-business-advice-for-speculators

Transcript:
https://www.miningstockeducation.com/2021/02/billionaire-pierre-lassonde-on-silversqueeze-gold-mining-business-advice-for-speculators/

While you (like me) continue to watch the paint dry.......have a listen/read.....fascinating and a decent 'fillip' at times like these.
Z

bkir - only recently did MF 'diss' GGP (yesterday I think).
It is worth remembering that for every report one of their freelance journalists make - they get paid...be it good or bad news. MF has a dreadful reputation overall because they contradict themselves virtually on a daily basis.
Though this 'clip' you spotted is a pleasant read....it...like all their other contributions are entirely worthless.
Thanks for highlighting it anyway.
Best
Z

crewtime - sell for 45p......how dare you!
50p .........yes, of course I would ;)
Z

Antipa - lousy grades.......unfortunately.
Z