Member Info for zoros

Sanibel - LSE don't have the staff nor the technology to over-ride a VPN.
It's simply down to the filter button....end of.
Night
Z

The infestor originated from the LSE: Solg BB. He's been changing his IP address for months. Impossible to pin down using LSE capabilities that's for certain. Unless or until the police genuinely get involved (unlikely) it is imperative that you all filter him each and every evening after he has come home from work and had his tea!
Those who prefer NOT to filter him - may I request that you don't respond as we are forced to read your responses.
Filter him each evening with immediate effect and suddenly, the problem genuinely goes away.

Try it....overcome your desire to read his posts and filter the TWUNT.
Z

Crikey - I'm away for a few days and find that we are still doing the perpetual rounds.
The Solg JV or be bought out thesis argued by about half a dozen LTH's.....or the go it alone theory held by one person (maybe two).
The problem with an SP treading water is that it brings this behaviour to the surface more often, I guess as there is nothing else to talk about.
NO-ONE has EVER gone to production alone, without selling their soul........FACT.
Shareholders will get diluted in one form or another, it is in the fabric of the industry.
Be prepared for it and accept it as part of your journey towards rich pickings.
The majors will take their slice, the tax man will take his and we will have the left overs.
In this particular pie......there is plenty to go around.

In the meantime, what are the options to kill time:
1. Sell up and move onto something more exciting?
2. Diversify, keeping an eye on Solg and its progress, ready to buy back in?
3. File and forget?

Everything else is froth.........................
Z

Just saw that.
It seems to have worked here though? Just logged on and he's been removed thankfully.
He'll be back..............
remember the filter button immediately eh?
Have a great weekend guys.

And novochoc - please please try and refrain from insult after insult...time to grow up now and move on eh? You've been watching too much trump lately.
Z

https://shareprices.com/sectors/mining

Z

Don't forget, all - he isn't home from work yet, but he will be and after his tea, will infest the BB again, trying to stop our chats. Please may I ask that you immediately filter him? And those who can't or won't - please don't respond to him as we don't want to read your dialogue with him.
If we all filter him, he will immediately be disarmed and either change his registration - whereupon we do it again...or he'll get bored and go to bed!
He ttrashed the GGP BB last night but miraculously most filtered him and it was business as usual.
Try it....................
Z

unbiased - I think crewtime has gorn! Strange poster tbh?
Hot one minute then ice cold about Solg. All over the place (like his/her SP figures).
Do not adjust your set - everything is back to normal now ;)
Z

Hi Paddy -
The two trains were 'upgraded' in 2013 but only to accomodate the quantity in terms of gold. At the time they weren't contemplating copper. I'm sure I read somewhere that if it was copper ore that was to be processed, then telfer would need further mods which may necessitate a bigger plant.
I was simply thinking along the lines of the AISC figures. Cadia annual results must have been music to NCM's ears with an AISC of what was it: $138...WTF?
Best
Z

Doggy which platform are you trading on?
Z

Doggy, which platform you with?
Z

Hi there.
Your 1850 post from yesterday:

"...Hi zoros,
Telfer would be more than able to handle all the ore from Havieron and more. They can process over 20milion tonnes pa there...."

Now you're saying it might need another processing plant bolted on?

Mmmm?
Z

crewtime - purely for my benefit and as your previous posts blow hot and cold.....
are you in it or agin it? [ramping or deramping].
Z

;)

I have to say though - quite a civilised and thought provoking board today!!!!
Sleep well
Z

See my post @18:29
Z

Bozi - you must have missed the latest Hannam note on 23rd Dec 2020.

The last para:

"...Given the completion of the PFS is likely to be six monthslater than originally envisaged, the DFS and subsequent construction financing process now look set to be progressed 2022-23, in our view. We believe this will pushthe commencement of any major construction work to late 2023-24, to approximately a year later than previously modelled. As such we have also pushed the forecast for first production back by a year,to 2027 from 2026. Given the extended timeline and potential geotechnical complexities,we have inflated our growth capex estimates by ~5% to ~US$2.94bn pre-production and US$7.54bn over the LoM,followingfirst production. Overall,these changes lead to a 17% cut in our NPV estimate for Alpala to US$4.21bn and an 18% cut in our target price to 105p/sh, still ~209% above the current share price...."
Z

Hi Bozi - can't you guess?
He wants to be another "Twiggy" from Fortescue Metals, without a doubt. He wants to retire a billionaire. Problem is, twiggy was 42 when he became CEO of FM and NM is 63.
Two: He has around 14% in Solg (ish), that's why he's protecting the 'small' shareholder. It's his shareholding he's protecting - not the PI's.
Three: He needs expertise and cash to develop each tenement.
Four: Alpala comes online (if he goes solo) no earlier than 2027 onwards. 7 years from now.
Even if some of the others run in parallel (he has already stated that Alpala will be the tenplate), we're looking at a similar trajectory. NM will be 70+ before 1p of income is generated..

I personally believe NM has stumbled across, possibly the biggest PM find in history, anywhere in the world (when asnd if all the proven tenements are added together). He knows this is a growing realisation.
So he has set off 'going it alone' @ Alpala and what have we discovered:
1. His 'plan' to finance it has met with major consternation from the major shareholders. He has now accepted this in his latest interview.
2. His design of the mine has had to be re-drawn due to recent changes to the layout of the resource.
3. His initial 'plan' to form a proper BoD has failed and he has had to re-constitute the whole lot, virtually from scratch, to appease almost everyone involved.
4. His deadlines for virtually all timelines have not been met...not once.
5. He has alienated CGP/NCM/BHP/CFO/PR manager
6. He nearly lost his job last month because of his perceived inability to run a tight ship.

Let's get real here shall we. While he might have been a genius in the exploratory world, he knows FA in the production world.
He needs help (and I mean that kindly) he needs proper experts around him and he needs to recognise that and embrace that. It's happening already. The BoD is sorted. The mining design experts are onboard.
What will happen soon - is a realisation that the whole process needs to speed up and be prioritised (Alpala first or porvenir or Rio, or) and for that to happen, he needs to JV at the very least or quit on a high and sell to the biggest bidder(s).
You've shown us Nick - a miner you are not.

This (Ecuador) is his swan song. The man's too old to go exploring after all of this. He's marked the ecuadorian soil with an "X" and said....this is it guys...
Problem is Nick.........there isn't enough time left to do it all.
How you going to play it?
Z

so I have a genuine question for Bozi and Quades, et al:
When/if Tandayama Americas and or Porvenir and or Rio and or any of the others strike gold/copper. What then?
I have one querstion, too, for NM:

"Nick...be very careful what you wish for"

Z

SolGold's London-listed shares have performed well over the past nine months, surging from less than £0.12 in March 2020 to be more than £0.34 this week, giving the company a market capitalisation of £721 million ($1.27 billion).
Aside from a 70 per cent rally in copper prices, the surge in SolGold shares was helped by encouraging drilling results at SolGold's Porvenir prospect about 600 kilometres south of Cascabel.
''It is way better to find one of these things than to go and buy it and SolGold's massive tenement position provides the company with the ability to do that," said Mr Mather.
Mr Mather said the company would continue to study its multiple prospects in different parts of Ecuador in 2021, but the big focus would be the release of a pre-feasibility study into the Alpala project that attracted BHP and Newcrest in the first place.
Mr Mather said he could not say when the final feasibility study for Alpala would be published, but he had not ruled out completion within 12 months.
'We are working as hard as we can to deliver it as quickly as possible and we are aiming to be in a position to deliver it in 2021, but I am not going to guarantee it,'' he said.

---end---
Z

SolGold has the option to borrow a further $US50 million from Franco before January 11, under a deal that would give the lender a 1.5 per cent royalty over SolGold's net revenues from Cascabel.
Mr Mather defended the loan decision in July on the basis he did not want big shareholders to creep toward control of the company without paying a takeover premium by gradually diluting those with less financial firepower.
The 44.7 per cent vote against Mr Mather on December 17 highlights how close BHP, Newcrest and other disenfranchised SolGold shareholders came to seizing a kind of unofficial, collective control of the company.
SolGold lists Mr Mather's stake in SolGold at 5.35 per cent, but he is also managing director and a substantial shareholder of ASX-listed DGR Global, which owns 9.8 per cent of SolGold.
While Mr Mather prevailed, the SolGold board had to make concessions, withdrawing two resolutions from the December meeting that sought to give the board power to issue new shares without offering existing shareholders the right to purchase their pro-rata allotment.
Reflecting on the funding stoush, Mr Mather said it was clear that taking on the Franco debt had annoyed BHP and Newcrest and he wanted to avoid such tensions in future.
''Obviously it upset BHP and Newcrest and we regret that and we will be taking steps to ensure that upset does not happen again,'' he said.
''It is not good and we recognise we have two major shareholders as disenfranchised as BHP and Newcrest felt they were, and we don't want them to feel that way and we will be taking steps to try and make sure that situation does not perpetuate''.
Mr Mather declined to go into precise detail as to how he planned to repair the relationship with BHP and Newcrest, but pointed to several recent initiatives, including ''the steps we have taken to make the board much, much more independent and populated with individuals with a lot more expertise and experience in mine building''.
The comments appear to be a reference to the elevation to the SolGold board of former BHP mining engineer Kevin O'Kane, former Rio Tinto mining engineer Keith Marshall and former BP social performance executive Elodie Grant Goodey.
"I don't want to get drawn on debates about what was in whose interests and who is right and who is wrong, suffice to say that a more consultative, collaborative approach to designing outcomes will probably result in fewer differences of opinion going forward," said Mr Mather.
"There is no point spending your life blueing when the task is to raise several billion dollars to build a mine. Yes, we have to look after the ultimate commercial outcomes for all shareholders, and that means exploring openly what various alternatives might be''.