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Godber - I don't normally comment adversely on naive comments on this forum but I'm struggling to understand why you can't be bothered to understand the mechanics behind GGP if you're a shareholder??
Irrespective - here's basic fact finding data on Five Diggers:
https://www.share-talk.com/greatland-gold-plc-aimggp-update-on-havieron-consideration/
Please dyor instead of expecting others to do it for you.
So frustrating at times.......
Z
Quades - I was being sarky! Of course solg aren't going to turn to their geologists/managers/marketing/admin/cleaners - to ask them to bring a shovel to work tomorrow. Of course they will hire in the hundreds of workers that build a mine and of course this will be paid for by the $3,000,000,000 (minus the $75m royalties to the government) that solg will borrow.
But let me make this VERY clear Quades: There is NO WAY on GOD's earth that there will be any mining (construction or otherwise) @ Alpala this side of christmas (even, dare I say it - next christmas)!
Let's stick to 2026+ shall we with a joint partner or with someone else totally disassociated with solg altogether.
Let's stay sensible shall we?
Z
And bless the lord i sayeth unto you, Sean.
What's come over you??
Quades, genuine question for you:
How does solg go mining within the next 5 months with only 200 staff and approx $2.9Bn short of the money needed to proceed?
Z
Latest (verbatim) on expiry period for options:
From respected poster on advfn (Telbap):
"....In respect of any expiring options, GGP will not seek to extend option periods. That said, my understanding is in the UK it is standard to include a clause which provides for an option which expires during a trading blackout period to still be exercised at the first available period at the conclusion of that blackout period.”
Shaun in response to my query re the above.
So now all you numpties take a breath and let’s see what happens after the closed period..."
Z
Exactly TT: The news is building - land the time line shortening.....ike the pressure in a bottle of fine fizz!
So much to expect over the coming months:
25/07/23. NCM June Quarterly results.
07/23. Five Diggers 139m share lock in ends.
07/08/23. Diggers and Dealers Mining Forum presentation.
Q3/23. Scallywag and Juri results.
Q3/23. F.S. Followed by Decision to mine. [Dependent on Newmont outcome].
Q3/23. GGP ASX.
03/08/23. GGP Update [6–8 weekly updates].
11/08/23. NCM Annual Results. NCM MRE(2)?
26/09/23. GGP Update [6–8 weekly updates].
26/10/23. NCM September Quarterly results.
Q4/23. Exploration decline and ventilation shafts complete.
We've (mostly) been patient - some of us for several years! But all being well, between now and the end of the year should see some tangible and positive results.
To keep it in perspective - it's only been 3 years from concept to construction of the mine. That is 'warp' speed even by klingon definition!
It is a blessing that those of us who have been loyal to GGP might now reap our just rewards.
I'm sure there are still some bumps in the road but 'heads down' for a little longer, eh?
Best
Z
Another piece to the jigsaw. But the piece future prospective buyers will be interested in - is the attitude that the new government adopts post August and then in 2025.
These agreements aren't worth the paper they're written on - if the new government renege on it all. And for those who think we have international rights for compensation: (a) it could take decades to resolve and (b) compensation would'nt trickle down to the likes of you and me.
I don't think the coast is clear until the new government declares their (mining) position.
I'm guessing - end of the year maybe?
Z
Hi Bellers - hope you are well.
I'm not trying to stimulate heated debate about consolidation except to say I will be shocked if we don't. What I am intimating is that the forum might need to start thinking about the SP in terms of say the SP being 70p now or perhaps £1.40 instead of 14p and so on. [Post ASX].
Be prepared that's all.
Best
Z
It might be time to consider the SP in terms of its advertised value - post ASX listing (post consolidation). Quotes such as: 33p or 88p or such, will become irrelevant if/when we consolidate. And consolidate we will, for sure with an advertised 6.03 billion shares in issue by the time we start FCF in 2024.
Just a thought.
Z
A deep sense of desperation in your comms with SD, Tig.
Investing appears not to be for you. Each to their own, I guess.
I would however, have hoped for the opportunity to agree/disagree with your agony before grouping us all as one.
It's darkest just before the dawn - distract yourself, your journey is almost over.
Z
Https://ax.legal/2023/03/21/ecuador-mining-2023-country-update/
https://www.bloomberg.com/news/articles/2023-05-19/ecuador-presidential-candidate-says-he-d-honor-legitimate-debt
7 weeks and counting.
Z
Of course you did RK, don't forget your wife's purchase too.
Back to reality:
There is no denying this resource is one of the best in the world top ten over the last 20+ years. I see atleast two MAJOR barriers that need to be overcome for a prospective buyer (because there is no way on earth that Solg can start mining @ Cascabel anytime soon least of all in 6 months time (pmsl)).
1st: The resource is an awkward shape and it requires considerable enginering expertise to mine it efficiently. This means it is going to be expensive to resolve.
2nd: The new government sitting in the wings could delay/cancel all that was previously agreed between Lasso and the mining fraternity.
Who in their right mind would act now to buy out ENSA atleast until the new government show positive intent to mine and then the new owner having to front up billions to mine the resource?
This is going to be a very slow burner for countless months to run.......................
[Our only hope is if the chinese are so embedded (and busy in the background) in the Ecuadorian government (new and old), that they can call in favours allowing them to crack on with Alpala].
Can't see anything happening this side of 2023.
Z
Sean-for the 'tape', I have always appreciated your posts but I am at a loss to understand your 'liking' for SLUG.
On ADVFN - you often 'big him up':
"...We've had our differences down the years Slug but to be honest I can't point to anyone who has been more right in their predictions regarding SOLG since 2016. If you are right we will both be soon parting ways, and this company will be sold, but it will always be an absolute crime that you were exiled to here while Quady was allowed to repeat endlessly his "going into production" and "strategic review" crap over and over and over on the other channel while you got banned.
I can't think of anyone I'd rather have a pint with mate, I mean that...."
But on here you complain about him.
Confused.com.
Z