Member Info for zoros

Clever Mushroom...good logic ;).
I do wonder about this 'trading' company (no names) I continue to spot increasing concern over their financial accounting. Saw a video yesterday from a poster on here which gives cause for concern. In addition any trading platform that lends out shares for trading.......surely a moral concern no?
I guess everything will be fine..................provided your total fund is below £85k ;) ;)
Z

Oh....24 assay results incoming soonest.
Z

10/11/21. NCM AGM.
26/11/21. Firetower/Warrentinna mining rights expire.
09/12/21. NCM Interim report.
12/21. Option period to buy 5% commences (deadline: 12/22).
12/21. GDXJ quarterly rebalance..
12/21. Option for NCM to take over management @ Juri JV.
H2/21. Drilling programme commences – Rudall.

Z

RCGL2 - you've touched on the sweet spot there! You are quite right with everything you have said regarding getting out Vs staying for a better price. In normal circumstances a normal investor would have followed your suggestions. I'm not normal, you won't be surprised to hear! (Same with others!).
I bought into this stock with these intentions and of course ideally to grow my investment rapidly and get out quick(ish). I entered Solg 'cold', ie: no emotion other than make a buck and move on. I am in a position where my investment here is 'not a lot of money'. I don't wish that to come across as blasé , seriously. I parked it in what at the time seemed an exciting stock and forgot about it. Then the forum sucked me in and I became emotionally attached to the 'journey'. And that is why I am where I am today:
But now, I am fed up with the whole thing. The company has lost its way, the forum is overwhelmed by long term bitter and twisted individuals and the SP is in the weeds.
Time to move on and (within reason) anything reasonable above my 26p average would satisfy my conscience, I guess. So a round figure of 40p seemed right (no logic behind that figure).
I can then look myself in the mirror and say...ah well, you win some, lose some but atleast I am out of Solg reasonably intact....lesson learnt. 10p over my average makes me around about £50k after 8 yrs.....ah well.

In summary.....I have lost the will to live over this stock....much more exciting elsewhere, where progress really is happening and at speed but I'm not allowed to mention GGP on this forum!
Now that is where the action is.....

We all have our reasons for 'hanging in there'. Most desperately need profit and lots of it. I just need to bail soonest with something mediocre to show for it.

If I stay, one of the following will happen:
a) Solg will flop c ock along forever and a day.
b) We will get diluted to kingdom come.
c) Ecuador could become another Peru/Chile.
d) The DFS could light a fire under Solg and the stock will errupt.

Do I feel lucky........not anymore with this company.

I wish you well and hope your plans work out.

Z

Hi Lunchmoney. What makes you think the DFS is 6 to 12 months away. Their last mention of the DFS was Q1/22?
Secondly, even if there was a premium on the buy out of 70%, that would still only make the price: 45p.......and how many companies get bought out for a premium that big? It is usually 40, 50, 60%.
The good news is that a bid story is now doing the rounds. Maybe some of it will stick?
Z

CD - you are a breath of fresh air. Excellent post. Let's hope the buy out is swift. But I suspect we will have to wait until after the PFS, possibly the FS?
Z

;)

Z

anon3...Ok maybe 50% then ;)
I need to dump this share ASAP.
8 years down and atleast another 7 years for Alpala. Maybe 4 for Tandy.

Quady, message from Fawzi...ermmm your support for the BoD has been rejected. Sorry bud.
Z

Why is anyone questioning this now? It was discussed and resolved many many days ago.
It's in black and white and has been for some time.
https://www.newcrest.com/sites/default/files/2021-10/211012_Havieron%20PFS%20Stage%201%20%E2%80%93%20Market%20release%20.pdf

Z

Hi Tallchap - I suspect you have been away from the board for some considerable time having not read the PFS?
Sandeep team authored the PFS (obviously) because:
a) they own 70% of the Hav JV.
b) They are the Hav managers and
c) They say this on page 2:

"....The Project is operated by Newcrest under a Joint Venture Agreement with Greatland Gold plc (Greatland Gold).
Completion of this Pre-Feasibility Study triggers Newcrest’s entitlement to an additional 10% interest in the Joint
Venture for a cumulative 70% Joint Venture interest. Newcrest has an option to acquire an additional 5% Joint
Venture interest for fair market value, exercisable during the 12 months from 12 December 2021...."

Quite unequivocal. Everything to do with the Hav JV falls under this remit.

Z

Tallchap - read the latest quarterly from NCM.
Best
Z

"...Ultimately, if a party wants control or to significantly influence the development of your Company, the party should put forward an offer that results in all Shareholders benefitting from a premium that reflects the value of achieving control or heightened influence...."

C'mon BHP follow thru with the final blow. Put this lame duck out of its misery as it goes round and round aimlessly.

I will vote half a million times for a minimum of a 40% premium.....
Z

Bamps has gone on a mining holiday for a while.
VS.

I also think Hydro is teasing LSE big time and they might just have a pop at him again at this rate.....
What a state we find ourselves in, eh?
Roll on Jan/Feb.
Z

Stillbemused - try this for starters:

https://mobile.twitter.com/Robbiebobby1/status/1413167025644580869

Not a scientific instrument but I challenge anyone to show me a better model at this stage in the game.

Z

C'mon guys......so many naive posters this morning (still) coming out of the woodwork. If you invest in anything, surely you deploy some due dilligence - no? This bb has been running for years now and STILL we are getting irate posters demanding an SP rise on RNS.s like this.
As has just been said - the initial overview looks promising.......the end!
Why would anyone in the Markets make a move on a tiddler like GGP (who?) over news like this?
I know some of you are frustrated but please try to show a modicum of intelligent forethought about YOUR investment before posting or don't post.
I say again for the umpteenth time, stock only moves on the following:
A good MMRE
Future good MRE's.
PFS.
DFS
Bid.
JV.
Production
BIG news.
and of course, that ever present dark force: sentiment.

We have 7 weeks left before the markets close for 2021. In that time the only reasonable news we will (hopefully) be getting are some or all of the 24 assays (outstanding). The SP will twitch for a day or so but settle back down again thereafter.
We gotta wait for the MRE(2)(Inferred) in Q1/22 now.

Patience is a virtue...................deploy it or don't post!

Z

2021. 29000m Cascabel resource definition drilling. (Tandayama / Aguinaga).
07/21. Smelters from Sweden/Germany/Korea/Japan interested in offtake agreements for
Alpala concentrate.
08/21. Varela (Rio Amarillo) 12km drilling programme. 1 rig in situ.
08/21. Sharug project 3000m drilling commenced. 6 hole drill programme.
2021. Porvenir (Cacharposa), holes 14 – 16 assays pending. 3 drills turning.
2021. Blanca (Cerro Quiroz). 3000m extended drill programme. (3rd visit to site).
2021. Blanca (Cielito). Assay results holes 1, 2 and 4 completed.
2021. Chillanes. Stream sediment sampling has produced the highest Cu results from any
Solg project in Ecuador.
2021. Timbara. Continued mapping and sampling.
Q3/21. Celen project. 3000m drilling commences.
11/21. Rio Amarillo assays due.
11/21. M D and A and Quarterly financial report.
Q4/21. Alpala PFS. (Tandayama not included).
Q4/21. La Hueca. Further drilling commences.
12/21. Porvenir (Cacharposa) MMRE.
Q1/22. DFS.
2022. Sinking of ventilation shafts @ Alpala. (3yr completion period).
2024. Renewal of Cadastre lease agreements on various tenements.
2026. Possible production from Open Pit mining @ Tandayama.
2026. Possible production from Open Pit Mining @ Alpala.
2030. Alpala full production from Block Cave mining.
2084. Alpala mine end of life.

Subject to endless change as Solg dither in perpetuity.....Zzzzzzzzzzzzzzz

Z

Further meat added to the Roadmap. I have shown this before but people come and go and may not have seen this yet.... More importantly, the SP is going to flop c o ck around this level now for the rest of 2021 (even after the 24 assays pending are out), so see this post as a fillip for the future, so to speak.....

In a nutshell, 1.7% of the current results to date, have now been "proven". And we have yet to find the limits of this Mother - of - all -Lodes. Let this sink in for a few minutes.

Havieron PFS and beyond:
The PFS covered 53Mt of ore resource identified in the MMRE(inferred)(10.12.20).
This accounts for approximately 6% of the SE Crescent / N Breccia resourced during the MMRE (Current mother lode size: approx 900Mt).
28% of the MRE(inferred) is now uplifted to MRE(indicated): 2MozAuEq.
To date 1.7% of the SE Crescent / N Breccia now ‘indicates’ 2MozAuEq.
And all of that is from the SE crescent only.
In Q1/22 a MRE2(inferred) will be published. This will update (not upgrade) the remaining 72% of the original MMRE from additional infilling and additional growth drilling figures.

But before you attempt to interpolate; a reminder that the best grades have been offered up for publication (MRE(indicated)) for obvious reasons (4g/t). A lot of the remaining 72% should come in at an estimated 1.4g/t. And of course the entire (current) mother lode (650 x 350 x 1200+) won’t be mined either! Each of you will have your own calculations on (a) the eventual size of the mother lode and (b) grade of resources therein...to determine the final amount of AuEq resource available.

Bear in mind, we are only talking about the current SE crescent/N Breccia volume as defined by the MMRE because this is all that NCM have been able to drill and explore to date. This is what the PFS is about, this is what Stage 1 (starter mine) is about (SLOS).

Stage 2: Continue drilling to increase the maiden resource. Publish a MRE2(inferred) for SE Crescent (Q1/22) to reflect this additional drilling. Complete the DFS (Q4/22).

Stage 3: MMRE(inferred) for Eastern Breccia. Additional MRE(inferred) for N Breccia.
Update MRE(indicated) for SE Crescent. Decline completes.

Stage 4: [2023/24] mine the SE Crescent. MRE(indicated) N Breccia. MRE2(inferred) E Breccia.

[https://greatlandgold.com/wp-content/uploads/2021/10/GGP-Growth-Update-Final.pdf].

Z

A few are asking about various dates forthcoming. Strudel also asked for the 5% clause to be added. It has been on mine but GGPHelp just needs to update!

October 2021. HAVIERON

14/05/21. Decline commences. (420m deep / 2.6km long).
15/07/21. Mine officially open.
09/21. At Hav, additional significant grades identified between 1200m and 1450m.
Significant grades identified in N breccia. Potential to expand original
MRE(inferred). E breccia 600m extended strike length.
Q4/21 90,000m growth drilling continues until July 2022.
Q4/21. 24 Assays pending.
12/10/21. Hav PFS. (Stage 4 complete. NCM earns 70 %. Qualifies for extra 5% @ fair value).
10/11/21. NCM AGM.
26/11/21. Firetower/Warrentinna mining rights expire.
09/12/21. NCM Interim report.
12/21. Option period to buy 5% commences (deadline: 12/22).
12/21. GDXJ quarterly rebalance..
12/21. Option for NCM to take over management @ Juri JV.
H2/21. Drilling programme commences – Rudall.
27/01/22. NCM December quarterly results.
16/02/22. NCM Half Year results.
Q1/22. Ventilation shaft construction commences.
Q1/22. MRE(2)(Inferred) for extended SE Crescent and breccia / N. breccia zone.
27/04/22. NCM March quarterly results.
2022. Drilling commences @ Ernest Giles.
Q4/22. D.F.S. Decision to be made to Bulk Mine (as a JV) by NCM / GGP.
[NCM loan of $50m runs out on completion of DFS].
[Decision to mine will result in payment of 145m shares to Pacific Trends Resources].
08/07/22. Bromus mining rights expire.
Q3/22. Exploration decline and ventilation shafts complete.
Q4/22. Bulk Mine decline commences. [1200m deep / 8km long].
Q4/22. Sub Level Open Stoping (SLOS (subject to change)) construction commences.
10/22. Byrnecut contract for first decline terminates.
01/11/23. Panorama mining rights expire.
H1/24. SLC first Ore (Jul ‘23 to Jun ‘24).
Q3/26. Block Cave Mine (BCM) construction begins (access and ventilation shafts).
2028. BCM production. (SLC and Bulk Mining, operating in tandem).
2031. Stoping estimated end of life based on:(13Mt/2MozAuEq/2Mt/yr).
2033. Stoping estimated end of life based on:(26Mt/2.9MozAuEq/3Mt/yr).
2053+. BCM estimated end of life.

Z

Trolls

This BB has just been thru some necessary trauma...to let off some steam I suspect...but to return to the same old " feeding the trills" is an unnecessary trauma, surely
PLEASE PLEASE desist from wasting endless posts time and effort responding. You'll reduce this BB to a desert lacking any suitable reading
More will leave the platform if this continues...for sure.
Please desist from responding, I beg you.
Z