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Morning Bozi
Nice summary ….. will also be interesting in the coming weeks to see who’s buying and who’s selling …… it’s the ones in the know ( the Canadians ) to keep an eye on .
It’s always been Solgold’s way …. Release solid news and neglect to follow it up with a sustainable path forward.
One day and all that
So what’s your point DBW, should Solg released good news and then update the market with lies to help you out.
I’m sure you know the rules by now on releasing RNS in a prompt and timely manner.
Or are you saying they should withhold news until they have EVs series of positive announcements, against LSE regulations, to help your underwater investment……
Either way you are still deluded……..
I believe it's coming DBW.
Those who say something has to give are right. Bob, Dan Vujcic and Co have been at this for about 12 months now. They've produced their phased plan to show improved economics for a phased development.
Logic would dictate that the company now has to secure it's investment and get the blessing from Noboa to push on under the terms agreed last year.
There are no other blockers after that. If we aren't ready to be packaged off to someone with deeper pockets then we never will be. We all may as well wave our money goodbye because the company has neither the means or the inclination to re-expand in order to fill all sorts of management, technical, engineering and staff roles in order to start a mine build.
Jiangxi. Late summer. A price all LTHs will be disappointed with.
There is my call.
Agee again ….. we just have to hope Jiangxi aren’t the only game in town.
Also a price we may have once been disappointed with is very different to a price we will be disappointed with….. for many it’ll be a blessed relief.
Especially not having to come back here and worry what you might tread in
Dbw. You are one delusional cookie.
Keep an eye on the Canadians, you clown.
They treat solg with complete indifference.
Have you never noticed the daily volumes of shares traded over there.
This board has been poking up with your pitiful pleading posts for as long as I can remember.
Grow a pair. Stop your constant almost sorrowful wishful thinking
With the apparent complete lack of interest in Cascabel, I’m beginning to wonder if we should just mothball it, and do a fundraiser with the sole stated intention of using the proceeds to recommence drilling the other tenements. i.e. get back to what we were once good at.
Clearly a few issues to this approach; agreement to postpone/defer the license spending commitments re Cascabel would have to be reached with Ecuador state. This could be mitigated by promised increased spend elsewhere. Then, whilst the interminable wait for something, anything, to happen regarding a suitor for Cascabel, at least our investments would be doing something. At the moment, we are just haemorrhaging cash to no end.
Thanks bozi and addict for confirming what I already knew- I have and continue to call it right. As that continues to be the case into the future, you'll see it's far from guesswork. I clearly understand the company better than anyone who insisted there would be a sale last year, and better than anyone claiming there will be one this year. To claim otherwise is to ignore the facts in favour of hopefulness, which puts you in the same category as novice, slug, bbg et al. You can, and should, do better.
Friendly advice- get you money out and buy a load more shares at a lower price soon 👍
Hi ToS
“With the apparent complete lack of interest in Cascabel, I’m beginning to wonder if we should just mothball it, and do a fundraiser with the sole stated intention of using the proceeds to recommence drilling the other tenements. i.e. get back to what we were once good at”
To be fair if we can’t sell something as exceptional as cascabel what’s the point in finding another one?
As for the complete lack of interest…… the only time we’ll find out is if and when the first interested party shows their hand.
I believe this will happen and thus remain invested and investing .
Adikt. If you want to spend a few moments looking at something factual.
Have a look at cobre, it's just one of many copper exploration companies bhp have invested in.
They've just discovered. I think the largest deposit ever in the Asia Pacific region.
They will make enough money out of that alone to invest the pittance they put in solg a thousand fold.
If I can be ars*d I will compile another list of how many exploration companies they've put millions into.
Adikt. If you want to spend a few moments looking at something factual.
Have a look at cobre, it's just one of many copper exploration companies bhp have invested in.
They've just discovered. I think the largest deposit ever in the Asia Pacific region.
They will make enough money out of that alone to invest the pittance they put in solg a thousand fold.
If I can be ars*d I will compile another list of how many exploration companies they've put millions into.
Stack - what don't you get?
If we all sold now as you suggest there's no investment case at a cheaper price. If the company doesn't monetise Cascabel there's no route to monetisation next year or the year after.
Put simply, if nobody wants to pay £300m inc control premium why would they pay £500m,£750m, £1bn or more in future, particularly when years have been wasted that could be spent developing this thing?
It's time to abandon your one liners that you can pivot from and nail some logic to your mast.
Spoiler- they are not going to pay 300m, let alone 500, 750 etc. If you believe they will then fill your boots at 30p+, but don't claim nobody warned you.
“To be fair if we can’t sell something as exceptional as cascabel what’s the point in finding another one?”
You just can’t help yourself can you DBW, how is it exceptional.
It’s large and uneconomical even with the new figures.
Thats why the market hasn’t given any credence to everyone’s ramping on here.
You, BBG, RK1. Etc have not got a clue and continue to act like Ostriches…..
Stack - £300m equates to a share price of 10p.
Thanks for confirming you're not a investor in SolGold.
Let's say the next three rounds of financing sees Jiangxi move up to 25% (unlikely). By then, thanks to raises at low sp, it'll only cost them £150m to take out the rest. For those who cry "but bhp won't let this happen", they absolutely will. Since we've learned how hard this is going to be to extract, they've shown no interest whatsoever.
So if you can get in at sub 5p, there is money to be made here. And the way things are going, that won't be too hard.
Dittyman.
What about penning a ditty about the share price.
Let me start you.
Down and down we go
How can it have gone so low
Adikt swears, we still have hope
I suspect, he's smoking dope
Dbw in so deep
Almost hear him sob and weep
Bbg, left without a bean
All is left is to Weep and dream
Even rk has seen the light
Nowhere around, he's taken flight
Copperpot is looking for the banker
What a complete and utter fool!!!!!!!
Maybe you can tidy it up or pen a better one dittyman
I am long and as frustrated as all of you. Question is: as a major would you bid now or just simply wait until there are more permits in the bag and the price drops to one or two penny when the money runs out and they have to raise?
"I believe this will happen and thus remain invested and investing ."
Good luck, I think you'd be better cutting losses at this point!
Sid …. Bob and co know how to raise money if and when it’s needed that’s what they do.
The share price could be anything but the main shareholders will have a price they are willing to accept regardless, so offering a few pence would be pointless.
On another subject
Re PFS
including the inferred at Alpala and Tandayama 15m tonnes copper and 36.6 m oz au. 33.6 bn lbs copper. Worth 129.36 bn . 1bn oz silver worth 22bn and 36.6 m oz gold worth 64.05 bn.
Total is $230 bn which at 3.85 copper is 59.74 bn lbs copper equivalent or a massive 131 m oz gold as a gold equivalent. It’s the largest undeveloped deposit in the world . Value it at 3 c/lb - that’s 1.8 bn
Take 30% of dNpv that’s 1.07 bn
Take a 1% royalty that’s $2.4bn.
So Cascabel could be currently reasonably valued between 27 and 80 cents US or 23- 62 p per share on application of acceptable market comparative metrics . The exploration strategy is worth more than that again.
This is why however long it takes this won’t go for peanuts 🥜’s
The other question is why isn’t the market buying like crazy at these levels , the following worries remain
1. Wether there’s an equity issue funding coming
2. Development funding even conditionally
3. Ecuador stability and tenure security, IPA
4. Exploration reinvigoration
5. Lack of communication and news
If Scott was to pull his finger out and address some of these issues they might be surprised how quickly and positively the market reacted .
DBW,
Good post, like you just mentioned, major shareholders haven’t invested just for fun, either they win it or gain from their investment.
Good price to buy so I’m going to put in my last bit of ISA pennies in, got £8852.00 so here’s hoping we all do well
Atb
Good luck Mathers
Mf if that’s your trade at 14:29, at least it IS shown as a buy. Refreshing :)
Atb
RICH3R,
Yep that was mine, its showing price was 6.95, but I paid through Halifax and got them at 6.99, Halifax earning a few more pennies on top of their fees lol
Atb
DBW I totally agree with you about Scott, finger, pulling, and out lol !
Why does getting news from this company usually if not always feel like getting blood from a stone?
I’ve asked for it for years from this company - more respect for shareholders and shareholder value - please.
Shareholders aren’t just for Christmas (AGM) ;)