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Sorry Eloro ColonelDrake has said this company will be brought out imminently so many times I have lost count.
Both Osisko and FNV are NSRs. The RNS for the FNV financing describes it as royalty financing.
SM, agreed, looks like they don't see Solg continuing with Cascabel much longer.
Nearly there Slug a royalty is a percentage for a named area of the business in this case Cascabel.
It is not a royalty for everything Solgold produces from other tenements.
So, it cannot be used on proving up other tenements, hence it is ring fenced.
Lesson for today complete.
Slug you have a 100% record of being wrong.
Hubrishhunter and I both corrected you on nearly everything you have said.
Only a few of your acolytes tick you up.
So, Slug you reckon that the royalty is not ring fenced for Cascabel?
HAHAHA you are Slug you cannot help but identify yourself.
I am not telling you how I know otherwise you might be able to disguise yourself.
Copperpot has persuaded me not to report you unless you become abusive.
This thing about all the people saying the company will be sold are wrong while all the people saying production are right, is absolute folly.
You can say for 2 years; every day that the company is going to production and claim to be right yet if it is indeed sold after 2 years (for example ) you immediately become wrong and everyone else is right.
You can only claim to be right in many years time; if when the mine is producing , Solgolds name is still over the door. In other words you are always going to be right up until the very day you are wrong. Obviously no one knows exactly when that day will be.
Monte …. Spot on but then they’ll still claim to have been right
England now world ICC 20/20 champions.. a moment to savour
Not true Montecristo the people that I constantly say are wrong are those that have said imminent sale for the past 9 years.
They have been constantly wrong.
I have never said production was a certainty.
Those that have been constantly wrong try to spread that falsehood.
For the first time since we are about to gain 100% of Alpala I can now see an alternative root, but still at this moment in time production is still the most likely outcome for all the reasons I have previously listed.
To be fair, I don't think most people say imminent sale. They say things like within the next 12 months or by Xmas.
Anyway its not worth arguing about. Either we sell it or it goes to production. Ultimately,if its sold, the people who said it would be sold are right. If it goes to production again those who said production, would be right. Obviously no one knows exactly when. But only on sale or production can someone or side claim to be right. Imo.
To be honest Monte I don't care if it's sold or goes to production as long as it's not sold cheap.
And yes, every single person who has said it will be sold has put a timeframe on it more than once, so if it does end up being sold, they remain wrong.
You make a good point Richbetter.
It's not a great thought but one that has troubled me from time to time.
We need to always remember between the sale or no sale argument that this is still a very risky investment.
That very fact alone, adds huge value to the sale strategy imo.
One that is often over looked.
When did we have a brush with the locals at cascabel?
So your point is...
Time of what? The nonexsistant problem with the locals?
Solgold have had a great relationship with the locals. There have been issues with indigenous folk in other parts of the country but not local to cascabel.
RichBetter - those problems were with protestor backed by illegal miners who weren't happy at all the companies being awarded licences in areas they were plundering.
The constitutional court quickly set the prevent for challenge but it didn't stop investors taking flight in the meantime, such was the uncertainty.
Ah, back to previous form I see.
The mining framework has changed significantly in the past two years, specifically as it relates to Cascabel.
A brush with locals ..what a load of rubbish for goodness sake dyor and move on from such tripe being spouted on here imho
Richbetter, lunchmoney- BHP and all other major producers in South America are aware of these and many other above ground risks and know how to mitigate them. Case in point, issues at Chilean mine ;
"BHP Group Ltd cut its annual copper production outlook on Thursday as operations at its Escondida project in Chile were impacted by labour shortages due to rising covid-19 cases, while road blockades associated with social unrest in the country blocked access to the mine. Chile, the world’s top copper producer, earlier this month sued BHP, among other miners, over alleged environmental damages caused by its operations in the Atacama salt flats."
https://www.mining.com/web/bhp-cuts-copper-output-outlook-over-chile-protests-environmental-concerns/
Las Bambas mine
"The huge Las Bambas copper mine in Peru has started to reduce operations due to recent blockades, the mine said in a statement Thursday."
https://www.mining.com/web/blockades-at-perus-las-bambas-copper-mine-hit-operations/
And
https://www.aljazeera.com/amp/news/2022/6/23/chile-workers-strike-at-codelco-worlds-largest-copper-producer
Can't expect Australia styled low above ground /political risk in South America - If that was the case solg would already be valued above 100p imo.
something to consider in the strategic/risk review
Sell it and the risk is gone. Sometimes the simple solutions are the best ones.
I told you Bubble the other day , like me , you have nothing to offer here so stick to 1 and 11 trades. I'm filtered by you . haven't relaxed since , but it's out there for you to read should you take me back into the fold.