I added a new puppy to the portfolio today, SOLG.TO. I see them as a takeover target due to the Cascabel deposit, so they fit in nicely beside REG and TK, which I also expect to disappear at higher prices within the next two years. The share price just took a hit after an unexpected financing, so now is a good time to enter IMO.
Yes, SOLG has a huge Australian style float, well over 1B shares, but for me that is only an issue from promotional plays that need to run hard to be profitable investments. For instance, I have done very well over the years with CEE, which has almost as large a float.
And yes, Cascabel is in Ecuador, but Ecuador has really improved for mining the last few years, but most importantly te locals in the area are very much onside. As Ecuador matures as a mining locale, it will become like Peru, where local sentiment is more important than national sentiment.
They have other earlier stage properties in Ecuador, the Solomon Islands, and Queensland, but really, it's all about Cascabel.
I have been trying to add a small high risk high reward position in ALO A warrants, but as is usual with warrants I am having to be patient in the attempt to get the entry price I want.
LC