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Has Julie Hars found a Chinese partner for them yet? I think that is what they are up to behind the scene. She is the only one in the company with a resource background and M&A negotiations.
Julie should get all those new options, or at least give some to a geo or two.
Me too. We are sitting on over $30 Billion in-ground at today's vanadium prices. Several recent market reports see the price of vanadium doubling or tripling over the next two years - and that's without the battery market. Turns out China is increasing the vanadium required in their steel - that means more to us investors than any battery market, for the next few years anyway.
Great Report on AVC just came up on AVC's Twitter feed:
American Vanadium Report by House Mountain Partners - Near-Term Producer Set to Put a Charge into Vanadium Industry
http://t.co/6H5MZ2N
AVC is proposing an acid leach process while ENZR is proposing alkali leach process. I don't know much about such things but they sound very different to me. Please educate if I got this wrong. I've been an ENZR shareholder for almost two years now and am willing to hold on to my shares longer as long as there is an economical mine eventually coming on line. Starting to get nervous now...
Good info on vanadium market and AVC at Byron Capital's website, but you have to register a username and password to access them. Once you have registered, here's the links to the vanadium reports.......
Byron Initiation Report on AVC:
http://www.byroncapitalmarkets.com/download.php?dfile=MjAxMS8wNS9BbWVyaWNhbi1WYW5hZGl1bS1Db3JwLUluaXRpYXRpb24tUmVwb3J0LTA1LTE5LTExLnBkZiI
Byron Initiation Report on ENZR:
http://www.byroncapitalmarkets.com/download.php?dfile=MjAxMS8wMi9FbmVyZ2l6ZXItUmVzb3VyY2VzLUluaXRpYXRpb24tUmVwb3J0LTAxLTMxLTIwMTEucGRmIg
Vanadium Market Report (12.11.09): http://www.byroncapitalmarkets.com/download.php?dfile=MjAwOS8xMS9WYW5hZGl1bS1SZXBvcnQtMTEtMTItMDkucGRmIg
Vanadium Market Update (3.3.11): http://www.byroncapitalmarkets.com/category/research-pub/page/5/
Japan's Disaster Good for Vanadium (3.17.11): http://www.byroncapitalmarkets.com/download.php?dfile=MjAxMS8wNC9WYW5hZGl1bS1VcGRhdGUtMDMtMTctMjAxMS5wZGYi
For those who want to read the reports from Byron, you just have to register with their website with a username and password and then you can download the following reports regarding the vanaidum market:
Here's the one for AVC:
http://www.byroncapitalmarkets.com/download.php?dfile=MjAxMS8wNS9BbWVyaWNhbi1WYW5hZGl1bS1Db3JwLUluaXRpYXRpb24tUmVwb3J0LTA1LTE5LTExLnBkZiI=
Here's the one for ENZR:
http://www.byroncapitalmarkets.com/download.php?dfile=MjAxMS8wMi9FbmVyZ2l6ZXItUmVzb3VyY2VzLUluaXRpYXRpb24tUmVwb3J0LTAxLTMxLTIwMTEucGRmIg
Vanadium Market Report (12.11.09): http://www.byroncapitalmarkets.com/download.php?dfile=MjAwOS8xMS9WYW5hZGl1bS1SZXBvcnQtMTEtMTItMDkucGRmIg
Vanadium Market Update (3.3.11): http://www.byroncapitalmarkets.com/category/research-pub/page/5/
Japan's Disaster Good for Vanadium (3.17.11): http://www.byroncapitalmarkets.com/download.php?dfile=MjAxMS8wNC9WYW5hZGl1bS1VcGRhdGUtMDMtMTctMjAxMS5wZGYi
Great volume on today's news. Wow is Julie Harrs ever cute and smart! She should be ceo/coo/cfo/cso ('cause she's sexy! lol)
AVC on TSX.V pulling back due to House Anonymous dumping - but kindly hitting bits as they show up. This stock is ready to move since mine to open next year and bankable feasibility study coming out within 60 days or so. Only 22M shares out in total 60% owned by insiders and the only domestic source of this strategic metal in the USA for the next several foreseeable years. Timing is everything! Thank me later...
JP II
www.americanvanadium.com
Nice list of horrible things isn't it.
This Caveat Emptor notice has been there on the OTC/Pinksheets website for two years now. SLTA ran out of money at end of 2008 and could not raise any funding until $100,000 in 2010 which they used to buy the gold concentration plant from the titleholder. Read my overview of SLTA at the header of the board posts to get the full history.
The only reason they have Caveat Emptor is the lack of filings (and the Cease Trade Order in Canada which was also due to lack of filings there). This long list of nasty other reasons a stock might get this designation is there to put the fear of god into everyone. I think it's irresponsible of the OTC/Pinksheet site to do that, but there it is.
Where did you get the 2014 start date for production? That sounds way off. They have to raise $200 million to build the mine. God help us if that is done at 40 cents. lol
It's that report that keeps me hanging in. Plus Fabio Montanari's bio:
Dr. Fabio Montanari – President/CEO/CFO
Dr. Montanari is responsible for the overall management of Soltera, and has been mandated to grow shareholder value through further exploration and development of Soltera’s recently acquired rights to explore and purchase mining claims in Argentina via its wholly owned subsidiary Incas Mineral S.A.
Dr. Montanari brings to Soltera a distinguished international mining career spanning over twenty-five years. Included is senior experience spearheading advanced exploration and mining activities in Africa, South America, Europe, Canada and the United States for a host of internationally recognized exploration and mining companies including: Asarco (US), Golden Star (UK), ENI Group (Italy) and Normabec (CAN). Dr. Montanari has also been a geological consultant to the United Nations under the U.N. Technology Cooperation Schemes.
Dr. Montanari’s responsibilities have encompassed various mining engineering, operations, pre-feasibility and general management positions, including business development roles at the corporate management level.
Dr. Montanari holds a doctorate degree in economic geology from the University of Ferrara , Italy. Additionally, he is the author of a textbook on economic geology, "Metals & Industrial Minerals: Economic & Metalogenic Parameters", which has been adopted by several major Italian universities.
I hear you. That's why I stated "IF you believe the conspiracy theorists..."
Do you have another theory as to why small odd-lot trades happen? Just MMs tidying up their book?
If you believe what the conspiracy theorists have been saying out there for a couple years now, Market Makers send signals to each other on the Pinks using these small trades:
If you see buys of:
100 > I need shares
200 > I need shares badly but dont take it down to get em
300 > Take the price down to get shares....
400 > Trade it sideways based on Supply and Demand
500 > Gap one way or the other, usually to the direction
of the 500 trade. Sometimes -if in the middle -keep the price right where it is
911 > News incoming
You're right about that. I'd never buy based on tweets or emails. Just saying Soltera's twitter page has good info on the company - their news releases plus stuff related to Argentina and ethical gold and anything else that related to what they are up to.
Twitter is for people who can't relate to others in person. lol
WOW! Finally the sleeping Green Giant is waking up - maybe woken by a Chinese dragon blowing smoke and flames? Looking forward to 2011 as the year I make a lot of money investing in vanadium and gold (see SLTA). It's been a long time coming but good things come to those who keep the faith.
Saw these on Soltera's Twitter page this weekend http://www.twitter.com/SolteraMining
OTC Equity.com names Soltera Mining ($SLTA) a Pink Sheet Volume Leader: http://bit.ly/gQBKPA
Bloomberg.com says Argentine Gold Output to Climb 21% as Exploration Rises to `All-Time' High: http://bit.ly/biG6gm
Argentina's President signed agreement with the mining sector as a signal for social pact and industry growth: http://bit.ly/gCWTkX
David Bond interviewed about El Torno Visit
http://sectornewswire.com/MandMBondJan08.pdf
Found this older interview of Fabio Montanari on the web. WOW!
The Wallace Street Journal
by David Bond, Editor
The Silver Valley Mining Journal
Argentine Gold and a Lonely Lady
Santa Catalina, Jujuy Province, Argentina – It's a fair hitch up to where we were in the heights of the Andes, a two-hour flight north out of Buenos Aires to the high plains of Jujuy, an easy four hours' drive further north across the Tropic of Capricorn on the freeway to La Quiaca, then another two hours' run up along wide gravel roads (we call such roads “improved highways” here in Idaho) to Santa Catalina, beyond which, still along a very passable road, is a mine called the El Torno, which began yielding gold to the natives perhaps a millennium ago, sat idle for awhile, got poked with good results by Puma and Penoles not even a decade ago, and now is in the hands of a seriously inexpensive but heavily talented company called Soltera, the naming of which is a pleasant story, and the CEO of which is a delight to meet.
The high plains of Jujuy (pronounced coo-COO-ie) Province are a story in and of itself, not befitting a mining rant perhaps – but we will go there anyway. Although you are at an altitude higher than the top of Mt. Rainier, it's warm and flat and green here in the Argentine summer, and energized power lines run everywhere. Sugar cane, alpaca meat, vicuna fur, cattle, sheep, beans, fruit, tobacco and iron and salt mining help drive Jujuy's economics. But gold, silver and copper always have been Jujuy's staples, and up here with Soltera, we are just three klicks from Bolivia and Potosi. The mining ethic of this region is such that, a couple of years ago, the miners here went on strike to protest the presence of ecotourists who, they said, were littering the place up and trashing some of the mine workings. The government relented after two months and kicked the greenies out.
Argentina itself – another story not suitable for a mining rant but we are going there anyway – is a success story in itself. Measure Argentina by any standard: literacy, education, life expectancy, GDP growth, per-capita income, and it tops most of South America and a good portion of Europe as well. The country has weathered the 2001 financial crisis when the Argentina peso was un-pinned from the U.S. dollar and fell by 75 percent literally overnight; it now enjoys a stable and democratically elected government and an economic growth rate to rival China's, and has fully repaid its IMF (“Dirty MF” in the words of singer Bruce Cockburn) and World Bank loans. So Argentina approaches the second decade of the third millennium a democracy that is resource-rich, debt-free, and loaded for bear.
And now to our main story: Soltera Mining Corp. itself. Soltera became publicly traded on the OTC:BB as SLTA in mid-2007 and currently stands with 42.5 million shares outstanding (26.5 million of which are restricted at the moment). In this current crazy market milieu, Soltera currently can be had for a niggardly 50 cents. Which puts Soltera, with a market cap of a measly $21 million or so, in charge of at least $380 million worth of Argentine gold.
The El Torno property which we toured with Soltera President and CEO Dr. Fabio Montanari (along with our favourite Swiss, Georg Stangel of Stein-am-Rhein), was sporadically surface-mined by the Incas, then the Spanish and the Jesuits after the New World was discovered by Old Europe, mostly for small nuggets by trenching. A 750-meter adit was driven onto the property by previous explorers, which we explored with the aid of carbide lamps – everybody in Wallace has a carbide lamp on his mantel or on a book shelf, but this was the first time we'd ever actually used one.
The property consists of five mining rights covering a total area of 7,900 hectares (19,521 acres). Soltera has an agreement with the titleholder that includes payments totaling US$350,000 to 30th June, 2010 and an obligation to spend US$1 million on exploration during the first two years of the agreement. Various additional payments can be made to extend the exploration period, and Soltera has an option to acquire the mineral titles.
El Torno languished for most of the 20th Century until Puma Minerals, then Penoles, each undertook an evaluation of the property, beginning in 1997. Puma drilled out, and Penoles subsequently inferred, a resource of de minimus 500,000 ounces of gold, accompanied by silver in a 1:1 ratio, based on a quartz vein system measuring 1.3 km in length and 100 meters in depth, with assays averaging 23 grams/tonne. Penoles further inferred that the vein, which is open at strike and depth, could run as long as 2.5 km and extend as deep 400 meters with the potential for more than 2 million ounces of gold. Grab samples have run as high as 130 grams/tonne disseminated Au in the quartz, Soltera reports.
While the El Torno vein is near the surface, its high grades and structure justify an underground mining operation, starting with a ramp driven from the surface to a depth of 400 meters, CEO Montanari told us. It's further worth mentioning that Puma's and Penoles' resource estimates were based on cut-off grades dictated by the gold price in 2001, right at Brown's Bottom.
Dr. Montanari is something of a legend in Italy, having spearheaded exploration projects in North, Central and West Africa; South America; Europe; Canada; and the U.S., and authored a textbook in use in that country's under- and post-graduate geology courses. He was dispatched by his Italian employers to Argentina a decade ago to evaluate some 50 mining prospects and in the course of that work, came across El Torno, in elephant country just a few klicks from Silver Standard's giant Pirquitas project. When Puma and Penoles dropped out of El Torno after failing to come to terms with its property owner – and at a time when gold was languishing below $300/oz – Montanari picked it up and last year vended it into Soltera. UK-based Dr. Kevan L. Ashworth joined Soltera Mining Corp.'s Board of Directors in September.
During our mid-December visit to El Torno, Montanari had just begun a second round of exploration work on the property preparatory to a Q1 2008 program of trenching and geophysical surveys in order to establish drilling targets for the second quarter. So far, he reports, the news has been encouraging “and suggests that the gold quartz vein is different from previous interpretations and the mineralization could be more widespread than previously thought.”
Montanari is more Scottish than Italian in his spending habits, taking low-cost advantage of the “brain drain” of mining engineering and geologic talent leaving the increasingly Marxist environments of Venezuela and Bolivia. “We pretty much have our pick of the best,” he said. And he did one smart thing his predecessors at Penoles and Puma neglected to do: worked out purchase terms with the property owner before he went to work on it.
Over a dinner of Argentina's legendary beef in the delightful mountain village of La Quiaca, where we overnighted to and from the mine and whence you can literally walk across the border into Bolivia, Dr. Montanari's Italian, his passionate side, comes through. “You work for other people, you do your very best. But then you come across something that you know you can build yourself, and make it the very best there is. I have found it here in the Andes.”
To which we would only add: $380 million worth of gold for $21 million. At 50 cents a share, seems like a no-brainer to us. Oh, and about that name, Soltera. Fabio wanted to call it “Sol Terra” -- meaning sun and earth. But a typo on the way to the web-designer's dropped one of the “r”s, drastically changing the name's meaning. Soltera, turns out, is Argentine slang for a lonely woman. Well, this one's about to get lucky!
Maserati, here's the details of the deal you are refering to...
The relationship between Energizer (ENZR) and Consolidated Thompson is multifaceted and well entrenched...
Consolidated Thompson subscribed for total gross proceeds of U.S. $2,150,000 in the non-brokered portion of the private placement announced in release of March 17, 2010. This was done at 30 cents with warrants at 50 cents, i.e.: they own 7.17 million restricted shares, (14.3 million if warrants exercised!
In connection with this "strategic investment", ENZR granted Consolidated Thompson certain preemptive rights to participate in future financings and the right to appoint a nominee to the Company’s board of directors.
Subsequently, ENZR announced Richard Quesnel, President and CEO of Consolidated Thompson, appointed to the BOD on October 21, 2010.
Furthermore, Brian Tobin is the Chairman of the special advisory committee for ENZR. On November 18, 2010 Brian Tobin was appointed as interim CEO of Consolidated Thompson.
Anyone interested in EGZ on TSX.V should be reading and posting over at ENZR on OTCBB since more active and current postings for he same company - Energizer Resources.
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I remember The Two Ronnies waaaay back. That guy must be 100 years old.
50% retrace after too fast a jump. This is good. Too much too fast not good for this little stock. Not until results to back such a move that is.
Looks like a new support level now at 15/16 (http://www.stockta.com/cgi-bin/analysis.pl?symb=SLTA&num1=1&cobrand=&mode=stock)
I agree with you MWM We should keep each other honest on boards like this. However, the Coupe may not be that far off on his $2 eps expectation. The reason I say this is that all three gold targets on El Torno should prove very very inexpensive to work. They already have paid and ready to turn on the eluvial gold production plant (see the photos and videos on Flickr if you haven't already); there is a robust gold market locally (spot - 5%) so no transportation costs (except the stuff going to Goldlake which they will probably pay for); the two large geochem anomalies (over 2km wide each) are surface open-pit potentials; and there already exists over 1km of structurally sound underground galleries to help fast-track the underground mining of the vein. The ground up there is very stable with no degradation thanks to very little precipitation. So, El Torno could be producing millions of ounces of gold with very little cost other than resource estimate drilling to produce a bankable NR43-101. Just my opinion based on reading the detailed report found on their homepage and historic releases.
We are all in the same boat here just some paddle differently than others. Let's keep things friendly so we don't scare away any new people. As shareholders we want new people reading this board and finding it useful.
Here's to 2011 being the year Soltera makes us all very very happy.
JP
Actually we have heard from Goldlake back when the deal was struck. I found this article on Soltera's supply of gold to Goldlake in Il Sole 24 Ore )a major financial magazine in Italy). I translated via Google so not perfect English but the message is clear: Goldlake expect to supply Cartier a minimum of 300kg from El Torno in 2011 (approx. 10,000 oz) Which means US$12M profit if cost is $200/oz which is likely high considering the ease of working the eluvial deposit. $1M per month profit in 2011 - not bad for a 10 cent stock.
Colaiacovo and the NASDAQ Gold Rush
From Concrete to Nugets: The family from Eugubini
heads for control of Soltera Mining
Imagine the gold among the green hills of Umbria is very unlikely. In fact, even the shadow of a bar (of truffles as large nuggets, though, at will). But the family Colaiacovo, the third largest cement producer in Italy (behind Pesenti and Caltagirone) and the main economic and financial groups in the region, from Gubbio is playing to win gold in the Nasdaq.
Goldlake, a small mining company founded by Giuseppe Colaiacovo ethical gold and lead, having seduced the big world of luxury Cartier (who sells his precious yellow nuggets), now the conquest Soltera Mining. On Friday night, quietly, the SEC has filed a filing reveals that the terms of an operation that projects the Colaiacovo from the Apennines in Times Square. Goldlake has targeted its equivalent from an international pedigree: a maxi-alluvial deposits of gold from 4,800 hectares of concessions, 4 thousand meters of altitude in the northwestern border of Argentina, the company headquarters in Nevada and listing on the Nasdaq (with a secondary listing in Frankfurt). But with an investment of $1.5 million, the largest shareholder Colaiacovo, comes to hold 40% of the company. A move which Goldlake tripled its size in terms of extraction capacity (they now produce 150 kilograms per year).
Goldlake, we learn from the documents of the American Sec perform three capital increases to boost the production of Soltera and restructure the company's debt. The first 300 thousand dollars will be paid by the end of the month and will serve to keep the grant of the government of Buenos Aires. Joseph, the most dynamic of the second generation of Colaiacovo who have built around the Colacem, a financial-industrial empire (express CariPerugia Foundation President and former shareholders of strong business in the days of Cesare Geronzi, now hold a 0.2% of UniCredit, which is worth 50 million euro), is the scion of the reporting in the salons and high finance: personal friend of Matteo Arpe, Joseph was an independent director of Snam Rete Gas and sat on the board of MCC, the merchant bank Capitalia. The holding company, Gold, which has nothing to do with the gold but it is an acronym for the names of a branch of the family, is one of the underwriters House, Made in Italy of the fund set up by Matteo di Montezemolo and Diego della Valle, and is a member of Nextrend, the patron of fund innovative Technogym Nerio Alessandri. Some years ago, Gold has started to diversify from the concrete (because the Dynasty family there have been frictions and fissures in the past) and investing in Honduras, where Colaicovo bought a mine, was born Goldlake.
In addition to creating the first and only country with a mining company, ironically, the total amount and leaving a city famous for its monuments, but marginal and isolated in the economic landscape, Colaiacovo has focused on innovation ethical gold. The metal in question is not extracted from mines exploiting children or minors, but from fields where there is no river spoils the environment and do not use harmful chemicals to workers. For this the Parisian goldsmith maison Goldlake chose as a supplier. If all goes well, there is an ongoing due diligence to verify that the gold is of quality and production standards in line with the Italians, one million ounces from Argentina will take the route of Arezzo (where Goldlake, in joint venture Italpreziosi with, works with the gold). The next step could be the merger of two companies: the SMEs Umbria game you would see listed on hi-tech America. Together with Microsoft, Google and Apple.
For me originally it was Fabio Montanari and Penoles' past drill results in the 90's. Plus the area play: El Torno is in the Argentinian side of the same Andean geo-zone as the 'elephant country' of Chile's and Peru's biggest gold finds. The only difference between Chile/Peru and Argentina is Argentina still remains 75% unexplored by modern techniques.
The geochem work done by Fabio in 2008 indicated two gold-rich anomalies over 2km wide which could be large open-pit mine potentials. That's on top of the 14km fully-mineralized gold vein system and the surface gold right underfoot which was being processed by the titleholder right up until 3 years ago when he had to stop due to health condition. There is more gold in El Torno than the world has found in a long time. That is how I see it anyway.
But then 2008 happened and there was absolutely no exploration funding available anywhere. Soltera had no way to move forward on these impressive gold targets. Ran out of money to the point they couldn't even afford to make SEC filings (not cheap). This left them at 5 cents for over a year and down on the bottom of the Pinksheets with Caveat Emptor status. But throughout this time of attrition Fabio kept his gem, El Torno. He also came up with a plan to survive and thrive...
Fabio managed to negotiate gaining the surface mining rights and ownership of the gold gravity concentration plant away from the titleholder in exchange for 10% of gold production on the elluvial deposit. That negotiation took over 8 months to achieve. But as anyone knows, getting mining rights normally takes longer when you have to go through all the government hoops. Soltera and its shareholders could see the light at the end of the global financial crisis tunnel. The plan was to get the plant into full gold production by the end of 2010. But then something even better happened... GOLDLAKE.
Goldlake, owned by family that is Italy's 3rd largest cement company with over $1B in annual business, has a $10M 'ethical gold' supply deal with Cartier Jewelers. They contacted Fabio to see if they could finance not just the elluvial production at El Torno but also the first $5M needed to prove up the vein system and the new open-pit targets. Why? Because it just so happens that the gold at El Torno is 'free gold' ideal for ethical gold production since it needs no mercury nor cyanide to extract it. Goldlake has so far invested $500,000 at 10cents and if the testwork (now completed and awaiting lab results) proves successful then they will be exercising warrants at 15cents to place an additional $5.5M into Soltera.
So one of the best geologists (read about him) with one of the richest gold projects, after two years of dropping in stock value, now has a Billion Dollar backer and the test results to seal the deal are due by Christmas.
Who could ask for a better situation than this one? I rest my case Your Honor. lol
Here's an older article on SLTA but good info in there:
http://madisonaveresearch.com/argentinagold.htm
www.tradingmarkets.com and www.pennystockscholar.com featuring SLTA as of today: http://www.tradingmarkets.com/news/press-release/acgx_ehsi_slta_pennystockscholar-com-emerging-healthcare-solutions-inc-pinksheets-ehsi-soltera-mining-corp--1320224.html
Here's a new chatroom looking for SLTA shareholder input....
Pinnacle Digest: Looking for Shareholder Opinions on Soltera Mining's Latest Update
Posted on: Thu, 18 Nov 2010 05:32:02 EST
Symbols: SLTA
Nov 18, 2010 (M2 PRESSWIRE via COMTEX) --
www.PinnacleDigest.com is a performance-driven online financial magazine and investment community with an established track record. After yesterday's news Soltera Mining Corp. (PINK SHEETS: SLTA | PowerRating)(FRANKFURT:SN7) announcing an update on company activities, our team is inviting all shareholders to their exclusive investor controlled forum. We have requested that all Soltera shareholders join our community and share their thoughts on the company, its development and future outlook. One of the most important components to investing is understanding the sentiment of the current shareholders; that is why we have released this announcement - we want to know your opinion on the company.
Join The Soltera Investor
Discussion Here: http://www.pinnacledigest.com/company/soltera-mining
Explain to our investor community what differentiates this company,
Chat with other shareholders invested in Soltera,
Pinnacle Digest: Looking for Shareholder Opinions on Soltera Mining's Latest Update
Posted on: Thu, 18 Nov 2010 05:32:02 EST
Symbols: SLTA
Nov 18, 2010 (M2 PRESSWIRE via COMTEX) --
www.PinnacleDigest.com is a performance-driven online financial magazine and investment community with an established track record. After yesterday's news Soltera Mining Corp. (PINK SHEETS: SLTA | PowerRating)(FRANKFURT:SN7) announcing an update on company activities, our team is inviting all shareholders to their exclusive investor controlled forum. We have requested that all Soltera shareholders join our community and share their thoughts on the company, its development and future outlook. One of the most important components to investing is understanding the sentiment of the current shareholders; that is why we have released this announcement - we want to know your opinion on the company.
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Don't forget we have had a distant relationship of sorts with Con Thompson for a while with Brian Tobin on our Advisory Board. But their CEO on our BOD is a hugely significant tie. Now who is bringing the Chinese on board is my $64 question - them or us? Jule Lee Harrs was over there twice now and she's quite the deal maker herself. This could blow up into a 10-bagger overnight if my Spidey senses are right.
Featured In ENERGY DIGITAL MAGAZINE, OCTOBER 2009 -
“As a member of the board of Consolidated Thompson Iron Mines, I have experienced firsthand the importance of helping to bring capital, people, partners and market opportunities together to build a world class project. The same is true for Uranium Star. I have been very impressed by the work already under way and by the quality of the team CEO Kirk McKinnon has assembled. Given the scope and magnitude of this discovery, it is a great opportunity to be attached to this project at the early stages…Together, [Harder] and I will help ensure the company stays ahead of and steers through any potential political and financial issues that may arise, and position the project in the best possible way to potential joint-venture partners or buyers.”
-Brian Tobin, Chairman of Uranium Star Special Advisory Committee
You guys are funny to listen to. I don't understand what a poster gains by bashing a stock unless he's short or wants it cheaper for himself. Anyway, I have to correct a couple things for you Mr Garret...
Anyone can see the property with the extensive old mine workings and the gold processing plant at the SLTA photo gallery: http://www.solteramining.com/index.php?option=com_wrapper&Itemid=85
Secondly, SLTA has had a "newcomer" join the board of directors from Goldlake:
On August 27, 2010, Dr. Capaccioli was appointed as an additional director of Soltera by the Board of Directors.
Dr. Stefano Capaccioli (40 years old) has been an independent consultant for the past five years. Dr. Capaccioli is a chartered accountant and auditor who is the founder and Chief Executive Officer of Studio Capaccioli, a company of chartered accountants, tax consultants, accounting and business consultants based in Arezzo, Italy. Dr. Capaccioli is a Board Member of several private companies and is a director responsible for tax and legal issues for the Goldlake Group. Dr. Capaccioli joined the Goldlake Group in 2003 and contributed to the founding of their companies in both the UK and Central America.
Dr. Capaccioli does not hold a directorship in any other reporting company.
El Torno is in Jujuy Province nowhere near any environmentally sensitive areas. The rules are different for each province in Argentina since each area has different considerations, but the federal government (still 'Peronists') being very mining friendly.
Photos and video of their tests of the gold processing plant back in April 2010:
http://www.flickr.com/photos/solteramining/show/
Ambrian Resources were going to back the El Torno immediate gold production. They are huge. Not them so much as their parent company - Ambrian Capital (http://www.ambrian.com/ ) Shows you the quality of outfits now fighting each other to get a piece of our little Soltera. Goldlake and Ambrian were making offers to finance the eluvial gold production but Goldlake's offer was better and they do have that supply deal with Cartier and I think Tiffany's too. So Soltera went with them.
Look guys, once SLTA gets that late filing issue behind them this stock is going to rocket up. The question is when will they get the filings done and when will Goldlake put their huge PR and media department to work to get the word out that they now have a second supply of ethical gold to Cartier?? This momentary dip in price is a huge buy opportunity in my opinion. FYI: I'm getting more at anything under 12 cents once I free up a little cash.
JP2
Well I don't think they can top the last news release - $1B sugar daddy and supply deal with Cartier. Whow! But they still have to get their up to date in order to remove the Caveat Emptor status on Pink Sheets. Until then no IR/PR/News will do much to get new investors. Once that is taken care of (should only take a matter of weeks or a couple months at most) then Goldlake can go to town with PR. They have the resources and the motivation to make big media waves out of this "ethical gold" thing. So fill your boots with as much of this as you can before it slingshots to the dollar range. tick tick tick.....
I've done some research on Goldlake and the Italian family behind it. This is a huge group of companies all run privately by the Colaiacovo family. Their holding company Financo has over $1B in annual revenues. They have their own gold smelting, chemical assay labs, shipping, rail companies, you name it, this is a huge deal for little Soltera. To think SLTA will be the second mine in the world to supply gold to Cartier as part of this ethical gold initiative.
So why hasn't the stock shown anything for this news? If you really care you will call Soltera directly and talk to their IR and they will tell you they have been asked to not do any IR/PR from now on since Goldlake has a huge PR/IR and Media Relations firm in-house that operates out of London and they will be doing all future IR/PR for Soltera from there. So this is a bit of a limbo stage. They expect to line up serious media and IR campaign for the Fall. They will probably get TV and major newspaper coverage given the size and power of the Colaiacovo family's media relations assets and the potential for "ethical gold" to be a hot story in the coming bull market for gold.
If you want to learn more about the Colaiacovo family and their stable of companies then do some homework and you will realize what lies ahead for SLTA is beyond any of our expectations.
These links are from the SolteraMining Twitter page: www.twitter.com/SolteraMining ...
# London Jewellery Week showcases ethical gold: http://bit.ly/ct2gFd
# Ethical Gold will change the gold retail industry as much as Blood Diamonds changed the diamond industry: http://bit.ly/ct2gFd
# Colaiacovo is focused on producing ethical gold for Cartier - extracted without exploitation nor harmful chemicals: http://bit.ly/95BhG8
Great post. I didn't see that was spelled out in the 8K. So the only reason SLTA is still at these low levels (even after taking on a billion dollar partner) is that they are not up to date on their SEC filings but they intend to get them done asap with this money they just got. Anyone know the meaning of the term... BUY OPPORTUNITY ?!?!?
So Soltera will become a direct supplier of ethical gold to Cartier? Talk about a great future for this 'little stock that could'.
The link you posted shows that Goldlake offers ethical gold "from mine to market". This could be as game changing as the concept of ethical diamonds was to that market. Just recently a huge story broke about an entire village poisoned by lead in gold production in Africa: http://www.msnbc.msn.com/id/37509470/ns/world_news-africa/
Soltera Mining SLTA closes on $1.5M and gains strategic partner to develop gold production & exploration in Argentina: http://bit.ly/SLTA8KGoldLake
They announced this via an 8K filing on Friday but no news release as yet. Goldlake supply ethical gold to Cartier and SLTA's El Torno gold mine will become the second producer of this supply of ethical gold. You know. Ethics. Something some consumers actually care about. Maybe some of you investors too? OK I know the answer to that. But here's a chance to invest in a future gold supplier to Cartier.