Hi Guys, SEMS, I simply wouldn't about the ST noise. The market...

Hi Guys,

SEMS, I simply wouldn't about the ST noise. The market is a complete ass in over a ST horizon.

For example, NSU was trading around C$2.51 in Feb this year when Lundien secretly approached them with a TO proposal. Word slowly leaked out and the SP started to rise until the point when, in frustration with NSU management, Lundien went public. SP exploded to a high of C$4.79 and the offer is still in play.

Point beng, the market can be asleep at the wheel for long periods of time.

In the latest Exploration Insights, a Cu exploration play was recommended in Peru. However, the comments were insightful - there is simply nothing attractive at the exploration level (micro cap) within the Cu sector that BC/ JM have looked at (I would suggest a certain Botswana focused Company but that is for another forum).

The cupboard is bare.

The Cu supply chain is constrained and this is now "common knowledge". Sector participants are positioning accordingly and we have seen multiple M&A transactions within the Cu sector in recent months:

AOH, FND, AVB, NSU.

SOLG is one of the few advanced exploration plays, of scale, that is left on the board at present.

Cheers
John