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SharketMare agree Mather in real trouble over at DGR NEEDS a way out of that and needs a monetising event to stop DGR from collapsing. Their biggest asset a shareholding in Solgold.
This is a massive push in the background to get this shifted PDQ!
Bbg - I'm pretty sure all of those bullet points are wrong.
Readers here will decide who to bet on- a man who tweets WI every time he needs reassurance but then comes here and makes up stories anyway, or a guy who correctly predicted the lack of sale for the last two years in the face of baseless, brainless ramping.
One of us knows the company, one of us likes to make up positive statements to cling to...
Padmaster. didn't realise research was important.wondering if you can point out where you researched you ridiculous over optimistic ditties you posted.or this one you posted the otjher day
“Mummy, MUMMY”.
“Whatever is the matter Kalneedabari, sonny boy?”
“Do I really have to go to school today mummy? All the kids are really nasty to me, calling me names like “infestor jester” and “king Solg clown”.
“Don’t be silly Kalneedabari, of course you do, you’re the headmaster.”or maybe the one below from the other day.
Two things:
1. We're giving the Chinese as much time as they need to do the DD the require.
2. SOLG is using time to their advantage to deliver funding options for funding Alpala via the growth and potential sale of regional assets.
It appears the lunatics have taken over. fdjyn/ bbg. hahahaha
and adikt how many posts are we expecting about the Chinese coming.
bearing in mind there is not one scrap of evidence to support posts.
but evidence and facts don't stop a few good posts.
'we also have a high level DFS concluded.'...
Are we just sitting on it to protect or 7p share price???
Along with Redknights greatest drill hole results in South American mining history??...
Qwack qwack - you're not invested whoever is replying to me. You're a nobody deramper.
Agree. Well done
Add agree they're not going to be signing the document, but they're also not going to be signing anything regarding ownership of Cascabel unless they're happy that their investment will be safe. We have to ensure they are aligned.
I don't think it's totally implausible that we hear news of the IPA alongside and update on how this thing will be built, otherwise the document will be relatively meaningless as no one thinks we can go this alone anymore (and the company have essentially said as much).
Aquinaga - on your point on price and the majority willing to sell - Mather has bet the farm on this now and the clock is ticking. He simply has to get some sort of deal done here and soon. This will focus minds on price/valuation.
Stackhigh and Fortissimo - your spreading absolute rubbish again.
- the PFS is long finished and being shopped around to suitable parties. Likey we also have a high level DFS concluded.
- We can start developing the incline now.
- We have previously raised $100m for 1% NSR. We can absolutely achieve this again as we are far more advanced.
- We have sufficient capital for admin for 2024, hence we are running off an oily rag at HQ.
- BHP wants SOLG mgmt to dilute themselves... so their great idea is to hold down the SP.
- SOLG mgmt will dilute the project (BHP's intended prized baby) via an NSR before they dilute their holdings.
NSR incoming for decline commencement
At these crazy low levels so added just over 150k of these little golden nuggets this morning. Very happy with my holding and now it’s just a waiting game until the new PFS lands. I’m increasingly confident that 2024 will see a major monetisation event whether that’s just for Cascabel or Solg as a whole.
Wouldn't want to be out
You made up that deadline though, Fort. "Early Q1" is meaningless, and indicative of the kind of wooly management speak that Scott favours. If it's late March he'll claim it's "Early: Q1 2024" instead. Truth is, if there was something cooking we wouldn't be down this low (I'm ready for your meaningless Noront comparisons). Market expects funding will be needed soon (it will), royalty deals less likely without a credible path to mining, and an issue to a big investor at this point would have to give away 20%+ of the company for $50m, my guess.
For all the fools believing the "we've never been in better shape" there are experienced investors recognizing this is now pretty precarious. Hope people haven't over- exposed themselves.
Yes, I imagine Scott is getting quite worried now as with just over 16 days to go before he reveals the product of his last 12 months in control... the market is pricing SOLG stock at multi-year lows.
Manipulation aside, I think Scott and most traders out there would have expected this to be back to 14p levels+ going into the last couple of weeks of the impending PFS and grand reveal of his master plan.
If it's anything like the much heralded website refresh... then we are in big trouble as that looked like it had about 2 days spent on it yet it took 4 months to deliver.
Exciting times
Probably the Chinese government will tell Jiangxi you will do this and like it.
Then at that point is the price high enough for majority of holders to sell?
Indeed. But given that at this stage they are merely minority investors, they have no legal position to sign anything. However, if we are actually advancing discussions with them, I'm sure they'd want to be looking over our shoulder at what's being discussed. The key issue being that the agreement must be assignable.
Add, agree. The article was discussed on here and opinions were mixed on who "the investor" referred to. You could imagine that Chinese press might not be totally au fait with (or give a damn) regards releasing MNPI in local media (over at ALL the Ghanaians have been awful for this) but it's not something we have commented on publicly or clarified.
The Chinese have had issues in the south with the government and indigenous populations, and I've long held that they will want water tight protections in place before making a move here to avoid a (much more costly) repeat.
If Jiangxi are a serious suitor, you'd think they'd want to be privy to the terms before anything is signed, if not negotiating them themselves.
Good post, SM.
One question: If the Chinese have indeed agreed something with the government, surely this is of material relevance to us and would have demanded an announcement?
Despite the political changes, it seems implausible that it is taking us this long to revise an important yet relatively simple document.
Last September, Middlekoop highlighted a translated Chinese article which claimed that the government had signed a preliminary agreement on Cascabel with "the investor". It was unclear whether this referred to Jiangxi or Solg. The translated piece is here:
https://www.econotimes.com/Solaris-Resources-Warintza-Project-in-Ecuador-Attracts-Global-Attention-Chinese-Investors-in-the-Lead-1667077
Given the thrust of the article is Chinese investors and Jiangxi, I am increasingly leaning towards it being about Jiangxi. What preliminary agreement have we signed? None to my knowledge.
In which case, when negotiating this IPA, why would Solg be doing the heavy lifting, when the terms of the IPA are going to be relevant to the company actually building the mine? Jiangxi probably fancy themselves to negotiate their own terms as they have much more clout than little old Solg.
Moreover, given the 200m odd shortfall in our spending exploring Cascabel, and current cash balance and Mcap, the people on the other side of the table will be asking Solg where are you planning on finding the billions required to build this?
I think the radio silence on how this process is going (we have had meaningless soundbites saying it's going well but absolutely no detail) points towards it being out of our control as the terms are going to be relevant for the entity that develops, builds and mines Cascabel.
We have mothballed the company, we are in an endless strategic review, we have been prioritising drilling targets for nearly a full year now. There is no way I see us owning this project for much longer.
"Solgold has never been in such a strong position" S Caldwell - Nov 2023
Looks like Potty Mouth Polly has been busy down under.
Oh hope that’s not a euphemism for #needsac**k or two!
I am very glad to see my previous works still influence you Kalneedabari and your research in to me is productive . Maybe you can research about Solg and our rare, valuable assets and share with the good people in here instead of the constant jumping out from the curtains and sniping at them.
And of course ........ we’re still waiting for that explanation about the reasons why you have been banned many times, over many years, under many different infestonyms. Remember not to log on with your other E alias when you respond.
MR, I would have thought that you would be more concerned about the ceo's inability to execute and deliver 🤔
-No IPA.
-No SR outcome.
-No bid, no bid, no bid.
-No strategy to arrest the decline of the SP.
-No beneficial rapport with BHP.
I could go on, but the pending raise will focus your attention shortly, imminently 😆
Would be a better way of posting here
many sore feelings , off hand remarks , bitter cups to drink ,
may Allah bless the one keeping peace , leave the dirt on the ground for planting seeds