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Pages 12-13 for where they talk about the need to funds..
That 20 million is not going to last long before we have to raise… and at this level, it’s going to hurt. The longer they leave it and let the cash level drop, the more our share price will come under pressure and the more any investor can exploit our desperation..
right now, with nothing to support them, the treasury shares are simply not enough.. Nice one Scott, good job.
SM, not sure I understood that.
I suppose what I was getting at is a point I've made before, which is that it's difficult to describe us as an Aussie business anymore and I assume the Brisbane office is used only for board meetings. Which must beg the question, do we actually need it? In fact the same is probably true of London. If I was a CEO on a cost cutting mission, I'd see those overheads as very low hanging fruit.
Add, we are renting our office space in Brisbane, so if they are they'll be remote
I'm struggling to see the cost savings that Scott has been championing?
Cash at Sept 30th $22.9m. Prior quarter £32m. So $11m burn in 12 weeks?
At this rate, they won't be able to sign off the next MD&A for Dec 31st on going concern basis as won't have sufficient cash to see out the forward looking Q1 period.
And Scott say's we have enough cash to see us through to June 2024?
With cash burn rate running at about $900k per week, we are now 6 weeks on from Sept 30th so cash balance likely around $17m now.
Drops to $10m around end of year.
Oh dear Scott... AGM looms, cash shortage looms... all the cost savings taked about... yet you've virtually spunked through $70m in a year. I think that's the largest amount I have seen spent when doing zero exploration and virtually zero work on ENSA.
Gob smacking incompetence.
Sorry seanhunter a discussion for adults?
Your question was beyond childish.
You honestly think that six Solgold people were going to construct Cascabel.
I think I responded in the appropriate manner to such a daft question.
FTE's:
1) SC
2) Stackhouse, CFO.
3) Christina Robinson, Director Corporate Operations and Comms.
4) Ryan Kee, VP Finance.
5) Ryan Wilson, General Counsel.
6) Santiago Vaca, Geologist.
7) Perry Holloway, Director Strategic Affairs.
Apart form the fact there appears to be seven and not six of them, we're not exactly overburdened with people who are mining experts, are we? And are any of them based in Australia?
We also are yet to engage a third party to complete the PFS
Quady have you never heard of a civil question? If you can't reply to one without resorting to cheek then I suggest you refrain from joining a discussion board with adults. You embarrass yourself yet again.
Seanhunter even you cannot be that stupid.
Have you ever heard of civil engineering.
Look it up, it will open a whole new world for you.
6 full time employees.
Doesn't sound enough to start digging a mine does it Quady?
From a brief read-through I can't see anything new, but then again these documents aren't released for that purpose.
I note we now only have 6 full time employees in the 'leadership team' and that a contingency has been made of 716k in respect of employment costs. I wonder if that relates to the action DC is taking against the company?
In the meantime, orchestrated high inflation, tumbles (4.6%)...bodes well for stocks in general!
ATB
Your parents must be so proud of you nal......................lol.
Needalife , it's probably best I stop ridiculing you.
Your beginning to sound like a highly strung pre pudesant 13 year old.
I'm worried about your mental stability.
A shame to see no one popping up to support you.
Needalife The irrelevant 2wat god help us
😂
Novice, it's probably best I stop ridiculing you.
Your beginning to sound like a highly strung pre pudesant 13 year old.
I'm worried about your mental stability.
Nice to see copperpot popping up to support you.
Novice and copperpot. The dream team god help us.
Those were the days copper !! But I’m fairly confident that that figure will be in the rear view mirror in a few months given all the noise coming from the site
NM............lol.
Let’s hope the corner has finally been turned and we continue the decent momentum we saw yesterday as we head into the agm. Can’t stay down here forever
ONWARDS AND UPWARDS!!!
The SOLG interim MD&A statement for the quarter ended Sept. 30, 2023, has just been released and is available at this link:
https://ceo.ca/content/sedar/SOLG-2023-11-14-interim-mda-english-acb3.pdf
Very much so and the west is asleep at the wheel when it comes to securing resources. Imagine the price action when they wake up?
MF both clips are interesting. Biden is hooked on borrowing he can’t afford and US families are spending money they haven’t got. Both point to rate slashes next year. M1 has been falling off a cliff edge
A cynic might wonder if they cause wars the World over to sell arms on purpose :)
Unbelievable that my post was deleted. Pathetic.
If you’re referring to me, I’ve never discussed Saka online, I’ve no interest in gunners players.
You’ve got some fetish that myself and other posters are all the same person and you can’t let it go.
Very weird bloke indeed!
saka? confusing me with someone else i’ve never had anything to say about him.
united fan here, couldn’t care less about ****nal