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Novice,
Fair comment, just came across as unpleasant
Atb
Come on MF...have you had a humour bypass op...?
"childish fools"
Nice of you to pay us a flying visit to scold us all again.
But didn't Mark Twain say "Never argue with a fool; onlookers may not be able to tell the difference."
Asking for a friend.
Did you catch it off Quady...?
I'm not belitting dyslexia. There are 57 different dyslexias and far more people have it than even realise...Richard Branson for one. My son has it and I'm proud to say he refused any help at University.
Behave yourself MF, that is not what I intended in my post, however just thought it was "interesting"
Some of the brightest people I have the pleasure of knowing are dyslexic and I am in awe of how they deal with it ...
ONWARDS & UPWARDS!!!
More importantly, why have hubrisH posts from yesterday all gone ? Ive got a good idea,
"Persimmon cuts dividend as housing sales tumble". Oh dear RK
Redknight, Novice
Are you that perfect you never make a mistake? It’s not always about how someone says something or spells something is it, more importantly it’s the content and in what context.
Board always starts arguments when people are frustrated because their version of events isn’t or hasn’t happened yet, childish fools
Quady also has mild dyslexia ? Hhhmmm, and they both have the same philosophy, that's interesting ...
Whatever my grammar is....you're still impatient. I do have mild dyslexia....but hey....that's okay!
Were you typing impatiently...?
"your impatient! Your already..."
you're impatient! You're already..."
Typed at my leisure while I wait for £1...
Ah...a quick pay day...after 8 years...
RK, there lies your problem, your impatient! Your already making plans for money you don't have in your account. You don't want shareholder value.....you just want a quick pay day. You've just proven all that I've thought!
What will be your net cost of capital while you wait 10 years for your £3 and dividends...?
You're kidding yourself if you think that NM, WI, Bob Sangha, Brooke MacDonald and even most people on here want SOLG to take Cascabel to production...
And you're missing an important point...
You may be prepared to hold a big chunk of SOLG for years to get a dividend which may be 1/2% and then opnly in 10 years time, but..
I want to put the proceeds of a successful takeover bid into a whole echelon of bashed down high yielding FTSE stocks such as Persimmon, on a historical yield of 18.75% and with a full order book...but I expect to buy them even lower when I cash our chips...that way my £1 would be £3 with dividends in just over 5 years and I'd still have an annual income of at least 18.75%
Give it a rest RK with your obsession about the share price, Day in, Day out!
Z
Exactly Red .... that's what they were shouting from the rooftops until recently
Sure Copper .... all about opinions
My opinion is that there will be a rerate soon , more news out of left field and we maybe be able to obtain decent shareholder value sooner than we think
The true live spread in Normal Market Size is 18.17/18.452...NOT 18.02/18.50
And ~I'm still bid 18.1254 for 300k...
DBW, it depends which side of the fence you're on. Maximising shareholder value for me (and probably others (including NM etc) is .......production and a share price of £3 -£5 in 5-7 years time. Some here would be happy with less than a quid within a year.
Like I said.....it depends what shareholder value means to the big boys, and not us minions here.
Good luck matey.
Full text below, if you can't access it
"Brisbane-headquartered SolGold has secured $US50 million ($77.3 million) in royalty financing as it looks to advance its flagship Cascabel copper-gold project in northern Ecuador.
SolGold, which has BHP and Newcrest as big shareholders, said on Tuesday that it had struck a deal whereby Osisko Gold Royalties Limited will provide the funding in return for 0.6 per cent net smelter return royalty.
The latest deal under chief executive Darryl Cuzzubbo comes after SolGold confirmed it was in talks with potential partners in Cascabel as part of a strategic review of the giant copper project.
Perth-based SolGold chairman Liam Twigger said the funding removed the financing overhang that has encumbered SolGold.
“SolGold can now devote its complete attention to the strategic review process which is currently underway to maximise shareholder value,” he said.
SolGold, which is listed on the London and Toronto stock exchanges, had to withdraw a potential capital raising in July.
The company then parted ways with former Oil Search executive Ayten Saridas, after her short stint as chief financial officer, and two directors. It has a prickly relationship with BHP, which owns 13.6 per cent of the stock, and Newcrest (13.5 per cent).
The financing deal with Canada’s Osisko includes an option to buy back a third of the royalty, which covers returns from the Cascabel licence area.
Osisko chief executive Sandeep Singh said SolGold had one of the best copper-gold discoveries made in the past decade.
“SolGold was a first mover in Ecuador and we view the broader Cascabel property as having the geological potential to support significant further discoveries,” he said.
In October, SolGold unveiled a deal to simplify the ownership structure of Cascabel through a friendly tie-up with co-owner Cornerstone Capital Partners.
The deal would see Cornerstone, which has a 15 per cent stake in Cascabel, emerge with a 20 per cent stake in SolGold and at the same time dilute the BHP and Newcrest stakes down to just over 10 per cent apiece.
SolGold would then own Cascabel outright and become a more tempting takeover target
In announcing the deal, SolGold confirmed the strategic review aimed at securing enough longer-term funding to see it through to a final investment decision on Cascabel."
Yet another excellent find DBW...
And for those who are STILL convinced this is going to production, please reread this:
"“SolGold can now devote its complete attention to the strategic review process which is currently underway to maximise shareholder value,”
Shouldn't he be saying:
"“SolGold can now devote its complete attention to the development of the world class Cascabel project"...?
Look at that wide spreasd asgain...defensive?
I suspect that one MM has a big buy order that they are still working, because...
I'm bid for 300k at 18.14 against a market quote of 18.02/18.50...
https://www.afr.com/companies/mining/solgold-gives-up-royalty-slice-to-help-fund-copper-project-20221108-p5bwjc
Perth-based SolGold chairman Liam Twigger said the funding removed the financing overhang that has encumbered SolGold.
“SolGold can now devote its complete attention to the strategic review process which is currently underway to maximise shareholder value,” he said.
Writing on the wall
RK - I'm talking about actual asset values rather than those capitalised on the balance sheet. I can't speak for Noront but clearly only a fraction of the value of the project was being recognised.
So you take a starting valuation, be that a NPV for Cascabel or EBITDA multiple, discount it to account for the level of remaining risk and then subtract the outstanding debt at asset level being the two royalty deals.
Same exercise for Porvenir and a sum of the parts for CGPs other assets.
From there you can build out to a value for the corporation.
But I'm sure you know this.
Copperpot,
stop talking carp
SOLG will not be going to production. Ask Irwin and the CGP boys.... they have already told you where this is going and are so sure of it that they signed over their company and only bit of leverage in the matter.
These are money men. Maxit et al. They don't move over to another side unless that side is where the money comes in.
Now put your tackle away.