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Q, he doesn't think things are going on in the background. According to him, nothing has changed.
Yeah I read their previous effort last night - looked pretty solid and would expect to see further increase which they hinted at.
This is on page 235 of the technical report.................
SolGold has to date received ten qualifying Expressions of Interest (EOI). Demand for the Cascabel
project concentrate from traders was significantly in excess of planned production volumes; as such,
SRK remarks that it is possible that metal payabilities, precious metal refining charges and payment
terms could be finalised on better terms than previous conceptual assumptions.
SolGold has also received material offers of funding in exchange for offtake from a number of traders.
These include the provision of both short-term and longer-term capital with proceeds available for
studies, mine construction and cost overruns as well as working capital during ramp-up.
No offtake agreements have been entered into at the time of this report and the QP has not reviewed
any of the Expressions of Interest received by SolGold.
Morning Tesla, I agree things happening in the background but we still have a way to go.
Mog you misunderstood me.
Companies do, but we cannot.
People on here, the so called experts have said no other way but to sell.
Today that has been proven wrong.
We have made a commitment to fund 3.2 billion dollars.
And the government have accepted that we can do it.
Sorry addicknt, this is the quote of the day
"This is not an investment where you run a slide rule over the figures and decide what is feasible and what isn't."
I'm sure that is what all the large companies do, and also PI calculate value based on resource in the ground etc etc
Quote of the day: ' Nothing has changed'.
Up 7% today on 6 million volume and 8.92 already paid...
That price was 57% above last Monday's low...
For those interested in broker estimates, Hannam are going to update theirs after they review the 43-101. This time not with a Jun 2024 time horizon but still it would be nice to see an uptick from the previous 63p forecast.
Morning Quady
The rampers are very excited this morning, the rise means they are clawing back some of their heavy losses.
Of course they will try and infer things are going on in the background that are positive.
It was the same when BHP were about to be released from their golden handcuffs and the 40p share options would be manipulated so they made a profit for the holders.
It was all BS.
Nothing has changed and the rise is in hope that something will happen.
It always happens before an rns and generally falls back as the rns disappoints.
A non dilutive finance package will make a difference as that would be positive.
However until that happens this won’t move that much
Wyloo and Gina are known for building 5% + positions on market in target companies rather quickly.
With the liquidity we've had last 3 weeks, it could be perceived a group or two are building a position.
True price is 8.78/8.88 in 200k...
Through resistance at c8.5p...
20p pre funding news.
Post funding news and we will hit a £1b market cap fairly quickly.
News before then could well be a new party on the register as the stock is being hoovered.
WoW1 In profit for the first time in 21 months...
All good now...
This would be nice
5m traded in first hour which is fast becoming par for the course these days.
News flow .... UP
Metal prices ... UP
Volume ... UP
Share price ... UP
Sentiment... UP
green line BB count... UP
Double digits on the way and this time... single digits should never be seen again.
Worth posting this again. Non dilutive financing next up taking us above 20p. Then people will start realising the potential. All in my opinion.
RE: Great time7 Mar 2024 09:29
Roxi I agree. In my opinion the only risk with SOLG was their financial viability. Slashing their burn rate helped but to me, having a recent MOU signed for a Hydro-Solar plant with multiple multinationals to provide additional power to Cascabel, and most notably the confirmation of the $3.2bn commitment to actually build the mine has taken away all perceived risk. You simply do not get the President of Equador changing his diary to not only take the 8 hour flight to Canada but actually stay longer than planned just to sign a flagship history making deal with little SOLG IF he wasn't 100% sure the mine was not 100% funded and would be built. There are very exciting times ahead. 50p-£1 is realistic for this share, sooner rather than later. But, I'd emphasise its just my take on things. GLA.
SharketMare I have been investing for 43 years now
I don't need to work and can have anything I want in life.
That means I am good at it.
I don't think you understand what we have here.
This is not an investment where you run a slide rule over the figures and decide what is feasible and what isn't.
But maybe it's because I more positive about the outcome that I am more relaxed than most on here.
Yep something brewing
4m traded already
Non Dilutive financing = No cap raises necessary.
An NSR and Offtake arrangement can cover capex bill.
If we show Jiangxi that Franco can give us a $1b NSR - they will match it.
"A hybrid non-dilutive packing via Jiangxi"
Can you spell out what this actually means, with numbers next to it? Jiangxi aren't in the business of providing non-dilutive funding to the tune of billions to companies they hold a small stake in.
Separately, Quady, your leaps of logic have no bounds. Never has the word 'hence' been so misused.
Fortissimo what has been dragged out on GGP! Thats a bad example as name me one other jv that has moved so fast to get to production? Nothing is being dragged put there
A hybrid non-dilutive packing via Jiangxi allows us to control things.
it cannot be compared to GGP situation.
Nm