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Thankfully not a re write of Maxit and mates trousering the CGP shares for a song Drake. Hopefully you won't post that one again.
The fundamental disagreement here, add, is that I believe this is a loan drawn from desperation. It's not that we're going to make more money than the loan costs is in interest. I don't believe we're using it for Capital structure optimisation. And as a loss making company, it ain't for tax. So... Any answers, or just personal criticism?
Good piece on the proposed t/o by Alistair Osborne in the Times today.
Bottom line is structure of the deal was never going to be accepted.
https://www.thetimes.co.uk/article/61382e55-6a24-4e68-927b-63f33ef826bb?shareToken=935a1c976ca0795026de8d9d4e5b8b63
Totally irrelevant, I’ve explained many times before it’s beciase of tick size on TSX
Someone with an illustrious corporate career and who claims to be a investing titan would surely understand this
It's not a big leap these days to achieve the following especillay when you have a world class asset like Alpala in a pro mining country under Noboa (on a select few licences etc) and with Copper and gold at all time highs.
So lets see...
Franco in for $300m, Osisko in for $300m, Mitsui in for $300m. That's a significant portion sorted. Then, lets go with jiangxi and or CRCC tonguan for $1bln (or split between them) and in exchange, they get 5% CGP shares, Porvenir and a few other blocks and 30% stake in ENSA. SOLG retain 70% and free carry to first production. Earn in deal gives Chinese further 30% for funding phase two and spend of $1bln.
Personally, I couldn't give a toot what they line up as I think it's 99% certain to see alternative offers or proposals from likes of NMM and BHP. These two will not let chinese or SOLG carve up ENSA again.... not without a fight. They've been sitting on hands waiting for Bob to show his hand. That time is arriving soon. If the chinese hold around 10%+ SOLG shares (assuming above) then they'll do very well out of it even if they lose based on 3 or 4 times their investment.
FWIIW... I think Bob will reveal an offer before he reveals finance as think the latter is simply to get an offer tabled and that will likely arrive before any finance is announced... that's the way it usually works.
Sleep well orpherncopper... I think you'll be surprised at what comes next.
Where can we get the information for the msci rebalancing? I have checked the website although I am unable to locate. Any assistance would be appreciated.
9.86 on TMX
Taking it to production Quady..........
What did Irwin et al state - we're not mine builders.......????
Interesting developments..............is Sangha finally getting deals done????
Waits..........(still longer.........) with exhausted - baited breath
R''s (All)
BN.c
SP won't be down here for too much long
'Do successful companies take loans?' Did you really ask that question? Are the capital markets a complete mystery to you?
I'm getting worried about you. Over the past month or so you appear to be running out of steam. Maybe it's time for you to take a break?
Chris Stackhouse, CFO of SolGold, commented, "These developments are significant for SolGold as we continue to establish the financial foundations necessary for the next phases of the Cascabel Project. The strong interest from potential financiers not only validates the Project's exceptional prospects but also strengthens our capability to achieve planned milestones."
It is important to note, however, that while the Financing discussions are advancing, the completion of a transaction remains subject to negotiation, and there is no guarantee of a finalized Financing transaction. The proposed Financing is expected to be subject to certain conditions, including the receipt of necessary permits and agreements, a final investment decision, and additional stipulations, some of which are still being defined.
This announcement has been approved for release by Scott Caldwell, Chief Executive Officer. Certain information contained in this announcement would have been deemed inside information.
Clearly states further funding by capital investors, will be subject to future permits.
So all down to the government now.
As we have multiple backers, for finance.
Not sure the rampers here would let it get to a penny.... Though didn't you say it would never go below 20p, DBW?
Your opinions don't count because of your posting history 👍
In fact orthern why not sell all yours now and buy em back at a penny in a few months after the car crash funding?
Spoken like a true shareholder
Im sure there will be a deal down the line after todays RNS... but it wont be in the next few days or few weeks... That 10 million dollars is clearly intended to tide Solg over as a going concern for months not days..
The share price is not going to rocket anywhere yet... no need to rush to buy more just yet.
Does she realise nobody is reading?! Silly cow
Typo last post.
The mystery company giving loan.
"MIGHT"* state
1984 …. Exactly right
The funding package ( I’m guessing off take ) could be 100’s of m’s ( a significant portion) and will no doubt be reversible in the event of an acceptable bid.
1984
Yes , in principle.. you might be correct.
And the terms of this mystery company.
State , get the licence and all the I's and T's dotted and crossed.
Then we will SIGNIFICANTLY fund the project.
Now the clues are in the RNS.
SOMEONE, is keen to get on board and a loan of US$10m and future investment to make it a SIGNIFICANT amount.
US$1.55bn is required ... I personally don't know how long a piece of string is . But I do know $10m isn't significant in the grand scale of things. Looks like we are pushing forward into initial production.
And this will certainly stir the pot today.
If the big boys ain't paying attention, they most certainly are now . Aimo Gl
Do successful companies take loans, or raise funds from investors? Just answer that question with either option, then start to understand why taking a loan is never a preferred route taken by good companies.
It's not about my opinion on what's best for financing. I just pointed out that Scott's non-dilutive claim was nonsense. The other day I thought you were slowly getting there, realizing that money doesn't come without giving something away.
If you're happy with today's admission of failure, good for you. I get the impression your investment strategy is based on blind hope rather than reality anyway, so it's little wonder the company can do no wrong.
Oh, and would someone tell slug that he's the one claiming to top up at these prices... God knows why. Some of us are safely out, bar a hedge.
My reading is that the ten mill is runway to get the final permits/agreements and exploitation licence rubber stamped
Flexible facility, might not need it all. It’s up to neboa and his silly servants to get their fingers out if they want this mine open and printing valuable dollars for him to spend
Now , I can't be the only one reason this?
PROPOSED...
PROJECTED to cover a SIGNIFICANT portion...
Now today's RNS . US$10m value doesn't even scratch the set up costs ,US $1.5bn
So who is this mysterious unnamed company, and is the US $10m just the first loan.
The question ⁉️
We need to be asking.. are we now fully funded in principle for going forward.
More news to follow imo.
"This proposed Financing ("Financing") is projected to cover a significant portion of the estimated initial capital development costs of the Project, highlighting its position as a Tier 1 asset and a premier investment opportunity."
Buy high sell low
#stackenomics
How else would the company raise money in a way which met with your approval? We needed working capital and we got it without your predicted massive dilution. Of course, if you know of other sources of finance I'm sure the company would welcome your advice. And whilst your at it, could you explain precisely why this arrangement is a car crash?
As for the long term project financing, none of us know how that's going to emerge, not even you.
As for investment in Ecuador I wasn't referring to today's news, but the previous deals struck by Rinehart and others.
We needed cash, we got it.