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Not cascabel ,quote one other the other ..
Hi Bozi
You always ask reasonable questions in a reasonable way. The answer is that I don’t honestly know. No one does but I just don’t believe they’re along for the ride…. We have a huge asset that we are clearly incapable of taking to its maximum potential.
Someone will and we’ll all do ok .
We don’t agree on everything but you’ve always remained civil and hopefully the end game will benefit us all.
Evening Bozi according to SP Angel we have gone straight to the BFS study. Link below.
https://www.proactiveinvestors.com/companies/news/1002961/today-s-market-view-azure-minerals-blencowe-resources-cornish-metals-and-more-1002961.html
So when should we expect Jiangxi's opening proposal then DBW?
How does end of February sound?
I think we have to consider the potential that Jiangxi and BHP will be happy with their strategic stakes. Let's not forget that we've got a fairly unsophisticated PFS on Alpala that has some potential for adjustment and optimisation, but we've postponed the work.
What sort of message does that send?
Why aren't we completing a PFS that paints our flagship project in an even better light whilst we have a strategic review ongoing?
These are the questions that need answering.
It is ramping Redknight.
There's nothing to say a ramp can't play out. But calling an event that hasn't happened yet and mixing it with subtle encouragements to buy stock is ramping.
That's how it is. May as well embrace it.
Hyfligman - your 23:05 post last night exhibits all the warning signs I'm talking about on this bulletin board.
I'm very sorry to dampen the mood of you and the 13 others that recommended your post but there's no way on God's green earth that the Chinese are going to offer us a 250% premium.
It just isn't a possibility.
If they are interested in the company then the most we can expect is 30-40% on the last closing price the day before. It will then be on other parties to have their say.
We'll therefore need at least two interested bidders and they'll both/all need to make multiple bids. It's a lot to expect.
Please don't burn yourselves with unrealistic expectations.
.. inviting the Chinese in is no different (at one level) to inviting Newcrest in. Diverse book and all that. And remember BHP only got in by buying the shares certain characters held who had switched to Cornerstone. However, I really don’t see the JV narrative favoured over the full on takeover takeover battle I sense brewing with these deep pocketed characters. And when it comes to a gamble, that final bid before the hammer comes down, then the Chinese likely have more room for bidding on Solgold speculatively with its pipeline of unfulfilled, indeterminate potential than BHP ever have. Bring it on I say. Until then, I’m adding as I can.
Oh dear Redknight they own 6% because Solgold invited them in.
I believe this has to do with the Strategic review.
A JV making more sense every day to bring Alpala to production.
Agreed Smickster.
Morning Red
Exactly right ….. the beauty is there’s no way Jiangxi will settle for 6% and there’s no way BHP will stand by and let them take it from under their noses. Would love to see a 3rd serious player enter the fray but maybe I’m being greedy.
We need to get this merger settled but that’s not far away ….. just a waiting game my friend
Let's hope so Quady, ridiculous loss of innocent lives on both sides.
For those who still think talking of a bidding war is ramping, ask yourself this simple question...
Why would the biggest copper company in China...essentially owned by the Chinese government, who have just done a groundbreaking deal with Ecuador...buy a measly 6% stake in a company whose most advanced asset wint be producing ore before 2029...?
Their investment cost $36 million, which is peanuts for them...
It can ONLY be a precursor to a bid(s)...and remember they know the company because they already had a toehold through Valuestone...
Simples...
https://knoema.com/kyaewad/us-inflation-forecast-2022-2023-and-long-term-to-2030-data-and-charts
If inflation is going to fall back to 3% in 6 months time, that must mean the Ukraine war will be over in 3 months.
Highflyigman,well done on adding further ,indeed our time is coming very soon imho ,enjoy your weekend ,how refreshing to see a well balanced honest post all about solgold
"... "Inflation is expected to fall back to 3% levels in next 6 months or so"..."
PMSL.
Z
Fortissmo, r.e "Inflation is expected to fall back to 3% levels in next 6 months or so" - do you have a source for this? That seems like absurdly wishful thinking.
Well done him...right on the money...
However I still think there are enough people 'in the know' to see some improvement after the merger is legally complete and before the first bid...
However, it could come straightaway after and anyone who has Hope's of a bid, or shorters, are playing a brave game if they are waiting...
As DBW has said, we could 'wake up' one day to a bid and I'm much happier being fully loaded, like you, than waiting and watching...
ATB
Thanks bubble, but I only give one about the day we open 250% up once the Chinese make their move, then we are under starters orders for 'The Battle for Cascabel'. When will this be? Well, a fair few posters I hold in high regard say the price will drift up to late 20 -> 30p once the merger is complete and ARB is taken out of the equasion. On the other hand, WI replied to a tweet of mine to say the SP won't recover before we reach step 3, a bid of some sorts. Either way, we won't be at these levels for much longer and I've added another 250k this week after closing other positions to release funds. Have a great weekend all, the trash talk is nearly over and we're on the way to the ring!
Up 3.28% 32 cents buyers still there
I went to the supermarket today and saw this:
https://tinyurl.com/hrjy8cfv
It reminded me of the old Solgold gang.
Happy Friday everyone!
Fortissimo lol cuddling up :):)
Q, we're clearly a very long way off having a DFS/BFS, therefore there's no chance funding is 'being raised in the background'.
In simple terms, the previous PFS was like banking a mortgage at 3%. If they went for a new PFS (updated) then they'll be getting a 6% mortgage.
There's absolutely no sense at all in revising the PFS down due to what looks like short term inflation concerns.
Porvenir PEA would undoubtedly be benchmarked to current price levels with bucket load of inflation backed in resulting in a rather tepid economic story. Inflation is expected to fall back to 3% levels in next 6 months or so and broader markets are beginning to move to pricing this in. SOLG has not yet moved at all. Still stuck in the 'world is nigh' channel established in the market wash out month of October 2022. As of now the DOW jones is just 2000pts or 7%+ off all time highs! SOLG is trading like broader markets are at multi year lows.
Doesn't make sense and likely is sentiment based. The market didn't blink much on the last PFS so I doubt management see any sense in rewriting what is already a decent PFS whether the market can be bothered or not depends on whether a buyer or partner is interested.
Judging by the way Lasso and Chinese are cuddling up, I'd say the chinese are very interested.
Hi DinnerMoney this is interesting, look's like they are settling on the PFS they have and going for the reduced block cave model.
However the SP Angel broker note said they were proceeding with the DFS. So maybe finance being raised in the background.