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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.
SP is not going into 20s, But Gold seems to have a good run
I am with you but the sooner this is turned into cash the better.
Jerry the reason finance is easier now has nothing to do with the markets.
Finance will always be available for cost effective projects that comfortably produce enough revenue to support a fast payback.
We now have 100% of ENSA. This is what makes it easier.
Sean, given you assuredness of a bid, why don't you just head off now? You've gone from dry-witted and humorous Glaswegian to tin-foil-hat-wearing grumpus, accusing posters of having an 'agenda' and trying to shut down well meaning discussion. I used to look forward to buying you a pint once we all get our long overdue payday here, what has happened?
For the record, I am not ramping this share because it would be pointless - there is nothing in the immediate future to boost the price back into the 20s.
But I'll say on record - we will be sold. A bid will come. Within months.
Otherwise this share is virtually worthless. And I don't believe that.
I take it from all the green lines that Quady is throwing his toys out the pram again.
The thing about a bid is there won't be one until there is one. And when it lands everything here will be blown out the water instantly. No discussion, no apologies from those who were wrong, no self-awareness about banging on about production for years. I won't be looking for thanks or comradeship, I'll be taking my cash and going.
The alternative is year after year of drilling, then diluting, jam tomorrow forever.
The money we have in the bank wouldn't cover the first 5% of costs involved of going into production, which is why the guys in charge - like me - have binned the idea very publicly.
The fact that we have a hardcore on here who don't seem to know we have merged with CGP, who is now in charge of OLG, and what their clear intentions are is not only worrying, it is extremely annoying, especially withQuady who - having been proved wrong - is sticking around only for nuisance value and to disrupt the board more than Slug ever managed.
I haven't "turned against this share".
But what I'm not going to do now is ramp it to high heaven with brash and overconfident statements about how we're nailed on to be sold.
If it happens great because LTHs deserve to make some coin given the struggles we've had to endure.
Certainly cynical Italian...
Let's say the movers and shakers at CGP owned 30% (Sangha has 20%), they will get 165 million SOLG shares. Add to which we know Scott has 18 million and Sangha bought 23 million in the recent issue.
That makes a total of c200 million, which is c8% of the increased share capital.
How does that 'take control of the company'?
Mather/DGR have c16%; BHP and NCM c12% each...
Scott is only interim CEO...
Now I'm quite sure the CGP 'mafia's have rowed in to monetise their investment, with CGP having become a bit of a dog needing regular infusions of cash, but...
I'm certain that Mather and the CGP crowd are set on selling to the highest bidder and I'm happy to piggyback them to a life changing bonanza for me and the missus...
Bring it on...
'funding is now easier than before'.
Now there is a man with his finger on the financial pulse of the markets. Recession looming, rates rising, banks withdrawing credit, money supply collapsing. Yep its so much easier to get funding.......
Absolutely clueless.....
“But the events of the past 2 months- the merger and the AGM have confirmed that we are not going into production nor are we looking for a JV. We are going for a sale”
Exactly Sean …. One day a press release will drop and further speculation will be impossible
"Lastly if you are deluded enough to think a bid is imminent you have to explain why the wider market says you are wrong. Just look at the share price as it's not indicative of a bid anytime in the near future."
I think a bid will come but certainly not for now.
Seanhunter you are the only person telling lies and spreading misinformation.
1=) The company has never stated Alpala or Cascabel is up for sale.
2=) They have stated many times ( although not recently ) that we are going to production.
3=) We are undergoing a strategic review to advance Cascabel and look at the company's options.
4=) Yesterday SP Angel put out a broker note stating a faster route to production and we are continuing studies at Alpala.
5=) We just raised 50 million for exclusive use on Cascabel and that fits in with the SP Angel announcement.
6=) We now have 100% of ENSA and thus funding is now easier and cheaper than before.
7=) When Ingo was on board he announced that we had a billion of funding ready to go.
The situation today is easier to fund.
You not only sound desperate but uninformed.
Lastly if you are deluded enough to think a bid is imminent you have to explain why the wider market says you are wrong. Just look at the share price as it's not indicative of a bid anytime in the near future.
Its been enjoyable watching Sean's frustration.
If SOLG say they are going into production I'll eat humble pie and shut up permanently. And sell up.
But the events of the past 2 months- the merger and the AGM have confirmed that we are not going into production nor are we looking for a JV. We are going for a sale.
Those in denial about this - or who are simply obsessed with disrupting this board and talking about things which 100% contradict what a director has told us in interviews - are clearly determined to keep banging on about production, or yapping on about other shares which have NOTHING to do with us. Every time I look on here someone else is trying to derail the discussion. They are in complete denial about how things have fundamentally changed and spreading misinformation which contradicts what the company directors have clearly told us.
Some of you LTHs have turned viciously against his share - I suppose you wanted an endless cycle of drilling, dilution, drilling, dilution... but those days are gone. We are finally in the hands of some hungry people who want to make the shareholders some money.
That's fine then Sean. I won't expect to hear from you claiming such mammoth surprise in the event that SolGold are going to continue developing Cascabel.
Not likely.
Bozi it has NOTHING to do with us. Period.
SP should have been in 20s
Sean - I've been less than complimentary despite holding the shares, as is my right.
You should either take no notice of views you don't like or challenge them in a constructive way.
The choice is yours.
Sean - there's no physical connection between the companies but there's a fundamental connection, so yes it is relevant.
We'll done for getting the conversation cancelled though despite berating Quady since day dot for doing the same. Hypocritical much?
All SOLG shareholders should be acutely aware of what happened at LND yesterday. It's the undesirable outcome of a strategic review.
All your punters like Sean bet the takeover and they get roasted.
Lets hope that does not happen with SOLG.
TheItalian, that is quite the cynical take! If that were the case Bob Sangha will have destroyed his credibility and reputation and no one would trust a thing he had to say again. I think the very public nature of this takeover and the PR campaign that ran along side it is a sign of confidence of monetization rather than empty bluster.
DinnerMoney, Bozi - thanks for your responses. Glad I'm not going mad.