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Maybe it's our World Cup squad?!
Market feels we go rid of £1million a year deadwood?
Sp gone blue sharply, another RNS before close with some clarification maybe.
Sorry mistermeister you are correct.
That's correct LunchMoney they can't, they can only use it to advance Alpala.
That's the nature of an offtake agreement.
They don't have 0.6% for all tenements only for Cascabel, so can only be spent on Cascabel.
But I know you are aware of this.
All the best.
Quady - correction on your post. It is royalty not off take. Offtakes will tend to be settled after dfs.
Now thats an interesting thought DBW...
Itv would certainly put a marker down for BHP and might just hot up the takeover war...
From the FT April 2020:
"Copper group SolGold has strengthened its defences against a takeover, appointing Citi for advice"
https://www.ft.com/content/86119f6e-2453-44ee-955a-8737be98ffa9
Does anyone really think if a sale was in the offing, we would have taken the 0.6% offtake agreement.
Of course, we wouldn't.
LunchMoney we are not left guessing if the 50 million is for Cascabel.
We got it for a 0.6% offtake for the advancement of Alpala to DFS.
If Alpala is not constructed, then this is money down the drain along with Franco Nevada's offtake agreement.
Red …. Imagine if the CGP shares were placed with BHP ??
Highly unlikely but this share is anything but predictable
The 4% spike in 3 minutes on CPI news (and copper/gold flying) and the backwardation both suggest to me that there is one MM with a big buy order and the others were short when the news hit...
Ref RNS - one less mouth to feed ! Couldn't even organise a fund raise and decimated the SP during his tenure.
Was he BHP stooge after all ?!
Merger and Irwin's tweet - are we expecting a another surprise RNS where no one is expecting: Cascabel sold !
ATB
Dead cat bounce.
To be fair we were heading down here to the 16s anyway. I don't think the market gives a toss about todays news, and I'm not surprised.
We are simply going to keep sinking slowly until the "going into production" albatross round our neck is gone.
They need to act sooner rather than later. One simple statement from new CEO and we could be back at 25p.
Great work Italian….. asked something similar …. More around timelines ….. months or years
Wow! A live backwardation in NMS...16.67/16.59...haven;'t seen that for ages...
Yep, that was me on Twitter, glad I could get an answer from the Big Dude. I am actually hoping he comes back about my follow up question about the price of such sale, let's see.
I would not mind a nice Christmas present this year from SOLG.
GLA
Momentary...
4% in 3 minutes is flying by my book...short term...
Anyhow...gold and copper ARE flying...has to be good for SOLG...time for biddersvto sharpen their pencils...
M/M Core is what's sending everything flying:
https://twitter.com/bonker_99/status/1590701110012280832?s=20&t=qU24De3vaBmfLkN63RkWqA
Yes - CPI 7.7% vs 8% expectation. That's quite a surprise. Could cause Fed to go low and slow on rate rises.
I have.a hunch that Putin will agree to a peace deal soon but only to get through winter period and -40c out there and he doesn't have troops capable of surviving it as most untrained. All kick off again in March no doubt but the cease fire media nonsense will lift markets as inflation will drop sharper. Just a hunch .... . If I were Ukraine I would push on and push them back during winter but tough conditions and pressure from US might result in a winter stand off for all. Europe will be pleased as no blackouts.
DOW just 10% off all time highs. Markets bouncing, most stock up over 50% off October lows. SOLG still languishing at half price despite having no real funding issues or concerns for market to worry about.
I think we can agree that me and you have very different views of what a flying share price is… we are at an almost all time recent years low! and even if we close up in the green later today, to suggest the price is flying is a clear ramp.
Are you looking at live bids like me Orthern...?
The bid for 200k rose 4% in 3 minutes...
Everything up on better than expected US inflation figures lol
Lol its crippled and heading back to sub 15p
The share price is not flying anywhere… it’s on its ****..