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Moving now. Big thanks to novicehunter. Forgot i had these in my bottom drawer from years back. Bagged without even knowing
Although my initial reaction to this morning’s news is positive… the more cynical side of me does think if our share price had not been driven in to the ground, by the actions of (or lack of actions) by our board, we would not have given away another slice of future value…
The news is more a relief we now have funds, and an ability to continue towards the Cascabel DFS, rather than happiness that management have chosen the ideal option from any position of strength. A royalty deal was probably the only way forward given printing hundreds of millions of new shares just before an AGM would have been suicide for the board.
So although I’m not exactly overjoyed with another streaming deal… it does give us stability, in the run up to any monetisation event that comes from the strategic review. Hopefully providing a satisfying exit point from a share I have grown incredibly weary of holding, and I’m sure I’m not the only one….
These are the boys to follow in getting SOLG sold.
Irwin is closer to the action than anyone else.
COMPLETED-COMPLETED-IN PROGRESS are the key words for me.
I am just hoping that the bidding war starts sooner rather than later.
All to play for now.
Addicknt apols my typo auto correct :(
Bubble, Mitsui not Matsui. Two different companies.
Anybody think we may hear some more news regarding matsui?
Tick up, big move coming?
I don't think so; the share is only 0.6% of the Ecuador prospect. This shows the confidence Ossiko have in the prospect, and they want a bite of the spoil.
I see this as a great investment, and read carefully; there's a buy-back clause. Let's hope this takes us into the 25p range again in the next week or so!
Of course, you just can't get any work done in the dark.....:)
What else can you do when you have no revenue????.....
Sell part or all the assets is probably better option but you will only achieve that for a decent value when you hold strong hand.....
that the whole Plan A, Plan B thing has gone out of the window.
It's perfectly clear the Strategic Review is taking precedence over everything else and although the board is under no obligation to implement the recommendations of the advisors, it would be pretty self-defeating if they did...and disastrous for the share price.
So the question is: what is the most likely conclusion of the process?
Sacrificing future revenue/value in order to keep the lights on.
The NSR values Cascabel at 55p/share...
BNC, hi
I don't think we are suppose to please the like of BHP,or NCM.....we are hopefully doing what is right for us to make them/tempt them to make a move......so far they are not in a particular rush to do that, it's like a chess game in the longer run.
ATB.
Correction...18.74p was the highest price paid...
When we break 19p its a big chart point...
And don't forget they're beinbg diluted down to just over 10% BNC...right royally p*ssed off I would guess...
Beggars can't be choosers.
Have a word with those that reduced us to beggars over these past 5 years...
BrokeNovice depends who you are serving. If you think we are all here to serve BHP/NC you think this is a bad deal. If you think the company should be doing the right thing and contemplate a sale and put the company on a sound place then you think this is a good deal.
By my simple estimate, we are buying 15% of Cascabel for 13.3% dilution...
In NPV terms, $400m (£350m) for just over £50m...
Which is good business anyhow but...
You simply can't put a value on having 100% control and ownership of Cascabel, whether to sell that or the entire company...
These shares are still cheap as chips...having bottomed at 17.7p, but...18.70 already paid and volume so far already approaching 2.5 million shares traded...
so the franco deal with NM at the helm was seen to be the worst
yet now we're all delighted including those canadian guttter snipes irwin et al
funny how it suits when it suits.....................unbelievable!
lets hear what NCM & BHP have to say shall we
cant see them being too pleased based on their previous comments..........
Good morning SOLGers,
Today news although not a mouth watering is certainly very positive to shore our depleting kity for the near term and give us much needed time to sort out the longer term financial situation (until we get the big boys finally take us more seriously......)
Onwards and upwards guys.
:)
And I agree with him 100% - that third step is everything now and it's going to take the right kind of drive and energy to deliver it.
We need to get our finger out our backside now and get a sale arranged.
Much appreciated seahunter Thank you
Pinot
:o)
SharketMare we don't know what the strategic review will throw up.
Plan A is still production until Solgold say it has changed course.
Here you go pinot:
Warren Irwin
@bigdude6669
·
5h
@Cornerstone_CGP
@SolGold_plc
First Step - Friendly Merger with Cornerstone - COMPLETE, Second Step - Raise US$50,000 in non-dilutive financing - COMPLETE, Third Step - Realize full value for SolGold Shareholders - IN PROGRESS. Impressive positive progress for SolGold, congrats!
You can read twitter from a site like nitter.it