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This is SUCH a clever move...
Share price spikes...then they sell the 6.7% at a higher price than otherwise would have been....
And share price spikes again!
30p by end of the week...?
Yes Snowman.
If we could buy it all back then there would be little to gain for Osisko.
Well that's one part of the story here's to the next hopefully before year end gla
'they' not 'that'.
Thank you Hubrishunter, this is something ColonelDrake will never understand. He sees conspiracy theories everywhere.
Q, I stand corrected. I'm sure if that really believed that they would have sold, wouldn't they?
Can someone explain to me what this means: "SolGold has a buy-back option, exercisable at SolGold's election for four years from closing, for one-third of the NSR interest."? Does it mean we can only buy back 0.2% out of the 0.6% royalty? I.e. Osisko will have 0.4% no matter what?
Addicknt anon is correct, some were saying we couldn't raise cash because of the so called failed fund raise.
The biggest detractor was seanhunter. But there were others.
anon, I can't say I saw people saying we couldn't raise the cash for the short-term requirement. Certainly there were some who were expressing concern that we were getting perilously close to the edge, but that was merely a statement of fact.
Yes Fortissimo, I got it wrong, but I'd only based my opinion on what the CEO had said in public.
You're rather fortunate he has decided to row back and secure this deal with Osisko, which is on slightly worse terms than the earlier deal with Franco,whixh was something I was absolutely right on.
Swings and roundabouts.
I now expect SOLG to pay 20% of the merger consideration in cash from the CGP money.
It will be interesting to see what happens when we open at 8am.
I believe we will get a lift, but fall back during the day as the trader's will take their profit.
Of course if volume increases and people start to hold positions again, then our reduced free float may mean we start to climb again.
Let's have the Porvenir PEA, as that's the big unknown.
Addicknt, agreed.
But just days ago some were saying we wouldn't be able to raise this amount.
My point is that some people shouldn't keep writing off SOLG all the time.
Let's see how Blackrock and their instruments wriggle out of that one. They have 25million to get tidied up before the strategic review news.
Can't wait to hear what NCM and BHP have to say. But at least they have a chance to by some of the royalty back if or when the time comes.
Loving this!! Mather back in control and looking out for the little guy.
On that addicknt we agree.
anon, there's a huge difference between a small facility of 50m and one of 3bn+
That's exactly what I wanted. The market speculates that a dilutive fund raise is coming and it gets proven wrong. BHP and NCM bullied SOLG last time around and this time SOLG does what is best for ALL shareholders and stands firm.
Well done SOLG.
Now lets see what this market does now it has it's pants down and has been given a good spanking.
Like I said... on a comparable basis to bulk of sector and market, SOLG should be trading at 25p+ right now.
And all those that said a royalty deal was not coming.... well... you need to suck it up I'm afraid and admit you got it wrong.
Q, indeed, but my point was we may not need to do it via the loan mechanism.
Just like some of us predicted, but were told "no, it can't happen".
Well, it can and has and will continue to happen.
Solgold can't finance it's way to production?
I think it can.
Good morning addicknt, the way I read it is that the 50 million is ring fenced for Alpala.
So we still need the 30 million for drilling the regionals.
Ignore my last sentence, it's nonsense. I guess we'd simply cancel the loan once the merger is completed.
Q, as yet we don't have the 30m loan. In fact, it may no longer be necessary - we can push ahead with the merger, CGP can choose to sell the shares pre-merger, meaning we have the cash on the balance sheet when the merger is completed or, we can inherit the shares and place them from treasury ourselves.
Either way, our balance sheet will look healthier with cash rather than leverage.
DBW, our absolute priority was to get some funding and personally I don't care from where, or what form, it comes in.
Back into the mid 20's makes sense.
GLA
Really nice find Porvenireal.
What is really good about this is the four year buyback.
So if we have open cut by 2027 and we are generating income, then this 0.6% offtake never happens.
So what happens now.
We get to DFS and we obtain funding to construct Alpala.
I believe this will be done with minimal dilution as we are looking at loans backed by Alpala value, as this by DFS will be saleable.
So we can go this alone.
Remember all the people on here shouting how finance would be hard to achieve and we are in for massive dilution.
It's not going to happen.
Nice start to the day.
Remember we also have the 30 million loan on top of this for other drilling.
Great news but not what I was expecting
This connection is very interesting too
“Sandeep Singh joined Osisko as President in January 2020. He became President and Chief Executive Officer in November 2020. For the fifteen years prior, Mr. Singh was an investment banker in the metals and mining industry where he advised numerous mining companies on growth and financing strategies with Maxit Capital (2014-2020), Dundee Securities (2010–2014) and BMO Capital Markets (2005-2010). As co-founder of Maxit Capital, he was instrumental in building an independent and highly successful advisory firm which acted on some of the most complex and value-enhancing transactions in the mining sector”