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Q, which is why I said delete as applicable. Thanks for raising your view interested in all other views also. If they tested the market and it was not suitable (for BHP and NC). Why would this be suitable for BHP and NC? It wouldn’t.
And NCM...Yet another put up or shut up challenge thrown down...
Mistermeister there was no funding package. We talked about one but Solgold announced it didn't go ahead with it and that a funding package would soon be announced.
Today is that announcement.
Begs the question as to what was the funding package which as “failed/tested the market” (delete as applicable). Must have been different if they have gone ahead now regardless with streaming?
I would imagine they are delighted Bnc ;))
Bet BHP will be chuffed to bits
Does anyone know based on this royalty deal what is the implied valuation per share? Is this what DC was getting at at his 78p per share?
I do believe we continue to DFS, as you say it is creating value.
But more importantly it is Solgolds announced intention.
It is plan A.
Remember plan A is the preferred plan otherwise it wouldn't be called plan A.
The reference that Plan A begets plan B is only there should a bid come in that is worth looking at.
Orthen correct - although this looks like it is a bunch of Sanghas mates!
21p open?
Then a steady squeeze upwards...
It's important now that the 6.7% stake is sold now and not simply redeemed post merger...
Q, again I agree that seems to have been the plan, but do you not agree that's it's interesting that Twigger didn't mention it in the RNS? Was it deliberate, or was it an oversight? I suppose it could be argued that moving to the DFS is value creating and he felt he didn't need to mention it again, but personally I think it's odd he didn't reference it.
By the way, the review process it self will be costing a good deal of cash and bear in mind we also need money for general working capital purposes.
If I remember correctly, Irwin and CGP were pretty scathing in their assessment of the original Franco royalty scheme to fund Solg.
We can't do that Ortherncopper it's ring fenced for Alpala.
But we will probably have to wait for the sale of cgp shares. I think we can expect some positive movement this week…. It’s been waaaay too long
Agreed Bozi, but this deal is on the adjusted terms and I imagine the Franco Nevada deal and this one will both be adjusted on the PFS update.
An announcement to begin some exploration drilling off the back of this funding would go down very nicely… one of the promising untouched license blocks would be nice.
Addicknt as I have said all along you may be correct.
But as I have always said we shouldn't concentrate on what hasn't been said, we should concentrate on what has been said.
Indeed in the not so distant past we said we are raising money to go to DFS.
After all the 50 million is ring fenced for Alpala.
Surely it's for the DFS, what else are we we going to spend it on .
Q, interesting that Twigger didn't mention the DFS and merely referred to the Strategic Review, isn't it?
Btw, I don't disagree with with you that production is a path to extract value, it's just not the path we will follow.
Quady - I was purely referencing vs the initial terms and not the adjusted terms following the scaled back PFS.
Besides, we're shortly about to announce a PFS addendum which will readjust the Franco terms.
I think maybe it's time to start speculation on the strategic review and what that means.
I will start.
I believe the strategic review is not just about Alpala, but all of Solgolds concessions.
It will be about how we go forward.
Surely there cannot be any doubt now that production is now a path to extract max volume. As we are about to clear the last hurdle.
Once the DFS is completed we can raise the finance.
This doesn't mean dilution as DC said recently, once we get to DFS various funding options open up for us.
Great to see that many are agreeing with me about a climb back into the mid 20's very soon this week :))
Thanks Bozi! Just wanted to be sure I understood correctly.
regardless of who said what, surely our overall feeling this morning should be one of relief?
We now have the headroom and breathing space to complete the strategic review from a position of strength and the board can ensure they deliver on their promise to create shareholder value. As Twigger said in the release "Solgold can now devote its complete attention to the Strategic Review which is now underway to maximize shareholder value". I'm pretty clear in my own mind as to what that means.
Good morning Bozi, the offtake agreement is actually better than the Franco Nevada deal but only marginally.
If you remember we got 100 million for one percent.
However when the reduced PFS was announced this was increased in Franco Nevada's favour to 1.27% by memory.
So that makes 50 million 0.635%.
We have just got 50 million for 0.6%.
Sorry I was wrong guys, I won't open my mouth in the future lolzzz ! Going to be a good Xmas by the looks of it at last
ONWARDS AND UPWARDS !!!