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Brighter start to week . https://youtu.be/95K4phDex3U interesting channel for free investing info . Can Solg price keep moving up .
19.20 paid at 12.10....come on....!
Fortissimo,again your correct there they want top dollar imho
Considering the connections between Sandeep (co founder of maxit) and current CEO of Osisko, it's borderline 'insiders' deal. I said a week or two ago that I would have been disappointed if the 6.7% CGP SOLG stake got placed at a discount to someone like Maxit. Maxit sold out to BHP at 25p many moons ago so the idea they could get back in with a wedge narked me. So the royalty deal (in effect) is an another way Sandeep seeks to gain. No problem with that apart from the fact that it potentially looks like a bridge loan... SOLG have facility to buy it back (most of it) or future buyer. Now if Sandeep (closely connected to CGP guys) knows they are selling out to a buyer (post strategic review) then he's effectively loaning that $50m and securing it against royalties but firm in knowledge that someones going to be buying it off him.
You see... when certain 'money men' see the green light for a monetisation or disposal.... often you see a bit of nest feathering going on before the event. Ugly I know... but that's the way it is.
Maxit or rather Sandeep... very much involved here and bodes well as these guys are smart cookies as is Mather and no one will be getting SOLG on the cheap post PFS2.
How about this lunch...
Total annual cashflow is $14.5bn x 0.6% + $187.2m in cash terms
At 0.6% is $87m
But Osiris value is $50m, so
NPV is reduced from $2.9 billion to $1.67bn (50/87)
Which is £1.44bn at current dollar rates
Divided by 2.296 million shares = 62p/share...
All comments or observations welcome
research - tree . com
Sean ??? you've come so far and now sold out ? what are you doing man/woman should be adding now...
Mind you we all have our personal reasons. I'm sure you can buy back in at 14p in a few weeks Lolzzz
I wonder whether BHP put the finger on Mitsui (as they have a few deals together) and they thought that would scupper SOLG's plans? I bet they didn't see Osisko coming.
As Nick said a few years ago.... funding is never a problem as Alpala is a streamers and metals companies dream. Such a great mix in the bucket that makes it so great.
Be interesting to see if Mitsui are still involved.
Now... we just need to get a JV deal on licence blocks in the south with Lundin/codelco et al and we should be looking in fine shape.
“….the alleviation of near-term funding stress should help to re-rate the stock and leaves value-enhancing options open to SOLG as its Strategic Review continues.”
https://*********************/research/hannam-partners/solgold-us-50m-osisko-royalty-alleviates-balance-sheet-stress-and-should-close-cascabel-valuation-g/95_cebe2525-64e1-4e50-8962-431c2e439f9a/eb2bc8dc-eeb7-434b-b247-af4719d3ae93
Sean's out lol
Definitely a hold, don't listen to Sean this is going up ..
I'll translate for Sean, he's sold and wants to buy back lower...
That would be helpful lunch...
RK I suspect there is very little profit taking to be had at the tmoment - those who bought in in the 13s are probably long gone.
It would be great if this settled over 19p, at least then we are back at the bottom of our historical trading cycle, but when it boils down to it it's probably just the "sell on news" crowd.
I'm not sure what will boost us upwards - god news this morning yes but really just another funding arrangement that in previous years wouldn't have been in doubt anyway.
I still suspect downward forces are at work here and we may be back at 16p before we know it - the rest of this week see the the gloss come off this announcement.
It's great news but what we really need is an announcement from the company:
WE ARE NOT GOING INTO PRODUCTION
Those 6 words would put us back in the 30s.
As it is, I'm trying to figure out whether a sale will be less likely in the near future now - I expect the market will work it out for me. I fear it is already doing so. The 50 million will keep the lights on for a few months, but it won't turn us into a miner.
We really don't need a "strategic review" to dump this turkey in the bin. It's a simple decision.
There was a time when mixing $50m up with £50m made a sizeable difference. Way UK is going $50m might be worth more than £50m soon.
Just wait until they've tidied up their coffee spillages over on TSX and then guess we'll be back into the 20's.
Market has absolutely no reason whatsoever for keeping SOLG sub 20p now. We should be 25p+ based on recent market bounce.
Very wide spread 18.22/18.78...thats 3%...
Suggests the MMs are very defensive...
I've been looking at the pattern of trading today...
Relatively small Autobot activity, so I don't think the SP is being held below 19p...
If you think back to when we briefly spiked to 21p on the merger RNS immediately following the Mistui message, it is quite clear that profit taking set in.
And this morning I think we have a healthy two way market, with people taking positions on the off after the RNS...
Some of them will hold on...some will take short term profits...some will trade around the edges and maybe some stale longer term holders will lighten their holdings to reapply elsewhere or even hoping to buy back in lower...
Lets see...but we are nowhere near the end game and there is much more news to come...
Stake sale
PFS addendum
Porvenir
News on the smaller projects (we hope)...
And all before the AGM...has to be or several could be toast...
Can see this dropping a little again, almost lunch time.
Then getting ready for a afternoon run hopefully.
@RedKnight, agree, talking different perspectives. No offence taken.
Enjoy your posts have been reading / watching Solg for some time now.
I wasn't criticising you, I was corecting a possible misunderstanding...
It doesn't in any way undermine the very good points you make...
Nobody challenged my post at 9.12
"By my simple estimate, we are buying 15% of Cascabel for 13.3% dilution...
In NPV terms, $400m (£350m) for just over £50m..."
So I reproduced something somebody else had taken the gtrouble to work out.
Another poster said at 25% NPV it represented 89p a share...
I could do those calculations but I simply don't have the time when somebody else has put in the hard yards...
So lets just absorb the opinion that it values Cascabel at AT LEAST 55p a share...
Totally agree
Impressed with recent events…. Time to get fully behind the board at the upcoming AGM
BHP / NCM most likely seething
@RedKnight, I don't think I am missing the point to be honest, the pedant can pick holes in every post and I most certainly do in my head pretty much.
You are a good poster from what I have seen, understand the context of my post in implied value at some point in the future, and this shows massive faith. CAPEX costs, risks, political, dilution of course factor into that future, I think that is taken as read. Take a step back and look at the semantics of the post and the intent buddy, simply trying to help any new to this forum with a snapshot macro view.
Its not spurious, its from a knoledgeable poster on Twitter...
I just can't be a***d to reproduce the detailed calculations on here...
I prefer somebody else to shoot it down or verify it
Very happy with the progress here both with regards to the merger and the latest funding news … important we get behind the board at the AGM
BHP / NCM will not be impressed