George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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PS...thanks to all the guys who ticked up my post...and especially to averybody who has held fire on rrsponding to QWuady.
This is a much quieter and more well mannered bpard now, whilst still having healthy debate.
It occurs to me that it would be good to minimise the unpleasantness as we all reflect on a quite extraordinary life...
I was thinking, after Charlie threw the pen while signing his acceptance, that the Queen never seemed to lose her temper...
And indeed, supposing a tabloid was to do two in depth trawls of investigative journalism...one on the Queen and one on KC3...I guess the fomer would come up clean and the latter would raise a lot of uncomfortable questions, starting with suitcases full of money...
God bless you all and the memory of her madge.
Heres a thought...
It may well have been BHP/NCM that blocked a cashbox raise, but...
Supposing it was Nick, DGR and CGP that blocked a rights issue...?
This would not be surprising if they are looking for a takeover bid... (Brooke MacDonald saying CGP will be sold by the year end...)
Fawzi has shares in the company...
at 100p? it doesnt seem the case but who knows!
Ray:
A discount from this level ?
Jeez, SOLG will be bumped back to AIM at this rate.
Shocking.
Loving the thread heading this morning, as if it's not depressing enough here with the "told you so" brigade lolzzz...
ONWARDS & UPWARDS!!!
Have a good if not humble weekend all, for those who are fans have a respectful weekend in memory of her majesty and speak on Tuesday when I am sure life will start to return to some sort of normality
That is a risk. The question is why wait until the share price has hit these levels? Why not do it together with the pfs at the time? Also, why not do an add-on royalty deal with FN?
One thing I'm sure of is a raise is coming and at a discount.
Lol
‘’ Low volume and big spenders with hands tied is why you have a pretty stationary share price. That's about to change.’
Stationary apart from a 20% drop in 3 months.
If that’s your idea of stationary no wonder you are a bit clueless.
You just sound desperate
So, when is the DFS due again - I thought I heard the end of 2023, but could it really take that long?
Hahahahahaha Fortissimo in-the-know.
What a load of guff.
Just don't be expecting a big special divi with any JV.
I'm never keen on Friday RNS's as normally it's news that needs to be buried - so I don't think you'll get news tomorrow. But news next week very likely imho.
Another indicator worth noting is major shareholders. Normally when SOLG's share price moves as dramatically as 'halving' in value, there is a blackrock holdings rns. All we know based on lack of holdings updates is that Norges and Blackrock are not selling any meaningful shares nor are they buying any.
If you tally up the 'volume' from the 36p slide down to 17p levels today, you'll find it's well short of where it should be. In previous occasions, share price moves (of note) have been backed by stronger than average volume. Look at the totals after SOLG postponed PFS release in 2021 and kicked it into April/May 2022. Many other examples.
Low volume and big spenders with hands tied is why you have a pretty stationary share price. That's about to change.
Jezzoo,
The previous directors you say, not the two largest shareholders wanting dilution?
They want it cheap so being bloody minded and playing hard ball, let’s hope the BOD’s come up with a solution and stick to it, even if they don’t like it, just do what is needed for the company to keep forging ahead
Anyway we shall see soon enough
Blockbuster of an RNS tomorrow morning should sort out all the negativity from the lat few days :))
The greed of previous directors of this company has killed it going forward.
It will be bought out for much less than it could have attained even a few months back.
Hopefully it will be above my buy in, then I can sell my investment and spit on it's memory.
All you need to remember is what Solgold have is wanted, however , the sp is being decimated to allow a low ball offer I believe, when, who knows but it’s been played for months now, BOD’s hopefully will find a good solution to the problem.
We wait and hope
completely agree Fortissimo with all you have said and basically what I was saying the other day and why we are in the position we find ourselves..Franco or Boliden is better for all those that do not want an equity deal and I think there are a number of holders that feel that way
Mr Drake , as much as I appreciate your enthusiastic posting style , you have never even been close to what you think will happen. You're SP targets are fantasy. Yes you could be wrong , you usually are.
It's like reading a fantasy novel with you , it just ain't happening.
You say take out is on the horizon , it just isn't happening.
If we have no takeover interest here now , then what is the future? Other than massive dilution , its looking pretty precarious to me.
For all the guys that were convinced of a deal incoming , it's fair to say you were all way off the mark.
Even RK has stopped topping up ffs.
It's really quite simple... if BHP and NCM don't like the idea of a $100m raise via Franco or Boliden etc then why not put forward an alternative? There's no point in chucking toys out of prams. That helps no one. My guess is that they have no intention of offering an alternative apart from a. cheap equity placing. If that's all they have to offer then it's time for them to accept that whilst a royalty deal is not good for them, it's better for majority of holders than a cheap equity raise and subsequent dilution. One alternative would be for BHP and NCM to come forward with $50m each which could be placed with them at 40p a share. That's cheaper than the 45p BHP first stepped in with some moons ago.
The fact all we hear is BHP/NCM don't want royalty deals tells me all I need to know. These two shareholders are not interested in seeing this company do well. They just want to see the business squeezed into submission.
Well not going happen. From what I hear there will be an 'alternative' presented to shareholders soon and it will require a vote at the upcoming AGM. Of course... voting certain directors in too will be part of the deal. BHP and NCM are likely to find they are not the only 10%+ holders in SOLG. All will be revealed pretty soon as AGM resolutions and all that fanfare will need to be posted out to shareholders at least 30 days before Dec 1st. Big news incoming and yes... the company has told you about it several times. It's called a strategic partner deal.
I could be wrong as things can change when certain phone calls have been had... but I'm confident it's going to play out well here. The only anxiety I can see if from the obvious posters that are sidelined or worried about being left behind when news breaks. The stocks at multi year lows right now. A return to just 27p is a 50% gain. A return to the PFS level of 36p+ is 100% gain. There's more risk on the upside (missing out on the rises) than on the downside. The latter looks well baked in. Could it go lower?? Of course it can but timeframes dictate that events have to happen soon so don't get left behind. Do your own risk assessment and invest only what you can afford to lose. Have a good night all.
Sharket one mention of streaming deals and Bhp are soon throwing their toys out....works both ways and that's the game.
I for 1 would happily see a large stream deal produced that would see us good for the next 18 months.
Not likely, but hey ho
As a comparison, GGP announced on August 19th that NCM wouldn't be taking up the option to purchase 5% of Havieron for $60m, meaning the business needed cash, and fast. 6 days later, it had raised $35m.
Oh you've done it now SharketMare, you've brought up the FAILED raise.
The Spectrum Kid will be along in a minute to put you right.
Good Grief !
smickster, we had a preferred method of raising funds, and had to pull it after our majors kicked up a fuss. I'd suggest it's them currently keeping us on our toes, rather than the other way around.
I can fully understand why BHP and NCM would not have been happy with another cashbox style raise. What I cannot understand is why we haven't gone down the usual equity raise route as soon as it became apparent that the preferred option wasn't a goer.
It's been approx 2 months since SOLG attempted and failed to raise funds (Berry St letter was published July 28th, we can assume it fell apart in the week(s) before that), and a month since the AFR started writing articles about how things are not good at the company (to which the company has offered absolutely nothing in terms of a response). In that time we've also lost Ingo, our CFO and Keith and Jason are on their ways out.
I think frustration and anxiety are the right responses to the current state of affairs.
Woody, that's more than we previously had.
Usually was an rns informing of a raise.
We are now exploring various methods and keeping our biggest shareholders on their toes.
The anxiety comes from lack of funds which is something g totally different.
May I respectfully suggest a decent pair of underpants for yourself. x