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Well Quady, fair play to you. You have been saying all along that there was no failed fund raise!
I did agree with ye by the way buddy, I just couldn't be bothered getting into the childish squabbles.
Hey ship. That isn’t but looks like something we drafted up for a brokers investment club. Consensus was how much do we need to run this for a few months
This pump and dump changes every time a new brokerage house takes a position.
Shipright
Hopefully now people will stop posting their I’ll informed/imaginary going’s on
This so called failed fund raise should be put to bed, as I posted a while back regarding that RNS, it never took place, it was a discussion with the majors
We await the next storyteller
Rats, Ship, etc...
Rcgl, absolutely! That always happens when things are going well.
Floated a couple of proposals, knocked a few ideas around, the head of funding and the new CFO both resigned... We cool.
Shipright, firstly thank you for onward sharing.
Second, "This RNS was announced at the time to clarify to the market that the Company had engaged with investors about potential funding but did not proceed as we didn’t think it was in the best interests of the company compared to other funding options available. " is open to much interpretation. I have never doubted SOLG's ability to raise cash, what I am struggling with is raising cash in a way that placates the interests of all major shareholders.
Over to you DC to deliver.
Looks like Jason Ward Ward is onto a good project in South Dakota with Iris Metals. Another 10 bagger there in the last 3 months.
Interesting that admin is able to remove things at the weekend now. Maybe that explains something.
More importantly this is the body of the earlier, removed, post.
I'm not in anyway inferring it comes from the company. I received this from a friend
First let me thank you for your email and for your ongoing support as a long-term investor.
With regard to your query on funding, let me first draw your attention to the RNS dated 28 July, and in particular this part: “SolGold is investigating a number of strategic initiatives to provide the Company with funding options for the development of Cascabel and progression of regional projects. SolGold continues to consider, and has had discussions with its major shareholders regarding possible financing structures and options to obtain funding to further progress the Cascabel development, including a potential equity raise.” This RNS was announced at the time to clarify to the market that the Company had engaged with investors about potential funding but did not proceed as we didn’t think it was in the best interests of the company compared to other funding options available. We are progressing different funding alternatives and we are very confident that we will meet our funding needs and deliver on the upcoming catalysts that include the Cascabel PFS Addendum and Porvenir PEA. I hope this clarifies things for you.
I understand the frustration and concern that you and other shareholders have shared with the Company on the subject of funding. While I cannot point to any specifics, I would like to reiterate our confidence that we will meet our funding needs and I hope this provides you with some comfort. As soon as we are in a position to announce anything we of course will without delay.
Thanks for your patience and ongoing support.
https://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/when-will-copper-go-up/
Posted on the glen board
https://www.elcomercio.com/actualidad/negocios/exportacion-concentrados-cobre-julio-monto.html
Copper exports up 75% year on year
“Three mining concessions plan to start operating in 2025. These are: Loma Larga, in Azuay; La Plata, in Cotopaxi, and Curipamba, in Bolívar. It is estimated that these mines have gold, silver and copper. In addition, Cascabel, Warintza and Mirador Norte can continue with their processes.
Ecuador is the least explored country in the region, according to official data. The level of use of resources would only reach 10%. That is why it is calculated that the dimension of the minerals would be greater than that of the data that is currently known”
Looks like it’s the way forward
Darren - agree that this is time for strong leadership.
We had our last piece of business related news on 28 July. That means we're about due an update, even if it's a state of little to no change.
Markets are teetering. The share price is weak. Now is the time where a bit of communication and maybe some open market buys wouldn't go amiss. The market picks up on those signals and fresh impetus is likely to be a good thing.
Same applies if there's nothing positive to say. Still go on and say it. Shareholders want honesty and openness.
Evening all. I appeal to the captain of this ship to explain where we are going and more to the point how we are going to get there, before there is a complete mutiny! He talks a good talk, but I for one have yet to see him walk the walk!!! He as CEO will ultimately influence where and how. He has to save this wayward ship! A very frustrated crew member!! GLA DK
FTJNY…. Spot on mate
Speaking of odious characters try having a long hard look in the mirror and a mighty big one will be staring you in the face!
And a high of 19.3p
IG had closing price of 19.1p
News about to break imo...
18.9p
ongoing discussions regarding funding would ensure that they are well and truly stuck in a 'closed period'.
Accounts are to June 30th so nothing in there that is going to surprise much or have much relevance today although the standard 'going concern' statement will have a few bedwetters here reaching for the sudocream.
Sorry sounded like that French policeman in Allo Allo
Click ticking or clock tocking...that is the question...?
Remember its the Annual Report as well...would be good to see Directors buying immediately after the close period...
Red ….. with Darryl talking in a couple of days and the MD&A looming it’ll be interesting to see if anything is revealed.
AGM round the corner and click ticking on the BOD they’ll need to play their hand soon … if they’ve got one
And no DBW still not buying yet.