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Bozi if no one will lend us the money its game over.
In NM I do not the others
Quady - how do you know someone will lend us the money?
I'm not so sure I want someone to lend us the money given interest rates are going up at the rate they are. Do you think it's going to be wise approaching a consortium of banks in 12 months time post the DFS for them to turn round and put us a package together at something like 10,12 or even 15%.
We've just let a very favourable borrowing period pass whilst we've been fumbling over the PFS.
My thinking is that this change in the environment around us will be part of the change of strategy Ingo referred to in his LinkedIn post.
With this is mind, I'm not sure it's feasible to ridicule Addicknt for those views.
addicknt you have constantly said we cannot build Alpala because no one will lend us the money and we don't have the expertise. So I know you don't know what it means.
That's not arrogance that's observation.
"We have the PFS, I am not sure that most people on this forum knows (sic) what that means". You arrogant twerp!
23p !!! I'll have some of what SOLG is having !!! :))
Then why are you invested Bubble if you have no faith in the company.
We have the PFS, I am not sure that most people on this forum knows what that means.
That means we have the know how to construct this mine in conjunction with a civil engineering company.
The fact we have prepared the PFS shows we have the expertise to construct Alpala.
Unless you are saying the PFS is wrong.
The only option to bring Cascabel to fruition is to sell it to someone with deep pockets.
And soon.
Quady this lot couldn't bring my allotment to fruition nevermind a multibillion exploration to mine imho
DBW, media reports cited June or July I think as potential expected offer periods. Perhaps they based that on the period they expected SOLG to be discussing funding and knew this would be when heads clashed???
If a bid arrives in September or October that's still pretty spot on considering the 8+ years this has been a potential bid target!!
As I said, just look at Oz Minerals and Turquoise Hill. Both same traits (sp wise) as SOLG. Both need funding. It's M&A playbook stuff. We are in the perfect zone now for bid action and I'm just praying that we get a bid war as that will delivery top dollar. We have amazing assets and folio so expansive with opportunities that it almost derisks Alpala for a Major. So many other ops across the country for them to tap into.
Bubble all what DBW says makes no sense if we get to DFS, as then we have many different funding options to bring Cascabel to fruition.
Cascabel offer coming imho agree DBW something will give here before agm
Fort
Something will give here soon. This has to happen before the AGM or the whole board could be in trouble , something of which they are fully aware. I'm certain this (Cascabel) will be sold soon .... maybe the whole kit and caboodle , who knows.
I thought it would happen earlier in the year (as did many sector analysts) but I was wrong and have no problem (unlike our resident spine donor) admitting it. NM and CGP (along with the friendly Tenstar ) control a healthy chunk and will have a big part to play shortly ..... BHP may have the cash and the clout but they don't have Cascabel and my guess is they may get a third humbling in a year shortly
Monte,
Things are not always what they seem. I don't take offence by opinions of other posters. Not at all. I'm happy to reposte negativity which I feel is unbalanced or out of context etc. You see, we need black to have white and vice versa. Two to tango. I'm not sure what you want? I do value some posters answers but not all. They don't have to be negative or positive just relevant and in context.
Now... over to your trades. I'm sure you'll admit that not all your trades have been a blinding success. And selling into spikes does not always go to plan. But timelines can help with that. For instance, remember when Fruitbat sold 700k at 27p a while back only then to sit and watch the sp go to 35p+. That must have hurt. We don't know whether he chased it after then or what he did. But over time, what we know now is that his 27p sell looks mighty smart with the sp at 21p today. So be careful with encouraging others. Not all are so lucky. Many (you included I'm sure) will have sold some at 22p (or whatever) only then to see them go to 32p. If they return to 20p is that a 2p gain over time or a 10p gain missed? See, it's all about context.
Fort
You seem to take offence if anyone explores your opinion. You get very defensive.
You should value the counter offer if you really do value the debate.
I encourage people not to buy on spikes, and acculate any tops ups they might want on dips. That's sounds obvious to most, but you will be surprised how many still don't have the discipline to do it. That's not boasting about my trades That's trying to help people.
Monte,
It's a free BB. Everyone has an opinion. The point of debate is and where we often find out more info (for all to share' is when those opinions are tested and explored.
Would be a boring place if were all just posted one liners and never got to the bottom of them or explored them in more detail. That said, there are few that don't need exploring at all.
Thanks for all the advice Monte. How's your trading going of late... timed any buys or sells well?
rcgl, if BHP buy Solg or Alpala alone, they will repay Franco asap. They have no use for their money and most certainly don't want to give up revenue.
Fort
You are a good poster, but perhaps try to let others have an opinion too and try not to take that opinion as a personal affront to your good self.
However, Franco's royalties only pay off fully if the mine actually gets built and starts producing at a decent capacity. Given that the consensus view seems to be that Solg doesn't have the skills or experience to deliver the fully functional, max output Cascabel mine any time soon, is it in FNV's interest to offer enough funding to Solg that they force the majors out and end up building it themselves?
The CEO of FNV was interviewed about the Alpala royalty at the time and the interviewer asked him about it being a complex and risky block cave mine. He said something along the lines of "we're not worried about that, Newcrest are on the register."
All parties are trying to balance their own needs against the needs of the others. What suits FNV the most is probably to get Alpala into the hands of BHP and NCM as quickly as possible so they can get their royalty as quickly as possible. They don't want to push too far and leave Solg holding the baby alone.
" I think there is pain to come in the short term though"
The share price has fallen from 35p to 19p in a short time. And you think there's more pain to come? Thanks for being a bit more candid though. I trust you have positioned your yourself (reduced holdings, sold a chunk etc) that reflects your thoughts and vision? Certainly explains a lot about your posting of late. No problem with that at all. Much prefer to know where we stand with some posters as explains the negative views more.
There are always risk ahead, but I think the lower the sp goes the more likely a bid comes in. I base that two proven examples of late in M&A with Oz minerals and Turquoise hill, both have fallen to lows yet suddenly attracted bids.
mmm... I didn't think you'd want to discuss that one much.
I posted the following on another share chat board but felt it could be relevant here to as I hold some SOLG, especially with our increasing resource and production potential? or new discoveries post Cascabel sale??....."Yes indeed, Gold(and related Gold shares?) will re-rate with the "coiled spring effect in time.....when confidence in currencies fails and people rush (even 2% of the population rushing to acquire 5 ounces AU would lite it up for sure) to hold something real (other than collapsing house prices and unaffordable variable 20% interest rate mortgages)..Perhaps 85% of US population are on fixed rates...but in the UK we're variable rate and any short term fixes will be variable 20% interest soon.....How many on £3k per month or less take home will be able to afford their £100k mortgage at £2,500 a month? and their £500 p/m electric.
Something's going to give and in the rush for something real in one's hand as their fire insurance....then that's when the price of gold/currency will become those extreme figures, which still look far fetched?? not so much now eh?
The amount of ounces you have will be all important....as history shows from buried hoarded treasure....history repeating/rhyming again?
Do not be concerned about daily/monthly fluctuations on the paper gold price that is set for the miniscule physical PM market (in comparison)....Some say Russia and China have nigh on 60,000 tonnes or about 12 times or more than what they officially disclose....there is a reason for that....and also a reason for increasing premiums we must pay on any PM physical purchases. You should at least certificate some of yourSOLG holdings..... I have ! GLA. "
Addicknt no fund raise took place a discussion took place.
A discussion is not a fund raise.
When a fund raise takes place later on it the year.
I will gladly point this out to you. So you understand the difference.
Q, jeez! Their announcement today follows that of yesterday which gave details of a book-building exercise (read my last paragraph). You simply don't understand anything about this do you? You are 100% wrong and are really making yourself look like a gigantic arse.
Addicknt GGP got an RNS this morning.
May I suggest you read it.
It's everything I have said.
Quite right, Eish.
That sort of explains why BHP might be friendly and amiable with one bjsiness but with us they seem to be hellbent on causing trouble.
It boils down to the discussion that's been had before about managing the relationship with them. Have SolGold done that well enough or is it about to bite us on the a***?