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Why do you always have to stir it up Colonel...?
You often post some good stuff but then you let yourself down by laying into well meaning posters who just happen across something you don't agree with...
Here's the quote again...
"BHP and Newcrest were apparently unwilling to invest again"
And here's the article it came from
https://www.afr.com/rear-window/s-all-not-well-at-solgold-20220814-p5b9p0
BNC what's the point of saying that...its a special kind of placing...even SOLG called it a cash box last time...
https://www.dacbeachcroft.com/en/gb/articles/2020/may/what-is-a-cash-box-placing/
Fortissimo
Maybe the pertinent question is why haven't they announced that?
ColonelDrake you still don't understand BHP doesn't want to bid. It would end up paying more than it wanted to.
SOLG should just announce that along side exploring various funding options and structures they are also opening the data room to prospective buyers or partners etc etc etc which might end in a sale of the business or a asset etc etc.
Then see how BHP and NCM like those apples.
I said a while back that it's ironic that if NCM and BHP indeed want to bid on SOLG, why would they want to invest money so SOLG can deliver a better PFS2 and porvenir PEA. It's self destructive. Far more to be gained by them if they try and prevent SOLG from raising funds and thus weakening the business. This is an all out attack. The reality is, SOLG only needed enough cash to get through to the AGM.... because after that it's game over for quite a few board members and that includes their nice bonuses.
NCM and BHP and steering SOLG into a corner as time and cash burn is against them. One victory would be raise cash via royalty, but then that's pointless for some if it means they are toast come Dec AGM. See the dilemma for management? What's the point of extending SOLG's future if you're simply giving more equity to your predators/enemies and in process actually likely to weaken the BoD's.
It's Twiggers job to get heads together and not Darryl's or Mathers. Twigger is supposed to be the one that delivers the balance. We've heard very little from him since his volley to BHP last year.
Precisely, look what ggp have gone through tells its own story. NCM will definitely not be bidding for solg at least not for the foreseeable.
Quite possible smickster, the point is we can raise the money for DFS and BFS. We have had no failed fund raise. ( that has been confirmed now )
Also we can fund the construction of Alpala.
The strange thing here is Redknight was supposed to be something in cooperate finance, and he knows nothing about how money is raised apart from searches on google.
I worked him out ages ago.
A lot of green boxes, I assume I'm being gaslighted again for my opinion again, it wasn't me who wrote that article !
Lol BnC
Course they are Schlem.
The only difference is that they've done the vast majority of the graft at Havieron over the last 2 or 3 years so it's as unsatisfactory as it is it is tk be expected.
They've done bugger all here though since they pulled Craig Jones from the board, apart from buy a few new shares here and there.
They've muscled in on their tier 1 asset. They should support the other fairly.
Thanks Quady,
Cashbox and Boliden/Franco top ups it is then.
Onwards we march solg.
Look at Newcrest's filthy behaviour over at GGP especially regarding the initial reserve document...they're greasy bassstards who want summut for fcking nowt
Jezzoo that's the way you raise cash for exploration.
When you have a fully proved up prospect that you are ready to finance, then funding methods change.
This is really basic knowledge, which you and so many of my detractors remain uninformed about.
Your welcome Bozi, as always.
What ever you call it, it still dilutes the existing shareholders.
Thanks Quady. That page was a bit more thorough than the other legal summary I'd looked at.
Not read it fully, but I believe this covers it.
https://www.bclplaw.com/en-GB/insights/is-it-time-to-consider-cash-box-placings-again-to-raise-cash-quickly.html#:~:text=For%20this%20reason%2C%20a%20cash,shareholder%20approval%20or%20a%20prospectus.
Wow, some folk on here working their socks of this morning to get the negative vibes going again after what was a pretty clear weekend of discussion.
BHP and NCM unwilling to invest again? Mmm... would that be because they don't want SOLG delivering more value via PFS2 and Porvenir PEA?
About time these two large holders put up or shut up. If they don't want to invest (which we know is untrue) then we'll go down the royalty route. BHP and NCM do not control SOLG. Shareholders and the board control SOLG and BHP and NCM might have huge market caps and be billion dollar companies, but when it comes to SOLG, they have just a minor toe in the door.
Keep up the work guys.... it's amusing to watch.
Let me have a look Bozi.
Got a source for that Quady?
Any shares issued still need to fall under allotments already authorised, or else a vote is exactly what needs to happen...
yes - but it's a placing............end of
As far as I am aware BNC cash box placing is the correct term.
Also
Can we bin these nonsense terminologies please............ since when has a "placing" ever been called a "cashbox"
FFS - lets use the right terminology can we - so we all lnow what we're really talking about & not some Spivs street slang.....
BN.c
Don't be so negative jezzoo, there's always light at the end of the tunnel
Padmaster
Fork handles?
lols ;o]