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addicknt.
To answer your question: 'Just for the sake of argument, if your argument is correct, why did our finance team depart?'
A: because Cuzzubbo, Twigger & Mather pulled the plug on the deal.
Apparently they 'tested the market' dbw
RK, I'd imagined you were sobbing gently into your lunchtime soup.
I haven't filtered the Colonel because at least you can have a good debate...
With Q its like continually hitting your thumb with a hammer...
Q, you have absolutely no knowledge or understanding of how fund raising works and, to repeat myself, yet again you've fallen for very transparent corporate pr.
Just for the sake of argument, if your argument is correct, why did our finance team depart?
I'm afraid you are wrong.
Do you really think I care...?
I prepared a £860m IPO and I've raised over £1 billion in capital markets...so what...?
Why do you guys not have him flltered...? Unless of course you like the hilarity while we wait for summat to 'happen...
You can still wind him up...its like throwing raw meat to a rottweiler...too easy really...
Oops there go more green stripes...
LunchMoney - re 12.24 post - both restrictions apply.
So any unrestricted company can issue up to 20% of it's issued share capital but SOLG can only issue 5% due to prior agreements or articles.
Ray … do you believe there was a failed attempt to raise cash ?
From what I'm seeing quady seems to hit many with 'facts' that seems to annoy certain individuals.
Addicknt completely wrong, we didn't cash raise, we tested. Therefore we never failed, stop trying to rewrite history.
RK, your filtering meant you missed him accusing you of not knowing anything about raising capital.
BNC you go to the top of the class for your honesty...
Now please please devote the rest of our SOLG existence to converting Quady...?
Never wrong...never apologises...
And before your calloused thumb hits the keyboard Quady, remember you're filtered...
Q, yet again you've fallen for corporate pr. We tried to raise money and we either pulled the issue because of existing shareholder objections, or the market wasn't interested. DC tried to dress this up - understandably so. But whichever way you look at it, we went out to the market to get cash and we didn't get any; ergo, it failed.
Well said.
:)
OK Folks I stand corrected
It's a cashbox placing.............
[if I may however whilst i know SLOG have used the "cashbox" terminology, it remains the fact that it is a placing albeit a limited less restrictive one]
atb
and thanks for the correction(s) - every day is a skool day...........
r's
BN.c
R's
BN.c
That's fair enough LunchMoney.
Good grief ColonelDrake what rubbish, it's after the BFS that funding is easier as we have options and interested parties. And yes we can fund up to BFS, don't you read anything.
redknight1,
Alpala is a streamers dream. The mix of PM's is exactly what they are after as it gives them options compared to say a 90% copper concentrate. That's why we heard of Franco's interest to fund $1bln or perhaps $750m between Boliden and Franco. I've not supported the idea of SOLG financing this project with or without royalty taps, I just think it's too big a call and yes an equity component would be required at some juncture but that's post DFS and too far out to worry about right now but will certainly play in the minds of those funding the here and now and the next 6 to 12 months. This is what I was saying a while back. It's harder too fund now as all involved know it's a black hole ahead of DFS.
It's time to sell and all know it. Lets get it done!
Good grief someone tell ColonelDrake there was no failed funding. We know that now.
DGR = NM...simples...
If I'm right, a cash box bypasses the pre-emption rights inherent in a 'plain vanilla' placing?
Thereby allowing the exclusion of, e.g. BHP and Newcrest...
Please correct me if I'm wrong...?
Spare us the semantics pls.
Twigger hit nail on head prior to last AGM... it's time for BHP and NCM to put up or shut up. Stop trying to 'control' SOLG.
Now if DGR are retweeting the battle between NCM and BHP then I think we now know that all is not well between these two and the failed funding may well have more to do with these two not agreeing.
CGP quiet as a mouse says to me that that they know this is coming to an end soon... the end they wanted... that ends with a payout. They would be spitting bullets now if not.
To my mind there's a very good reason why Alpala will never get to production and that is...
They have to raise a couple of billion dollars; some of that has to be debt/convertibles. Banks always want their pound of flesh in such financing...they demand shareholders have 'skin in the game'
So who will put up the equity element...?
If another major player is hungry enough we have a battle
If BHP/NCM pit up the lot or a large part of it its game over, so...
Why would any of the would be buyers let it get that far...I still say SOLG will get at least one bid by Christmas...
RK
Because a placing is a placing is a placing................always been known as that since I've been investing/trading so lets call a spade an effin spade shale we & not dress it up as anything other - raise funds by issuing shares in the co via a placing........