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Agreed BBG it’s clear who is and is not lolzzz
The answer is that these daily parrots are not invested and are here to disrupt and raise doubt . They actually think we read and give two cents about their comments
The last Mather was head pn block we had a feather expensive and proactive campaign (letters, companies employed to canvas and so on) to ensure everyone voted for him. And even then, he made it through by skin of his teeth.
This time around, it is likely to be different but not necessarily by much. So a close call again but I think it's a 'risk' that Mather cannot afford to take.
So here's one to ponder.... if NCM and BHP 'stroke' Mather in a way that pleases him eg ... do equity raise and no royalty and we will vote for you at next AGM. Tempting for him? A couple of scenarios below which when one is faced with savings one skin... might be entertained.
1. BHP and NCM get another 4% equity each and SOLG raise around $140m via 28p placing
2. On that basis, BHP and NCM agree to vote for Mather at upcoming AGM.
3. BHP and NCM agree to a lock in of 12 months making no bids and thus allowing SOLG to drill regionals and move to DFS.
4. Lock in can be dropped if a bid comes from somebody else
Not my preferred option at all but there are two key 'gains' which SOLG could gain from it... Mather secured and 12 months to drill baby drill and prove up PFS2 to level where all can make a fair judgement on a Bid this time next year.
Personally, I just can't see the value in gaining another 12 months+ for $140m dilution and worse... more ownership to BHP and NCM as the likely result of regionals and PFS2 might be good but very doubtful it would add a great deal to the sp unless they hit biggest hole in SA.
So as Darryl says... we have time to explore all options and that's no doubt what they are doing now.
Quady you need to get a life sitting on this board posting all day every day imho
capital tier ration one was meant to read capital tier ratio one.
Good afternoon StukeyBlue.
Let me start by saying raising cash for regional drill and raising cash for Cascabels construction are two different propositions.
To raise cash for the regionals for drilling can only come from issuing more shares at this moment, but that's what all explorers do.
Cascabel and Alpala are a different prospect.
We have done the hard work, the PEA and the PFS have defined what we have, completing the DFS puts us onto the last leg of the race.
This will be the BFS ( banking feasibility study )
Once this is done then as Daryl says this opens up options on financing, as we can show what is affordable and provide a CFP ( conditional finance package ).
This could be done at the DFS ( definitive feasibility study ) stage, but I suspect we will require the BFS as this is huge.
As Daryl has said, the further we go the more options we have.
Most of my investments in the past have been in oil and gas and if you think Mining is slow, try investing in an offshore Oil or gas project. Patience is really required.
So what options will present themselves.
I can't answer that, but Solgold can and Daryl looks confident, that this can be done with minimal dilution.
However I will make a guess.
By the time we get to BFS we can go and arrange most of the finance by staged loans.
We will of course need to put in money ourselves so that under capital tier ration one, we can get decent rates of interest and the amount of money loaned to us.
So how do we do that.
Well some dilution will be required, but hopefully by the time we get their, Bonds will be issued. I word suggest 5 and 10 year terms.
Lastly we have offtake and have seen 100 million raised for 1% of offtake, however with the reduced scale of mine under the PFS this has been recalculated around 1.27% I believe. ( figure could be wrong as typing this from memory ).
Hence we may go down this path, but my preference would be to use this as a contingency, if we run into problems or delays.
This is speculation and Solgold have the figures and I believe a good idea of what the DFS and BFS will look like, as the PFS gives us the costs.
Thank you for an engaging question, I hope you now understand my position better.
I have been a shareholder for 5 years, bought a lot more expensively than you. I admire your position never waivers. I think that is what this board is meant to be about. I can't say I invested to wave your flag, however as senility becomes more prevalent, I have forgotten how you would raise the cash to fund the rest of casabel, please remind me? Quess against bankable DFS, but wouldn't that mean no funds for outlying projects as the money would be ring fenced for casabel/ So where does that cash come from? Not trying to start an argument
Bid or no bid 2022 we all know where this is going perfect opportunity to top up on the dips accumulate and hold as soon as action starts world of work will be a distant memory lolzzz
Assuming NM will be loggerheads with BHP, if he wants to keep his position on the board he'll need the support of private investors. In order to do this he'll have to communicate clearly what his position and strategy is. I look forward to it.
I won't take that bet because I can't be certain of the sp - bet only stands for no bid for the remainder of this year.
OK Ray ... try this you've just said let's see the sp at the end of the year ....I'll have a grand with you to charity to say its higher than today or sold ....really off now speak soon
Quady you can bet on that 100%.
Deep down dbw agrees with me.
Gl
I will take the bet of no bid in 2022, loser never returns.
I am betting we get no bid.
Massive you wouldn’t keep to your word simple as that
That was a quick about turn Ray .... even by your standards .....Iol
off to the beach
2022*
Bet me DBW no bid in 2023 losers never returns?
Ok Q how about a small bet ( all proceeds to charity)
I say NM will not be on the Solgold BOD come the first of January 2023 ….. charity of your choice …..help the aged with learning difficulties??
Yes quady I can’t see why everyone says he is toast
Why wouldn’t pi vote for him , cornerstone might along with some funds who are in this for a return ?
Does he just require over 50%
sure lol
Let's see by the end of year DBW.
;)
DBW he is not toast he won last time, If PI's want a proper return on their investment then they will vote for NM along with NM's 20% he can call on.
Found it - but thanks DBW - In SLOG's MAY 22 MD&A Report
https://wp-solgold-2021.s3.eu-west-2.amazonaws.com/media/2022/05/2022.03.31-MDA-2021-to-2022-FINAL.pdf
page 7
Thanks again DBW
R's
BN.c
Lol Ray