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I did say a while back that this guy is motivated big time as he has a year to prove himself in what will be a catwalk for next Feb elections. He'll want Ecuador's largest ever mining investment to be looking nicely advanced ... that's for sure.
Equally... it won't want egg on his face. It won't look good on him if he's signed a big mining deal only to see it going no where fast. So logic says... he must have discussed finance or seen sight of finance plan before agreeing to IPA. There's no reason for him to agree to the IPA unless it is required prior to finance. So as BBG says... the finance package deal or 'intent to finance' letter of intent etc etc will be in place. So question is... is this the long awaited sale or the first domino to fall that draws all the buyers on sidelines to the table??
SOLG shareholders need it... Mather most certainly needs it. Bob feo needs it. Noboa absolutely needs it. China need it. And... a few others out there really need a Tier1 asset to drive growth forwards over next 10 to 20 years+.
On that basis... it will get built and Franco inc Osisko knew that long ago. But a few on here seem to have doubted it.
Can’t agree to spend $3.2bn unless they give us an exploitation agreement too
Catalysts continue to appear
By Trump: Super Tuesday, CIPA signed and delivered,
Yes indeed dbw exciting times again hopefully
Yes... wildtiger trying to get back in lol!
Straight into auction
Bozi,
You obviously don't spend too much time on SOLG these days. Don't blame you really as like a mental asylum in here these days. You'll have to catch up on some posts ... I congratulated Scott on getting the PFS out when he said he would.
5.6p a share on Monday which is all dwn to this management team and no one else. And you want to pat them on the back?
Next you'll be up for giving them more bonus shares which incidentally... they will be seeking.
Https://www.moneyhouse.ch/en/company/solgold-finance-ag-19809599031
NM still in play...
I have aimed a lot of criticism towards Scott, some deserved, some maybe unfair, but I will happily give him a load of credit if/when he gets the share price back in to the 30s.. until we get a monetary event, it’s still wallowing in single figures.
Yes it looks like it may finally be on the horizon after some very dark times.. but we still sit in single figures.. if a monetising event is done in the teens, he cannot in all seriousness claim a huge multi bag success..as it that’s where we were when he took over.
Eloro, surely you can now see you were wrong about Caldwell?
Letsss go!
🥚🥚🥚🥚🥚🥚, it looks like it could be you who has eggs on face!!! why your concerned with anyone's shareholding paints a picture!!
Tesla, now you know why Red is affectionately known as Lord Braggart 😆
Add, I will hold off celebrating until the SP reflects this new found optimism. Solg SP has a habit of ending red irrespective of good news.
About Hannam's 63p target by June 2024, I had some back and forth with them.
Their target and short-term timeline is in fact not based on the expectation of some imminent event acting as catalyst for a rerating, but is still based on the 2022 economics. In their own words: "We maintain our target valuation at GBp 63/sh based on the 2022 PFS and expect to revise our model upon reviewing the new NI 43-101 technical report which is due to be filed before April 1st.”
Tesla1 - absolute muppet who doesn't own 1 share. Good chat as usual.
Hereforhemo, the IPA has been signed with Solgold, not Barrick or the Chinese.
An IPA would not be signed unless Solgold could show how the finance will be raised.
If someone was going to buy us as part of the deal, that would be market information that had to be disclosed.
We would at least had a RNS.
We haven't.
It's Solgold that is raising the money and the IPA shows we have or can do it.
Fort - have you not reserved a well done fo Scott and SolGold? How about an apology for trashing them for months on end?
Come on Fort. Be better. Hold your hands up when you're wrong.
The poor 🤡 us certainly Warren Buffet
That aged well. So will it be the Chinese or will Barrick steal the show? Who cares, its getting funded!!!
RE: The Chinese Buying3 Mar 2024 12:44
So Noboa and a strong Ecuadorian delegation in Canada with Scott and Chris leading the SOLG team and various meetings arranged with majors over the next few days to progress Cascabel. I would suggest that if it's going to happen it going to happen now. My money is where its always been, with the Chinese. I don't think they'll get it without a lot of competition therefore I don't think they'll get it cheap, but they have deeper pockets than anyone. Hold for gold (and copper..and silver).
Well done Mrprt...that's a significant wedge. Keep in touch.
Fort, as much as it may grieve you, it's not just Nobby who deserves the plaudits, Caldwell has done an excellent job as well. Just think where we'd be now if you'd got your way and SC had been kicked out at the agm. It doesn't bear thinking about. Luckily the holders of 2bn shares understood what the board is trying to achieve.
Well that's good news and timely. Well done Noboa. He's clearly a man that gets business done.
So with EXPLOITATION CONTRACT signed early Dec 23, SOLG have until Early May to excute it which in effect locks in the "legal, economic, technical, social and environmental commitments of the Company".
So as far as I'm aware, funding package will need to be outined and revealed before May 6th.
No wonder the house broker expects fireworks over next few wees with 68p target... or was it 63p?
We trot on..
Scott cannot make commitments to fund 3,2B without confirming source of funds.
So, sounds like next step is an official signing ceremony in Ecuador - will the cornerstone investor sit alongside us
I agree addicknt.
I posted the full list of deals at 17.46 yesterday and it didn't impact the TSX so let's hope for a better reaction today...
(Although it may have been an undercurrent to yesterday's steady rise...)
The second of several positive RNSs to come...non dilutive funding next...?
Or a TR1 ?