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I believe the 'tier 1' reference is advertising (For Sale sign has been hoisted) to prospective buyers. Almost the starting point for negotiations to buy Cascabel
Non dilutive funding next...
And I repeat...no Director/Insider buys means something is brewing...
They do seem in a rush all of a sudden don't they?
They had until April 1st to release the technical report, so releasing it now suggest in my opinion that they needed to get it out there before issung some other news... and we all know what that might be about.
Official signing of investment protection must be up next in Ecuador but not sure that can happen without evidence of the funding backers or partner deals. One thing is sure... Mr Noboa will be going for max publicity so I would expect a well documented ceremony as $3.2bln is Ecuador's most historic investment commitment to date and spells the beginning of major mining projects in the region. It will have super majors around world looking as well as neighbours like Chile, Colombia, Brazil etc. They'll soon have a new metal exporting powerhouse to contend with.
Https://www.mining.com/ecuadorian-government-releases-controversial-prior-consultation-manual/
Good morning addicknt.
Understand, however what we can say is no bid is on the table at the moment and not only was the undertaking taken, it was accepted.
Hence our current position.
Fomad - I believe a successful bid for Solg (should it take place) will be in excess of the NPV figure of 3,2B. So 100p +
Morning Q, yes, the corporate entity has committed to spending 3.2bn, but the question is, who will own that entity?
If the business is sold, the commitment simply passes to the buyer. I take it you can see the difference?
So the share price increased 30% during the week prior to the effective date of the technical report, being 31 December 23.
Coincidence? Insider buying?
Good morning Fomad.
I have no idea, it depends how it is done.
Hence more info to become available.
I do believe that the information we get in the short term, will guide us in how Cascabel is constructed.
As I should imagine finance will be staged and we are going to have to do more than outline the various stages of construction.
Unfortunately this is what is going to take time, hence we still have some way to go.
Fantastic. We all love the term 'Tier 1' as this commands a far higher premium and lower cost of funding as risk is lower
"On this basis, reference to the Cascabel Project as "World Class" (or "Tier 1") is considered to be appropriate."
Quady, in this scenario where Solg source the funding themselves, including a JV, what multiples of the share price do you anticipate?
Probably all still here like my good self! I'm still fully loaded and happy sitting back watching the show unfold. I'm happy with what I see, I'm sure the other guys are too!
Good morning Eish.
You are missing the point.
Solgold are committed to spending 3.2 billion dollars.
This is not speculation, it was announced by the government.
So it's going to happen, we just don't have the details.
It fits in with the two finance guys.
We just hired.
No one is going to bid for us, because that certainly would have equated to a RNS.
That is market sensitive information in a big way.
Also if someone was going to bid for us, we wouldn't have hired the two finance guys.
The money is in the process of being arranged.
Certain undertakings have been exchanged between Solgold and the government otherwise no announcement would have been made.
We just await the form in which this will take.
Please feel free to speculate how this may take place.
But the only thing we can be sure of is it's going to happen.
Hence the announcement.
And who was first, Copperpot, he, he!!!?
I wonder what has happened to Broke Novice.Com and some of those other lovely posters? The lady with the Sprinkels and the one that use to go fishing every now and again!!!!/
Https://ceo.ca/content/sedar/SOLG-2024-03-11-technical-report-ni-43-101-english-a58f.pdf
Errrrmm.......2nd post actually!
:-)
Nice to be the first post of th day after a walk along the beach!
I agree with hereforhemo and expect share price to spike with multiple bids this year. Majors simply cannot ignore what Cascabel and surroundings offer. Possibly more than one Tier One a possibility? Remember we offer both a Au & Cu play but, what about THE SILVER?!!!!!! That must spike as well in the near future and will outperform the others for a short period of time, I suspect!
Is today our day for more positive news? Hope so!
GLA
Good to see SOLG on a rising trend these past few days from the low 5p range back to 8p range in a matter of days, shows good momentum towards the next step up 9p,-10p
A Breakout into double digit territory by the weekend would confirm the trend upwards,
meanwhile Gold is holding recent gains, but is there more to come??
Jim Wyckoff, senior analyst at Kitco Metals, adding it is very likely gold will see new highs in the near term.
It’s definitely a gold play, even the likes of Jiangxi are hiding behind the copper story.
Only gullible morons think that the world is going net zero
DBW that's the good thing about Cascabel, whilst some will look at it as a copper play, others like Barrick will definitely see it as a gold play. I think we'll see multiple bids this year which means it's not going to be cheap..whoever eventually wins.
Looks a great year ahead for PoG... been a long wait but the stars are aligning.
You've done slow and stupid for 18months Bob... now time to go fast and smart please. H1 or H2 will do but needs to be this year as markets likely to roll over and turn south once voters have voted in election race... US markets always go up pre elections... with help of Fed Reserve of course.
https://www.proactiveinvestors.co.uk/companies/news/1042837/gold-price-to-hit-2250-but-wait-for-pullback-first-says-ubs-1042837.html
HFM - cheers fella
Here you go bud...
https://x.com/hubrishunter?t=W5t7L5gH4iDNHk36iLfJRQ&s=09
HH is an opinionated twat who thinks he knows how a spread getting platform works better than someone who actually built one!