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I'm surprised the PFS Addendum / PFS3 STILL doesn't make any allowance for Tandayama?
Why? We have MREs for Tandayama. According to today's RNS:
"The TAM deposit outcrops at the surface, resulting in a low strip ratio, offering an excellent opportunity to provide additional mill feed for up to 7 years and the potential for an earlier start of metal production from an open-cut mining method.
The current evaluation of the TAM deposit is not at a PFS level and is, therefore, not included in the Cascabel Project economics presented above or in the PFS mine plan."
Surely near-surface, early start production is precisely what we need for a lower Capex start-up?
"Material uncertainty" is a standard clause...
They could do another 0.5% steaming deal at the drop of a hat...
Mini cascabel has to be worth $2bn alone then there’s the rest of the mine to go at (some 80%) with the profits
And the two smaller finds can feed into it all
All it takes is one suitor to show their hand. We’re close
KapilD its Sangha who is in charge of the financing...massive experience e.g. Wyloo Noront...
TheItalian - "20-25p target" - careful, you'll get called a deramper!
Out of curiousity, is that target for Cascabel only? I.e. attributing zero value to Porvenir and regionals?
Best wishes.
Totally agree JMA46...wealthy people making money from driving good companies into the dust..
Oh how massively wrong you were triumph...
And Scotty already did a streaming deal to Osisko..
On a side note, if you look at the past raise and royalty deal done in late 2022, Bob and co clearly thought it would get them to June 30th 2024. If they thought they needed more then they would have got that away back then. So based on that, it's fair to assume that the 157m CGP shares that Scott has cited a few times as potential for future funding with zero dilution (as already in issue) would have been valued at around same price (in their minds) so at 16p, that's not far off $30m. That would sort a further year if they required it.
So if this is a game of 'playing for time' and remember, we've already been told that the Chinese have been kicking tyres for sometime now...then the way to put pressure on management is to suppress share price and limit the impact of those 157m shares. Royalty option is still viable and Chinese or BHP et al really don't want that to happen. So it's dangerous if they push SOLG into doing another royalty... that in effect counters the argument above. But overall, I think it's clear that this has run longer than Bob previously imagined. Chinese new year ends next week so you never know... news might drop when you least expect it .. bit like today's PFS.... not many thought that was coming until late March.
Personally, I think on basis of PFS today, Scott is welcome to part of his 30m bonus shares at 17p. But future awards should be zero. There should not be any further bonus share awards based on the sp performance and the weak cash balance.
So Pfs the day after MDA...mid Feb
Gold assumption 1750...still low...
IRR 24%.. a 26% improvement...
Gold at 2000 would take it up to 27%...
Bring on the bidders...
The PFS may not recognise it but potential bidders will. Gold will be a lot higher in the years to come so this is looking a steal
Forget the copper that helps pay for the mining of the gold if nothing else
That's fraud drake.
Grow up!
SOLG has also been one for the traders and long termers and for those that do a bit of both. For the likes of Bob and Mather et al, they only really have one option and that's to hold and get a deal away. So in the end game, they are aligned with all shareholders but it's the inbetween process (as you say) which often feels like they have chucked pi's to the wolves. Not all pi's can stomach the ups and downs. Some with leverage or mis timed trades get burned ... and so they should as that's gambling no different to horses or fruit machines no matter how sure you think the outcome is.
Bottom line... the asset is back in the window and it will catch more attention now that many can afford it.
Furthermore, as we are led to believe, interested parties have been in the data room for well over 18 months now. So some will be very very advanced with due diligence and others will be readjusting their views or returning to the table.
I know it's cynical... but if I had no scruples what-so-ever and cared nothing about reputation, then I would place those 157m shares into my mates hands or offshore unrelated accounts .. double my holding from 155m to 312m placing them at 9p or something and then within a month or two... recommend an offer via some entity for 35p a share.
Like Bob said... no one cares about individual circumstances or pi's vs investment funds.. no one cares... but the only think that they all care about is making money. Some will make more than others. Indeed Bob... some will.
Remember, at 6.4p a share you all have a chance to add to stock if you can afford it. If you can't... that's your problem... that's Bob's mantra and a sad one at that unfortunately. But that's markets for you. They lean to the insiders... they benefit the rich.
Byron is a joke.
Tesla, why have you put dear novice last on that list? Should be ladies before gentlemen?
Ray
The posters you mention have had the temerity to challenge byronbayclown’s ramps, sorry I mean posts, and anyone who doesn’t agree with the clown’s 120p valuation is slapped on the de-ramper list.
I think he is confused which time zone he is in, oz, Italy or wherever else he pretend to post from ……..
Seriously!!
Read todays RNS for news
Trust The Italian to put forward a reasonable level headed summary of today’s news.
It’s a a shame th4 rampers can’t learn a thing or two from posters like the Italian………
These posters are so underwater a submarine could not help them out, they will try absolutely anything to try and get readers to buy and help dig themselves out of the hole they have gambled themselves in to…..
Avoid these clowns 🤡 at all costs
Was in this in the 20, sold at a loss at 12p. What happened, what's happening going forward and is any news in the offing? I might re-invest.
Don't forget your trolly lidls gets busy.
😉
You’re a dewhanker sweetie ❤️
Quite a few will wake up soon. You can't a market whereby 2 years ago it prices the stock at 41p or £850m market cap on a PFS with IRR of 19% and $3.4bln capex and then 2 years later have the stock at 6.4p or £190m market cap on PFS with 24% IRR and $1.55bln market cap.
It's like pricing PoG today at $2000oz only then to price it at $450oz 2 years later for no reason at all!
Market has gone nuts.
Apparently I'm a deramper for posting this morning mm's will pump it up and bring it back down.
👍
"Support BHP’s growth agenda globally mainly focused on metals exploration activities, but also Business Development efforts to access potential early-stage inorganic growth opportunities, and building relationships with strategic stakeholders in hosts countries where BHP is aiming to operate in coming years."
Back to Lidl's for her.
•¿•
Not me.
don't know when I brought in, but it was 3.5 British pence.
I just hope his losses don't make him repeat the wall Street crash. and he jumps out of the window