The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Now let's get the bloody thing sold!
Novice. Let your mum decide where to go shopping
I suspect she will still take you to mothercare, till your a bit older
There you go and quelle surprise ... just like I predicted, not sure about blockbuster but good enough to get us back to 8p,
will I do my online shopping at Aldi or Waitrose later hhhmmm
So the 'early Q1' was correct then and Scott missed it by a day.
Can't fault the revised PFS. It ticks all the boxes. Would have preferred the IRR at 25% but 24% is very investible and 33% is the more likely outcome imho as copper prices rise in future.
$1.55bln much more realistic and an achievement considering the old $3.4bln capex would be more like $4bln right now.
I agree with Bozi to some extent... they really need to understand markets better and how they work. They should have done the MD&A on Monday and then issued the PFS wednesday.
There will be a few that sold out yesterday who will not be very happy with this news arriving today but if shorters have been involved and SOLG know foul play is underway then perhaps todays news release is designed specifically to catch them off guard and hurt them just like they have hurt us? Sometimes you get a bigger share price reaction when you catch shorters off guard.
This PFS is more than marketable... it will have lots of interest from buyers and finance players. Especially as it leaves 82% of resources untapped.
So looks like funding to follow then.
I'm not convinced. Funding questions still hang over the company. They should have extended the working capital pot first.
Will be happy to be proven wrong but i suspect we see a +10% day best case.
Bozi, I suspect the release was timed in order to put a stop to the hysteria. Hopefully it will.
Bozi maybe they planned Monday, but saw the market reaction yesterday to them missing “early Q1” by a day and felt they couldn’t risk waiting!
Nah sorry Add, it's poor. Friday is well renowned with investors as a day to bury bad news so naturally, any news released is generally assumed to be negative.
They should have gone for a Monday morning release with accompanying media.
As for the study itself... I'll refrain from commenting. I'm not as encouraged as you but in a similar hole so will let my concerns slide for now.
Thank you addicknt just about to get up and grab a mug of tea.
IRR sounds excellent, mine life not so important at this time, but obviously required for the calculation.
Development costs at the top end for the open cut, but sounds like we can obtain the financing and finally start construction.
Will comment further when I have read it.
Bozi, come on! Let's be thankful SC delivered more or less on time and that the study is encouraging. It's certainly one in the eye for those who were howling at the moon yesterday.
Ofcourse it looks good adikt,
It's those rose coloured glasses
33% pre-tax IRR. 28 year mine life. $1.55bn capex.
Well, let’s see what that does, and how the market reacts. I’m hopeful of a significant boost from this ridiculous low level.
Why have they dropped it today. Morons.
Monday was ideal. Let shareholders have the weekend to calm down after yesterday's calamity.
Just when everyone was starting to think it was like a mythical unicorn
PFS completed. First glance looks good.
I for one really do not want to see any kind of fund raise again. Not without some realistic plan to monetise Cascabel with the cash. Raising $50 or $100 million in order to kick the can down the road even further, whilst continuing to enrich these muppets would be catastrophic for both my sanity, and the SP. Sadly, after all these years, it’s beginning to look like bid(s) or bust.
Another fantasy post from DBW.
Solg tried to raise funds 12 months ago and I’m sure you know there was no appetite in the market at thecpricecSOLG wanted.
But 12 months later you think it’s no problem raising cash if selling assets.
Have you had your head in the sand the last 12 months…..oh yes you actually have along with BBG, fortissimo and Redknight….
It’s amazing how the rampers continually refuse to see what the markets are talking them and come out with even more outlandish predictions……..
Hope for hemo.
Your post.
". I never pay attention to anyone else (certainly not a BB) but myself whilst realising that just because I think I'm right. It doesn't necessarily mean I am"
I suggest you look back over your posts.
I suspect you may realise how ridiculous you sound.
To date you have not got one prediction correct,
You have come across as completely out of depth.
Yet still get almost hysterical, when somebody far more experienced than you, points out your naivety.
Been thinking….. Maxit could have raised money at any point in the last few months had they wanted to…… it’s what they do.
It’s very possible they haven’t done because they know they won’t need it. Potentially the same with the revised PFS .
Whether the money is coming from a takeover or not I’m not sure. Even $50-100m for say Porvenir would see us funded for a few years.
It’s very easy to think the world is ending when we’re staring at a screenful of red numbers.
There is momentum building in some quarters over here, for support for a class action to be bought against mather and the solg board.
Btw if Caldwell announces the PFS as a stand alone piece of news with no forward plans or financing attached, the share price will plummet further. The trouble is I'm not sure that he is smart enough to figure that out, so expect him to announce it stand alone. It will likely include some wonderful projections and cost savings, but no clear path forward. SOLG has less than zero credibility left with the market, so only hard evidence and "cash in the bank" will be believed, anything else is just words into the ether Scott.
Time to split the company up Scott (actually that time was long ago, but better late than never I guess...). You have wasted enough time waiting around for potential bidders, who have had more than enough time to make their bids. Obviously the bids are not coming, so lets start moving onto plan B. Desperate times...
It's all staring to make sense now as to why Caldwell was able to gain 98% of the votes cast at the AGM. The big shareholders are more than happy with what he has done to the share price, why else would they possible vote for him?
Yes but slug , nobody has offered even $1 for Solgold as far as I know , and it doesn't look likely either. And no I must decline your offer as the heat pump is bust. But under guarantee as only 8 months old.