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Ahhhh - the colour green. The infestor is moving across the board @ LSE. The message is however getting thru slowly - filter the TWUNT and the problem goes away. Each evening, this should become a ritual and we can all carry on business as usual. Try it and Enjoy. Z
is meant to be funny. The odd joke on the board is fun. Posting lots of jokes after admin have gone home is toooooo much. I will read any responses tomorrow after the board is cleared again. I reiterate Having just spoken to the Greek God Plouton, "giver of wealth," and god of the land—and the mines hidden within it. He said that solg will not take this to production and there will be an RNS tomorrow to state we are going to JV with the Chinese. Thankyou all. Yours sincerely Napoleon. LOL
STAY SAFE and indoors. Unless you are a locksmith, Then you are a (SORRY) "KEY WORKER"
Having just spoken to the Greek God Plouton, "giver of wealth," and god of the land—and the mines hidden within it. He said that solg will not take this to production and there will be an RNS tomorrow to state we are going to JV with the Chinese. Thankyou all. Yours sincerely Napoleon. LOL
Patrm, I am sorry you are another one who reads my posts and then pretends I said something else. Please read, I never called anyone crazy, I said some of the arguments on this forum are crazy. ( completely different ) Please read.
Hi RICH3R, they are the ones that say with certainty that we cannot go it alone under any circumstances, they said this would be sold before the PEA, They say this will be sold before the PFS, they have been saying this will be sold for 8 years. Those are the ones I am on about. They are also the ones saying it's impossible to raise the finance. These are the ones that attack me, with no reason apart from I have never run a company, or dealt in cooperate finance. Which is true I haven't. However that is their argument, they point out, that I haven't run a company, and think that is some sort of argument. I have been investing 40 years now, and have seen many companies in the Oil and Gas sector borrow money, under all sorts of conditions. Some of the arguments on this forum are crazy, but people believe them.
I agree DartFrog. I am amazed at some of the so called experts on this site, as the one thing you require in business is a can do attitude. Makes me think, they haven't any idea on how this will go to production. They are so blinkered and believe we must sell it fast, which means sell it cheap, so they can spend the money . All the best.
Hi RICH3R, hope you are good. The latest debate with Redknight isn't about if we go to production, and he keeps on going on about production. It is about the terms that Franco Nevada gave us 100 billion to get us to DFS. My argument is you don't hand over that amount of money, without understanding the business plan. So I am saying that talks on a comprehensive scale have taken place between Solgold and FNV, otherwise they wouldn't have given us the finance to get to DFS. It's no more than that. Ask yourself a question, would you give someone 100 million dollars, if they didn't have a business plan. All the best.
The question about whether or not it is possible to go it alone keeps coming up. If we are not going it alone, why have we arranged finance to take us to DFS/BFS? People on this board keep saying that we will never be able to finance the building of Alpala nor any of the other mines that we are planning to build. First we have to build Alpala.
Why are we not able to build Alpala? The mine contains x million tons of copper multiply this by the price of copper (use a fairly conservative price) , take off a percentage (say 5%) as some won't be possible to extract, etc. This gives the value of the asset and can be used as security. Provided the cost of building the mine is considerably less than the value of the asset, we can borrow against the asset. OK the loan may be too big for one bank to provide on its own, so the lender will probably get together a consortium of lenders. This is normal banking practice, OK BHP might achieve a better interest rate compared to Solgold, but we are only talking 1 or 2%. This is doable and in the unlikely event that we should go bust, then the bank/s sell the asset to a major or the Chinese, etc, at a good price., i.e they get it cheap!
I used to work for an American bank in London a good few years ago and we did this sort of lending, usual as part of the consortium not usually the lead. These days there are more sophisticated instruments available than there was in my day and in any event I decided that I was more interested in other forms of banking and my career took a different course.
Anyway, my point is that there is all sorts of ways we could raise money, not only by bank loans, as above, but secured bonds, convertible or otherwise, royalty deals or even a rights issue, or more likely a combination of all of them.
It is certainly possible to do it alone, we could do a JV but these, from what I have heard, often finish up with winners and losers. So only a 50:50 or more favourable to us JV please. Or we could sell off one of the sites. In other words there are plenty of possibilities without us having to sell up cheap!
hi Quady, it seems that many posters don't agree with or like the recipe that you're dishing up as to how SOLG's assets are taken forward.... via production, because the timescales are far too long, and there's real threat of dilution along the way.
We are all entitled to our posting-views of course, but for someone regularly posting 400 plus posts a month, by my calcs, most readers aren't agreeing with your views via their recommendations ??