Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Wow Solg so low atm ! I was interested years ago when the share went from 13 p to 81p in one day and bought after that on numerous occasions! Without looking back at the previous rns they were drilling around 50 holes in Casabell project where there was supposedly huge cooper inserts ! What’s happened? Many thanks JP
They need to get out of this stuff. They are not up to the task. This is a big risk. As such, it will go for a song unless a miracle.
My gut feeling is the IPA is taking a lot longer than anticipated due to Solgold failing to meet the spending commitments of the previous one, by circa 200 million dollars as contractually obliged.. and any progress being so painfully slow getting it towards production..
The government could easily be doubtful of Solgolds ability to deliver on the next IPA… After all, they will know just as well as we do, that Scott has mothballed the business and announced that he sees no current end date to the strategy review.. they are probably as dissatisfied with our management as we are..
Lots of recent activity by MINEM highlighted by Hubrishunter on Twitter (frankly adding more value than 'Fun Facts' Sean Tufford). Solaris, Lundin visits etc.
But where is the Solgold-specific news and visits? A bit odd, given the size/scale of Cascabel.
Why can't we see tangible evidence of the "commitment from all parties involved has been outstanding" (Corporate Update 22nd Jan)?
Is the Govt tired of waiting? Where is that revised IPA?
Potentially BIG week this week all, best of luck to all, we've all been here too long so let's hope the next batch of news is the catalyst we've been promised. C
"Revised PFS will force hands to move therefore perhaps more is afoot"
This is just total nonsense. Do you even believe it yourself, BBG?
There’s been abuse every day for at least a decade!
They can do what they want with them. Hopefully nowhere near these levels. There would also be no further dilution.
It could well ruffle a few feathers but at this stage who cares.
Looking forward to a good couple of weeks let’s hope they deliver on time and above expectations for once
Can the Company put the cornerstone shares up for a "BID" to the highest bidder, if and when the time comes to raise cash???
or would this just aggravate existing Institutional holders?
Judging by the increase in the incedence of abuse, I've come to the conclusion that something is in the air apart from the usual bull shyte.
Stack - found this in novicehunter's posting history
Says it all really..
"You do and I'm ringing the police. Makes no difference to me as I don't know what i'm talking about most of the time. but hey riches are just around the corner so F-ck You"
Indeed DGR may become the starting gun for the shootout here.
... will move quickly ..... https://www.youtube.com/watch?v=vaG8pQt8l7o....
Paddy 100% certain they'll hit their deadline.
They won't need a cash raise if they are selling it.
DGR has zero coin in the coffers and they don't seem to be too worried.
Revised PFS will force hands to move therefore perhaps more is afoot
Does anyone really expect the company to hit its self selected deadline for the PFS?
If Solgold are not attending PDAC, it’s more likely because they want to avoid having to fend off all the obvious questions, and having nothing to share or discuss since the company is mothballed. Their showing there would be embarrassing.
HFM I actually meant to say PFS out by Wednesday, and it's my belief that needing cash by the end of Q2 is the biggest driver to move this forward.
Well, one thing is for sure, cash is slowly running out and the next option to raise capital must be the banked cornerstone shares. If they are to be sold to a strategic, the board have to work their nuts off to get the sp up so someone doesn't get them for s song so catalysts must be coming. Thanks for the update on the PFS 2 Hfh, might just add Monday or Tuesday as surely it can only lift the sp from here. ATB, C
BBG Not sure the timescales fit with your scenarios. Its my understanding the PFS will be out next Wednesday so if there is a bid it'll have to be quick for it not to see the light of day lol. And i would assume the sale of Porvenir would be more likely to be included in the strategic review rather than related to the PFS? However it plays out there seems plenty on the table for SOLG to monetise one or more of their assets in the near term, if not the company itself, and as you point out, when the SP moves..it moves quickly.
Do you mean it will move down quickly?
October 9th 2022 42p - 4th Feb 22p
17th June 2022 35p - 7th Oct 17p
8th Sept 2023 - 15p - 22nd December 7p
Buy on rumour sell on news!
We have had the rumour of the revised PFS, what will this look like after people selling on the news…
"the market yet again losses confidence in the CEO's ability to forecast anything.."
Ship sailed. Horse bolted. Share price crashed. And to think, some here thought DC was bad for solgold.
Bbg says everything is fine. If you want to reassure yourself (!), read his back catalogue of claims. He's like a human crystal ball 🤣
Subby - BHP would quite happily let it slip away.
They have £100m invested give or take. That's nothing to them. They could easily just write it off in their accounts.
Same with Newmont, same with Franco, same with Jiangxi, same with Osisko.
They're all massive corporations that can absorb a loss of their investments in a matter of weeks.
It's PIs, the Maxit/CGP crew and Nick Mather that stand to lose the most here, and it's that which keeps the investment case in tact.
Fort - where did he promise anything?
You do know what a promise is, right?
Is Q1 not until end march