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addicknt, you know full well, that a dividend will be paid, after the first year of production, as we will have debt geared in such a way to do so, you also know that we will also have money for development. So all in all a little disingenuous.
Actually, I'm going to amend my last statement. The free cash will be used to develop our other projects and will not be coming out in the form of dividends. The fact is, for this company to reach your mythical "full value", it will take 20 years or so. And that's why it will be in the hands of one of the mining majors. Most of us will be pushing up daisies by then and NM will almost certainly be sitting in the saloon bar of the Angels Wings telling everyone who cares to listen that this is going to production.
Q, it will take at least six years for the mine to be operational and another three/four years for the company to be generating real post-tax profits and net cash to be available for distribution. Ten years in total. No thanks.
Excellent answer addicknt, but I am not going to be here in 6 years times debating this, and no, it's not because we will be brought out. So even after it is built, and we are in production, you will still be arguing that this is not going to go to production. Made me smile.
Just for the record. The moderator has removed Redknights post at 13.07, saying that my post was libellous. This was removed because it was libellous to suggest that my post was libellous in the first place.
Q, any offer of funding will be conditional only. Specifically, it will conditional of the DFS which, as we know, is a long way off. However, I do agree it would be great to have a conditional offer on the table as it would strengthen our negotiating position., and I'm all for that. What it most certainly would not do, is deter a bidder.
Hello addicknt, I did cover that to be fair, I said in previous posts, that the main stakeholders know what they got. I think we are both on the same page, and both our valuations on what Solgold is worth, are near to each other. Would you agree, that should we secure the funding to get Alpala to production. That It makes a takeover much less likely.
Because they offered peanuts! That has no relevance. Again, mention all these packages all you want, they just doing what they have to. Don’t mean a thing to the outcome. They could pull it off, not saying they can’t. So Ecuador is looking like the next big thing in the mining world, SOLG own a massive portion... there’s your counter argument for a big player to take us out and dominate the region. All just guess work so stop talking like you have a crystal ball. Same pointless argument every day.
"if someone wanted to buy your house and you didn't want to sell it, you don't have to..." True. But you have 100% ownership of your house. NM does not have anything like the same thing of SOLG. Very poor analogy, Quady.
Agreed durhamfox, and we are bigger now, and getting bigger. Too many on here, think it's about money, that's nowhere near the full story. In order for a takeover to succeed, you have to offer the main shareholders more than they already have. That's hard enough for any takeover, but when the value is constantly shifting in an upward position, it's almost impossible. Solgold is not for sale, if someone wanted to buy your house, and you didn't want to sell it, you don't have to sell it. I know many parties own blocks of shares. I only see CGP screaming buy me, and we all know, how that's going.
It seems interesting, and clearly people have moved their position, over the last few months. So useful to continue this debate. It seems to me, that people are moving their position towards production. My reasoning is thus:
The two camps were miles apart, however reading between the lines, I think if we sort out the financing for Alpala, and start to build, the position will shift further towards production. Maybe we are not so entrenched in our positions after all.
NM has told us recently that he has several debt funders offering the build package. One of them will be Barrick or BHP or similar.....but another will almost certainly be the Chinese..... Choices choices. NM has also said equity release is the preferred option but dilution has a part to play too. Z
Yeah they know their preferred endgame outcome, what a redic thing to say. Can’t base it purely off the noise the company is making as they have no choice but to act that way. So they could all know they want to be taken over also!
Telling BHP we want to sell doesn’t obtain maximum value, they would just sit back and wait for things to crumble unless a rival bidder showed their cards. Acting like a potential threat however does and exactly what they’re trying to achieve.
I personally think TO, purely from the financial risk side of things being too big for a company our size. If BHP etc want it, they will get it.
When Solongold as it was then at the outset when Malclm Norris identified to drill at Alpala Nick Mather said "the company wants to move on from explorers we have been successful as explorers we now want to go forward and become MINERS "
OK, 'coz I'm bored...I'll play................ So FNV are going to 'give' $3,000,000,000 to a minnow called Solgold, to a company that has NO previous experience of mining anywhere in the world. They are 'gifting' the money for 2-3 years in the hope that Solg will be able to achieve the technical, logistical, political standards that will allow them to produce ore in 2025+. They are comfortable that should the wheel fall off (for whatever reason), solg will have guarantees in place to re-imberse FNV. And Paul Brink will sign on the dotted line, to agree to his company's reputation not being on the line? Phew.........................for a while there I must have dozed off...forgive me..heh heh. Z
What do people not understand that SOLG have to act like they want to go to production, they have to try get things in place to go to production to obtain maximum value and be seen as a going concern. If they didn’t, any potential suitor would just sit back and let the funds run out Or the price drop and get it cheap etc... so the argument either way is pointless. No 1 knows, although historically explorers going to production is very rare. The more they sort out the better state the company is in, which also is more attentive to a TO, so it’s pointless keep going over the same argument every day! No 1 knows until it happens and no 1’s opinion is fact like so many pretty state on here! Including mine!