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* Quady not quash
Quash
DBW’s post makes absolutely no sense in respect of a JV.
If the licence is so valuable that a TO commands a premium then Solg can negotiate better terms for a JV.
I suspect DBW needs a premium to the current SP sooner rather than later hence the disjointed ramblings…..
Correct addicknt I do believe we would be the majority partner.
This would leave us free to explore the rest of our tenements with the cash generated.
Hi Add
Any JV would see us as a minority partner ….. we’d get screwed over and all potential takeout value would be decimated….. after an initial spike the share price would very much resemble CGP’s ….. we concur on this at least
DBW, a while back I posted what a jv may look like and the implications for us - it was horrible.
I don't want to put words in his mouth, but Q has previously based his thinking on us maintaining a majority holding and being able to fund the whole thing with debt/royalty deals. My view is that this is wishful thinking at best.
Add a JV at best would provide a small spike in the share price and would be my cue for a quick exit ….. T/O is the only sensible outcome here ….. we are funded for at least a year with the ability to raise further without more dilution so we have plenty of time to put the right deal together. Not that I think we’ll need all that time.
FTJNY….. filter the tool
Q, I hope for all our sakes a jv doesn't happen - I fear you would be very disappointed.
FTJNY - looks like the only troll is you.
Solg running out of cash
Tesla - Still trolling a BB of a stock you don’t own!
FTJNY - looks like the only troll is you.
Feasibility study wasn’t viable by independent body
Tesla - Still trolling a BB of a stock you don’t own!
Sorry format not formal.
Correct addicknt he said we were not mine builder's, but in the same presentation that we would build with a JV.
Ortherncopper I believe you are correct.
But one of the main reasons we redid the PFS was to put it into a formal that could be imported into the DFS and would leave us with little to do.
Lastly maybe we could build a cheaper open cut without a DFS. If we could take offtake at a billion pounds worth.
After all no DFS was required for the Franco Nevada deal.
Afternoon Quady... A finance package is indeed an issue.. my understanding is most finance packages are based on the results of DFS studies... we sacked off ours... end the experts involved in creating them..
I am assuming any finance package in the current credit environment is going to bite...
Any future for Solg's involvement with Cascabel can only be as a junior partner with a major that does not need outside credit packages.
Put this in the data room !
RE: Https://oilprice.com/Metals/Commodities/Copper-Can-Go-Up-10-Times-Warns-Billionaire-Mine-Owner.html
Q, how does the 'evidence favour production' when the CEO keeps telling us we are not mine builders?
FTJNY - looks like the only troll is you.
Solg an exploration company that can’t fund any exploration
Good afternoon Ortherncopper, I have maintained that the evidence favours production. If we can get the financing in place for a higher gold recovery at a cheaper rate, and a open cut to start with, which is one of the things being looked at in the strategic review. Then I believe we will obtain the explotation license.
Tesla - Still trolling a BB of a stock you don’t own!
Orthern, do you imagine our directors are not aware of this?
The scenario you describe is precisely why the SR is taking place and is the reason something has to happen fairly sharpish.
Caldwell was holding his cards very tightly to his chest, but one things for sure, he isn't relying on internal 'engineering studies' to provide the solution.
Jeez you're scraping the barrel pretty quickly there Tesla1.
Well there is the nightmare scenario where we get to January and the exploitation license has not arrived... our exploration license has expired with no decision to mine made... we are then in danger of losing the license... that's the apocalyptic result and back to 1-2p.
No major needs to bid for us now... they all know we only have the finances in place to stay mothballed for another 8-12 months.. then what? well they already know.... We get our begging bowl back out needing another raise? at what price then? after our total lack of progress has lowered the share price even more.
What will we have achieved by doing nothing, no exploration, just living off existing cash reserves until next spring summer? absolutely nothing but slowly reducing our cash..
Get some exploration done... even just a few holes somewhere. I didn't invest in a lifestyle company for the benefit of staff salaries and benefit packages.
What a great business plan.. don't explore any licenses, lets just shut everything down and hope someone will bid for us.
FTJNY - looks like the only troll is you.
BHP & NCM strategic holders to deter any potential bid.
Tesla - Still trolling a BB of a stock you don’t own!
FTJNY - looks like the only troll is you.
Huge political uncertainty in Equador where solg have all their licences
Keep them coming FTJNY always good to highlight the negatives for the ramping troll