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Jesus what a fwit red is. Heās not in a closed period, that is 30 or 60 days before results are published to market
This clot claims to have been on boards in ftse100 companies and he hasnāt the first clueā¦.
This is already a Gold play...especially if you take in Porvenir, Blanca Nieves, Rio Amarillo, and $70 billion in Cascabel...
And for many who don't know the story I still think the name SolGOLD is a big reason for the correlation to GOEX, GDX, GDXJ as well as COPEX, which just set a new 2 year high...
The gold miners only have 9 years ore left...as well as Bristow saying they are looking at 'copper/gold' plays; Scott has made clear that the gold can be produced at the same time as the copper at no additional cost AND...where you find copper you often find gold...
Let alone the silver we have at Alpala which produces a globally low AISC of c$1/lb for copper...
Agree Add. It is a red herring. You'd be hard pushed to find a trader/smelter who is going to sink many many millions into a project that doesn't start construction for 2 years and therefore doesn't produce for at least another 4 or 5.
The answer is in plain sight. It's about getting Alpala to turnkey status. In this sense I think turnkey is basically "buy the components of the mine and plonk them here, here and here."
RK, particularly as he's publicly stated this process is ongoing i.e it's not considered price sensitive.
They also said on P235 of the PFS3 that they had EoIs totalling more than the initial CAPEX for Alpala...i.e. $1.6 billion....
As my very good friend has pointed out to me...
Scott DOESN'T need to be in a 'closed period' for "non dilutive, non equity funding"...so their must be something else brewing i.e. 'monetising the asset'...lesser project sale; JV; SOLG bid; W.H.Y.
Hence he doesnāt give a monkeys about the three year average share price as itās irrelevant when we get that first bid for the whole company
I am warm
Ice I didn't mean to suggest he wouldn't get the options, merely that they wouldn't be worth much.
I knew thereād be something like that for a takeover.
Caldwell is in for Ā£300k a penny over 17 so itās in his interests to get it as high as possible
Addicknt - with regard to SC losing out on his options, Hubris Hunter has a different view on X.
He says...
"The vesting is 100% in case of a merger > 17p. Caldwell would get all 30 million. WHY? There is a Change of Control clause (CoC) which states clearly In the event that the Company undergoes a change of control by way of sale of greater than 50% of the voting shares in the Company, or 50% of the assets of the Company, or any resolution to wind-up, dissolve, or liquidate the Company, or there is a change greater than 50% of the Company's directors as a result of a reorganisation, all Awards will vest early.ā
"Any takeover bid above 17p and Caldwell makes the difference. Hypothetical eg: if a takeover is at 25 p = 2.4 million pounds for him pre tax"
āThose who donāt get the full pictureā
Did he actually post that with a straight face?!
How about a J/V for Cascabel where the 51% partner gets first dibs all the ore in return for funding the whole of the upfront CAPEX
The Phase 2 CAPEX is funded from revenues...
Interesting alternative to a full bid but...if it was announced as a proposal I believe it would trigger bids anyhow...
"Monetise the asset"
Why accept 51% when you could have 100%...
Meanwhile the "non dilutive, non equity funding" could drop any minute...
Then watch the SP go...its the only worry left now for those who don't get the full picture...
HFH
When I asked Scott about the exploitation agreement he said by end of Q2 but hinted could be much earlier
My moneyās on Camomile & a fairy cake
Darren reference your earlier post. Whilst I think you are correct I think its important to note the following. SOLG had a six month window to change the Phase state of Cascabel from an Exploration Phase to an Exploitation Phase and I believe this is what has been eluded to from your contact. This is not the same as the Exploitation Agreement being signed off by the Minister for Mining and the Government, which I believe we're looking at the end of Q2. Just my take on things.
Living live to the full Q
Yorkshire tea and a bourbon?
Thank you Eloro, I think it's time for a mug of tea and a biscuit.
While I watch.
Great to see Solgold , break out of single digit territory, should continue its strong momentum , now that itās been confirmed no cheap placements are expected
Eloro, to be honest it's come as a bit of a shock.
I agree about about that Truffle bloke and why we've retained an adolescent to run our IR is beyond me. Maybe he's at junior school with one of Caldwell's kids?
HFH ā¦.. agreed
And re Scottās (supposedly throwaway) line re 30c US my take is the lower the starting number the more competitive the situation will become and thatās what we all want at the end of the day .
Time to divest ourselves of a non core asset or two to spice things up?
Here is the link Quady:
https://youtu.be/bLeCuwDyEU4?si=oDS4WQ5oK9zJ0cg8
Sorry Add, I should have been more vocal regarding the low esteem I hold for SC š
Sadly, Sean seem even dimmer than SC. Hence, don't hold your breath for a response from him!
1984 Apologies, I should have said Barrick AND 1984 lol
RE: As if we didn't know :)11 Mar 2024 23:04
DBW that's the good thing about Cascabel, whilst some will look at it as a copper play, others like Barrick will definitely see it as a gold play. I think we'll see multiple bids this year which means it's not going to be cheap..whoever eventually wins.
I'm also of the opinion that it's partly responsible for the current excitement.
Just scroll back. The first post from TheItalian contains the link to the YouTube interview. It's really worth listening to as it contains all sorts of interesting nuggets. In fact, it's the best interview I've ever heard from one of our CEOs. It also contains his very odd comment about 30 cents.