Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Ortherncopper
The trouble on here is investors have been waiting a very long time and take ever morsel fed to them as the lighting of the touch paper to ignite the sp, that just isn’t going to happen.
No one is going to fight over this, no matter how much the rampers hope they will because of the many pouts raised in Quady’s earlier post.
Posters like DBW are desperate to see anything positive in any comment because they were adding at every dip on the way down from the 40s because they believe all the BS.
I suspect Solg are caught between a rock and a hard place and and need to take some tough decisions moving forward and can’t make a decision on that currently……..hence the stalemate
There was a time when Warren Irwin used to repeatedly say that any potential major miner, thinking of buying Cascabel would have their own plan of how to build it…. That they would just bin our PFS and start it again themselves…. And I agreed..
Now he seems to have changed his position and Solgolds mining plan, headed by his mate…. is gonna blow the doors off…… hmmmmmm. I can’t stop feeling he is just trying to stay positive, in the face of disappointment..
Perhaps they don't have Twitter in the wastelands of Australia, because it's quite clear you don't understand how it works.
Indeed it would ….. along with a couple of much sought after environmental/ water licenses this could all prove pivotal
Sid. Been on here 2 weeks, and already chatting to irwin. Even better the likes of adic are chatting to you about you chatting to irwin.
Jeeeeeeeez, it gets better.
Scott's plan [which is new]
He is looking at a different design for the decline and finding a place to put all the spoil pulled out.
If he is successful finding a spoil site it will make the project a lot more attractive to a buyer.
You still can't see that WI isn't the oracle, can you? We were on point 2.99 of his 3 point plan to sell solg, now we're mining in hopes of "lighting things up". The man is no more clued in them some of the other rampers on here- he just shifts his narrative most weeks. Classic billy big balls stuff, but easy to do when you're as cashed up as he is.
RE: not just coming out and saying we are going for Tandy or similar. Shareholders aren't the priority for the moment- leave that to the month before the AGM when the hyperbole hits. For now it's about matching what we say to the incoming political landscape. Don't release an SR that then contradicts the direction of new government. See if they want huge, big ticket mining or smaller, less headline grabbing projects, then adjust wording accordingly.
For me there is one objective and the important words are “ new plan to mine it will light things up” So I think Scott is trying to improve both the tonnage in the plan and the financials and use this to light a fire under the negotiations around any sale or JV
I asked him for clarification. Will update when I receive a reply .
Good morning addicknt.
I believe the problem we have is that in the past we have said that if an offer was tabled that was fair value, then we would look at it.
People on this forum have taken this out of context and for years they have expected this to be sold.
That's crazy thinking.
From the outset Nick Mather has kept the book diverse.
No company can dictate the terms on how Solgold moves forward.
Those decisions are taken by Solgold.
We have defended successfully on all fronts.
I have always said that production was the most likely outcome given the evidence we have.
To cover your point on why we don't just say we are constructing Alpala.
Well for the same reason.
If we got a fair offer, I feel we would sell Alpala.
However the diverse book makes this expensive for a hostile bid. So that's a non starter.
So we require an agreed takeover.
Well that means paying fair value.
I just don't see that happening at the last minute.
However the means for us to construct Alpala are many.
We can fund this in so many ways. Including a JV in which we maintain the controlling interest.
The strategic review is about the best way to advance Cascabel.
That's exactly what is is going to say.
I wouldn't be surprised to see a start up for under 1 billion for say Tandy.
This part is more your area than mine.
If we can raise 1 billion in staged funding from a JV partner, royalty and loans. Probably a mixture with maybe some equity at a higher price because the question of we will build this or not has been removed.
Then do we require a DFS at this stage.
After all we have got an offtake agreement already without a DFS.
The DFS is not a problem, as we redid the PFS in a format that can be used in the DFS, thus producing the DFS on a quicker basis.
Perhaps one of you Twitter people could ask Irwin where he got his information from? Specifically, the reference to mining.
And to add to addicknt's point. How many strategic options can there actually be to evaluate? Surely this doesn't have to take half a year or more.
Add hopefully all part of a “big reveal” could be around the same time as the website relaunch .. towards end of this month …. Who know ?
Q, the thing which concerns me is the suggestion the SR will be an 'ongoing process' with no conclusion and therefore no clear direction of travel that's comprehensible to all. That is NOT the object of an SR.
If the company now thinks it can mine , just say so and we can then make our minds up as to wether we wish to continue being invested.
Engineering project's are undertaken all over the world every day.
The company doesn't need the expertise.
They buy it in.
Civil engineering project's are undertaken on a basis of continuous improvement, on costs and time to deploy.
All Solgold has to do is raise the funds.
Either you believe what we have in the ground is big enough to attract funding or you don't.
Personally I do.
We await the strategic review.
'not mine builders'. At this time we are an explorer. We can't sit around forever waiting for a TO that might not come (far cheaper for majors to have us burn through cash and fail government spending agreement, then pick up the repo concession. Don't believe the deficit deadline nonsense peddled by ramper fort- majors have other options medium term ). So we have to do something, which means re-evaluating the engineering and bringing in some mine builders (engineers) to pick off the easiest fruit. Pretty sure lots of others have tried to explain this simple logic to you fantasists multiple times before - does it take your golden boy on Twitter reiterating it for you to finally understand? Seems so. Nice if reality starts to set in for some of you though.
Dbw, exactly. But the thing is we, and the market, should not be put in the position of having to interpret matters - there should be a very clear strategy which, after all, is what the SR was meant to deliver.
Snowman, we know the DFS has been put on ice, so how this fits in with mining is beyond my comprehension.
The lack of communication and clarity has become a real issue and I confess I expected better from Caldwell.
I haven't seen an announcement either. Not about that we are going to mine it or from any engineering company working on a (feasibility) study. I am not against moving forward towards building the mine. It should add value and Solg can still be picked up along the way while the project is being de-risked.
Morning Add …. I took it as meaning his approach on how to mine it rather than any intention to get involved in the process himself….. all down to interpretation I guess
Interesting.
We know SC has talked about advancing engineering works at Cascabel, but when did he announce his intention to mine it? And how does this fit in with interested parties doing dd in the data room? What happened to 'not (being) mine builders'?
Has Caldwell tied himself in the same knots as NM and DC? I sincerely hope not. Time for a bit of clarity, Mr Caldwell.
On twitter i asked for Warren's comment on last week's article regarding possible bidders and this is what he said:
"I am sure there are multiple parties looking at SolGold, which one moves and when, who knows? It is an excellent deposit, I think Scott's new plan to mine it will light things up. I am looking forward to seeing his plan."
Oh. I forgot byronbaygold. Also has contacts on the board.???????
Current members.
Copperpot. Has contacts on solg board
Dgi. Speaks directly with scott
Shipright. Speaks directly to scott.
Mrtit. Retired at 54, from profits in solg.
Redknight, buys 1000000 shares a week.
Fortissimo completely away with the fairies.
Enough is enough. Goodbye
Mrtut. Not gone anywhere, as much as I intended to. I feel I must respond to your silly little post.
I repeat it once more. I have and will never report a post. Not even your fantasy.
"Retired at 54 off the back of SOLG going up into the 40p,s about 4 years ago."
Yes mrtit, it's laughable isn't it.
It's fantasists like yourself who get posts removed, out of the shear embarrassment of being found out.
E
Finally, until your silly little inflamatory post. I never even knew the thread had been removed.
Now I will gladly depart, but will always respond to the likes of you
Wow .. 2 green lines and no replies to them. Best to keep it this way. They eventually get bored and leave for good