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Now that's better green posts only from you ,
Oh needalife filtered ni time for dreaming people imho will listen to a balanced board
Yes good thanks pinot,indeed we been round the clock a bit now here our 3.2 and 10 will reward us one day lol!!:):) Ccx
Byron if you was in Australia, as you ridiculously claim. You will have read in the papers FMG are pulling out of Ecuador, because of political uncertainty. Solg philosophy. Post the first thing that comes into your head. Then rk, quady and bubble can think up a 28 paragraph post, of mind numbing unfactuall garbage, so as to sound smart.
One day you might have saved up enough cash to actually own some shares in your name... Pleb
Morning Bubble..... I'm good Thank You and yes still waiting impatiently It better be worth it. Hahahaha.
Hope life is treatiing you well my friend.
Pinot
:0)
Quady balanced board everyone has there own opinions
Morning Pinot ,hope your well my friend ,still waiting lols l!!:):)
Jezzoo what are you on about.
I only have reported two posters on here.
Lots of nasties on this site, but I don't report them.
"No one knows, you get fraud everywhere. "
Funny how you are blasé about serious fraud when it suits you Quads yet you are vehemently opposed to other equally serious topics, some that you repeatedly cancel new posters for.
Morning all.
I have to say, this year (and last year for that matter) my juniors portfolio is a thing of nightmares, I only managed to come out of PREM with no losses but otherwise SOLG, OMI, ECR, COBR, ARS, SDX, HUM are really painful.
Morning Shipright, morning all.....I agree with you Shipright I don't he does.
Pinot
:0)
I think Randy Smallwood might be Fort's other nickname...
The Italian yes agree there ,the progressing cascabel to production might just be a front t to what's actually going to happen let's see
Needalife what major shareholder has sold out of Solgold.
I still think this would be Plan B for SOLG, if a buyer for the lot does not come through, but the Lumina deal certainly proves that SOLG are doing the right thing by streamlining and de-risking, under the headline "Advancing Cascabel".
I'll buy your house then lol!!:),intresting post regards other gold mine ,still interested in Ecuador I see as an investment ,let's hope indeed the Chinese finally take solgold over
You beat me to it as I am invested there to but yes....if the grades supported it WPM might offer SOLG a deal.
Point one what happened to the millions that disappeared.
No one knows, you get fraud everywhere.
They are reducing staff as they are cutting costs while undergoing a strategic review.
Even you must be aware of that.
We are not running out of money. We are adjusting our run rate, so we are financed into 2024.
Mather is not difficult to deal with.
He just supports all shareholders and will not sell out cheap.
Now answer a proper question.
What major shareholder has sold out of Solgold?
Needalife this is pointless but
Lumina Gold Announces US$300 Million Metals Streaming Agreement with Wheaton Precious Metals
Vancouver, British Columbia - Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the “Company” or “Lumina”) is pleased to announce that it entered into a precious metals purchase agreement (the “Gold Stream”) with Wheaton Precious Metals International Ltd., a wholly owned subsidiary of Wheaton Precious Metals Corp. (“Wheaton”) in relation to its 100% owned Cangrejos gold-copper project located in El Oro Province, Ecuador (the “Project” or “Cangrejos”) on May 16, 2023. The Gold Stream initially represents 6.6% of the payable gold produced from the Project in exchange for US$48 million of pre-construction funding (the “Early Deposit”) and US$252 million of construction funding (the “Upfront Payment”).
Randy Smallwood, President and CEO of Wheaton commented: “The Cangrejos Project is an excellent addition to Wheaton’s existing portfolio of high-quality, low-cost assets as it should provide impactful, long-term growth as well as significant exploration potential. We welcome the opportunity to work with the team at Lumina who have done an outstanding job at working to de-risk the Project and advancing it towards construction.”
Ross Beaty, Lumina’s founder and largest shareholder commented: “This transaction validates the extensive technical work that the Lumina Group has completed on Cangrejos since 2014. It will de-risk the execution of the Cangrejos project and form a significant part of the US$1 billion of required construction capital. Cangrejos will represent one of the largest gold producers in the world once built and Wheaton will benefit from its three decades of mine life. We look forward to working with Wheaton’s extremely experienced team as the Project gets advanced.”
Transaction Overview
The Gold Stream is composed of two funding segments, (i) the Early Deposit to be paid during the completion of a feasibility study (as such term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) and permitting period, and (ii) the Upfront Payment to be paid during the construction of the Project. The US$48 million Early Deposit provides Lumina with the capital it requires to complete definition drilling, a feasibility study and permitting work at the Project. The Upfront Payment of US$252 million provides approximately 25% of the total construction funding required by the Project.
The Early Deposit of US$48 million is comprised of four components:
US$12 million at closing;
US$10 million 6 months after close;
US$15 million 12 months after close; and
an US$11 million tranche that can be drawn upon for specific pre-construction capital items.
The US$252 million Upfront Payment will be funded throughout the two-and a-half-year construction period for the Project.
In return for the Early Deposit and Upfront Payment, Lumina will sell 6.6% of the payable gold produ
Killjoy. Filtering alters nothing. There is not one thing I have posted that doesn't pass scrutiny.
Now I'm off out. As nobody seems able to tell me why they find it difficult to understand why were not sold
Filtered
Quady. These points mate. Address these
Have they found what happened to the millions that dissapeard.
Mather is impossible to deal with
They're sacking staff for fun
Company mothballed.
Financial director, lasted a matter of weeks.
They're running out of money.
No leadership or direction
How many times have they reassessed the costs to go to production.