George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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You forgot :
heart attack factor 9
Blood pressure 10
Quady production factor 11
Despising at the current share price, despite throwing a good chunk in recently around these levels the low price does concern me.
I'm not a chartist and this is not based upon anything, but looking at the 5 year chart, could we be at a 20th March 2020 price point inflection where my hope is there is much upside from here?
Honestly this share keeps you guessing and even today's (current) small rise seem to come out of nowhere based on nothing. My take on the share...
Entertainment factor: 8
Investment potential: 9
Worry factor: 7
Direction certainty factor: 3
Randomness factor: 6
Lol
There is major demand from the smelters as Cascabel PM's mix is diverse and not just copper and gold. That'sthe extra wow factor of the discoveries over the last few years. We have a seriously rich vein which offers a multi basket option to smelters which gives them additional exposure to metals that you don't get in some mines/regions of the world.
Shows this has further upside today.
Mind you not saying a lot after the past few weeks carp performance.
Bozi, I accept your point, but what if we're talking about BHP or any of the other majors? Why take the risk?
I think the people in the off takers office have probably grown as weary at Solgs constant, poor levels of progress and delivery as the rest of us.... and probably doubt Solgs capability/competency to deliver anything in the same way the market clearly does...
Our level of poor management and delivery over the years, has probably lost us a great deal of goodwill in all areas that involve partnership deals.
Add - if you were responsible at the off taker's office for doing a deal would you have second thoughts if you thought Cascabel or SolGold was about to be acquired by Jiangxi or Mitsui?
I think you'd say "pass me the contract".
To turn the argument on its head, if someone was looking at doing an off-take with us, don't you think they'd have second thoughts, given they'd know the likelihood is a change of ownership? In other words, why go to the cost and bother? Indeed, this may explain why we haven't already seen one.
"We shareholders can't be expected to keep carrying the can for the future owners"
Not sure majors with deep enough pockets got there by taking pity on PIs... Sorry Fort, but we won't threaten, antagonize or bully our way into a TO bid. Majors will wait until it suits them. And Chinese companies aren't famed for altruistic deals, either...
I'm not pro or against off take deals but I am against further dilution. I'm also for kicking off an auction or asset sale or monetisation event and quite frankly I couldn't give Aussie xxxx what kicks it off but you can't keep things status quo as all potential bidders just sit on hands.
Got to get the domino rolling and like I said... any royalty, stream off take deal etc all comes with reversing or buyback ops and it's peanuts to majors or Chinese.
So don't get too upset if you see something announced that might upset the majors.... I think that's the idea now! The longer they leave it, the more dollars it will cost them. Remember, SOLG/CGP have just made it very easy for any national (Chinese) or Super major miner to acquire 100% ENSA and that's already come at a considerable cost to us wee shareholders. We shareholders can't be expected to keep carrying the can for the future owners. The change of the guard carries responsibility and SOLG have spent millions building a socially respected Brand in Ecuador which is also worth quite a few quid but won't appear in any of the PFS resource numbers.
Fort, personally I would see an off-take deal as an impediment to a transaction. Sure, there may well be a buyback clause, but it'd come at a cost and any potential buyer would adjust their price accordingly. Best steer clear.
Indeed Pad
283k buy at 14.0556
addicknt,
sometimes you have to annoy the majors a little bit to kick start some action. I think you'll find that the majority of deals done to date all have various 'buyback' options albeit based on certain timeframes.
The Franco deal and Osisko deal had buy back options I believe, so it might sting a little but it's minor stuff in greater context.
I doubt SOLG would sign away too much without leaving the option to buy back a chunk. That's how you keep your 'door' open to offers while also keeping the lights on.
“We’re on our way, we’re on our way.
To a sale of Solg, we’re on our way.
How we get here, I don’t know.
How we get here I don’t care.
All I know is Solgold’s on their way.”
Nice bit of quiet buying yesterday and today, if this continues on the run up to completion of the merger we will be back at 16-17p levels ;-)
Terry, from your nonsense of yesterday, I would wager good money than I know way more than you do about about Newcrest. I have plenty of experience of takeovers too.
Mine is an opinion, as is yours. I just think mine has a lot more credibility.
rcgl, indeed. I think most of us who've been investing for a while understood the difference.
SOLG have been talking about potential off-takes for as long as I can remember, but none have emerged...thankfully. They would be extremely bad news and would diminish our attractiveness to a major, who would have no interest in seeing our production going into the hands of a trade competitor.
I've always thought of the point of the royalty deal is that the company is giving away some of its future expected revenues in return for cash up front today. Solg banked $100m from FNV two years ago, and FNV get 1% of all future revenues whatever they may be once production has started.
Whereas an offtake agreement is to provide certainty of price between the seller and the buyer of goods/resources. For example Solg would agree to sell concentrate to an off-taker at an agreed price for a defined term in the future. This agreement could then be used to help secure financing from lenders who get comfort from the fact the company will have a "guaranteed" revenue stream in place with which it can service the cost of debt financing that the lenders extend.
Nice 126k buy at 13.62
According to the slug, a 443k bid at 13.50p appeared on L2 and was immediately removed. Look for a late print disguised as a sell later when the price is higher
Sorry, Q, I hadn't realised you were 'seeking clarification'. Your comments appeared to be statements of facts, not questions. Perhaps it's best to read the company announcements?
Unless it was after a successful NM takeover, NCM wiould be very unlikely to 'unload' their SOLG stake for less than 30/35, as they have specifically kept it as a 'strategic investment'.
In fact for all we know they may indeed have an agreement to sell to BHP in certain circumstances, but having come this far, like Blackrock, srely they will want to make some coin...?
You're absolutely right rcgl and I should have put my suggestion in quotes 'poison pill'.
Undoubtedly a shareholder rights plan is prohibited, but what I proposed is not, as there is little to prevent a company making a bid for another company at any time.
The fact that they are subject to an unwanted bid at the time is irrelevant.
My suggestion was imply to make NCM a harder pill to swallow. But also, taking over SOLG could make it a serious player.
Thank you DinnerMoney you have provided the clarification I sought.
I think Sangha will have moved fast looking to get this sold ( question remains whether Cascabel or the lot) ….. He’ll have seen us going backwards for years and (as we all know) realised there was no way the existing company were capable of taking h to his to production.
I’ve always assumed the merger is the main ( and maybe last) obstacle to clear but could it be the extraction license? Get this alongside the recent trade deal with the Chinese and we could be off to the races.
Whatever it is I think big news will break very soon.
Addinct… you’re wasting your breath