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Dbw, I did wonder whether yesterday's rise (think we were 8% up at one point) might have been down to the shorters closing out their position. Might see a similar bounce when North America wakes up.
3m traded already
Q, how can it? We won't have a DFS and I struggle to see anyone dipping into their pockets without one.
Addicknt maybe the strategic review will include financing.
SM, I took that to mean the whole process. Of course, I could have misunderstood...again!
It seems even a simple statement such as when can we expect the results of the SR, are open to misinterpretation.
You need to ask why they are dragging their heels.
That was specifically related to financing though, and "in connection" with the ongoing strategic review. I thought it was a pretty vague statement (vintage SOLG).
"The Board expects to recommend its future funding strategy in H1 2023 in connection with the Company’s ongoing strategic review."
SM, the H1 comment appeared in the Prospectus.
Orthern, you are clearly not happy invested here and at times I share you cynicism. But there was no way they were going to announce the outcome of the strategic review before completing the merger. Where have you got end of June from?
If the strategic review is dragged out towards the end of June, it would mean it will have taken the fat part of a year to complete, given It was announced it was already underway back in October….. Given we are not a large, multinational corporation, with complex operations all around the globe, more a small explorer, with just a single, proven asset… how does our strategic review take this long?
How can it possibly take the best part of a year to discuss and decide what to do next with our only proven asset?… It’s just continued heel dragging in my eyes…
‘Quick and clever’ my ****!!!
Q, they've given themselves four months to complete the SR...let's hope they manage to get it done before then.
I was being tongue in cheek. It’s probably the most tax efficient way of paying their dividends.
With a coupon of 5% I'm sure they'd get lynched if they used the funds to buy a junior in Ecuador.
Unfortunately.
Jezzoo BHP is a global company.
I can promise you very little time is taken discussing Solgold.
We are a long burn asset for them.
Besides they wouldn't need to borrow money to purchase us.
They have more than enough in the bank.
Correction... it’s 2.75 billion. They must need highlighters as well.
Maybe they're going into production............. in Ecuador.
BHP just issued a 2.5 billion dollar bond for general corporate purposes. See today’s RNS. Heck of a lot of dosh for photocopy paper and admin!?!
Addicknt, let's see how this pans out.
I see the strategic review as being near now.
Unlike Redknight and DBW who have said it will never see the light of day.
Like you I hope things will become clearer.
Correct SharketMare.
Read what you just wrote.
I have never said a sale could not happen, but under the current circumstances that production is the most likely outcome.
You read one part of your statement and twist it into what you want and ignore the rest of it.
You should really filter me as you really don't like facts and only want people to repeat your own worldview.
Q, the thing is they're not 'random statements' - they've come from perhaps the most influential man currently involved in the process. Surely you can see how this leads to confusion?
You are the master of the straw man argument if nothing else Quady.
You also note below that the strategic review is about advancing Cascabel and can't result in a sale. Here is what it actually says:
As previously disclosed, the Strategic Review includes, among other things, evaluating and pursuing value-enhancing opportunities for the Company, such as:
· evaluating financing alternatives for the Company;
· a spin-out of assets, other than the Cascabel project, to all shareholders;
· the direct or indirect sale of an interest in the Cascabel project howsoever effected; or
· any other transaction or series of related transactions.
SharketMare I can tell from your last post that you are clueless on financing.
Yes we will require money ourselves to part finance.
But remember the size of Cascabel and also what was said about Tandy.
Financing comes in many forms.
Sit back and observe instead of making crass statements.
Because you have no idea how to achieve something, it doesn't mean that Solgold has no idea.
That's arrogance in the extreme.
Morning addicknt.
It doesn't matter what anyone else says.
People can always find some random statement or quote to suit their position.
Look at all the broker notes on here and the people that believed they were factual. (I know you were not one of those).
You have to remember that we have said which tenements are up for sale or some type of JV.
Cascabel and Porvenir are not in that list.
So to answer your question. What does advancing Cascabel mean?
The one thing it doesn't mean is selling Cascabel.
After all that would not be advancing Cascabel.
Quady, the longer I spend invested here and on this BB, the more it becomes apparent you have absolutely no idea what you're talking about.
Honestly, were you as an investor to sit down with our current BoD and say "well chaps, after reading everything you've published and put out there in the press it looks like we're going to start with an open cut mine to self finance the full block cave operation", they'd **** themselves laughing before having the men in white coats come and take you home.
I do wonder whether you continue to post this nonsense just for the laughs, in which case fair play, because you've got me hook, line and sinker.
When I was a kid I had to put 5p in the call box to make a call, before my parents would allow it!! How things have changed!! GLA
DK