The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Lunch
It’s a presentation re merger
https://wp-solgold-2021.s3.eu-west-2.amazonaws.com/media/2022/10/SolGold-Cornerstone-Transaction-Investor-Presentation_2022-10-12.pdf
I guess he'll be setting out the rationale for the transaction and I'm not expecting much else. Of course he won't be able to say anything interesting.
Rare for a significant RNS to be released during trading hours.
I hope you guys have posed plenty of questions. This is the opportunity to learn. The presentation will be a non event unless an RNS is released prior to it.
You won't need a link for today's presentation, it will be a rerun of the last 10 just look them up on youtube
Redknight - can you elaborate? I'm not seeing the relevance in that statement. All it's saying is that if we settle 20% in cash then all shareholders will receive that cash, not just certain ones, and that the number of SOLG shares being issued would be reduced accordingly.
There's nothing in there about that being funded from existing resources.
If you calculate the implied CGP valuation from the SolGold offer then you'll return to your a original assertion, which was correct.
Reminder Solg presentation today at 1 pm
Thank you Lindyloo55 and StukeyBlue.
Thanks Talatum.
So if Darryl's statement can be taken at face value, there is cash until the end of the year...
I was wrong about the cash need on the merger, as this statement makes clear...
"Pursuant to the terms of the Agreement, SolGold may elect to pay up to 20% of the consideration in cash, in which case the cash would be pro rated among all Cornerstone shareholders and the number of SolGold Shares issuable to Cornerstone shareholders would be reduced. "
So we can now focus on the takeover prospects and any gems that Darryl leaks out in the presentation...
Quady. It is at 1.00pm BST. I use investor meet people
investorhelp@investormeetcompany.com
morning Orthern,
I honestly don't think he can afford to do the same old presentation. Within limits I'm expecting this to be much more revealing
Quady , it is Investor meet. There is a link 50 messages back (or similar)
https://www.investormeetcompany.com/solgold-plc/register-investor. Morning Quady. Here is the link. Kind regards
Will prob get the block caving video again lol
May I ask that someone posts the link and UK time for today's presentation, as I do feel this one may be worth watching.
Thank you.
So, Irwin's locked-in. He wouldn't have given away his power to sell unless he'd been told specifically that it's a full or partial disposal we're after. And he most certainly wouldn't do it if it was a fund raise the guys were pursuing...no one in their right mind would.
That’s all your going to get Rcgl.
I’ve given up tuning in to these presentations.. I used to watch with a real keen interest, each presentation Solg did. But they have become stale, entirely predictable and worthless.
Your going to get generic pleasantries about CGP and then deflections and vagueness regarding the funding.
Hope you get it mate.
Seanhunter thinking of a new windsurfer myself :-)
In the past any questions about funding have been batted away with something like "Ingo is working on the funding and we will update the market in due course." But now I don't want to hear that sort of deflection, I think shareholders are owed at least a bit of clarity. There is no more Ingo, no one is even thinking about the long term funding to build Cascabel any more because that appears to be out the window, and the company is rapidly burning through its remaining cash pile, with no drills turning and some major deliverables due soon. I'd like an answer about short term funding, give us some comfort that the lights will stay on.
What I don't want to hear is another Darryl non-answer. "Yeah, no, look, I'm not worried about funding." Give us some clarity then.
Morning Bubble, fingers crossed buddy.
That's the spirit! We normally only hear talk about boats from the LTHs only when the SP is 35p or higher.
Even down here at 16p we can actually be more optimistic than ever right now, The endgame is starting.
Hopefully there will be a few new boats launched soon.
No doubt we're set up for another boring DC presentation restating what we know and with no new news...
We needed a juicy RNS today...vague hope he might issue one as he speaks...?
Dont hold your breath.
Nick was stultifying at presenting but at least he gave us something to chew on every couple of weeks...