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Cheap as chips Josepi...and you have to fear a market bounce and a continuing copper and gold rise going into PFS2...
Ingo is bound by a NDA
"This will bounce and bounce fast on funding news"
Depends on the funding deal. Back in sub 18p
Will be jumping back in here shortly on the sale of my house...
This has been a great share for me in the past and I genuinely feel for all the suffering LTH here.
There is an incredible tier 1 asset -assets here the BOD just need to get their act together.
This will bounce and bounce fast on funding news .
I am flabbergasted at how low this share price is currently at.....
It would not surprise me for further declines.
Hopefully this will resurrect itself on new funding news.
It's hard to know RK, what exactly Ingo was referring to. I'm guessing he hasn't thrown you any tidbits of information? We also lost our metallurgy manager at the same time, which is completely at odds with a company that has a stated aim of developing an asset.
Afternoon Cadell, to be fair they communicate with us when they have something to tell. but mining is a slow industry so we shouldn't expect meaningful updates until they have one.
I for one am happy with the communication.
I wonder if that change of strategy was a cashbox raise after saying the previous one was a one off, or...
The move of locus to Brisbane. Maybe Ingo was offered the CFO role on condition that he moved to Brisbane...and didn't want to do that because he could see the company being taken over immediately after the disruption of relocation...
Who knows....but the Alpala funding is still a way off.
In fact now I think of it, he was working hard on major North American involvement, but maybe the Barrenjoey involvement was seen as a major and misguided change of direction towards Australian funding....
Quady, yes, they are proceeding as they said.... in total silence. A bit like Scot of the Antarctic
I was always under the impression that a DFS and BFS were the same thing, just with slightly different nomenclature. Both offer a greater level of detail and accuracy vs the PFS, giving bankers a level of certainty to commit finance to a project. I am happy to be wrong though and would appreciate someone articulating the difference.
Things change Quady, Everything you quote is many moons old.
"Solgold are proceeding as they have always said they will proceed."
That's a very sweeping statement, how do you KNOW that Quady ?
You are passing off your dreams as fact again.
Just a quick reminder, we recently sacked the person who was responsible for putting together the financing package for Alpala, who highlighted a 'change of strategy' as his reason for leaving.
Copper broken out...on a tear...
Gold also rising steadily...
Silver up 12% in less than a week...and we have plenty of that...
Good afternoon Ortherncopper, we will go to production with a full financing package. That has already been said.
However we cannot get the full financing package without the DFS and maybe the BFS.
Solgold are proceeding as they have always said they will proceed.
Last year we had TAM, Porvenir MRE and Cacharposa..
The SP rose 40% in the 7 weeks from Nov 26.
Everyone survived except Moller who, with Nick and Jason were the old brigade. Jason barely survived but has gone since.
They simply HAVE to get PFS2 and Porvenir PEA out before the AGM otherwise, as I've said before, most of them could be toast...including Darryl...and they know it...
That’s what everyone said this time last year
Hold on Orthern...
They simply cannot go into the AGM without good news...
I can’t see any way forward other than updated PFS, highlighting all the extra value… and that after strategic internal review we have intentions of Cascabel to be monetised…. Data room ready…
I just hope they are faster at that, than their progress with our regional joint venture programme, which is now widely seen as a joke…. Similar to the French translation stalling for time debacle..
Any hint of continuing going it alone without a full finance package in place, will see all the share price lift from the PFS update vanish within days… it’s Standard Solgold tradition, so to be expected….. I will certainly be selling a chunk again without any supplementary news with the PFS..
Copper looking for a significant breakout that would take it on a trend towards $4.00
Comex copper stocks still marching steadily downwards and LME stocks at 5 month low...
Dollar falling steadily from a massively overbought position...good for commodities...
How long can the copper and gold bears/shorters hold on...
Darryl needs to go. He brought nothing but uncertainty.
Fair comment SM
redknight - reposting here as the last thread was deleted (inevitably).
Fair enough red, my worry is that as the market knows a fundraise is coming we run the risk of investors not attributing fair value to the updates. As we know, the SP has declined considerably since it became apparent that our major shareholders are at loggerheads on the way forward, and we had to pull back from our CEO's preferred method of raising funds.
I appreciate I must sound like a broken record, but things are very clearly not good at the top of the tree at SOLG, and for investors - both current and prospective - that is rightly a serious concern.
While the cloud of uncertainty hangs over the company it's hard to see any real share price appreciation, but that's just my - admittedly pessimistic - view.
Well done DBW, And thanks for your diligence.
Interesting article DBW.
It goes some way to explaining why the likes of BHP will not pay full price and they want assets cheaper than exploration companies are willing to accept.
13000 seems a lot in today's terms. But in a few years who knows.
It also explains Solgolds direction of we must take this to production to get best shareholder value.
Lots of talk as usual about bids here, but maybe individual's will read your post and start to understand why that's unlikely.
I still believe that Solgold has called this right and things will be more positive on this forum by the new year.
DBW they need to get on with an offer then I want to retire lol!!:):)