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Stackhigh - do you consider a
Will try again...
Stackhigh - do you consider a sub-£300m MCap to be too high for a company which owns 100% of Cascabel and various regionals at different stages of exploration?
I'm sure SOLG management are working through a number of viable options re: financing. Sure, it is unlikely one of these is a bid of 60p+. But it doesn't need to be at the moment.
Get a cash runway of 1-2 years and show the phased approach is possible. That may force interested parties to act.
If we were well managed and had stuck to a single, sensible plan over the last 5 years we'd be a long way north of here. I have no doubt management would consider almost anything at the moment- my contention is that they haven't been inundated with offers, and that's the reason it's going to the wire.
If they had lots of options, those options would have existed for a while and they'd have chosen by now... Follow?
NMM, you’re aiming that at the kind of moron who holds stock long that he thinks is going down 🤪🤪🤪🤪🤪🤪🤪🤪
Never argue with an idiot, they will drag you down to their level then beat you when experience
Just block the khunt
Yes, I 'follow'
An alternative view is the company is going through various options and negotiating the best possible deal.
SH, at last we agree upon something!
Up until SC was appointed and power was wrested away from NM and his band of merry hangers-on, the management and strategy were dreadful. At long last we have a team with a realistic and deliverable plan.(you may not agree with that bit)
That's an alternative view.
Which is more likely the cause of them leaving it this late to make an announcement:
1) they have loads of options
2)they are stuck for options?
Just try a bit of Occam's razor here. You need to tie yourself in knots to try and explain why they'd leave it late and allow the SP to sit so low on finance fears if there were options. Option 2 is the simplest explanation, so it almost certainly reflects the truth. We'll see if someone takes pity on solg... In the absence of charity, it will be dilutive as I've always said, and that won't help our SP one bit.
Nice try add. Clearly the market favoured previous management efforts, which is why the SP has collapsed under the current clowns. Map our MCap against who was in charge. What was the average under NM, DC and SC. Then tell me Scott is doing a good job 🤣
He will likely be long gone when, in late 25 or more likely 26, we finally get an offer.
If option 2 were the case the share price would be far south of here, as it has been in recent weeks. I actually think it this scenario it's much more likely that the company has various financing options available and is therefore happy to let this go down to the wire (as they may well be close to agreeing a deal for an asset or the business as a whole).
Also your desperate "this deal was inked weeks ago" schpiel shows you have absolutely no idea how these things work. As addicknt mentions if Rhinehart or any investor saw the embassy situation as a serious problem, those contracts get torn up before they're signed. They're released to media the day they're signed because it's in literally everyone around the table's benefit to do so.
I also note you attempting to weasel out (already) of your claim that we'd be raising capital at a share price far south of what was then around 6p or 7p. I wonder what volley of bullsh*t you'll treat us to when that doesn't happen.
You seem angry, SM. You okay?
What restrictive covenants and compensation clauses was Rinehart subject to during negotiations? Rather than me being the one having no idea how these things work, if you think lawyers negotiate on the basis that one party can see a deal 'torn up' at the last minute without penalty, you are clueless.
Your wishful thinking around funding is lovely but won't help.
No weaseling here 👍 Just a repeat that the fundraise is going to be a car crash. Which will be a shame for all those who have been hoodwinked into investing at what they have been told are 'bargain' prices.
This has a very long way to go, and the road is not smooth. Sorry 🤷♂️
"What restrictive covenants and compensation clauses was Rinehart subject to during negotiations?"
Hilarious. This is Gina Rinehart we're talking about. She's worth $30bn. If she doesn't want to invest $200m in Ecuador because of a change in the geopolitical landscape, the deal doesn't get done. It's as simple as that.
Sharket….. don’t bother mate
SM,you are beginning to sound like adikt. naive
twiggy lost almost a billion dollars this year when he shut a mine he brought last year. that after being advised not to buy
it's you my friend who is clueless, you are absolutely clueless. $200 million invested, it wouldn't even need a memo.,
she probably doesn't even know,
she personally gets a dollar for every tonne of ore removed from Roy hill.
check how many tonnes they mines last year.
also your and adikt claim that investors are still flocking to Ecuador, after the embassy fiasco, is ridiculous.
one investor who signed up weeks ago, is a bit different to the billions required by solg.
SM. Let me save you looking.
Roy hill paid rinehart. 2.5 billion year end 2022.
You are clearly clueless, as to the wealth of these people.
So please don't wet yourself over her sending the tea money to Ecuador.
And please furnish a link that told you will flock to Ecuador, after the embassy fiasco.
I can furnish many links stating it could have a detrimental effect.
Please note could, not would.
Another worry SM. If your comfort blanket theory is correct, and people can rip up contracts at will.
How will that encourage investment, if as you say any protection contracts signed with the government us worthless. As they can rip it up.
As usual none of your wishfull thinking posts, stand up to scrutiny
Go easy NAL old Buddy, you are shredding dreams here. As a fan of NM, at least when he was in charge the SP wasn't at 5 to 9p forever and a day. A PI could earn an honest crust trading the share. Now what we have is the hotel California situation where we can check out any time we want, but we can never leave😔 All thanks to the buffoon we have for a ceo, the illustrious Scott The Rocks Caldwell😆
SM was telling us last week.
Once we sign the financial protection agreement with the government. The share price will rocket.
Today the clowns telling us, if people don't like legally binding contracts, they can rip them up.
Then he tells us people are queing up to invest in ecuador
Bloody hilarious.
And the embassy debacle tells us of Ecuador's view on the breaking rules.
Hard to ignore the criticism of Scott especially when you take his last two sound bites
1. He'd take 23p (that's not what you want to hear from your CEO)
2. After month and month of a closed period, he buys £5k of shares in open market (that's not the message you want to hear from your CEO... it basically says... it's a buy guys at these levels but don't invest too much as I'm really not sure what the xxck is going to happen. So just beer money... don't bet the house.
I wonder what Mather would have said or Darryl for that matter.
23p? The bloke for be sacked for saying that.