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Living live to the full Q
Yorkshire tea and a bourbon?
Darren reference your earlier post. Whilst I think you are correct I think its important to note the following. SOLG had a six month window to change the Phase state of Cascabel from an Exploration Phase to an Exploitation Phase and I believe this is what has been eluded to from your contact. This is not the same as the Exploitation Agreement being signed off by the Minister for Mining and the Government, which I believe we're looking at the end of Q2. Just my take on things.
My money’s on Camomile & a fairy cake
HFH
When I asked Scott about the exploitation agreement he said by end of Q2 but hinted could be much earlier
How about a J/V for Cascabel where the 51% partner gets first dibs all the ore in return for funding the whole of the upfront CAPEX
The Phase 2 CAPEX is funded from revenues...
Interesting alternative to a full bid but...if it was announced as a proposal I believe it would trigger bids anyhow...
"Monetise the asset"
Why accept 51% when you could have 100%...
Meanwhile the "non dilutive, non equity funding" could drop any minute...
Then watch the SP go...its the only worry left now for those who don't get the full picture...
“Those who don’t get the full picture”
Did he actually post that with a straight face?!
They also said on P235 of the PFS3 that they had EoIs totalling more than the initial CAPEX for Alpala...i.e. $1.6 billion....
As my very good friend has pointed out to me...
Scott DOESN'T need to be in a 'closed period' for "non dilutive, non equity funding"...so their must be something else brewing i.e. 'monetising the asset'...lesser project sale; JV; SOLG bid; W.H.Y.
RK, particularly as he's publicly stated this process is ongoing i.e it's not considered price sensitive.
This is already a Gold play...especially if you take in Porvenir, Blanca Nieves, Rio Amarillo, and $70 billion in Cascabel...
And for many who don't know the story I still think the name SolGOLD is a big reason for the correlation to GOEX, GDX, GDXJ as well as COPEX, which just set a new 2 year high...
The gold miners only have 9 years ore left...as well as Bristow saying they are looking at 'copper/gold' plays; Scott has made clear that the gold can be produced at the same time as the copper at no additional cost AND...where you find copper you often find gold...
Let alone the silver we have at Alpala which produces a globally low AISC of c$1/lb for copper...
Jesus what a fwit red is. He’s not in a closed period, that is 30 or 60 days before results are published to market
This clot claims to have been on boards in ftse100 companies and he hasn’t the first clue….
Slug I think you better listen to the video that Eloro just posted.
Scott says we are in a closed period and he will be buying more stock when it's over.
So surprise surprise you're wrong again.
Which means you have successfully maintained your 100% record on being wrong on literally everything in life.
Also Scott couldn't be clearer, yes if we got a serious bid it would be put to shareholders, but we continue to de-risk and go to production.
The one point that really stuck out for me was a Partner, as in it will be more than one partner or a JV when we build.
Thank you Eloro.
Q, I take it you heard the bit where he states he isn't in the process of raising project finance?
There's no doubt it's all about de-risking, but I'd argue production by us is not the focus of attention.
I did watch it. He says closed period then immediately corrects himself “or blackout period”
Watch it again if you don’t believe me then you can apologise
Addicknt he made it clear we are not looking at finances immediately, as this is part of de-risking.
He also mentioned raising finances with our current stakeholders or a JV.
In any case, 'project finance' raising wouldn't come before the DFS which he says will be in 2025...
But that doesn't prevent you announcing offtake offers, which you don't have to take up...
E,g, SXX announced that they had conditionally sold their entire annual production of polyhalite...at terms to agreed at the time of production...
P235 of PFS3 informally indicated they had 10 EOIs for more than $1.6 billion in total.
With the permission of any formal offeror, they could announce any or all of those offers without ever having to take them up...
Then people like Quady would jump all over the implication that they had fully funded the Phase 1 CAPEX...
Think what that would do to the SP...?