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What a load of waffle. Can't be bothered to unpick some of the issues with what has been posted.
Former GFD? Wow. Worrying.
Luvly jubly guys
Your are dead right
Summut triggered?
Without cash SOLG is vulnerable. It needs both short term liquidity to see it through commercialisation and capex commitments to derisk Cascabel and by extension related assets
I don't believe this is a SXX ala Potash in Yorkshire scenario but should the company be deemed to be insolvent then they're open to threats. Someone will try and steal SOLG's assets and pick them up for next to nowt
Reds the same as the rest of us hoping something is happening in the background
Part 3
Page 235 of PFS3...
And why hasn't it dawned on the market...?
Especially with gold and copper surging...the assumed prices in PFS3 are $3.80 for copper and $1700 for gold
Cascabel alone is now worth $8billion more than PFS3 ($2.32bn copper; $4.9bn gold; $0.8bn silver), in the ground...
But what about P235...?
"SolGold has to date received ten qualifying Expressions of Interest..."
"SolGold has also received material offers of funding in exchange for offtake from a number of traders...."
SOLG has received offtake offers for the first unknown number of years of production that amount to MORE THAN the total CAPEX for Cascabel...
So lets say $1.6 billion...
So if those conditional offers were signed tomorrow, why wouldn't SOLG immediately be worth $1.6 billion, or £1.2billion...
Or 40p/share...?
But the after tax NPV of Cascabel is $3.2 billion so if the mine was fully funded by offtake agreements...and that was at $3.80 copper and $1700 gold...
So why wouldn't SOLG be worth at least $3.2 billion, or £2.46 billion...
Or 82 pence per share...
So when will the market filled with doubters wake up to this simple logic?
Or will it take the announcement of conditional offtake agreements sufficient to fund Cascabel...?
Or will it take the first...and subsequent bids...?
Have a good day...
He’s gone all Martin Luther King.
His leverage must be really hurting…
Part 2
Hannam Partners have just valued SOLG at 63p...they're not stupid...
Ingo was a partner in Hannam before he joined SOLG
After PFS2 there was no point in going ahead with the DFS because the North American markets, primarily Canada, were in effect closed to mining finance, especially for a minnow like SOLG, irrespective of how powerful the story was.
To have raised the CAPEX would have meant massive dilution, either by straight equity or convertibles.
Ingo left SOLG when Darryl was in the process of trashing the company...
So what's changed...?
Novice aka Skint, still underwater, if only she listened to uncle massive at 36p.
:)
Part 1
On 21 February Jiangxi inked an offtake deal with First Quantum for the delivery of 50,000 tonnes of copper for the first three years of the Kansanshi MIne in Zambia.
Average annual production at Alpala in PFS3 is 123,000 tonnes a year.
In simple maths that grosses up to $1.23 billion for a 3 year deal or $1.64 billion for 4 years.
The CAPEX for Alpala is $1.55 billion
It doesn't matter if the assumptions are too simple...its the principle...
And I haven't even taken account of the average annual production of 277,000 ounces of gold...
Current street value $600 million a year...
On 1 March Jiangxi bought 26 million shares in First Quantum for $212 million...
First Quantum has "vast debts" currently $6.42 billion and rising...
1984
He isn’t away with the fairies he’s been out for dinner with BBG and they’ve discussed how to deal,with their upcoming margin calls. So came out with a Disney special.
They were both at it yesterday……looks like the fed don’t want to refinance $12 trn at current rates after all……what a surprise
Last night...
I was checking the share price and it was 10p...then it was 21p..then 43p...
And I thought how has this happened...
It was a FOMO feeding frenzy in SOLG shares...
So I thought..its just a dream...
But how could it happen...?
And then it came to me...
Read on...
At last needy someone who posts the truth and love the barbed nature of your post it adds to the good nature and narrative of this bb. Hope this hits 9 p today otherwise you’re blooming right we are all fooooooked 🤷♂️
RJ. I read with incredulity your daily update on the price of gold.
in 2022. solg sp 37p
today 8p
can't be bothered to collate the rise in gold to the drop in share price
I hope the price of gold doesn't rise to much more. we've only 8p to lose.
we're many years away from production. the price or gold today means. S F A
RK, I'll say one thing, you've got a vivid imagination.
US doing its utmost to sell the story they are doing well, but hiding many facts that they just brush over, gold has to go quite mad soon.
Anyway have a peep at this, see how they hide employment rates, just waffle
https://www.youtube.com/watch?v=IUWnkU9EoIU
Atb
The regional exploration targets are worth next to nothing until we monetise cascabel. Then they’ll be worth something as the precedent has been set ; the original business model I believe ...
Why would anyone put money into exploration at the present time while a tier one is on the shelf ?
Son asset valued at nothing is retained at 20% of a new valuation of £50m for the same thing
Why wouldn’t they just buy into solgold and get all of cascabel and all of the thing that’s worth £50m?
You are away with the fairies. Old timer’s disease setting in?
Dollar dropped like a stone...gold bounced over 3% in 4 hours of trading...more to come...
No vision add...Newco gets £10 million (20% x £50 million) from the sale of 20%...
Inter company loan to the parent, i.e. SOLG, pro tem (because you can't start a drilling program instantly).
£10 million is $13 million...6 months worth of operational cashflow, added to the $10 million SOLG still has left...
Short term cash worries disappear. Share price bounces.
Market value of Green Rock through IPO reappraises the value of SOLG...SP bounces further...
Prospective bidders forced into action...
Final auction closes at £1...job done.
QED
So...gold going bonkers...Copper and silver bounced as well...SOLG set to break 9p tomorrow...?
I suggest you buy level 2 or listen to all of what I said not part of it, you thick twat.
I said the activity was recent as in last few months leading up to the end of feb rebalancing and it’s been absent on large volume days of late
Hasn’t been years it’s been months. It’s got nothing to do with bed and isa which happens at slightly different execution prices owing to the face exactly £x is sold from a trading account and bought immediately (or in the case of ii when I did it, 9 working days) back into an isa
This is blocks of shares of exactly the same volume on both bid and ask, all moving in a coordinated way with identical time stamps during the day. In other words the same none maket maker player is acting as Ax