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Solgold strategy becoming clearer now.
1. Discover a tier one asset
2. Use it as collateral to borrow money to pay massive salaries and bonuses for as long as we can get away with it
3. Flog it cheap
Looks like a deal is imminent to get this tier 1 project kicked started and, on the way, imo
This proposed Financing ("Financing") is projected to cover a significant portion of the estimated initial capital development costs of the Project, highlighting its position as a Tier 1 asset and a premier investment opportunity.
The $10million is probably a sweetener from the interested party??? now will BHP and Co be in the know who the interested party, or parties are????, maybe a wakeup call for them?
I have never seen a company, like SOLG, have the ability to kick the can down the road so many times.
It really is unbelievable……..
The rns tells investors absolutely nothing they didn’t already know except they can keep the lights on for an extra few months.
I feel sorry for poor old BYRONRAMPERBAYGOLD he only has 98 days for the sp to rise 111p 🤡🤣🤣🤣🤣
And don't forget, needalife is the BB/solg hater.
WTF do you think they would say.
Needy. Oh dear needy , you really are a clown
Adikt. You can spin it how you like.
It alters nothing.
Before the rns, we were up s""t creek.
And it's by no means certain, this rns will get us out.
The money markets don't see it as Boom.
You need to start ignoring bbg, and look at the factd
The environmental permit can't be issued until the tailings/ waste plans have been finalised. These must be very close now if not already completed. SOLG really should RNS any developments on the Tailings as it's important info.
We know that Bob and the CGP boys are not going down the equity dilution route, so this would appear to be all asset backed finance which means it takes alot longer as due diligence needs to be done across the entire asset.
As for the loan.... seriously guys... with Mr Liu's contacts and close ties with chinese... do we really need to wonder where the loan is coming from?? The fact that SOLG can't disclose it or won't disclose it suggests it's clearly going to 'out' the financier or one of them and the silence of late has all been designed to keep things confidential.
Bob will prob announce a non dlutive $500m cash raise and this market will price us down to 5p lol! Madness. Never seen a market so lazy and sloppy as it is now. Wood Group under attack. Anglo under attack... US dollar well under attack... risk assets should be surging and guess what... we are in an election year... so just about everything should be surging as the politicians work their magic to make us all feel everythings just fine lol!
Max. Ofcourse there's a mute reaction.
We've just borrowed 10 million, if the financing deal doesn't go through, as solg themselves said, it's not certain.
Ask novice where he thinks that will leave solg.
Ignore the hysteria, we've had it for 8 years
Orthern, I understand the cynicism, but there's something to bear in mind.
When a company prepares an RNS it has to be verified by the nomad - provided he's doing his job properly. In this instance they should have asked to see documentation to support the assertions made by the company. The company cannot make demonstrably false statements without risking criminal prosecution should things turn out badly.
I know there are many examples of AIM companies not doing this and there are some on the main market, but as small investors we rely on this process - in fact we have little else to gain comfort from. Verification is essential to the honest operation of the market.
I'm not sure what to make of today's news to be honest. Seems to be more of a holding RNS, doesn't expand on what we already knew from the Canadian conference.
Mute reaction so far.....hardly moving which is strange 🤔......
Oh well good enough for me to buy my trading pot back +some extra......
Fully expecting much stronger positive uptrend to kick in very soon.
GLA.
And don't forget, stack house is the cfo.
WTF do you think he would say.
Novice. Oh dear Novice, you really are a clown
Exactly, they haven't shared terms of the $10m funding because these details will become quickly obsolete when the large funding package arrives.
My guess is that:
1- we have concluded the ESIA
2- $10m covers any balance consultants fees and land acquisitions regarding the Right of way/land purchases for tailings site and concentrate pipeline.
3- next step is signing of IPA - within next two weeks.
4- release of project funding news after IPA executed
items 1-4 all to be achieved within next four weeks
Todays announcement also reminds the guys like BHP and Anglo that we could be an interesting piece of the puzzle for their global copper consolidation strategies, however the door is slowly closing
Novice, do t get smug to soon. We've had many many damp squib rns. Wait till tomorrow. not sure if you were with us many years ago, when we were told 12 majors were sniffing round. Or more recently the interest from the data room, or the French translater.
And I've lost count of how many times we're in discussions with serious players.
No mate come Monday when the boards hysteria wains and reality sinks in, and we're back to 8p.
And even adikt back tracks, tell me then, what an Excellant rns it was.
And tell bbg, I've read on here about 5 times, his hysterical Boom.
Wait till Monday. Then not boom..... Gloom
Looks like AAL are taking the SOLG approach with their latest RNS this morning... I wonder where BHP could pivot should they lose interest 🤔
RedKight’s wife is the loan provider but it can’t be announced yet as RedKight hasn’t told her yet! 🤩
That said glad there is finally some concrete news to discuss and hopefully this will bring developments to a head over the coming months.
$10 million on a whim, or just to keep the lights on as one put it, this is serious money for a serious project,
if its the chinese party, then were on to something Huge!!!, imo
I have waited a very long time for todays confirmation. We are almost there
Add, I take it with a good dose of, we have heard about discussions with interested parties and data rooms for the last 2-3 years…
This is a loan to keep the lights on while they continue to try to get somewhere.
Well done holders, that’s getting us even closer now to tier1, this could be a huge beast in the making now
Hey Needy, this paragraph should sway you...
Chris Stackhouse, CFO of SolGold, commented, "These developments are significant for SolGold as we continue to establish the financial foundations necessary for the next phases of the Cascabel Project. The strong interest from potential financiers not only validates the Project's exceptional prospects but also strengthens our capability to achieve planned milestones."
In the bag, were fully funded to get the next stage completed, what will the price of gold and copper be then????,
strong hold ATM , there's plenty that can happen during the next period,
Orthern, I suppose that depends upon how much weight you attribute to the statements that 'substantial progress' has been made and that 'detailed discussions' are ongoing.
Of course, you may conclude that this is simply flim-flam, or you may view this as a very positive indication that the company is heading towards a very significant development. Take your pick.
Correct Needy, I think most here can read a couple of paragraphs without getting bored unless you are a Gen Z'er and have the attention span of a goldfish, if that's your real personal view I know what I would do... then we wouldn't have to suffer your daily parroting, and yes we all get that you are unhappy with SOLGOLD and you may be right, this could all collapse in 6 months but I'm prepared to take the risk, are you ? 🤷♀️
Boom
Northen. Yes carry on as we were. Therein lays the problem
Carry on as before.
Nothings changed