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Addicknt I agree. I think once the CIPA has been finalised we'll see movement here.
Strong strong signal. I believe the $10m is contributing to cover balance expenses for permits, consultants and land acquisitions.
Major funding announcement not very far away!
Wow...
If they can pull this off, then any super majors on the sidelines will have to make a move.
Looks like Bob's about to force their hands.
The $10m loan can't be coming from Maxit or any insiders as it would need to be RNS'd as a related party loan.
It's moe likley to be coming from someone like Franco if you ask me as it seems to mirror that time when Mather inked the same. But this finance deal looks bigger... much bigger.
I'd guess somewhere near $500m to $1bln level.
It didn't take long after the last loan deal Mather deal before news dropped.
We know Noboa will do everything to get permits sorted so my guess is that is just a ruse and desigend to buy some time while the financial package is sorted. My guess is that the permits are all ready to go but won't be signed until the finance is complete and likely done on same day... as both are linked and if finance didn't follow... then with Permits in place... SOLG would be a sitting duck. So smart move.
In this current market, Bob must be enjoying the attention he will be getting for a Tier1 asset.
Just what are BHP going to do if they lose out on Anglo..... mmm!
It's a loan facility which they can draw down at their own pace...if needed...
Could simply be a Canadian bank...
... meanwhile another strong day for copper in the offering. Bit more patience required here and there must now be some pressure on the bureaucrats to get these permits rubber stamped.
Steady as she goes. C
BBG the 'core'cash burn to 31 December was $600k a month so this 'facility's which we may not need to draw depending on what interested parties do next, will take us to Decenber at least...
Happy days and relief at last...steady rerate starting today...? MSCI boost in the next fortnight...?
If they disclosed the lender, then we would know who the M&A discussions are with.
Next step the Exploitation approval on 6th June, then offers coming in for Cascabel or whole company.
Gl all
You wait all this time to come and say that...?
Frustration?
Nick Mather and DGR are still heavily invested.
Cash position secured until the end of 2024.
Massive offtake deal coming which will put an imputed value on Solgokd way above £270 million...
The n watch the takeover battle.
"Been holding for 6 years. Lesson Learnt"
Agitators in a desperate place this morning 🤣
Not sure about anyone else but this smells of deal nearly done to me ? well this smells of deal nearly done to me, we'll find out what the serious investors believe at 8.00 🤷♀️
55p someday soon !!!
Sjn, I think that would be a pretty remarkable turn of events. DGR need every available penny to keep their business afloat, so I'm not sure they'd be coughing up here.
While the deal is still being finalized, hoping it was the Chinese who have put up the $10 Million?????, is it under a Non-Disclosure agreement??????
Ahaha stackhigh you are really struggling now. Keep trying tho
Just checked, and I said the next fundraise would be a car crash... We've just taken out a load because we couldn't get any short term funding away. Despite the tone in the RNS, companies of our size don't take £10m bridging loans when things are going well.
You're right though add. I genuinely didn't think they would stoop this low. I imagine you're wishing it was a dilutive raise now? Or is your blind faith in the BS Solg put out as strong now as it was 6 years ago? Lol.
DGR could be the source of the funds via further drawdown of their choice facility. Why wouldn't they indicate who has provided the funding and on what terms?
So the $3,2B announcement at PDAC seems to be aligned with this statement also. Management have received a very big commitment to fund Alpala. We now just need the balance permits.
$10m is not much, so they are confident the balance items will be secured imminently.
This is a warning shot to anyone who wants to own 100% of Solgold and Cascabel. Move or miss out.
SP should be walking up to a min $1b market cap after such strong indication and announcement from MGMT
SM/schlem, agreed, but this issue is not unique to Solg.
The MDN&A should be due tomorrow and this announcement appears to be designed to allay any fears which may result from its publication.
Personally, I'm relieved we've got the short term dealt with and Caldwelll is advancing his ambition of presenting the company as a 'turnkey' opportunity.
But no dilution. Never mind.
SM
I thought the same. Who's the lender? You'd think SOLG would've at least detailed that,. which let's face it is pretty important info
Add, do you think that short term loan is a funding solution? I've got a bridge for you... A bridge loan with punishing interest!!! 🤣
SH, I'm sorry, I must have mis-read you when, in numerous posts, you told us our need for short term funding would come at the expense of significant dilution.
I know, AIM. That RMS is the corporate equivalent of 'i have some my homework I've just left it in the kitchen...'
I cautioned against the 'new broom's narrative of Scott and Bob ages ago, but I think this shows they are comfortably worse than DC.
Isn't it relatively standard for companies to state where the loan has been secured from and to give specifics on repayment terms? What interest are we paying etc. Bizarre.
Haha comedy gold.
Also, slug pretending he blocked me because he didn't like me is very funny.
Nothing to do with me calling out his various BS about Thatcher, temperature, averages, his fictional science degree, water-powered cars... The list goes on. Funny chap. Dangerously thick, but funny.
F*** me they've had to take out a loan. This is desperate. Sorry to the LTHs. We have our disagreements but this must hurt. Good for those who have kept their powder dry though.