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Trojan,
Host is a jabbering twit, fella is confirming what we all know, still nice to have it aired, won’t be long now for us holders
Atb
SH, I think you'll find that my reaction to the loan is pretty much neutral. It was necessary, didn't involve any dilution, despite the fact you said it would, and the market has reacted with a shrug of the shoulders. That's all there is too it, and no matter how much you claim it's been disastrous, the facts simply don't back you up.
The real question is, why are you trying to make so much out of what has effectively been a non-event? Your two fellow travellers made absolute fools of themselves this morning - again - surely you don't wish to emulate them?
Well SH that was easy enough on a sunny Friday afternoon 😂
Stack .
Risk Vs reward.
Always good to keep a bit of dry powder, on standby.
Hopefully the fireworks start soon, but the open price on news. Might see you locked out. . GL
Thanks for the warning 1984! Good to see you know yourself well. So kind of you!
Oh I'm mostly out, cash. Just a small hedge.
Have been very clear about this. I'll buy back in when funding concerns are cleared up. Seems others in the market take a similar view, hence the share price.
What more evidence than the last couple of days trading do you need to see that the RNS was poorly received, add? Do you need me to explain what market faith in Solg would look like? Come on- don't be disingenuous. I know you want to believe the loan is good news but the market disagrees, and the market sets the price. Optimistic LTHs do not.
Novice, you're a simpleton. You're adorable, but you're a simpleton. Your sex matters not- you're like a puppy seeking approval, and you've not said anything intelligent in thousands of posts.
Who are these other shareholders you keep talking about, SH? Have you been paying any attention whatsoever to the volumes since Tuesday? Have you noticed that there hasn't been a sell-off? If you are going to make these statements it would be helpful if they were supported by the facts.
I'm a woman SH, so that explains your misogynistic outlook you daft bog brush
Stackhigh
Are you on repeat..
You asked the same question the other day.
If you and anyone else isn't happy with SOLG shares , sell up.
It's that simple..
Why give yourself so much upset and spent time, if the company is such a failure.
RNS has not caused a flurry of buying? Do LTHs here believe they know something other investors don't, or is it the other way round? Are those who are too deep in just blinded by confirmation bias?
Add responded to the above by claiming the SP hadn't moved, but it is currently down. Why do LTHs think the market lacks faith in this announcement? Why does the wider market seem to agree that it's better to wait until fundraising is sorted?
Also, thanks to slug for continuing to cheerlead for my posts. Others would be creeped out by his obsession but I think it's kind of cute. Just wish he wasn't a broke incel basement dweller with a chip on his shoulder about every race, gender and sexuality...
Hello Red.
As you have surmised the uncertainty surrounds references to :
... a 'significant' portion of the estimated 'initial' capital development costs of the Project - my italics - how much is 'significant'? This means they have not got all the funding arranged or even close to it? Is that significant portion conditional on SG raising the balance to get to first base? What does 'initial' refer to? What happens after that?
The £10m loan is effectively emergency funding and is apparently sufficient for the next 'few' months, whoopee. To me that means 3-4 months? I am a LTH, so I am sticking with as I am well down, but can't wait for this to be over now.
Can somebody explain to those of us who are perplexed, how...
The UT at 8.05 was at 9.39p up 6% and then AT trades have walked it down as low as 8.66, down more than 2%...?
I know that in the MD&A they stated they have been working on:
""robust, longer-term financing package for the Cascabel Project ("Project"). This proposed Financing ("Financing") is projected to cover a significant portion of the estimated initial capital development costs of the Project..."
But thats too vague.
What we need is a RNS that says up front:
"We have been working on offtake (or even longer term non-dilutive, non-equity) funding since the publication of the PFS and the ten EOIs. We are now in dialogue with one provider (or even say one or two) and expect to conclude this soon. The main reason for the delay is that we have been able to improve the prospective terms if this funding significantly since the start of negotiations, primarily due to the higher copper and gold prices.
In the meantime we have arranged a $10 million Loan Facility to secure our medium term cash resources until the longer term funding is concluded. Depending on how soon that is, we may not need to draw on that Facility at all."
STACK them high , sell them low.
You are are getting grumpy again, maybe it's time for the afternoon nap!?
Sweet dreams of SOLG
Twat alert
Cute that you're getting involved, novice, and that the other children let you play despite your obvious issues. Good boy, we're all very proud of you 👏👍
£1.50 Buyout
David85...you're not loganair are you...dismally wrong...
Made me laugh too! Maybe the artist was hoping she’d hate it so much that she’d pay a lot of money to buy and destroy it
Morning Solgers.
Anyone, got that Friday feeling...
Morning Solgers.
Anyone, got that Friday feeling...
Dunno why this made me laugh - Gina Rinehart going down like a sack of proverbial sh*te in Australia. That painting has a real likeness: https://www.bbc.co.uk/news/articles/cz74ed6yk9lo
The Chinese are very active in Ecuador and already have producing and exporting mines. They know their way around Ecuador, mining staff and every bit of red tap.
So if they need more time before stumping up the cash, then it's more likely to be around finalisation deals on land purchases, export routes and so on. All the stuff that's important to get inked before you commit to building a ine. If you do it the other way around... it can cost more and you become hostage to very folk holding out for more money as they know you need what they have etc.
All involved might also be waiting to see what happens with Anglo and BHP come May 22nd. That potential deal already has the copper market and miners in a complete spin. It's tantamount to the beginnings of a cartel at a time when the world needs copper more than ever before. It means copper assets are going to be more and more valuable and in demand going forwards.
If the chinese are involved... we know they take their time. But same could be said of Franco. They agreed $150m facility in May 2020 and that 'officially' completed and became available in Sept 2020.
So the period of announcing a finance package and actually getting one can be months. Hence... the $10m might well be to cover that period of dotting the i's and crossing the t's.
My only other speculative mining stock is KOD and what has gone on there is similar to the situation we find ourselves in.
The company sold 51% of their project to the Chinese, but the deal had a number of critical conditions precedent which involved the government in Mali. After waiting some time for the various steps required to complete the deal, the Chinese waived the conditions precedent and went ahead anyway. Kodal had to provide $100m indemnity to make this happen, which is extremely unusual and demonstrates how certain Chinese entities are prepared to take on significant risk. Gangfeng did something similar with BCN and which ultimately backfired on them.