Firering Strategic Minerals: From explorer to producer. Watch the video here.
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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.
BBG, I thought there had been mention of next year? Or am I thinking of something else?
Incorrect, the ESIA is not 'some way off'.
It was illustrated several times by the company in past releases that the ESIA was very close to being concluded
Fort, yes, that's an alternative possibility and would make sense, although I'm not sure it's true of the Environmental licence, which we've been told is some way off. You're definitely right about Noboa.
Noboa's already been falling over himself to help mining companies. Just look at all the pro mining activity since he's arrived in his position.
I think you'd be far better to assume that all the permits are in place and ready to go but Noboa will not sign them until the financiers/partners have signed with SOLG on deal.
Likely that all will take place at same time ... bit like exchanging contracts.
Remember, the deal signed with Ecuador mining authority and Noboa on Dec 6th (Barrick signed a deal then too) gave SOLG 6 months to activate the exploitation licence. That deadline was June 6th.
Now we here in the MD&A that the deadline has been extended to June 30th. So on that basis, it's fair to say that it's SOLG that is holding things up... not Ecuador Gov.
NAL, simple question. Does it not occur to you that any potential funder would most definitely have been in the data room? How else do you think they'd form an opinion as to whether to invest or not? So it's not an assumption, it is a fact.
Adikt, yet again you've tried to turn your opinion into fact.
your post.
"Tesla, does it not occur to you that those people who had access to the data room are now the people with whom we're in discussions?"
how do you know this,.you and I can assume it. but you take your assumptions to another level.
also adikt you correctly state that licences require further discussion, bearing in mind you and bbg seem to have found common ground on here, posting in support of each other, what's your view on his claim solg already have these agreements
Tesla, does it not occur to you that those people who had access to the data room are now the people with whom we're in discussions?
As for my post being 'rampers supposition', is it really? Do I not point out the cash issue? In fact the heading of the post is about the conundrum that arises.
Add
You were also told last year there were multiple parties in the data room and several were making multiple site visits.
Arectyeybstill all trapped in the data room.
The only thing you know for an absolute fact is they have cash issues, and the only reason you know that is because regulatory wise that has to be disclosed, everything else you post is rampers supposition.
They need cash of course they are going to big up what is going on in the background what choice do they have.
Unfortunately rampers on here take that supposition to a whole new level.
Anyone thinking this facility isn’t anything other than eye watering interest is living in cloud cuckoo land…….
Https://resourcesrisingstars.com.au/cheaper-to-buy-than-build-signals-a-wave-of-mining-ma/
Copper and gold led the way up on a strong Australian stock market this week, but in the background a more interesting event was brewing, a potential sector-wide outbreak of takeover activity as companies recognise that it is has become cheaper to buy than to build.
What we know/have been told.
1) We have sufficient cash for 4/5 months. 2) The board is in detailed negotiations with potential funders of long term facilities. 3) Those facilities will be subject to various licences/permits which are dependent upon government approval.
So let's assume we agree the funding within the short term, but the licences aren't concluded and require more discussion with the government. Assuming the funding will not be available for drawdown until the licences are agreed, we'll need more working capital.
We know the company, if possible, want to avoid issuing more equity and we really don't want to load up the balance sheet with more debt, so what options exist?
Personally, I think this is where the SR kicks in. We'll sell assets to provide the working capital to take us through until all licences have been signed-off. Of course the other alternative is that Tuesday's announcement was a smoke-screen and we're close to selling either all, or part of Cascabel. Take your pick!
We've waited a long time for this to unfold and we're getting very close to a conclusion.
Front page briefing in the Financial Times today - US copper is at a record premium over London’s global benchmark as funds wade in and traders are forced to cover short bets on the worlds most crucial industrial metal.
Which by TMX standards is simply HUGE! Normal volume is in the thousands or tens of thousands so 1.5m is quite remarkable and is surely an indication of impending major news!
Understand tick size
It’s that simple
That's 6% down on a good volume in TMX.