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regardless of who said what, surely our overall feeling this morning should be one of relief?
We now have the headroom and breathing space to complete the strategic review from a position of strength and the board can ensure they deliver on their promise to create shareholder value. As Twigger said in the release "Solgold can now devote its complete attention to the Strategic Review which is now underway to maximize shareholder value". I'm pretty clear in my own mind as to what that means.
I think maybe it's time to start speculation on the strategic review and what that means.
I will start.
I believe the strategic review is not just about Alpala, but all of Solgolds concessions.
It will be about how we go forward.
Surely there cannot be any doubt now that production is now a path to extract max volume. As we are about to clear the last hurdle.
Once the DFS is completed we can raise the finance.
This doesn't mean dilution as DC said recently, once we get to DFS various funding options open up for us.
Q, interesting that Twigger didn't mention the DFS and merely referred to the Strategic Review, isn't it?
Btw, I don't disagree with with you that production is a path to extract value, it's just not the path we will follow.
Addicknt as I have said all along you may be correct.
But as I have always said we shouldn't concentrate on what hasn't been said, we should concentrate on what has been said.
Indeed in the not so distant past we said we are raising money to go to DFS.
After all the 50 million is ring fenced for Alpala.
Surely it's for the DFS, what else are we we going to spend it on .
An announcement to begin some exploration drilling off the back of this funding would go down very nicely… one of the promising untouched license blocks would be nice.
But we will probably have to wait for the sale of cgp shares. I think we can expect some positive movement this week…. It’s been waaaay too long
We can't do that Ortherncopper it's ring fenced for Alpala.
If I remember correctly, Irwin and CGP were pretty scathing in their assessment of the original Franco royalty scheme to fund Solg.
Q, again I agree that seems to have been the plan, but do you not agree that's it's interesting that Twigger didn't mention it in the RNS? Was it deliberate, or was it an oversight? I suppose it could be argued that moving to the DFS is value creating and he felt he didn't need to mention it again, but personally I think it's odd he didn't reference it.
By the way, the review process it self will be costing a good deal of cash and bear in mind we also need money for general working capital purposes.
21p open?
Then a steady squeeze upwards...
It's important now that the 6.7% stake is sold now and not simply redeemed post merger...
Orthen correct - although this looks like it is a bunch of Sanghas mates!
I do believe we continue to DFS, as you say it is creating value.
But more importantly it is Solgolds announced intention.
It is plan A.
Remember plan A is the preferred plan otherwise it wouldn't be called plan A.
The reference that Plan A begets plan B is only there should a bid come in that is worth looking at.
Quady, Plan A is now to launch a strategic review of the business to unlock value for all shareholders. It is no longer press ahead to production.
Even the words "going into production" is kryptonite to the share price.
sean, agreed and it's astonishing our board has taken so long to realise the fact.
I'm over the moon that no dilution seems to be involved for once. But 50 million isn't going to last long with 800 peopel twiddling their thumbs when they need to be paid, fed and watered. I also have a sneaky feeling that this financing wouldn't have looked too good in better financial times.
I'm pinning my hopes on Irwin and the CGP boys being hungry enough and pushy enough to still get things going re. a sale as soon as they get near the driving seat. Otherwise we are out of danger this morning but still adrift, becalmed and rudderless for however long this cash lasts.
Talk of "net smelter returns" is crazy and will only keep our resident loons from taking their medication...
SharketMare we don't know what the strategic review will throw up.
Plan A is still production until Solgold say it has changed course.
Good morning SOLGers,
Today news although not a mouth watering is certainly very positive to shore our depleting kity for the near term and give us much needed time to sort out the longer term financial situation (until we get the big boys finally take us more seriously......)
Onwards and upwards guys.
:)
Quady, let's just hope our board aren't foolish enough to expend time and resource simply to turn around in a few months and press ahead with what they were already planning to do. That would be rather stupid.