Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
.. incrementally kills the eventual possible reward. Turning into a confetti share company.
Only 30M new as 155m from cgp is that correct?
About- 16.83p
The rampers have done it again...
Some will still say that a sale is imminent......lol.
What will it take lads????
Okay we have 50 million for the 0.6% of Cascabel royalty deal.
Is this latest 36 million dollars for the purchase of CGP'S Solgold shares.
Or is it separate.
At first glance it looks like its separate.
The book just became even more diverse.
If its the original CGP shares then BHP'S and NCM'S dilution is penciled in.
If not they just got diluted further.
That is how you annoy the 2 big bullies. Now get to table, sit down and start negotiating.
Correct senderos. Shots fired with this line from the RNS:
They are a highly accomplished mining company and more importantly, 100% aligned with SolGold in ensuring all stakeholders are treated respectfully and fairly.
This is not the CGP shares.
As RNS says issue of shares.
BHP and NCM just got diluted further.
Quady the RNS states:
Jiangxi has agreed to purchase 155,000,000 of the Investment Shares. The Investment Shares are expected to raise gross proceeds of US$36,000,000.
155M is the same number from CGP. Is the "investment shares" something different? Total number of shares is 180M?
I thought you read everything the company says?
I do but read it quickly.
Thanks for the correction.
Does that mean we now get a loan of 36 million as opposed to 30 million.
Quady how much does it cost to build a mine at cascabel?
On last PFS with the cut down area.
From memory it was around 2.5 billion dollars.
If you think theses loan facilities are enough you really need to dyor ,this is going one way imho
Ok so what's the money for ?,keep lights on?
Bubble for many decades I have watched oil and gas discoveries financed.
Guess what they require many multiples of the market capitalisation to fund them.
However when you have a proven up good resource.
It's not a problem.
With a JV partner it makes it even easier.
Not sure you understand how the finance side works.
We get many on here that state it cannot be done.
Let's wait and see.
sire_frugalman, correct forgot the 155m (wasn't 157m??) shares were held by CGP so there is no NEW share issue or dilution apart from the 25m shares which they seem to have from elsewhere to make up the 180m.
I guess Maxit pocket the other 2.1m shares as their fee lol! But they have gone someone where???
Perhaps the answer to the question of the shares is the description of them as being "Investment shares". A normal placing would simply describe them as new ordinary shares or placing shares.
The RNS needed a definition of Investment shares. But if they are the CGP shares, I'm still mystified as to why we've announced it first. We can always rely on our board to sow confusion!
So where has the 25 million slice of shares gone ?
The announcement reads Issue of Shares, not Transfer.
The really good news is that we're now fully cashed-up and any talk of fire-sales can be consigned to the bin.
Cashed up …… with no future plans other than crossed fingers for a bid?
So all this apparent fundraising will convince naive shareholders and the Ecuadorian government that we have the cash to complete DFS...
The even better news is that we wont need any of it once the bidding starts, but $3_ million is enough to get us to the final bid...
Northern this is all geared towards a bidding war...fear not...one morning you'll wake up and see the SP has spiked...
$36 million sorry