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Following this MD&A do you feel 1) more confident 2) less confident 3) your opinion is unchanged?
Do you feel the new team is more ,or less open?
Do you feel it has provided more, or less clarity?
This was their first opportunity to explain themselves and I'm trying to work out whether they've done so clearly. My gut feel is that it revealed a bit more than normal, but we will continue to be largely in the dark until the SR emerges (btw, I couldn't find any repeated reference to the end June deadline previously mentioned)
Incidentally, I was amused to read the description of employees as having been 'severed'. Obviously, not amused that they lost their jobs, but by the brutal use of the word. No gentle touchy-feely UK HR boll***s.
Add, unchanged. Also agree with your early post RE spin off of assets excl. Cascabel into NewCo.
Surprised that we paid Maxit around $5m from July '22 - March '23. Does that seem right to you given your corporate finance background?
SM, sadly, yes. Total fees of $15m for the merger. These things don't come cheap
I wonder if Citi are still on the case and how much their monthly retainer is?
3
Less open and less clarity.
3 ....
Good morning again bubble.
I have finished reading.
I can see why addicknt has taken his view.
But I think it is clear by now for everyone that has read it.
That the strategic review is key.
All the people on here that said the strategic review would never happen have been yet again been shown to be talking nonsense.
Looks like we are going to reduce the costs to get Alpala to production.
Now as we proceed, someone may want to make an offer, but that has always been the case.
So as I see it, very little has changed, apart from we advance Cascabel.
I notice we did not spend a cent on further exploration on Cascabel (which I believe covers Tandy) in Jan-March this year. We have spent $283.5m since 2013. The IPA, which we are renegotiating, required us to spend $430m by the end of 2023 on Cascabel exploration, so we are $146.5m short. Any potential buyer will want this issue sorted by SOLG prior to any takeover, and the company expects this to be done by year end.
I think a big dollop of patience is required here unfortunately.
To clarify the below, we did drill at Tandy (2,558m) and Moran (437m) but it looks like that expenditure was booked in the period ending Dec '22.
Would be interested to see the breakdown of Keith Pollocks and Ryan Wilson's salaries. The two combined come to $418,040. Caldwell is paid $95,513.
For comparison, last year it was reported that the combined salaries of Dennis Wilkins (Company Secretary), Benn Whistler (Technical Services Manager), Chris Connell (Regional Exploration Manager, resigned January 2022), Peter Holmes (Director of Studies), Ingo Hofmaier (Interim Chief Financial Officer), Lisa Park (Metallurgy Manager), and Tania Cashman (Chief People Officer) came to just $371,475, which seems almost implausibly low?!
Quady ,yes that's right advance in other words get it ready to be sold imho then concentrate on other tenaments ,bear in mind the license is fast approaching expenditure consequently that's why they quote this ,so only a matter of time imho before it's sold ,for how much I wouldn't know tbh as value in ground has changed
If we are not spending anything on Exploration, it definitely illustrates something is happening with discussions/negotiations
3. nothing has changed.
The team is less open.. and the team are as clear as mud.
and chances of a quick sale are diminishing... its looking more like the Bozi solution of spin out... or plead with someone to do a JV.
Our financial and exploration commitments as well as deadlines across our tenements remain.. Yet we are mothballed until the SR is completed. (I can not see it being completed by July)
As has already been said, there is no exploration happening, regional or Cascabel... we have enough cash, to last us to next summer, as long as we do nothing..... nothing at all..
How did the promising exploration company I invested in, with what was then, just an exciting, potential tier one find, end up in this position??
Any interested parties know they have us over a barrel in any negotiations.. Many and me, have said in the past BHP seem to have lost all interest in Cascabel..... but maybe they are simply hoping to pick up the tenement from the Ecuador government themselves if Solgold can not meet the decision to mine deadline.. as set out in the tenement contract.
This is all very concerning.. whatever direction is announced post SR, the big bonanza payout we had all hoped for years ago seems to have evaporated.
Bubble may get 32p instead of £1.32
Byron bay. add IDIOT TO FANTASIST
Orthencopper maybe bit more
Not been on for a while- was filling my brain with nonsense so took a break.
I have a separate question? Do those who were steadfast in their belief that a bid was imminent earlier in the year now accept that it won't be any time soon, and we will most-likely see out 2023 as Solg? Also, quick flick back shows me rampers we're frothing over the FTA between Ecuador and China... Is solg selling a lot of fruit and vegetables?! Classic rampers' reason to explain away the lack of action. "If you just wait a few more days/weeks/months until X, the reward will be massive"
Bubble which license are you on about expiring.
Cascabel licence
Market not happy with news today
Although are we surprised all these A Trades
Bubble we don't have a license for Cascabel, we have different licences that are for different aspects of developing Cascabel.
Which one are you referring to please.
Am I not correct in saying that there is one licence to explore the cascabel area which runs out next year ?or is it end of this year ?am sure it isn't a license for all tenaments but correct me uf am wrong Quady
Bubble, the reason the markets are not happy with todays report, is because they don't realise solg have a mega discovery, smickster told us so today, also bbg has again told us a sale is imminent. Even blind freddy knows the Chinese are buying us out on Thursday. Also mate, as you say, price of copper is up. Why oh why, can't the markets see what everyone else can. The only conclusion I can think of, is it's the imposters, infesters and Blackrock stooges on here, influencing the money markets. Blinding them of what we have. Don't worry, keep the faith, our day is just round the corner, just ask anyone on here
I don't know bubble.
But once we get the exploitation license, the one to construct Alpala. A new date is set.
I've got a feeling we going to see more news shortly ,not sure if this share price has been held in this range for a reason imho
Bubble, you can to the list that the rat is on here daily talking this down..... biggest indicator yet.
Gl bubble keep the faith £1.32 all the way.