Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Morning all...i'm not member of twitter but can see part of a Warren Irwin tweet ...is there anyone that can have a read.
Pinot
:0)
You can read twitter from a site like nitter.it
Here you go pinot:
Warren Irwin
@bigdude6669
·
5h
@Cornerstone_CGP
@SolGold_plc
First Step - Friendly Merger with Cornerstone - COMPLETE, Second Step - Raise US$50,000 in non-dilutive financing - COMPLETE, Third Step - Realize full value for SolGold Shareholders - IN PROGRESS. Impressive positive progress for SolGold, congrats!
Much appreciated seahunter Thank you
Pinot
:o)
And I agree with him 100% - that third step is everything now and it's going to take the right kind of drive and energy to deliver it.
We need to get our finger out our backside now and get a sale arranged.
so the franco deal with NM at the helm was seen to be the worst
yet now we're all delighted including those canadian guttter snipes irwin et al
funny how it suits when it suits.....................unbelievable!
lets hear what NCM & BHP have to say shall we
cant see them being too pleased based on their previous comments..........
BrokeNovice depends who you are serving. If you think we are all here to serve BHP/NC you think this is a bad deal. If you think the company should be doing the right thing and contemplate a sale and put the company on a sound place then you think this is a good deal.
Beggars can't be choosers.
Have a word with those that reduced us to beggars over these past 5 years...
And don't forget they're beinbg diluted down to just over 10% BNC...right royally p*ssed off I would guess...
Correction...18.74p was the highest price paid...
When we break 19p its a big chart point...
BNC, hi
I don't think we are suppose to please the like of BHP,or NCM.....we are hopefully doing what is right for us to make them/tempt them to make a move......so far they are not in a particular rush to do that, it's like a chess game in the longer run.
ATB.
The NSR values Cascabel at 55p/share...
Sacrificing future revenue/value in order to keep the lights on.
Of course, you just can't get any work done in the dark.....:)
What else can you do when you have no revenue????.....
Sell part or all the assets is probably better option but you will only achieve that for a decent value when you hold strong hand.....
I don't think so; the share is only 0.6% of the Ecuador prospect. This shows the confidence Ossiko have in the prospect, and they want a bite of the spoil.
I see this as a great investment, and read carefully; there's a buy-back clause. Let's hope this takes us into the 25p range again in the next week or so!
Anybody think we may hear some more news regarding matsui?
Bubble, Mitsui not Matsui. Two different companies.
Addicknt apols my typo auto correct :(
Although my initial reaction to this morning’s news is positive… the more cynical side of me does think if our share price had not been driven in to the ground, by the actions of (or lack of actions) by our board, we would not have given away another slice of future value…
The news is more a relief we now have funds, and an ability to continue towards the Cascabel DFS, rather than happiness that management have chosen the ideal option from any position of strength. A royalty deal was probably the only way forward given printing hundreds of millions of new shares just before an AGM would have been suicide for the board.
So although I’m not exactly overjoyed with another streaming deal… it does give us stability, in the run up to any monetisation event that comes from the strategic review. Hopefully providing a satisfying exit point from a share I have grown incredibly weary of holding, and I’m sure I’m not the only one….
Moving now. Big thanks to novicehunter. Forgot i had these in my bottom drawer from years back. Bagged without even knowing
Thanking the lowest level investor.
Hilarious
hi max
couldnt agree more matey
however when NM did the deal with franco for similar funding arrangements the world and his wife jumped all over NM for doing such a stupid deal..........
slated by NCM BHP CGP and anyone and everyone who wanted to sl-ag him off
move on a couple of years and we have the same/similar deal..........and it's welcomed by those that previously sla-gg-ed off such a deal................... turncoats n bill shutters all of em!!!
cant see NCM nor BHP welcoming this latest news...............
but I'm with you max - fk em!!!
bn.c
This deal is slightly different in so much that it's $50m and not $100m. I can't argue with your views on CGP re the last royalty deal but in terms of being a poor deal that's where it ends. Apart from NCM and BHP throwing toys out of the pram, just about everyone else was overjoyed with the $100m and lack of equity dilution. Today, Mather and team have delivered another great royalty deal at a time when capital raises are tough. Just look at GGP deal with Wyloo. Not a good deal at all when you compare it to what SOLG have achieved. That's $150m raised by SOLG without any equity dilution and a minor drop in royalty income on the asset as a whole.
BNC... I hear you... but there is a price for those 20%+ CGP votes (post merger) at the AGM. Had CGP sided with NCM and BHP this time around, I think the AGM would have been ugly for us smaller shareholders. Instead, we now look much much stronger, fully funded and BHP and NCM can't do squat. That's taking the company back into our CONTROL.
It's terrific news and anyone that thinks equity dilution is better than a royalty deal needs their head checking... Orthernkeeper... what are you on??? Shareholders crying out for monetisation and SOLG delivers again.
I'm over the moon and looking forward to see what BHP do next. The AGM disruption ploy is a no go now. They have one option left... make a bid, or discuss a ENSA deal or just watch from the sidelines and see the royalties/streamers gaining more and more chunks.
Now, what about Mitsui?? Are they lined up next in 6 months time?
"Just look at GGP deal with Wyloo. Not a good deal at all when you compare it to what SOLG have achieved. That's $150m raised by SOLG without any equity dilution and a minor drop in royalty income on the asset as a whole."
Apples and oranges, but still a silly comment nonetheless. What's your schtick with GGP? A few weeks ago you told us all you bought in, did you take 10% and sell out? GGP was massively overvalued and in a highly precarious position. Having given away 70% of Hav as part of the JV, it would have been crazy for them to start selling off the profits from their remaining 30%. Instead they secured funding to production (2024 vs 2029+) and secured 3 superstars on their BOD.
My money feels a lot safer there than it does here. Though the upside here is much higher.
Today's deal is a decent enough for result for SOLG, and yes I hold my hands up and admit I called it wrong, as I took Darryl at face when he stated that royalty deals were off the table until we got to DFS (a timely reminder that anything this company says is all one big game of smoke and mirrors). I wonder whether he wanted to sow up the deal with CGP (and in return a few more votes at the AGM) before announcing funding that is invariably going to irk BHP and NCM. Interesting to see how they both play it during the run up this year.