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Let's hope so Quady, ridiculous loss of innocent lives on both sides.
For those who still think talking of a bidding war is ramping, ask yourself this simple question...
Why would the biggest copper company in China...essentially owned by the Chinese government, who have just done a groundbreaking deal with Ecuador...buy a measly 6% stake in a company whose most advanced asset wint be producing ore before 2029...?
Their investment cost $36 million, which is peanuts for them...
It can ONLY be a precursor to a bid(s)...and remember they know the company because they already had a toehold through Valuestone...
Simples...
https://knoema.com/kyaewad/us-inflation-forecast-2022-2023-and-long-term-to-2030-data-and-charts
If inflation is going to fall back to 3% in 6 months time, that must mean the Ukraine war will be over in 3 months.
Highflyigman,well done on adding further ,indeed our time is coming very soon imho ,enjoy your weekend ,how refreshing to see a well balanced honest post all about solgold
"... "Inflation is expected to fall back to 3% levels in next 6 months or so"..."
PMSL.
Z
Fortissmo, r.e "Inflation is expected to fall back to 3% levels in next 6 months or so" - do you have a source for this? That seems like absurdly wishful thinking.
Well done him...right on the money...
However I still think there are enough people 'in the know' to see some improvement after the merger is legally complete and before the first bid...
However, it could come straightaway after and anyone who has Hope's of a bid, or shorters, are playing a brave game if they are waiting...
As DBW has said, we could 'wake up' one day to a bid and I'm much happier being fully loaded, like you, than waiting and watching...
ATB
Thanks bubble, but I only give one about the day we open 250% up once the Chinese make their move, then we are under starters orders for 'The Battle for Cascabel'. When will this be? Well, a fair few posters I hold in high regard say the price will drift up to late 20 -> 30p once the merger is complete and ARB is taken out of the equasion. On the other hand, WI replied to a tweet of mine to say the SP won't recover before we reach step 3, a bid of some sorts. Either way, we won't be at these levels for much longer and I've added another 250k this week after closing other positions to release funds. Have a great weekend all, the trash talk is nearly over and we're on the way to the ring!
Up 3.28% 32 cents buyers still there
I went to the supermarket today and saw this:
https://tinyurl.com/hrjy8cfv
It reminded me of the old Solgold gang.
Happy Friday everyone!
Fortissimo lol cuddling up :):)
Q, we're clearly a very long way off having a DFS/BFS, therefore there's no chance funding is 'being raised in the background'.
In simple terms, the previous PFS was like banking a mortgage at 3%. If they went for a new PFS (updated) then they'll be getting a 6% mortgage.
There's absolutely no sense at all in revising the PFS down due to what looks like short term inflation concerns.
Porvenir PEA would undoubtedly be benchmarked to current price levels with bucket load of inflation backed in resulting in a rather tepid economic story. Inflation is expected to fall back to 3% levels in next 6 months or so and broader markets are beginning to move to pricing this in. SOLG has not yet moved at all. Still stuck in the 'world is nigh' channel established in the market wash out month of October 2022. As of now the DOW jones is just 2000pts or 7%+ off all time highs! SOLG is trading like broader markets are at multi year lows.
Doesn't make sense and likely is sentiment based. The market didn't blink much on the last PFS so I doubt management see any sense in rewriting what is already a decent PFS whether the market can be bothered or not depends on whether a buyer or partner is interested.
Judging by the way Lasso and Chinese are cuddling up, I'd say the chinese are very interested.
Hi DinnerMoney this is interesting, look's like they are settling on the PFS they have and going for the reduced block cave model.
However the SP Angel broker note said they were proceeding with the DFS. So maybe finance being raised in the background.
SP is not going into 20s, But Gold seems to have a good run
I am with you but the sooner this is turned into cash the better.
Jerry the reason finance is easier now has nothing to do with the markets.
Finance will always be available for cost effective projects that comfortably produce enough revenue to support a fast payback.
We now have 100% of ENSA. This is what makes it easier.
Sean, given you assuredness of a bid, why don't you just head off now? You've gone from dry-witted and humorous Glaswegian to tin-foil-hat-wearing grumpus, accusing posters of having an 'agenda' and trying to shut down well meaning discussion. I used to look forward to buying you a pint once we all get our long overdue payday here, what has happened?
For the record, I am not ramping this share because it would be pointless - there is nothing in the immediate future to boost the price back into the 20s.
But I'll say on record - we will be sold. A bid will come. Within months.
Otherwise this share is virtually worthless. And I don't believe that.
I take it from all the green lines that Quady is throwing his toys out the pram again.
The thing about a bid is there won't be one until there is one. And when it lands everything here will be blown out the water instantly. No discussion, no apologies from those who were wrong, no self-awareness about banging on about production for years. I won't be looking for thanks or comradeship, I'll be taking my cash and going.
The alternative is year after year of drilling, then diluting, jam tomorrow forever.
The money we have in the bank wouldn't cover the first 5% of costs involved of going into production, which is why the guys in charge - like me - have binned the idea very publicly.
The fact that we have a hardcore on here who don't seem to know we have merged with CGP, who is now in charge of OLG, and what their clear intentions are is not only worrying, it is extremely annoying, especially withQuady who - having been proved wrong - is sticking around only for nuisance value and to disrupt the board more than Slug ever managed.
I haven't "turned against this share".
But what I'm not going to do now is ramp it to high heaven with brash and overconfident statements about how we're nailed on to be sold.
If it happens great because LTHs deserve to make some coin given the struggles we've had to endure.
Certainly cynical Italian...
Let's say the movers and shakers at CGP owned 30% (Sangha has 20%), they will get 165 million SOLG shares. Add to which we know Scott has 18 million and Sangha bought 23 million in the recent issue.
That makes a total of c200 million, which is c8% of the increased share capital.
How does that 'take control of the company'?
Mather/DGR have c16%; BHP and NCM c12% each...
Scott is only interim CEO...
Now I'm quite sure the CGP 'mafia's have rowed in to monetise their investment, with CGP having become a bit of a dog needing regular infusions of cash, but...
I'm certain that Mather and the CGP crowd are set on selling to the highest bidder and I'm happy to piggyback them to a life changing bonanza for me and the missus...
Bring it on...
'funding is now easier than before'.
Now there is a man with his finger on the financial pulse of the markets. Recession looming, rates rising, banks withdrawing credit, money supply collapsing. Yep its so much easier to get funding.......
Absolutely clueless.....
“But the events of the past 2 months- the merger and the AGM have confirmed that we are not going into production nor are we looking for a JV. We are going for a sale”
Exactly Sean …. One day a press release will drop and further speculation will be impossible