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Quady, you are clinging to the hydroelectric power quote for dear life. Given that the company has stated that it is no longer intending to produce an amended PFS or proceed to DFS at Cascabel, what is the output you're expecting to see here?
Your desperation to be right about taking this to production is bordering on the pitiful. You're ignoring the myriad of facts that all point to disposal or sale of the business, and when properly challenged, as Bozi did the other day, you simply disappear into the ether.
I wonder if you'll ever post on here again the day SOLG formally announces that another company will be taking Cascabel to production, whether through the company having been bought out, or the asset spun out and sold.
Addinct … no we don’t need it but it could easily be used as a tool to push BHP over the edge
Quady… until Solgold take this to production (as you always claimed they would though you’ve recently been squirming to take a different position)
You will be wrong too …. There will also be no JV
DBW you have been constantly wrong and still are.
We know we don't have a bid or interested party.
We have raised money which is ring fenced for Cascabel, cannot be spent on anything else.
We have now raised 36million to advance drilling.
None of this is to do with a bid.
Add to that, that we have a strategic review that is looking at hydroelectric and a cheaper start up for Alpala.
This is looking at how to bring Alpala to production.
That's what the facts point to, and we have the evidence.
DBW, do we really need the CGP money? Not in the short term, so there's probably no point in selling the shares now. Hold them in treasury and avoid further dilution. They can be offered to the buyer in due course.
Yep Red it’s obvious
Do folk really think JiangXi will be happy to sit with 5-6% ….. ? And when heir stake continues to build will BHP tolerate it ?
We also have the small matter of the potential placing of the CGP stock at any time…. I wonder who will be the recipient
Interesting but it says 0% change...so what happens when they have to close their short...of 11.5 million shares...?
Redknight,
I hope your right, I've got feeling your right.
2023 is pay day here
In fact we probably wont need the Osisisko money which can be repaid...
6.3% to Jiangxi is a teaser to set up a bidding war...
The next TR1 should be interesting...
First one visible? Looks like Canadian based fund
https://www.shorttracker.co.uk/company/GB00B0WD0R35/
We're not going to production...
This thing will be sold within a few months max...
Dont worry...
Redknight,
Whats the plan after the 86 million is used up? That's my point ..... The sums here to get this to production are staggering!
That's why we need to move on and sell this monster of a resource and not keep handing out the begging bowl every few months for further funding
Dreamboatwarrior,
I entirely agree this is not going to production.
Ongoing saga of funding...?
Weve just raised $86 million...enough to get well into H2 next year...
But we wont need that long...
copper, for me the biggest indicator of our intentions is the director issue. When DC was given the heave-ho the RNS said a replacement would be sought and the search was starting 'immediately' . When it was announced that Scott was taking over there was no longer any reference to long term replacements, and there was only a 12 day gap between the two announcements, so something pretty significant happened in that period. The same is true for the CFO role.
Hi Josepi, yes it has been a long journey matey, I do think there's plenty more miles for the clock too! There are probably "many" options being worked on...and not necessarily a sale.
As for high end staff leaving the company of late, duplication of staff doesn't look good on the balance sheet down the line!
We aren’t going on like anything
It’s obvious we’ve finally had a change in direction and any pretence of production has been firmly kicked into touch
Morning Copperpot,
It already has (to put it mildly) a long drawn out process here.......How long investors are prepared to wait is a further unknown.
I've recently invested new money here and am happy buying at these levels....However, I do see this ongoing saga of funding coming to head sooner than most people think here. It's constantly destabilising the company and trust is fast waining with the current BOD to manage the situation effectively.
We can't go on like this and the sooner the Solgold for sale sign is put up the better for all.
Big volumes...1.334 million including the UT...
If this article had said a bidding war is 'being lined-up' it would make far more sense. Director and Maxit share purchases and no RNS, tells us it's not currently in discussions.
With regard to the DC departure, the only sense I can make of the comment about 'simplifying the management structure' is that absent a full-time CEO, a buyer wouldn't have to deal with redundancy costs etc, and even then it's pretty daft.
I would suggest this article is pretty poor journalism...but what else do you expect from financial journalists? most of whom tried to become mainstream writers and dreamt of their own columns, but never cut the mustard.
It's a pity really, I think we could all do with an early Christmas present.
The simple fact is.......it is going to be a long drawn out process here...my opinion only! I'm not deramping by any means, just being realistic. I continue to hold and haven't sold one share.
I quoted Warren Buffet about 2yrs ago, his phrase was......"You can't make a baby in one month by getting nine women pregnant" It is very true!
Some people here want payday now (I understand that) but the fruit is not ripe, and not ready for picking. Our feast will come, we have to be patient!
Damo squib on this rumour then as usual
It's very simple Darren...despite it being blindingly obvious that this is set up for a takeover battle that some of us (DBW for example) have been flagging for weeks, some are giving up on their dream of on their dream of Allala going to production...
And given the much higher volumes in the last 5 weeks it's also clear that others are gratefully gobbling the shares...
Fir as long as there are disillusioned sellers, why should the MMs pump the price...?
I said a while back that Arren Wirwin tweets should be taken with a pinch of salt. One or two scoffed at my comment, if Arren W told them the moon was made of green cheese...they'd believe him. Desperation does strange things to some!
Correct Darren, ......" No sale imminent"
Darren, I mentioned this yesterday and no, they wouldn't.