Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Do they not have some shares via Valuestone (their investment company)? Assume the two are linked
Ok so what's the money for ?,keep lights on?
If you think theses loan facilities are enough you really need to dyor ,this is going one way imho
On last PFS with the cut down area.
From memory it was around 2.5 billion dollars.
Bubble you say next morning nearly every day.
Quady how much does it cost to build a mine at cascabel?
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.
Chinese interest hey ,well thought it would be Japanese but hey ho more money ,more shares taken up ,more board members gone and HR what next do you think?,by the way I did say this morning dyor
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?
This is not the CGP shares.
As RNS says issue of shares.
BHP and NCM just got diluted further.
Another Swipe at Bhp and Ncm.
"I am very pleased to have Jiangxi become an investor in SolGold. They are a highly accomplished mining company and more importantly, 100% aligned with SolGold in ensuring all stakeholders are treated respectfully and fairly.
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.
Morning Bozi I will try to make sense of it with what we know.
The 50 million royalty can only be spent on Cascabel.
As it's ring fenced.
We have this new issue for 36 million which is not ring fenced.
The 36 million can be used to advance drilling in priority areas.
I suspect we will also take the 30 million loan when CGP'S Solgold shares are sold
So what do we do with the ring fenced 50 million.
My feeling is we are looking at a joint venture to bring this to production.
It's what the company has said and I cannot think what we have in mind for the ring fenced money, as it is for Cascabel only.
The one thing it doesn't indicate is Solgold is for sale.
That is how you annoy the 2 big bullies. Now get to table, sit down and start negotiating.
*Head of HR
As for the AGM notice...
Head of HT gone and not being filled. O'Kane and Goodey not standing for re-election either. Board of directors being decimated, all the while the CGP proxies get their feet right under the table...
No sale coming then? Sorry folks. This must really sting. I'm not enjoying the dilution but being correct takes the edge off a little bit. Shame they couldn't place a couple of cents higher, but oh well. On we go!
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.
Who kept saying about 25p?
Some will still say that a sale is imminent......lol.
What will it take lads????
So we've just taken $50m from Osisko and pushed back on all studies yet we're taking $36m more for equity down here...
Make it make sense.
The rampers have done it again...
About- 16.83p
Only 30M new as 155m from cgp is that correct?
.. incrementally kills the eventual possible reward. Turning into a confetti share company.