Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Bought another 100,000 at 17.2188
Red Autobots disappeared?
Now 1 million!
Tree shake...
I'm bid for 600k at above the market price...
Can't see much happening till next year now, Xmas approaching probably drift a little.. annoying..
Share stake can be sold any time and lent to SOLG
Osisiko $50m closing "imminenntly"
Q, the words "direct" or "indirect" don't mean what you think.
A "direct" sale would be the disposal of Cascabel as a stand-alone entity; an "indirect" sale means the sale of the share capital of SOLG PLC.
Good morning BNC.
the direct or indirect sale of an interest in the Cascabel project at prices that endorse project value howsoever effected.
It says an interest in Cascabel not the sale.
It's talking about a JV to take us to production.
Red cashburn
And despite the markdown today theres still the same insistent demand for shares by the MMs...
The decks of 'bad' news have been cleared; all non-essential activity has ceased (and not because we are running out of cash);...
This could be the last buying opportunity...
What will come first?
Osisko completion
Share stake sale
Merger completion
The first bid
Sunsequent bids...
Q, indeed and I accepted that possibility as soon as the SR was announced. What it most certainly does not mean is a route to independent production. I think you'd have greater peace of mind if you simply moved on from that opinion.
Well no pfs and and email to confirm would suggest that's it we being sold imho ,expect another RNs shortly this rubbish of not before Xmas is like I say rubbish imho
anon, I agree, this is unjustifiably cheap - but there's a good reason for that.
The announcement of the SR is the single thing which changes everything and is a very clear statement to the market that things are going to change, a fact Caldwell made crystal clear in his opening sentence.
The clues are all there and at some stage in the New Year we will hopefully have a few bob in our pockets with which to enjoy our dotage!
pretty clear to me Quady as its in black and white within todays rns from SLOG
"As previously disclosed, the Strategic Review includes, among other things, evaluating and pursuing value enhancing opportunities for the Company such as:
· evaluating financing alternatives for the Company that endorse project value;
· a spin-out of assets, other than the Cascabel project, to all shareholders;
· the direct or indirect sale of an interest in the Cascabel project at prices that endorse project value howsoever effected; or"
This is a clear as it gets
BN.c
Also had that email this morning.. No PFS.
On top of all that has been discussed RE shift in direction, I've just had confirmation from Fawzi that PFS2 / the PFS addendum is no longer going ahead.
Addinct
Whilst many are quick to dismiss the idea of an imminent sale I believe the signs couldn’t be clearer.
Do they really believe the best way to production is a massively reduced workforce?
The decks are being cleared and the only question in my mind is whether we are selling Cascabel or the lot? …. My guess is the lot with a subsequent ( pre agreed) sale of assets to a third party to follow.
I agree the takeover drum has been banged for years but that’s simply because it’s been inevitable for years even when the bluff was in full flow.
Addicknt the shift in direction comment could mean anything, it's ambiguous.
How about it meaning we are going to joint venture Alpala.
After all that is what is being talked about and it is a shift in direction.
addicknt, I don't really think anything has changed.
To me, it's always been a case of the company will do what it thinks is best for shareholders overall. Which would involve constantly reviewing everything.
I would think it's always been the case that the company would sell at the right price, but noone has offered anything, let alone the right price.
Why is that, if the likes of BHP are apparently so desperate for assets?
Maybe they're waiting for the company to be on it's knees, just like it supposedly was a few weeks back?
There's no chance of that and it will just keep offering out little chunks, which could run on for years.
I think if there are any tiny little clues to be seen, it's most likely that it's obvious SOLG will not be sold until a proper bid is made and any amount of skullduggery won't work.
I could of course be wrong and a nice bid comes in next week.
But I know where my money is and it's accumulating more shares over time.
I'm no spring chicken and could do with a quick sale at say, 70p a share, but it's win-win.
We sell or go to production.
Either way, this is dirt cheap.
Q, I've read it word by word and I understand what's being said. Perhaps you could explain the "shift in direction" comment from Caldwell? Do you believe that what he really means is that we're going to continue as before?
Quady this will be done by someone else not solgold
Revised copperpot ,if you read it properly,agree regardings cashflow continues to drain at some pace with little or no action ,580 employees plus management salaries each week since funding time is running out ,no direction apart from cgp merger so a big for sale sign is getting bigger
Bozi, interesting comment about this being a fire sale. In part you are right, but the reason for that is the previous management's patently absurd ambitions to take this to production as an independent entity.
The reason I say you're only partly right is that it's very important not to lose sight of just how valuable our asset is. People will want it and a sale process only needs two very aggressive potential buyers to make an auction a tasty prospect.
Addicknt did you not read what the strategic review covers.
It talks about how to finance Alpala.
It talks about reducing costs to bring Alpala to production.
It talks about the final updated mine design.
That is the main part of the strategic review.
Everything else is secondary as the latest RNS indicates.
Good morning Copperpot, while I agree with you on most things Solgold.
I must disagree with the imminent sale language for the last two years.
It's been the last 9 year's.