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Correct we are looking for someone to develop it.
The article says there is no more studies happening. It is very obvious. Bob says even the PFS was useless i.e. you can sell this business even without that.
Good afternoon addicknt this is going to production in stages.
Next stage is DFS we have sorted the funding for that.
I am unsure wherever we require the BFS before funding.
It must be clear now we can raise 3bn on offtake and loans and minimal dilution.
Many people said we would never get this far.
Once we get to DFS we have been told on two occasions I can remember that funding options open up to us.
As you know I have never said production was certain that it was the most likely outcome.
After the last couple of days, it looks more likely.
The article clearly quotes an investor saying this is not going to production and also Bob who say he looks for somebody to develop it and not Solgold. Bob is further quotes in saying that there are multiple parties interested in Ecuador, which by default means also Solgold/ ENSA.
Q, from what I can see nowhere in the announcement of the review does it state 'how we can get to a producing mine' as being one of the options. It mentions financing, but that cannot relate to the mine funding as without a DFS we are in no position to raise $3bn.
BECAUSE THEY'RE GOING TO PRODUCTION MEDAR !!!
Don't you listen to Quady... ;)))
Quady, if you think that Sangha & co are on board to tell us how to get to a producing mine, I've got a bridge to sell you. Ridiculous.
Quady, why you think BHP won't bid for solg? tnx
As I have said BHP will not buy us and it doesn't look like NCM will either.
I now suspect the strategic review will be about how we get to a producing mine.
kindly replied to my message of yesterday and said that whilst he recognised that 'there has been some change in recent months' (classic understatement!) 'the focus from here is progressing the strategic review as the top priority'.
Copper, or General McAuliffe at Bastogne during the Battle of the Bulge. "Nuts!".
Is anyone able to copy and paste the article on here?
So as most on here suspected DC was an trojan horse for BHP by the looks of it, I can imagine the rise to 40p and back was engineered to prize as many shares as possible from LT holders tight hands, who'd a thought it hey ? :((
Nearly got away with it, it stank from day 1 ...
ONWARDS & UPWARDS
Have a great weekend in the knowledge that we are (hopefully) on a stronger, honest footing going forwards. I'm sure Lasso and Ecuador want this pumping some extra coffers into their GDP ASAP
https://www.mining-journal.com/m-amp-a/news/1443208/m-opportunities-beckon-for-bhp-says-macquarie
This also looks like it could be worth a read, but again don't have access.
Are Maxit based on Snake Island? ;-)
Its comforting to know they think the same as me
Try this.
https://www.mining-journal.com/m-amp-a/news/1443202/maxit-bhp-and-newcrest-can-go-k-themselves
Silly suggestion you will not be able to post it
Screen shot it?
Lock and load
I have but won't let me post it.
Anyone got access to the article?
Hello Jerry just read the mining.com article.
Well BHP and NCM won't be bidding for us.
Good to be back in charge
What I am saying is at PFS we have a valuation of around 50P a share but at DFS considerably more.