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Here you go pinot:
Warren Irwin
@bigdude6669
·
5h
@Cornerstone_CGP
@SolGold_plc
First Step - Friendly Merger with Cornerstone - COMPLETE, Second Step - Raise US$50,000 in non-dilutive financing - COMPLETE, Third Step - Realize full value for SolGold Shareholders - IN PROGRESS. Impressive positive progress for SolGold, congrats!
You can read twitter from a site like nitter.it
Morning all...i'm not member of twitter but can see part of a Warren Irwin tweet ...is there anyone that can have a read.
Pinot
:0)
I'm over the moon that no dilution seems to be involved for once. But 50 million isn't going to last long with 800 peopel twiddling their thumbs when they need to be paid, fed and watered. I also have a sneaky feeling that this financing wouldn't have looked too good in better financial times.
I'm pinning my hopes on Irwin and the CGP boys being hungry enough and pushy enough to still get things going re. a sale as soon as they get near the driving seat. Otherwise we are out of danger this morning but still adrift, becalmed and rudderless for however long this cash lasts.
Talk of "net smelter returns" is crazy and will only keep our resident loons from taking their medication...
sean, agreed and it's astonishing our board has taken so long to realise the fact.
Hi I ,and some still think solgold taking cascabel to production lol!!:)
Even the words "going into production" is kryptonite to the share price.
A good start to the week as far as I'm concerned.....
MM - 07.49 'Orthen correct - although this looks like it is a bunch of Sanghas mates!'
Osisko recently posted their Q3 Prelims, which included the following Board of Direcctors Appointment -
Osisko is pleased to announce the appointment of Mr. Rob Krcmarov to its Board of Directors. Mr. Krcmarov is a renowned international mining executive with over 32 years of experience in the natural resources sector. Mr. Krcmarov recently retired as Executive Vice President of Exploration and Growth for Barrick Gold Corporation (“Barrick”). During his tenure at Barrick, he progressed through several senior positions from 1988 to 2021, and built an exceptional skillset in global exploration spanning across five continents and more than 20 countries.
And further -
Rob adds unparalleled expertise in geology and mining transactions with relationships and asset knowledge around the globe. He will be an invaluable asset to the Corporation.”
Someone tenuous I admit but nice to know we have a guy from a company other than BHP/NMC looking at us. I'm sure RK will agree - he's been talking 'Barrick' for yonks!
Maybe meaningless, but I'm enjoying the moment for once! GLA
Quady, Plan A is now to launch a strategic review of the business to unlock value for all shareholders. It is no longer press ahead to production.
Some cash sorted at least.
But looks like more jam tomorrow for the poor bloody infantry.
The rise has petered out already. I expect we'll end the day back in the 16s.
We need a sale.
Sorry mistermeister re-read your post, you are quite right.
All the best.
18.58 paid
BHP will probably be ok with the merger as its easier to buy or JV the whole lot. Not sure on this deal but it is structured with some buy back so perhaps its a hint of things to come. Importantly it allows SOLG time.
Looks good to me
SOLG get some value back in the SP today,
GLA LTH
Q, which is why I said delete as applicable. Thanks for raising your view interested in all other views also. If they tested the market and it was not suitable (for BHP and NC). Why would this be suitable for BHP and NC? It wouldn’t.
And NCM...Yet another put up or shut up challenge thrown down...
Mistermeister there was no funding package. We talked about one but Solgold announced it didn't go ahead with it and that a funding package would soon be announced.
Today is that announcement.
Begs the question as to what was the funding package which as “failed/tested the market” (delete as applicable). Must have been different if they have gone ahead now regardless with streaming?
I would imagine they are delighted Bnc ;))
Bet BHP will be chuffed to bits
Does anyone know based on this royalty deal what is the implied valuation per share? Is this what DC was getting at at his 78p per share?
I do believe we continue to DFS, as you say it is creating value.
But more importantly it is Solgolds announced intention.
It is plan A.
Remember plan A is the preferred plan otherwise it wouldn't be called plan A.
The reference that Plan A begets plan B is only there should a bid come in that is worth looking at.
Orthen correct - although this looks like it is a bunch of Sanghas mates!
21p open?
Then a steady squeeze upwards...
It's important now that the 6.7% stake is sold now and not simply redeemed post merger...