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Ignore my last sentence, it's nonsense. I guess we'd simply cancel the loan once the merger is completed.
Q, as yet we don't have the 30m loan. In fact, it may no longer be necessary - we can push ahead with the merger, CGP can choose to sell the shares pre-merger, meaning we have the cash on the balance sheet when the merger is completed or, we can inherit the shares and place them from treasury ourselves.
Either way, our balance sheet will look healthier with cash rather than leverage.
DBW, our absolute priority was to get some funding and personally I don't care from where, or what form, it comes in.
Back into the mid 20's makes sense.
GLA
Really nice find Porvenireal.
What is really good about this is the four year buyback.
So if we have open cut by 2027 and we are generating income, then this 0.6% offtake never happens.
So what happens now.
We get to DFS and we obtain funding to construct Alpala.
I believe this will be done with minimal dilution as we are looking at loans backed by Alpala value, as this by DFS will be saleable.
So we can go this alone.
Remember all the people on here shouting how finance would be hard to achieve and we are in for massive dilution.
It's not going to happen.
Nice start to the day.
Remember we also have the 30 million loan on top of this for other drilling.
Great news but not what I was expecting
This connection is very interesting too
āSandeep Singh joined Osisko as President in January 2020. He became President and Chief Executive Officer in November 2020. For the fifteen years prior, Mr. Singh was an investment banker in the metals and mining industry where he advised numerous mining companies on growth and financing strategies with Maxit Capital (2014-2020), Dundee Securities (2010ā2014) and BMO Capital Markets (2005-2010). As co-founder of Maxit Capital, he was instrumental in building an independent and highly successful advisory firm which acted on some of the most complex and value-enhancing transactions in the mining sectorā
Thank heavens for that! And thank you porv for posting. I liked Irwin's tweet!
Great news :)
A very welcome post Porvenireal and comforting tweet PAULUS57
Yes, well done Porvenirealā¦ thank you.
Thank you porv that is great news indeed.
Irwin tweet..all looking good:-
https://twitter.com/bigdude6669/status/1589465055015292928?s=46&t=sPU6iNxN0TUwRf-r24ZoPA
Thank you porvenireal, well spotted and great to hear.
Let's go up.
TS
Weāll see dbw Iāve still got a little patience left ;))
ONWARDS AND UPWARDS!!!
Novice
Plenty this weekā¦.. mind you I said that last week
My point exactly HH, ;))
Lets see what this coming week brings
Every call novice makes the opposite happens - as an investor here i wish he would keep his bad luck mouth shut...
I do agree Hubris hunter, however I also believe that the way the book is divided up amongst our major shareholders makes it difficult to bid as so many interested parties need to say yes.
An agreed bid is a possibility; however, a hostile bid becomes expensive.
This is part of my reasoning that I believe we are continuing to production unless one party acquires a holding above 30%.
Good afternoon, Novice unfortunately the same applies to other companies.
However, I do agree that we should see a rise in the next few weeks for all the events which we all know are coming.
That's all very sensible Q if you are the only player in the game, what happens when (hopefully) another player turns up in the neighbourhood, It is always a game of patience in these matters until some other company shows an interest of which we are led to believe there are more than a few.
I believe we will start to see a climb back up into the mid 20's this week as we approach incoming news. we've already seen a +8% rise last week so the indicators are already there, There are also a far few pro gold/copper reports in the weekend journals...
Have a good Sunday all
Addicknt I also read that article and it makes complete sense if you read it for what it is. and in conjunction with previous BHP statements.
He is being consistent as he realizes that he doesn't need to pay top dollar as explorers have to sell at some point as that's their business.
What he is saying (reading between the lines) is at different points in the mining cycle explorers require finance.
It is what I have always said about the diverse book.
It stops a low bid because every entity knows their shares worth.
BHP are after copper explorers that need money, so they can pick them up cheap.
Or they are after a share of a copper mine at various points of the exploration story.
We are in the second category unless we cannot obtain funding.
This is why in order to obtain value we must construct Alpala.
There's a lengthy interview with Mike Henry of BHP in today's Sunday Times.
Yet again he demonstrates his highly contradictory and confusing message with regard to copper. To paraphrase: "We want copper ...it's where the future is, but we are not going to pay for it". This is explains why he's made two futile bids so far and poses the obvious question, how on earth else are you going to get your hands on the commodity the whole world wants without paying for it?
I'm beginning to think this bloke may be a bone fide moron.
It is a rod I guess, but Iām glad he put some basic valuations (expectations?) out there. However this plays out, we are getting closer and closer to multiple important RNS in the coming weeks. I donāt believe Solg will be bought out in the immediate future, but it would be nice if I was wrong.
Orthern, I suppose it could be argued that by publicly stating a range of values for Cascabel, DC has made a rod for his own back. He has been very clear and it would be difficult to sell a deal to shareholders if the minimum value he mentioned is not achieved.
I wonder if his openness was to give a steer to any interested party?i.e "don't bother getting in touch if you think you can get it for less." Mind you, I'm not sure how sensible it was to provide an upper limit. I know his figures were purely indicative, but nevertheless...