Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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That's exactly what I wanted. The market speculates that a dilutive fund raise is coming and it gets proven wrong. BHP and NCM bullied SOLG last time around and this time SOLG does what is best for ALL shareholders and stands firm.
Well done SOLG.
Now lets see what this market does now it has it's pants down and has been given a good spanking.
Like I said... on a comparable basis to bulk of sector and market, SOLG should be trading at 25p+ right now.
And all those that said a royalty deal was not coming.... well... you need to suck it up I'm afraid and admit you got it wrong.
Q, indeed, but my point was we may not need to do it via the loan mechanism.
Just like some of us predicted, but were told "no, it can't happen".
Well, it can and has and will continue to happen.
Solgold can't finance it's way to production?
I think it can.
Good morning addicknt, the way I read it is that the 50 million is ring fenced for Alpala.
So we still need the 30 million for drilling the regionals.
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
“Sandeep 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 (2010–2014) 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 sector”
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 Porvenireal… 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
We’ll see dbw I’ve still got a little patience left ;))
ONWARDS AND UPWARDS!!!
Novice
Plenty this week….. 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