Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Interesting Smickster a streaming deal could only be for Alpala though as no one is going to do a streaming deal for exploration.
smickster:True their CEO did Mention SOLG in last weeks presentation
Fair enough Smickster.
Jezzo the longer this decline goes on the more chance I think we have of seeing another FNV type stream deal being put forward imo.
Hypothetical but if SolGold turned round in 4-6 weeks time and said "we can't get the cash in to be a going concern", would the story have changed for you then?
Of course but highly unlikely imo. We have raised in tricky positions before early 2016 if i recall we were down to our last few million.
You say the recent raise is a new development and I say its a continuation of our largest investors rocking the boat.
A matter of perspective maybe.
Lol Bozi
You may be right …. Oops
People weren't selling in sufficient size when Norges bought were they RK1?
There was a lot of closing auction action. Why not now?
I happen to agree about sells being exhausted but there's very little evidence of the slack being taken up, probably for the reason Addicknt mentions.
The likes of yourself, DBW and one or two others have probably propped us up the last few weeks.
Every week that goes by with a declining SP means a bigger placing making for a larger % of dilution.
I hope the BOD has a plan up their sleeve or a bid in the offing.
Agreed Bozi but they can only buy if people are selling in sufficient size...
Just look at the volumes for the last 3 weeks or so...
Agree with your second point.
Regarding your first, they haven't seen eye to eye since the Franco stream but they still maintained their stakes at the equity raises offered to them. This time, for whatever reason, they've said no thank you to whatever SolGold had planned.
Either way, it's a new development. It reduces Solgold's funding options, along with the poor performance of the market and that has to change the story.
Hypothetical but if SolGold turned round in 4-6 weeks time and said "we can't get the cash in to be a going concern", would the story have changed for you then?
They have not seen eye to eye since the Franco stream deal and probably before....its not news and imo no change to story.
Some believed removing Nm would improve the relationship between solg and our largest investors, this was never going to be the case.
More importantly why are we running down the clock to our investment commitments?
We don't seem that bothered about this.
I'm guessing if we lost the tenements, they wouldn't be that easy to distribute due to the changes made to appease the indigenous community.
Hi Josepi, fair point!
Another big drop on the TSX for SOLG today, circa 12%..
Smickster - Our major shareholders and the company were in a perceived stalemate earlier this summer over the next round of funding for the company.
If that isn't a change to the story , what is?
But it hasn't changed, unless your privy to something we are not?
Raise cash and continue to pfs2, porvenir pea and dfs for cascabel.
Smickster - I'm not feeling jittery at all. I'll be keeping the device on and I'll be taking advantage of any bargains.
I'm simply trying to prompt the discussion because I think it's something all shareholders should be considering. That includes those who believe there has been no change to the story.
Copperpot,
Yes, It is investing and not lending ....
My point is it's all linked, as some organizations-investors may have to borrow in order to invest.
Think you're about right there Addicknt.
Hi Josepi, in fairness buddy.....it's not money lending, it's investing. There's a huge payback down the line hopefully. Money lending is for sharks.
'The BOD need to do better with the funding plan..... we are using sticking plasters to get from month to month.'
Our board are better at kicking the can down the road than a 12 year old Brazilian in the favelas... its their tried and tested method
Bozi,
Solg isn't an isolated case.
The story is the same, we need cash and big boys are playing hard ball.
I understand you are feeling a bit jittery so maybe turn off from your device for a while .
Tbh I wouldn't want anything doing in the next few weeks anyway.
More worrying is money lending is getting tighter and tighter globally....
"Batten down the hatches!"
addicknt,
I agree. The BOD need to do better with the funding plan..... we are using sticking plasters to get from month to month.
Josephi, your last sentence highlights the crux the problem. Our demand for cash is never ending and everyone knows it. I don't believe we have a single institutional investor on the register, with the possible exception of Valuestone, who has any intention of being used as an eternal cashpoint machine.