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Good grief!!!
Sorry addicknt you made my point.
Btw, when the next placing is announced, assuming we won't be given an opportunity to participate, it will come in the form of a statement outlining what has already happened...no pre-announcement.
So where is the statement that it happened and failed.
We don't have one as it was a discussion and nothing more.
I've started a new thread because I suspect the others will be deleted.
It's clear that you either didn't read what I posted earlier in the week, or you simply didn't understand it.
I was crystal clear; any share issue which includes an offer to the public i.e the two you refer to, is pre-announced...for obvious reasons. Other issues which do not involve the public are NOT pre-announced and if you believe they are, please provide one example since 2016 (as far as back as I could be bothered )
Anyway, I've had enough of this conversation. You are wrong and your compounding your error every time you post.
Btw, when the next placing is announced, assuming we won't be given an opportunity to participate, it will come in the form of a statement outlining what has already happened...no pre-announcement. At that point, I'lll accept your humble apology.
That reminds me.
I must do the lottery.
If Quasi is right I might just win
Afer all there's as much chance of either occurrences actually happening.
Copper through $3.73 resistance...keeps testing $3.76...$3.80 is major resistance then we're on our way to $4.00 next major resistance...
https://seekingalpha.com/news/3877008-copper-extends-gains-chinas-energy-shortage-could-boost-demand?mailingid=28855105&messageid=2900&serial=28855105.10582&source=email_2900&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=28855105.10582
That reminds me.
I must do the lottery.
If Quasi is right I might just win
Afer all there's as much chance of either occurrences actually happening.
OK addicknt a detailed answer for you.
Below is Solgolds last announcement of a fund raise at this point it has neither succeeded or failed but we have the announcement.
https://www.lse.co.uk/rns/SOLG/proposed-placing-and-retail-offer-bcnlkdoaa4n9fl8.html
Next we have the primary bid offer.
https://www.lse.co.uk/rns/SOLG/primarybid-offer-x8k4id7au7you6g.html
Lastly we have the results, it's at this stage we understand if it was successful or it failed.
https://www.lse.co.uk/rns/SOLG/results-of-placing-1o7llftmvz4j2wv.html
We never even got the offer statement so no fund raise was attempted.
Do you understand now !
OK addicknt a detailed answer for you.
Below is Solgolds last announcement of a fund raise at this point it has neither succeeded or failed but we have the announcement.
https://www.lse.co.uk/rns/SOLG/proposed-placing-and-retail-offer-bcnlkdoaa4n9fl8.html
Next we have the primary bid offer.
https://www.lse.co.uk/rns/SOLG/primarybid-offer-x8k4id7au7you6g.html
Lastly we have the results, it's at this stage we understand if it was successful or it failed.
https://www.lse.co.uk/rns/SOLG/results-of-placing-1o7llftmvz4j2wv.html
We never even got the offer statement so no fund raise was attempted.
Do you understand now !
LunchMoney, a minor fund raise would not have seen royalty deals involved so I think it's fair to assume that parties involved knew what was going on and as such blocked it somehow. That would indicate $100m+ imho. If it was just $40m plus some working capital to sort exploration on regionals then it would have skimmed through with no issues via equity raise. Same as years before. This year was different as SOLG appeared to try and do the same as last year (Franco) according to NCM Bizwaz.
Lunchmoney companies talk about finances all the time.
Until a fund raise is put to the market and share holders are informed, no fund raise has taken place.
Otherwise that means every company has failed fund raises all the time.
That's just nonsense.
Q, provide just one example of your contention, please - excluding public offerings.
The evidence is all there and therefore I don't have to wait to see who's correct.
Addicknt let me help you out.
Companies do not give details of discussions about raising funds ( this is what happened here )
If a company attempts a fund raise , then at the point it puts a fund raise to the market, we as share holders get the details. We then see if it fails or succeeds and at that point we get a second statement.
You will understand that when Solgold fund raises later on this year.
Let's just wait and see who's correct.
Companies do not...I repeat, DO NOT, give details of failed fund raises. You've been investing for over 40 years, perhaps you can furnish us with examples when a company has done so? And if you choose to look back over the past six years you'll see that details of successful placings are not given until they are completed and not as you have suggested, beforehand. For the love of God, just look back at our announcements - the proof is all there.
I'm sure Quady will respond eventually but in the meantime the RNSs on 28th July and 1 August were 'cleansing statements'
I'm not sure whether Q understands what those are, but basically because potential investors were approached for firm interest in a fund raise (which appears to have been a 'cashbox', their ability to trade in Solgold shares was suspended.
The two 'cleansing statements' released them to be able to trade again and this proves there was an attempted fundraise.
This was also confirmed in the attached AFR article which most in here have read, which refers specifically to the failed attempt by Barrenjoey to lead a fundraise...
https://www.afr.com/rear-window/s-all-not-well-at-solgold-20220814-p5b9p0
The trouble is, Quady thinks the sun shines out of Solgold's proverbial and refuses to accept that they need a fundraise no later than January, to get them through the preparation of the DFS and any drilling they want to do...
He has to believe there was no failed fundraise, because that puts his darling project at risk and increases the likelihood of a takeover bid(s), which would mean that Solgold DOES NOT take Alpala to production...
Anyhow I'll stop there and I'm sure somebody will reveal what inanity he posts in response...
Addicknt you have really gone down in my estimation .
Just provide any reference of what the failed fund raise was.
As far as I can find is a discussion was held and at that stage, they decided to rethink and not go ahead.
That is not a failed fund raise, as we didn't attempt one.
Sorry Bozi I missed your 16.11 post last night.
I believe like you a fund raise is soon on the cards to get us to DFS. I hope it will be minimal. ( it will not be a failed fund raise )
However you ask about what happens after we get the DFS.
I don't know, but I will express my opinion.
Darryl tells us that after the DFS funding opportunities open up for us.
I guess this means we have options.
I would like to think along with Solgolds statements of minimal dilution, this is going to be mostly in the form of loans.
We of course will have to stump up some capital to get good terms.
That is where I believe a larger offtake agreement would give us the necessary stake.
So we proceed to production as the offtake makes us less attractive to bids .
And we have the finance and the expertise from the civil engineering operation we employ.
Hopefully we at some stage issue bonds once we are in production, and pay back our loans quicker and start paying dividends.
Hope this provides a full answer.
All the best.
Q, would you care to address the proof I've given on two previous occasions this week that what you're saying is 100% cast iron codswallop? Or would you prefer to keep ignoring the facts?
The longer you go on about this issue, the more stupid you look.
Eish,
Last update from Darry was that the company is exploring various funding options and doesn't see it being a problem at all and cash pile will see us through to end of the year if required etc.
As we all know by now, the problem isn't funding at all... it's getting major shareholders to agree on what form or structure that funding takes. I don't think SOLG need to communicate to us pi's what negotiations are underway but I do think it would be fair for them to at the very least outline the sum involved. To be kept in the dark over what the full amount required when many other larger investors already have this knowledge is extremely unfair and bordering on market reg rules.
Zoros he hasn't got me filtered. it's very childlike.
He doesn't realize I have read the Berry Street Capital statement.
It's a whinging statement, and gives no details of any fund raise.
On further investigation I found that I could not find any detail of a fund raise and neither has anyone else.
So what we know is a discussion was held and no fund raise took part.
That's not a failed fund raise. That's a non fund raise.
Addicknt and Redknight will understand this later when a fund raise takes place and we get the announcements that go with it.
I will of course point this out to them but I know these two.
Addicknt will rewrite history and pretend he said something else.
Redknight will say he's got me filtered and won't respond.
All I asked for at the beginning was details of the failed fund raise.
Because no one could find this, they pretended a fund raise took part and I was talking nonsense.
All very childish really.
As I wrote to ask why we have not heard from Solgold management about the failed fundraise and about future fundraises, have any of you long term holders written and received replies at all? We will need a secure pot to get to DFS and continue drilling other sites, surely there must by now be a strategy (or two?)? Some form of communication would really be nice, imho!
Rednight - if Quady is still filtered, then how can you read his answer......duh!
Z
Quady...still filtered I'm afraid, but...
Although you say you are dyslexic, presumably you can read the official statement from Berry Street Capital dated July 28 and published on THE LONDON STOCK EXCHANGE website...
"In our view, the Company’s latest attempt to fund raise..."
https://www.rns-pdf.londonstockexchange.com/rns/0991U_1-2022-7-28.pdf
So how can you continue to deny there was an attempted fundraise...?
Now we're 2.3% up !
Looking like another strong day for copper... are the storm clouds clearing?