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Precisely, look what ggp have gone through tells its own story. NCM will definitely not be bidding for solg at least not for the foreseeable.
Quite possible smickster, the point is we can raise the money for DFS and BFS. We have had no failed fund raise. ( that has been confirmed now )
Also we can fund the construction of Alpala.
The strange thing here is Redknight was supposed to be something in cooperate finance, and he knows nothing about how money is raised apart from searches on google.
I worked him out ages ago.
A lot of green boxes, I assume I'm being gaslighted again for my opinion again, it wasn't me who wrote that article !
Lol BnC
Course they are Schlem.
The only difference is that they've done the vast majority of the graft at Havieron over the last 2 or 3 years so it's as unsatisfactory as it is it is tk be expected.
They've done bugger all here though since they pulled Craig Jones from the board, apart from buy a few new shares here and there.
They've muscled in on their tier 1 asset. They should support the other fairly.
Thanks Quady,
Cashbox and Boliden/Franco top ups it is then.
Onwards we march solg.
Look at Newcrest's filthy behaviour over at GGP especially regarding the initial reserve document...they're greasy bassstards who want summut for fcking nowt
Jezzoo that's the way you raise cash for exploration.
When you have a fully proved up prospect that you are ready to finance, then funding methods change.
This is really basic knowledge, which you and so many of my detractors remain uninformed about.
Your welcome Bozi, as always.
What ever you call it, it still dilutes the existing shareholders.
Thanks Quady. That page was a bit more thorough than the other legal summary I'd looked at.
Not read it fully, but I believe this covers it.
https://www.bclplaw.com/en-GB/insights/is-it-time-to-consider-cash-box-placings-again-to-raise-cash-quickly.html#:~:text=For%20this%20reason%2C%20a%20cash,shareholder%20approval%20or%20a%20prospectus.
Wow, some folk on here working their socks of this morning to get the negative vibes going again after what was a pretty clear weekend of discussion.
BHP and NCM unwilling to invest again? Mmm... would that be because they don't want SOLG delivering more value via PFS2 and Porvenir PEA?
About time these two large holders put up or shut up. If they don't want to invest (which we know is untrue) then we'll go down the royalty route. BHP and NCM do not control SOLG. Shareholders and the board control SOLG and BHP and NCM might have huge market caps and be billion dollar companies, but when it comes to SOLG, they have just a minor toe in the door.
Keep up the work guys.... it's amusing to watch.
Let me have a look Bozi.
Got a source for that Quady?
Any shares issued still need to fall under allotments already authorised, or else a vote is exactly what needs to happen...
yes - but it's a placing............end of
As far as I am aware BNC cash box placing is the correct term.
Also
Can we bin these nonsense terminologies please............ since when has a "placing" ever been called a "cashbox"
FFS - lets use the right terminology can we - so we all lnow what we're really talking about & not some Spivs street slang.....
BN.c
Don't be so negative jezzoo, there's always light at the end of the tunnel
Padmaster
Fork handles?
lols ;o]
Exactly as I read it, pinot.
One for the cashbox.
Are people aware that you can raise up to 20% of the market capital on each cashbox .
No voting required, our BOD can just do it.
In case you missed it...
https://www.afr.com/street-talk/fork-in-the-road-looms-for-bhp-newcrest-s-copper-play-solgold-20220814-p5b9oo
"While SolGold couldn’t raise equity at the drop of a hat last month, it’s not because it doesn’t have deep-pocketed backers. Quite the contrary.
SolGold’s two biggest shareholders are Australia’s BHP and Newcrest Mining, with toehold stakes worth 13.6 per cent and 13.5 per cent of the company, respectively.
With SolGold reported to have only enough cash to see it through to the end of the year (after scrapping its recent $50 million top-up), there’s bound to be a time in the next few months when its two big Australian shareholders will have to decide how much they want Cascabel.
If it’s a bit, then the two shareholders will have to tip into an equity raising and try to maintain the status quo.
But if it is a lot, like some analysts suspect, then we could see a pair of Australian heavyweights in a ding-dong battle.
The company’s annual general meeting, slated for November, is a key date to watch."
That's a pretty damning article, they basically said that the BOD don't really know what they are doing and are out of touch with the way finance works nowadays didn't they ?
So, we simply asked a "few questions" and dropped the whole idea, did we? Perhaps that explains why we lost our finance team?