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BBG - As a holder of these for well over a decade now, that would be most certainly welcome, IF it arrives imminently.
MickB - I am sorry to inform you however there is much more news incoming.
Best wait until after 9am when the proper trading starts. Anything pre 9am and it's like game of thrones on speed.
This is going much higher once a few have been dropped off by the pool as they say.
Company-changing would be funding - or a buy-out.
Neither is imminent.
Yes it did. It would seem MickB needs liquidity
"SolGold just had company changing RNS"
No - it didn't
Not great is it.
Discounted placing in the wings?
Well that rise lasted long.
144,425 more towards my total. That's me done, all in. Now I'll just wait. GLA
I don't think we've heard from him for a while. Perhaps we realised it was probably best not to have a pre-adolescent teen with an iphone doing our comms.
He did hire the exceptional skills of Sean Tufford… a man with a very unprofessional/dubious profile picture, and fast becoming a figure of fun for his inept communications and social media posts, often a week behind the events.
Maybe Newcrest, BHP the Chinese are at a bidding war for Cascabel.
This is more of a likely scenario at this stage.
Gl all
SolGold just had company changing RNS
30% finish at 10p plus
It would seem that due to the information he is privy of, he is not willing to do any interviews or media.
News yday was company changing IMO
You have to admit SC ‘s communication skills to shareholders is pretty poor.
Don't worry, Eloro, once everything falls into place you'll be on here saying what a hero SC is and how he's always had your support. And I promise, I won't rub you nose in it...much.
The CEO has given details of why they chose the six projects they're going to get rid of. The key criterium is that those they wish to keep are Tier 1 - GGP doesn't currently meet that hurdle, hence it's up for sale. We however, do.
I think it's exactly the way addicknt describes, the Government puts no money but guarantees the framework to attract the actual money from third parties. Which form financing takes and how Solgold benefits is the part that has to be clarified.
GLA
Scott delivering Add!? The only thing he has consistently delivered is destruction of our SP. Look at the excitement the rise in the SP caused yesterday. It is clearly at the root of investors sentiments. Equally, when the SP falls, doom and gloom pervades the BB.
We have confusion. We have had delays. I think Scott's new name is the Fat Controller 😆
Yesterdays RNS says there is a commitment to fund $3,2B Cascabel. Solgold now has to confirm at what cost.
Look at the words used...
- the signing of a joint declaration
- in preparation for the execution of the Complementary Investment Protection Agreement in Ecuador
- a significant advancement in the Company's commitment to the Project and its partnership with the Ecuadorian government.
- there is a commitment to invest a total of US $3.2 billion over the subsequent years in activities related to the Cascabel mining concession
- the IPA embodies the largest mining investment in Ecuadorian history, highlighting the scale and importance of the Project,
Guess what major miners don't like? They don't like direct investments or funding from Governments in their mining projects.
This is a tactic to force hands of a major whilst there is still a window open to do so.
No its not clear at all, because its not true, if it was it would be announced to the market in an RNS.
What's clear is more time has been secured to obtain funding which is great.
I think we can put this discussion to bed. The government will not be investing, nor providing loans, for Cascabel. They will however, be providing certain assurances and protections, which is excellent news and is a critical catalyst for the company as well as making us all the more attractive to the various interested parties. Yesterday was a very important day for the company and signals the government's absolute commitment to the project, and it is to be hoped they will. now get on with granting us the various outstanding licences etc.
I'd wait for events, I suspect as yet undisclosed, to be reported. It is obvious the train is now in motion.
Let's see how the majors act in response to yesterday's agreement..Im sure news will slowly filter out into the public arena without warning