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B3ast - todays shareprice doesn't affect me or illustrate solgolds resource.
Announcement regarding development financing is a matter of time... 1 day, 1 week, 1 month, 6 months.
I want to see us go to production or see a major sale of the business.
Separately, Craig Jones will be looking for a new job soon. He would be fantastic to have on our team.
.. Which is “very powerful and will promoteth growth of the company” if I remember the quote
BBG
All too often people on LSE post hinting at what's going on in the background and what commercial deals could be in the pipeline. I get that could be entirely true in this case but the sliding share price is overall more concerning.
To be honest SharketMare, my interpretation was:
I sell manure.
"I advise on institutional agriculture deals"
I sell farms.
Just stating a fact, Tesla. Why anyone who isn't invested in a company would spend time posting anything, let alone negative dirge, is way beyond me. But I guess you have your reasons.
B3ast -
I advise on institutional agriculture deals, and what we have seen today is a clear and obvious condition precedent to a major deal being announced between Jiangxi and SOLG.
I see this in every equity deal I execute with investment arriving into a project or company.
BHP knows what today means.
Addicknt
Any chance you can give the passive aggressive agenda in your posts a rest.
I never start a negative thread, I only highlight the ridiculous ramping in here. Reasoned posters I’ll engage with.
Thr ramping at this pretty innocuous RNS Is insane…..FOMO, BHP SNOOZE YOU LOSE…….blah blah blah
It’s a joke.
Why should anyone reading these threads have to be invested. Most on here are all looking for alterior motives as to why someone is posting negatively.
I tone down my posts out of respect to Qalibashi but the ramping on here borders on ridiculous because the rampers are so down and over leveraged they don’t have any option
.So please give up the little digs in your posts about being invested………
I'm confused by the RNS - so much for reducing headcount and costs.
And an intriguing comment by Scott:
"...as we navigate the dynamic landscape of the mining industry..."
To me - and my frustrated PI mind - it sounds like things are still up in the air.
Hi Fort I think an off take agreement with a finite term would be preferable to Royalty but it could go in a completely different direction. As someone mentioned earlier a deal for say Porvenir could put all funding issues to bed for the foreseeable.
I’ve always thought this will be sold and still believe that, some say production the only way forward. Both take time and clearly neither have happened to date .
Some reaction to today’s release
“Looking Ahead: SolGold's Strategic Path
The appointments of Mr. Jian (John) Liu and Mr. Charles Joseland to SolGold's Board of Directors mark a significant milestone in the company's journey. By leveraging the vast experience and fresh perspectives of its newly expanded board, SolGold is well-positioned to navigate the challenges and opportunities that lie ahead in the competitive mining sector.
As the company continues to grow, the strategic guidance and governance provided by its board will be crucial in shaping SolGold's future. Stakeholders and investors alike may anticipate a period of strengthened leadership and strategic direction, potentially leading to enhanced value creation and sustainable growth in the years to come”
Fort - SOLG would not appoint Liu if a deal has not been agreed in principle with Jiangxi.
Next four weeks is going to get very interesting....
"Incidentally, for those uber-pessimists, how likely is it that two highly experienced financiers would join the board of a company that's about to go t!ts up? They will have had long conversations with SC and he would have provided a lot of detail about the current situation, which they were quite clearly happy with."
To them it won't matter if it goes tits up - they get paid a big wedge regardless of performance.
Seen it happen on plenty of other shares
Something has been afoot for the last 12 months... but due to the dwindling cash pile... I think it's what they call... 'coming to a head'... something the green line crew know all about lol!
Bob's shown a card or two in that RNS... if it was a game of poker... he's winding the other players up a notch.
The game still remains the same... until someone shows their full hand... no one is going to move. Trouble is... if some playes leave it too late... it might be too late to counter and all could be sewn up.
Remember... issuing royalty deals to businesses that are ineffect Chinese... is a bit like a chinese loan to themselves. That's where Bob can hurt BHP but smooth the way for Chinese. Royalty deals for the chinese does not diminish the asset attraction at all.
If the company wasn't up for sale, whenever a reputable trade publication pens an article stating a version of:
"SOLG shops Cascabel project"
"SOLG advances plan to sell Cascabel"
The PR guys and the execs are on the phones demanding a correction. If you are running a business you have no intent of selling, and some hack writes up a piece saying you're looking to sell it, you call them up and set them straight. The fact that no one is doing this at SOLG, and the fact that DC submitted court document stating that pretty much all of our current BoD with the exception of the new chaps want to sell Cascabel, puts the debate to bed.
FTJNY - Charles is a money manager. He is a neutral and clean skin. Currently oversees Pension coin in the UK.
Retaining Charles would be the requirement of an investor looking to sure up our internal capability prior to the business receiving a major investment and development roll-out plan
Well, one thing is sure... that explains why Valuestone and Jiangxi have not been actively buying in the open market.
It would be insider dealing on basis of Mr Lui in talks with SOLG and now on the Board.
I did think they must be locked into NDA's and as such can't actively buy like they did pre CGP merger completion... where they added 1%+ in open market at levels near 18p.
Q, I've never thought a hostile bid would emerge. Whatever comes to pass it will be done on an agreed basis and I'm guessing, but I don't see BHP getting involved. However, if we get something on the table from the Chinese I'm sure SC will consult with BHP and Newmont before going live. They will be given the opportunity to put forward their own proposals and they will either acquiesce, fail to put something forward, or will try to make life difficult, in which case things could turn hostile.
2 interesting appointments and a real coincidence made just ahead of the high level investment meetings next week. Everything about to become very clear.
Maybe 1 financier focused on Pov and other tenements with a Chinese focus including negotiating without any language barriers? The other financier focused on Cascabel and the rest of the business? All guesswork but clearly indicates something is afoot!
Seeee ya BHP
"You snooze, you lose" hats being printed as we speak
Add,
Well I think there is Solgold valuation of infrastructure, then there is the Chinese valuation, they are very good at streamlining all aspects of the works required.
As board directors they can now get more involved with the Ecuadorean government, maybe offer some additional info for a more beneficial outcome to all concerned, maybe I’m reading too much into it, but I think this is a turning point for all here
Atb
Hopefully the usual ‘Solgold sale any day now now’ crowd will shut up… well for at least a couple of days… before they start again.. I’m sure BBG can spin this to point to a Solgold buyout with some mad logic.
I’m sticking to some sort of package deal for Porvenir and Blanca to fund the next 18 months.
Quite right addicknt, I have always acknowledged a sale is possible.
I believe the difference between us, is I think the path to production is the most likely outcome, and you believe a sale is the most likely outcome.
I just think a hostile bid is off the table for the reasons I am sure you understand, and the diverse book makes an agreed sale really difficult.
Incidentally, for those uber-pessimists, how likely is it that two highly experienced financiers would join the board of a company that's about to go t!ts up? They will have had long conversations with SC and he would have provided a lot of detail about the current situation, which they were quite clearly happy with.
This is definitely positives news, although I'm still a bit confused as to why we need two financiers.