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It’s clear that more money will be needed at some point without a monetisation event , it’s also clear there’s no need to dilute at these levels, CGP shares already on the register, another streaming deal or even an asset sale.
Plenty of alternatives
7.80p has got to go today.
Got to be the best stock on the main market for growth.
Gl all
Another corker from bbg. Him and novice are desperate to mix it with the rampers but their tiny child brains just can't quite manage to give them anything believable to say.
Bbg, I'll make it simple. Solg can't sell cascabel, which they've spent millions de-risking. Do you honestly think there's a queue for porvenir?
I'm not sure why this issue is so controversial because the position is crystal clear.
If there isn't a transaction which releases cash we will need to raise funds. If there is one, we won't. (I'm not referring to funds required for development, but merely working capital. If the team lose their marbles and decide to attempt the production route, it goes without saying we'll need an awful lot of cash)
Just like any junior explorer we have a continuous requirement for cash, as our history so ably demonstrates. Why is this so difficult to understand?
What's today's forecast manchild.
Onwards and upwards.
Mrprt.
The award for the funnies post of the week. No make that of the year.
goes to you.
You of all people telling others off for making up stories.
Just remind me. How many top ups have you done to date. I think I make it about 13.
You really are a funny man.
Stranger to the truth I admit, but your post is hilarious. Hahahahaha
A very healthy 63p!!!!!! now that would be very nice!!!!, if we were to achieve anything near to that. i maintain my Buy!!! position.
Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://research.hannam.partners/open/a46df27a-8def-48a6-9cb8-e57c7c83b1fd/Solgold_45_20240220_PFS%20Update.pdf/18af17af-357b-4bae-8e86-646f3d251546
And if you look close enough, you can see the pigs flying in the distance, too.
The stars are aligning
Here are the two screen grabs from Willem Middelkoop X account, if you want to read the Hannam note
https://twitter.com/wmiddelkoop/status/1760029587646390620/photo/1
https://twitter.com/wmiddelkoop/status/1760029587646390620/photo/2
The question is how much much and discount?
For those wanting the Hannam note, Willem Middlekoop tweeted it earlier today.
Seems positive, that SOLG could retain a similar NPV given inflationary pressure, phased approach and significantly lower capex.
TSX is utterly irrelevant, the tail does not wag the dog
The volume there is pathetic usually at best a few hundred thousand but the other major issue is the fractions the price runs at which distorts gains and losses
0.13 to 0.14 for example is a pretty big leap
It’s best to ignore TSX completely, it has zero relevance to this stock
SOLG ended 17.3% up on the Canadian market so hopefully that bodes well for tomorrow.
Adieuk32 - can you explain what you mean by:
"Ecuador government have 3 months, from December-23 to approve the development"?
"then Solomon Gold have 6 months to execute the development plan"?
I think you are confusing with the Exploitation Contract. But I've no idea what the '3 months' bit relates to?
Equally, I'm unclear of the significance of filing the Technical Report on SEDAR within 45 days. Surely that is just a formality, PFS financials and details are already disclosed to the market?
I agree you've entered at a bargain price though.
So Adieuk32 appeaRS AND NAL FKS ORF. I think I have dementia
Have happened
Not much money
Yes I also knew that the main Technical report will be out within 45 days from the 16th February.
Ecuador government have 3 months, from December-23 to approve the development, then Solomon Gold have 6 months to execute the development plan.
The clock started ticking, back in December-23, this would not of happened, without a 3rd party backing.
Next few months will be very interesting, hence my personal investment decision in this company, at a Bargain price.
Gl all
I would suggest the house broker is as desperate as us.
I don't mind 63p but the target has been slipping. It was 78p not long ago.
They are gently massaging our expectations and reducing to their intended price. I guess that's bodes well as we know the house broker is the mouth piece for the company when it comes to value expectations.
Hi NMM the link has been posted a couple of days back just need to scroll and find the relevant subject header, but yes it’s all there between 45p to 65p very nice indeed
I'd be grateful if anyone could share a link to the updated Hannam note / price target?
Be interested to see their views / risk adjustments.
Adieuk32 - you know a PFS was produced for Cascabel in April 2022?
For those concerned, the Northern Miner article was released 4 days ago.
And, the Hannam & Partners price reiteration was released today!