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Absolutely no one over at DGR is saying ‘in Mather we trust’
... and Twiggy can do this via Wyloo or Fortescue balance sheet.
Twiggy Twiggy Twiggy oi oi oi
Autobots are as much a figment of peoples
Imagination as is the concept that carbon dioxide is a thermostat for the worlds temperature
58% of volume today is off book
Yep...
FOMO kicks off very soon!
BBG,
Agrred, funding $1.55bln will be within reach of a SOLG consortium if includes multiple parties inc Franco etc. It's doable. But if I understand Bob's motives correctly, that's not what he wants. He wants a full sale and whilst one scenario may lead to another, the bottom line is that a full sale of SOLG is preferred and if you assume 50p is bottom whack... then that's $1.9bln for acquisition, and then $1.55bln for capex. Payback is currently 4 years, so it becomes more like a 7 year payback project for someone. Ultimately, whoever takes it on will make billions of the next 28 years+. But initial outlay for SOLG acquisition plus capex is still near $3.4bln. Ironically... isn't that the same as the previous capex on PFS2? Perhaps our interested parties said they can do the $3.4bln but it need to include the SOLG acquisition as full capex spend?
mmmm! We might be closer than many think to a deal announcement.
Move over BHP, its now time for pension and endowments to fund cascabel. You've had your chance, now bugger off!
Mather knows that when he funds Cascabel, he will own and operate many more projects in Ecuador. In Mather we trust!!!
We don't need the morons, goodbye 'big hairy prycks'.
Funding $1,55B is going to be a piece of cake
Where is the 8p today red shouted on the other forum?
"Personally, I think on basis of PFS today, Scott is welcome to part of his 30m bonus shares at 17p. But future awards should be zero."
No Fort. Scott hasn't met any of the performance criteria for award of his options. Hence he ISN'T welcome to them.
He needs a SP of minimum 25p. Much higher in reality due to 3yr averages being used, and full entitlement at 35p+
Autobots hammering this down again...must be manipulation to keep the price down, otherwise what is the point of a multitude of trades that make little or no money...
Now the Board can do something about it, no longer held back by MPNI...
@NMM, the 20-25p estimate is for cascabel only, based on the assumption that the market would not price in any other assets at this stage. Considering it seems difficult to get Cascabel itself priced in completely, it might just be a reasonable assumption.
In theory my projections are higher (see below, and they are indeed theoretical), but I think that theory does not match reality in this market phase.
Exploration valuation = 30p to 45p
Feasibility valuation = 70p to 80p
Development valuation = 90p to 120p
Production valuation = > 130p
Best, TI
Must be imminent...they've been held back for 2 months...I expect a raft of insiders to buy now...
I'm surprised the PFS Addendum / PFS3 STILL doesn't make any allowance for Tandayama?
Why? We have MREs for Tandayama. According to today's RNS:
"The TAM deposit outcrops at the surface, resulting in a low strip ratio, offering an excellent opportunity to provide additional mill feed for up to 7 years and the potential for an earlier start of metal production from an open-cut mining method.
The current evaluation of the TAM deposit is not at a PFS level and is, therefore, not included in the Cascabel Project economics presented above or in the PFS mine plan."
Surely near-surface, early start production is precisely what we need for a lower Capex start-up?
"Material uncertainty" is a standard clause...
They could do another 0.5% steaming deal at the drop of a hat...
Mini cascabel has to be worth $2bn alone then there’s the rest of the mine to go at (some 80%) with the profits
And the two smaller finds can feed into it all
All it takes is one suitor to show their hand. We’re close
KapilD its Sangha who is in charge of the financing...massive experience e.g. Wyloo Noront...
TheItalian - "20-25p target" - careful, you'll get called a deramper!
Out of curiousity, is that target for Cascabel only? I.e. attributing zero value to Porvenir and regionals?
Best wishes.
Totally agree JMA46...wealthy people making money from driving good companies into the dust..
Oh how massively wrong you were triumph...
And Scotty already did a streaming deal to Osisko..
On a side note, if you look at the past raise and royalty deal done in late 2022, Bob and co clearly thought it would get them to June 30th 2024. If they thought they needed more then they would have got that away back then. So based on that, it's fair to assume that the 157m CGP shares that Scott has cited a few times as potential for future funding with zero dilution (as already in issue) would have been valued at around same price (in their minds) so at 16p, that's not far off $30m. That would sort a further year if they required it.
So if this is a game of 'playing for time' and remember, we've already been told that the Chinese have been kicking tyres for sometime now...then the way to put pressure on management is to suppress share price and limit the impact of those 157m shares. Royalty option is still viable and Chinese or BHP et al really don't want that to happen. So it's dangerous if they push SOLG into doing another royalty... that in effect counters the argument above. But overall, I think it's clear that this has run longer than Bob previously imagined. Chinese new year ends next week so you never know... news might drop when you least expect it .. bit like today's PFS.... not many thought that was coming until late March.
Personally, I think on basis of PFS today, Scott is welcome to part of his 30m bonus shares at 17p. But future awards should be zero. There should not be any further bonus share awards based on the sp performance and the weak cash balance.
So Pfs the day after MDA...mid Feb
Gold assumption 1750...still low...
IRR 24%.. a 26% improvement...
Gold at 2000 would take it up to 27%...
Bring on the bidders...
The PFS may not recognise it but potential bidders will. Gold will be a lot higher in the years to come so this is looking a steal
Forget the copper that helps pay for the mining of the gold if nothing else
That's fraud drake.
Grow up!
SOLG has also been one for the traders and long termers and for those that do a bit of both. For the likes of Bob and Mather et al, they only really have one option and that's to hold and get a deal away. So in the end game, they are aligned with all shareholders but it's the inbetween process (as you say) which often feels like they have chucked pi's to the wolves. Not all pi's can stomach the ups and downs. Some with leverage or mis timed trades get burned ... and so they should as that's gambling no different to horses or fruit machines no matter how sure you think the outcome is.
Bottom line... the asset is back in the window and it will catch more attention now that many can afford it.
Furthermore, as we are led to believe, interested parties have been in the data room for well over 18 months now. So some will be very very advanced with due diligence and others will be readjusting their views or returning to the table.
I know it's cynical... but if I had no scruples what-so-ever and cared nothing about reputation, then I would place those 157m shares into my mates hands or offshore unrelated accounts .. double my holding from 155m to 312m placing them at 9p or something and then within a month or two... recommend an offer via some entity for 35p a share.
Like Bob said... no one cares about individual circumstances or pi's vs investment funds.. no one cares... but the only think that they all care about is making money. Some will make more than others. Indeed Bob... some will.
Remember, at 6.4p a share you all have a chance to add to stock if you can afford it. If you can't... that's your problem... that's Bob's mantra and a sad one at that unfortunately. But that's markets for you. They lean to the insiders... they benefit the rich.