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There’s been abuse every day for at least a decade!
They can do what they want with them. Hopefully nowhere near these levels. There would also be no further dilution.
It could well ruffle a few feathers but at this stage who cares.
Looking forward to a good couple of weeks let’s hope they deliver on time and above expectations for once
Can the Company put the cornerstone shares up for a "BID" to the highest bidder, if and when the time comes to raise cash???
or would this just aggravate existing Institutional holders?
Judging by the increase in the incedence of abuse, I've come to the conclusion that something is in the air apart from the usual bull shyte.
Stack - found this in novicehunter's posting history
Says it all really..
"You do and I'm ringing the police. Makes no difference to me as I don't know what i'm talking about most of the time. but hey riches are just around the corner so F-ck You"
Indeed DGR may become the starting gun for the shootout here.
... will move quickly ..... https://www.youtube.com/watch?v=vaG8pQt8l7o....
Paddy 100% certain they'll hit their deadline.
They won't need a cash raise if they are selling it.
DGR has zero coin in the coffers and they don't seem to be too worried.
Revised PFS will force hands to move therefore perhaps more is afoot
Does anyone really expect the company to hit its self selected deadline for the PFS?
If Solgold are not attending PDAC, it’s more likely because they want to avoid having to fend off all the obvious questions, and having nothing to share or discuss since the company is mothballed. Their showing there would be embarrassing.
HFM I actually meant to say PFS out by Wednesday, and it's my belief that needing cash by the end of Q2 is the biggest driver to move this forward.
Well, one thing is for sure, cash is slowly running out and the next option to raise capital must be the banked cornerstone shares. If they are to be sold to a strategic, the board have to work their nuts off to get the sp up so someone doesn't get them for s song so catalysts must be coming. Thanks for the update on the PFS 2 Hfh, might just add Monday or Tuesday as surely it can only lift the sp from here. ATB, C
BBG Not sure the timescales fit with your scenarios. Its my understanding the PFS will be out next Wednesday so if there is a bid it'll have to be quick for it not to see the light of day lol. And i would assume the sale of Porvenir would be more likely to be included in the strategic review rather than related to the PFS? However it plays out there seems plenty on the table for SOLG to monetise one or more of their assets in the near term, if not the company itself, and as you point out, when the SP moves..it moves quickly.
Do you mean it will move down quickly?
October 9th 2022 42p - 4th Feb 22p
17th June 2022 35p - 7th Oct 17p
8th Sept 2023 - 15p - 22nd December 7p
Buy on rumour sell on news!
We have had the rumour of the revised PFS, what will this look like after people selling on the news…
"the market yet again losses confidence in the CEO's ability to forecast anything.."
Ship sailed. Horse bolted. Share price crashed. And to think, some here thought DC was bad for solgold.
Bbg says everything is fine. If you want to reassure yourself (!), read his back catalogue of claims. He's like a human crystal ball 🤣
Subby - BHP would quite happily let it slip away.
They have £100m invested give or take. That's nothing to them. They could easily just write it off in their accounts.
Same with Newmont, same with Franco, same with Jiangxi, same with Osisko.
They're all massive corporations that can absorb a loss of their investments in a matter of weeks.
It's PIs, the Maxit/CGP crew and Nick Mather that stand to lose the most here, and it's that which keeps the investment case in tact.
Fort - where did he promise anything?
You do know what a promise is, right?
Is Q1 not until end march
Fort, you seem so sure and optimistic about Sol, if what you say is anywhere near true. Why on earth are we sub 7p
I’m beginning to think we are drifting down to nothing! The only thing that keeps me up is the fact that BHP have so much investment, surely they wouldn’t let it all just slip away
'The proposed release of the revised PFS date being 'early q1 24' has come and gone"
Nope... it hasn't gone anywhere and is still firmly in place. Scott has up until Wednesday of next week to meet his promise.
Miss that early q1 target and then it becomes vague and the market yet again losses confidence in the CEO's ability to forecast anything... apart from his future bonus awards of course.
You could also say that if the Early Q1 promise is missed then it looks a bit like he deliberately hoodwinked investors BEFORE an upcoming AGM to win votes. Only then to knowingly kick the can down the road. Mmm... Scott has a lot rising on that PFS and missing deadlines not great. Lets hope the PFS is not like his much heralded website update.
So why are we assuming that scenario 2 (angle 2) is currently playing out?
- BHP gave their support to Caldwell at the recent AGM (they have never done this previously for any SOLG ceo).
- It seems we are not attending PDAC in 4 weeks time. This is odd considering it is THE biggest mining event for junior miners to present their opportunities to potential financiers / partners.
- The proposed release of the revised PFS date being 'early q1 24' has come and gone. The recent update from Solg on 22 Jan confirms that it is nearing completion - this is vague.
Whatever scenario plays out, we are in for exciting times!
There is no way in hell operators like BHP or Newmont will want Scenario 1 to play out.
BHP is in a pickle because either way, they are going to look like idiots in the future for a) not making a proper move earlier, and b) for making low balls bids which are countered by a much larger realistic bid (thanks to the Chinese).
My bet is SP will be walked back up to mid 20's/30's quite quickly with first bid at the price which BHP first paid being 45p.
What happens after that will be illustrated in chapter 14 in Mathers future book.
2010
5.23p on 3 September
44.34p on 24 September
2016
6.38p on 5 August
28.00p on 28 October
2018
21.65p on 21 August
41.40p on 19 October
2020
12.52p on 20 March
26.50p on 20 May
23.00p on 17 July
42.05p on 9 October
2021
21.25p on 19 March
35.25p on 4 June
Since 3 Nov 21
- BHP admonished by Twigger;
- PFS released; DFS planned
- Cuzzobo retained and then binned;
- Ossiko royalty (BHP/NCM already confirmed their frustrations in 2020 for the Franco royalty deal)
- Caldwell retained. DFS plans paused.
- Revised PFS being designed to promote phased approach (in order to low upfront capex bill). Being designed to attract larger pool of smaller investors.
- Environmental Approvals and Confirmation received from govt in order to commence development decline shaft.
What will Q1 24 entail?
Scenario 1 - Release revised PFS + Royalty + sale of porvenir = greater value extracted for SOLG and allows development of Cascabel to begin, allowing current manage to develop a producing mine in several years time.
or
Angle 2 - bid received and auction commences. Revised PFS does not see daylight
Our walk back into the 20's-40's range will be imminent and as quick as previous times. The real question is, how far beyond 40p will it go this time. My bet is beyond 120p
We're we currently sit is absolutely fine.
refer to the attached linked. https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/
Do valuations get walked down or up pre bid?