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It will be next week as there's nothing out there at all to suggest otherwise. In the past, when SOLG know that expectations are building and are wrong, we tend to get an update from some lucky pi who just so happened to have an email or ohone call returned and it was mentioned that it would be xxx month or a week or two late blah blah blah. So clearly there has been 'zero' communciated by SOLG to suggest anything other than what they told the markets via the formal RNS route on Dec 14th.
At end of the day... it's not a game changer RNS... just an updated PFS due but it will fuel the markets interest through the increased likelihood, that Alpala phase 1 is attractive to funding partners that are not just super majors or chinese National firms. Open the doors to self funding although none of us want that. But if capex around £1bln, then it's looking far more likely to see a deal struck than if it were £3bln capex and there's only a handful of interested parties.
Of course, one of the bigger mining firms may make a move to counter offer if they want Alpala themselves but they are not going throw their hat into the ring until they see a very real prospect of the asset slipping away into another's hands.
I think the market would be far more excited if the PFS was accompanied with a bullish update based on them having a number of interested parties willing to stump up the £1bln. Then it becomes even more credible. If you remember, Mather said a while ago that it was not out of the question that Franco could deliver up to $1bln in funding or something along those lines. That's still quite likely but the slice of pie they require will likely be far higher than before.
Exploration is the key to growth so post PFS update... what are Scott and team going to be doing?? If the words 'further optimisation of PFS' crop up, then I will be proper grumpy. It's time to move the business forward after having the breaks put on for almost 2 years now.
The lack of buzz and enthusiasm for the new study is symptomatic with the market losing belief in the assey rather than the management. People are just tired of hearing about what direction Cascabel is going to be taken in.
Scott is partly responsible for where we are today along with previous management that delivered studies the market wasn't impressed with.
As much as I hate to say it and whilst everyone is trying to keep a straight face, we're approaching the time for a Hail Mary. One from Bob. Needs to be a home run for the ages.
Scott also said early Q1 in an investor call too and that ship has now sailed in my book. Still, should be soon enough.
The DGR update is just mirroring the timescales that Solgold had announced:
DGR:
"A revised staged Pre-feasibility Study for Cascabel is expected by the end of the March quarter."
Solgold end-Sep MD&A:
"The updated pre-feasibility study is expected to be completed by first calendar quarter 2024."
It is the Solgold 14th Dec Cascabel update RNS that introduced the "early in the first quarter" bit:
"Expected to be released early in the first quarter of 2024"
... and I expect Scott to get a kicking (via our SP) if the PFS isn't delivered by mid-Feb.
Cod the DGR report is wrong, the PFS will be out this month, hopefully even next week.
MD&A due next week is for the period up to Dec 31st 2023. Scott said via formal RNS on Dec 14th that PFS expected due for release 'early Q1'.
So apart from the AGM event... there's not much inbetween to effect the Dec 14th guidance and the MD&A should confirm on track for early Q1. The corp update in early Jan also didn't change guidance so all on track. Next week a big week in SOLG's life and a test of Scott's running of the business as he finally delivers what he has promised to do for the last 6 months+. Apart from that PFS... he's not done much at all apart from burn through $85m in cash. Embarrassing and the market has zero faith in him looking at the sp.
I can't see any key information being included in the MD&A apart from the following:
1. Cash balance at Dec 31st 2023
2. Update on the tailings/ water disposal ground tests which commenced in September 2023.
I have no data! I'm a dinosaur when it comes to I investing , hence I'm about 60k down since 1996. Don't take any notice of me , it just looked like it was heading to sixes the rate it was going.
Fair enough gaz so it was just pessimism/pant sh.1tting rather than anything you’d seen in the data?
Always glad to be wrong if that's the result.
Notmuchmoney fair point, no problem you pointing it out. I'm hoping for the PFS early next week in advance of the MD&A Wednesday/Thursday.
Scott v Darryl, talk about choosing your favourite flavour of dog muck
Can’t we have Nick back? At least we had regular news and regular strong rises
NMM, I think I'll cope.
Note DGR quarterly report says revised PFS due end of March. Not like Solgold to miss a deadline..
Hi HereforHemo.
Sorry for nitpick, but SOLG can release MD&A on 15th Feb - i.e. file on SEDAR after London close on 14th and then RNS 7am on 15th in London. As they did in Feb 2022.
I agree, would make sense to release news before then. Last time SOLG sign-posted (11th April) the PFS update (20th April).
I wonder if they will do similar this time? Suspect not - different approaches for Scott vs. Darryl.
“Meanwhile here come the 6s”
Which L2 subscription do you use Gaz? Would you like some tips on how to use it?
Uh-oh addicknt, looks like you are in the firing line and will be added to next deramper post title!
Benefit of the doubt went a while ago for me. Frankly BBG has become completely unreasoned. Best leave him to his own thoughts and own Telegram.
Yes, you're probably right. Previously I've given the bloke the benefit of the doubt, but that's now come to an end.
Addicknt
I think when you are down as much as BBG you will attack anyone even pro SOLG posters as they probably aren’t thinking straight, which patently obvious from their rampy daily ramblings
BBG, that simply isn't the case. The fact is SOLG is more or less the only one I've commented on in the past couple of years. If you chose to go back further you'd find many posts on other stocks.
I'm not sure why you suddenly decided to confront me with this, but I'm afraid all you've succeeded in doing is making yourself look stupid.
Smells a bit funny doesn't it
12,810 posts only for SOLG and no contributions to the other shares you hold (?).
BBG, yes, over the years hundreds.
BBG you are correct MD&A must be out by the 14th. In my opinion although I've always maintained the PFS would be out in February it would make a lot of sense to RNS it in advance of the MD&A. Here's hoping anyway.
High rewards from this level 👌......
Starting to move now since the morning drop.
GLA.
Hi Addi, have you held any other shares on the LSE other than SOLG