Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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RK, yes, SM has already provided clarification on that point.
As for the rest of your post, was it directed at me?
Addickt...The MD&A made clear that PFS3 work IS continuing, including in Q1 2023/4.
The PFS will be delivered in Q3 2024 (i.e.Jan/Mar).
The purpose is to reduce the costs and increase the revenues to make it even more attractive.
And will those saying the company will be sold cheap pleaase desist.
Solgold will be BOUGHT by the highest bidder. Do you seriously think BHP or Newmont would stand aside and let the Chinese buy their shares for less than they paid...?
We have enough cahs till June 2024; there are the CGP shares; and another streaming deal would be a walk in the park after the Lumina deal...so cash isn't an issue.
We are just waiting for the first bid(s) from the 20 interested p[arties in the data room...do you think they're there for fun...?
Meanwhie, copper and gold are on the verge of taking off and that might just kneejerk them into action.
Rehearsing youir worst fears on here adds nothing.
There has been a For Sale sign on SOLG since 6 October 2022.
ALL Junior Miners are beaten down...even big miners are trdaing
Even the big miners are well down, with BHP and RIO for example yielding over 9%...
Gambling your retirement fund at 24p, not being able to take advantage of multi year lows despite posting how you bought at every bottom and sold at every high as the sp dropped.
Do you and your cousin have separate padded cells in you rented 2 up 2 down, or do you share your cell so you can reminisce what it’s like to have enough money to heat you cells……
Once a munter always a munter, pop over and see your mate George so he can send you off on another wild goose chase.
It isn’t nice watch people lose their cash but exceptions can be made for a sad individual like yourself……I’ll get some popcorn for your next mad instalment……
Karma is you here everyday posting about a share you are not invested in - a sad and empty life and one that you deserve.
Teslaslug, you were clearly taken to the cleaners by the rampers and pump and dump crews with Star Phoenix - you were ramped and pumped and dumped in a typical AIM dog and now you've put on your little caped crusader custume to go after what you see as rampers on here, you silly little man.
Your constant lies about me don't even add up - you have a lot of anger but very little intelligence. nasty comments about mental health reflect your own feelings of failure and loss of control, not having a penny left after Star Phoenix it really hurts you to see long term holders keeping faith here and/r doing a little bit of trading in the meantime.
Hurt people hurt people they say - and that is what you are doing here. An extremely inadequate and bitter individual, you envy and resent me even though I've done very little to provoke it. Your lies and fantasies, and your abuse towards me and other long term holders on here are just hile sfor yourself and you keep digging deeper and deeper.
You're just a dafty mate.
So what's the plan for Teslaslug, 1984Slug and needaslug this weekend? Chat about immigrants and how they've stopped you from making something of your life - as usual?
It's like the Enoch Powell fan club here. very odious. To paraphrase Paul Weller, you smell of pubs and Wormwoods Scrubs and too many right wing meetings.
Go do something better with your weekend you dafty.
I am extremely happy watching you lose your retirement fund.
No spare funds for your psychiatrist sessions which you, and your cousi,n obviously need.
I think you’ve been listening to your mate KG7 too much, obviously lost the plot as well as all your dough…..
Karma
There used to be regular updates because we used to do exploration, and so had news to release.. Now we are a lifestyle company for CGP.
Pipe down Teslaslug you absolute dafty.
Losing your shirt on Star Phoenix has made you very bitter hasn't it?
What were you thinking? StarPhoenix? It sounds like a company that manufactures those plastic gold waving cats you see in Chinese takeaways .
Toddle off now, the adults are talking - unlike your 100% lost investment, SOLG still has a fighting chance.
Why has the company failed to deliver updates on resources there used to be regular update and over 12 months nothing surely not right and why share price has tanked ?
They probably haven’t got pristine padded walls with red crayon marks all over them
Mr. Twigger, Chair, and Mr. Clare, Non-Executive Director of SolGold, jointly stated:
"Our time at SolGold has been marked by significant progress and the consolidation of the Cascabel Project. The company's current trajectory is highly encouraging..."
Current trajectory highly encouraging? Were they holding the chart upside down?
Given we are nearly 200 million off our spending commitments for Cascabel in the current IPA... I am sure they are also questioning our credibility.... Especially as we try to negotiate a new one, whilst having mothballed it.
Absolutely SM, no credibility whatsoever after the last 12 months.
It's the contradiction to all the arrogant statements around merger that annoy me most. CGP "know it better than everyone else" berks. Big-headed plans and promises, no execution.
Will be interesting to know what favour they still hold with Govt. Or whether that is hot air from Scott as well.
One thing is for sure, the resignations were not planned and something has most definitely forced their hand. You don't get yourself in a situation of announcing the resignation of a chairman without having a replacement lined-up. And as someone else pointed out, Twigger has only recently ponied up more cash for a share purchase. As ever with Solgold, nothing is straightforward.
Summit …. Yep
Plenty incentivised here to do a job
Add, I think the strategic review was launched prior to PFS3? I sold out when Scott did that interview announcing the "phased approach" with a ridiculous timeline against it, because it clearly marked the end of the (short lived) "fast and smart" mantra.
As always with Solgold, we're left guessing, poorly informed, wondering whether the company actually has a plan, let alone whether it is capable of delivering it. My guess is that we are producing MRE4 and PFS3 so that in the event we don't find a buyer or a JV partner, we have a more realistic chance of going it alone and raising the requisite finance to do so. There is no way in hell this current management team would have been able to get away a fundraise for the original mine plan IMO. Generally speaking I feel our credibility has been shot to bits over the last 12-18 months.
Seems to me you clear the decks pending exit 🤔 ceo has skin in the game so aligned
True to form the share price not reacting well to the CGP boys RNS. Sp seemed like it was getting into better waters but good old Scott and MAxit are there to slap it back down!
Can't have it rising can we boys?
Add - I do, but to coin a Cazzubbo phrase, there's a element of plan B be getting plan A about it.
We decided to stop pushing new cabs and instead we're repairing and painting the old cab before we send it to auction.
1984 - that's just your view though. I don't know how anyone can justifiably hand the keys back to the same rabble even when you consider what has happened over the last week!
That said, new lows of state behaviour and standards are being normalised all the time.
I do however believe that this lot have used any pass they may have had, and I'm not saying that to wind your or anyone else up. For example, I don't think I need to ask for your view on Sunak's claim that he halved inflation.
People have had enough. If they vote for something more terrible it's because they've been driven to it. I'm not faulting them.
SM, yes it was, so thanks for clarifying. And I agree with your comment about Mather - it's not typical for an NED to make this sort of comment in an RNS.
My main point is that if a new PFS/MRE/mine design etc is critical to maximising value, why did we commence the SR simultaneously? Wouldn't it have made sense to wait until we had all the info available?
Add, in case your comment RE lack of work on the PFS was because of what I'd shared on here, the document did state that some of the technical work would be done in house (which we have to hope is underway, god knows who is actually leading on that though), and then a third party would be found when required. Direct quote:
"-Engineering of the elements required to advance the study will be conducted by SolGold technical personnel; and
-Required third-party engineering will be sourced through a multiple-bid process and awarded to qualified firms
based on quality, cost, and schedule"
Reading the second part of that to me implied we haven't gone out to tender for this work. Perhaps we have in October/November (as the doc in theory only an analysis up to end of September), but then again we do reference activity that has taken place in October/November elsewhere (e.g. under Government Relations).
I'm not too sure what to make of the resignations. I don't think the two of them would have been voted against at the upcoming AGM other than by the usual suspects. I found it interesting that Mather was quoted. First we've heard from him for a while.
Bozi, do you not think we're pursuing two separate and contradictory paths at the moment? On the one hand we've opened the doors to all comers and have said we're open to anything, and on the other we're supposedly working on a new PFS, funding etc. The matter was further complicated by the suggestion in the MD&A that we're not actually doing any work on the PFS. Which is it? A question for the AGM, I think.
I understand Fort's frustration, but I do think he's terribly mistaken about SC, notwithstanding what I've just said.
Don’t agree bozi. Replacing something terrible with something even worse for the sake of change is totally irrational. But hey, people are so stupid they’ll just do what the bbc tell them anyway
As for Scott, let him finish. He’s not moved to a s.h.it hole like Ecuador for the long haul
It wasn't an issue for you when the merger was announced Fort. Why not?
After all, Maxit have previous here.
Your argument is slightly contradictory. Let's go ahead and vote Scott out for example - what happens then? Maxit appoint another proxy and charge themselves another pretty penny for doing so.
The options are therefore to keep with Scott and hope he can sell it in 6-9 or bring a new CEO and BoD in and reset the clock to 18 months+.
That should tell you who your turkey is.
FTJNY
Nonsense... vote Scott out and you'll force Maxit's hand. Between Maxit and Mathers et al, they hold enough stock to make sure BHP don't run riot. You need to look at the share register and realise that there's not much BHP can do.
So you can vote for turkeys again at xmas like you did last year or you can try and inact some change and apply some pressure.
They've blown $70 this year on what? And you want to vote them in? You're not throwing away the keys by voting Scott out but you might be regaining some level of control by doing so. These CGP boys are wrecking this business and profiting themselves. Have you seen the fees that Maxit have raked in this year from SOLG?