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Quady, I refer you to my earlier post ref your views.
CLUELESS
SharketMare I don't have the answer to your question.
But I can speculate.
For example we know we are looking at a first cut which at a later stage convert to a full block cave operation.
So lending can be staged.
We may do another royalty or offtake agreement to fund our share.
Then a JV partner buys in once they know the lay of the land to fund their share.
We are told that we have many parties looking at the data room, so if that is the way forward then we have competitive tension.
Lastly more shares can be issued in a limited way.
For me the important part of the strategic review is how much lower is the first open cut ramp going to cost and the associated infrastructure costs to get us to production and start providing revenue.
I believe it's going to be a lot less than 2.9 billion dollars.
Agree SM - amateurish.
The problem with SolGold is it has convinced us investors that it can only work on one thing at a time.
I'm not sure what current headcount is but even with 100 employees the company should be capable of multitasking.
Bob and Dan are leading the SR and I'd assume their being contracted, so it still leaves 100 employees to manage comms with govt, work on a Cascabel optimisation, do some regional exploration, update the website, etc.
But we seem incapable.
Quady. Explain why bhp, the Chinese or whoever, would invest billions in solg, who are running out of money and desperate for a buyer. To become the junior partner.
I should stick to chess, because your clearly clueless on joint ventures
Moreover, why would any major with "deep pockets" want to be a junior partner in such an arrangement?
Q, if we do go down the JV route I struggle to see how we would retain majority ownership. I don't think we have the credibility to raise the requisite funds in that scenario to fund our share of development.
Just for clarity shark.
Your post from 4th sept.
" I bought back in to SOLG last week ~15% lower than when I sold. At the time you claimed I'd be buying back in around this time at a much higher price."
So to repeat my question. Why buy back in last week. To complain about solg management this week.
Sort of takes some fathoming out.
Good morning SharketMare.
I believe you are correct on signalling that we will continue to burn cash to anyone who wants to buy Solgold.
But I don't believe we are going to be sold.
All the indications are we are going to production with a partner.
I also believe we will be the majority stakeholder and we will target the high grade gold at Cascabel. Possibly Tandy.
Shark. What seems strange to me is. you sold out in april.
You then say you bought back in last week.
Today your bemoaning all and sundry about solg again.
Yet the fact is, nothings altered from last Friday when you claim to have bought in again.
So my question is. Why buy back in, in the first place.
Your posts get weirder by the day.
Maybe time to sell up again
I would add that I am banking on some sort of deal before we reach that stage, or else I wouldn't be invested.
Bozi, what frustrates me is that we've also flagged to the market and any potential buyer when we will run out of cash. In absence of a bid from a competitor, a sitting on hands approach for buyers until we near that time seems to make sense, as the company is doing very little other than negotiating (important) agreement with the government.
The updated Cascabel PFS in Q1 is going to have to be a real rabbit from hat moment from Scott if we want to have any chance of further fundraising next year at a price that isn't single digits.
Yes - this isn't an orphan period in the way the asset development cycle means.
The asset development cycle relies on a middle chunk where exploration subsides and studies take priority.
SOLG released the PFS 16 months ago. They're not working on making that study bankable.
We're in a period of prolonged drift because Cascabel isn't really viable unless they come up with a smart way to get at the high grade core earlier and someone with deep pockets agrees to take it on.
As much as none of us like this it is a distressed asset of significance.
Https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/
While this period sucks it does seem to sum up where SOLG is today and offers some hope for 2024. Any thoughts?
That's funny, you saying Caldwell not replying to emails.
He's finding the time to phone skippy.
And by skippies account of the phone call, it was all pretty jovial. Caldwell telling him solg agenda and even bringing his wife into the conversation.
.
I guess he prefers the personal touch, as opposed to emails.
Is anyone paying you $112.5k a year Fort? :-D
Totally agree DM.
Just more endless talking from the company with no outcome. I am not surprised Scott isn't replying to emails. Pointless having another webinar where we are not allowed to ask him the tough questions.
Denver Gold Show 17th September onwards, Solg are there. At thus rate I don't think we'll get anything new to boost the SP, but you just never know! C
Might be a coincidence but see Osisko involved with Cornish metals. I wonder whether Cornish Metals are paying Fawzi $450k per year?? My guess is he'll be lucky to get 25% of that. How the mighty have fallen.
Shark, interesting you used to rebuild peoples reputations.
we've got a fella on here who told us all, solg was a s``t show. back in April, and he said he was selling his shares and getting out.
funny thing is, he has kept posting on the board as if he's still a share holder.
that's a bit weird, wouldn't you say.
or the other scenario is he didn't actually sell up. he was just lying to try to impress the gullible.
either way, most people on here now dont believe a word he says.
do you think you could help rebuild his credibility.
the fella in question is called sharketmare.
Shippy,have you not thought to ask the fairies at the bottom of your garden.
if that doesn't work, ive got a pet pink flying pig, I can always get him to drop in on you, or maybe one or two of the fellas on here who have insider contacts can help
might help, just a long shot
Hunter.io is very good for finding email addresses. In a past life I had to track down bismirched celebs and other disgraced figures and offer to help them rebuild their reputations. A morally challenging job at times.
Shippy, the obvious question here is why you feel the need to get in touch with Fawzi?
Thanks.
I can nearly walk to south Crofty. I'll give it atry
Not got contact details but I'm sure you could work it out based on other email addresses at cornish metals as that's where he's gone to...http://www.cornishmetals.com/
Anyone got a non solg email address?