Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Ode to Mrs Kalbari on Mothers Day
Dear mother of mine on this special day,
We celebrate you, in our own special way,
You light up our life like a Solg RNS,
My present to you, a Nick patterned dress.
And don’t drink too much like my old Solg pal Pad,
A Barbie and tinny and we’ll toast dear old dad.
All day on the beach drinking wines, ales and ciders.
And finally watch out for those damned Shyte house spiders.
Best wishes
P
Sorry Bozi, I can't remember where it appeared, but I know for a fact it did - somewhere.
Add - do you have a source for that? I can't see one in any of the strategic review commentaries.
I know we had an open discussion on here about potential timeframes given that the implication was that the review had begun before the merger was announced, and end of 1H felt like a natural target, but I don't remember the company actually saying that.
In one aspect, the SR is a simple concept. Being "strategic", it is about aligning the company to a target audience, in this case investors since it has been stated that the primary objective is to sell.
The way to do that is by "advancing Cascabel", which implies various activities, from cutting costs to narrowing the priority list to redefine the resource and the costs and techniques for economical extraction, to arranging finance.
So "advancing Cascabel" is a pre-requisite to make SOLG appealing to finally elicit a bid from someone. This is plan A.
Naturally the SOLG pill might be too difficult to swallow, so in executing plan A is also a milestone for plan B, which is the case where no one buys us and we need to either find JV partners (plan B) or develop ourselves (plan C).
So, long story short, let's not confuse the strategy of cleaning up the house to make SOLG marketable (=the official line of "advancing Cascabel") with the strategic objective of develop ourselves (=what some think that advancing Cascabel means).
Than again, this has always been the idea, even NM was trying to dress up SOLG for a sale except that he did not succeed and actually made it even less appealing to the majors.
Just my personal opinion as usual, GLA.
Q, in my opinion Rule was wrong about that particular point. There are other outstanding issues which will have far greater weight than a financing package, which in any event can't be delivered without a BFS, and that's not even on the horizon.
Bozi, in answer to your question about the SR delivery, yes, they will. They committed themselves to delivering an SR by end of H1 and creating shareholder value. If they don't, they will have failed.
SharketMare I don't disappear, I just post less frequently these days.
As far as I am aware, it's not in an RNS, but was mentioned in the last webinar.
Quady, you seem to 'know' that, but every time one of us highlights from the relevant RNS what the strategic review is actually about, you disappear. They don't mention the words 'advancing Cascabel' once.
RR is entitled to his opinion, which is contradictory to the company's stated position that Cascabel has been 'adequately studied'. I have seen no evidence whatsoever that new management is pursuing financing options for Cascabel, thank heavens.
It's clear as day that we are up for sale, it's just a question of whether we can find a buyer.
SharketMare we know that the strategic review is about how to advance Cascabel.
It's about financing and planing.
As Rick Rule recently said, we need to put the finance in place before anyone would be interested in buying us.
That is what the strategic review is about.
It's about advancing Cascabel.
Padmaster. I've now counted at least 6 who deserve a ditty. Not sure what the weather's like over there old mate. But if its wet, it will give you something to do. Mothers day here tomorrow. Couldn't write a little ditty for my old mum could you. Have a good weekend. I'm of to a Barbie, so you won't catch me tonight. I will keep an eye out for spiders though pads. Lol
Bozi, FYI, I no an awful lot of history about solg, for someone who doesn't hold shares. Since I started posting I've been everyone but the pope. I'm an infetser an imposter, I'm payed by lse to disrupt. I'm a Blackrock stooge. It's just possible I'm none of these, but it's easy to side shift onto me, to detract from the facts. Also, it's interesting to note the rumblings from the troops regarding the way solg is run. It would of been unheard of 3 months ago.
Case in point - none of the capital letters I typed are showing in the below post.
"if the sr hasn't delivered anything of note before 31 dec 23 they will have been at it for a year whilst doing relatively little else apart from letting people go."
and getting paid via salaries and free shares too, bozi. imo there is no way they can justify not providing an update on the sr before h1 is out. as stated the other day i think we will get news that they are "in discussions with interested parties" with scant little else, buying themselves a few more months to get a deal done.
but we have to be prepared for the scenario that covgaz alludes to whereby we see an rns stating that the talks didn't bear any fruit or the potential offers didn't reflect the true value of the business. at which point in absence of a robust and credible plan b about the way forwards, the share price will tank.
it's a **** or bust play now and people should manage their positions accordingly. upside is potentially massive, but the downside could be very painful too.
p.s. this website has gone to sh*t after the updates - sort it out lse
That's a matter of perspective Add.
A hypothetical question.
If the SR hasn't delivered anything of note before 31 Dec 23 they will have been at it for a year whilst doing relatively little else apart from letting people go.
Who becomes the mis-management team then?
Mather who produced the Cascabel discovery, 3 MREs to derisk the deposit, a PEA plus a deposit at Porvenir.
Cazzubbo who was in position for a year, producing a PFS for Cascabel and a satellite discovery at Tandy.
Or
Caldwell and Maxit who will spend a year talking to Citi, talking to major shareholders and little else
At least the current mob are well invested. Our saving grace.
Some truths being posted here , as per usual the rampers don't like it one bit. I too fear for my capital should the SR not be up to peoples expectations , I see 8p incoming. And no , I won't be selling because I think that , I may be wrong and pig headedly I would rather lose the lot than sell now. Its only 32k , wtf.
Fort,yes just seen that
I fear you're scraping the bottom of the barrel. It was a total red herring - note how there was no similar delay with producing the merger document. Anyway, it's ancient history and so is our old mis-management team.
Addicknt, for all we know, they may have had one person working on it and then you have the checking.
Plus this was when we had COVID.
Q, it wasn't a particularly technical document - in fact it's all pretty standard. The translation excuse was total nonsense and I suspect some people within the company were embarrassed that it was ever put out there. It made the company look foolish.
Smickster I have worked as a technical analyst for decades and I can tell you that technical documentation of over 1000 pages to be translated from one language to another can take a team of people over six months, and you still end up with errors.
I have no idea how big the documentation was but over a year is not unusual.
You cannot run it through Google translate.
Is that how flimsy your logic is Smickster? Wow.
Many of those entities invested years ago when everything about the company was different.
Jiangxi are the only recent equity holder and they got what I'm sure many would consider a favourable deal for their 6%.
But
BHP, NCM and many other large shareholders are under water on the shares. So yes that makes them wrong for now.
FNV and Osisko have debt investments, again in quite favourable terms. Tiny fractions of their portfolios, but right here right now they will be aware that the chances of seeing first ore and first revenue at Cascabel before 2032 are slim.
You don't think it is Smickster?
I can't do anything about it. I'm not smart or influential enough. Don't have the charisma or gravitas required to start a movement that drives change for the better.
But politically for example, some forum members dislike the fact that right leaning governments around the world are being ousted for left learning opposition, and the implications this can have for mining.
It's OK saying "we need copper". We also need to be able to extract copper and it feels to me like obstacles are being put up rather than taken down.
I get that you're defensive because you think that anyone less positive is harming sentiment and possibly your investment. For me it boils down to the company as it is. I don't like the lack of detail around their plans, I don't believe Maxit are heavyweights capable of getting the job done and I have serious concerns over what happens if the company doesn't have a proposal worth putting to shareholders in 2H of this year.
I'm nothing like needalife. You know I've been invested in this company for years and a contributor to this forum for years. Needalife clearly holds no shares but pops up to disrupt.
Quady, there is nothing to add as we have largely been given the silent treatment by solg.
You say it hasn't been badly run but PI have been largely relied upon for votes then nothing given in return as to what's happening.
You cannot rely totally on the veil of a strategic review. There are plenty reasons PI think this has been badly run and quite frankly I agree with a lot of it. We only have to look at our pfs debacle and translations that take over a year to realise something strange is going on.
So we wait for this miracle of SR and hope we have some calcification what's going on with funds and that it's not just another year wasted and more free shares given out.
Smickster if I may intercede.
Solgold is not badly run.
We have gone from hole five to a world class deposit.
We have had to contend with COVID and political change.
The only people on here who think it's badly run, are those that don't understand that this company is in it's growing phase.
We should all await the strategic review to see the next step and stop this completely ridiculous idea that people are going to bid for us.
Seriously if anyone says we are going to be bought, then they should back it up with who is going to buy us and between what price range.
Then they should back it up as to how they have come to their conclusions.
The likes of certain people on here have been screaming infestor, deramper and other insults for years, but have added nothing to the debate on Solgolds way forward.
Surely even if most hardened in their positions can see this has some way to go.
NAL there is nothing wrong with facts even if they are on the negative side and most holders are aware of the downsides here.
However you and a few others take the biscuit with the negativity here and not one person buys that your here solely to counter the rampers.....its crooked to the core.
Anyway soon enough we shall find out what's going on with solg and we hope its good news and you earthling will still be peddling fear somewhere on bb to earn a crust......I hope it pays well.