The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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HFH ….. agreed
And re Scott’s (supposedly throwaway) line re 30c US my take is the lower the starting number the more competitive the situation will become and that’s what we all want at the end of the day .
Time to divest ourselves of a non core asset or two to spice things up?
Here is the link Quady:
https://youtu.be/bLeCuwDyEU4?si=oDS4WQ5oK9zJ0cg8
Sorry Add, I should have been more vocal regarding the low esteem I hold for SC 😆
Sadly, Sean seem even dimmer than SC. Hence, don't hold your breath for a response from him!
1984 Apologies, I should have said Barrick AND 1984 lol
RE: As if we didn't know :)11 Mar 2024 23:04
DBW that's the good thing about Cascabel, whilst some will look at it as a copper play, others like Barrick will definitely see it as a gold play. I think we'll see multiple bids this year which means it's not going to be cheap..whoever eventually wins.
I'm also of the opinion that it's partly responsible for the current excitement.
Just scroll back. The first post from TheItalian contains the link to the YouTube interview. It's really worth listening to as it contains all sorts of interesting nuggets. In fact, it's the best interview I've ever heard from one of our CEOs. It also contains his very odd comment about 30 cents.
Sorry addicknt, been away for a couple of days, if you could repost it please or if someone else could post it, I would be grateful.
Nice to see a few poster of late finally understanding why this will go for a fortune. Gold
I’ve been telling you this for 6 months+
TheItalian posted the link on the 27th at 11:31. The heading is SC Interview.
Q, it was in the recent interview which was posted on here.
I must have missed that addicknt, could you please post the link when he said we are not in the process of raising the project funding.
As you are correct if he recently said it, then maybe we are heading in another direction.
Would be grateful if you could post the link.
Q, so how do you account for the fact he specifically said we're not in the process of raising the project funding? I thought your mantra was always to believe what the company says.
What I most certainly accept is that he's said something to the government which has given them confidence in us. What that is, I've no idea.
Addicknt when he talks about a turnkey project, that is exactly what we require to raise he finance.
With the explotation license in place now, I expect funding will be announced within the next few months.
Addicknt being on the front foot for building Cascabel .
How about hiring two money men to raise the money.
The situation has changed massively.
As somehow we have shown the government we can do this.
Hence solgolds commitment to raise the money.
That's our commitment not someone else on behalf of us.
There is a huge difference.
The other thing to bear in mind is that he said $2bn was a lot of money for a small company like ours to raise. He's not wrong. He also said we are not in the process of raising the project funding, which is hardly surprising as there are still outstanding issues before we would be able to approach the market.
Interesting interview with the CEO & president of Barrick. He's looking for potential acquisitions with the following characteristics: very large mine, copper + gold, exploration upside
https://www.youtube.com/watch?v=S7mf82iOzAE
I think the whole thing is a gigantic red herring, but that still leaves the unanswered question of why he thought it necessary.
Quady I agree. I posted a while back about large offtakes being agreed as they'll act as guarantees against finance and make it far easier to get. With divestment on non core assets highly likely as part of the strategic review one thing for sure is SOLG are strengthening their hand considerably in any negotiation for Cascabel or the company itself, as if you don't need or want to sell, and have multiple interested parties that want to buy, you can be sure of one thing, it'll go for a premium price if indeed it does go at all.
Regarding SC’s thought on what would be acceptable, I think he intended to mention this amount for the benefit of pi’s.
As pi’s have a minority shareholding in Solgold and have been pummelled with the share price as of late, it feels to me that SC has given us a heads up to hold or buy more if you can. Regarding all the pi’s that have bought when the price fell to sub 6p, the same applies. No need to trade the share up to 23p, which should produce more buying pressure and reduce the short term profit takers.
My question like others is why 23p. Is it just a respectable figure to get too for valuation purposes for a jv, finance or a price to start a sale of Solgold.
It has certainly put the share on an upward trajectory.
Q, you're ignoring the manner in which SC answered the question about production. He was far from being unequivocal.
What he is very clear about is putting the building blocks in place to ensure we're on the front foot when it comes to negotiations, and this links back to his comment about presenting a turnkey project.
RK, the point I was trying to make is that whatever the motivation, it was a very strange thing to do and I can't see why it he thought it a sensible comment. I sent an email to our esteemed investor relations person, but inevitably I haven't received a reply.
Eloro, I had no idea you didn't rate SC.
My thinking is this.
We have committed to raising the money to construct Cascabel.
The government has confidence that we can do this.
Therefore where does the money come from.
I am favouring a mix of offtake and loans and no further dilution.
I strongly suggest that Franco Nevada would like to see an increase in the amount of offtake they can get in the early years.
And by funding us it protects their original investment and gets them to profit faster.
I believe we now have the ultimate defence in place now.
Hence why we hired the two money men recently.
If we were going to be sold, we wouldn't have required them.
But in order to take Cascabel forward they are absolutely required.
U.S bonds have been in a downward trend for many months now, debt is ridiculous now. Petrodollar is being dropped big time by many, now U.S thinking of the gold standard which would undermine the dollar even more, they are in a mess.
Have a look at this, gold now going to be so significant going forward.
https://www.youtube.com/watch?v=Bf0J5YMhxt8
Atb
Great work DK …. Thanks
Increasing de-dollarisation will light a fuse under the gold price as international liquidity moves away from US denominated bonds to gold and other non-US fixed interest securities