Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Ice I didn't mean to suggest he wouldn't get the options, merely that they wouldn't be worth much.
I knew there’d be something like that for a takeover.
Caldwell is in for £300k a penny over 17 so it’s in his interests to get it as high as possible
Addicknt - with regard to SC losing out on his options, Hubris Hunter has a different view on X.
He says...
"The vesting is 100% in case of a merger > 17p. Caldwell would get all 30 million. WHY? There is a Change of Control clause (CoC) which states clearly In the event that the Company undergoes a change of control by way of sale of greater than 50% of the voting shares in the Company, or 50% of the assets of the Company, or any resolution to wind-up, dissolve, or liquidate the Company, or there is a change greater than 50% of the Company's directors as a result of a reorganisation, all Awards will vest early.”
"Any takeover bid above 17p and Caldwell makes the difference. Hypothetical eg: if a takeover is at 25 p = 2.4 million pounds for him pre tax"
“Those who don’t get the full picture”
Did he actually post that with a straight face?!
How about a J/V for Cascabel where the 51% partner gets first dibs all the ore in return for funding the whole of the upfront CAPEX
The Phase 2 CAPEX is funded from revenues...
Interesting alternative to a full bid but...if it was announced as a proposal I believe it would trigger bids anyhow...
"Monetise the asset"
Why accept 51% when you could have 100%...
Meanwhile the "non dilutive, non equity funding" could drop any minute...
Then watch the SP go...its the only worry left now for those who don't get the full picture...
HFH
When I asked Scott about the exploitation agreement he said by end of Q2 but hinted could be much earlier
My money’s on Camomile & a fairy cake
Darren reference your earlier post. Whilst I think you are correct I think its important to note the following. SOLG had a six month window to change the Phase state of Cascabel from an Exploration Phase to an Exploitation Phase and I believe this is what has been eluded to from your contact. This is not the same as the Exploitation Agreement being signed off by the Minister for Mining and the Government, which I believe we're looking at the end of Q2. Just my take on things.
Living live to the full Q
Yorkshire tea and a bourbon?
Thank you Eloro, I think it's time for a mug of tea and a biscuit.
While I watch.
Great to see Solgold , break out of single digit territory, should continue its strong momentum , now that it’s been confirmed no cheap placements are expected
Eloro, to be honest it's come as a bit of a shock.
I agree about about that Truffle bloke and why we've retained an adolescent to run our IR is beyond me. Maybe he's at junior school with one of Caldwell's kids?
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.