Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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In any case, 'project finance' raising wouldn't come before the DFS which he says will be in 2025...
But that doesn't prevent you announcing offtake offers, which you don't have to take up...
E,g, SXX announced that they had conditionally sold their entire annual production of polyhalite...at terms to agreed at the time of production...
P235 of PFS3 informally indicated they had 10 EOIs for more than $1.6 billion in total.
With the permission of any formal offeror, they could announce any or all of those offers without ever having to take them up...
Then people like Quady would jump all over the implication that they had fully funded the Phase 1 CAPEX...
Think what that would do to the SP...?
Addicknt he made it clear we are not looking at finances immediately, as this is part of de-risking.
He also mentioned raising finances with our current stakeholders or a JV.
I did watch it. He says closed period then immediately corrects himself “or blackout period”
Watch it again if you don’t believe me then you can apologise
Q, I take it you heard the bit where he states he isn't in the process of raising project finance?
There's no doubt it's all about de-risking, but I'd argue production by us is not the focus of attention.
Slug I think you better listen to the video that Eloro just posted.
Scott says we are in a closed period and he will be buying more stock when it's over.
So surprise surprise you're wrong again.
Which means you have successfully maintained your 100% record on being wrong on literally everything in life.
Also Scott couldn't be clearer, yes if we got a serious bid it would be put to shareholders, but we continue to de-risk and go to production.
The one point that really stuck out for me was a Partner, as in it will be more than one partner or a JV when we build.
Thank you Eloro.
Jesus what a fwit red is. He’s not in a closed period, that is 30 or 60 days before results are published to market
This clot claims to have been on boards in ftse100 companies and he hasn’t the first clue….
This is already a Gold play...especially if you take in Porvenir, Blanca Nieves, Rio Amarillo, and $70 billion in Cascabel...
And for many who don't know the story I still think the name SolGOLD is a big reason for the correlation to GOEX, GDX, GDXJ as well as COPEX, which just set a new 2 year high...
The gold miners only have 9 years ore left...as well as Bristow saying they are looking at 'copper/gold' plays; Scott has made clear that the gold can be produced at the same time as the copper at no additional cost AND...where you find copper you often find gold...
Let alone the silver we have at Alpala which produces a globally low AISC of c$1/lb for copper...
RK, particularly as he's publicly stated this process is ongoing i.e it's not considered price sensitive.
They also said on P235 of the PFS3 that they had EoIs totalling more than the initial CAPEX for Alpala...i.e. $1.6 billion....
As my very good friend has pointed out to me...
Scott DOESN'T need to be in a 'closed period' for "non dilutive, non equity funding"...so their must be something else brewing i.e. 'monetising the asset'...lesser project sale; JV; SOLG bid; W.H.Y.
“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.
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+