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Good Grief Qaudy, you just don't get do you.
The ticks say it all.
;)
Honestly Q, you say you've been doing this for 40 years and yet you appear to have learnt the square root of f all.
Oh well, you carry on believing whatever you want, I feel you'll be in for a very nasty surprise if a funding package were ever to be implemented.
Addicknt, I begin to doubt who you are.
This is basic accounting. When we get funding, the equity part is a small percentage. With the advent of construction, we are leveraged in such a way that the books balance from the extra money and extra equity. From that perspective nothing changes.
However the way we are valued changes big time.
We have seen this even in this share.
When we had just over 600 million shares, I brought in at 4.6 pence. Today we have nearly four times as many shares and we are at a higher price. This is because we moved from two donkeys and a drill rig, to our current position. Financing Alpala will move us on again.
LM, you're referring to buying in the market. I'm talking about a fund raise with new equity which, if it were to happen today, would be in the 24/25p range...if we were lucky. The dilution would be significant. There are no funding options which would help private investors, hence the need to flog the asset. Bear in mind NM would be in the same boat as us and can you really see him being willing to have all his influence disappear, because I can't.
Q, virtually none of what you said is true, particularly the bit about the sp rising once new shares have been issued.
Sorry not 300 million shares, I meant 300 million dollars worth of shares.
Good morning addicknt, as I said been doing this over 40 years.
If 300 million extra shares issued along with bonds, loans and offtake.
Then the share price increases with the increased shares.
This is because we would finally move from an NPV valuation to a NAV valuation.
Remember we now have the capital to construct Alpala, and with funding arranged the market will be factoring in future earnings.
As I am sure you know when we have a NAV we are valued in a totally different way.
Next it makes it far easier to raise funds for our other exploration projects.
Yes some further dilution but also loans against the company, because we will have a large asset that has future earnings.
I am sure you get the rest.
LM why would BHP, or anyone else for that matter, pay 41p for a fund raise wen our current sp is 27p? What they did in the past is irrelevant.
Q, you appear to have accepted the argument that at least 300m will have to be raised via equity funding. However, you seem reluctant to accept that this will cause significant dilution. How do you reach that conclusion?
Seanhunter : "Going into production ourselves? Really? I'd rather they spent the money on magic beans."
Correct
I think somebody already has, that or mushrooms.
Definition of Walter Mitty
: a commonplace unadventurous person who seeks escape from reality through daydreaming.
ONWARDS & UPWARDS Bubbles ;))
Even bubble gets it...
:)
Big trades there novice nice. :):)
Try your best not to respond to me little novice. I know it's hard for you because the long term genuine holders mainly ignore your input. #needy
Don't flatter yourself tinyray, I wasn't replying to you Lolzzz, remember ;))
So predictable... have a good day hopefully you'll join us soon (so you say)
I thought as much Sean, no explanation why you have to be abusive other than being childish and emotional. #weak
That's rich coming from you Ray, a non invested troll who only appears when the price falls. Back to POLY now laddie, Putin needs your pennies to prop up his regime.
No need to respond to me novice.. let me go from your head...
Because its an anonymous BB fella with no consequences, what gets posted here has no effect on the price...
#harmless fools
ONWARDS & UPWARDS
A deal will be done on Alpala soon as Lasso, US and IMF all desperate for Cascabel to be moving forwards with more pace than SOLG's self propelled Zimmer frame.
Mather has said that he believes there are potentially another 12 similar size Alpala deposits in the folio. Even if they hit just 3 sized Alpala's elsewhere that's huge and transformational. 4 x tier 1's potential. So if he's so confident of the other tier 1's then surely common sense says that you sell 1 tier one asset to derrick and use the cash to find the other 3... or 8!
The next cab off the rank comment I believe refers to 'packaged' goods. SOLG are looking imho to rinse and repeat what they have already achieved on Alpala. But for the market to give the strategy any value, they need to prove the model works and to do that they must 'sell' or JV Alpala. That's the plan imho and it will happen this year. The only question is whether a buyer (bhp et al) allow SOLG to take that route. Any Major miner with some intelligence will just buy SOLG out right and bag the opportunity of another 3 or 8 tier 1 projects for themselves at zero price as undrilled resources worth zero these days. Just relax, a deal is bubbling away in the background and has ben ongoing for months now. It's obvious by how quiet CGP and Irwin are. They seem quite content right now when you'd normally expect them to be ranting and raving.
Why do you have to be abusive to quady sean? Can't you handle a debate without the abuse?
What exactly have you been doing for 40 years Quady? I always assumed there was simply a village somewhere missing an idiot.
There are some wild and ridiculous posts about how to go forward, why don’t you just wait to see what Solgold will do, leave it to the professionals how they are going forward
We haven’t a clue who they have been talking too or even setting up deals with, wait for the RNS rather than argue over what we don’t know
Atb
Obviously on the upside in 15 or 20 years time you will own shares in a hugely valuable new mining company.
But what will the Net Present Value of those shares be? Lost in the billions and billions of new shares printed in the meantime? The pie got bigger but your slice got smaller and smaller. Probably what you had back in 2017, about 40p in today's money. All this attention, stress and worry just to go on a 20 year journey back to where you were 5 years ago?
Going into production ourselves? Really? I'd rather they spent the money on magic beans.
I'm very confident there will be no bid in 2022 hence this is a traders share.