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I'm not suggesting anything, but we never did hear what happened to a certain $4.5m.
Someone walked away with it.
Apparently, there never was a failed fund raise and it's all made up. Perhaps this explains why Berry Street were fully aware of what was going on (they had probably been asked to participate) and publicly stated that it had failed.
Q, there are certain battles you should continue fighting, such as your production argument, but your denial of certain others simply makes you look daft.
Separately, we now have a pretty clear idea of what happened, but I remain totally mystified as to why it should have led to the departure of Ingo and Ayten. Surely it can't simply have related to the failed fund raise?
No Quady I won't block you because you come across as a sincere, polite and honest guy I don't doubt your intelligence either but we look at the same situation and we are seeing completely different pictures. One of us is wrong. I hope it's me.
https://www.yourmoney.com/wp-content/uploads/sites/3/2017/04/shutterstock_536266534-730x400.jpg
SharketMare so when we did an offtake agreement with Franco Nevada that in your mind was a failed fund raise because our major shareholders were not onboard.
I think you can see how ridiculous you sound.
Life's too short to spend Saturday morning arguing with someone convinced that down means up. See you all Monday.
SharketMare this were talks no fund raise was executed and failed.
So you're saying any discussion the company has that doesn't go their way is a failure.
That's just mad.
They didn't even publish any proposals of a fund raise, because it never got that far.
What a ridiculous statement.
But you know better, so tell me what the proposals were.
Quady, part of any fundraise is getting your major shareholders to sign up to it. SOLG failed to do this, which is why their proposed fundraise failed.
Basic stuff.
So telegraphist50 you believe that proposed terms is a failed fund raise.
It's really not.
Solgold were just discussing this with their two major shareholders. We don't know what was discussed. That's why I have asked if anyone has any details.
If this is a failed fund raise, then any company proposing any fund raise means its a failed fund raise if they decide not to proceed.
I hope you would agree that's just crazy.
CD @ 20.52 last night - great post, wholeheartedly agree. Reads like it could have been written by your mate Sean!
In order for it too fail it had to be placed. Nothing was placed therefore nothing failed. I dare say you have read the article by now. Please seanhunter feel free to block me.
We know the company needs to raise funds now or soon, they were actively considering their options on how to do so and some of the large shareholders didn’t like the proposed terms. I’d say that sounds very much like it failed but pure semantics in any case.
Quady I don't want to block you like that rocket Fort, but you are increasingly sounding like this guy....
https://youtu.be/vC5UTUAxgpE
No fund raise ever took place. You are correct. Because it failed.
Morning smickster just type in your browser Solgold failed fund raise. It's the one from the Australian. At the top of my page. Looks like protected link so can't copy easily on here.
Good morning Quady,
Can you try link again as it's not found.
Ok for some reason that doesn't display, search on Solgold failed fund raise.
I found the offending article, it says Solgold forced to withdraw fund raise.
Very melodramatic, but as you see no fund raise ever took place.
https://amp-theaustralian-com-au.cdn.ampproject.org/v/s/amp.theaustralian.com.au/business/mining-energy/solgold-hits-fresh-troubles-as-finance-boss-ayten-saridas-leaves-only-weeks-after-failed-raising/news-story/c971d30c3e39872c770f69671b9a72b6?amp_gsa=1&_js_v=a9&usqp=mq331AQKKAFQArABIIACAw%3D%3D#amp_tf=From%20%251%24s&aoh=16609823882947&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fmining-energy%2Fsolgold-hits-fresh-troubles-as-finance-boss-ayten-saridas-leaves-only-weeks-after-failed-raising%2Fnews-story%2Fc971d30c3e39872c770f69671b9a72b6
This was a speculative story that someone posted on here.
Okay if we had a failed fund raise, we would know the terms.
Why you ask ?
Because it failed, find me the terms of the failed fund raise. I tried and failed, then read about the discussion with the major shareholders. You soon discover that no fund raise took place.
If one took place and failed, show me anything on the terms of the failed funding please.
No one can because it never took place. You will understand this, when we undertake a fund raise and all is fine.
I sometimes wonder if you are a spoof account Quady, just heret to wind us up.
Yeah and JFK wasn't killed in Dallas, he just had a close encounter with some bulkets and is currently resting.
It was a FAILED fundraise. I know it, the market knows it, Elvis knows it.
Seanhunter we never had a failed fund raise.
It didn't happen. No official fund raise took place.
There was a discussion with our major shareholders and no agreement was reached, so Solgold didn't go ahead.
We will have a fund raise later on in the year.
Completely agree CD, this is on the CEO. We were told the company were working towards getting the shares pricec re-rated earlier this year when we were at 27p. Admittedly Solg delivered an excellent and believable PFS, but everything since then has been a s**7 show. This is unacceptable and we must now start asking senior questions of the leadership. C
Surely if there had been a fundraising that failed, we as shareholders should be informed by RNS?
CD, agree with the last paragraph of your 18.44. Very annoying that we as shareholders get little clear information from the company and have to piece everything together from message boards, contacts and press articles.
Re Cascabel funding, I haven't looked back but I had it in my mind that the FNV money was to take them through both PFS and DFS. Could the fact that the PFS was delayed again and revised have pushed costs up materially? Alongside covid and inflation and the fact they keep having to do more drilling at Cascabel outside Alpala.