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Red I wouldn't worry about what people post on other boards, or this one. I
f you believe SOLG will run out of money, simply sell your shares if you own some, or don't buy them if you don't already hold.
If you believe they'll sort their balance sheet out this month, as I do, then hold any you have tightly or buy some.
You'll either make some money or you won't. Personally I'm doing OK with my SOLG investment but expect to do far far better in the not too distant future. Each to their own and all that.
Forgive me, but I tend to fact-check what redknight says vs. what the reports actually say.
Clearly the Qualified Persons only verify certain aspects of the report. As per the certificates at the start of the PFS document. Separate experts for metallurgy, underground infrastructure, surface infrastructure, environment, finance etc.
Section 2.2 has a nice table showing which sections each Qualified Person is responsible for.
Carl Kottmeier from SRK Consulting is the Qualified Person who has approved section 19 of the PFS, which refers to Sales and Marketing Contracts. Not all 8 experts that redknight has listed.
The PFS also says "the QP has not reviewed any of the Expressions of Interest received by SolGold".
I agree with the text around expressions of interest and offtakes. But have no way of knowing when these were received; report only says since the 2020 fiscal year.
Time for Solgold to address this, by end-May is my guess.
there is a stupid guy on advfn who keeps stating we are running out of cash, have poor prospects of raising any and consequently will go bust.
he is right that we may have only a couple of months cash, and for that reason i believe that funding is imminent.
so here are the facts to justify that statement:
and i have read every word of the following 344 word document, including the independently verified statement:
"solgold has also received material offers of funding in exchange for offtake from a number of traders."
these facts come from the ni 43-101 technical report on pre-feasibility study, published on 8 march 2024 and independently verified by the following qualified persons:
gilles ****neau, ph.d., p.geo
jarek jakubec, c.eng., fimmm
brian prosser, pe
guy lauzier, p.eng.
timothy david rowles, bsc, msc fausimm cp rpeq
richard boehnke, p.eng.
ben adaszynski, p.eng.
carl kottmeier, p.eng., mba
"based on the high level of interest in this quality concentrate, solgold subsequently invited commodity
traders to submit an initial expression of interest, covering:
their intended sales and marketing strategy for alpala concentrate
proposed offtake volumes and tenure
comprehensive commercial terms
ability for short- and long-term financial support
solgold has to date received ten qualifying expressions of interest (eoi). demand for the cascabel
project concentrate from traders was significantly in excess of planned production volumes; as such,
srk remarks that it is possible that metal payabilities, precious metal refining charges and payment
terms could be finalised on better terms than previous conceptual assumptions.
solgold has also received material offers of funding in exchange for offtake from a number of traders."
7 months won't move the needle here, so looks like add will be forced to eat some humble pie (spoiler- he won't, it isn't in his character to admit he's wrong, he just claims 'no one can know' 🤣)
I won't hold my breath in anticipation of the rampy loons quitting this board. They haven't done in the last 5+ years they have been wrong- no reason to suspect this current false dawn will be any more of a wake up.
Points taken Add. I do recall all that you've mentioned. We should discount December because I would expect to hear noise about the agm in November. So, more like 7 months to go. Heh, we are already in May and we are still in the dark. I don't expect anything major between now and November the way things are currently. Anyway, let's hope that I am wrong.
Of course there are teething issues, that’s fine and in a free market they’ll resolve themselves, become competitive and win market share
But that’s not what we have, we have a stupid collectivist movement using policy and mandates to push tech onto people who don’t want and/or can’t afford it.
I like weekends away and I like getting into my Range Rover at the hotel on Sunday morning and just driving home. Not looking for a charging point, not worrying if I’ll make it to wherever the next is
Heating pumps are ugly and noisy. Gas is cheap and plentiful and we have hundreds of years of
Our own supply. It is also reliable and doesn’t suffer from intermittency issues
By perhaps trumping all this is the undeniable fact that anything U.K. does to cut its emissions is totally pointless in the bigger picture. It’s economic self harm
1984
Like any new technology there is of course teething issues, the decrease in sales and 2nd hand prices for EVs are the result of many factors but to think this won’t be the main technology for automobiles over the next couple of decades is misplaced.
The market will adapt, EV prices need to come down more, public chargers need to massively reduce their fees and then EVs won’t look back imo.
However, why would anyone who needs to regularly use a public charger , go down that route currently 🤷🏻♂️
I don’t as I charge at home 99% of the time.
Same situation with heat pumps, there aren’t enough engineers who know what they are doing plus they are a bit ugly 🤣
Someone said recently that Donald Trump is what a poor person thinks a rich person is. And Andrew Tate is a 14 year old boys vision of being a man.
It would seem slug shares a lot of views with a lost teenager. Maybe he didn't have a strong male role model growing up, or maybe he's been hurt in life to make him this way. One could almost manage sympathy if he wasn't such an insufferable bore.
I should add that I was very critical of his 23p gaffe and his occasionally contradictory messaging. However, as it stands that doesn't amount to sufficient justification for constant vilification.
Tesla if you’ve done your maths and concluded that green tech is for you that’s absolutely fine, what most people object to is the use of mandates and our own money as subsidy in propping up these choices
If these products were good enough and cheap enough then people would be knocking the door down to buy them. This clearly isn’t the case
Not everyone is in the market for a 90-100k new car but many of those who are don’t care about a minimal cost such as fuelling it. In fact the opposite would be true, those spending that money without subsidy would value the convenience of petrol far more than the price of a charge
Quady a heat pump isn’t for me for the same reason solar panels aren’t, the ROI doesn’t work. You do your calcs on a thirty year assumption. You won’t be here in 30 years!
As for living alone, it’s you married fools who are missing out. Why put up with the same old trout when you can have a variety of younger and better models at your disposal?
Eloro, that's not actually true as there have been a number of occasions when I've criticised him, corporate comms is one issue which comes to mind.
As for the question of what he's achieved, I think the answer is contained in the various announcements.
As far as your comment about the '24 agm, you may recall that in a previous response to this question I told you that if nothing had changed by then I would probably have a re-think. But that's eight months away and much will have happened by then.
I am not a slavish devotee of Caldwell, but I do believe he's on our side and is our pursuing matters in our interest.
Morning Tesla, I kept the calculation on my kit which is over three years old now.
I calculated this using 435 watt panels that have a life of 30 years, with minimum degradation.
This is the current octopus energy offering and a 9.5 KW battery.
Also looked at the selling of excess energy between 4 pm and 7 pm when octopus take your battery down to 20%.
So Slug lives alone in his six bedroom mansion with marble floors and underfloor heating.
Personally I think he's closer to the harry potter cupboard.
Which would explain why a heat pump is not for him, as they can't put them in cupboards.
1984
Everyone has different circumstances and different views. Just like the protestors of the Rwanda policy stand there with placards saying it isn’t the will of the people.
I don’t know anyone who is happy with the way this country deals with the boats. Well not anyone who has paid into the system over the years and has no services to show for it.
However perhaps solar doesn’t work for you but it does for a lot of people.
I’ve had EV’s for 4 years, and wouldn’t go back to petrol/diesel for a variety of reasons.
My last diesel was a Range Rover sport and it was great deal. The Audi e-tron which replaced the Range Rover cost £15k less rrp but cost way way less to run. Probably 50% less taking everything into account incl tax breaks and subsidies.
You need to look at the whole picture and the media skew absolutely everything at the moment.
Running EVs and heating our house is ridiculously cheap……..
Everyone else I know doing the same agrees…….
On the quarterly review the EMS has changed today so MMs now have to offer a minimum of 150,000 shares on bid and ask (previously 50,000)
Slug really didn't need to clarify that he lives alone 🤣
Come now Add, cathexis also applies to your blinkered belief that Scott is doing an excellent job! I really don't understand what yardstick you are using to measure his performance. It cannot be the SP, the unclear funding strategy, the never ending SR, nor his continuation of the culture of non-performance? Being a muppet, I would be grateful if you could add some colour around what criteria you are basing your assessment of Scott on please? BTW, how is your list of reasons why we should vote Scott back in at the 2024 agm coming along? I am about to start some work in our anechoic chamber and will be offline for a bit.
"Next week could truly be the mother of all weeks with regards to news"
Tell us when you posted this, novice, then reflect on who understands this company better.
I do know that you can't have a sale without a buyer. And we currently don't have a buyer. And there have been no signs that there's going to be one. Deliberately vague nonsense about the data room just before AGM votes are due has never been the same as being in a buyers cross hairs.
I used three different online calculators. The main parameters seem to be post code and house orientation (ie how much sun do you get)
Then there’s how much power do you use, I live alone
The annual “saving” doesn’t even cover the interest born on a 4% bond for the £12k let alone repay the capital
The only point relevant with SOLG execs at this stage is that for the first time they are all unified and singing from the same hymn sheet. They all want either Cascabel and or the company sold.
Whether the majors wait for Cascabel to be completely derisked or they take the opportunity to buy it substantially cheaper remains to be seen. These short on the stock will say it'll take years, those more bullish will say it'll be soon. Only time will tell who's right.
1984
I have to agree with Quady on the figures.
There is no way solar takes 17 years to achieve breakeven on your investment.
Quady’s 7 years is extremely conservative, with the recent spike in energy prices it would be 3-4 years.
The media love the negativity about electrification, no doubt funded by great marketing budget from the Saudis who want to keep their fossil fuel bonanza going as long as possible, but even they know the writing is on the wall.
Anyone who puts solar/batteries in will increase the size of their systems because currently it’s a no brainer in terms of return……
A very thorough personal overview SH, but honestly you have no idea as does no one else what is going on/about to unfold at Solg towers... but your post is appreciated and a sober reminder that this is an anonymous BB and anyone can post anything.
Personally and FWIW I believe that we are in the final leg of the journey here as the stars appear to be aligning. We are invested in the right products in the right period of history and the correct resource cycle. BINGO !!!
55p someday soon !!!
Nick will know from his time at the helm than no amount of wishful thinking secures a deal. He can push Scott all he likes- Scott isn't in charge of when Solg sells. There's a common misconception on this board that we can 'work in the background' and 'get this thing done', when the reality is we can only work to explore, drill and derisk assets, whilst building relationships with locals. We can also give away the promise of a share of the resource for enough money to keep the company viable. Everything else is not ours to control. Scott can no more "get it sold" than he can magic the metal out of the ground.
Couple of years to run here, at least, and if Nick goes bankrupt in the meantime it will only cost investors who didn't do enough research. Sad, but true.
All is well here keep calm and carry on
Ignoring the ever useful comments from our two Learned Friends, the question arises of how long can DGR continue without the realization of some cash from us?
The A$5m loan they took out from Choice, which bears interest of 20%, is due repayable at the end of November. They are also due to repay the £1.7m loan from Equities First at the end of December this year. They're also involved in costly litigation against the administrators of Armour Energy, so the cash pile will be diminishing rapidly.
One can only assume NM will be pushing Caldwell harder than most to deliver some form of realization here.
Had to respond to adikts latest blow my own trumpet post.
I detect a bit of desperation and back peddling going on.
Unfortunately, you've a long way to go ad.
Also doesn't your cathexis claim for eloro, fit your obsession with me.
Several posters telling you, I'm in your head, your unhealthy obsession with telling all I'm filtered.
Then having a little peep when you forget to log on. 😁. Or you pick up your wife's phone by mistake, and she just happens to be a lse member. 😬
And do you not have cathexis with every one who disagrees with you.
Nothing changes