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Now , I can't be the only one reason this?
PROPOSED...
PROJECTED to cover a SIGNIFICANT portion...
Now today's RNS . US$10m value doesn't even scratch the set up costs ,US $1.5bn
So who is this mysterious unnamed company, and is the US $10m just the first loan.
The question ⁉️
We need to be asking.. are we now fully funded in principle for going forward.
More news to follow imo.
"This proposed Financing ("Financing") is projected to cover a significant portion of the estimated initial capital development costs of the Project, highlighting its position as a Tier 1 asset and a premier investment opportunity."
My reading is that the ten mill is runway to get the final permits/agreements and exploitation licence rubber stamped
Flexible facility, might not need it all. It’s up to neboa and his silly servants to get their fingers out if they want this mine open and printing valuable dollars for him to spend
1984
Yes , in principle.. you might be correct.
And the terms of this mystery company.
State , get the licence and all the I's and T's dotted and crossed.
Then we will SIGNIFICANTLY fund the project.
Now the clues are in the RNS.
SOMEONE, is keen to get on board and a loan of US$10m and future investment to make it a SIGNIFICANT amount.
US$1.55bn is required ... I personally don't know how long a piece of string is . But I do know $10m isn't significant in the grand scale of things. Looks like we are pushing forward into initial production.
And this will certainly stir the pot today.
If the big boys ain't paying attention, they most certainly are now . Aimo Gl
1984 …. Exactly right
The funding package ( I’m guessing off take ) could be 100’s of m’s ( a significant portion) and will no doubt be reversible in the event of an acceptable bid.
Typo last post.
The mystery company giving loan.
"MIGHT"* state
Im sure there will be a deal down the line after todays RNS... but it wont be in the next few days or few weeks... That 10 million dollars is clearly intended to tide Solg over as a going concern for months not days..
The share price is not going to rocket anywhere yet... no need to rush to buy more just yet.
Spoken like a true shareholder
In fact orthern why not sell all yours now and buy em back at a penny in a few months after the car crash funding?
Not sure the rampers here would let it get to a penny.... Though didn't you say it would never go below 20p, DBW?
Your opinions don't count because of your posting history 👍
Clearly states further funding by capital investors, will be subject to future permits.
So all down to the government now.
As we have multiple backers, for finance.
Chris Stackhouse, CFO of SolGold, commented, "These developments are significant for SolGold as we continue to establish the financial foundations necessary for the next phases of the Cascabel Project. The strong interest from potential financiers not only validates the Project's exceptional prospects but also strengthens our capability to achieve planned milestones."
It is important to note, however, that while the Financing discussions are advancing, the completion of a transaction remains subject to negotiation, and there is no guarantee of a finalized Financing transaction. The proposed Financing is expected to be subject to certain conditions, including the receipt of necessary permits and agreements, a final investment decision, and additional stipulations, some of which are still being defined.
This announcement has been approved for release by Scott Caldwell, Chief Executive Officer. Certain information contained in this announcement would have been deemed inside information.
It's not a big leap these days to achieve the following especillay when you have a world class asset like Alpala in a pro mining country under Noboa (on a select few licences etc) and with Copper and gold at all time highs.
So lets see...
Franco in for $300m, Osisko in for $300m, Mitsui in for $300m. That's a significant portion sorted. Then, lets go with jiangxi and or CRCC tonguan for $1bln (or split between them) and in exchange, they get 5% CGP shares, Porvenir and a few other blocks and 30% stake in ENSA. SOLG retain 70% and free carry to first production. Earn in deal gives Chinese further 30% for funding phase two and spend of $1bln.
Personally, I couldn't give a toot what they line up as I think it's 99% certain to see alternative offers or proposals from likes of NMM and BHP. These two will not let chinese or SOLG carve up ENSA again.... not without a fight. They've been sitting on hands waiting for Bob to show his hand. That time is arriving soon. If the chinese hold around 10%+ SOLG shares (assuming above) then they'll do very well out of it even if they lose based on 3 or 4 times their investment.
FWIIW... I think Bob will reveal an offer before he reveals finance as think the latter is simply to get an offer tabled and that will likely arrive before any finance is announced... that's the way it usually works.
Sleep well orpherncopper... I think you'll be surprised at what comes next.
Thankfully not a re write of Maxit and mates trousering the CGP shares for a song Drake. Hopefully you won't post that one again.
The future is bright ..
The future is orange, copper.
Quack , quack... All those ducks are lining up nicely.
Gla
Just enjoyed a nice £50 Bordeaux, went down a treat
Just as that RNS this morning did for those who understand exactly what is happening and speak to the company regularly
Are you sure you are old enough to drink?
Cashmygiro.
Your post stating it's all down to the government, is not strictly correct.
The last agreement they signed with a major, was overruled by the. Ecuador supreme Court.
So when I said a year ago, I expect a profit, but there were still headed winds. And was met with a torrent of abuse. I think events have shown who was nearer the mark.
I was neither a Blackrock stooge, paid by lse, an imposter, or deramper, I didn't crawl out from under a rock, I did hold shares, didn't feel the need to top up on every dip, didn't have fictional friends and neighbors, wasn't chatting to solg by phone. Didn't feel the need to write ditties, didn't need to post the price of copper daily, didn't need to lord it over others, didn't have an obsession with thinking my views, were the only views that mattered.., didn't need to daily forecast a takeover is round the corner.
But appear to be a bit more realistic, than the 8 year ramping clowns.
Stackhigh
Let the local people have a voice . Hahahah
Go do some more research on the matter. I will give you a clue where to start.
June / September 2019
Welcome to 2024 , times have changed.
Sorry stackhigh.
Wrong poster, should have been directed at needalife.
CMG. have you been drinking.
let the local people have a voice????????????