Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Are we expecting any financing news before the end of this quarter or next quarter as it seems the coffers are……well almost empty??.so much speculation at the moment yet no substance “come on solgold !!” Could someone point out which Rns would be worthy reading thanks.And finally reading past messages as pathetic insults the mentality of some people amazes me.
Acorn, the relevant section on funding in the TR is worth reading. And if you want cheering up, the RNS concerning the new IPA is encouraging. In fact, we've had plenty of good news since the start of the year.
Hi small...
The most importasnt RNS is this one:
https://www.lse.co.uk/rns/SOLG/pre-feasibility-study-technical-report-mh8l4oh1w1nfxvx.html
And if you have time it is worth reading the document, especially P235.
If you haven't, here is the Company summary:
https://solgold.com.au/projects/ecuador/cascabel-project/
Please don't worry about the cash.
In the absolute worst case they could issue equity, or better, sell the 5% of SOLG shares in the CGP subsidiary
But NEITHER of these is going to happen...
There would be absolutely no difficulty in doing another modest streaming deal for $50 million as we have done before.
This is also clear from P235.
But given the TEN Expressions of Interest in Offtake approaches which already add up to more than the entire CAPEX cost of building the mine, together with between 30 and 40 seriously interested parties in the dataroom, interested either or both in Cacabel and/or the nearly 90 other regional projects (including Blanca Nieves of course...even bigger in scale than Alpala and less than 10km away)...
Plus the radio silence for weeks now and clearly Directors being barred from buying for at least 3 months now...
There is clearly much going on behind the scenes...
So the question is, what breaks first?
Cash secured for at least 2 years...
A stunning announcement (s) in keeping with points made above...or...
The first bid or bids...
Good luck
I am not an admirer of Scott or of the board but I am absolutely confident that finance has been sorted and that we'll soon seen an announcement. There is no way that they left this to the last minute. There is no way that Noboa would shake hands and promote our activities if he hadn't first been given reassurance about funding and about the strategy.
Well, it would be nice to have had such reassurance too, given the fact that we own a small piece of the company...
I am more and more convinced now that we are approaching the end game. Either a spin off or a full takeover are coming soon. In the meantime i keep averaging down.
M79
You're probably correct. The only other question is what have SOLG had to sacrifice to secure that funding? That's the real question
Personally, I prefer a takeover or better still some form of singular asset monetisation following proving up
Like I said a few days ago, with sentiment toward gold/copper based miners soaring and likely to do well in 2024, there are investors out there that are spoilt for choice. Unfortunately, due to Bob's & Scott's tactics to leave our financial footing to the very last minute.... the market and investing community are rightfully ignoring us.
We would be 14p/16p levels again had our sails been set with the recent rise in sentiment.
The simply reality is, we are at sub 9p and it's all down to the pi55 poor management of SOLG.
They have driven the share price down to 5p due to moth balling exploration and turning the company into a comms mess.
Now, as we fast approach the end of Q1, we are heading to the lowest ever cash pile circa $5m.
Those that have faith in Bob and Scott are not worried about the cash situation as it will get sorted. But newbies don't share that trust.
So we are left dangling and looking a risky play when we should be surging higher.
So no idea what game you are playing Bob.... but your strategy or lack of one has killed this stock. You've basically reduced it to a couple of months away from being insolvent.
It's time to fessed up and told the market where the next cash injection is coming from as Mr Market has a heavy boot on us right now and it's all down to you Bobby boy!
Clear up the doubts and we can soar again.... assuming you want us to soar again...
And as for more bonus director awards... you can forget it. They haven't come close to earning the last batch yet so no more awards in 2024.
Back in today after 12 or so months out. Let’s see if I can make a profit this time! 😂