Firering Strategic Minerals: From explorer to producer. Watch the video here.
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"The direct or indirect acquisition of an interest in ENSA and/or the Cascabel Project howsoever effected"
Note that ENSA has been added to the above bullet point. First time I think I've seen that.
Info on priority regionals:
"Focus on prudently advancing five top ranked priority targets, including targets from Cornerstone:
– Porvenir
– Chical
– Rio Amarillo
– Caña Brava
– Cisne Loja"
Not much else of note in there, though it's been a long old day and my eyes are tired.
Mystery of the 157m shares solved..
"US$77m cash as at 31 December 2022 plus the market value of 157.1 million shares held by SolGold’s wholly-owned subsidiary Cornerstone Capital Resources Inc. (“Cornerstone Block”)".
SM, I think the 157 shares were mentioned in this context in the Prospectus.
addicknt, I must have missed that, thanks. I know DinnerMoney and others were discussing them (the 157.1m) last night.
Bubbles turn ....
They are presenting on 'Ecuadorian Day'. Not sure spouting off about Aussie assets is appropriate!
So I was wrong… We can actually release the same presentation we have already seen…
The bit that is bugging me at the moment is lack of timelines. Perhaps that H1 nugget RE financing is what we have to work, i.e. the company are going to try and shift Cascabel or be taken out over the next 4 months (March-June inclusive) and if they don't, they'll then announce the outcome of the strategic review, which IMO in absence of sale/takeover will be a spin out of the regionals (as per bullet #2 of the strategic review outcomes).
In the meantime, we need some meat on the bones around the regional drilling programme, unless they are being prudent to the point of not spending any cash on those until they start to feel that they won't be successful in the sale/takeover (plan A) scenario.
I did note in the presentation that it looks like we're trying to flash a bit of ankle for the other tenements in Cascabel (Tandy, Moran etc.). I imagine Bob is spending his time at the moment pitching the asset to anyone who is willing to give him a meeting. It's a question of who, if anyone, is going to stick their neck out and make an offer for it.
SharketMare,
Your last few lines are utter rubbish. How about ... Bob's phone hasn't stopped ringing for weeks and he's having to bat away the time wasters and focus on the important players.
How that sound?
How that sound? (sic)
Sounds like rampy nonsense, Fort, but we have come to expect nothing less from you!
What do you mean it's utter rubbish? The tone is totally neutral and qualified with "I imagine". Unlike you I don't feel the need to ramp the hell out of this share every other post. You taking issue with that post shows nothing but your insecurity.
Get a grip.
Rubbish - the last few lines make it sound like we have dog on our hands not a prize Tier 1 asset. That said... you are entitled to 'imagine' what you want in your own head.
Bob isn't going to be pitching to 'anyone' that's interested. He's going to be pitching to the companies that he KNOWS are interested. The mining industry might be a big place but it's a very small world if you live and work in it.
The fact that he's already brought in the Chinese should perhaps help you 'imagine' win you head how that might pan out.
And sorry to 'ramp' about the Tier 1 world class asset. Or about the chinese involvement or about Franco or Osisko noses in the trough to the tune for $150m combined.
This company needs precisely that.... ramping. It's called being positive and seeing the true value in the asset when the market is inclined to disagree. Do you think Bob will be 'ramping' the asset or playing it down and flagging up all the potential hurdles ahead?
Mmm... I 'imagine' not.
Finally, Fort- we get to the crux of your misunderstanding! Bob is, we are lead to believe, trying to sell the company to majors with deep pockets. You are repeating the same brainless nonsense on a tiny message board on a small corner of the internet. He might be trying to influence a sale. You are speaking to small-time investors and would-be investors. Why do you think you need to be relentlessly positive, to the exclusion of all rational counter arguments? Who do you think is listening?!?
Give yourself a day off, love. You can't move the share price from here. I promise you that.
DM - I thought they were presenting on March 6th??
See Ecuador day link below. They have presented on the Ecuador day slot for last few years I believe.
https://www.pdac.ca/convention/programming/presentation-and-reception-room-program/sessions/presentation-and-reception-room-program/ecuador-day-next-mining-destination
Keep up the good work Fort.
Predictable how the infestor noise increases when massive news is imminent.
Some of these infestors have played the same game over a long time. Leopards don’t change their spots eh?
Pad,yes indeed they surface out of their holes to deramp then disappear when news hits failing to try get in lower cos they don't know when to buy
Spot on Bubble - hope you are well.
I’m expecting a Solgold Chinese takeaway soon!
GLA
Got to have Chinese chips lol with it