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“SolGold also continues to assess potential alternative funding structures which may involve strategic investors”
Hmmmm
Well there's your RNS ,good ,bad,in the interests of all shareholders who's going to come out winners now?
Warning shot to BHP equity raise at fair price or we will look at streaming deals or a JV with others. That and they really want to stick a drill in Tinkimints.
1-1.8 billion value added ,I wonder how much this possible fund raise is going to be adding yet more shares to the company ,in the future there's going to be a consolidation if this isn't sold off imho that will not benefit us shareholders imho
Usually not a good idea to if the market you are about to raise ….. let’s see ….. I’m not expecting anything too onerous
Except DBW missed that awful caveat: EQUITY RAISE!
Was that on purpose DBW?
Z
More funds needed is in their RNS . Ummh !
SolGold is investigating a number of strategic initiatives to provide the Company with funding options for the development of Cascabel and progression of regional projects.
So basically it says anything could happen
And we are none the wiser
I think solgold are showing ccontemptfor it's loyal share holders and are spending money like confetti and achieving nothing
Pretty straightforward, isn't it? and confirms what we already knew.
Effectively, it says we need cash and we're talking to various people about that issue.
Strange that they felt obliged to release this statement.
Addicknt it's called issue a load of generic BS.that should keep the plebs quite for a will
Solgold have resolved the missing deadline problem.
There is no deadline
Agreed… apart from the warintza overspill information, which was nice to hear, this does seem like an odd RNS.
Have they completely failed to get others interested in our regionals?
Ingo wouldn't have let a rambling RNS like this, full of innuendo, go out...
Remember, he did the cash box....innovative and successful...
We can assume an equity raise...with all the fluff and courting of major investors, they will participate...
The Nomad will be supporting the SP...
The raise will be seen to go quite well and...
The SPwilll drop back after leaving bargain hunting opportunities...
I could be completely wrong but to cover off all the mentioned bases surely you need up to $100m...
Glad I switched some stock into ATYM last week...
I'll be back...
We all knew at some point money needed to be raised, now everyone is bleating about it not knowing how they intend to do it exactly.
So the rest of the RNS is ignored, why?
You see what you want to see and look forward to your next moan, weird to say the least.
This board is becoming a miserable place to unleash your frustrations out without seeing any upside, eggs and omelettes
Atb
A disappointing damp squib of an RNS! Thanks Solgold!
One thing which was interesting was the mention of "strategic investors". Was this mentioned in order to get BHP in line? I'm not sure how happy they'd be if another major popped up on the register.
I wonder at what stage will BHP say enough is enough? Surely they're going to have to make up their minds at some point and perhaps the potential emergence of a competitor as a significant shareholder would be it?
Mathersfinger, you do that most of us are here to make money from our investment and not to go on a magical, decades long journey through the junior miner cycle?
We were at 26p in 2017 and we are at 26p today. That's despite all the new discoveries and proving up of this mammoth, world class resource since then.
And you accuse of of "bleating"?
An unkind person would suspect you were a shill of some sort. Not I of course. But come on, we are surely entitled to our opinions and there isn't much to be positive about this morning. Or this time next year.
Sean,
Never heard that expression a shill, would you care to explain the meaning
Mathersfinger - forever the eternal optimist.
One day you’re going to wake up dead waiting for this wedding stock to ride!
Another day another local recruited by Solg, no doubt.
Z
Mather ..... Don't ask S to do your homework for you, look it up yourself.
Hi Guys
This RNS is a car crash with obvious implications.
I think we're looking at a $100m raise.
Of course it could be designed to flush out a bid, but...
I've sent a long and scathing comment to the Company.
In a four year car crash of RNS ineptitude this is one of the worst...
Yes they'll get a raise away...
Yes the Nomad will try to support the SP...
Then the SP will slip back after the raise...
AIMO of course but I've sold another 300,000 today...
Utterly inept and it is my opinion that Ingo has gone because he didn't agree with what was going on...a prospective equity raise by a CEO and CFO who have no idea whatsoever about managing London markets...
There is already word in the City that SOLG has tried and failed with an equity raise...also a rumour yesterday that Peel Hunt have gone....says it all really...!
Sean,
Just googled it, no I’m not but it’s interesting to see how people come up with something when what is written doesn’t please them
Atb
Seen this before
Watch this drift now .... they must have been fully aware of the market reaction .... these shares will then be soaked up by those "in the know" before a corporate announcement that will most likely wow the market and many will be left high and dry ..... it stinks of duplicity