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Here we come.
DYOR
The Project is too big for SOLG to handle alone, the Majors know that, Nick Mather also knew this.
There is no sympathy in big business... They wont feel sympathy, they will wait for the company to struggle and pick it up for peanuts.
Another clueless knob head
I can’t understand what they get out of posting such rubbish
You know best David85
Prediction….screw loose having been made to look a moron will disappear off into the abyss just like his last incarnation, and the moniker david85 that he registered just after the last msci rebalancing when originally rested his forked tongue will pick up the mantle
Such a tosspot
Don't worry, slug- there's plenty to embarrass you with too. Each time you've laid it on thick with quady... Going to have to row back now.. 🤣
The 10m facility I feel is just to get solg to a timeline of greater development. I would also assume if a greater amount was needed it would have been forthcoming.
Almostdone, I'm sure you're right. In an attempt to avoid overloading the balance sheet with too much debt, the company has gone for the minimum amount required to take us to the next stage. I guess this means they have a pretty clear idea of the various timelines for negotiating the project financing and the delivery of permits etc. (some news on the CIPA would be welcome) Hopefully the MD&A will provide details of the current state of play, although I'm not holding my breath.
As for the headline of this thread, if the facility merited the description, it would imply there was equity involved i.e warrants/options/placing of existing shares to the lender, and the company would have had to provide details. Given that they haven't suggests no such arrangement has been agreed. However, I'm sure the loan comes with an expensive interest rate attached, but in the scheme of things $10m is fairly insignificant.
My own concerns about yesterday's announcement relate to what comes next, specifically my hope that we don't enter into a jv.
"Q, the track record of the company in terms of delivering what it says is abysmal."
I wouldn't worry. According to the posted quoted above, add, it's just hot air anyway to try and explain away the need for an emergency loan
Aquinaga.
You my friend have taken the title from novice.
From now on. You will be referred to as chippy.
Add nothing, but can't help yourself chiping in all day every day.
Like a child, sniping from behind a curtain
I think you will find hot air is adikts go to phrase when he has no answers.
The unrest in ecuador, hot air. The 4 million going missing hot air. The cfo running to the hills, hot air. The French translater, hot air................
The ceo or cfo, making a statement.
Absolute truth, not hot air there.
Check his posts
SH, I hope it was me who said it, because it's true. Under the previous regimes the track record was terrible and SC has also made some mistakes. However, I happen to believe matters have improved and we now have a clear view of what he's trying to achieve and let's hope he does so.
Nal, I know this will come as a huge surprise to you, but if you look back at my comments on the issue of the missing 4m and French translation, as well as many other things, you'll see I was every bit as critical as you were. I know you're fond of making stuff up, but you really should check your facts first.
David25 started this headline. He has been a member of the board a very short time and has contributed 25 posts in respect of 4 companies ...all negative..
This shows the true colours of this deramper, not invested in any of them.
The utter nonsense being delivered by a number of subscribers to this board with only negativity their thing is alarming , downright boring but damaging.
Yesterday's RNS should have provided the terms of the facility yes..but the fact it is available is more important.
I am a long term holder of SOLG and my interest is to see the share price reach its potential.
Partrytime. I agree it would have been helpful to have more details , however there maybe a very good reason why they cannot reveal more at this stage. Whilst negotiations are ongoing secrecy if often necessary. Agree with you about the constant negativity.
I know folks expected me to come out negative re the rns. I purposely kept quiet so as not to be blamed for all sorts. I think the loan is the starter to the main course which I am waiting to see announced. No way that small amount can do anything but keep the lights on. The implication is that the small amount is intended to tide the company over until they can complete the big event! How is that for positivity?😇
Eloro, good man! and you're right, it was keep the lights on stuff, but that's not surprising, is it? We're a small explorer, so it always comes as a bit of a surprise when some people appear not to understand the constant need for working capital. In this respect we're no different from all the other explorers out there.
Anyway, I'm glad you're feeling upbeat.
Addickt...every time you respond to this thread people see that negative header...
I thought you were smarter than that!
Start a new thread instead as I did...
Yeressshhhh
Oh the irony of red rampy’s post…….
For someone allegedly so successful in trading , notwithstanding having to t trade as he has no funds, he doesn’t seem very comfortable currently………
The poor old gang of 3 rampers BBG, RK1, DBW haven’t had much success over the last 3 years…..
No wonder they are trying to control the narrative on here to dig themselves out of the 💩