Member Info for AKGold

I believe today's announcement have made few things very clear, we are still progressing at a good speed or faster. I would like to see the next milestones laid out by the Board -
1. Funding - Short term for next 2 years - and Long term
2. BFS
3. PFS
4. Govt permissions to start construction
5. Regional update
6. Bids - If any
7. Retaining share holder's value.

If there are any other news, pls add..

What would be more rewarding it to see the us reaching for 25-30 P by next week.

I reckon we should get some press coverage as well.

Jerry we recruited Mr Ingo last year to sort the financing. I believe the no 10 or more is a mix bag of traders and smelters.

Anyways I agree it's non binding but if a Mkt statement was released I believe they would have been in advanced talks and have already made up their mind to shortlist few.

In my view from a previous RNS they said it can take upto 4-6 weeks to draw an agreement not sure if PFS, bfs would be a pre-requisite. Any knowledgeable person can comment on this please.

What I am more excited about is that this gives a big push to the Bidders to come out and show their hands.

Thanks Quady - I know this might be instigate a good news flow and good for us. Not sure if I am a major would wait for the Iron cast guarantee for PFS, BFS and price would already be doubled or I show my hand based on all the data and take my chances and have the upside.

I agree earthling, now the Majors sitting on the Fence knows that the funding package is REAL and we have massive support from community even in down times like this, we have more then 10 offers from smelters / traders to be interested and happy to evaluate it more then PEA. Hope that gives them some indication.

If a Bid comes below 3 Billion would that be treated as Low Ball offer.

I agree Quady, Now with work being stopped at Cascable and other targets. The only front they have to put 100 % is financing and CGP bid. Do we have a list of news we are expecting before OCT - 2020

Hope to close above 22p that BHP paid, BHP must be watching this and preparing their game plan. They don't want us to be talking and have interest coming from traders / smelters etc...

Does that mean they can still bid for us before Oct-2020.

Great news !! The good thing is there is soo much interest that we have to choose a shortlist.

The second thing that caught my eye was "The most credible EoI in size, counterparty and volume represented a substantial economic improvement over PEA assumptions. " Well if we can be better valued then the PEA it's very welcoming.

Finally NM in his statement said "SolGold's view, deliver a much quicker than expected development decision." Well does it mean that we can go in production before then 2025.

It will mean CGP to either loose their pocket or bend down and agree on the terms, I hope NM has a solution for that as well. Finally CAT is out in the pigeons, we should expect the majors to show their hand before it's too late.

GL all LTH. We will soon see the pay day.

We need news for Funding , CGP and others to make Mkt realise the true potential.

We should be above 40 P right now.

Do we have any news on the Cornerstone story.

Thanks Pad , I know we are insanely undervalued.

He needs to provide the exit point to the PI's. Not sure what will trigger the Bid process. MRE3 is out now.

Hope to have a bid next few weeks/months not Qtrs.

Thanks, Have a good break

I seriously hope that we do get an offer soon, patience is really tested.

NM need to give something back to PI's , which he has mentioned many times.

I hope it arrives soon.

I agree, it's tempting. I would hope if Solg was brave to have a RNS for MRE3 during Covid-19. There might be more coming.

But don't quote me on this, just an observation.

Current price is great entry point for anyone. Let alone the Majors.

I am all behind the NM Mgmt of not selling cheap. Anything below $5 Billion would be a steal price.

Come on Majors show your hand.

Great MRE-3. Finally it's out. I would have expected a big jump in price but may follow with other pending news.

Good post iceberg, I think we at 350 Million are very undervalued right now, we should be easily ranging between 40- 50 p.

I am expecting Bids post Covid 19 - Now ith PFS and DFS scheduled in later this year and early next year.

With Approx - 28 Billion just in gold. CU and Silver is a dream to have.

I am expecting Bids arriving soon - 3 Billion to start with just for the Cascable. Go RIO, Chinese, Newmont , BHP and others.

Not sure why the SP has been behaving badly recently, I trust this company and with Julian Dunkerton now leading, expect to see it gives us massive returns in mid - long term.

Anything less then 2.50 is a steal for me. Glad new ISA kicked in would help all of us to load nicely.

I am bit puzzled to this as a good sign for SP or not. We were hanging between 15-19 p when the FTSE was around 7000 +, now FTSE 100 BM is around 5500 and we are still in that range. Does this mean if FTSE goes up we might be able to get 15-20 % uplift .

Hope it will be like this. Once MR3 is released with news on funding plans + regional news. We should see it moving upwards.

GL All.

Just read the RNS lots of good points to take.

The one that got stuck with me is that NM and Jason have said they want to buy more shares in next 30 days. This is what I call skin in the game. They are happy to invest and they know what it's going to be.

Need to find more money to invest.

Addicknt - Mate thanks for the great info. This should be a great news.