focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
SolGold PLC - Ecuador-focused copper and gold exploration company - Celebrates "substantial progress" it has made in its financial initiatives. "Management is currently in detailed discussions with capital providers who have shown a strong interest in committing to a robust, longer-term financing package for the Cascabel project," SolGold explains, citing its flagship project in Ecuador. Additionally, it notes a USD10 million loan facility which provides an immediate cash infusion for its ongoing operations. Chief Financial Officer Chris Stackhouse says: "These developments are significant for SolGold as we continue to establish the financial foundations necessary for the next phases of the Cascabel project. The strong interest from potential financiers not only validates the project's exceptional prospects but also strengthens our capability to achieve planned milestones." The company adds that there is no guarantee of a finalised financing transactions, despite financing discussions advancing.
----------
By Tom Budszus, Alliance News slot editor
Comments and questions to newsroom@alliancenews.com
Don't worry, Rodney. This time next year, we'll be millionaires!
;-)
I feel sorry for them all..
Probably got stuck at 40p prices , hoping for a quick kill.
And have been locked in since.
Always cut losses, quickly.
And don't buy on a whim, going into a RNS or hype.
All part of the game, and expensive. As I found out in my early years of trading.
But being bitter and wishing others to lose Money.. SAD, they need HELP! Imo.
Funny how the negative posters on here.
Always keep a thread running when they want to spin rubbish.
But disappear when a positive chat thread is going.
JUST DON'T RESPOND on the thread , THEY TRY and keep going.
They bring nothing to the table, sick in the head individuals .
Yesterday's RNS.
Has only awakened, a few sleeping giants.
The world isn't getting any bigger..
And potential tier 1 mines of this size , is prime for a buyout.
Tea and biscuits anyone while we wait on the first move .
Snooze and you lose, and the first hand was show yesterday.
Multiple investors waiting to jump on board.
Gla cmg
Morning grumpy,.
I know you don't mean that.
The sun is shining, and I know you listen , and take hope 🙏🏻 from my posts.
I settle the lambs , when the wolves are closing.
You are even quoting from my thread yesterday.
For the record, I think you are decent Eloro.
Have a nice day grumps. CMG
If we ever needed a sign of hope !!.
Take it now..
Eloro , has put a positive post up...
In Eloro,we trust.
Sorry stackhigh.
Wrong poster, should have been directed at needalife.
Stackhigh
Let the local people have a voice . Hahahah
Go do some more research on the matter. I will give you a clue where to start.
June / September 2019
Welcome to 2024 , times have changed.
The future is bright ..
The future is orange, copper.
Quack , quack... All those ducks are lining up nicely.
Gla
Where's Eloro?
I'm missing his upbeat positive attitude for SOLG..
Chris Stackhouse, CFO of SolGold, commented, "These developments are significant for SolGold as we continue to establish the financial foundations necessary for the next phases of the Cascabel Project. The strong interest from potential financiers not only validates the Project's exceptional prospects but also strengthens our capability to achieve planned milestones."
It is important to note, however, that while the Financing discussions are advancing, the completion of a transaction remains subject to negotiation, and there is no guarantee of a finalized Financing transaction. The proposed Financing is expected to be subject to certain conditions, including the receipt of necessary permits and agreements, a final investment decision, and additional stipulations, some of which are still being defined.
This announcement has been approved for release by Scott Caldwell, Chief Executive Officer. Certain information contained in this announcement would have been deemed inside information.
Clearly states further funding by capital investors, will be subject to future permits.
So all down to the government now.
As we have multiple backers, for finance.
Typo last post.
The mystery company giving loan.
"MIGHT"* state
1984
Yes , in principle.. you might be correct.
And the terms of this mystery company.
State , get the licence and all the I's and T's dotted and crossed.
Then we will SIGNIFICANTLY fund the project.
Now the clues are in the RNS.
SOMEONE, is keen to get on board and a loan of US$10m and future investment to make it a SIGNIFICANT amount.
US$1.55bn is required ... I personally don't know how long a piece of string is . But I do know $10m isn't significant in the grand scale of things. Looks like we are pushing forward into initial production.
And this will certainly stir the pot today.
If the big boys ain't paying attention, they most certainly are now . Aimo Gl
Now , I can't be the only one reason this?
PROPOSED...
PROJECTED to cover a SIGNIFICANT portion...
Now today's RNS . US$10m value doesn't even scratch the set up costs ,US $1.5bn
So who is this mysterious unnamed company, and is the US $10m just the first loan.
The question ⁉️
We need to be asking.. are we now fully funded in principle for going forward.
More news to follow imo.
"This proposed Financing ("Financing") is projected to cover a significant portion of the estimated initial capital development costs of the Project, highlighting its position as a Tier 1 asset and a premier investment opportunity."
Smackhigh.
That will be TOO* late .
The grammar 🚓 🚨 will be onto you.
No wonder you are paid a penny a post. 😜
Anon
It's clear to see ..
You don't know what's going on in this play.
You have made your first post on this forum.
And it's a negative, with absolutely No substance.
Move along , plz.
Oh.. stock high .
Bridging loan?
Why not look on the bright side, for once.
It's a very positive RNS. Imo
Maybe we have No need for an actual fund raise.
And deals are being negotiated for a sale as you ponder!
And in-between such times.
If.. and I say if the funds are required to keep the lights on.
We have it already agreed in principle.
Onwards and upwards one step closer to being a game changing share. Gl