Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Sid …. Bob and co know how to raise money if and when it’s needed that’s what they do.
The share price could be anything but the main shareholders will have a price they are willing to accept regardless, so offering a few pence would be pointless.
On another subject
Re PFS
including the inferred at Alpala and Tandayama 15m tonnes copper and 36.6 m oz au. 33.6 bn lbs copper. Worth 129.36 bn . 1bn oz silver worth 22bn and 36.6 m oz gold worth 64.05 bn.
Total is $230 bn which at 3.85 copper is 59.74 bn lbs copper equivalent or a massive 131 m oz gold as a gold equivalent. It’s the largest undeveloped deposit in the world . Value it at 3 c/lb - that’s 1.8 bn
Take 30% of dNpv that’s 1.07 bn
Take a 1% royalty that’s $2.4bn.
So Cascabel could be currently reasonably valued between 27 and 80 cents US or 23- 62 p per share on application of acceptable market comparative metrics . The exploration strategy is worth more than that again.
This is why however long it takes this won’t go for peanuts 🥜’s
The other question is why isn’t the market buying like crazy at these levels , the following worries remain
1. Wether there’s an equity issue funding coming
2. Development funding even conditionally
3. Ecuador stability and tenure security, IPA
4. Exploration reinvigoration
5. Lack of communication and news
If Scott was to pull his finger out and address some of these issues they might be surprised how quickly and positively the market reacted .
Hi ToS
“With the apparent complete lack of interest in Cascabel, I’m beginning to wonder if we should just mothball it, and do a fundraiser with the sole stated intention of using the proceeds to recommence drilling the other tenements. i.e. get back to what we were once good at”
To be fair if we can’t sell something as exceptional as cascabel what’s the point in finding another one?
As for the complete lack of interest…… the only time we’ll find out is if and when the first interested party shows their hand.
I believe this will happen and thus remain invested and investing .
Agee again ….. we just have to hope Jiangxi aren’t the only game in town.
Also a price we may have once been disappointed with is very different to a price we will be disappointed with….. for many it’ll be a blessed relief.
Especially not having to come back here and worry what you might tread in
Morning Bozi
Nice summary ….. will also be interesting in the coming weeks to see who’s buying and who’s selling …… it’s the ones in the know ( the Canadians ) to keep an eye on .
It’s always been Solgold’s way …. Release solid news and neglect to follow it up with a sustainable path forward.
One day and all that
The easiest way would be to place the CGP shares with a strategic. Given the robustness of the PFS I’m certain they have alternatives now.
Whatever they do they need to get on with it.
I know Add …… wasn’t aimed at you but JWB …… off out catch you later
It’s clear that more money will be needed at some point without a monetisation event , it’s also clear there’s no need to dilute at these levels, CGP shares already on the register, another streaming deal or even an asset sale.
Plenty of alternatives
Adieu
Yes it’s an interesting article but it’s 4 days old ….. this will almost certainly be sold at some point but more news needed to get this moving again
Thanks BBG ….. couldn’t access it before
Spoof
There were a few notable absentees yesterday…. 🤔
Bad day for the sector in general but think last week was probably the turning point for us ….. but I’ve thought that before
1984 …. Maybe they simply mean they are unable to buy due to the inside information they may have at present
HFH …. I’ve thought that for a while but still waiting
I know they were looking at placing CGP shares with a “strategic” if needed but the “robust” PFS has opened up more options
Let’s hope we’ve turned the corner….
Hi max
I think we’d all happily take another day like today.
Interestingly I was told the board are still in a “closed period” even though MD&A out of the way 🤔
That’s 3 words
Why we have CGP shares, assets to sell and there’s always a streaming deal to be had …… no dilution I can see
Been thinking….. Maxit could have raised money at any point in the last few months had they wanted to…… it’s what they do.
It’s very possible they haven’t done because they know they won’t need it. Potentially the same with the revised PFS .
Whether the money is coming from a takeover or not I’m not sure. Even $50-100m for say Porvenir would see us funded for a few years.
It’s very easy to think the world is ending when we’re staring at a screenful of red numbers.
Conspiracy theory
Could the Canadians be gunning for Nick?
Whatever happens I’ve got a sneaking suspicion Bob and co will come out of this ok
It’s a guessing game now
Could be right NMM
My optimistic side hopes he could be lining up a series of releases …. Quarterlies, PFS. IPA….. etc
But history has taught me not to hold my breath
Lol twat