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RedKnight - You are correct in respect of the circa $50m costs which they owe for work undertaken getting ENSA to a BFS. However the BIG ELEPHANT in the room is the $400m they have to stump up as their contribution to the mine construction and this needs to be paid as the bills for the mine start hitting the door mat!

TBTT - Think NM said that the royalty doesn’t start to be repaid until 2028 and by this time Alpala will be generating income and we can repay part of the original loan and reduce the royalty to 0.5%
So I’m very much in the camp that this is an excellent deal versus raising these funds now through 20% share dilution

TBTT - Cornerstone don’t want the Franco deal for one simple reason. They are wetting their pants at the thought of Solg getting to a BFS and commencing mine construction at which point they would have to start stumping up their share of capital costs. This is their worst nightmare for all the reasons NM has articulated and they will do and try anything to avert this outcome! Their views are totally self serving and definitely not in the interests of Solg shareholders so IMHO anyone supporting their proposal to replace our BOD seriously needs their head examined

Looks like Duffer or should that be Bluffer has gone crying to the teacher. Don’t think he liked my post yesterday which is strange as it had racked up a mighty 9 likes before I turned in last night! Sadly this morning it had gone so our snivelling little cry baby has obviously had a hissy fit, thrown his rattle out the pram and reported my post which I thought was a pretty fair summary of good old Duffer. Never mind he’s in my trash can and by the looks of it in quite a few others as well so we don’t need to read his bilious tripe! In anyway enough of all this nonsense. This board is here to positively discuss the merits or otherwise of Solg and wasting time and effort on the likes of Duffer doesn’t help anyone so this will be my last post on this individual and I fully endorse Copperpots plea to ignore him.

Intriguing that they have chosen to release such a poor set of assays just 2 days before their board have to make an official response to Solgs offer! One might conclude that they are priming their shareholders to accept our offer? Probably me being a tad too optimistic lol

Given by next weeks webinar it will be mid July and thinking back to when Ecuador re-opened a few weeks ago now with foreigners having to quarantine for 14 days on entering the country, maybe Franco have now done their site visit to Alpala and next week we will get an announcement of the funding sign off?

Think we will find that by the time of the next webinar more news will have been released (maybe around Franco and completing due diligence or possibly some early results from the drilling) NM knows he needs to keep the good news rolling and my take on this latest webinar is that he will be answering questions on news which will be released just prior to the Q&A

May help explain Gettingpoorer’s moniker as with someone like him on the share register any old low ball offer will suffice! No ambition or balls just about sums up his posts and hence he will always be getting poorer lol :)

SolGold sees substantial benefit to holders of Cornerstone Shares in consolidating the ownership of the Alpala Project into one entity, so that shareholders of both companies are best placed to benefit in a potential future transaction for control of the Alpala Project. In the event of no such potential future transaction, Cornerstone Shareholders risk being required to fund their share of development costs, which would be challenging for Cornerstone Shareholders

The above is contained within the offer document. The bit I particularly like is the sentence “ so that shareholders of both companies are best placed to benefit in a potential future transaction for control of the Alpala Project“

POTENTIAL FUTURE TRANSACTION FOR CONTROL OF THE ALPALA PROJECT

Keep hold of those shares guys and gals as we are strapped in the rollercoaster which is now leaving the station on what promises to be the ride of a lifetime!

Typical - Just as I posted my order went through! Another 25,355 of these little beauties tucked under my bed for a mere 21.25p a share. What a bargain!!

for a mere £5k as my broker couldn’t give me a price even though we are talking around only 25,000 shares! Maybe as others have said they are currently filling a very large order?

Just trying to work out your past infestor moniker. Your not per chance the bright spark who threw his rattle out the pram and sold out to buy a painting for £30k are you? Judging by your recent posts you clearly demonstrate a bitterness towards Solg and NM which indicates someone who has a chip on his shoulder and is hell bent on getting it off his chest! Clearly whether your the Picasso loser or another of the sad souls who have frequented this board over the years with their bilious views trying to feather their own sad little nest. Either way you have exhausted your credibility on here so it’s time for you to put down your poison pen and accept that you were as wrong then as you are now about Solg so it’s a goodbye from me (your off into my trash can of filtered losers) and I’m guessing it’s likely a goodbye from most of the other good folk on this board who can see you for exactly what you are. Ahhhh feeling better already :)

Jerry - Cant blame you for being just a little bit more focused on what’s going on over at GGP today especially as you hold 36m shares in them. By my reckoning the rise today of just less than 1p has grown your cash pot by a staggering circa £350,000! Not bad for a mornings work whilst eating your corn flakes lol :) But of course like us all you need to sell to realise your profit but a very very nice problem to have. Respect to you for having the foresight ( not to mention big cojones) to accumulate such a massive holding in GGP. Maybe you could get a seat on the board lol

Thanks Red Knight much obliged! Amazing lack of fundamental detail on LSE. Beggars belief!!!

Red Knight

See below LSE transactions between the times you have highlighted. As you can see there is no reference to 10m shares? Can you share a view on your source with detail? Thanks

10-Jun-20 16:35:24 21.75 80,000 Sell* 21.75 21.90 17.40k O
10-Jun-20 16:35:11 21.75 217,439 Sell* 21.75 21.90 47.29k UT

SolGold's PFS programme continues with a September 30, 2020 objective. With the conditional royalty funding from Franco-Nevada, and the recently completed equity raising of US$40 million, the Company will be fully funded for the next 18 months, including the Alpala PFS, DFS and all activities required to achieve development decision in addition to regional exploration costs and all overheads."

Nick says now fully funded for next 18 months to produce PFS/DFS plus pursue other regional targets

will NOT be sold to fund the exploration of other tenements. This was stated quite categorically by Nick on one of the recent webinars where he responded to a question about using the sale of Alpala to fund exploration of the other high quality tenements in our portfolio. Nick gave several reasons why he was against this but the main one was the punitive taxes which would be payable if Solg decided to sell off Alpala as a single entity. Personally I was disappointed to hear this as like others the idea of using proceeds from Alpala to explore the rest of our exciting targets seemed a good plan. So not sure how or why the taxes would be so punitive if Solg tried to sell off Alpala but Nick couldn’t have spelt it out any clearer so for me this debate is over and it’s either Solg being sold to the highest bidder in its entirety or Alpala going into production and Solg using that as a catalyst to help fund the rest of its exploration in Ecuador.

Ned / Cookie - Pretty sure in the Red Cloud Web Cast when talking about CGP he talked about 4 things their shareholders should consider when deliberating Solgs offer and the 4th one was around how CGP would be stuffed (think he used this word or something similar) financially when they had to stump up their £450m share of Alpala costs which by my reckoning is 15% of £3 billion!
So their share of costs up to DFS can be paid out of future revenue/ dividends from the mine but by the looks of it their share of the construction costs (£450m) needs to be paid during the construction phase hence Nick saying they would be stuffed financially

Agreed Tregantle. For me it’s all about getting the PFS done and dusted by late Sept - just 2 weeks before the lock in agreement with BHP expires! If NM had gone down the route of combining the PFS/DFS it wouldn’t have been published until probably late 2020 at the very earliest and probably not until the end of Q1 next year by which time we might have already had a predatory bid from BHP ( or another major) taking us out for a lowball sum! Doing in two stages gets our defence up much earlier especially with 15th Oct deadline looming IMHO