Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
run your winners chaps run your winners
SOLGOLD^ (SOLG, NR, CNP) – Q4 CY19 burn of US$14m sees ending
cash of US$23m; will need to raise more funds shortly, we believe. It was
unclear to us from the Q4 2019 reports as to when the latest Alpala resource update
will be completed (last promised for Q4 2019). We would not be surprised if the
Pre-Feasibility Study (PFS) and Definitive Feasibility Study (DFS) on the project
slip past (the revised target of) end Q1 2019 and (the currently unchanged) end
2020.
We have previously opined that as well funded as SOLG has been for a junior
company, very significant funds are required to properly explore and develop Alpala
and the rest of the company’s extensive tenement packages. Despite “adjusting”
its monthly cash burn in Q4 2020 and BHP investing a further US$22m during the
period, SOLG ended 2019 with US$23.1m of cash (US$33.8m of current assets;
US$6.5m of current liabilities), after operating and investing activities burned
through c.US$14.1m (Q3 2019: US$24.5m).
Clearly, SOLG is going to have to raise more funds in short order. The company
reiterated that it is in “late stage negotiations on a number of strategic financing
options”, including “traditional and alternative” options.
Oh well I guess that was our dip ;)
Jeepers I didn't expect it to keep rising today. I have quite a lot already so I haven't added.
Wow how the frig had i not seen that short positions icon!
Thanks bud so the last bit we have is:-
Polygon Global Partners LLP 2.81% 6 Dec 2019
whats that site that shows current short positions?
I've seen some talk on here about Mather being dodgy and pointing to how he did other deals. Does anyone have evidence of this? Doesn't really add up to me with the options they granted based on them being able to raise the current share price.
The loan terms have improved though. I do remember that.
hmm so it's not the end of the world
@kenj so what if they don't have 500m by nov 2022? ~ 3yrs time
Hmm so are we still dependent on a increased gold price? Is that what these recent investors are pricing in?
Sorry this might be a daft question but can they use profits before tax to pay off debt?
What do all these Russians know about the business that we don't? They seem keen though eh!
the dalio effect https://www.linkedin.com/pulse/paradigm-shifts-ray-dalio/
Is there a stock more leveraged to the gold price than us?? Love this rise!
I bought another 10k myself today