Member Info for Helpful

$3,379

DYOR

"Presumably"

There you go again, sitting there in your lycra, fantasising.

You really should get a life.

zzzzzzz

Https://www.fxstreet.com/amp/news/gold-pops-on-renewed-safe-haven-flows-at-start-of-fed-week-202505050918

DYOR

Https://www.fxstreet.com/amp/news/gold-pops-on-renewed-safe-haven-flows-at-start-of-fed-week-202505050918

DYOR

You either need to go a get a cup of tea or seek a medical intervention. Maybe both.

zzzzzzz

$3,325.

DYOR

Boring Boy you really are idiot.

If debt holders have to take a haircut then it is worse for equity holders. Why convert from a preferential position to a less preferential position?

You just bang on endlessly without understanding anything.

https://x.com/i/grok/share/zXmW7aj6tFvLMSfj7gcTWY6UV

DYOR

You really are an idiot

Bank Holiday weekend, get a life.

1. Not a placing or a fund raise.

2. Conversion of debt.

3. Conversion of debt at a premium to the market.

4. Why convert now and at a premium?

5. Why not wait for the much promised placing?

6. Any placing would be at a large discount and not a premium.

7. Converting at or after the much promised placing would secure better terms for the conversion.

8. You and Lycra Boy wet yourselves about debt holders being insiders and knowing more: if that were true, what happened here? Does it make any sense to convert at a premium to the market just before the much promised and fabled hugely discounted placing?

9. Could it be that the former debt holder expects the price to be higher soon and the volume to be great enough to be able to get out at a profit?

10. Absolutely nothing to do with me: back to your conspiracy theories.

DYOR FWs

Not my figures you FW. You do this constantly. If you actually did any reading you would know what Soma's business plan is for El Limon and you would know what their AISC is and you would therefore know that their marginal cost for the NSR Royalty was about $900.

You should also know that you put your data points in:

Gold $3,200

MC $900

Production 8,000 ounces

The resultant is $552k to RRR

Year two is 12k ounces

Same data: revenue to RRR is $828k

Year Three is 16k ounces

Same data: revenue to RRR is $700k

DYOR

*Sparring. Sparing, as in "sparing us", is what people want from you and your drivel.

Did you or did you not say that Sock Puppet was right about the Royalty whilst at the same time saying that the Royalty was due?

Classic cognitive dissonance. So if you have agreed that the Royalty is due and Soma hit their target of 8,000 ounces in the first 12 months how much is due to RRR? Lets see how you try to pretend that you have agreed it is due whilst at the same time making out it is insignificant.

Best go and wash your Lycra: looks like a good day for bothering motorists.

zzzzzzz

"I have balance and class. I'm objective and do contrition"

You are funny!

Want me to spend time going back through all your asinine posts about the Royalty? I was correct and you and your sock puppet were incorrect. It was obvious all the way through but you and sock puppet had to try to make a big deal out of it. Even yesterday you were saying sock puppet was right.

So what are you going to be incorrect about next?

DYOR

zzzzzz

In 2024

"The mine is subject to a 3% NSR royalty on gold mined on the El Limon mineral licenses, to a maximum of US$2,000,000. Upon reaching the US$2,000,000 NSR royalty threshold, the NSRroyalty decreases to 0.5% up to a maximum of US$1,000,000."

In 2025

"El Limon is subject to a 3% NSR royalty, to a maximum of US$2 million. Upon reaching the US$2 million NSR royalty threshold, the NSR royalty decreases to 0.5% up to a maximum of US$1 million."

In the MD&A it refers to the El Limon Project which includes the mine and the plant. Soma now no longer asserting that the royalty applies solely to the mine but that the royalty applies to the project.

Further El Limon is no longer processing ore from third parties but is processing ore from the El Limon licence and from other licences owned and operated by Soma Gold. It is also processing gold from former illegal miners operating on the El Limon licence. Elsewhere Soma has stated that the grade from the former illegals is better than Soma's own because they lower volume and more selective.

https://www.sedarplus.ca/csa-party/viewInstance/resource.html?node=W392&drmKey=ea0d551d4f097863&drr=ss80d4ca44b944894d6571f44634bab6be049eab68b6a6a0e7bdc0e3072363cace34e4cbfa2daf0ac6442e7406b552fd98ux&id=0c11f8b7998bcd9643ac61adcbf602716e393ac4ab9e47f1

https://www.sedarplus.ca/csa-party/viewInstance/resource.html?node=W3942&drmKey=ca6f41e3f6ec0439&drr=ss80d4ca44b944894d6571f44634bab6be049eab68b6a6a0e7bdc0e3072363cace34e4cbfa2daf0ac6442e7406b552fd98ux&id=0c11f8b7998bcd9643ac61adcbf602716e393ac4ab9e47f1

But somehow Boring Boy (the WGPQA) reckons that Dukey was correct. He wasn't and isn't. Just as he wasn't right on the Kenya renewal and that Musonoi would have a buyer(s).

Restart expected in June: so between four and eight weeks away. Do your own calcs. Initially 100 tpd and then 200 tpd. Year one target is 8k ounces. NSR marginal cost likely to be around $900k per ounce.

DYOR

Https://x.com/TaviCosta/status/1865958773313208705?t=UEHpL4jDp0KLbfJ0h0ShPQ&s=19

DYOR

Https://x.com/SomaGoldCorp/status/1917959140804268328?t=pilHtsGlWxF9zV3vcW-RCw&s=19

DYOR

Https://finance.yahoo.com/news/reconafrica-announces-annual-filings-corporate-100000136.html

DYOR

"The Company is also refurbishing its nearby El Limon Mill that had been under care and maintenance. The El Limon Mill is expected to commence processing ore in June 2025"

"El Limon is subject to a 3% NSR royalty, to a maximum of US$2 million. Upon reaching the US$2 million NSR royalty threshold, the NSR royalty decreases to 0.5% up to a maximum of US$1 million."

DYOR

Mr I'm as Boring as come but let me make something up........

zzzzzzz

DYOR

Https://www.sedarplus.ca/csa-party/viewInstance/resource.html?node=W5576&drmKey=ea0d551d4f097863&drr=sse265b16bb160a2c0e48b941392477a77a2b54cecc80e4dbe69837a113120184ee076600e7ee360215a80d3a4d06e6c33ux&id=0c11f8b7998bcd965a5f1b2f42f4f7b028a21d934289999c

They have changed the wording re the royalty...... Funny as...

zzzzzz

DYOR

Https://finance.yahoo.com/news/soma-gold-reports-2024-end-083000339.html

DYOR

Again