Member Info for HereforHemo

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RE: Environmental permits23 Jun 2024 11:34

Fomad whilst I agree with your comment in principle, I think the Ecuadorian elections next May would be of more importance to a potential suitor. So let's say this time next year may well be the time a major makes a move on a fully derisked Cascabel, technically, environmentally and politically.

But, as Fort has eluded to, there are reasons they may not. Firstly they would have to pay a substantial premium of the current NPV. Secondly, I believe SOLG will soon force them to play their hand, and this will be the outcome of the financial initiative update given in the RNS on the 14th May.

So what do I think it will be? Well it won't be an offtake as that would have been concluded by now, and wouldn't provide the cash required by SOLG to do what they now want to do, that is to drill and progress other prospects whilst continuing to derisk Cascabel.

In my view it'll be a gold royalty agreement and the comments from the RNS stating it'll cover 'a significant portion of the initial capital development' ($1.4bn) and 'highlighting it as a Tier 1 asset and a premier investment opportunity', I believe we are looking at an initial finance royalty deal of $1bn. This will mean it will be one of the worlds top three royalty companies, two of which (Franco-Nevada and Wheaton Precious Metals) have completed deals in Ecuador but only one has dealt with SOLG and has tge financial clout to conclude such a deal, and that's Franco-Nevada. That's who I think has arranged the bridging loan and that's who I think will conclude the royalty deal.

Just shows, be careful who you listen to on here.

You can never predict how long a multitude of lawyers will take to finally sign off a complex document,but I'd be amazed if we didn't get the transformational news we want next week.

There has been and will be no leaks.

The confirmation will just be there one morning at 7am.

My sincere hope is that a substantial amount of working capital is included along with the Cascabel funding that is expected to cover a significant portion of the initial capital costs.

All in my opinion.

Affrm why do you think SOLG employed Mr Liu, look at who he advised on M&A's.

https://www.lse.co.uk/rns/SOLG/solgold-appoints-new-directors-lirb1b6u7ujv4gr.html

Many views on whether this is a gold play or a copper play but it's important to remember in Cascabel we have a full house.

https://www.fxempire.com/forecasts/article/will-2024-be-the-year-when-silver-prices-hit-50-an-ounce-1445419

We know all we need to know about NAL. He's bitter, angry, broke and a compulsive liar. His mother should have done us all a favour and swallowed.

Eloro the 19th was set purely to give additional time for negotiations on the longer term financing to conclude.

I very much doubt we'll have to wait until the 19th, personally I think we'll hear early next week.

Pbow with SOLG stating in their RNS that the finance agreement will cover 'a substantial portion of the initial capital costs' which from memory I think are around $1.5bn, coupled with them stating 'it will prove Cascabel as a Tier 1 asset and a premier investment opportunity', I would be very surprised if it were only a few hundred million dollars.

Depends what you think a substantial portion would be I suppose. We'll soon find out!

NAL there's only two things that are certain.

Firstly is that it will indeed be excellent news, and secondly I'm far too intelligent to ever divulge what contacts I may or may not have to imbeciles like you.

We have seen major progress on Cascabel over the last few months with a MOU signed for a Hydro-Solar plant, the Complementary IPA signed with the Ecuadorian Government (in advance of the definitive agreement to be signed shortly in Equador), which outlines a commitment to spend $3.2bn on the Cascabel mining concession, and the Exploitation Agreement being signed.

Following the revised PFS being released we are now a matter of days away from hearing details on the financial agreement we have reached for Cascabel which we understand to cover a SIGNIFICANT portion of the initial capital costs which I believe must be around the $1bn mark. But, I don't think this is the most important thing to shareholders. What is going to lift the SP is the working capital included in the financial agreement that is going to cover all costs for the coming years, independent of Cascabel, that will allow SOLG to restart all exploration and drilling activities across their Ecuadorian portfolio, to run in parallel with their Cascabel activities.

Suffice to say, the deal to be announced will be transformational to SOLG from both a negotiation stand point as well as adding value in proving up additional assets.

Obviously just my opinion but I'm excited about next week and beyond.

NAL If i spoke to someone who spoke to SC it doesn't make him my mate. You're an absolute clown!

Met if SOLG is sold with Cascabel fully derisked I've always said the same. £1

Rich, I talk to various people and am well researched, nothing more than that.

I do not have inside information, never have, never will.

Neeedalife always good for a story, nothing you say us factual. Like the time I said Zak Mir predicted 16p, but you edited my post and said it was me. Absolute clown.

Now yes I predicted SOLG would attend PDAC, and yes I predicted there would be high level meetings, and yes I also predicted when the revised PFS would come out and for that matter was the first to predict that Franco-Nevada had provided the loan and were highly likely to be the company behind the forthcoming royalty.

But, when have I EVER said I know anyone who knows Mather and for that matter when have I even said I have ANY contacts in SOLG? Could you enlighten me?

Affrm you may be unaware of the history of Needalife, he certainly doesn't short SOLG as he has no money.

He invested in Mathers Australian companies when the Chinese economy was contracting and lost a fortune. Him and his mates want to shoot him on sight lol. Anyway, like a true man, cries and whines every day as he just hates the thought of people making money in the other Mather company he should have put his money in lol. Best ignored!

Bozi it's not investors that think the finance deal is hyped up and significant, its SOLG themselves.

They were the ones who decided even the negotiations were worthy of an RNS and they were the ones who stated, and I quote:

"Substantial progress made in our financial initiatives"

"Financing is expected to cover a significant portion of the initial capital development" ($1.4bn)

"Highlighting its position as a Tier 1 asset and a premier investment opportunity"

Whether we proceed with the royalty, or a Tier 1 comes in and buys a majority stake or all of Cascabel, its going to be big and its going to be soon.

A significant royalty deal is on the table, my guess around $1bn from Franco-Nevada.

The longer it takes in the run up to the loan expiration date of the 19th, the more it increases the likelihood of a counter offer being received.

Total blackout at SOLG which is a real positive.

Tick tock.

Umm having reread it's true...don't drink and text lol

Poor old Neddy, would shoot Mather in site, which explains why as he says "I've dedicated my life" to saving SOLG users lol. You couldn't make it up lol.

An imbecile, incompetent (probably incontinent as well), useless, inept and so angry bitter and twisted, all because he lost all his money 'investing' in the Australian exchange. But you keep blaming Mather..he must have pressed the buy button for you lol..

Absolute muppet, do boring and insignificant in hear even your blow up doll has left you lol.