Member Info for highflyigman

The much anticipated re-rate certainly hasn't appeared yet that's for sure.... 😒

In negotiations, a deadline is always a good thing to focus the minds, so I just hope the 19th was announced to the world from a place of supreme confidence or else next week management are going to look beyond foolish.

That said, it's taken a while longer than everyone thought to get this far mainly due to factors outside of Solgs control, but they have significantly progressed the project.

I also wonder what other news they are sat on as it would have been a hopeless cause delivering more bonanza Rns's with no cash to back it up. Secure the finance and let's see what other value accretive news is in the backlog.

Let's hope for a good week all as it's been a long and winding road. C

If this RNS does represent Bob walking to the ring with his bat ready to force the majors into submission, maybe a follow-up RNS in the morning with the first blow to Bob with another major milestone signed off. What are we still waiting for that we're due an announcement on?

Come on Bob - batter 'em!

Ah, matures - paid back would make sense. i.e. we'll have sold down the river a big chunk of your future profits unless you move now..... if that's the reality I like and thanks for casting some light on it for me. Brutal day so thanks for the input gang. If that's the message then will be interesting to see how the sp reacts tomorrow as that's a nice hand. Cheers all. C

Thanks both... think I get it now, its the fact that its implied that its FVN behind the significant finance is the key here, not the activation date of the 19th of July or that its for 10 mil.

So the message is ... 'if you're serious then bid now or we'll take down a 10 mil loan, then another x hundred mil from FNV and then continue to derisk / plan / screw this mine build up.'

Can someone help me here as I think I'm being thick and unsure as to why today's news would flush out a bid or force our hand on major financing.

19th a 19mil loan provides by FN kicks in, so what, another 10 mil loan surely isn't going to force the hand of a suitor? Major financing of 750mil might do by not 10mil.

What am I not getting?

Thanks in advance

New holder syndrome GMG... seen this all before. It will happen one day though which is why I hold a ton of shares here. ATB, C

I'm with you Damers, as we know this will be a non-dilutive investment, it can only be for an NSR deal.... But what we gonna start doing with 500 mil+.... start building a mine ( or just use the funds for land purchases / infrastructure for the mine which is where ENAMI come in? )

... but this should all result in a re-rate of the SP which builds a stronger base for an actual suitor to bid from. Cracked it. 💥

... but my questions is what are they going to get for stumping up the funds? ... another offtake agreement as this has to be non-dilutive based on previous commentary?... christ knows... soon to be revealed I guess!

Apologies for the multiple posts... this bobbins site isn't built for mobile and I'm struggling to see the screen in the sun!

Understood HfH... so a miner with the relevant experience in executing projects like Alpala / Cascabel stumps up the funds to start the build, likely in exchange for a % of the company ( maybe treasury shares )

This is the only option Solg Management ha e right now so I'm fully supportive, I just hope whoever the funder(s) is/are that the market is sufficiently impressed and we get see some value returned to shareholders.

Of course, back to my original point, this could also force the hand of any of the other suitors into making a move.

Let's just hope the funding is north of a bil, the partnership is JXI and ENAMI and this is a sh17 or get off the pot moment for BHP, Newmont, Barrick or any of the other suitors.

HFH, this is kinda what I feared... in the absence of a bid thus far we're raising the cash to start the build with presumably a partner who has the required skills and knowhow for a project of this scale.

So what's the thinking?... we raise the finance for 'a significant proportion' of the build, we then start the build and get bought out in a few months?

Surely if a suitor wants some of our assets, strike now? Termination of any finance agreements will come at a cost so may as bell buy the bloody thing before we sign away more financing ans start ballsing up the build?

Is this threat of financing a play to flush out a bid or 'the plan' and along with partners ( Jxi and ENAMI ), we're now mine builders?

Thoughts?

Failed major capex projects are a graveyard for CEOs. Now Newmont have taken over Newcrest, they have the best blockcaving expertise in the business and with environmental considerations now at the forefront of every business, it will play a role in mining deep resources where appropriate moving forwards.

Maybe this is what's driving conversations between BHP and Newmont and a combined bid would be compelling and a huge coup for Ecuador. What's now for sure is that the Chinese won't get this without some competitive tension and that drives value for us.... or let's hope so anyway! C

Agree that BHP could still be a big factor in the destiny of Solg and it's assets. They have been quiet except for expressing their displeasure of recentl royalty raises, but let's not forget it wasn't long ago they were called out by Twiggy for unsettling the board, and they only bothered doing that for a reason.

Henry and his exec. Will be smarting from their failed Anglo bit so will be keen to illustrate progress in other attempts to gautentee BHP copper supply for decades to come.

Great few weeks on the horizon now IMHO. Enjoy all, it's been a long time coming. C

Bet you wish you had the cash NAL, best of luck with whatever your battling with. C

Added another 10% to the holding this am. As with all proper investments, be patient, grind it out, so long as nothing changes, stick to your thesis and good things happen.

Well done to the Solg mgt. Team, they're doing the right things and all LTHs will do well from here as I expect this to go for multiples of where we are now. @Add, I too like the commercial freedom this RNS hints at.

Ignore the incessant muppets that post here daily, no idea of their mindsets but worrying to say the least. This board serves little purpose any more as its all been said before and its now over to management to get this done.

Best wishes to all those with the vision, fortitude and patience to see this through. C

... meanwhile another strong day for copper in the offering. Bit more patience required here and there must now be some pressure on the bureaucrats to get these permits rubber stamped.

Steady as she goes. C

I wouldn't get too hung up on the bots RK, I sold a considerable chunk today in a single trade as I bought in mine and the wife's ISAS last week and the week before, and I've already got a ton of stock here so wanted the non-isa stock back as cash ( plus a smidge more ). When I looked for my single trade it was nowhere to be seen but there was a slew of smaller trades so I guess that's how HSBC sold it down. My trade was cira 12:45.

@shipright... it started a while ago. Wars are no longer as we knew them... listen to this interview from Pippa Malmgrem ( both her and her father were presidential advisors and she's super smart )

She mentions a lot that's well know in certain circles but not in the mainstream press. If you have an interest in geopolitics or even just how it may impact markets, this will be the best thing you've heard in ages.

https://youtu.be/5r3J-dNG6g0?si=aZkawQaSstqmmA0P

@Damers, still up for that pint in the stammy once this gets flogged... anyone else in the South Manchester area also welcome - even City fans ;-)

Enjoy.