Member Info for mattlilly

Why?

In any case, 'project finance' raising wouldn't come before the DFS which he says will be in 2025...

But that doesn't prevent you announcing offtake offers, which you don't have to take up...

E,g, SXX announced that they had conditionally sold their entire annual production of polyhalite...at terms to agreed at the time of production...

P235 of PFS3 informally indicated they had 10 EOIs for more than $1.6 billion in total.

With the permission of any formal offeror, they could announce any or all of those offers without ever having to take them up...

Then people like Quady would jump all over the implication that they had fully funded the Phase 1 CAPEX...

Think what that would do to the SP...?

Takeover Code relevant quotes:

"Absolute secrecy before an announcement of an offer or possible offer is of vital importance. If secrecy is maintained, it should be possible for offer preparations to be conducted in private, without an announcement of a possible offer being required. Accordingly, all persons who are privy to confidential information concerning an offer or possible offer must conduct themselves so as to minimise the chances of any leak of that information. For example, confidential information should only be passed to another person if it is necessary to do so and if that person is made aware of the need for secrecy....

A key issue in applying Rule 2.2(c), Rule 2.2(d) and Rule 2.3 is whether an offeror has made an “approach” to the offeree company regarding a possible offer. ...

For these purposes, the Executive interprets the term “approach” broadly. Each case will turn on its own facts, but the Executive normally considers an approach to have been received when a director or representative of, or an adviser to, an offeree company is informed by, or on behalf of, a potential offeror that it is considering the possibility of making an offer for the company. This may be at a very preliminary stage in the offeror’s preparations and the manner of the approach may be informal and no more than broadly indicative...."

Now communication at Solgold has been totally bolted down...one contact said "we're scared to talk to anyone about anything..."

And Scott said he cannot buy shares.

But..."theres lots going on..."

"In the event that the Company undergoes a change of control by way of sale of greater than 50% of the voting shares in the Company, or 50% of the assets of the Company..."

A JV for Cascabel wouldn't do it (51% of the Assets) because of the other projects especially Porvenir and Blanca Nieves, unless...

And not even if its 51% of the Balance Sheet Assets (i.e. $458 million) or $230m...Scott has said Cascabel has had $300 million invested so far, so it would take 77% of Cascabel in a JV to trip the Options qualifier in that case, so...

We have to be looking at an outright sale...

Meanwhile, have they had an informal approach yet...? See my next post...

This is already a Gold play...especially if you take in Porvenir, Blanca Nieves, Rio Amarillo, and $70 billion in Cascabel...

And for many who don't know the story I still think the name SolGOLD is a big reason for the correlation to GOEX, GDX, GDXJ as well as COPEX, which just set a new 2 year high...

The gold miners only have 9 years ore left...as well as Bristow saying they are looking at 'copper/gold' plays; Scott has made clear that the gold can be produced at the same time as the copper at no additional cost AND...where you find copper you often find gold...

Let alone the silver we have at Alpala which produces a globally low AISC of c$1/lb for copper...

They also said on P235 of the PFS3 that they had EoIs totalling more than the initial CAPEX for Alpala...i.e. $1.6 billion....

As my very good friend has pointed out to me...

Scott DOESN'T need to be in a 'closed period' for "non dilutive, non equity funding"...so their must be something else brewing i.e. 'monetising the asset'...lesser project sale; JV; SOLG bid; W.H.Y.

How about a J/V for Cascabel where the 51% partner gets first dibs all the ore in return for funding the whole of the upfront CAPEX

The Phase 2 CAPEX is funded from revenues...

Interesting alternative to a full bid but...if it was announced as a proposal I believe it would trigger bids anyhow...

"Monetise the asset"

Why accept 51% when you could have 100%...

Meanwhile the "non dilutive, non equity funding" could drop any minute...

Then watch the SP go...its the only worry left now for those who don't get the full picture...

Hi add...I think it was a deliberate tease, scripted, to flush out bids...

Of course a Board recommendation counts for a lot but the Noront Board recommended Wyloos bid of 55 cents but after BHP weighed in they ended up paying 110 cents...

What strikes me is that the video was filmed on 16 March, between PFS3 and Blanca Nieves...

I think they held it up until they were advised GDX, GDXJ and COPX were Rio for take off and the timing was perfect...

Viewed first 13.00 Oz, AM London and AM Canada...which piqued retail investors, started the SP spike and kept the momentum going for 36 hours.

If you think about it anyone coming fresh to SOLG would see the video or hear the fact and think...8.5p...24p...easy triple bagger...

This thing will either end in a major JV or Jiangxii owning the most mining real estate in Ecuador on the back of a fruitful trade deal with China...

Closed at 10.73 on TMX

This rise has come on real volume...over 40 million the last 2 days, in what would normally be a quiet week...

10.73 paid on TMX

Thank goodness I didn't listen to the eejit who told me to cash in the 500k I bought at 5.90...

SOLG up 71% since 1 March...

More to come...

Thats the uncrossing trade...

10.60...high of the day...

SOLG opened at 10.15 on TMX...all trades at 10.15...

'The 3 analysts offering 12 month price targets for SolGold plc have a median target of 64.15, with a high estimate of 65.73 and a low estimate of 60.98. The median estimate represents a 652.03% increase from the last price of 8.53.'

Https://markets.ft.com/data/equities/tearsheet/forecasts?s=SOLG:LSE

Thanks. Respect mate.

Addickt...you know I respect you but I cannot stand the constant bickering with NAL...

Please desist. It adds nothing and gives him oxygen.

Last chance I'm afraid before you join the filters.

Sorry mate. Just want a quieter life without having to wade through rubbish.

If hes posting rubbish, ignore him...please

Schlem...no placing!

He very specifically said:

"non dilutive...non equity..."