Member Info for mattlilly

FCA has made three changes in the hope of recovering lost volumes and IPOs...

Why do they think these will put London back on the map while hedge funds can still destroy corporate value by shorting?

https://news.sky.com/story/uk-stock-market-rules-shake-up-not-universally-popular-13176470

Pathetic volume again...but nobody is selling...

We are as before...waiting...

Meanwhile the $10m loan facility matures in 8 days' time...

Will it be rolled over?

My understanding is that the statement on 25 June was only because an employee at FNV unwittingly filed the documentation in their name, which addict discovered...

It is a reasonable assumption that FNV could have been the funding partner and when they were 'outed' maybe they took a step back, or...

Maybe other parties saw the need to get a move on...

Who knows...waiting...interminably...again...

PS The June presentation was probably filed for the Hannam attendance that Scott withdrew from...

Presents pretty much the same info with much more detail and of course the signing of the Exploitation agreement...

Rubbish article...added nothing new...even said Newcrest instead of Newmont...

Stay calm...the funding package will put an imputed value on Cascabel that is several times the current SOLG share price...

You're welcome RICHR...rant on mate...

Is today the day...?

Volume has died since last Friday...5.5 million in 5 trading days...

Only 8 trades in the first hour...£8,710...

C'mon Scott...bring it home...(all quiet and watertight at HQ...no leaks or hints...)

Apparently they expected to complete it by last Friday...

Its risen 7% in 5 trading days...$50 here we come...

Theres only actually 1 x 4 million

The other two cancel each other out...obviously a correction

On the website...nothing new...

Theres a June 2924 presentation that I was looking at yesterday. I presumed it was done for the Hannam conference.

Are you kidding malpenn...? While I'm looking for a re-entry, having sold out at 67 yesterday, it would have to be much lower than this BECAUSE of the need for further funding...

They had £200k cash at 31 December.

Annual admin costs £1.6 million

They raised £1.2 million in January

RE, Bo and Peter Waugh left the company on 20 December and there 'compensation' will have been paid post 31 Dec and...

There is this statement in the Accounts. Note specifically:

"These forecasts indicate that the Group and Parent Company....will be required to raise additional funds within the next 12 months."

"The Directors have prepared cash flow forecasts to 30 June 2025 which take account of the cost and operational structure of the Group and Parent Company, planned exploration and evaluation expenditure, licence commitments and working capital requirements. These forecasts indicate that the Group and Parent Company's cash resources are not sufficient to cover the projected expenditure for the period for a period of 12 months from the date of approval of these financial statements. These forecasts indicate that the Group and Parent Company, in order to meet their operational objectives, and meets their expected liabilities as they fall due, will be required to raise additional funds within the next 12 months."

I didn't bother with II...just waded into the market at c15.2 and turned out half at 19.2...

Back in at 16.63...growing optimism...it makes sense that they need working capital for a ramp up of production...

Get the cash flowing and no need for further funding...

Onwards and upwatds...the year of green hydrogen...

This is live on the website...copper project...no mention of gases...

"Outokumpu Copper Project covers the majority of the north-south trending Outokumpu Copper Belt, which has produced several high-grade copper mines, including the world famous Outokumpu Copper mine which produced 57mt @ 3.1% Cu + polymetallic credits between 1908-1988. Six drill ready targets have been identified to date, which the Company views as having good potential for hosting high grade copper along strike from and immediately adjacent to the mine."

No mention of helium or hydrogen...

https://www.rns-pdf.londonstockexchange.com/rns/6864E_1-2021-7-8.pdf

And from a 2012 RNS...

"Outokumpu Copper project

· Commenced an on-ice lake drilling programme at Lake Juojärvi to test a very large (>5km) geophysical and geological area proximal to the old Outokumpu Copper Mines (1914-1988 produced 34.4Mt @ 3.6% copper)

· At least six holes planned as part of this phase of the drilling

· Exploring for Outokumpu-style massive copper and polymetalic mineralisation on a >5km completely untested section of the Outokumpu Belt"

https://www.lse.co.uk/rns/JAY/finnish-project-portfolio-drilling-update-kibu3di8qg3j75l.html

Totally agree Italian

So as you've just turned up, you have no idea.

So just to repeat.

Scott said non equity non dilutive funding.

And in any case they have 155 million shares they can sell

Have you done ANY research here?

You might want to start by reading the RNSs on

12 March

14 May

25 June

That makes a lot of sense addict...FNV loves gold off takes...

And as I keep reminding people..

We could easily do another $50m streaming deal which would last us well into 2025 or...

At a higher price we could sell the 155,000 to say Jiangxi...

Together with the $1.5bn in the scenario you propose surely that would tease out the interested party(ies) especially those that don't want to be saddled with streaming/offtakes...

I would be very surprised if there haven't been informal approaches "what sort of level would you be looking for?" to which the answer would have been "you're wasting your time below 60p...and the copper shortages and the gold price are only going to increase..."

Here's hoping that novice's long term prediction is wrong because we get more than 55p...

Hmmmm

"Conclusion: Franco-Nevada’s $10m loan facility will hopefully buy time for SolGold management to agree on the full $1.55bn pre-production capital financing to start the Cascabel project in Ecuador.

*SP Angel acts as broker to Solgold""

Spooked by the disclaimer...?