Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There is absolutely Zero chance our management (or any for that matter) would have wanted to leave financing to the very last second… so it’s either a case of they failed to complete the deal they probably assumed they had and have been left trying to secure an alternative, last second solution…. Or there have been so many competing offers of financing, Solgold have been able to have providers one up each other before they choose the one to move forward with.
Given Solgold always underwhelm and disappoint… I’m expecting the former to be the case.
Time will tell.
Commodities expert on Bloomberg earlier was making the case the current copper price is caused more by speculators not the demand… Chinese demand for it is now actually quite weak.. inventories are not at major lows… and he stated he expected prices to fall back until Chinese demand picks up.
No thanks to any more royalty deals... Every royalty deal we do makes the discovery less profitable to any major considering taking it on..
It will be a cheap placing of the CGP shares... At nowhere near the $25 million Scott spoke of them being worth 12 months ago..
Then another 12 months of floundering, obfuscation around whats happening and more requests for support come the AGM. salaries and options all around..
Solgold starting to look like the last bit of bread left on the shelf that was passed over by everyone else.. bit squashed, a bit broken… been looked at, squeezed and fingered by all customers, only to be then left ignored, looking past its best, with its best before date on a cliff edge….
Bit like my ex wife..
Traditionally the share price always tanks after Scott opens his gob in an interview...
The vote in Ecuador went against returning to International arbitration... which may explain some weakness in price..
https://www.tni.org/en/article/ecuador-holds-the-line-on-isds
I assume we are all ****ed off at the moment Woody.. Our successive management have been appalling for 3 years now. Nothing but fob offs , excuses and pleas for votes come the AGM.
I hope I'm wrong, but to me this has all the signs of financing has stalled, or hasn't been as easy as they expected/hoped for...
So I am fully expecting another painful, can kicking raise, probably by placing the CGP shares at a disgustingly cheap price, followed by some Scott interviews where he will talk about 'continuing to derisk' and avoid answering any questions regarding the now forgotten about strategic review... That will cause the share price to quickly fall back from any short spike.
IF... and thats a massive IF... Any monetising deal is being lined up, It will be far far below most peoples expectations, and will certainly not reward any long term holders for their investment... Scotts admission he would take 23p has already illustrated that.
This has been and will probably stay, a poor investment for most.
3 weeks to MD&A
While
Perhaps Scotts 5k investment last week was to keep the lights on and pay the phone bill why they find someone to sell the CGP shares to.
Tufford is just a social media manager... nothing more.
He couldn't explain which way is up and which way is down, never mind explain our performance or cash management.
Solgold management doing what Solgold management does..
A chance we end up announcing another painfull short term can kicking fund raise.. Then options packages all around.. more interviews from Scott talking about derisking... and on it goes
We will know our cash balance in 3 weeks when the quarterly is released.
It's going to be an embarrassing number unless financing is sorted before that..
It was a comment that shows many peoples lofty valuations here are simply way off the mark.....
They are based on hopeful, ideal scenario valuations, Valuations people dream of happening...... not reality valuations..
The Solgold story has soured over the last couple of years... the markets have lost all belief our management are capable of delivering.... they will have to take whatever they can get. Bob is not looking very fast and smart any more.
I remember days of large drilling campaigns, excitement about potential additional discoveries, numerous, regular, drill assay RNS to support positivity and momentum.
Now we hope to raise money to be able to keep the lights on in the office…. And maybe one day our CEO will reach his dream of selling up for 23p.
Many who invested their hard earned here may not get any increased return on their investment, especially if you consider the inflationary costs of being in here for years against lost opportunity costs of being elsewhere.
Bit disappointing really.
It’s actually quite pleasing to see the overall defence of Israel’s position here..
Hamas could have brought an end to all this (after they initiated it) on any day over the last few months, by simply releasing the hostages. Instead they chose to use a twisted logic that they are somehow the victims… At the end of the day if you attack someone without warning… you don’t then get to choose how hard they hit you back..
Israel should be allowed to finish Hamas off once and for all…. And no one with a functioning brain should miss them.
I’d much prefer London to be full of Israelis than the Palestinian crowd that spit their hatefulness every 2 weeks, making the city a nightmare place to be!
Rockerfella he isnt
That’s a lot of buggary
Chinese latest manufacturing numbers impressed.. Gold hitting new highs… copper staying strong.. wider sentiment does seem to be in our favour at the moment. Hopefully a good news RNS is going to get this recovering even further next week..
A fair way to go yet before we get back to any respectable valuation, but things seem to looking more promising than they have for a long time…
Our CEOs recent interview didn’t hint at any transformational monetising event any time soon… but something has to happen… momentum does seem to have shifted.
23p...
Scott probably just wants it all over and done with, like many on here..
Then he doesn't have to to fly out to his Ecuador hotel room ever again.. Doesn't have to spew his 'Continue to de-risk' deflections when being questioned, or have to put up with Tuffords inept nonsense anymore ... and he can retire a wealthy man...