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A little detail here is they have used dgrs holdings as collateral against the loans..
there are a lot of very ****ed off people on he dgr boards after they have taken out extremely expensive loans to finance the purchase of what’s left of armour after its collapse into administration….
a little detail here is he has used dgrs holdings as collateral against the loans..
dgr stand to lose all 16million dollars of their unsecured loans they owned to armour… which bizarrely mather oversaw as he was a director of both…
no wonder mather wanted to stop spending more money on drilling cascabel and get it monetised.. solg shares are about all dgr has these days..
If the numbers are not clear and beyond question with regard to an improved IRR, it’s not necessarily game over… as the asset is still there, but I think we slide down any list of priority when it comes to M&A or JVs with potential suitors if they can make quicker profits, easier elsewhere.
It’s fair to say WE HOPE the study will clearly show that our asset can be developed in stages… but we don’t know that yet. This will be our 3rd attempt to convince, unequivocally, the mining world that it can be done economically..
But we don’t have the numbers yet to prove it… and numbers that will clearly stand up to close scrutiny when analysed at a granular level, by mining experts.
I’ve mentioned before, that if Solgold are seen to be using higher metal prices, or lower grade cut offs to help improve the IRR value, we are in trouble.
When the study is eventually released I will be scanning it for those details before going back to read its finer contents..
With regard to lower capex, I don’t expect them to get it down to circa 1 Billion.. inflation will have seen to that.. but anywhere below 2 would be a result for a multigenerational mine in my opinion.
Mid Feb I think for MDA
Any PFS if it arrives in Q1 or even Q2 will be a trading opportunity… Solgs pattern is like clockwork.. short term spike followed by drift back down unless it’s closely followed by further developments.. an opportunity to average down if wanted
I dont think anyone is Judging a whole investment case in the bluster of one person.. That would be madness... its simply making the point that an experienced investor in Solgold seems to have lost his exuberance for the story.
Irwins bullish bluster for Solgold seemed to evaporate around 6 months ago..
When his CGP friends completed the reverse takeover, he was indeed all about pushing the supposed 3 quick steps to monetisation…. closely aligned with Bobs ‘fast and clever not slow and stupid’ rhetoric… the new and improved route to a monetisation event/exit point.
I have also noted his reluctance to show any bullish tones towards Solgold these days in any of his interviews.. he barely mentions them.. in stark contrast to 12 months ago…. We can only guess the reasons.
I am sure he has a far closer understanding of how things are playing out behind the scenes… and to me it’s obviously not as he wanted/hoped for..
So we have to accept we have gone from our CEO taking over through CGP and stating we don’t need to do any more studies, it’s been studied to death…. to him having to produce a new 3rd PFS and try to find a new way forward via the Strategic Review… which is currently eternal… certainly not fast and clever..
We are where we are.. I don’t expect anything to be delivered early Q1.
There is that 30p point which I will gladly sell up and exit Solgold….
I have no interest in joining your echo chamber
It’s been a while since we were able to raise money by printing shares at a premium…
We have nothing to protect…. We don’t have a mine… just hills…. with old holes in them.. we are not actively doing anything there… it’s just hills..
Add, the Ecuador government has issued a release stating all mining, electricity and water industries continue unaffected. Maybe Solg are happy enough with that?
I’m the last to defend our communications, but I’m not sure the sudden increase in criminality warrants an RNS… unless of course it snowballs further out of control.
Number 4 is not wildly out of the question…. The endless strategic review is a great ‘confidentiality’ mechanism to hide behind if your attempts to monetise haven’t achieved what was hoped for, are now mothballed and floundering..
We now have Marshal law announced in Ecuador after the tv studio situation and even a Hamas style attack on a university campus…
https://twitter.com/All_Source_News/status/1744819615346135234
I wasn’t expecting this this week…
The chaos on Ecuador TV right now is not doing the countries stability reputation any good….
“Six serious site visits...20 plus in the data room... “. If I’m walking past the estate agent, and I stop and glance at the pictures step inside for a minute for a closer look.. then quickly leave after not liking what I read… technically the agent can say they have had prospective buyers showing interest..
I agree .. few years ago I assumed 50-60p was easily possible.
However today anything over 30p would see me happily sell up and exit this share.. but I have a horrible feeling we may not see 30p unless it’s sale of the whole lot.. and it would take competing bidders to get it over 40p.
Ok.. let’s play a game until we get there….
What’s the lowest you you want/expect before you sell your positions?
A sure sign the share price will continue to fall is when Redknight proclaims to have just topped up…