Rainbow Rare Earths CEO George Bennett makes the investment case for #RBW at London South East. Watch the full video here.
Good afternoon Janice, while I disagree with your position, I do sympathise. However without Nick Mather, I believe we would have been taken out cheaply. When you say we will not get funding to go to production may I remind you of a few facts. After the PEA we were told that the cost to production was just over 4 billion dollars. I think 4.3 billion was the figure, but if I am wrong then someone on here will correct me. We are now awaiting the PFS which will be open cut and get us to production faster and cheaper, also please remember that Ingo has said we have 1 billion lined up and that was nearly two years ago. I personally am invested because I think after the PFS with the revised gold price at 1700 dollars an ounce, up from 1300 dollars on the PEA. Means we can do this. Nick Mather has his faults, but he also has his good points, and the one good point I look too, is he wants to bring Alpala to production, but if he cannot do that, he won't let Solgold go cheap.
Addicknt what a ridiculous post. First of all Cascabel is not 100% owned by Solgold today. It's 85% owned, I have never said it will be 100% owned. 2026 is fair, as although we will not have a full block cave operation, we will I believe be producing and advancing towards a block cave mine. The dividends will depend on the revenue set against the costs and taxes, so will largely be dependent on how this is financed.
No one in Solgold is talking about massive dilution, only clueless people on this forum. As Solgold will largely debt fund this.
Again you set up straw men to be knocked down, by pretending people have said things they haven't. Lastly to be clear, I have never said that a bid wasn't possible or we would definitely make it to production. I have said looking at the facts and evidence, that production was the most likely outcome, and that I didn't believe a bid was possible as the book was too diverse and that holdings would have to change hands to make a bid more likely.
Hi SharketMare may I point out that Redknights position almost entirely mirrors mine, after telling me for ages I didn't know what I was talking about. I believe this has happened, because like me he is listening to what the company are saying, and not making up conspiracy theories like addicknt, Zoros and BBG.
Good evening, for the record addicknts predictions. We will be bid for as soon as BHP are out of Standstill. This will be all over before Christmas, that was 2020. We will never get to PFS. The diverse book acts against us. This will be all over after the PFS. And I am reminded that I don't know what I am talking about but addicknt does. He constantly says that just because I have been right about we are going to production so far, doesn't mean I will be right in the future.
I would say to addicknt, just because you have been wrong about everything in the past, doesn't mean your be right in the future.
One last point Solgold can never fund Alpala, it's just impossible, and if anyone thinks they can, they don't know what they are talking about.
I so look forward to addicknt being proved wrong on that point, and that will make him the most uninformed poster on this forum, as he will have been 100% wrong on everything.
Oh dear, more conspiracy theories. BHP, will not overpay, and with the diverse book, will not bid, as the price will end up being more than BHP wish to pay.
We are looking to fund Alpala, and with the right engineering company, build.
Just playing catch-up. It seems that RK's summary is things are progressing, PFS will be on time, we are working on the funding for Alpala which we expect to be debt funded with minimal dilution.
Really all the things I have been saying for two years, and RK has rubbished me for, saying that independent funding of Alpala was impossible.
How did I know all this.
Simple I listened to what the company was saying.
Good to see Redknight is coming to his senses.
Sorry but 0.15 for open pit, we were told 0.3 on Alpala and then it was dropped to 0.2
I am guessing that this is the case as copper equivalents are using 1700 dollars an ounce for gold, as opposed to 1300 dollars. But have to remember this is MRE1, and we had three MRE's before we got Alpalas PEA. Really unsure how this is going to be received.
Afternoon DBW, I saw the open letter, however if their was anything in it. The Solgold share price would have responded in a positive way. It didn't, so from my point of view nothing has changed. However we have the PFS and the first MRE's at Porvenir and Tandy to look forward to.
Good morning Jerry , we haven't had any false dawns apart from the date of the PFS, the false dawns you refer to are the conspiracy theories set by posters on this forum. Yet again we have people saying we will get an offer or be taken out. They ignore the evidence and facts available. Some don't even know the definition of evidence or fact. We proceed in the way the company has outlined. We still don't have a CEO and again this creates another conspiracy theory. Let's try listening more to the company, than to the uniformed posters that have largely taken over this chatroom.
Hi Bozi you are correct that we haven't seen eye to eye, but that is largely down to his dismissive approach to me, when he always says I lack knowledge and then I turn out to be right and he is wrong, he never corrects his statements and says that I continue to misunderstand. I just find him arrogant and lacking emotional intelligence.
You are correct that he has knowledge, but I think he has dug himself into a hole, and looking at the evidence would mean that he has to admit, he has called this wrong.
He will never do that, as he is not that type of person.
On the issue of the letter, I agree it's unusual, but I was taking the line, what is the purpose of making their feelings public.
I would suggest that they are trying to wind up PI's to protest. After all it was the PI's that carried the day recently.
Another entity looking for an early payday and selling us out cheap.
If they thought BHP had some hold on Solgold, this letter would have not seen the light of day.
However saying that, the letter clearly states that they expect Solgold to go to production.
All the best.
PS: you. rcgl2, mathersfinger,DBW and a few others are really the only people I enjoy reading these days.
I am not posting so much these days, as I have come out of retirement to take on a project, won't say what, as that may identify me, but will be posting less for the rest of this year. Maybe a little longer.
\addicknt you just point out that I have no knowledge of the cooperate world and you continue to display no understanding how the cooperate work works.
I was never a CEO, bit I understand how things work and I have been investing for 40 years.
You have been wrong on Nick Mather, the cashbox raise, which I said could happen, I just forgot the term at the time, as I have seen this many times. Again you said I didn't know what I was talking about, but yet again I was correct and you were wrong.
You don't seem to understand what cash raising options companies have.
You have maintained that Solgold cannot raise the cash alone, yet Solgold state they can.
Whom am I to believe, you or the Solgold board.
You have posted takeover at every opportunity at every event, you are now saying we will get a bid after PFS.
Bozi is correct, forget BHP, as NM has 20% of the company backing him, that is more than BHP, but you continuously say BHP is in charge.
I am sorry but you show very little knowledge of how these things pan out.
If BHP make a move to take control of Solgold, you will see the diverse book come into play, ( another thing you don't understand ).
Then no other block holders will support BHP and you will see the diverse book in action and defending us at an independent level.
Hi Mog rcgl2 post at 17.55 tosay, link goes to letter.
Addicknt you are becoming more ridiculous day by day, making things up to support your world view.
I repeat BHP did not stop Solgold taking the extra 50 million, that was a decision taken by Solgold.
I have repeated many times, I do not believe in conspiracy theories. If you have evidence, please post it.
Thank you rcgl2 the letter certainly expects us to go to production, that's why they increased their investment.
addicknt BHP did not stop the second part of the Franco Nevada deal for 50 million, Solgold chose not to take it.
You just made that up to suit your world view.
If I am wrong, please could you publish any statement by any party that backs up your view.
Addicknt your doing it again. You are trying to find minute details to change the facts to fit your way of thinking. BHP are not going to overpay for any discovery. They will try and acquire as much of Solgold as possible through issues. They certainly won't get into a bidding war.
Just read what both Solgold and BHP are saying. Solgold are saying and progressing Alpala to production. BHP are saying no to overpaying.