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Its comparative to previous volumes sire...
SOLG closed at 9.28 in Toronto...right at the bell..up 7% on good volume...
And there you have it...
105 out of the last 125 posts green stripes...
So if you're moaning at me...I can't hear you...
74 posters filtered...thats what this BB has become because intelligent people can't resist intellectual master-baiting...
WILL YOU EXERCISE SOME SELF CONTROL!
I COULDN'T BE MORE ANGRY...
THIS IS A SOLGOLD BB NOT A FORUM FOR PEOPLES POLITICOECONOMIC VIEWS THAT HAVE ABSOLUTELY NO BEARING ON SOLGOLD.
STOP IT NOW!!!
I dont think Scott would have signed this on 4 March if there was the slightest concern about the cash position...
SolGold Announces MOU for Sustainable Hydro-Solar Energy at Cascabel Project
"The MOU encompasses key considerations such as a potential Power Purchase Agreement (PPA), financing arrangements, construction responsibilities, technical aspects, project operation, and the ultimate end-user of generated energy. This agreement sets the stage for further technical assessments, facilitating progress toward a more definitive agreement while concurrently advancing Cascabel. SolGold will not be directly responsible for financing, building, or operating the power project; instead, its role will focus on leveraging its position as an end-user to qualify for discounted power rates upon Project completion. Additionally, SolGold is committed to supporting its partners in fundraising efforts."
Thirty three green strpes out of the last 40 posts...thats 83% and worse than the Autobots...
Please take the needle out of your arm(s) and stop feeding Quady red meat...
You'll never change him....
Hi small...
The most importasnt RNS is this one:
https://www.lse.co.uk/rns/SOLG/pre-feasibility-study-technical-report-mh8l4oh1w1nfxvx.html
And if you have time it is worth reading the document, especially P235.
If you haven't, here is the Company summary:
https://solgold.com.au/projects/ecuador/cascabel-project/
Please don't worry about the cash.
In the absolute worst case they could issue equity, or better, sell the 5% of SOLG shares in the CGP subsidiary
But NEITHER of these is going to happen...
There would be absolutely no difficulty in doing another modest streaming deal for $50 million as we have done before.
This is also clear from P235.
But given the TEN Expressions of Interest in Offtake approaches which already add up to more than the entire CAPEX cost of building the mine, together with between 30 and 40 seriously interested parties in the dataroom, interested either or both in Cacabel and/or the nearly 90 other regional projects (including Blanca Nieves of course...even bigger in scale than Alpala and less than 10km away)...
Plus the radio silence for weeks now and clearly Directors being barred from buying for at least 3 months now...
There is clearly much going on behind the scenes...
So the question is, what breaks first?
Cash secured for at least 2 years...
A stunning announcement (s) in keeping with points made above...or...
The first bid or bids...
Good luck
Duh! I stupidly missed this...
MSCI is a SUSTAINABILITY Index...
I only picked it up because ATYM are expecting to join it...
Whoever buys SOLG becomes the biggest mining concession owner in Ecuador...
With by far the biggest...and so far unfathomable...untapped copper and gold resources in the country...
At right on the Andean Belt...
If you remember, on 14 February, MSCI announced that SOLG was leaving the MSCI Index because its MCap had fallen below the entry level...
Result?
For the next 15 days, MSCI Tracker Funds had to sell their SOLG shares...at least 20 million...
And the SP dropped as low as 5.69...
Who bought those shares...because SOLG has recovered as high as 8.90 since...a 56% bounce...
But heres the thing...
A couple of weeks ago, HH pointed out that the MSCI Index will be rebssed in May (announced mid May)...
And with the MCap almost £50 million higher than when it was regulated, it is a racing certainty that SOLG will return to the MSCI Index...
Which means that from mid May, all those funds will have to start buying back those shares...or more...
If we get that far without takeover bid(s)
But then if we are still independent they will have to buy into what may well be a much higher and rising SP...
So where are they going to get 20 million shares without driving the SP even higher...?
So we may have a perfect storm gathering over the next 8 weeks...
Non dilutive funding announced...
Conditional offtake funding agreements for the entire CAPEX cost to build Cascabel to full production...
Gold at and setting new record highs...
Copper moving back up towards $4.20...then $4.70 and record highs over $5...
So how long dare the 30/40 intrested parties or the serious bidders dare to wait...
Past history (2010/11) shows too long and they end up buying Junior Miners at inflated prices.
Now all this may seem like a ramp...and that is not my intention...please don't blame me for supreme confidence but I CAN'T move markets...
But I consider realistic scenarios and then I back them up with verifiable facts.
I would welcome anyone trying to shhot down my arguments but lets be honest...
You're perplexed and I'm perplexed...the SP should be WAAAAYYY higher...
Capice?
It could be...but then I noticed that ATYM is also littered with A Trades and they are a mature, fully producing copper miner...
But then I remembered that there is speculation around ATYM being a takeover prospect and with them lined up for a full listing in May...
Under an offtake mining agreement, a buyer or offtaker commits to purchase a specified quantity or portion of a seller’s future mining output. Offtake mining agreements run for varying lengths, including spot, short-term, and long-term. Under a spot contract, the purchase price is a one-time price that the buyer and seller agree on. Contract length varies but can be as long as 30 years.
An offtake mining agreement offers various benefits. From a seller’s perspective, it guarantees revenue from the sale of output, which can be a key determinant when trying to acquire project financing. The buyer benefits from the guaranteed receipt of a specific amount of output over a specified time frame.
An Expression of Interest (EOI) is a formal document prepared by a buyer for a seller, demonstrating the former’s willingness, ability, and a price range for purchasing the latter’s business, asset, or security.
Schlemiel...you've just hit on why the SP is 8.7p (apart from it being held down...)
But we still have c$10 million, which funds operations for 5 months at $2 million a month...
And there is non dilutive funding coming...
You're right to point out that this isnt SXX...they were mining polyhalite, not even potash...
But they couldnt raise the £500 million...even with convertibles...
But SOLG already has offtake offers to more than fund Cascabel, from just the first few years of production...
Which means that say another 0.5% royalty for $50 million would be a walk in the park...two years funding...or more...
And when the non dilutive funding is announced you do not want to be out of this share...
If we get that far...
There are between 30 and 40 parties now in the dataroom...copper has broken out and there us a large smelter and output gap looming...
But gold is going bananas...
So with the second biggest Tier 1 copper prospect in the world, how long before a copper (Jiangxi) or gold (Barrick) or coppef/gold miner makes the first move.
To remind.when Wyloo embarked on their takeover battle for Noront they had 37.5% of the shares. And the price went from 25 to 110 in 8 months...
Nobody at SOLG has more than 10%...
And ask yourself, why have Newmont walked away from Havieron, but stayed AG Solgold...?
Part 3
Page 235 of PFS3...
And why hasn't it dawned on the market...?
Especially with gold and copper surging...the assumed prices in PFS3 are $3.80 for copper and $1700 for gold
Cascabel alone is now worth $8billion more than PFS3 ($2.32bn copper; $4.9bn gold; $0.8bn silver), in the ground...
But what about P235...?
"SolGold has to date received ten qualifying Expressions of Interest..."
"SolGold has also received material offers of funding in exchange for offtake from a number of traders...."
SOLG has received offtake offers for the first unknown number of years of production that amount to MORE THAN the total CAPEX for Cascabel...
So lets say $1.6 billion...
So if those conditional offers were signed tomorrow, why wouldn't SOLG immediately be worth $1.6 billion, or £1.2billion...
Or 40p/share...?
But the after tax NPV of Cascabel is $3.2 billion so if the mine was fully funded by offtake agreements...and that was at $3.80 copper and $1700 gold...
So why wouldn't SOLG be worth at least $3.2 billion, or £2.46 billion...
Or 82 pence per share...
So when will the market filled with doubters wake up to this simple logic?
Or will it take the announcement of conditional offtake agreements sufficient to fund Cascabel...?
Or will it take the first...and subsequent bids...?
Have a good day...
Part 2
Hannam Partners have just valued SOLG at 63p...they're not stupid...
Ingo was a partner in Hannam before he joined SOLG
After PFS2 there was no point in going ahead with the DFS because the North American markets, primarily Canada, were in effect closed to mining finance, especially for a minnow like SOLG, irrespective of how powerful the story was.
To have raised the CAPEX would have meant massive dilution, either by straight equity or convertibles.
Ingo left SOLG when Darryl was in the process of trashing the company...
So what's changed...?
Part 1
On 21 February Jiangxi inked an offtake deal with First Quantum for the delivery of 50,000 tonnes of copper for the first three years of the Kansanshi MIne in Zambia.
Average annual production at Alpala in PFS3 is 123,000 tonnes a year.
In simple maths that grosses up to $1.23 billion for a 3 year deal or $1.64 billion for 4 years.
The CAPEX for Alpala is $1.55 billion
It doesn't matter if the assumptions are too simple...its the principle...
And I haven't even taken account of the average annual production of 277,000 ounces of gold...
Current street value $600 million a year...
On 1 March Jiangxi bought 26 million shares in First Quantum for $212 million...
First Quantum has "vast debts" currently $6.42 billion and rising...
Last night...
I was checking the share price and it was 10p...then it was 21p..then 43p...
And I thought how has this happened...
It was a FOMO feeding frenzy in SOLG shares...
So I thought..its just a dream...
But how could it happen...?
And then it came to me...
Read on...
Dollar dropped like a stone...gold bounced over 3% in 4 hours of trading...more to come...