Member Info for schlemiel

Hefty volume and some whopping prints...news in the pipeline?

Gone to NT

Buyers are back

Nm

I'd like to get inside the heads of the CEO's of BHP and Newmont and see what they think of today's news

2.488m is obviously a worked order but as to whether it's a buy or sell order is almost impossible to determined. What we do know is is that the trade was executed at 21.28p and the price finished up 8.26%. You can arrive at your own conclusions

SpaceX suppliers benefit from slipstream

NASA recently announced that SpaceX will be responsible for developing the "US Deorbit Vehicle" for the International Space Station (ISS) retirement mission planned for 2030, with a contract value of US$843 million. NASA emphasized that while SpaceX will develop the vehicle, ownership, and operation will be transferred to NASA.

This development has indirectly boosted the performance of SpaceX's suppliers. Bloomberg reports that Filtronic Plc, a manufacturer of aerospace, defense, and telecommunications products, forecasts that its operating profit will more than double in 2024, mainly benefiting from providing ground modules with RF signal amplifiers for SpaceX.

Filtronic expects its operating profit to reach at least £4.8 million (about $6.1 million) in 2024, compared to £1.3 million in 2023. Total revenue is also expected to grow from £16.3 million in 2023 to £25.4 million in 2024.

The company stated that the key factor driving this growth is the rapid expansion of the emerging Low Earth Orbit (LEO) satellite network market, particularly sales from its major customer, SpaceX. As SpaceX launches more satellites to deploy its constellation, it requires more ground-receiving stations to ensure high-speed transmission and low latency of the satellite network.

Starlink Mini: Revolutionizing portable satellite internet

To attract more customers, SpaceX has recently introduced a compact version of the Starlink receiving antenna as a mobile option for satellite internet customers. The Starlink Mini is about half the size of a standard home antenna and weighs about one-third as much. It also has a built-in Wi-Fi router and can be easily carried in a backpack.

As Starlink continues to develop the global consumer market, it is also making significant inroads into the enterprise customer domain, including maritime, aviation, and military markets, disrupting the existing satellite internet market.

Starlink has already deployed over 6,000 satellites, making it the largest single-entity satellite network. It primarily provides satellite broadband services to residential and business customers, especially in remote and polar regions where traditional mobile and fixed networks are unavailable, such as mountains, jungles, and even at sea.

As of the first quarter of 2024, Comcast had approximately 2.5 million broadband business customers in the United States, contributing US$2.41 billion in revenue. The partnership with Starlink is expected to further expand Comcast's potential business customer base in remote areas.

According to CNBC, the experience version of the Starlink Mini antenna is currently available on a limited basis for US$599, which is US$100 more expensive than the standard home terminal. However, the company emphasizes its commitment to reducing the cost of Starlink Mini antennas to accelerate market adoption.

The subscription fee for the "Mini Roam" service is US$150 per month, US$30 more than the standard home service. Currently, it's only available for use within the United States, with a monthly data cap of 50GB. Exceeding this limit incurs a charge of US$1 per GB.

Michael Nicolls, Starlink's Vice President of Engineering, stated that they are working on increasing Starlink Mini's production capacity and will soon expand the service to international markets.

Https://www.digitimes.com/news/a20240715PD215/starlink-spacex-market-comcast-business.html

Starlink and Comcast: Game-changing alliance

SpaceX's satellite internet service, Starlink, reportedly signed a cooperation agreement with Comcast, a major media, entertainment, and network service provider. This partnership aims to provide satellite broadband connectivity to business customers in remote areas.

According to Reuters, this marks the first collaboration between a traditional internet service provider and a satellite internet service provider to offer satellite broadband services to business customers. This move further solidifies Starlink's leading position in the satellite communication network field, leaving potential competitors like OneWeb and Project Kuiper far behind.

A GSMA Intelligence report indicates that Starlink has signed 17 cooperation agreements with various telecom operators, integrating their strengths to provide customers with mobile satellite network services. Surprisingly, Starlink is not the satellite network service provider with the most signed contracts. AST SpaceMobile, which has only launched one test satellite, leads the pack with 22 contract agreements.

Https://www.share-talk.com/sp-angel-morning-view-todays-market-view-monday-15th-july-2024/

During the mining could trigger the need to extend the agreement beyond the initial 33 years term.

Following a two-year ramp-up, the mine plan builds to producing 12mtpa of high-grade ore averaging 1.5% on a copper equivalent basis with a doubling of the production rate to 24mtpa in year 6.

Costs, on a net basis after precious metals by-product credits, are estimated to average US$0.25/lb with life-of-mine costs on an all-in-sustaining (AISC) basis of US$0.69/lb and the project is expected to require a further US$2.57bn of sustaining capital during its life.

Today’s announcement confirms that “management continues to review additional funding options for Project development to fully fund the US$1.55 billion required for the Cascabel Project”, including off-take agreements with smelters and funding by international development banks.

President & CEO, Scott Caldwell, noted that the streaming agreement “not only secures a significant portion of the capital required to fund the construction of Cascabel but also validates the vast potential of the Cascabel Project. The US$100 million dedicated to de-risking and technical work is crucial for the next steps in our project development.”

The CEOs of both Franco Nevada and Osisko expressed their continuing support for the project with Jason Attew of Osisko describing Cascabel as “one of the most significant copper-gold discoveries in recent history” and Paul Brink of Franco Nevada saying that it “will be amongst the next generation of large copper development projects”.

Conclusion: The US$750m gold streaming agreement by well-established names in the industry provides an important element of the US$1.55bn required for the Cascabel project and may encourage others to become involved in financing the development of what Franco-Nevada’s CEO describes as one of the next generation of large copper mines.

*SP Angel acts as broker to Solgold

SolGold* (SOLG LN) 9.6p, Mkt Cap £264m – US$750m financing for Cascabel

CLICK FOR PDF

SolGold reports a US$750m gold streaming agreement to progress the Cascabel project in Ecuador.

The funds are being provided jointly by Franco Nevada (70%) and by Osisko (30%) and will be made up of an initial US$100m, to be paid in three tranches the first US$33.4m of which will be paid today, followed US$33.3m in 2025, subject to milestones including “completion of the geotechnical drilling, and finalization of the tailings storage facility (“TSF”) design sufficient for a minimum of 10 years of operation” and a final US$33.3m, which is expected by the end of 2025 “upon certain conditions precedent being met, including, but not limited to, submission of all final permit applications for the construction and operation of the Project and the TSF” (Tailings Storage Facility).

The balance of the funding (US$650m), the ‘Construction Deposit’ is subject to “certain conditions precedent having been met, including, but not limited to, a board-approved Final Development Investment Decision and evidence of the availability of all equity and other sources of funds for full funding to completion”.

Franco Nevada and Osisko will receive 20% of the gold in concentrate from the project “until 750,000 ounces of gold have been provided, after which the percentage will reduce to 12% for the life of the mine”.

“The Syndicate will make ongoing production payments to SolGold equivalent to 20% of the spot gold price at the time for each ounce of gold delivered to the Syndicate under the Agreement”.

The company’s pre-feasibility study describes an underground block-caving operation with an initial 28-year mine life generating an after-tax NPV8% of US$3.2bn and IRR of 24% from the production of an average of 123,000tpa of copper, 277,000ozpa of gold and 794,000ozpa of silver.

Based on the pre-feasibility study, the first 750,000oz of gold due under the agreement looks likely to be delivered within the first 3 years of operations.

The planned mine is based on a ‘Proven and Probable’ ore reserve of ~540mt at an average grade of 0.60% copper, 0.54g/t gold and 1.6g/t silver containing 3.2mt of contained copper, 9.4moz of gold and 28moz of silver with 85% of the reserve tonnage falling within the high-confidence, ‘Proven’ classification of the CIM reporting codes.

The ore reserves are contained within 3.01bn tonnes of ‘Measured and Indicated’ resources at an average grade of 0.35% copper, 0.28g/t gold and 0.94g/t silver (reported as 0.52% on a copper equivalent basis) and we imagine that the conversion of at least some of these resources, and the possible identification of additional resources

Anyone see this yet? Pls post if anyone sees it

thanks

Price strengthening

It is indeed flying. Glad I bought more on last week's profit taking!

I blame racism for England's demise. If only they'd have taken the knee before the match. The politicisation of the country's greatest export has been and still is an abhorrence and an aberration perpetrated by Neo-Marxist, racially obsessed lunatics and extremists

Keep racial politics out of British sport, it is destroying our nation

Yes, it's good to see. Lots of work ahead but there's a lot of decent holders here so today's news is a great reward for their faith and fortitude. The holders deserve it..Well done

Don't forget that it won't be all sailing though, just a note of reality but SOLG is on its way!

'exercisable upon a change of control transaction of SolGold'. There's the old takeover clause, just in case it happens which I believe it will, at some point

Yes, this is just for the gold and not the copper

Https://uk.advfn.com/stock-market/london/solgold-SOLG/share-news/SolGold-PLC-US-750M-Financing-Package-for-the-Cascabel-Project/94190057