Member Info for schlemiel

@62p

the big boys have arrived

Any reference in the note to a takeover or M & A?

'Peel Hunt upgrade the stock to buy.

Quoting “ seriously undervalued “

Topped up 20,000 more shares

Taking me to 110,000 shares

Price target 120p short term

250p fair value'

Nm

M79

You're probably correct. The only other question is what have SOLG had to sacrifice to secure that funding? That's the real question

Personally, I prefer a takeover or better still some form of singular asset monetisation following proving up

Summut triggered?

Without cash SOLG is vulnerable. It needs both short term liquidity to see it through commercialisation and capex commitments to derisk Cascabel and by extension related assets

I don't believe this is a SXX ala Potash in Yorkshire scenario but should the company be deemed to be insolvent then they're open to threats. Someone will try and steal SOLG's assets and pick them up for next to nowt

Let's have some news on funding of either opex or capex

I suppose they have no choice

'drill ready status'...sounds like SOLG fishing for a commercial deal either outright sale or some farm-in or is it farm-out?!

Add

It's all in the funding..the market wants to know where the liquidity is coming from and in what form

Nm

Blanca-Nieves Project Update - Outcrop results 6.15m @ 7.46 g/t Au

SolGold (LSE & TSX: SOLG) is pleased to provide an update on the Blanca-Nieves Project ("Project"). SolGold holds a 100% interest in the Project through its Ecuadorian subsidiary, Carnegie Ridge Resources S.A.

· Exploration identified a significant porphyry target at El Cielto Norte covering approximately 2.5 x 2.5 km and is greater in extent than the Alpala system to the south at the Cascabel Project

· At Florida, new assays from channel samples of gold-bearing epithermal quartz vein outcrops with up to 6.15m true thickness, returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au

· Advancing new target areas towards drill-ready status

· Potential for future integration of Blanca-Nieves with the Tier 1 Cascabel Project, due to the proximity of approximately 8 km

Santiago Vaca, SolGold's Chief Geologist, commented:

"Our team is excited about the overall prospect of the Blanca-Nieves Project, including the potential for future integration with the Cascabel Project. The district scale opportunity reinforces our view that mining has the potential to be a significant, multi-generational sector in Ecuador."

NM

Https://www.thetimes.co.uk/article/driver-and-pilot-safety-rules-could-mean-lift-off-for-seeing-machines-bxwz5pf0n

'and others that the Company is not yet permitted to disclose.'

Yes, good spot.

Nm

I read that a team from Saudi Arabia met with officials from Ecuador at last week's PDAC in Canada. Maybe nowt of any importance

From hereon in it's all about the funding mix for opex and project capex. It is this uncertainty that is holding back the price

I think it's a green initiative project, replanting of some form