Member Info for schlemiel

Some odd trading going on and on that I agree. I wonder if the seller's now departed? The price appears to have slightly strengthened so maybe

https://www.thearmchairtrader.com/solgold-solg-share-price-rallies-ahead-of-agm-which-could-end-up-with-a-shake-up/

Mate, SEE need to focus on their core activities not branch out into new areas. You can spread yourself too wide and increases in activity require further spending

Mather can stick production where the sun don't shine. He's had my vote and I want to see some monetary payback not a massive dose of dilution. I had a dose before and it ain't pleasant

Payback time Mr Mather. No more dilution, plenty of monetisation

I wonder if Origin has an idea that the Kyalla results are gonna be positive which may have also precipitated this govt financing news?

tucson

I think he means in mathematical terms not in terms of sentiment

Well, the market likes this news. Now the results from this uplift thingy

All ginger people are miserable. My Red Settee always look well fecked off

Does Mather staying equal more dilution?

yes

the price will tell us all we need to know about the 'happenings' at the AGM

So how does this benefit Falcon in cash terms? We have carried costs of around Aus$270m of whatever the figure is which begs the question. Will FOG get a cash injection considering we are already carried for exploration costs?

no need for thanks fellas-fellesses...call it a civic duty

17/12/2020 9:57am
UK Regulatory (RNS & others)


TIDMFOG



Falcon Oil & Gas Ltd.

("Falcon")

Australian Government Announcement - Beetaloo Strategic Plan

17 December 2020 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased
to note the announcement today by the Australian Government that it
plans to provide up to A$50 million to accelerate exploration activity
in the Beetaloo sub-basin. Falcon holds a 22.5% interest in 4.6 million
gross acres in exploration permits (EP76, EP98 and EP117) covering the
most prospective core area of the Beetaloo sub-basin.

The funding is designed to fast-track drilling by providing grants to
cover 25% of eligible exploration costs, capped at A$7.5 million per
well and three wells per exploration venture. The funding will be put
towards exploration that occurs before June 2022.

The Northern Territory's Geological Survey estimates that the sub-basin
could hold more than 200,000 petajoules of gas (190 Tcf) and that, even
if a very conservative 10% of that gas was recovered, it could still
supply Australia's domestic gas demand for more than 10 years.

A copy of the press release is available at
https://www.globenewswire.com/Tracker?data=vKZ_N0nY0UlmK_3s39Vyz1GbYDLwhK2H0SAAgbC0AtrUe4SAKhN_o7IYXO4uSGqIeHr4mX57WcASwuc6Wc8jO_JXerGczomuda2ubAHnhIHnR0pItjFOKXJQwEwcjuK1l3dslB2p_2DuJLWwJg-NIlycrGs17WTxmEOT-hJV0ptnEnPeMhPv7ZR05I4uq0pGByBkBUAZSuCW5vw4tpqF1P9HsLU_gNfXx6NZndLsUqksJMS5Xna39Q-EI7hR4wUXebfuQGEflY14fa0XBQFQ3JuwcSqWSqz40p2cfdMHdMw6GlpDubm6ERiDZSXaLoFaoj_dMR91J7RsF7SNai7NIbhTV7IRs3fBmU_ieoXcsq7zCmJmetUkl8aM9w8uywv-
https://www.minister.industry.gov.au/ministers/pitt/media-releases/beetaloo-strategic-plan-will-unlock-gas-jobs-and-development.


Philip O'Quigley (CEO of Falcon) commented:

"The announcement by the Australian Government highlights the strategic
and economic importance of the Beetaloo sub-basin which it believes has
the potential to be a world-class gas resource, transform the Northern
Territory economy and generate 6,000 jobs by 2040.

We look forward to continue working with our partners, Origin, and the
state and federal governments and other stakeholders towards the
successful development of the sub-basin."

Ends.

there's movement on the price and more activity. Chart-wise, it is itching to break out. Any decent. commercial news and this will blast through 14-15p

The market wants to know who exactly will be in charge of the company come 4.30pm this afternoon before it affords SOLG any form of re-rating

Why release this news on the morning of this most important of all SOLG's AGMs?

Commenting on the discovery at Tandayama-America, SolGold CEO, Nicholas Mather said:

"This discovery will impact significantly on the upside for the Alpala development. We will have to carefully assess the impact on currently planned site infrastructure however, it is a high-quality problem. More copper and gold discoveries will add to Alpala's already impressive credentials in a robust copper and gold market and a supportive nation. The quartz diorite host with close similarities to the richly endowed QD10 intrusion at Alpala is indeed an encouraging element".

https://uk.advfn.com/stock-market/london/solgold-SOLG/share-news/SolGold-PLC-Cascabel-Exploration-Update/83926411