Member Info for schlemiel

Interesting nonetheless but yes, the special resolutions infer some form of dilution (or indeed one of Mather's bargaining weapons, whichever way you look at it)

the costs of exploration afforded to Falcon by Origin in return for a higher stake in the Beetaloo licences does not enjoy any form of recording on FOG's balance sheet. It is a significant albeit illiquid asset to FOG but does not appear anyway on company records. Odd but then I suppose that's accounting regulations for you

That's the $50m question mate.

How BHP, NCM and CGP vote on all resolutions will be interesting though some degree of mathematical dexterity will be needed to work out who voted for what. I don't believe the identity of how shareholders voted is available

Pick a number above $3bn and then add some as budget overshoots are a fait accompli on projects of this size and breadth

The market wants clarity on funding both Opex & Capex (assuming SOLG take Alpala to production). When that is confirmed then I believe you will see price progress as uncertainty falls away.

BHP and NCM hold 30% of SOLG. NCM has already stated they see 'long term value' in SOLG. The SOLG v SXX comparison overlooks this but the market is conscious as it always is of further dilution to finance opex and capex...it;s the quintessential concern of all pre-production resource companies

Bornite - an overview

'Bornite contains 55.31% copper in the purest form and its presence is an excellent exploration guide for discovery of new mineral deposits.'

That's Newcrest at Havieron with Greatland

Newcrest did sterilisation drilling before they commenced the construction of the mine opening so it could be checking suitable ground for infrastructure

''I know for a fact that POQ is pushing as hard as he can to speed things up - Maybe we see the nitrogen injection this month or early January - we’ll see.''

Wet's an insider?

nm

Falcon Oil & Gas Ltd.

("Falcon")

Operational Update - Kyalla 117 N2-1H ST2

10 December 2020 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) provides
an update on exploration activity in the Beetaloo Sub-basin, Northern
Territory, Australia following the successful hydraulic stimulation of
the Kyalla 117 N2-1H ST2 well ("Kyalla 117").

As announced on 25 November 2020, operations were being planned to
re-enter Kyalla 117 with coiled tubing and apply nitrogen lift to lower
the pressure in the wellbore and to assist with achieving and sustaining
gas breakthrough. If successful, this would allow extended production
testing to commence. The timing of operations was carefully considered
as the wet season approaches, with health, safety, environmental and
cost considerations in mind.

The JV has decided to execute operations without delay with all of the
necessary equipment and consumables for the nitrogen lift being prepared
to mobilise to the well site.

Further updates will be provided to the market as appropriate.

Philip O'Quigley (CEO of Falcon) commented:

"The decision to execute operations without delay is really good news
and we look forward to updating the market as information from
operations is available"

has started

https://www.afr.com/street-talk/betaloo-basin-s-tamboran-resources-mops-up-rival-20201209-p56m2m

Betaloo Basin's Tamboran Resources mops up rival
Sarah Thompson, Anthony Macdonald and Tim Boyd
Dec 9, 2020 – 9.32pm

Ambitious Northern Territory shale gas explorer Tamboran Resources is understood to have sealed an all-scrip deal to acquire fellow explorer Sweetpea Resources, giving a major boost to its acreage in the promising Beetaloo Basin.

Anything that resembles a GGP JV or SOLG equity stake arrangement would suit me fine

I don't want to see hefty dilution. All suffer when a CEO becomes filled with a sense of imperialistic bombast. It's akin to the dickkheads who've been running this country since 1990 when they simply dilute the currency to finance their lofty politics

I've been there and it's unpleasant and indeed unending. No one wins

What a strange reaction to a positive RNS.

'continued interest from third parties'. Is this AA? I bet they had a peak at these results before yesterday news

What can we do except wait to see what happens

Joined Wed

If Mather does dilute heavily to finance his tedious dream of going to mining he'll destroy any chance of price momentum for all small shareholders. I voted for his special resolutions which I believe to be a subtle threat directed at our so called backers which it seems Mather is intent to provoke

Mather needs to understand one FECKIN THING. SOLG does not belong to Mather, it belongs to all shareholders

https://masterinvestor.co.uk/equities/johns-mining-journal-featuring-greatland-gold-solgold-and-ncondezi-energy/

wo weeks ago I suggested that Greatland Gold (LON:GGP) was very expensive in comparison with, for example, Solgold (LON:SOLG), since when an extension to its farm-in agreements with Newcrest has propelled the shares 30% higher. One broker in fact has increased its estimate of the content of the soon-to-be announced maiden resource, and is ‘reviewing’ its original target price which, four months ago was about half what the share price is now. Speculation is that Newcrest has increased its commitment because it has spotted the potential revealed by recent drilling to substantially expand the size of Greatland’s Havieron copper/gold deposit and that its gold content is much higher than originally thought. I’m no expert on Geatland so readers should take no notice of my opinion of its value. All I can say is that its shares are on the sort of ‘roll’ which attracts more and more investors (private and otherwise) whose end no-one can predict.