Member Info for schlemiel

amazing, absolutely incredible..cost me thousands!

spectacular...we have differences on here but I honestly wish all holders profit hugely from this special company...the effort put in on here by all deserves to be rewarded...just keep an eye on not over-reaching..I sound like old Mother Hen, sorry

Tokyo

I wonder if Franco spoke with BHP before signing off on this royalty financing deal? It wouldn't surprise if they did as part of their due diligence exercise

I had a feeling a site visit for compliance purposes wouldn't be required though FN's promotion of Alpala-Cascabel in their company presentation last week pointed to this. It's a massive endorsement from the world's largest royalty financing company and reduces the pressure from BHP-NCM to cave into a low ball bid

The road to monetisation is now much clearer and that should please the market. That's one roadblock removed. Now for CGP

SolGold PLC Completion of Franco-Nevada Royalty Financing
14/09/2020 7:00am
UK Regulatory (RNS & others)

Solgold (LSE:SOLG)
Intraday Stock Chart

Monday 14 September 2020

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TIDMSOLG

RNS Number : 8686Y

SolGold PLC

14 September 2020

14 September 2020

SolGold plc

("SolGold" or the "Company")

Completion of Franco-Nevada US$100 million Royalty Financing

and Repayment of US$15 million Bridge Loan

The Board of SolGold plc (LSE & TSX: SOLG) is pleased to announce that it completed the previously announced US$100 million royalty financing pursuant to the NSR Financing Agreement ("NSR Financing") with Franco-Nevada Corporation ("Franco-Nevada"), in relation to the Company's flagship Alpala copper-gold project and the remainder of the Cascabel concession in northern Ecuador.

On 11 September 2020, Franco-Nevada advanced to SolGold US$100 million (the "Royalty Purchase Price") under the NSR Financing Agreement, less the amount of outstanding principal and interest under the US$15 million secured bridge loan pursuant to the Bridge Loan Agreement ("BLA") with Franco-Nevada announced on 11 May 2020. The aggregate amount owing under the BLA was therefore repaid out of the proceeds of the NSR Financing. Accordingly, the Company is not required to issue 12,220,000 warrants to Franco-Nevada that would have been required had the Company elected to extend the maturity date under the BLA for a further four month term.

SolGold will apply the funds received to progress the Alpala Project through to a final feasibility study and a development decision. The balance of the proceeds are expected to be used for SolGold's share of the development of Alpala pursuant to agreements with the minority shareholder of Exploraciones Novomining S.A. (ENSA), Cornerstone Capital Resources Inc.

In return for the Royalty Purchase Price, Franco-Nevada has been granted a perpetual 1% royalty interest to be calculated by reference to net smelter returns ("NSR") from the Cascabel concession area in accordance with the terms and conditions set out in the NSR Financing Agreement. Furthermore, the NSR Financing can be upsized by US$50 million at SolGold's election to a 1.5% NSR royalty interest on or before 11 January 2021.

Franco deal sorted

nm

responsible and reasonable. Some newbie investors can be a tad green behind the ears, naive almost. I don't enjoy anyone taking risks they can't afford to take.

I read that Frydenberg wants an Aussie as the next Rio CEO. Why western politicians now think they have a moral right to intervene in the board appointments of private sector companies is beyond me. It's like living in Soviet Russia or China

Ethnicity and nationality could well determine the next CEO of Rio. It would not surprise me if Sandeep Biswas is being tapped for the role. That could open up a new area of possibilities for GGP. Rio's 'War chest' is considerable

All speculation of course.

This type of nonsense warps the perceptions of newbies who may be taken in by such an exercise in managing expectations. It's dangerous practice and should be ignored by all serious investors

'Potential candidates include Sandeep Biswas, chief executive of Newcrest Mining, and Anglo-American's highly rated Mark Cutifani, according to bankers and ...'

Now that would be interesting, if it happened of course

hyd

Well, you know more than I do fella

I made the same mistake a few months back mate but it does show that understanding what is as opposed to what we believe it is can make the difference between success and failure in the stock-market

It's a weighting figure

It is a stock-market truism that there's always, ALWAYS another opportunity to make money and it appears when you least expect it.

The proceeds of the financing are to be deployed "to fund the costs to complete the Feasibility Study and any surplus will be used for SolGold's share of the development of Alpala pursuant to agreements with the minority shareholder of ENSA, Cornerstone Capital Resources Inc. ("Cornerstone")."

As a result of the travel restrictions imposed to contain the Covid19 pandemic, Franco Nevada has deferred a site visit until restrictions ease, however, other due-diligence studies have been completed and "As a backup measure, both parties are also investigating alternatives to a conventional site visit".

https://www.proactiveinvestors.com/companies/news/919271/morning-view----bluerock-diamonds-kodal-minerals-vast-resources-and-others-919271.html

Personal circumstances mate. I for one have been burnt so many times. My selling is unrelated to the company, more an almost overwhelming urge to protect what I have. Some may think that's irrational. It is what it is. I cannot afford to be complacent going forward.

I had 1m at around 1.68 way back on 6 Dec 2019

Self-select Stocks & Shares ISA
Investment name Greatland Gold Plc Ord 0.1p
Deal type Best Sale Proceeds £16,301.00
Deal date 06 December 2019 Commission £7.50
Deal time 12:35:32 PTM Levy £1.00
Quantity 1000000
Price (p) 1.6301
Settlement date 10 December 2019 Total amount £16,292.50

That's a head wrecker. I'd now have £200k...

'staked his', 'them'

Copper, Potash and Nickel. Mike Henry's (BHP CEO) stake his company's future on the. He calls them 'future facing commodities'. Commodities that have a practical utility, an industrial application though gold and silver still retains a core function

Oh, and iron ore and gas, obviously