Member Info for SharketMare

Did Jerry not confirm with Newmont's IR team the other day that Telfer was one of five of Newcrest's mines that will be folded in to their operations?

The Newmont speculation appears to be written based off comments from a mining analyst back in May. I'm more inclined to trust what Newmont themselves do and say.

Not the most helpful of posts MH01.

For the benefit of others:

- Shaun hoping MRE2 to be published this month alongside Newcrest's other updates. Shaun will consider publishing our own should it not be, and will have the numbers verified independently and shared with Newcrest before publication.

- DFS likely pushed back to after Newmont takeover is complete, so hopefully some time early next year.

Will be interesting to see how much of the MRE2 news is already priced in here. Would be nice to see a re-rate back up to 9-10p and the price hold there for the remainder of the year.

Morning, can someone kindly confirm that we are still expecting "MRE2" and the publication of the FS this month? Have we received any guidance to suggest otherwise?

@Dip 19.14 - agree with all that, providing we aren't thrown any curveballs like acquiring more of Hav.

Q, it must then be the world's best kept secret that SOLG has managed to access $4.8bn in funding. Come on, you're living on another planet if you seriously believe that to be the case.

No one believes SOLG will be building a mine at Cascabel, or hiring in civil engineers to do so on their behalf.

Quady, given that we are on track to fail to meet the commitments of the IPA which required us to invest several hundred million across Cascabel by the end of this year, do you really think that the Ecuadorian government believe SOLG has the capability to raise $4.8bn to develop the mine?

Capability aside, they will know that SOLG has no desire to build Cascabel, because our CEO has repeatedly stated we are not mine builders. I am sure that Scott has assured the Ecuadorians that they are not about to put their faith in a mining minnow to develop one of the most critically important assets Ecuador has to its name.

The government will want Cascabel in the hands of a major with deep pockets, that has a proven track record of mine building, and one who doesn't have a CEO that keeps telling people they have no intention of building a mine.

Oh interesting, I wasn't sure and had missed the webinar where everything was discussed. The MJ piece yesterday implied that tailings and water permits were still outstanding.

More likely they have lost interest as no one really knows what is going on, or what the plan is, which is basically what the Mining Journal article said yesterday. The only thing we have currently committed to delivering this year is the environmental permitting and the renegotiated IPA.

If Cascabel wasn't economically viable the business wouldn't be valued at anywhere near the half a billion it is today.

Catching up on the exploitation agreement - delivered way ahead of schedule and a big milestone for SOLG. Scott and team are doing exactly what they have set out to - set reasonable deadlines and meet them in order to regain credibility with the market. Would be very interesting to know more about the finer details being thrashed out in the reneg of the IPA, which I imagine isn't too far away now.

NaL, my post wasn't directed at you but thanks for the outburst all the same. And yes a few too many last night I will admit.

True to form, desperate to pour cold water on any hint of positivity on an open ended statement. I must admit laughing when you tried to ridicule another poster for spending too much time over the years on this BB, seemingly totally unaware that you've posted 350+ times on this BB over the space of a few months, and not once on another share. Thankfully for you I don't buy into the whole paid-per-post nonsense, which leads me to believe you're just a sad individual with nothing better to do throughout the week and on your lonely weekends.

I'm not even currently invested in this share and I pity you, I really do.

I'm resigned to the fact that there will be a placing alongside listing on ASX. If there isn't I'll be pleasantly surprised. If there is I'll be looking to average down from the 10p average I currently have that is - for the time being - underwater. Not selling a share before we hit 15p at least.

Clear the air? That statement is totally meaningless. Could mean that retail may be given the opportunity to participate in any future fundraise.

Ace, let's revisit in a few months time and see.

Tig, the pithy responses seem a little uncalled for (as does yours acechaser which added nothing to the discussion). All I pointed out was that the SP jumping by 150%+ (your estimates) because of a cross listing in ASX is highly unlikely to happen.

I'll be the first to put my hands up and admit I called it wrong should that indeed come to pass.

"Greatland confirms that its ASX Listing preparations remain on track and it has been evaluating whether to conduct a potential equity capital raising as part of that process.

Whilst preliminary discussions have been held with investment banks, Greatland advises that the Company has not made any decision as to whether to conduct a capital raising nor has it formally mandated any investment banks in connection with the ASX Listing."

Read between the lines guys. If they weren't going to raise capital they would have come out and said so. It's clearly part of the plan and is why we are wallowing below 7p, despite the good news the company has released since May. The market knows a raise is around the corner and given the state of the markets it ain't going to be pretty for us current holders!

Hi Tig, I imagine the Oz institutions will be given the opportunity to take place in the next capital raise, which the company all but confirmed will take place in the RNS on 16/05. The Oz retail base will be able to buy at market price.

The timing/phasing of share consolidation, cross-listing and fundraise is unknown, but I fully expect all 3 to happen over the next few months.

"But much more SP moving will be the ASX listing in September ( don't know the exact date ) , when we migh see 15p , 18p , 20p , again, and you can then pay for your holiday and buy me lunch. Luv to the old girl."

Not in a month of Sundays, I'm sorry. ASX listings do not automatically result in share re-rates. The price will continue to be driven by the AIM listing in London for the foreseeable.

People seem to be ignoring or misunderstanding the point Bozi is making, which is that further royalty financing further squeezes the economics of the project and therefore its attractiveness to a potential buyer. I agree with him that it's unlikely SOLG will look to pursue this option again.

And Quady, for the millionth time, the strategic review is not just about "advancing Cascabel" and it may well involve a sale of the asset or the whole company. As per the below, which the company have stated on multiple occasions:

"The Strategic Review includes, among other things, evaluating and pursuing value-enhancing opportunities for the Company, such as:

· evaluating financing alternatives for the Company;

· a spin-out of assets, other than the Cascabel project, to all shareholders;

· the direct or indirect sale of an interest in the Cascabel project howsoever effected; or

· any other transaction or series of related transactions."

In absence of a dedicated IR guy Chris is most likely double-hatting. Still, 400k/year saved or whatever ludicrous salary Fawzi was on before he was exited.