Member Info for smickster

Bozi, I'm guessing people's reputations will be fine if the final outcomes is a positive one.
The fact you are still invested says to me you (as i do)believe this will be the case.
So we wait in pain as we watch our paper gains wiped out.
What would not be good is for a raft of pi to sell out when we may need them going forward to stand against bhp tyranny.

Like rRk said yesterday, it does t make sense to talk down your investments.
Just some transparency required , that's all.

And for balance I'm pretty unhappy with many things at solg but choose to stay invested.
If I no longer believed in the story I would sell up and move on leaving the good people to it.

This is not to say a rasing issues is a bad thing but some blatantly take the biscuit.

Making a killing today.

Fort don't rise to it.
Bozi has a hard time reading anything positive.

Let's hope so Fort.

Looks like accounting mistakes as opposed to someone fiddling?

This misappropriation resulted in the overstatement of our exploration assets by US$4.6 million, with the associated false expenses having been capitalised in-line with SolGold's accounting policy. SolGold concluded that it was appropriate to write-down the value of these assets accordingly and restate our financial statements. The profit and loss impact for the year ended 30 June 2022 amounted to US$227,846, reflecting the fact that most losses were incurred in prior years.

the Directors expect that future funding will likely be provided by equity investors, debt funding or via other strategic arrangements.

Sharket if we continue on this road I reckon he won't be our ceo come December.

Still a lot of posts missing

Quady that would be fine with me.
Concentrate on Cascabel first worry about the regionals when things improve market/sp wise.
Small raise in the interim.

All guess work as usual.

Jezzo the longer this decline goes on the more chance I think we have of seeing another FNV type stream deal being put forward imo.

Hypothetical but if SolGold turned round in 4-6 weeks time and said "we can't get the cash in to be a going concern", would the story have changed for you then?

Of course but highly unlikely imo. We have raised in tricky positions before early 2016 if i recall we were down to our last few million.

You say the recent raise is a new development and I say its a continuation of our largest investors rocking the boat.

A matter of perspective maybe.

They have not seen eye to eye since the Franco stream deal and probably before....its not news and imo no change to story.

Some believed removing Nm would improve the relationship between solg and our largest investors, this was never going to be the case.

More importantly why are we running down the clock to our investment commitments?
We don't seem that bothered about this.
I'm guessing if we lost the tenements, they wouldn't be that easy to distribute due to the changes made to appease the indigenous community.

But it hasn't changed, unless your privy to something we are not?
Raise cash and continue to pfs2, porvenir pea and dfs for cascabel.

Bozi,

Solg isn't an isolated case.
The story is the same, we need cash and big boys are playing hard ball.
I understand you are feeling a bit jittery so maybe turn off from your device for a while .

Tbh I wouldn't want anything doing in the next few weeks anyway.

Bit like catching a falling knife isn't it Bozi
Maybe they are waiting for a chance to top up via a raise.
Maybe they are happy with their exposure.

Sharket one mention of streaming deals and Bhp are soon throwing their toys out....works both ways and that's the game.
I for 1 would happily see a large stream deal produced that would see us good for the next 18 months.
Not likely, but hey ho

Woody, that's more than we previously had.
Usually was an rns informing of a raise.

We are now exploring various methods and keeping our biggest shareholders on their toes.
The anxiety comes from lack of funds which is something g totally different.
May I respectfully suggest a decent pair of underpants for yourself. x

We are also exploring various funding avenues