Member Info for snowman123

Highflyigman, bumpy ride indeed. I am not a trader myself either. So I am also just holding and waiting.

Https://www.mining.com/web/hedge-funds-bet-against-copper-for-first-time-in-three-years/

If this article is correct there will be some more price pressures on copper in the short term.

They are referring to FCA rules. FCA is from the UK.

Same number of shares reported as on April 17th. Why to publish again?

I assume Mr. Irwin is not an insider otherwise he won't be able to make these sorts of comments. Having said that he is close to the fire and has experience and his views are at least entertaining to read.
My question would be that if a potential sale process is not advanced enough to justify an RNS before the end of H1 what would happen then? A regular strategic review without selling large assets surely doesn't take 6-9 months. So, an RNS at the end of H1 that the strategic review is prolonged would mean to me there are serious talks in the background. 10 weeks to test my theory (and patience).

I wish I could answer all those questions for you. Unfortunately none of us can. No (official) buyer has presented itself. There are many valuation methods out there. Just take your pick.

A PFS is all about what is "should be" and a DFS what it "will be". A DFS is a large undertaking and needs to be signed off by Qualified Persons. This requires engineering / consultancy firms to work on. Normally it is well advertised who is working on which study. So far I haven't seen either SolGold or any of the consultancies announcing there is work on-going for a DFS. So I am very sceptical about a DFS report not being far away. Maybe a start of DFS works is not far away, but I doubt that at the moment also.

I find the 30 million options quite excessive. Do we even know the performance criteria mentioned?

TheItalian, I fully agree with your comments concerning the SR.

Btw, I would assume construction can only start after a mining license has been granted. I am not aware Solgold has one or are even in the applying process. Pass me the salt jar please. Oh no, I might melt :-)

If we are only a year / year and a half away from construction some engineering better be ongoing. Takes some time and effort to design a multi billion dollar project. Financing also has to be in place by the time construction starts. Some people will be very busy for the next little while if construction is starting in 2024. If that is under the Solgold flag is to be seen of course.

Is 'shortly' the new 'imminent'? :-)

... the Company expects to publish the prospectus shortly and complete the Acquisition soon thereafter ...

Will the NewCo be called CornerGold or SolStone? :-)

Craig Jones was indeed the director appointed by Newcrest before he got pulled from the Solgold board.

I would actually think that Newcrest won't do anything regarding Solgold before having appointed a new CEO. The new CEO will also take a few months to settle in and (s)he won't start any M&A activities in the first few weeks. So Newcrest might be out of the game in the near term.

You-Know-Who, he who must not be named.

Jezzoo, someone has been trying to disrupt the board today. Admin cleared up those messages rather quickly. Only thing left are these kind of messages.

My vote is also casted and share your opinion that this will be an important one.
I am hoping these shenanigans are soon over and we either have our pay day or a nice and steady continuous rise of the share price.

I am with you. Lost in what this all means despite some explanations in provided links by some users.

anon3, I am wondering the same. Going to be interesting to find out what just happened.

So DC used 0.06c$ and CGP 0.052c$ per pound of copper for the valuation of Cascabel.

If not a typo the PFS addendum is still finalised this year, but does that mean the market will also be informed before the AGM?