Member Info for zoros

Thanks Dip. I stand corrected.
Z

Both of these will address several issues:
20/10/22. GGP 6 weekly update. 11 assays pending.
26/10/22. NCM quarterly results. [BST].

The assays could/should be in the NCM report.........maybe.......possibly.
Z

Yes
Z

DBW - you've marked your card. If you met slug in real life and listened to his dispicable rhetoric, interspersed with fascinating intel on solg/markets, would you continue to associate with him in public - say in a crowded room or at dinner? Suffice to say - slug would NEVER repeat what he says on here - out there in the real world because (a) he would be arrested or (b) he would be despized by those around him, unless of course he was at a national front meeting!
We all know where he is coming from as a person, he has left us in no doubt that he resorts to violence at the drop of a hat and is also morally deficient. There is NO justification to ever approve of or accept such an unprincipled individual when you know what they are like under the surface.
I expected better from you.
Z

Is a poisonous person who mixes normally in society yet underneath is rotten to the core. He is a lost cause but I am shocked and saddened that there are some here who support him as a person simply because they like what he says about solg?? It's like saying I admire Putin for his views on the stock market but detest him for what he is doing in Ukraine. A persons existence pivots on their personal views, if they are morally bankrupt, it matters not a jot what they say at all or about anything.
I guess forums like this reflects society as a whole in that there are those who pretend to behave but given half a chance (IE: know they can get away with something) actually show their true colours.
You know who you are and I am saddened by your corruption. I just hope your families aren't affected by your afflictions.

Copperpot - thanks for the apology, thought we'd lost you to the dark side for a moment, glad you're above it all.
Z

Ah, bless you cookiescrew. Stay warm.
Ahh.
Z

For those who didn;t see this on the 10th:

"...Valuation: GBp85/sh; FS due H2 CY 2023
We leave our SOTP valuation unchanged at 85p/share as we await completion of
the CGP deal and publication of the updated PFS. Alpala currently contributes
~US$2.3bn to our SOTP based on 85% ownership and a target P/NPV of 0.8x
our ~US$3.4bn DCF (at Jun’23E, 8% WACC, US$8,500/t long-term copper).
We then add a US$72m based on 0.3x our ~US$240m DCF for the conceptual
inclusion TAM, include US$150m for SolGold’s regional portfolio and adjust for
net cash and outstanding options and warrants to derive a GBp85/sh target...."

Z

John:
https://www.ggpchat.co.uk/viewtopic.php?t=564
Z

C'mon BTD - you must have realised that 'Elise' was simply a pigment of your constipation - surely?
Z

I noticed hardly anyone made a fuss over this when it was posted on Tuesday:
"....I signed a lock up. The merger moves us closer to a sale. Then we can all take our dough and reinvest in new opportunities of which there are many. ..." 11 Oct 2022, 23:24.
If a major insider can post like this, then all bets are off regarding production (thank God). It has renewed my hope that this 'fiasco' can be put out of its misery - hopefully sooner rather than later.
I'm assuming interested parties will want the PFS addendum these next few weeks to add to their dd and may possibly not bid until the DFS in 2023 even.
All - a lot better than waiting for the estimated production date of the Tandayama open pit feeder mine for Alpala in 2026!
The damp depressing fog over Solg is lifting - finally.
DC estimates current share value of Cascabel should be circa 80p+.
Add a premium and we're looking at: £1 approx.
Surely now Quades - you have to commit to a sale rather than any hope of production?
Z

Ah, bless, cookiescrew.
Z

Hi Culpepper more consolidation than dilution methinks.
SD has indicated- either before or after listing.
I’m guessing 10:1.
Z

Early days and Havieron is proving up to be a done deal now (fingers crossed), so I too am starting to look to the future regarding GGP’s plan of action either @ Hav and/or at any other successful tenement.
I do get vibes that SD wants to be Northern Star 2 and I can see that income from the SLOS will pay for bulk mining @ Hav going fwd.
But what about the’other’ tenements?
How easy is it for a miner miner to pay for a 100% owned future miner?
Might Fortescue be here now to prepare the foundations with GGP to pave the way for a miner to become a major, or might there be an internal arrangement for Fortescue to buy GGP out, either @ Hav or at any future successful strike?
What’s SD’s long term goal?
Z

I do find out a little odd that BHP didn’t buy CGP though?
Z

Gino - well if one is to accept certain views on here, we will be going to production in some shape or form ergo funding will be in place and cgp will then be expected to cough up- no?
Z

So Solg has:
Issued 500,000 shares to secure the deal.
Brought under its umbrella the CGP portion ($400m) off production costs.
Merged with a company that has only $4m in the bank.
Merged with a company that saw NCM leave them in January of this year at one of their operations.
Merged with a company that has had its Magdalena license revoked by the Ecuadorean government earlier this summer.
Diluted its BOD by 20% by adding 2 x CGP directors.

All because ENSA can be viewed as a “whole” rather than a fractional entity. (Remember- if CGP reneged on the production costs, we could have bought their rights to ENSA for a paltry $3.5 million anyway!).

Now I understand why so many Solg staff have left the building.
CGP must be in hysterics s they cash in their 35% rise in their investments yesterday!

DC needs to have a plan for this to have taken place, especially as they only have a 3 month financial runway remaining before they get sold off at auction!

I can suspect that previous funding attempts were thwarted by responses akin to: Get your **** in one sock Solg before We commit.
Z

?

Of this transaction?
BDMinefinder- if you’re still on here this am, does CGP still foot the $400m bill they would otherwise have had to pay IF Solg went to production? Or do we as a joint enterprise now pay it (ie Solg).
Secondly someone worked out earlier that this will cost an extra 500m share dilution?
So is this a good deal guys?
Z

MF11 - thank you for a concise explanation.
Z

07/10/22. EGM (GGP). Wyloo Placement for 14.6% holding (783m shares).
20/10/22. GGP 6 weekly update. 11 assays pending.
10/22. Byrnecut contract for first decline terminates.
26/10/22. NCM quarterly results. [BST].
Z