Solgold Share Discussion Threads

[mknight] 14/5/2024 10:39

Lowtrawler . As i said yesterday permits are key .

[original fastjet] 14/5/2024 10:04

Sheep the lot of you.
Don't be on here in a few weeks time bragging how much cash you lost trying to out do each other lol.
It's as clear as owt you guys are worried and just backing up each other's posts in a veiled attempt to convince each other.
Pmsl fools

[havinthelasttoast] 14/5/2024 10:03

I see RP on full ramp today.

[rougepierre] 14/5/2024 10:03

Now for those like DAFAD, hazl, mk etc who DO know what they are talking about...

Today MSCI will announce the June promotions and deletions (remember SOLG was deleted in February, resulting in 35 million shares having to be sold by MSCI Tracker Funds...and you saw the price effect, falling from 7.61 to sub 6p before bouncing back when the selling stopped)

Now it is pretty clear that those 35 million shares went into 'safe hands' so...

If SOLG is back in the MSCI Index, those same Tracker Funds will have to buy back 35 million shares in a relatively illiquid market (based on the recent daily average it would take TEN trading days...)

That could see SOLG samartly back into double gigures...

If we don't get promoted we shall just have wait fir the steady rerate until PERMITS news, the announcement if major funding, or the first takeover bid lights a fire under the share price ..

[hazl] 14/5/2024 09:57

Yes I ticked up DAFAD's post.

[rougepierre] 14/5/2024 09:55

Absolutely right DAFAD...

[hazl] 14/5/2024 09:55

Poster 45405.

He has been trembling under his seat for the last couple of hours...chortle.

[rougepierre] 14/5/2024 09:53

So...in my personal opinion...three things have been holding back the share price ..

1 Whoever is manipulating the price through Autotrades...the first 33 trades this moring were PIs buying...either relief trades or commitment buys

2 And most important, worries about the cash position which although understandable by those who weren't as well informed as connections on Twitter, were misplaced.

As I tried to persuade loganair...in the very worst circumstances SOLG could have sold the 155 million CGP shares to raise at least $13 million (probably more if sold to Jiangxi), which would take SOLG into 2025 without discretionary spending on e.g. drilling...

3 The uncertainty about longer term funding, but this was essentially a prospective positive as the next few weeks will show...ever since PFS3, INDEPENDENTLY VERIFIED stated that we had TEN Expressions of Interest for offtake funding, amounting to more than enough to take Cascabel to production...ar which point it will be PRINTING MONEY

But we won't get that far, because Nick is looking for at least 60p a share and with gold and copper prices motoring that may be a significant undervaluation.

So in closing, I'm sure some on here see me as a ramper (which of course is nonsense because no PI could remotely affect the SP)

But check back on how often I substantiate my posts with FACTS and detailed analysis based on FACTS in the public dominion.

Whereas loganair routinely posts unsubstantiated negative OPINIONS and when I challenge him to substantiate them he never does.

Even today's posts show how ignorant and uninformed he is.

So question...

Why is he constantly so negative and...

Why indeed is he on here when he is clearly not invested...

GLA

[hazl] 14/5/2024 09:53

No one can deny though, that this is getting extremely interesting now!


Take your seats at the show.
The performance is about to begin!

[original fastjet] 14/5/2024 09:52

Sp flying lads??
Nope.
Suckers the lot of you.
💤💤💤🔚8284;

[dafad] 14/5/2024 09:46

The only reason for not disclosing who the funders are is that they are involved in the final financing talks-there is simply no other reason for not saying who they are.
All imho

[rougepierre] 14/5/2024 09:38

Have you been asleep for the last 19 months book?

That is exactly what Bob Sangha is contracted to do...

And he has FIVE PER CENT of the shares, so a massive incentive.

Chill...

[book5] 14/5/2024 09:33

The main problem with SOLG is that we are in Ecuador, where security could be better, and international relations are suffering since Ecuador violated Mexico's embassy.
Copper price very high should help.
we need to sell this business or find a willing investor

[rougepierre] 14/5/2024 09:31

You can't resist it loganair...

You.ve spent weeks trying to scare us into believing Solgold is going bust.

So let me tell you the FACTS

If you read anything I have posted before and if you actually did the maths, you would see that OPERATIONAL cash burn was $600k a month in the 6 months to 31 December.

Everything else is discretionary, i.e. the Board has TOTAL control over what SOLG does or doesn't spend.

Saying that the $10 million is 4 months cash is utterly ignorant and totally wrong...

As the MD&A tomorrow will show (if you even know what a MD&A is, or what it shows)

So 1. You said we would run out of cash by June.

I kept repeating that the Board would raise 'non dilutive, non equity' funding.

And indeed that is still to come, because the offers they ALREADY HAD in January, which are confirmed in the RNS are BEING FIRMED UP as we write, because the terms have continued to improve, primarily due to copper and gold prices being WAY ABOVE the assumptions in PFS3, completed in January and published in March

To remind you:

Copper $3.85 now $4.70 which adds $23 BILLION to the value in the ground
Gold $1700 now $2340 which adds $20 BILLION to the value in the ground

So thats $43 BILLION, which at a very conservative 1% adds 11p a share to the SP

2. If you knew anything you would know it is not a $10 million LOAN, it is a LOAN FACILITY

Which means we don't have to draw any of it if we don't need it (e.g. a successful takeover or, more likely a successfully concluded deal which leads to a significant price spike, allowing SOLG to sell its 'CGP' shares at, say 20p and not draw the facility at all.

Finally, to add to your ignorance and to confirm your extreme bearishness, proving to all of us that you no longer own a single share...

THE PARAGRAPH YOU QUOTED IS A STANDARD PARAGRAPH in such deals or similar.

So you are toyally OUTED mate.

So now read the next post...

[havinthelastoast] 14/5/2024 09:09

No loganair the most important was the cash injection itself.

You are your pal Lowtrawler are getting utterly desperate.

[loganair] 14/5/2024 09:00

Can see how Solgold where running on fumes financially speaking as they required and Immediate cash injection.

The most important was left out of the RNS, what are the terms and conditions of this loan and when does it have to be repaid?

[pre] 14/5/2024 08:59

Agree Hazl, that statement is a standard caveat put out by all companies as a footnote for completeness. All seems to be falling into place for everyone holding well done folks

[hazl] 14/5/2024 08:57

This is why it has been in a narrow trading band, clearly.

The market anticipates some kind of success and won't let it drop under a certain point.
Equally, it is not proven yet, so stays under a certain threshold.

I can feel the anticipation!


IMO

[havinthelastoast] 14/5/2024 08:57

And as if by magic loganair appears, trying to dismiss the RNS.

Same guy posting under at least 2 names.

Snake in the grass folks.

[hazl] 14/5/2024 08:53

Yes I have already posted that up log.

One step at a time.
Investors were hungry for news.
It has come.
This is a complicated process, a large asset and big commitment.


These things happen in stages.

It is very good to know where we are at.

[loganair] 14/5/2024 08:48

The $10mln (£8mln) immediate cash injection via a loan = around 4 months expenditure for Solgold which will last them until somewhere around mid October.


Last paragraph - It is important to note, however, that while the Financing discussions are advancing, the completion of a transaction remains subject to negotiation, and there is no guarantee of a finalized Financing transaction. The proposed Financing is expected to be subject to certain conditions, including the receipt of necessary permits and agreements, a final investment decision, and additional stipulations, some of which are still being defined.

[lefrene] 14/5/2024 08:43

I notice BHP have failed in their $34 billion bid for Anglo, Makes Solg look like peanuts.

[hazl] 14/5/2024 08:39

I do agree with this statement havin.


'is part of the process, someone or some thing trying to scare off retail investors and you have to call them out in case anyone out there takes them seriously.'


It is very wrong.