Solgold Share Discussion Threads

[hazl] 16/5/2024 14:31

Or we get a BIDDING WAR!

[lowtrawler] 16/5/2024 14:28

Take the asset backed funding, there are 4 possible results:

1. The loan facility is sufficient to provide time for an agreement to be put in place
2.The loan facility will need to be extended while the agreement continues to be negotiated.
3.The asset backed funding discussions stall and plan B needs to be activated to provide longer term funding.
4.The asset backed funding discussions stall, there is no plan B and SOLG need emergency funding that is highly dilutive.


Option 1 is the most likely, followed by option 2. However, option 3 is not far-fetched and SOLG need to be planning for this, just in case. Option 4 is highly unlikely but the chances are not zero.


The fact they are burning through cash quite quickly is not necessarily a bad thing. It will mean the new funding agreement should be closer than many think. It will also mean any potential bidder wishing to avoid the agreement being implemented needs to move more quickly.


IMV, if a bid is not made by the time the new funding arrangement is in place, it will be several years before the probability of a bid is as high.

[hazl] 16/5/2024 14:14

Don't worry FJ.
Starting to turn up for the day a tad.

[hazl] 16/5/2024 14:08

Wonder what would happen to gold if this ensues?

[original fastjet] 16/5/2024 13:59

Look at the share price ....
Pmsl

[hazl] 16/5/2024 13:27

Fair enough.

I am pleased to see what happens.
There is always a push between bulls and the bears at the end of a cycle .
This is a bit more complicated than some, because it is such a valuable asset.
So that brings in the big boys with no scruples , unfortunately.
The thing that is in our favour perhaps is that there is more than one interested party.

Competition!


IMO

[book5] 16/5/2024 13:08

I traded them
Waiting for a good RNS or good general news from the country

[hazl] 16/5/2024 12:26

Well go and give them a few bob book.

[hazl] 16/5/2024 12:25

43486

Thanks interesting Havin.

[book5] 16/5/2024 12:01

Without owning the land, there may not be more meaningful discussions
IMHO Solg will be a strong buy when we own the land required

[hazl] 16/5/2024 11:30

We remain in a narrow window share price wise despite their repeated attempts.

Clearly there are equal amounts of bulls and bears.
Keeps it interesting.

A good sign in my book after the continual drop in the past.

And no Fastj I haven't lost anything.
I am within this window of range and keep popping in and out of profit.


Very cheering!

[hazl] 16/5/2024 11:26

Well that's great will tide it over while discussions continue for the long term.

There is no way they were going to let, it not carry on, obviously!

Amusing how someone still keeps trying to put a positive thing down.

Paid to do so.


IMO

[loganair] 16/5/2024 11:10

book5 - Had $13mln as at end of March 2024 including the $10mln loan, most probably now down to around $9mln cash left in the bank.

[book5] 16/5/2024 10:50

Today rns mentions “land”

IMHO, Owning the Land is the key that opens the doors….

Buying land at the right price is often impossible in places where the law is twisted, delays could kill Solg

We have $13million, it is probably enough

Risk is high

[original fastjet] 16/5/2024 10:33

Cymru,
Concentrate on the Solg stock please and not on your fantasies.
Sp flying lads?
Bids on the table yet??
🤔🤔🤔📉8201;📉

[original fastjet] 16/5/2024 09:37

Sp flying guys??
What a shambles.
Muppets holding the stock n dreaming 💤💤💤💤8164;💤

[havinthelastoast] 16/5/2024 09:22

The eagle flies at midnight.

Ya daft mug.

[michaelfenton] 16/5/2024 09:10

By Xmas the turkey will have been eaten.

[havinthelastoast] 16/5/2024 09:03

Nice one Georgia!

Let's keep this simple - anytime Lowtrawler or loganair post anything, make sure they are knocked so far down the page that no one will see their posts.

They are not invested here so their input is not required and is 100% negative and malicious.

Time to cut the cancer out.

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Solgold Share Chat - SOLG
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 8.88p. Over the last year, Solgold shares have traded in a share price range of 5.67p to 19.48p.

Solgold currently has 3,001,106,975 shares in issue. The market capitalisation of Solgold is £266.50 million. Solgold has a price to earnings ratio (PE ratio) of -5.29.
Current Price
8.88

0.00

0.00%

Bid Price Offer Price
8.93 9.00
High Price Low Price Open Price
Shares Traded Last Trade Market Cap
0.00 01:00:00 266.5M

Solgold Share Discussion Threads
Next Page
Date Subject
16/5/2024
07:54 havinthelastoast: Highlights of the Period Include:

· Completion of the updated Cascabel Pre-Feasibility Study ("PFS"): The updated PFS incorporates a phased approach plan, significantly reducing initial capital costs. Key figures include a pre-tax NPV8% of $5.4bn, 33% IRR, and a post-tax NPV8% of $3.2bn with a 24% IRR. The PFS presents significant copper, gold, and silver production estimates over a 28-year mine life, updated mineral resource and reserve statements for the Alpala Deposit and an updated mineral resource statement for the Tandayama America deposit. (PFS Announcement)

· Appointment of Mr. Jian (John) Liu and Mr. Charles Joseland to the Board of Directors: Mr. Lui and Mr. Joseland bring extensive experience and valuable insights that will support SolGold's strategic initiatives and governance. (Directors Announcement)

· The Blanca-Nieves Project Exploration Update: Assays from channel-saw samples of gold-bearing epithermal quartz vein outcrops at the Florida target returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au. Additionally, a significant porphyry target has been identified at Cielito Norte, covering approximately 2.5 x 2.5 km, approximately 8m from the Cascabel project of about 8 km. (Exploration Update)

· Memorandum of Understanding ("MOU") for Hydro-Solar Energy Initiative: SolGold has signed an MOU with Grupo Empresarial Semaica, Enerhydra, and Constructora Nacional S.A. for a sustainable hydro-solar energy initiative at the Cascabel Project. The collaboration aims to develop a Power Project delivering approximately 200 megawatts of renewable energy, aligning with environmental stewardship and economic development goals, with partnerships established to secure financing and ensure adherence to regulatory standards. (MOU Announcement)
Read Full ThreadReply
16/5/2024
07:50 havinthelastoast: As at 31 March 2024, SolGold Plc (the “Company”;;) and its subsidiaries (the “Group”) had cash on hand of $3,452,963 and net

current assets of $3,540,879. Following the successful completion of a $10 million financing subsequent to the balance sheet

date, the group has sufficient liquidity for the next few months but less than twelve months to support its operations while

it explores substantial and longer-term funding solutions. On 13 May 2024, the Company agreed to a short-term $10

million loan. The loan may be repaid early and other terms and conditions are customary for the nature of the loan.

The Directors have reviewed the cash position and cash position forecast of the Group and the Company for the period to 30

September 2025 and consider it appropriate that the Group and the Company financial statements are prepared on the going

concern basis. This basis contemplates the continuity of normal business activities and the realisation of assets and discharge

of liabilities in the ordinary course of business, for the reasons set out below.

The Group has not generated revenues from operations in its history. Like many exploration and development companies, the

Group raises finance for its exploration and appraisal activities in discrete tranches. Therefore, the ability of the Group to

continue as a going concern depends on its ability to manage costs and secure additional financing within the next twelve

months. Management’s cash flow forecasts show that the Group and the Company need to secure additional funding to

continue their exploration and development programme and in order to continue to meet their obligations and liabilities as

they fall due.

A going concern assessment conducted by the Group, reviewing its current and projected financial performance and position,

including current assets and liabilities, future commitments, and forecast cash flows, has determined in management’s base

case and downside scenarios, there is not sufficient liquidity for at least the next twelve months from the date of approval of

these financial statements, without the receipt of additional financing.

The Company has a proven ability to execute equity and other financings, most recently demonstrated by the completion of a

$10 million borrowing subsequent to 31 March 2024. The Directors have a reasonable expectation that the Group will be able

to raise further funds when necessary and, as has been the case previously, the Directors expect that future funding will likely

be provided by equity investors, debt, or via other strategic arrangements.

If the Company is unable to secure sufficient funding, it may not be able to fully develop its portfolio of exploration projects,

and this may have a consequential impact on the carrying value of the related exploration assets and the investment of the

parent company in its subsidiaries as well as the going concern status of the Group and the C

[kinggeorgevii] 16/5/2024 08:58

As toast say, worth repeating...



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Solgold Share Chat - SOLG
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 8.88p. Over the last year, Solgold shares have traded in a share price range of 5.67p to 19.48p.

Solgold currently has 3,001,106,975 shares in issue. The market capitalisation of Solgold is £266.50 million. Solgold has a price to earnings ratio (PE ratio) of -5.29.
Current Price
8.88

0.00

0.00%

Bid Price Offer Price
8.93 9.00
High Price Low Price Open Price
Shares Traded Last Trade Market Cap
0.00 01:00:00 266.5M

Solgold Share Discussion Threads
Next Page
Date Subject
16/5/2024
07:54 havinthelastoast: Highlights of the Period Include:

· Completion of the updated Cascabel Pre-Feasibility Study ("PFS"): The updated PFS incorporates a phased approach plan, significantly reducing initial capital costs. Key figures include a pre-tax NPV8% of $5.4bn, 33% IRR, and a post-tax NPV8% of $3.2bn with a 24% IRR. The PFS presents significant copper, gold, and silver production estimates over a 28-year mine life, updated mineral resource and reserve statements for the Alpala Deposit and an updated mineral resource statement for the Tandayama America deposit. (PFS Announcement)

· Appointment of Mr. Jian (John) Liu and Mr. Charles Joseland to the Board of Directors: Mr. Lui and Mr. Joseland bring extensive experience and valuable insights that will support SolGold's strategic initiatives and governance. (Directors Announcement)

· The Blanca-Nieves Project Exploration Update: Assays from channel-saw samples of gold-bearing epithermal quartz vein outcrops at the Florida target returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au. Additionally, a significant porphyry target has been identified at Cielito Norte, covering approximately 2.5 x 2.5 km, approximately 8m from the Cascabel project of about 8 km. (Exploration Update)

· Memorandum of Understanding ("MOU") for Hydro-Solar Energy Initiative: SolGold has signed an MOU with Grupo Empresarial Semaica, Enerhydra, and Constructora Nacional S.A. for a sustainable hydro-solar energy initiative at the Cascabel Project. The collaboration aims to develop a Power Project delivering approximately 200 megawatts of renewable energy, aligning with environmental stewardship and economic development goals, with partnerships established to secure financing and ensure adherence to regulatory standards. (MOU Announcement)
Read Full ThreadReply
16/5/2024
07:50 havinthelastoast: As at 31 March 2024, SolGold Plc (the “Company”;;) and its subsidiaries (the “Group”) had cash on hand of $3,452,963 and net

current assets of $3,540,879. Following the successful completion of a $10 million financing subsequent to the balance sheet

date, the group has sufficient liquidity for the next few months but less than twelve months to support its operations while

it explores substantial and longer-term funding solutions. On 13 May 2024, the Company agreed to a short-term $10

million loan. The loan may be repaid early and other terms and conditions are customary for the nature of the loan.

The Directors have reviewed the cash position and cash position forecast of the Group and the Company for the period to 30

September 2025 and consider it appropriate that the Group and the Company financial statements are prepared on the going

concern basis. This basis contemplates the continuity of normal business activities and the realisation of assets and discharge

of liabilities in the ordinary course of business, for the reasons set out below.

The Group has not generated revenues from operations in its history. Like many exploration and development companies, the

Group raises finance for its exploration and appraisal activities in discrete tranches. Therefore, the ability of the Group to

continue as a going concern depends on its ability to manage costs and secure additional financing within the next twelve

months. Management’s cash flow forecasts show that the Group and the Company need to secure additional funding to

continue their exploration and development programme and in order to continue to meet their obligations and liabilities as

they fall due.

A going concern assessment conducted by the Group, reviewing its current and projected financial performance and position,

including current assets and liabilities, future commitments, and forecast cash flows, has determined in management’s base

case and downside scenarios, there is not sufficient liquidity for at least the next twelve months from the date of approval of

these financial statements, without the receipt of additional financing.

The Company has a proven ability to execute equity and other financings, most recently demonstrated by the completion of a

$10 million borrowing subsequent to 31 March 2024. The Directors have a reasonable expectation that the Group will be able

to raise further funds when necessary and, as has been the case previously, the Directors expect that future funding will likely

be provided by equity investors, debt, or via other strategic arrangements.

If the Company is unable to secure sufficient funding, it may not be able to fully develop its portfolio of exploration projects,

and this may have a consequential impact on the carrying value of the related exploration assets and the investment of the

parent company in its subsidiaries as well as the going concern status of the Group and the C

[hazl] 16/5/2024 08:55

AND


' Memorandum of Understanding ("MOU") for Hydro-Solar Energy Initiative: SolGold has signed an MOU with Grupo Empresarial Semaica, Enerhydra, and Constructora Nacional S.A. for a sustainable hydro-solar energy initiative at the Cascabel Project. The collaboration aims to develop a Power Project delivering approximately 200 megawatts of renewable energy, aligning with environmental stewardship and economic development goals, with partnerships established to secure financing and ensure adherence to regulatory standards. (MOU Announcement)


'

[lowtrawler] 16/5/2024 08:54

RP, you don't get it. The exploration expenditure is where they book the majority of the non-admin staff costs and other related expenditure. It is not totally discretionary. Their operating cash flows benefitted from working capital movements in Q1 and the normal run-rate for those is over $1.2m, not $270k.

The $3.1m monthly cash outflow in Q1 may have been inflated by the PFS but the true cash burn is almost certainly over $2m per month and they would have had close to zero in the bank when the new facility was agreed.

For the first time in SOLG's history, they have taken out a repayable loan from current activities when they have no activities generating cash. Their only way to repay the loan is to agree another funding facility. If the current asset backed funding does not happen, they need a plan B as their funding needs do not disappear.

[hazl] 16/5/2024 08:54

Completion of the updated Cascabel Pre-Feasibility Study ("PFS"): The updated PFS incorporates a phased approach plan, significantly reducing initial capital costs. Key figures include a pre-tax NPV8% of $5.4bn, 33% IRR, and a post-tax NPV8% of $3.2bn with a 24% IRR. The PFS presents significant copper, gold, and silver production estimates over a 28-year mine life, updated mineral resource and reserve statements for the Alpala Deposit and an updated mineral resource statement for the Tandayama America deposit. (PFS Announcement)

· Appointment of Mr. Jian (John) Liu and Mr. Charles Joseland to the Board of Directors: Mr. Lui and Mr. Joseland bring extensive experience and valuable insights that will support SolGold's strategic initiatives and governance. (Directors Announcement)

· The Blanca-Nieves Project Exploration Update: Assays from channel-saw samples of gold-bearing epithermal quartz vein outcrops at the Florida target returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au. Additionally, a significant porphyry target has been identified at Cielito Norte, covering approximately 2.5 x 2.5 km, approximately 8m from the Cascabel project of about 8 km. (Exploration Update)