Solgold Share Discussion Threads

[mknight] 15/7/2024 09:01

Great news , cannot believe the Sp is still under 10p

[hazl] 15/7/2024 08:57

Well I saw GDR this morning and am already there!

And I still like SOLG!

[farrugia] 15/7/2024 08:54

the problem with this is that any returns for shareholders are light years ahead...

additionally a lot of shares have been issued -

free float has increased from 1,621 million in 2008
to at least 2,842 million today

I expect a consolidation of shares which won't be good for shareholders.

I saw the statement of Alyn Gold this morning and guess which one I'm buying.

[lurker5] 15/7/2024 08:54

Its not interest free - with some $1.2bn of gold revenues lost in return for $750m. But spread over a long time (I make it c 13 yrs) its not expensive either. Co says equivalent to 9%. More important, as I said would have to be the case, the $650m construction loan is conditional on what's normal for 'financial close ' - ie all the $1.55bn (will probably be more by the time we get there) is in place to ensure the project gets 100% built as in the feasibility studies. Which means institutions won't need to buy in now. They can wait 'til financial close.

[r88ave] 15/7/2024 08:51

Looks like the share price is deliberately held back until Toronto index is open later today. Even at 10p you will do well in the long run. Should be an interesting ride in next few months imo

[hazl] 15/7/2024 08:42

Sorry torn between watching 2 risers this morning.

[hazl] 15/7/2024 08:40

Production Payments: The Syndicate will make ongoing production payments to SolGold equivalent to 20% of the spot gold price at the time for each ounce of gold delivered to the Syndicate under the Agreement.

[hazl] 15/7/2024 08:39

Excellent news !

[1choip] 15/7/2024 08:37

Isn't this interest free funding?

[rougepierre] 15/7/2024 08:37

Traders Michael...people who have no understanding of the company or the asset...

Anyone who wants significant size will have to pay up.

Get the short term jonnies out and watch this coiled spring fly.

To be clear.

Solgold has no financial worries...ever...

This deal makes the whole of Cascabel highly Bankable in a way that wasnt possible before...

Bidders dont need to buy shares but they do need to make a decision now.

This deal values the gold alone at £3.75 BILLION and there are 89 other projects including Porvenir, which is also a material global prospect

[the count of monte_cristo] 15/7/2024 08:37

Where is havingthelasttoast🤣 that's his credibility shot, if he ever had any.

[michaelfenton] 15/7/2024 08:24

I am surprised anyone is selling at this price? Time to get greedy and I am adding some.

[davethehorse] 15/7/2024 08:23

Muted response

[book5] 15/7/2024 08:15

Small gap
I was expecting more
Patient, we have good backers

[hazl] 15/7/2024 08:09

'Paul Brink, President and CEO of Franco-Nevada, commented: "We are excited to support SolGold in the development of their world-class Cascabel project. This gold stream agreement aligns with our strategy to invest in high-quality assets with significant growth potential. We believe SolGold's flagship project will be amongst the next generation of large copper development projects and will contribute meaningfully to our longer-term growth. We are pleased to provide pre-construction funding to derisk project development and project financing that provides a balance of funding certainty and financial flexibility."

Jason Attew, President and CEO of Osisko Gold Royalties, commented: "Cascabel represents one of the most significant copper-gold discoveries in recent history. The project has the potential to become a world-class multi-generational mine, demonstrated by the recent PFS estimating at least a 28-year mine life with numerous avenues for additional mine life extensions. This new stream investment, which complements Osisko's existing royalty on the project, will help to support the development of this exceptional asset and enhance Osisko's long-term growth profile."

[book5] 15/7/2024 07:49

Good news
Congratulations
X2 today?

[hazl] 15/7/2024 07:32

'Scott Caldwell, President and CEO of SolGold, remarked: "We are thrilled to finalize this transformative US$750 million gold stream with Franco-Nevada and Osisko. This Agreement not only secures a significant portion of the capital required to fund the construction of Cascabel but also validates the vast potential of the Cascabel Project. The US$100 million dedicated to de-risking and technical work is crucial for the next steps in our project development. We are committed to advancing our operations responsibly and efficiently, and this partnership is a testament to our progress to date and the promising future ahead. Finally, this major investment in Ecuador reflects the strong support from the Ecuadorian government for the mining industry."


I am so pleased for management and us!

[hazl] 15/7/2024 07:26

Well well well.

''S$750 Million Financing Package for the Cascabel Project



SolGold (LSE & TSX: SOLG) is pleased to announce that it has entered into a syndicated gold stream agreement ("Agreement") with Franco-Nevada (Barbados) Corporation ("Franco-Nevada") and Osisko Bermuda Limited ("Osisko") (together, the "Syndicate") for the provision of US$750 million in project advancement funding and a proportion of development funding ("Deposit") in exchange for a percentage of the gold produced from the Cascabel Project ("Cascabel" or the "Project").

The Deposit comprises two funding segments, of which Franco-Nevada and Osisko will contribute 70% and 30%, respectively:

i) the initial deposit ("Initial Deposit"): US$100 million paid over three tranches, a third of which is expected to be received later today, allocated towards de-risking, permitting, completion of the development funding package and completion of the feasibility study ("FS") on the Project to take it to a Final Development Investment Decision, and

ii) the construction deposit ("Construction Deposit") of US$650 million to be contributed to funding the construction of the Project.

[michaelfenton] 15/7/2024 07:24

Well done lads - the future secured until a decent bid.

[the deacon] 15/7/2024 07:18

Two of the most stringent royalty and streaming companies when it comes to due diligence, so very much a nod to the credibility of Cascabel going forward

[dafad] 15/7/2024 07:18

This is hold forever share now!

[rougepierre] 15/7/2024 07:14

WHERE ARE YOU NOW LOGANAIR.!

Come on here and apologise big time.

This is what we promised.

Funding secured for years.

Now start the bidding!!!