Solgold Share Discussion Threads

[davethehorse] 17/7/2024 09:17

You selling out too Hazl?

[hazl] 17/7/2024 08:58

How is it that they will pay you more for your shares than that stated by the mid price?

Hmmm.

IMO

[r88ave] 17/7/2024 08:39

Expecting to finish above 11p today

[davethehorse] 17/7/2024 08:26

Reds gone short again today?

[loganair] 16/7/2024 19:07

Except for the initial $33.4mln, nothing is set in stone on the financing front:


The first tranche, consisting of US$33.4 million, is expected on Monday (July 15) - $10.5mln of this will have to be used to pay off the $10mln loan + interest.

Solgold are burning through $10mln every 4 months, therefore this $33.4mln - loan repayment will only last until the end of the year.

The second and third tranches, each set at US$33.3 million, are expected in 2025, and are contingent on specific conditions being met, such as finalizing an investment protection agreement and submitting permit applications.

A construction deposit of US$650 million will fund the project's development, subject to milestones and approvals.


To get the mine constructed and ore out of the ground Solgold will still need to find a further $850mln in financing on top of the $650mln from Franco-Nevada and Osisko.

[determined] 16/7/2024 18:50

Too early for the Lassonde curve


Nonsense, take a look

hxxps://www.smallcapinvestor.ca/post/the-lassonde-curve-understanding-the-mining-life-cycle#:~:text=The%20Lassonde%20Curve%20is%20a,development%2C%20and%20ultimately%2C%20production.

[daemonfunds] 16/7/2024 18:30

@swanvesta re: comment 44664 16th Jul '24

I think the calculus boils down to (with some conservative assumptions, some ambitious ones - perhaps cancelling out?):

assuming perfect execution in permitting, in construction, in production for the next 30 odd years!

assuming no further dilution

assuming half the gold is eventually committed to streamers to fund all permitting, construction, first production

assuming july 2024 presentation year6-23 production numbers, with year 6 being 2035 - i.e. five years to first pour, then presentation schedule to full ramp

not counting anything from the first six years

not counting anything after year 23

not counting on any further discoveries in cascabel

assuming copper 9k a tonne, gold 1750 and silver 20

using a 15% discount factor

using a 10% NIM with any excess being taken by ecuador

share price in usd = 0.11323857

share price in gbp = 0.087422659 (8.7p)

assuming a 50% payout, div yield (first one received in 10 years) of about 20% p.a.

side note: some value (~2p) seen for porvenir and the others at these levels ...


conclusion: if you have the patience of a family office managing for intergenerational wealth and are using these back-of-the-envelope assumptions to do so, consider sending your money to a professional money manager and sacking your lazy CIO that didn't identify this at 6p in March!

[hazl] 16/7/2024 17:05

Nice blue close.

[original fastjet] 16/7/2024 16:32

Mention reds name and as if by magic he re appears lol.
Priceless 🤔🤔

[rougepierre] 16/7/2024 15:25

Too early for the Lassonde curve

[davethehorse] 16/7/2024 15:16

Red buying back lol

[r88ave] 16/7/2024 14:42

500k buy gone through….

[hazl] 16/7/2024 14:42

It has proven itself many times now.
This last deal to provide such a lot of real cash shows the importance of such a project.

[r88ave] 16/7/2024 14:32

Clearing 10p and holding above that will be massive for share momentum

[hazl] 16/7/2024 14:29

Well seems to have brought out a flurry of one liners, particularly from those who don't like the rise!

LOL

[havinthelasttoast] 16/7/2024 14:28

Load of Bs. It will jump 30/40 percent when people least expect and the mugs will miss out as always

[mknight] 16/7/2024 14:27

No , As each permit is given the price should rise .

[determined] 16/7/2024 13:53

THe trouble is it's now going to crawl along the trough of the 'Lassonde curve' for a while, so some money will leave with a view to returning closer to the first production date.

[davethehorse] 16/7/2024 13:00

Likely, pie n pint night maybe?

[original fastjet] 16/7/2024 12:57

Red knows he doesn't have 7 years to wait for a return.
I bet it's a slap up meal at spoons tonight with today's swag...