Solgold Share Discussion Threads

[fsawatcher] 04/6/2020 09:22

normal service until it get close to bhp lock release and feasibailty news

then it go normal service nrth innit

buy the sherbet dips as they say the ones that fiz in mouth or pop coz more fun innit

chin ghiing china ching ging chinh ching

[lefrene] 04/6/2020 08:53

Normal service resumed by the look of it!

[phattrader1] 03/6/2020 16:27

This will finish red. Normal behaviour lol

[lowtrawler] 03/6/2020 16:04

rp, I think there has to be equity involved with Cascabel. However, you want to be leaving the equity raise until nearer production as you should have some new finds by then, there is less risk and so the share price should be much higher. An ideal way to achieve it would be in some early convertibles which help both with the other sites and the initial Cascabel funding.

You can structure the convertibles to be exercised alongside a rights issue late into the programme. It means you don't then carry expensive debt over into production and you don't give equity away at today's silly prices. In my view, if they announce Cascabel funding, it will include around £0.7bn being funded through equity in the year prior to production. At current prices, that would be more than 1:1 but if we find another couple of good sites between now and then, it could be 1:4.

[fsawatcher] 03/6/2020 15:25

offered 23.49 an hour ago now offered 24.4

nuffink changed

market fudgers jus avin a laughs

they fishin for sellers but they dont want buyers

wots that tell daffy duck??

[fsawatcher] 03/6/2020 15:23

this spread is in zane

[rougepierre] 03/6/2020 15:23

What you say about the financing makes a lot of sense LT...NM has specifically said more than once that the financing would much better reflect the underlying value of the asset...he has also said that ideally there would be no equity...

I've thought all along that convertibles would be a component, but the attractive terms achieved on the streaming deal have made me reappraise...

[fsawatcher] 03/6/2020 14:58

news ooot

elun musk has bought US stock market and he takin it to the moon and back

[fsawatcher] 03/6/2020 14:58

lotta peeps waitin to get back in ere innit

if it drop to 22.5p then it goin to get bought into like a house full of draws

[lowtrawler] 03/6/2020 12:24

We're at resistance again. I don't see the volume or other event that would be needed to take us below resistance. If we do fall below 23, it is likely to go sub 20.

[phattrader1] 03/6/2020 12:17

Unfortunately the nature of the beast is due to the composition of the shareholders, this will drift down on no news. Back to 20p I reckon.

Whoever bids first loses.

[lowtrawler] 03/6/2020 12:11

Lots of choices DD but SOLG don't appear keen on your idea of separate companies. My suggestion fits with some of the things we do know about their preferences and could be cheap if linked to the Cascabel equity raise further down the line (essentially getting involved in an equity stake at a slightly lower price than others).

If designed to be converted at that time, it wouldn't have any long-term detraction from Cascabel funding and could actually help in the funding.

[dozyduck] 03/6/2020 12:03

Sounds a bit complicated ! What priority would any new stream linked to Cascabel but used for something else have ? Would make it more expensive than the FNV one surely.
I still can't see why hiving off each new prospect into separate companies shouldn't be done. The former will take funding from Cascabel one way or another and affect its value. But the latter would enable funding (necessary eventually unless exploration waits a long time for Cascabel to deliver cash) from existing holders via their 'in specie' new company without affecting Cascabel at all. It just means costs of running the new companies - but maybe they could be unlisted until they also deliver resources ?

[lowtrawler] 03/6/2020 11:48

Regarding the mezzanine financing expected to help us fund the other prospects. I suspect it will be a mixture of Pseudo NSR / Convertible. As DD pointed out, most mezzanine financing usually requires asset backed security and we have none. The alternative form of mezzanine financing that I have seen in mining is to mix Streaming with convertibles.

The way it would work is to provide streaming assets as collateral for the finance and for repayments to be linked to the stream. The debt issuer would have convertible warrants that can be exercised under certain conditions. In turn, the debt issuer would provide the finance at a more attractive rate than streaming finance but still more expensive than a normal bank loan.

The convertible warrants can either be designed as expected to be exercised and so dilute existing equity or to never be expected to be exercised and so the finance to be a more permanent loan.

The reason I suspect it will take this form is that the offers for mezzanine financing came out of the NSR tender process and so are likely to be related. It is essentially a way for SOLG to leverage the expected value of Cascabel to help fund our other prospects.

If I am correct, the rate payable on the mezzanine financing will be directly related to the degree of certainty surrounding Cascabel being funded to production. Thus, there may be an advantage in announcing the full Cascabel funding arrangements alongside the mezzanine financing. This would also make sense if you design the convertible warrants to be exercised in an equity raise associated with funding Cascabel.

All of the above is complete speculation on my behalf and so feel free to agree / disagree as you see fit.

[rougepierre] 03/6/2020 10:40

sorry Fsa...filtered...too much drivel...

[fsawatcher] 02/6/2020 20:18

i agree to give ya $2.7b but it ere errrrrr conditional on a few fings that you aint done yet get it matey

????

i aint gonna give you 2.7b without avin your nuts in a vice that i can crack when i likeith most

as black udder would say

mõoooooooooooo!

[phattrader1] 02/6/2020 17:29

The next news will be the $2.7bn being agreed - mark my words.
Then a bid will come in lowball at 60p before the Franco deal is signed.

[fsawatcher] 02/6/2020 17:16

I found the info so no worries peeps

Concurrently with the entering into of the NSR Financing Agreement, SolGold and Franco-Nevada have also entered into a US$15 million secured Bridge Loan Agreement ("BLA") of immediately available funds as an initial advance (the "Advance") prior to closing the NSR Financing Agreement. The full amount of the Advance will be disbursed by Franco-Nevada to SolGold today.

The Advance provides SolGold with short term funding at an interest rate of 12% per annum for a four-month period, with an option to extend the maturity for another four months. The Advance is in any event repayable with interest upon closing of the NSR Financing.

[fsawatcher] 02/6/2020 17:15

wot placin?

why peep finking we got more money to raise when franco dolled up some wedge

when does franco money come in?

is bridge loan for jus 1 month or can they draw more bridge loan but expensif innit

[arcadian] 02/6/2020 16:25

ARS won`t be available. It could well be gobbled up by Aeturnum Energy PTE Ltd

Copper is becoming increasingly scarce and I bet quite a lot was needed to send men to the space station so you may be right.

[lowtrawler] 02/6/2020 16:21

Perhaps pigs will fly.

[lefrene] 02/6/2020 15:25

Perhaps Mr Musk will decide he wants to secure his own supply of copper? :¬)

[arcadian] 02/6/2020 15:03

More important

Gold $1752 Copper $2.48 and a future world which will raise the value of both.

[texaschaser] 02/6/2020 11:31

placing will make sure roll over is fast and furious.