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SOLG Capitulation, page-70

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Father ted

1,724 Posts.

171

11/06/23

19:27

Post #: 68239964
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Originally posted by arsenic: ↑

With the news senderos outlined above I might be more encouraged than others. The reason being I was really flummoxed as to how Solg would get the money to develop the project rather than just selling the whole thing and BHP & Newest (Newmont) wouldn't want to do so. However, from the situation with RXM (Rex Minerals), I'm in and is now pretty much a done deal. The way they are doing it is to JV selling an interest in the project say 25% for enough cash to, close to, fund the equity in the deal to fund their share, in financing the project build with say 65% borrowing.

Now I don't want to have to spell it out but both sets of rumours:
that Cascabel will start small
that other players could come in.
plus BHP & NCM staying in the game. Seems to provide a viable path forward to me anyway.

All IMVHO.

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All the talk from our Canadian operators has been full sale. (Maybe with exploration spinco.)
DGR Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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Last 1.3¢		Change 0.001(4.17%)		Mkt cap ! $13.04M

Open	High	Low	Value	Volume
1.2¢	1.3¢	1.2¢	$874	71.55K

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No.	Vol.	Price($)
2	1180091	1.2¢

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Price($)	Vol.	No.
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10	2206500	0.011
3	1850000	0.010
5	919667	0.009
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