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See 👇 for proof of creepy obsession. Weird. Maybe he misses me? 🤷♂️
Anyway, in solgold news, do we at least agree that the recent director buys rule out an imminent placing of the cornerstone shares? Although I jest about charity, I honestly don't know what they have planned for the upcoming fundraise, but I think we can now be sure it won't involve selling these as a block, because the price would be agreed and that would 💯 be market sensitive. No?
can’t keep it away! back early from ******ing practice today it seems.
buy high sell low people 🤪🤪🤪🤪🤪
Ray, I’ve come to respect much of your posting, but to ‘dis’ small shareholders is a bit rich isn’t it mate - considering you’re just a passing trader of this share from time to time? Or have you actually taken a longer term position here?
Slug claims to have blocked me but just CANNOT stop thinking about me. It's a bit creepy. He'd love to know how many shares I'm holding, when I've bought and sold, but like most on here I don't update the board about every position I open/close.
As for investors being put off Ecuador, they definitely will if the president continues to act more like a dictator. Deals being announced last week and this were inked before he ordered the raid of an embassy or tried to pin an embarrassing power outage on a minister.
As for car crash fundraise I've predicted... Has anyone got details of how we're getting the cash? Apparently it will be non-dilutive, so shareholders will still own the same percentage of the same assets... 🤣. Must be one of those charity deals where a major or a streamer chucks us $50m in exchange for nothing?
Simple advice you don't have to follow: stick with the person who is yet to be wrong about solg. Or, it you're a brain-out loon, stick with the guy who thinks they make cars that run on water and likes to rant for hours about COVID vaccines. The choice is yours!
I'd ignore the investors talking sheet that only have a couple grand in here max... not hard to work out who they are.
Drake have you tried the Samaritans? Give them a call 116 123
Confident of what? Ecuador or SOLG deal or ... being a billionaire... she's just 'confident'??
Nm
Momentum is building nicely here,
Nice and steady wins the day.
Higher lows being built, still clearing a lot of the 6p brigade.
It's all a little quiet at the moment, something is definitely brewing.
Tick tok....
Hi nomlungo, all part of the journey for Noboa... have you heard of the saying "if you always do what you've always done you will always get what you've always got" 🤷♀️
This guy is probably the best thing that could have happened to us and Ecuador, ultimately if it doesn't work and curruption wins out then we'll surely all end up losing out simple as...
55p someday soon!!!
I don't think it effects SOLG, so don't worry.
You have to be actively working and doing something in the first place to be able to take time off.
Scott can top up his sun tan.
Well done to Noboa (again) for acting rather than dithering.
This is not good
https://www.telegraph.co.uk/world-news/2024/04/17/ecuador-three-day-week-energy-blackouts-noboa-corruption/
Good luck with that lot and I'm sure there are wiser minds than mine and/or with recent relevant experience.
I took this approach because I was wondering whether they had a special reason to buy the shares in Toronto as opposed to London, because the TSX market for SOLG shares is far less liquid and the paid 'materially' more than they could have paid in London on those days.
And finally I wondered why the transactions were made after London trading hours...?
No wonder all will be revealed in due course.
All observations and opinions welcome...
So what can we conclude?
At the time of the transactions there could not be imminent and certain:
Equity issue
Streaming deal (counts as borrowing)
Corporate borrowing
Offtake agreements (material in the context of a percentage of Total Assets)
Or any material disposal or acquisition
However, none of these transactions may have been "certain" at the time of their share purchases, in terms of the possible timing and or the stage of negotiations.
So we may have to wait till at least next week unless something comes out of the blue, like a takeover bid...
Part 3
Without limiting the concept of Material Information, the following events are deemed to
be material in nature and require immediate disclosure in accordance with this Policy:
Changes in share ownership that may affect control of the company.
Changes in corporate structure, such as reorganizations, amalgamations, etc.
Take-over bids or issuer bids.
Major corporate acquisitions or dispositions.
Changes in capital structure.
Borrowing of a significant amount of funds.
Public or private sale of additional securities.
Significant discoveries by resource companies.
Changes in capital investment plans or corporate objectives.
Significant changes in management.
Significant litigation.
Events of default under financing or other agreements.
Any other developments relating to the business and affairs of the company that would
reasonably be expected to significantly affect the market price or value of any of the company’s
securities or that would reasonably be expected to have a significant influence on a reasonable
investor’s investment decisions."
Part 2
"It is the responsibility of each Issuer to determine what information is material in the
context of its own affairs. The materiality of information may vary from one Issuer to
another according to the size of its profits, assets and capitalization, the nature of its
operations and many other factors. An event that is significant or major in the context of
a smaller Issuer’s business and affairs may not be material to a larger Issuer. The Issuer
itself is in the best position to apply the concept of Material Information to its own unique
circumstances
An Issuer must disclose Material Information concerning its business and affairs
immediately after management of the Issuer becomes aware of the existence of Material
Information, or in the case of information previously known, upon it becoming apparent
that the information is material.
While the policy of the Exchange is that all Material Information must be released
immediately...the Issuer must exercise judgment as to the timing, propriety and content of any news release concerning corporate developments.
Many developments must be disclosed at the proposal stage, or before an event actually
occurs, if the proposal gives rise to Material Information."
TBC
We can be certain that they were not in possession of "material information" at the time of their purchases.
This doesn't mean that nothing is happening, it simply means that nothing is certain to happen in the immediate future.
The official position on the TSX where they made the transactions is:
"Section 76 of the OSA prohibits any person or company in a “special relationship” with a
listed company from trading on the basis of undisclosed material information on the affairs of that
company. Those considered to be in a “special relationship” with a listed company include those who are insiders, affiliates or associates of the listed company, a person or company proposing to make a take-over bid of the listed company, and a person or company proposing to become a party to a reorganization, amalgamation, merger or similar business arrangement with the listed company.
A person or company in a “special relationship” also includes those involved, or which were involved, in the provision of business or professional services for the listed company, including employees."
So that precludes Bob Sangha as well as Scott and Chris.
"Each Issuer must disseminate news respecting Material Information in accordance with
applicable Securities Laws and Exchange Requirements. Issuers listed on the Exchange must
disseminate all news announcements respecting Material Information on a national basis and
must retain the services of one or more acceptable news disseminators to ensure proper
dissemination.
“Material Information” is any information relating to the business and affairs of an Issuer that
results in or would reasonably be expected to result in a significant change in the market price or
value of any of the Issuer’s Listed Shares, and includes Material Facts and Material Changes.
A factual representation concerning a security is material if there is a substantial likelihood a reasonable investor would consider the fact important in deciding whether to buy or sell that security.
Under section 1(1) of the Securities Act, a “material change” is “a change in the business, operations or capital of the issuer that would reasonably be expected to have a significant effect on the market price or value of any securities of the issuer.”
TBC
Give need a shyte some credit at least he is trying to backtrack gradually on being totally wrong
The other two pains in the backside never would
Bbg, your constant, almost pitiful pleading that something is happening in the background,
was pretty much shown to be laughable yesterday. you must of missed it.
wasn't it pretty much made clear that Scotty boy couldn't of brought shares, if that was something was afoot.
Almost as well as “plenty further to fall
Before the car crash finance”
Whilst simultaneously holding long and selling out for said car crash. Absolute burk
SM, once again, making things up.
I never said big business WOULD be deterred.
I did say how does it look, and that they could be deterred. and to be honest, we don't know yet.
but dont let facts stop you from looking clever with the wishful thinkers
Stackhigh, a few days ago: "The UN confirming that this is a violation of the Geneva convention simply cannot be a good thing for the president's chances of attracting investment. There is violence and corruption in lots of the countries where majors invest, but blatant disregard for 'inviolable' international law is a troubling precedent. Majors sign IPAs which are underpinned and upheld by an adherence to international law. They can cope with the occasional coup or assassination, bribery or extortion, because the ruling parties in other jurisdictions are smart enough to adhere to the relevant bits of these legal agreements. Ecuador has just clearly demonstrated that it won't."
Aged well, didn't it.
Shouldn’t really surprise anyone, they are after all both clueless clowns
I thought Stackhigh and Needatooth told us that big business would be deterred from investing in Ecuador after the Mexican embassy debacle? Might it be the case they were talking absolute b*llocks?
Happy days