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You are so deluded and not just about Solg.
But you certainly supply plenty of amusement for readers with your deluded conspiracy theories.
Is that one of the symptoms of your health issues?
I see the misfiring miss marple from Motherwell is back with the crazy conspiracy theories!
Always happens when the price drops.
Keep calm dear, top up and lower your average
Tesla - Fruitbat has no idea whatsoever.
Some remember him from the ECO drill pretending to be eavesdropping in the bars in the port of the town near the drill.
Hilarious, if a little dangerous.
What happened to Citi and Boa holding liquidity??? Management and news updates have been appalling over the past 12 months and the lack of constructive direction and vision has lead to the slip of SP to these lvls.
IT may well stay in the ground if we go much lower.
What a waste of money, resources,false predictions and promises, yet alone to the locals??
Slug still posting as Tesla1 and 1984investor on here? Give it a rest and stop digging, you're in enough trouble already.
Fair enough, though the main culprit here at the moment, I think, is low volume producing disproportionately negative effects. Most of the trades have been tiny. It's either a very strong buy right now or the wheels are about to come off completely.
Really????
No not directly but it was a big deal and still alot of cobwebs to be cleared.
Chinese finance has taken a hit and although not direct .Chinese in a bit of a wake up call. Things dont always go up! There will be a lot of investments with their fingers burnt.
That's all I was saying and it flows into the western world just like sub prime and disposable income in 2006/2008
He has more idea than you with all your fantasy conspiracy theories and lies!
You really think this has anything to do with Evergrande?
I did say Evergrande debacle would cause this to roll over.
Sold 300k at 14p+ and just bought them back 10.50 with the view that if 8p goes forget it! Or BlackRock comes sniffing having sold 21p area.
Last shot saloon. But the risks are minimal down here roll on 38p sell next year!!
If I go to Cascabel with a bucket and spade then take my 0.0022% of the recourse, then pan it out, I'll get my money back. This is gold in the ground but a dodgy political climate. It will take a while.
Article in Reuters may find worth a read,good luck all l.t.h’rs
I buyer will not value SOLG on the PFS. The buyer values the asset on resources. The buyer has the opportunity to mine it all if they have the capex etc. Whether you spend $3bln on capex over a 5 year period from word go or whether you fund $1bln over 2 years and then rinse and repeat process on phase 2 and then phase 3 to reach that $3bln capex all depends on who's doing it. If you look at Mirador... that's the chinese model. They mine in smaller stages. It derisks and they make their cash as they go rather than plough it all in and take 4 years+ before they see a return. There's many ways to skin a cat as they say but it's still the same cat. The cat costs what someone wants to pay for it. As for market valuations... the market can't even value things very well at all these days so lets not expect it to value SOLG properly. Leave that to a buyer or auction process.
It's dire times in the markets... not many bright lights in mining sector. So probably worst time ever to try and sell a tier1 asset but then surely that's the best time to buy if you are someone like BHP or chinese?
We've been at 10p a few times and the bounce back to 40's has happenend many times over. If it happened again, it's not going t be a surprise to many. But dreams of £1+ likely only possible in a copper / gold bull market and that's 2 years away... and that's too long for SOLG for sure and Ecuadorians.
The problem with Scotts much smaller new PFS... and he does keep ramming home that it will be significantly smaller, in order to get the reduced cap ex... is the immediate headlines and focus will all be how much smaller it is now.. granted the aim is to eventually exploit more of the resource as was originally intended.. but that will be the take away for many... the reduced scale of the mine.. that is not going to create huge leaps in value... and if you accept that, then another royalty deal could be disastrous, if the economics are already borderline....
Remember the last time they shrunk the mine, Franco Nevada got an uplift on their deal..
I cant and wont vote for any additional royalty deal... no chance... They have totally wasted the last one from Osisko... What can management point to to highlight where that money went??? beyond the huge redundancy payments for Scotts efficiencies.
I don't think it's a coincidence that the share price has tanked over 20% since that Kitco interview was published on YouTube (4 days ago). He was asked some of the tougher questions that had been raised on this BB and his answers were both uninspiring and inadequate. Regretting getting back involved at 14p, but still a believer long term.
scott.... i would be coordinating a cr and will try and fund as much as possible of it (personally).
privy of news......i would be buying quietly as much as possible.... every day every month.
bhp.... i'd be looking like a ******** considering i paid 45p a long time ago....
maybe its solgold who is happy where we are... maybe its solgold manipulating the sp.... we are very very attractive at todays price....
I said last week where this was going I am now starting to think they are trying to liquidate it then someone will make money and it's not the PI's
DBW - that tells its own story I think given that the SP has been under increased pressure for whatever reason.
Orthern - I'm not sure he's inept. To me, he has been installed as a keyholder almost with a strict remit to cut spends, budgets, etc. That was clear from the outset as he never hid it. He shelved the DFS very early and so I think there were reasons to oppose him if someone wanted to send a message, as BHP and Newcrest clearly did. It still would have been futile mind because the key players would just find another to carry the torch.
If we are to believe Bob, and I know many do, he has been installed to tidy up the mess. That means doing less or none of the fancy stuff that makes us look good. I'm disappointed by that because I wanted some regional exploration this year but I think it boils down to trying to understand the power struggle and how that impacts what we see.
Rich3r - In the absence of a low ball (and I was worried about one of them since the Mather AGM as you may remember) then I think it's as we are into Q1. Reworked PFS to follow a phased approach. By that point, we should have something constructive with those under NDA. If not then they may look for another royalty if the stock price isn't where they want it for the CGP held shares.
It's just a huge game of chess. I don't like it as much as the next person but I'm holding through because I still think SOLG are in control, as underwhelming as everything else day to day, is.
Ray if it’s a massive tree shake then it stinks (as usual)!!
Will the reason behind this significant sp drop become apparent? I really hope so but equally doubt so.
Hi Bozi. How do you see this playing out then - if you don’t mind me asking? I’ve always valued your opinion even if I’ve often disagreed.
FWIW (nothing) my hopes of decent profits are long gone with this share. The malaise and rot have been ongoing for too long now. I envisage a sale lock stock & barrel around 20 to 30p. There will be rival bids but nowhere near the £1+ mark many LTHs expected.
All that said, it’s easy to be dower on a day like today - and maybe this share will finally deliver the goods one of these days. Won’t hold my breath though :-/
I can agree to most of that Bozi.... but last year, before the CGP merger, we had no idea he was so inept... and would set out on such a disastrous plan of stop everything, mothball the company, refuse to commit to any strategy and just hope no one asks questions..
Bozi weirdly it wasn’t that easy to buy at times today
The bid seems to have closed bang on 10p. Ok, what have we been taken down here for? To fall further? Or to bounce back, making a good few quid for those that engineered this on such small volumes? Or is there indeed a bit of news in the offing?
Add - anyone with half a brain cell knows this isn't Scott's fault.
The strategy is questionable but let's not kid ourselves - SOLG could have started drilling again and gone on a PR charm and it wasn't escaping this sell off.
This is what happens when a peer experiences a big shock. Investors read across.
Nobody can say they haven't had a chance to buy more stock this week. Granted it's not an easy buy but the opportunity has been there.
Voting Scott out at the AGM is shareholders putting their bruised egos before themselves. Scott is merely a proxy. They'll just get someone else and carry on the same way.
We're all locked in now. If you didn't like Scott then the time to voice displeasure was last year before the CGP merger closed.
Now we're past the mark of no return.