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"he only filters people that can explain their thinking. "
Quady, I assume you're having a late night laugh!
His filter list last time he published it consisted of:
Yourself
Novicehunter
Newtoit
and someone else who I can't remember.
I think that leaves a great deal of posters who remain unfiltered and who have no trouble at all explaining their thinking!
Evening Novice, I think he's running out of people to filter. Also have you noticed, he only filters people that can explain their thinking.
He really doesn't like thinking.
Whether the duck head has us all filtered or not we will all win or lose together... ; )
Me thinks he chose the wrong character from VIZ
Should have been .. Terry ****witt
I see Roger rabbit is starting to show their true colours. Jealous because they don't own a single share in solg lolz
Silly me , I forgot you can still type..
Hand cuffs Ebineezer.
GLA
Goof point Roger.
The bubble is about to burst!?
Hi rcgl2, that's just obvious, so not sure that's news.
Quad, he does seem to agree with your point about the diverse book though doesn't he. With various moderately large holdings but none greater than 20% he thinks it's hard for any one party to bid for Solg.
Nice .. that would shut one up .!.
double bubble at the very least......
Schlemiel,don't think there will be many downers imho ,I've said for last five years this is only the start ,this is about to get a whole lot better imho .
Yes, Cornford's suggestion that investors are concerned about future funding concerns regarding drilling costs is a tad silly and naive. The upside here is fare greater than any possible downside..there are so many price drivers to come (up and indeed down if negative) that to be out of the stock would be crazy
Schlem
I don't think you're allowed to smoke inside
Is he seriously suggesting that folks won't want to buy shares now, before more regional exploration results, PFS, conditional funding etc, and the tempting prospect of a Bid battle, because of a possible small (3-5%) fundraise at some point next year???
The blokes insane! Not to mention wrong about his money in the bank comment in his previous update and overlooked the 50m in additional money they have already been offered by Franco, but not taken up yet!
Sorry Schlemiel, the only thing for the birds is that article.
It states that a JV is on the cards, but doesn't say why, and assumes that the funding cannot be raised independently, but again doesn't say why, so no more than an unsubstantiated twaddle.
'for the birds' in effect means 'not to be taken seriously'
As I suggested a fortnight ago, Solgold’s (LON:SOLG) ‘log-jam’ might take longer to free than some hoped after the BHP lock-in ended last week. The shares initially retraced from a strong 40-42p chart resistance level going back three years, despite the promise that Solgold’s new ‘discovery’ at Porvenir will add substantially to the value it already has at Alpala.
As I see it, however, that old jam hasn’t been freed at all. It is still there in the form of the key shareholdings (Newcrest, BHP, Cornerstone, Black Rock) which would have to be ‘unlocked’ before enough are freed for anyone else to think of bidding. Otherwise, there would seem to be no hurry for any interested bidder to do anything, while Solgold shoulders the cost of further exploration drilling.
So perhaps my warning that investors would start to focus on that cost some time next year wasn’t so premature. Meanwhile, Solgold’s Nick Mather promises that the forthcoming Alpala PFS, and news of ‘conditional’ funding for Alpala, will further improve his defences.
So far, however, any share price improvement is stemming from the initial drilling success at Porvenir. More might come with news from another ‘promising’ target, closer to and possibly even larger than, Alpala or Porvenir, Rio Amarillo, where drilling is just starting.
But, as for Mather’s strategy to take his discoveries to production rather than selling them off at financing stage in order to fund further exploration, I think it is increasingly being seen by others, as well as by me, as ‘for the birds’.
So maybe things will start to happen in smoke-filled rooms behind closed doors. What I don’t think will happen is any public bidding war. More likely is a farm-in by a major to participate in funding Alpala. Such development, I think, would give a more permanent boost to the shares.
If not that, there might be a two-way pull on them during the next six months between drilling success and fears of the next fund raise. And any news would have to be pretty significant to break through that 42p level.
end
https://masterinvestor.co.uk/equities/johns-mining-journal-place-your-bets/