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Anon3 ... nah, my holding isn’t so big as to be uncomfortable, so perhaps I phrased the making me nervous bit badly. As with any investment, I am happier when I believe I’m getting transparency and honesty from the board. In the current circumstances with Solg, it is understandable that that may not 100% be the case. I’m sure they are keeping us as informed as possible. Not wishing for any more last minute surprises like last night though! Agree that sentiment and opinion has it that he’s got a track record of providing value let’s hope he does so here as well.
Tos1963,
Not that I know much about NM's previous history, but the consensus is that he creates value for all shareholders and afaik, has never stitched anyone up.
I see no reason why he'd start now.
If I was that nervous, I'd be asking myself if my holding might be uncomfortably big, tbh.
Anon3... yep, I hear you. I guess I just want clarity here. It’s natural in the late stages of an exploration lifecycle that the board will play their cards as close to their chests as regulations allow, but it usually leads to nervous shareholders like me thinking they might be hiding something! Perhaps I should just take him at face value, he is fully intent on taking this to production. Suspect his kids will seethe benefits of that, as at his age it will be more of a legacy than a career!
ToS1963,
I maintain my position.
He wants to go to production.
The truth is, it doesn't matter either way, imo.
As production or a sale, this will be a big earner for the shareholders.
I know some would prefer a sale because it brings a qucker result.
But the real money would be in production, the massively increased sP and the divis.
Even if it might be the kids seeing the benefit, as could very possibly be my case too.
Anon.... from all the recent rumblings from NM and the board, it would seem, on the surface, that you are right here, and he fully intends to take this to production. Personally, I don’t think so, I think he’s talking that up to ensure best price possible for any offer. Whatever, it hopefully won’t be too much longer before we find out who is correct. In my view, last night makes even less sense in the taking it to production scenario. The funds raised are laughable vis a vis yielding a mine from scratch. All that said... I, along with most long term holders, did not invest here because we wanted to support a mining start up. We invested in an exploration company. I for one have neither the desire nor inclination to wait a further 7 or so years for a return. Should you prove to be correct, I will probably do as you suggest and stick them in a drawer. My kids will see more benefit than I will I suspect! Either way... unforeseen events nonwithstanding, we should make good money here. It’s just a question of when.
Fair enough. We disagree.
I just think it's not about the money.
It's not like NM needs it, is it?
I'm overall very bullish about Solg, but the earlier comment that this is a boring share fascinated me.
I've seen this go from 3p to 40p and back down to 10p and anywhere and everywhere in between.
And I've been in and out of it quite a few times, making reasonable profit.
How people think they haven't had chances to make money is beyond me.
But one thing I've noticed about the Solg SP is that it has an amazing ability to just the opposite of what you expect.
Hence I'm fully confident I'm going to be adding at sub 20p.
That probably sounds really negative, but I'm sure many of you know I'm probably right.
And those who want Solg to discover, sell, rinse and repeat, sorry, you've constantly been told by NM that he wants to take this to production.
I firmly believe that that's what he wants to happen. And he'll fight tooth and nail to achieve it.
Which will probably take another six or seven years, minimum, imo.
If you don't like that idea, your best bet is to either sell down or just put them in the bottom drawer.
If it's the latter, I'm sure you'll be very pleasantly surprised when you look again.