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To accuse Quady of being a deramper is just madness. I don’t agree with a lot of what he posts but I can clearly see he is not a deramper, if such a thing even exists.
From memory the clause stipulated that production had to start before 202x or else some penalty applied. The new plan gets us there much quicker, despite the current delay. It didn't specify that it had to be from u/g Alpala...it's a Cascabel agreement overall.
Quady,
You are completely aligned with the derampers., and you are very defensive regarding manipulation. I wonder why....
You make no sense, whatsoever.
How accounts do you manage. You are a fake!
Bubble, not sure I understand your question.
Are you suggesting that if production didn't commence by a certain date the Franco monies would have to re-paid? As far as the government is concerned I'm not sure any such agreement exists, although I may be entirely wrong.
Addick ,yes I know but was there not a clause in contract to a supply date on completion of mine which does appear to be slipping ,that is surely going to effect the planning to construct to mine agreement with the Ecuador government
No I don't Shipright, let's imagine the following scenario.
In order to manipulate the price by even a penny, you would be risking the reputation of some of the biggest corporation's in the world. They don't think or work like that. Their reputation is too valuable.
These are conspiracy theories that have taken root over time. Some people actually believe this stuff. I have even see it appear in books on investment. But as soon as your investor head is engaged you realise it's rubbish.
But do you think in a world where deceit and corruption are applauded and have become the norm, that a potential bidder would not try to manipulate the price down if it would save money on their bid? A penny off 2bn shares is £20m.
Bubble, the Franco deal is fully drawn and is extant. And, as was announced, following pressure from BHP and NCM, there will be no further deals of this nature.
BBG, how exactly am I "spooking investors"?
By virtue of their current shareholding and the control they quite clearly exercised last year tells you all you need to know about how entrenched they are. Twigger's announcement a few months back confirmed the situation - we are now working in co-operation with BHP and, as RK has mentioned on several occasions, they have four geologists based in Ecuador doing little else other than working on Alpala.
BHP will either decide to take this (or Alpala on its own) or not. If they don't, the decision will be based upon an uneconomic PFS, at which point we're in for a rocky ride. And before you accuse me of de-ramping again, this is simply a fact.
The fact is both of us believe a bid will emerge, the difference is I understand the position of strength BHP occupy.
Yes Bubble all those things have happened, but that is the evolution of Solgold as we change from an Explorer to a producer. Let's see who the new head of the company is.
Maybe that will assist us in clarity of direction.
I am reasonably sure it will reinforce Solgolds ambition to bring Alpala to production.
Quady that maybe the case imho ,but did Marshall not bring the experience to bring it forward ,what's happening with franco deal and regional updates and another Solomon Islands ??,wait for it guys !!,the green poster will be here soon lol!!:):)
Hello Shipright, not like you to join the conspiracy theorists. I have seen articles like this for decades. Name me any court cases that have resulted in convictions. As for Solgold the ideas of rampers and derampers is daft. We may get the odd trader, changing tact depending if they are in or out, but equally they could be in or out because their judgement informs them that the price is going to go one way or another. For the conspiracy theorists ( your not included Shipright)
I will give you this, consider it ramping or deramping
No bid is imminent, no bid after PFS, no bid this year. Simple really, we are so far out of date with the PEA, that we require a PFS to see an updated value of the company, and to get some idea of the CFP.
All the best.
Conspiracy theories of paid posters, rampers and de dampers is just childish. The adult reasoning is, people expressing alternative views, and people who are willing to accept there are facts for and against certain outcomes, That there are reasons why we are sat at such a low share price.
Don't be silly ssmith_trader, of course I am not. I just call it as I see it.
You are correct on volume, it's what keeps the share price in its current range. We require a higher profile as a company. Also diverse book, means many shares are not traded leading to our current situation.
It's just a case of it is what it is.
Quady I agree. Are you a paid ramper? That's been the same rehash for the past years since BHP invested. Truth is it's all speculation. As most intelligent posters here have stated, I highly doubt LSE is a forum where people are 'paid' to deramp (much more likely to ramp and try and get share price up so they can get out!). Truth is, as has often been stated, SOLG has low volume, it isn't producing anything and needs tons of financing. Not the most favourable of points when QT is around the corner.
Quady, just because so don't hear about them doesn't mean it doesn't happen.
If you genuinely believe there is no manipulation, legal or otherwise, you're stupid and I don't think you're stupid.
That kinda points to you trying to divert attention away from this kind of behaviour.
Sorry Mog, that post on derampers is not true.
I have seen many in the same vein.
If these people were telling the truth, we would be inundated with financial misconduct cases.
These individuals are just fantasists.
*share
Addicknt -
Again, you are trying to spook fear into any shareholders wanting to see an auction/takeover event...
How is BHP entrenched?
Have you seen the long list of established mid tier / major mining companies already in South AM.
Is BHP a majority owner?
Twiggy could drop a bid of £1 a shire without blinking...
Its coming and you know it
Ship, they're far too entrenched, and that's before we consider their fire power.
Maybe you can explain why BHP won't have any competition.
Rather than simply call Orthern a de-ramper, why not focus on what he says.
1. He says BHP will not have any competition - he's right.
2. He says they aren't investing - he's completely wrong.
3. He says the Crux report exposed many technical flaws - he's right. So much so that it led to a fundamentally different approach by our board and not just to the PFS. My guess is that BHP were also well aware of this and didn't need Crux to point it our for them.
4. We all hope the PFS reveals a stronger and viable project; or perhaps some of you don't?
BHP are here for a very good reason and it isn't simply to be a minority investor.
Sometimes the truth is unpalatable for private investors, but it shouldn't be ignored.
Here you go Monte, make your own mind up if true or not
https://mobile.twitter.com/Stale_Bull/status/1414980373885358087/photo/1
Who pays these derampers and why?
Rio sanctions $2bn+ investment in Lithium mine in Europe. Majors now triggering capex decisions 'future facing' commodities.
For long suffering holders let's hope BHP or someone with deep pockets makes a move