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Can you post the link please
Driving at the moment
Thanks
that Hannam note indicates 80p by end of June. What is expected to happen between now and the end of June? I read a comment below referring to higher share price expected by end of June - if you could enlighten me on this it would be appreciated.
Hannam note out. TP 80p but quite bullish otherwise.
57721 at 28.45
I really hope so DBW, fortunately you are preaching to the converted, however how MUCH longer are we going to say this!!!
Hi Novice
Whilst shares usually hit the placing price or below , this could well not be the case here. . News could drop at any time then all bets are off
Sorry...bought another 29798 at 28.43...
Too Eager RK, you should have waited till it drops to the recent placing price of 25.5p!! It's so obvious what's happening here ... when it does they will also be scooped up by the big boys slowly slowly, as they say hide in plain site. I really am having serious doubts that this will ever reach more than 50/60p at the moment. But are they getting any of my haul ? NOT A CHANCE!!!
Forget what you see on Level 2...I'm firmly bid now for 300,000...the demand is there...presumably continuing for institutions who couldn't get what they wanted in the cashbox issue...up to 30p judged by recent activity...
Bought another 82,830 at 28.56...
Paints drying ATM ...tick tock tick tock :):)
Thing is about Blackrock, they are just reporting a total number, we don't know the breakdown of which funds or in what capacity they hold all their Solg shares. Some of them are in iShares ETFs so they have no real discretion about buying or selling there they are just going to track whatever the underlying index is. There's a chunk in their world mining trust. The rest could be active funds, passive funds, managed pension funds, managed institutional accounts... There is not just one big Blackrock pot that they manage for their own benefit. I don't really see them co-ordinating some devious trading strategy when their holdings are probably split across numerous funds and accounts with different managers. If they're trying to cap the price for the benefit of one fund they'd be robbing Peter to pay Paul imo.
They are one of the largest shareholders in BHP and NCM and all their competitors and for that matter most large listed companies. For BHP, acquiring Solg and all of its licences could be a key part of securing their future facing metals business for decades to come. If they ultimately buy Solg for $2bn or $3bn I don't think it's really going to move the needle on the BHP share price as such. But that difference would represent multiples higher return on Solg shares acquired for pennies. In the long run BHP will get Solg, but I'm sure a lot of Blackrock fund managers would rather see Solg bought for a higher price than a lowball.
Schlem - the only political risk is the conflict our sale process may generate between US/Australia v China when either nations try to secure our assets.
News soon I think ,got that 1 trade ,11 trade feeling gla.
And some holders want 6 years of this nonsense where the order book and therefore the price is controlled by god knows?
What happens if Ecuador in 5 years time elect a Marxist leader?
Understand that this is Ecuador and not a western nation. Do not underestimate the political risk here which is why I want to see SOLG to prove up each asset and sell it for the highest price to one of the majors (let them absorb the elevated risk of holding assets in this region) returning the cash to shareholders. This is what explorers do.
Not Nick's baby anymore. Blame someone else.
Thanks for those replies. My rant had more to do with frustration. Comparing the gold/silver/copper price with the prices used in the last MRE makes me wanna puke.
I have been in and out of SOLG since the lofty Solomon Gold days and have been reading those message boards. I have been holding DGR shares since those days as well and DGR is only double the price today when SOLG hit rock bottom @ 1p.
Anyway we can't change a thing. I always said, corporate action is needed and the sooner the better. I know everybody is talking about being only at the beginning of a commodity bull run.
I hope Nick won't let go of this once in a lifetime opportunity. GL
I read that China is liking Gold more.......... I have seen before where there is a lot of interest in gold then all things gold start getting more buys, that includes prospects with more risk. Just an aged observation. My first ever profits on the market were from such sentiment, having followed Alan Bond on his golden ventures, many years since. Its not just about what we have, its what others think it might be worth.
Hello Senderos, we currently produce no copper, gold or silver and won't do so for another ~5-7 years at best (Porvenir may change this). To expect our price to rise in line with mining giants producing vast quantities of those metals is thinking for the birds I'm afraid.
This share will move on:
1) Porvenir drillings results / MRE (my personal belief is that the company will deliver a sizeable tranche of drilling results from across the portfolio in due course, rather than update on a hole-by-hole basis)
2) The revised PFS (due later this year)
3) A takeover bid
We are now well-funded, sitting on the best copper/gold discovery for some time and potentially entering a commodities super-cycle. This share will come good.. have a little patience and ignore the day to day movements. 30p will be a distant memory before the year is out.
It is not manipulated, there just isn't enough money buying the share at the moment to drive the price up. People say there are these large blocks on the ask of 500k or 1m shares at 30p or 31p. The idea that were it not for those blockers, the price would rise, and then more institutional investors would pile in at a higher price in order to sustain the upward price movement doesn't make sense to me. Why would fund managers be willing to invest substantial amounts of money at 40p but they aren't willing to buy 25% cheaper at 30p? If investors felt that Solg was such a great investment and was definitely going to be worth much more in the future than it is today, they would be buying up the shares right now and those large blocks of shares would get snapped up.
As it is, this is still a high risk share. The assets in the ground are incredibly valuable but they need to be de-risked further. More definition of the resources at the regionals is needed and the PFS and a realistic funding plan is needed for Alpala. News, PFS and funding plan will move the share price, we just need to wait for them.
Some blocks on the ask may deter day traders and short term traders but I don't think a significant share price rise is going to be driven and sustained by day traders, it will require more volume from longer term investors.
It's too easy to blame some nefarious manipulator when a share doesn't go up after you bought it. Reality is that more buyers are needed for the price to go up. Solg is hardly doing badly anyway. They just issued an extra 10% of the share capital of the company and the share price is actually higher today than it was on the day they announced the placing! The market cap of the company is about £71m higher today than it was when they announced the placing, so you could say the market is valuing Solg higher.
If copper, gold, silver, bhp and Rio is up and SOLG is down while trading within ~ 1/5p, then we all should realize that we are heavily manipulated. I am looking forward to the day when SOLG is released from prison.
The elastic has to snap at some point!
I like it Bubble :)
Red,totally frustrating this share I've been here nearly 10yrs everything else is going up ,but this stays flat or down recently
Copper up...gold up...silver up, BHP up...RIO up......SOLG down...same old same old...