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Kat2008 that's easy the book has just become more diverse as BHP and NCM have been diluted.
That's obvious.
You just can’t help yourself can you, one of the a trades at 17p+ was for 85 pence, more likely mm’s balancing their books, but you love to mislead posters on here to stuff going on in the background.
You really are the lowest of the low trying to mislead everyone here with your fantasy buying……..
Get ready for that margin call……
https://www.zerohedge.com/commodities/extremely-tight-market-could-push-copper-prices-record-highs
All of you who kept telling Quibbles we hadn't merged with CGP, please read this morning's RNS...
Where are they? What is their next move re SOLG if any? I always assumed they would bid at some point?
RK, does Solgold have approval to do share buybacks?
Algo sale at 16.94...off book buys at 17 plus...
back to the 16s red... more at 11
Into the 17s already...
Fortissimo ,yes indeed they did from AGM things could be looked at in a different way ,these that think this will go to production in a j/v are deluded , NM always said he wants best value for all shareholders his history speaks for itself he has not solgold board any intention of taking cascabel to production ,might be sold as a whole yet let's see
Bubble, since October's merger RNS we've had some risks and headwinds for sure. Market melt down, now looking like an over reaction and forecasts improving. $85m raised with minimal dilution. Merger all sorted awaiting formal paperwork/court sanction. Cash reserves solid post merger.
It really couldn't have gone any better.
Copper and gold prices near mid term highs. What's not to like?
Just need these ARB boys out of the way and the rerate can commence.
Redknight is desperate , he is balls deep in his own self inflicted mess and will post any drivel to stop margin calls wiping him out
Rk,you are correct regarding buys day after day especially after close someone loading up but who ?
Fortissimo completely agree with you there one less to be concerned about ,wait for it!!,the green post are about to arrive lol!!:(,can't make it up gla
RK, that's some imagination you have there! That's all it is......lol.
Ask yourself, who's going to sell at anywhere near the current SP...
I'm not talking about a block purchase, I'm talking about steady buying day after day...
Bozi...think it through...
Average daily volume is c3m shares...
ALGOs regularly take this down with relatively little volume...
XIB have a short that is only 11 million shares....
It would only take a fraction of 125 million shares and persistent buying to break the SP out of resistance...
Day after day I'm firmly bid for between 200 and 700k of shares...
Theres at least one persistent buyer there...
Add in our 125 million and the SP would fly...
Very good news indeed.Another unknown and potential risk gone. Be interesting to see what the ARB boys do today and over coming week as they know the scores on the doors now.
Looks like there won't be any further requirement for equity raises now that our cash pile is free to use for working capital and regional exploration. The SR $50m is for ENSA only so should mean we have around $30m to send on regionals which might be quite interesting as a backdrop to offer/bid talks on ENSA with various parties.
There was a danger early on, that we would need that $30m+ raised via Chinese to pay off some CGP holders. Had that been significant, we might then have needed a second equity raise. So very good news today.
Take into consideration, Solg holds shares in CGP, imo 10%
If you assume SolGold has c.£50m after the sale of the CGP SolGold shares that aren't ringfenced for Cascabel and the company designated half those funds for a buyback.
At an average buyback price of 20p they're able to buy 125m shares. At 18p it's 137.5m shares.
It's hardly a dent in the c. 3.2bn post merger fully diluted issued share capital.
Not to mention how daft they'd look if they didn't tempt a bid before the remainder of the budget was absorbed by G&A.
Morning all. This will be a rant but trying to justify my investment as i see it. When I came to live in Ecuador about 20 years ago I did it because I saw an opportunity that I couldnt have in England. So I sold my property and business there and went all in here. I bought many properties here and divided them up into more affordable lots. At this point here comes my analogy. Many consessions bought cheaply. I developed , derisked , and built houses to sell or rent or sold the lots to have a good cashflow and profit. I always kept my jewel in the crown which was my first house, but now I need to sell it to continue , as painfull as that may be I will do it to further my business!! I invested in this business because I thought they had a vaguely similar idea, buy, explore , de risk , advertise and sell!! and move on to the next project. Explore, find, and sell or JV etc. That was the business model I bought into. I am more confident than in a long time that this is whats going to happen!! so GLA I am off to bed
DK
One is about to be very disappointed very soon!
To tighten the market and force up the opening bid....
Quady. Please can you quickly summarise what effect the new shareholders will have on your interesting diverse book hypothesis, thanks.
One very definitely Hope's not mog...
One expects that Jiangxi will launch a bid as soon as the 'acquisition' is completed ...
And then one 'hopes' that BHP will launch a counterbid...