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Hmmm do you hold all your shares if they start going in the opposite direction to where you want them to go..don't get me wrong as I have made the same mistake myself in the past but generally I tend to not let my heart rule my head and sell if I think they are going down knowing I can buy back if I still want to be invested but if you call it wrong probably not going to cost too much more to get back in...just seemed a bit strange posting that without really giving any reason
DBW, I agree - he's undergone a sea-change in the intervening years.
Add ….. agree but there’s no way this merger would be happening unless Nick was 100% happy …. I think all bodes very well for the future. Need to get merger signed off then I think an even clearer picture will emerge and any pretence of production or JV’s will be well and truly put to bed
HNY DBW
Why would I sell at a 15k loss? We all know shares go down , they also go back up , that's why most folk hold. I fully expect a rise at some stage Not2 , when is another matter. IMO it's best not to realise any losses.
Doesn't anybody learn.
All those that said we would be sold before Christmas are wrong again.
Those expecting a bid by Jan 9th or on Jan 9th are wrong again.
We are not expecting a bid as we don't even have any indication of a bid.
The clue here is the he 0.6% royalty deal for offtake.
The 50 million is ring fenced for Cascabel.
That means that's where the activity is.
So the only question is how is Cascabel going to play out.
Well we need to wait for the strategic review to see the way Cascabel is going to be funded and show us the direction of travel.
Happy new year everyone.
DBW, one thing to add to you list is the fact that for the first time in three years we've emerged from the AGM with a clear plan and seemingly, without the board being in chaos - albeit I do have some residual concern about the voting pattern relating to board appointments.
At last we have a board who recognise we can't stumble on as before and radical change is needed and it's ironic that this has been brought about by a corporate transaction which, when it was initially mooted by Mather, would have prevented us from getting to this point. In other words, had our hostile bid been successful we would have had the same management structure and the same aimless groping around in the dark. CGP, our sworn enemies, have become our saviours (hopefully!) Weird, innit?
Covgaz ..it obviously makes no difference to me what anybody does with their trades but the point I was making was that surely if you believed that as a result of the merger the sp would decline to the 14p range and you are holding then it is a no brainer to sell now before that deal is finalised..it does not make much sense holding shares if you are expecting them to go down
Really feel more positive about Solgold now that I have for a long time.
Unfortunately we had to move backwards before we could start go forwards again.
With the balance of power firmly redressed we are back in charge of our own destiny at last.
Funding overhang well and truly gone, harmonious relationship with CGP finally achieved, big new institutional investors on the book and an emerging
Copper super cycle on the horizon.
We mustn’t forget that whilst most exploration has been curtailed of late, the drilling at Cascabel has continued…if they can continue to add value here (especially near surface) it can only increase potential investor returns. …… Would love to see what they may or may not have at Moran ??
Who knows what 2023 has in store but I’m expecting it to be a transformational year for everyone here
My point was i'm expecting 14's but we'll see next week.
If that was my thought pattern Covgaz I would sell beforehand...if you are holding any shares that is
Covgaz, a nice risee to the 19's?
That isn't a nice rise....it is pitiful! For me the nice rises will start in the 30's and 40's and not before! Having said that.............. there are a lot of traders here that try to condition folk into believing 19p is a nice little price?, believe me, 19p is anything but a nice price!
A quick message to any wannabe traders............
NOW IS NOT THE TIME!
TSX SOLG up nearly 7% at close albeit on low volume
So with the merger possibly going ahead on 9th Jan , can we expect a retrace to the mid 14's , or a nice rise to the 19's after the vote? I'd say retrace as the current sentiment is.
Fast and smart indeed.... and that's not just SOLG. Looks like Lasso keen to get a jog on before 2025 elections.
Great research and posts of late.
Ooh hello looks like everything in order now ,the books about to be opened gla
In Spanish - posts on the deal on Ambassador's twitter feed -
https://mobile.twitter.com/embajadaecuchi
Very much doubt that Ecuador would stand in the way of any Chinese takeover of SOLG - not that I thought they would anyway
Maybe a nice way to announce the renewed trade deal and co-operation between countries with a SOLG sold to Jiangxi news headline ……you never know
DG1 good find and post -
https://www.reuters.com/markets/ecuador-reaches-trade-deal-with-china-aims-increase-exports-lasso-says-2023-01-03/
Posted before but worth reviewing -
https://www.afr.com/companies/mining/how-bhp-newcrest-may-lose-their-copper-prize-to-a-scrappy-crew-of-minnows-20221114-p5bxxy
Ecuador / China signed off on their free trade agreement today
Ecuador reaches trade deal with China, aims to increase exports, Lasso says
It’s a Reuters article - I couldn’t post it here but a quick search on Google and I’m sure you chaps will be able to find it
BPHIL, nice post but if POG and POS go skywards and copper price disappoints then, then we simply become a precious metal play as we have all 3 metals! Come on, somebody put in a bid! LOL!
Hadn’t read that …. Thanks
Apologies if this article has already been posted
https://www.intellinews.com/the-copper-shortage-is-getting-real-265590/
Good posts SM. Even if Solg doesn't follow the Bozi Solution, I guess the point is it could. So if anyone tables a bid that just values Solg based on Cascabel, NM and the rest of the board will say this does not represent the full value for the company because we miss out on all potential future upside from the rest of the portfolio. So if anyone wants to buy Solg outright, it needs to be at a price that adequately compensates current shareholders for selling that potential upside. If it doesn't, then we can look to sell Cascabel itself but we want to keep our exposure to the rest, rinse and repeat.