George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Hmmm, insiders haven’t bought in so that must they must be because of insider trading rules…
And not what the company is actually telling you….
“Given that the Company will need to secure further funding to meet the Group’s future exploration and working capital commitments, the situation gives rise to a material uncertainty as there can be no assurance the Company will be able to raise the required financing in the future. This material uncertainty may cast significant doubt upon the Group’s and the Company’s ability to continue as a going concern. Notwithstanding this material uncertainty, the Directors consider it appropriate to adopt the going concern basis of accounting in the preparation of the financial statements given the Company’s proven ability to raise necessary funding. The financial statements do not include the adjustments that would result if the Group and Company were unable to continue as a going concern.”
It seems nothing can arrest the slow slide into the 5's
Texas is so concerned that every single one of his posts have been devoted to saving Solg investors money....
Just us , no one else....
It never ceases to amaze me how some folks worried about PIs invested in a stock they think is worthless - why !? Bored are we !
It never ceases to amaze me how retail investors never get bored of losing money.
They just pour more and more money into an ever declining stock.
People say the game is rigged for institutions but for the most part it’s all just self harm by stupidly shambolic investors.
“And of course there are 15 other interested parties in the dataroom..”
I can’t believed this was rolled out again. If there are 15 parties still in the data room it’s because they are locked in and have all died from starvation!
Such excited chatter. Thought the sp must of climbed. Nope down another 4%
If people want to keep 'topping up' all that's doing is slowing the decline.
The SP may well end up multiples of where it is now, sadly though I fear it will just continue to fall the next couple years until it's sub 1p.
At 7.43p, Roxi, you said
"won't be adding anymore, sat with a decent amount now, just a wait and see now for the next few weeks/months"
We're you expecting a 20% drop from there? Thought we'd hit the bottom? Why is it still going down? Was it not the bottom? Was I correct instead?
Ouch
To Top Up Time???
Perhaps he’s just done the opposite to you and made a fortune……each to their own…….
Does Jiangxi announce funding pre or post technical report release?
Add, I guess you just can’t help yourself either…….😁
B3ast - you're making an assumption that the SP will not increase from here on.
I am here for funding news + future corp activity + potential dividends + share price appreciation (x15 +).
Why are you following Solg? For the above reasons no doubt.
RK, that was my assumption, but the RNS doesn't specify whether they're exec or non-exec...unless I've missed it.
Oh and to remind you...the insiders still haven't bought any more shares, so there must still be something material going on in the background...
These are NON EXEC appointments so may only cost say $100k pa.
Jan Liu is significant...Jiangxi effectively owns Vakuestone who took a significant stake years ago. At any time that could be consolidated with Jiangxis stake.
As a Board member he gets an in depth look at everything and this may well be designed to get BHP and Newmont to make their minds up. Mr Liu has been invited to join the Board..the other two would need to up their stakes to 15% to have the same purview that Jiangxi now have.
The Board was light after Twigger and Clare went and no matter how king it takes for the first bid to arrive, 5 Directors is not enough for a FTSE company.
Also since Ingo went they haven't had the same Financial insight into mining capital markets, except for Big Bad Bob.
These appointments show Daniel Noboa that SOLG means business.
But dont forget there are also two other major players with a strategic interest....FNV and Osisko...both of whom valued Cascabel alone at a minimum of c$1bn...
And if course there are 15 other interested parties in the dataroom...
So...message to Newmont, who've made a decision not to proceed with GGP...
What's your strategy now...?
"B3ast - todays shareprice doesn't affect me or illustrate solgolds resource."
It may not impact you, but i'm sure plenty here have invested for the potential of a future return for them to retire with/enjoy/spend on family etc etc. With the sliding SP none of this is possible
B3ast - todays shareprice doesn't affect me or illustrate solgolds resource.
Announcement regarding development financing is a matter of time... 1 day, 1 week, 1 month, 6 months.
I want to see us go to production or see a major sale of the business.
Separately, Craig Jones will be looking for a new job soon. He would be fantastic to have on our team.
.. Which is “very powerful and will promoteth growth of the company” if I remember the quote
BBG
All too often people on LSE post hinting at what's going on in the background and what commercial deals could be in the pipeline. I get that could be entirely true in this case but the sliding share price is overall more concerning.
To be honest SharketMare, my interpretation was:
I sell manure.
"I advise on institutional agriculture deals"
I sell farms.
Just stating a fact, Tesla. Why anyone who isn't invested in a company would spend time posting anything, let alone negative dirge, is way beyond me. But I guess you have your reasons.
B3ast -
I advise on institutional agriculture deals, and what we have seen today is a clear and obvious condition precedent to a major deal being announced between Jiangxi and SOLG.
I see this in every equity deal I execute with investment arriving into a project or company.
BHP knows what today means.