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Up 6.62% on tsx 32 cents
Speak for yourself Josepi. This concept that SolGold should just surrender to the market in full so you and others can close your latest trade is pretty ridiculous if I'm being honest.
This concept of just wanting to pass on something like this for 40-50p is beyond me. Where is your concept of value?
You think other companies don't have problems, political influences from inside and outside the walls, etc? This idea that folks can take their swelling SOLG proceeds and find 3/4/5 opportunities just as good if not better is a madness.
The idea behind investing is you get absolute top bang for your buck via your chosen asset over the timeframe you are invested. The dreams of many back in 2017 were just that as you say, but that doesn't mean we need to cave in now and let this go for £1.2-£1.5bn.
This is why spinning out the regionals really does suit everyone. Anyone with similar thinking to you can take your Solgold (Cascabel) sale proceeds of 40p and you can sell your stock in the spin off company and just walk away, leaving those of us who want to remain and believe that the regional assets in Ecuador represent a value opportunity to do so.
Heres a bullish perspective...
We're up over 15% since Friday's low
And we've averaged over 5 million volume for the last 22 trading days...at least 50/60% above the long term average...
When are we going to see the £50/75 million extra stock that has been bought during that period...
No problem Mathersfinger a couple weeks out of date.
But makes clear Solgolds intentions.
All the best.
Cheers for the link Quady
Atb
For those that are in any doubt the 50 million is for Cascabel only and is ring fenced.
https://osiskogr.com/en/osisko-to-acquire-royalty-on-solgolds-cascabel-project/
I know how you feel, like many on here it’s been a long time coming, now is the time to hold tight, games being played but now being called out, so maybe a result coming sooner than we think, we shall see
Atb
Hello mathersfinger,
I don't doubt for a moment that there are astute firms investing here and they understand the value of the asset in the ground ......That's why i invested myself another 20k worth this morning.
When I reflect back over the last 10 yrs here and see how much progress we have made in revealing the potential of an ever growing resource the current share price does not reflect all of that work.
The issue I see here is the more companies- partners get involved the more likelyhood this will go to Sh@t@
"Too many cooks spoil the broth" I think longtermers having giving this a good number of years I can't see them hanging about for another 10 years, but each to their own.
I hope we get some fireworks here soon before the AGM to get the share price back to respectable levels.
all the best
J
Josepi,
There are some very astute firms that have invested lately, these are not fools and know the value of Solgold, not just at this minute but further down the line.
Let the board keep improving their position and back them to stop a pathetic offer being tabled, they are doing a half decent job at the moment imo.
Atb
just my thoughts........
I remember the good old days when Solgold just seemed to go up and up! .....I remember this forum buzzing with excitement of share price estimates of £1, £2 , £3 and so on .... Some of investors here had spent the money in their heads with ideas of super yachts and the Gucci car, Holiday homes etc.
Those dreams are only that for me now, dreams....40p-50p within the next 12months would suit me fine.
I can't be bothered with the ever constant fund raise issues and the bad blood -squabbling between Solgold BOD and the Majors.
To be fair, I don't trust BHP or NCM or others to do the right thing by the small share holders and expect they will shaft us at some point with an low ball offer of what i've mentioned above .
This journey has to end some day and the sooner this is handed over to the big players, the sooner we can rest easy and move on. (Otherwise we a flapping every few months trying to raise funds just to keep our head above water.)
finally, as for going to Production I just don't see it.
Good luck all
J
Hi rcgl2, when you spend most of your life sat here round the clock, these 1 share trades break the monotony. It's a great way to get your posting number up too. Sad, but true!
Bubble what exactly do you think the 1 share trade means and why? I know it's "your theory" but since you keep posting it on here day in, day out I think it's fair to ask.
Who is meant to be flagging news, to whom and for what purpose?
Orthencopper,lol I'll buy the other one then the 2 trade !!:)
This time next year Rodders!!!
That was me bubble…. I bought 1 share
Yes, and as noted in recent Aussie press the savvy ones like Gina Rinehart have been buying up land / blocks around ENSA as they know that will be of value in coming years. If we look at CGP and recent murmurings from departed CEO, an exploration campaign around Solaris' Warintza looks most likely to me. And then there's CGP's 12.5% stake in Sunstone's Bramaderos (part of SOLG post merger) and I do wonder whether Sunstone will be interested in doing some collaborative JV exploration on some other blocks. eg... SOLG give Sunstone a few blocks in exchange for a larger slice of Bramaderos?? Or similar with Solaris Resources. There's a fair amount can be done without involving Super Majors until blocks are more derisked.
I think the phrase 'fast and smart' as used by Sangha or our interim CEO, rings true.
Between Codelco, Chinese, Sunstone, Solaris, Lundin and a handful of others, there's lots of partnerships and 'smart' opportunities to pursue post ENSA sale.
1 trade popped up ,not ramping though lol,more news coming ?
Just my thoughts, not sure why deciding to post but want to get some other thoughts as to why we are so low.
I always come back to the discovery graph below, in my head we are clearly in the Orphan phase, whilst not as clear cut as below (for example discovery to now has been drawn out and also some Institutional investment early on with NCM / BHP etc) but I'm going to call the bottom of the Orphan period we have just seen (and probably still in).
https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/
Personally I'm trying to work out my sell price... I think we were 40p relatively recently and (despite dilution) genuinely think the Cascabel component (or even just Alpala) should be 60p+.
In addition, there is significant additional value in Solgold recently (or soon to be) with
i) a pretty sizeable cash injection
ii) an ADDITIONAL ownership of 15% of ENSA
iii) the additional projects / value from acquiring Cornerstone
iv) obviously the additional discoveries and potential for more in the future.
I am strongly opposed to a blanket sale of Solgold IF fair and reasonable value to the above cannot be attributed with any bid.
Also, Cornerstone was worth a sizeable check relatively recently, surely not all of that value was for Solgold so once merger complete, when will that additional value be reflected in the share price.
Even if Cascabel alone is discounted to what was suggested to say 50p / share ... in my mind the additional aspects of Solgold could be worth another 40p (at a wild guess surely) so I think personally I am looking at 90p upwards as a conservative price I am *hoping* for .. Yes, it is hope but when I go back to the graph of a discovery, surely there is only 1 direction this will go over the next 12 months and hopefully many many multiples from here.
Welcome any thoughts
19 cities easing lockdown in China ,slowly returning to normal reported on news
China easing lockdown a bit i see ,get back to manufacturing and buying commodities and explorers lol!!:)
Yep only 75 overs allowed and plenty of batting to come
Bit of a lull here so just to say that England have scored the fastest 500 ever in Test Cricket by miles and the umpires have forced them off for bad light! Would you believe it!
Thanks for your compliment big boy....:)
Take good care of yourself.
More news coming I think before Xmas am getting an order in for my Chinese on Sunday for footy now it's coming home !!!!
Red throwing shade at the validity of someone else's holdings.
That's it. That's the whole joke.