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You forget to mention opportunity cost of funds tied up in SOLG. If you had all or a majority of your funds tied up in SOLG you would be underperforming market by quite a bit over last few years. So much potential. I hope the new CEO and the foresight to actually do a farm out sets SOLG in the right direction.
It appears that all you have to do to get loads of recommendations today is **** solgold off. If that's how you are all feeling and convinced it's at it best price the do me a favour and practice what you are preaching and sell up and invest in GME or AMC or dogecoin and see how you do!!!! This has plenty to go IMHO and certainly won't be selling up till the fat bloke has sung ; o )
I said GGP was overvalued at 37p and was proven right. It might not go sub 20p, but lets face it... if I told you it was going to test 22p when the price was 37p you would have laughed into your cornflakes. A few weeks later, you're crying into your muesli. That's the risk you take these days in a market that is divorced from reality not once but about 3 times over.
hi FTJNY you make a very valid point; Mather seems to have been almost written off by many posters and obviously from April he will be sitting in a back seat - but his huge shareholding and (one assumes) continued significant contacts/influence in Ecuador, will likely ensure that he'll still be able to lean forwards and do a bit of backseat driving every now and then ?? As long as someone else has their foot on the accelerator and pushes it further into the carpet, then Mather's soon-to-be backseat roll is a positive rather than a negative in my book, as long as he sees fit to hold his shares :)
You can bet on one thing , Nick with 90m personal Solg shares plus maybe another 200m controlled by his companies will NOT want Solg to be sold on the cheap and maybe now more than ever he has a vested personal interest in ensuring the share price is much higher than it is currently IMHO.
wouldn't want to be out of this??? I'm starting to wish I wasn't in this.....
but the FOMO kept me from selling, and still does. I considered 60p as a realistic exit point when i started to buy over 3 years ago. I never believed any of the cheerleaders shouting £1-£1.50 even £2, but 60p seemed a real possibility.
back then I was hoping the MRE2 would create an uplift to get us there.... then hoping the PEA would create an uplift, then drilling permits, then Porvenir, then PFS..... etc etc etc etc... but it never does ...
now of the view, I may sell the lot when/if we ever get back to close to 45p... so disappointing. but im gritting my teeth and putting up with the pain until then... please just do a JV, put us all out of our misery..
RICH3r/Bozi - In response to your concerns about my loyalty to this stock.....I have never waivered since I joined in 1734, I believe. This 'find' and future associated and related finds that Solg will probably uncover in Ecuador...has the makings of a once in a lifetime discovery (provided the geopolitical will remains in favour of course). Those who joined at or close to those early days and who stay the distance will become very very wealthy individuals, of that I have no doubt. I have never ever had any doubt about the endgame (production @ Alpala). What has changed for me, is that I feel that NM lost his way - got distracted - thought he knew better. The Cadastre/tenements have become too cumbersome for someone of his stature. He's built an army of workers (700+) and yet we haven't dug one 'sod' of soil, he's "diversified" his financial portfolio (accepting interests from all avenues), so that there are now too many 'interested parties' in the frame. He's drilling left right and centre (when the hub of his activities - Alpala gets sidelined). And to cap it all.....the silly sod goes and gets himself voluntarily sacked! For well before covid - months and months before...this stock was treading water. It was borderline festering. Last year (Oct) there was a glimmer of hope when we 'rose from the ashes' and hit 40+ a figure previously reached in may of 2018 FFS! And to support this, there was a flurry of news/podcasts/webinars from Nm which stimulated "volume".....markets like volume....... Now we are back to festering again with little or nothing on the horizon...except a glimmer of hope in some posts that there could be a takeover/JV imminent.....yeah, right....Zzzzzzzz.
So - as much as I had wished to see the end game (which has been pushed back again to 2027 now), I need to get out and with a little skin in the game if possible. There is much more going on at a more exciting pace. Feck knows why I hang in there.....probably just to wind Novochoc up! Probably 'cos I genuinely believe this is such a unique find and I want to be there when the champagne flows! But at the end of the day...time IS more valuable than money for me....and the clock is ticking. So I will continue to promote Solg (because it is a great find) and I will continue to plan to leave this paint manufacturer as soon as I see an escape route. GL to the faithful - you will be rewarded handsomely. Z
Here is a direct quote from the DGR website on Nick's 'retirement for personal reasons'...
"After his retirement as CEO, Mr Mather intends to remain on the Board as Non-Executive Director, and will continue to support SolGold’s ongoing exploration focus in Ecuador, independent financing and strategic corporate initiatives. During Mr Mather’s tenure, SolGold has been on a similar trajectory to several previous corporate successes of Mr Mather’s. In addition to the world class Alpala Project, SolGold has established a broad tenement portfolio in Ecuador potentially capable of delivering multiple world class copper and / or gold discoveries, as demonstrated by the initial drilling results from the Porvenir Project."
I think someone will make a bid soon. The trouble is, as the Italian said, we could have sold it 3 years ago probably for more money. If that proves to be the case, it will be down to mistakes from the board as redknight pointed out. At that stage, we wont be able to help you anymore. But you will always have the boards reassurances ringing in your ears to keep you going. All the best. Ps you never had any money with Bernie Madoff did you?
The RNS which advised that NM was stepping down did not mention the Apala committee. I assume from this that Nick will remain on the Apala committee moving forward - I will try and get an answer from the company