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Tesla, he will be right when SOLG starts producing copper and gold from its mine at Alpala. Until then, as Monte rightly pointed out the other day, he (and those who are claiming the company will be bought out) are neither right nor wrong.
I find it staggering that anyone believes this company will exist in 7 years time. We have only just about managed to scrape through 2022. We have no CEO, we haven't had a proper CFO in role for more than 6 weeks for years, and we have a load of people on the board who want the company sold.
Welcome back Starbright.
Where have you been?
Z
could be. but if he was on the dark on the decision, it means something big/ugly was the reason for the decision.
He has been more right than the rampers who have been saying this will get taken out for 3 years……and still saying the same BS.
Most recently spouting it will all be in place before the general meeting……
It’s strange how the rampers on here are convinced that the company will be taken out yet no one in the markets seem to agree with that judging by the sp action, however we have one ramper, very deluded, who is adamant there is a big buyer in the background.
When that happens the sp rises, not drops……
I am firmly Bid for 1,000,000 shares, yes 1 MILLION at only a smidge below the market price.
There is one HUNGRY buyer out there...
Is this thing about to take off...?
It was obviously unexpected …. I’d say everything (well quite a lot) now hinges on the completion of the merger ….. once complete the register will look much more stable and harder to disrupt
He did a 'business as usual' post only a couple of days before being fired...can't have seen it coming...
That’s actually hilarious. He’s jumped on Google trying to pass something off as if he knew then been caught out for posting about the wrong kind of pme
Right Q one last question….. if this gets taken out lock stock will you have been completely wrong?
If we’d have taken this to production I’d have been wrong …. And very disappointed
my IQ is average Red. Where is the puzzle?
Sure.
So heres a puzzle...
A week ago he congratulated 'Steve' on his presentation to IMARC
"Good presentation Steve on how SoGold can help enable Ecuador to be the next Copper frontier when the World needs copper the most."
And a couple of days later...at most...he was gone...must have been sudden...
Wrong SharketMare I have always maintained the most likely outcome and reviewed the situation along the years.
Yes I have said in the past we could go it alone. So have the company.
With the CGP situation we seem to be modifying our position and the most likely outcome is JV to production.
What bit of that do you find difficult to understand.
Quady, no you haven't. You have maintained that SOLG will go it alone, find the requisite financing and build a mine at Alpala. That, by your own admission, is now not the plan, and you therefore called it wrong.
Let's see what the outcome of the strategic review brings.
I am aware of that starbright I was just explaining the terms.
PME in the context of Solgold = Price Monitoring Extension. A process instigated by the exchange when a periodic auction doesn’t deliver a clearing price. Relevant to UT prices.
PME in your linked article = Public Market Equivalent. A valuation metric/methodology sometimes adopted for privately held companies. Nothing to do with UT prices!
Two completely different topics….
Sorry SharketMare your post is ridiculous. I have for nine years constantly called this right.
Every time someone has said this will be bid for and a bid was imminent, I have looked at the situation and concluded extremely unlikely.
So I have constantly called this right.
I really don't understand how you have the cheek to pretend I said anything else.
I think it's time to check your thinking and nuance what I have said.
I have always maintained the most likely outcome, and I have nuanced that as we have proceeded towards production.
I accept fully things have changed. The biggest one being the CGP story. But guess what we are now talking about a JV to guess what. Take Alpala to production.
No one has suggested selling Alpala or Porvenir, but we have suggested selling other tenements.
So that rubbishes the argument that we wouldn't advertise a sale, as that is exactly what we have done for other tenements.
I think it's time you tried to work out how I have called this correctly and you haven't.
To pretend anything else is deluded.
Morning Sharket
For years he insisted we had all the tools in our locker to take this to production. That is the only outcome we know for sure isn’t happening.
Ok Q now concedes a JV is a distinct possibility which I guess is progress of sorts. My view is a clean takeout of the whole shooting match, I don’t claim to know who when or why but it’s clear all the pieces are being put in place .
Less staff, less exploration, Ensa conundrum being sorted. Hopefully once merger is complete things will gather pace.
to eke out a bid*
"This is what has enabled me to constantly understand the Solgold story and call this correct up to now."
Sorry Quady, but this is utter nonsense. You have called it totally wrong up until now, because you believed that SOLG was planning to build a mine at Alpala. We now know that the company never planned on doing this and was bluffing, as per Bob Sangha's statement in the mining.com piece.
You repeatedly ridiculed posters, myself included, for investing in a company whose statements on strategy and the way forward we didn't believe to be true - or knew to be part of a strategy to eke. You said that people shouldn't invest in companies they don't believe to be telling the truth. Now that we know that SOLG was bluffing the market and never had any plans to build a mine at Alpala by itself, are you not asking yourself why you are invested here, given the company has sold you a pack of lies for the last 2 years and you've bought them, hook, line and sinker?
Honestly, I respect you - for the first time - holding your hands up and admitting you called it wrong as you didn't see a JV coming. But there is still a distinct possibility that we don't look for a JV at Cascabel and instead we either sell ENSA or the whole company is taken out. So the jury remains out - please drop the "I've called it right the whole time" schtick, because no one believes it and it's patently untrue.
Cheers Copperpot!!!
No probs Quady.
Thank you Copperpot, I am aware of UPL but not currently on my watch list.
I will take a look.
More importantly, Lasso is the Biden's man (of choice) so there's no way the Chinese are going to get a mine the sizeof Alpala. Now way at all. But they might get the multi-million pipeline, infrastructure and other associated costs like their usual skill set such as roads, bridges and water works etc. The town Musk would have been smarter spending his $40bln on copper mining starting with SOLG rather than some pointless soon to be replaced by something else pointless Twitter malarky.
I know this is the Solg board....but check out UPL for those interested in oil and gas. I've been in for around 4 yrs, things are warming up. This is not a recommendation, but just giving the likes of Mr Bubble and a few others the nod. It's not aim listed...it's main market.
I've never recommended a stock before, but this has unbelievable potential. The beast awakens lol.
Just a bit of information for those that are interested.
I suspect the majority on here knows what an uncrossing trade is, but reading this forum makes you want to bang your head on the desk, when you read how some people see these trades
However I have not seen PME's discussed much.
So like IRR this is just another metric used to determine viability.
Not the whole picture, but if interested read the link below.
https://pitchbook.com/blog/what-is-the-difference-between-irr-and-pme