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Far too early to get excited. Still way under fair value in my opinion.
Sorry 8.76...too excited...
I'm bid for 500k at 8.81 and 700k at 9.76
Has been traded in Canada at 9p yesterday and today...and volumes noticeably higher over the two days...
Don't build your hopes up...
At the high of the day...but...
I can hear a The Office quote "That's what she said.."
Sorry addicknt, delete last message, the copy/paste is damn fiddly on my phone!
Looks like somebody "wouldn't want to be out of your wife. over the w/e"...
We canny hold her captain kirk !!! she's gonna blow... as the bishop said to the actress
Looks like somebody "wouldn't want to be out of this stock over the w/e"...
Choooo Choooo!!!
And for the 10+ recommending his post, beware you are recommending inaccurate info.
I'm sorry, I don't wish to pick on redknight, but as usual he is either getting muddled or deliberately misleading; he said:
"To repeat from p235 of the 101 report (independently certified...)
Solgold has 10 Expressions of Interest for funding offtakes exceeding the total production from Cascabel..."
What p235 of the PFS report ACTUALLY says is:
"SolGold has to date received ten qualifying Expressions of Interest (EOI)"
These are from COMMODITY TRADERS.
Solgold say: "Demand for the Cascabel project concentrate from TRADERS was significantly in excess of planned production volumes"
In terms of OFFTAKES, what Solgold say is:
"SolGold has ALSO received material offers of funding in exchange for OFFTAKE from a number of traders. These include the provision of both short-term and longer-term capital with proceeds available for studies, mine construction and cost overruns as well as working capital during ramp-up."
All positive news. But he shouldn't call an apple a pear.
And I'm bid for 500k at 8.61...ABOVE the Bid of 8.59...
Can we hold this and rise from here...?
I've got a lovely warm feeling in my stomach going into the weekend 😉
Have a great one all
8p...did you mean 9p...?
Meanwhile non AT trades accounting for a much higher proprtion of trsdes (36% compared to a typical 15% recently) and volume is well down...only c3 million today...having fallen steadily since 6th March and from almost 10 million yesterday...
That means that from `a volume of shares traded between 8 and 25 million a day AT trades are now down to well under 2 million so far today...
So...are there shenanigans coming to an end, presaging a bid(s) or does the higher proprtional activity by PIs and institutions imply that news is expected soon...?
I think that if we close at or above 9p today (or even well above 8.30), we'll know the answer...
Or will we...
I wouldn't want to be out of this over the weekend, eh Novice...?
9p Incoming.
Buyers will be counting on a Monday RNS Takeover News.
Big gap up from 9p to 10.5p
See if we can break the 8p this afternoon.
GL ALL
Https://www.economies.com/commodities/copper-analysis/copper-price-continues-to-rise-%E2%80%93-forecast-today-%E2%80%93-15-3-2024-107647
https://www.bloomberg.com/news/articles/2024-03-13/copper-hits-7-month-high-chinese-smelters-discuss-capacity-cuts
https://www.bloomberg.com/news/videos/2024-01-23/copper-ready-to-explode-on-fed-cut-ivanhoe-s-friedland-video
https://seekingalpha.com/news/4079939-copper-rallies-to-new-highs-as-supply-tightens-further?mailingid=34695400&messageid=2900&serial=34695400.27343&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=34695400.27343
Does anyone think this is just a sleeping giant
You do that Needy, it would bring much needed tranquility to us "lunatics"
Despite the dollar being sharply up over the last 24 hours, copper is up over 5% in the last 2 days.
Compared to the PFS the value of the metal in the gound has increased as follows:
Copper (PFS 3.80) $9.2 billion to $115 billion
Gold (PFS 1700) $14.6 billion to $67.8 billion and
Silver (PFS 23.00) $200 million to $2.3 billion
Totalling $185 BILLION, which even at a modest 1% of metal in the ground values Cascabel alone at $1.85 BILLION...
Or 48p/share...
To repeat from p235 of the 101 report (independently certified...)
Solgold has 10 Expressions of Interest for funding offtakes exceeding the total production from Cascabel...
Let that sink in...
Mather wanted 100p back in 2018... The goalposts have since been moved and I expect the expectation is 200p +
Now. Bbg is getting emails from a solg board member, and. He's broadcasting it on a public forum board.!!!!!!!!!!!!
Eloro. I rest my case, ref fantasy becoming accepted as the norm.
The lunatics have clearly taken over.
Time for a long rest from the insanity this board has become.
Your final conclusion is correct smickster and any of us can sell at any time.
I know Nick said e few years ago "Asset value, not Market value" and indicated SOLG was worth at least £1.
He seems to have lowered his sights and especially in view of DGR's troubles might accept 59p
Indeed it is not unusual for the SP to go above the first or any offer, based on speculation, and Bob Sangha has previous....
In May 2021 Noront shares were 21 cents. Wyloo bid 31.5c (all prices in CDN)
In July BHP bid 55c/share
By October Wyloo had 37% of the shares and made an all c ash bid of 70c
Which the Noront Board accepted.
Not to be outdone, BHP countered immediately at 75c
In December Wyloo made a knockout bid of 110c/share...double what the Noront Board had originally agreed and 250% above Wyloo's first bid.
Sangha was advisor to Wyloo, owned by Andrew Forrest...
Andrew Forrest also owns Fortescue Metals...