George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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You're the one hopping around this morning Fort. I posted my view and you jumped all over it, yet its you that is rustling feathers.
I'm pleased to see us up on the day.
Calm down, have a coffee, a beer or whatever it is you drink and enjoy what is left of summer.
Fort, the only person who is coming across as having their feathers ruffled is you mate.
Agree with the posts above from Bozi. We need to raise funds to ensure the two bits of arse-saving news Darryl wants to put out actually have a chance of catalyzing the share price.
Quady, I think if we sell off more off the profits from our project we run the risk of BHP/NCM selling up and shopping elsewhere. I imagine that would be pretty catastrophic for our share price.
Fort - I'm not saying you wouldn't buy SOLG stock. I'm saying I wouldn't buy it here.
That's just my own personal opinion. There's no saying just yet if it's right or wrong.
Norges bought the stock before the recent news came to light. I'm sure if you asked their investment team they'd have rued those biggish trades about 40% higher up.
Anyway, I mean no ill will and I'm not looking for an argument. I just wish you'd show some ability to deal with nuance. You were an investment banker after all so you know more than most how all these things work. You just seem unwilling to deviate from the uber pro SOLG standpoint because you hold stock, when the reality is we all do.
"However, the difference between me and you is I post with honesty and objectivity, adjusting my viewpoint as events play out.END"
No you don't booze, you post according to your trades.
Your last negative post was pathetic. You don't know of any reason why someone would want to buy SOLG today?? What kind of statement is that? It dismisses the fact that we are dirt cheap, M&A activity is rising and we are in a current situation which is prime time for bids and offers.
Give up with the honesty rubbish, it's ridiculous. No 'honest' investor would just dismiss the main reason for buying into SOLG like it doesn't exist. You're about as genuine as an EBAY Rolex.
Good God, its playtime again and the boys have got their appendages out and comparing sizes lolzzz.
You couldn't make this BB up Lolzzz
In broad agreement Bozi and I take your point about not using offtake at this stage and would possibly play a part in the construction phase.
But I also see offtake as part of our defence in two areas.
The first being that it makes a bid less likely.
The second is that it shows confidence that Solgold can go it alone, as no payout on any offtake agreement until we are producing.
A small 25m raise, primary bid type exercise, would surely only see us with enough funds to yet again limp our way to next summer….
It would be yet another can kicking exercise that our board have done many times before….
So I expect them to do it again.
I absolutely am a holder of SOLG stock Fortissimo.
However, the difference between me and you is I post with honesty and objectivity, adjusting my viewpoint as events play out.
You however, post false positivity regardless of the situation to try and influence readers of this BB in the hope it might help massage the stock price.
If SOLG can get a fair financing out of the way over the next 6 weeks or so then I've every faith that we'll be back on track.
This has been my overarching point throughout and I can't say any fairer than that.
Correct. I think that's once or twice a year!
Decorum indeed.
And I didn't have to post a load of negative shiite to get that 50k block at a keen price either did I?
Good to see I'm ruffling a few feathers as a few out there seem unhappy with the recent bounce. I wonder why?
Yes Quady. I certainly wouldn't advocate a large raise at this price level. We know the company is chronically undervalued here and a large raise wouldn't be in the best interests of long term retail shareholders.
Personally I'd be happy enough with a similar sized raise to GGPs. About £25m. Something to see us through to next summer.
Importantly, the fund raise should come before the PFS addendum and Porvenir PEA as we don't want those reports to just be pump and dump events. The raise should be done and they should be truer catalysts.
With regards offtakes, I personally think its a bit too early to be forward selling our produce. We need to get to a positive investment decision and only then can we look at offtakes to cover some of our construction costs. We can't be using offtakes now to fund our G&A.
A bid will come well before SOLG get even close to talking loans and streaming deals etc - we know this as NCM and BHP have already said they don't want the asset tapped for funds. So by their own admittance, they are telling you that SOLG will be bought out as there's no alternative at all based on their outlook.
And yes... Bozi... that's the reason why someone would buy SOLG stock. Perhaps ask the likes of Norges or Blackrock why they have been buying into SOLG?
lol
Fort, today 08.58
"I've been buying plenty as have many others but most show some decorum and do not feel the self indulgent nature of posting trading or investing activity on bb's."
Fort, 3 days ago, 10.30
"But I'm delighted to pick up another 50k today. And will do the same on any weakness below 20p for sure. Loving it!"
Fort, 6 days ago, 15.43
"Less than £400k traded today. I could have flipped some stock today and accounted for the entire volume."
Decorum indeed.
Solg won't see a DFS, this lame duck will be bought out way before that.
At least I hope so, if we go down the mixture of equity, loans, bonds and offtake route the PI's will be diluted to death and the SP will be half what it is now.
The BOD don't want to admit defeat and we will all pay the price.
I would imagine the"we" are the ones who don't live to be acused of having a lack of self decorum just for answering a question that was raised this morning
"I'm not really sure why you'd buy here to be honest." END
Another classic from Bozi... an apparent holder of SOLG stock. In fact, Bozi... I'm not sure why you are invested in SOLG any more? Could you let me and others know WHY you are invested in SOLG rather than why others should avoid it??
Unbelievable negativity from you. You're not an investor here that's for sure.
You're welcome!
Good morning Bozi, I for one am hoping if it is an equity raise, then it's a small one, for a small amount of exploring, but to get Cascabel to DFS. Then we can get the funds in place along with the BFS to exploit what we have. This would not primarily be equity, but feel it would be a mixture of equity, loans, bonds and offtake. With the equity part being minimal.
But who knows maybe an offtake agreement to get us to BFS with no equity raise.
"we all know you like at least 50% of the daily posts to be yours"
Who's the 'we' Monte?? But as you made the point, I'll refrain from posting my thoughts for a while then. Didn't know I was 'hogging' the BB but thanks for letting me know.
I'm not really sure why you'd buy here to be honest.
Yes it may be a historic point of support but the circumstances are different now. Capital markets are tight and GGP have shown that they needed to offer a fairly sizeable discount to get their raise away.
With the dynamic of our BoD facing significant change in just over 3 months and a fundraise of some sort required in that time to remain solvent, I genuinely don't see this as 'another test of 20p support'.
In fact, I expect the number of shares on loan to increase with each passing week and if we don't see a financing completed by end of September, we'll 10p won't be out of the question as the vultures start picking at our rotting remains.
Or possibly fortissimo they are just answering Sean's question. Sorry to take up space on the board old chap ,we all know you like at least 50% of the daily posts to be yours.
Ironically, the order book looked weak when the price was at 19.7p/20p levels not long ago. Now the book looks strong with heavy demand piling up in the 21's. Funny old game innit. Won't take much to get back to 26p levels. But it needs some bid rumours or decent catalysts to get past 26p again and maintain that level.
I've been buying plenty as have many others but most show some decorum and do not feel the self indulgent nature of posting trading or investing activity on bb's.. You can tell when the usual types have bought back in or grabbed a trading tranche etc as the negative posts stop lol!
You are right and I am not suggesting we continue with all of the license blocks, but basically having no exploration at the moment is not what I like to see. Many discussions and this board have already been held how we should move forward with the license blocks and hopefully we get some news regarding this in the near future.
I don't need to. It didn't happen