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To be clear, I'm not saying copper will be very much needed in the future.
Green energy ? The rhetoric coming out of Downing st has changed in the last fortnight.
Fossil fuels seem the order of the day for the forseeable future.
addicknt, who needs one when - in the words of the orcale earlier - "the finance will take care of itself".
Yes it’s a sad state we are in, but it has to get better as Europe are going to boost green energy.
Little Britain is going to invest in much more green energy and quickly
Whatever happens to the sp as it is now, does not detract for the serious need for copper now and in the future for many decades and more, we all know electricity is the way forward, so it’s squeeze your bum together and hold tight, it’s needed end of
Atb
Q, not 'almost immediately', it was the same day. But I agree, they'd made up their minds some time before they gave the heave-ho.
Bear in mind this new bloke is interim only and I very much doubt he'd have had any influence whatsoever on the fund raise, which had failed before he was appointed. It remains to be seen how quickly we find a new permanent CFO - bearing in mind it took just over three millennia to get the last one. Mind you, I suppose it's possible we won't need one.
It's easy to quote the old "buy when there's blood on the street" maxim when it isn't happening... but when it is happening, and - as we say in Scotland - your arse is making buttons, it's very much more difficult to commit isn't it?
The fact that there's carnage everywhere is in a way good news for us - because our drop is part of a bigger process but still on very small daily volumes.
When sanity returns - as it did even after those silly darkest days of Covid - we will bounce back.
When there is blood on the streets, it can be terrifying, but looking back at past bloodbaths, they were always a missed opportunity. But when headless chicken syndrome strikes, it just has to play itself out until the big boys calmly swoop in and snap all the bargains.
Agree SeanH. Really poor take that from Quady.
For someone who always believes everything the company says Quady, that's a bit cloak and dagger for you....
Food for thought.
Our CFO going was not a surprise for Solgold.
They knew it was happening and had someone step into her shoes immediately.
So maybe she was second choice and the person they wanted become available. Would explain why the fund raise never took place as the new person stopped it.
As we can do better.
Just a thought I have been fermenting.
After all as addicknt said she was replaced almost immediately.
Yep, unfortunately to be a good rider of a super bike you have to first fall off it to learn to respect the bike, and same applies to share dealing...
to put things in perspective.
In 1987 I was working in the City and was at my desk as Black Monday unfolded. As the market collapsed by 22% one of the clients of the bank I was working for faced margin calls on the vast majority of his portfolio and in the process lost close to £150m.
He was a very well known figure and never recovered from this disaster.
You are dead right DBW and, apart from participating in the previous fundraise, NO director has put their hands in their pockets to buy shares for at least 10 years.
Nick HAS and has maintained, significant 'skin in the game' despite personally losing £25m on paper in a matter of months.
I don't like Nick but right now he is our best hope.
Since when does 25% of the shareholders saying no decide Solgold strategy...
Unless its BHP and NCM
And why would they say no to a rights issue whan that was what they wanted when the cashbox was done and the FNV deal...
Would Blackrock, Norges, or even us have said no?
The Board ultimately makes big decisions like this. Something must have happened for Ingo and Ayten to leave...and it coincided with what we know to have been a failed cashbox...assuming a royalty deal was a non starter that leaves only small placings or a rights issue.
So what you're saying Colonel is that a company based in Brisbane (cvonvenient) with a MCap of £112bn (down only 1% today BTW) wouldn't be prepared to accept 2% dilution for a resource that they only have to spend $2.7bn on (if that...) to generate $1.5bn cashflows in year 5...
I'd take that...
As to Turquoise Hill it is completely different...
Its in the Gobi desert, miles from anywhere though conveniently close to the Chinese border.
It was originally the brainchild of Robert Friedland, who created and floated Ivanhoe Mines to develop Oyu Tolgui.
(Someone on here pointed to 'The Big Score' which I have read)
RIO only has a majority stake as Ivanhoe has refused to sell the rest.
It took literally years to negotiate agreements with the Mongolian government ending with them taking a 34% stake to allow it to move forward.
I was originally invested in Kincora Copper that was an early mover in Mongolia but gave up because developing resources there will be astonishingly expensive in a wild, environment and climate.
I personally believe it will be years before the mine is opened, if at all.
For starters, how do you get a team of block cavers to Mongolia...
Anyhow there is no comparison between Oyu Tolgui and Cascabel. For all that this is block caving, SOLG have decided on a rational approach which is not entirely dissimilar to what Fresnillo have done at Juanicipio (you should look at the pictures...)
Meanwhile, Porvenir is a fraction of the size of Cascabel but you know my opinion that the smart move would be to IPO Green Rock Resources and then sail into a sunset that fulfils Quady's dream...
But that is unlikely to happen because it would trigger at least one of the prospective buyers of Solgold who are currently playing a giant game of chicken...
AIMO as usual...
Sorry medi was playing golf.
I agree.
Well done big Ray....
Now you talking ....:)
As the really big guru said, be brave when others fears...
Not too difficult to be brave here at these prices....IMHO.
GOOD LUCK.
I'll take 20k worth under 15p
Lumphammer,
Yep everything gone down really, still we all know copper is one of the major minerals required to get everything going in the right direction, let’s hope the BOD have something massive up the sleeve.
Atb
Sp to silly for words really, I just keep buying small roughly £1000 every so often, let’s see how low this will go
Atb
Wall to wall red in my watch list. It's not solg the only one down. Carnage everywhere you look.
Bubble, I think we need some Miss Go Lightly Sprinkles, Stat! LOL
Tide has to turn, there must be Good News ahead! After all, we are a proven Tier One discovery. Just need some cash!!!!
Actually a lot more than that!
62,599 for moi
Instead we dip into the 15P zone........
Yep think it was NCM..very exciting time..I was having a clear out the other day and getting rid of all my old share certificates and was amazed at how many times i traded solg shares the lowest buy being 1.18p lol
You will be saying that at 10p Bubble lol...