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Wouldn't surprise me if this went into the 17's by end of the week, Clearly majority of II happy to wait on the side lines for a few years. II playing a blinder here by squeezing shares out of nervous PI's who need the cash following summer hols or the impending rises for cost of living...
Hold tight if you can, only one way this will eventually end.
ONWARDS & UPWARDS !!!
Sorry that 19.5...not 20.5...MMs arent a charity...half asleep when I posted...
Quady, anyone can check my posts- ever since the failed fundraise and that disasterous RNS I have been predicting we will settle at 19p.
A look at p16 here will highlight how far off our timetable we have slipped..
http://www.solgold.com.au/wp-content/uploads/2020/01/SolGold_Corporate_PPT_2020-Jan-22_FINAL.pdf
Understand eish , I just think a lot of the things I briefly outlined are going to take time.
You may be pleased as we get to November, December where one or two come to fruition.
I am thinking of fund raise for continued drilling program and as we near the PEA for Porvenir.
All the best.
Solg say DFS targeted for H2 2023.. so we could realistically expect around mid 24… that’s a lot of funding.
It's a good time for swapping around stock and bit of smart isa thinking... assuming you have confidence the sp will be higher. Book the losses and buy in low on the isa.
Good morning Quady, I and many others disagree that there has been "Lots of communication" from the company.
You state this string of facts so nicely, even I have given you a tick!
But good communication is also about re-iterating good news, reflecting etc...
I remain disappointed until I see some action. That entails a many things!
Bought anotherc300k plus at c20.5 average...come on BHP...,!
Tesla I have been an oil and gas man for decades. I sold Rockhopper at around 3 pounds a share.
Rockhopper are nothing like Solgold.
When realistically could a DFS be completed ?
Good to see you being ticked up quady as you've been right more than most on the board thus far.
Keep up the good work.
Have it all…..only if you believe the daily tripe posted on here.
All they have is a large find and no way of producing it….very similar to rockhopper 10 years ago.
Add into the mix an unstable world, rising interest rates, a Russian intent on changing the world order, the licences in an unstable country…..what could possibly go wrong……..
The level of ramping on here is beyond delusional……..
450m for a company about to run out of cash and a major shareholder happy to see that happen and you all seem surprised…..
Good morning eish.
We have had lots of communication.
We know a PEA is being prepared for Porvenir.
We know we are getting an updated PFS with more resource for Alpala.
We know we are heading towards a DFS for Alpala.
We know we are conserving cash by cutting back on drilling.
We know we are looking for partners for other tenements.
We know Alpala is taking center stage.
We know we are looking at preparing the DFS.
We know that after the DFS that different funding options open up for us to construct Alpala with minimal dilution.
We know we are going to production.
How do we know all this ?
Because the company has communicated at every stage, they have kept us fully updated.
orthern, they didn't wait, they tried and failed to raise funds and this explains the current malaise. They'll be back!
Fort - SOLG aren't FTSE listed.
We're main market but in the event we grew organically to make one of the indexes we still wouldn't be added as we don't have a premium listing.
‘US$26m as at 30 June 2022‘ They must be getting close to the bottom of he barrel by now..
I would love the board to clearly explain why they have waited for the price to drop so far, before seeking funding. When they knew we would need funding later in the year while we were sat mid 30s….
Yip, Fortissimo. "a fine working machine". Sarcasm to the nth degree! !I am fuming that the BOD have not defended the share price more robustly to date. Some basic communication would be the least to expect. Heck we have it all and we cannot seem to DO something (positive) with our assets!
Sorry bubble as pointed out by addicknt I conveyed the wrong meaning.
I meant to say, how can you say that the company hasn't kept you informed.
It has informed us at every stage of its operations.
We all know the direction of the company and it's aims.
It took just 400k of stock this morning (or £80k cash) to drop SOLG's market cap by £22m.
A fine working machine. Can understand it on AIM but this is FTSE listed.
Be good to see the summer drift weeks out of the way and market should be back to normal next week... one hopes.
Darryl.... 'we have plenty of time'.... ermmm.. you have about 90 days or so to AGM. You personally are on borrowed time as are many others.
I didn't quady where did you get that from ?,go back to sleep!!:)
Thank you addicknt I did mean the polar opposite, I reread and sometimes it still looks okay to me. Luckily doesn't happen to often these days. But a bigger problem in my youth.
Q, I'm not sure you meant your comment of 08:22. In fact, I think you meant the polar opposite.
I took a little loss here @ 22.90 but I'm greatful I followed my gut.
Gla
Bubble how can you say that the BOD has kept you fully informed fully about the direction of the company.