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Fortissimo spot on there
The reality is, SOLG will most certainly be back at 35p again but will all those pi's that have that echo voice in their had saying "I should have sold at 35p as knew it would go back to good old SOLG 25p levels"... be selling at 35p next time? I doubt it because all also have the FOMO voice in their heads which says "typical... I sell out and then BHP come in and offer opening bid at 65p... grrrrr... I got to live with that one".
At end of the day, you are invest here based on the likely bid event from a major. That's it. It's that simple. And support for that theory is built from the fact that Tier 1 assets rarely end up in a minnows hands and 99.9% of the time are taken on by super majors. The market is a right mess out there right now. All over the shop. Oil up and down by $10 a barrel. FTSE up and down by 3%. It's a lightly traded summer trend... lower liquidity equals more volatility.
If I were bhp, I would bid in the summer when most are not looking and hope by Autumn the deals done. When did the Noront bid come in?
https://www.cbc.ca/news/canada/thunder-bay/thunder-bay-noront-takeover-1.6119043
All part of the game Sean, I've taken my kick in the nuts too... anyway appreciate the honesty.
All the best.
Quady it was either late 2015 or early 2016 when there was a rapid rise from about 9p to 19p and Solg was the talk of these message boards. I think my first buy was 27p probs sold at 30p and got more involved after that. Have been to 40p and back 4 times in my tenure. To be fair, for all my gripes, I have made a handsome profit trading this one since then... but it took an emotional jump to trade and not loyally hold . I have a long term sum in here for the end game but its tiny compared to yours and others. I do complain, I know, but apart from Lloyd's which I have been trading for 12 years, SOLG has actually bagged me a small fortune and has been my best share. And I've been involved with a few stinkers I can tell you. QPP, SULA, AFPO... the worst of the worst, whereas Solg is fairly reliable in the 19p to 37p range and has a copper bottomed net asset value. So yes, I'm sorry for the downbeat posts, but I was loudly convinced a bid was incoming this time, and clearly I was just as loudly wrong and a bit of a fool. We are stuck with a BoD who ain't taking us anywhere nice, so if you want to tell.me to put up.or shut up, to sell and move on, you are entitled to. I'm more mad at myself than anything else.
Sean. I hope the topic “boom” isn’t linked to the fact that you might have a gun in the house also!!
Cheer up mate , we’re getting a new prime minister!
This is what will happen: Solg will spike to 35p again this summer, you and I will sell out of frustration and a week later they’ll sell for 88p!
You know what they say: if you couldn’t take a joke you shouldn’t have joined!
Best
Z
"Most on the BB were happy with exception to those that were saying it was going to 25p"
I suppose you're referring to myself, apparently I add nothing...
:/
Sean,
When the stock moved up toward 36p a few weeks back, Blackrock were buying back their short. Norges were adding to their holdings and have been building a stake close to 4% now. Most on the BB were happy with exception to those that were saying it was going to 25p when it actually did the opposite and put on a 10p rise. All was dandy then. Then we have the drift back down to 25p levels and you sound like you've sold out be it in shares or in mind. At 35p you were not going to sell but felt ready and sure we were going to 70p+ or 80p+ on offers or a bid. Didn't we all. But at 25p, you feel nothing will happen now. You see where I'm going with this? It's called sentiment and it turns in seconds. But just remember, all that was in place at 35p levels is still in place. Nothing has changed. A bid will come because the asset and folio is too delicious for the majors to ignore. And.... SOLG needs cash to run... so a deal of some sort is being worked on as we know Mather and co do not want to do equity raises over $40m. Boliden might be involved and that could trigger your desired big phase. If you are in this for the bid and 80p+ offer then does it matter if it's 25p today or 40p tomorrow? Answer is simple. No. It matters for the traders not the investors. I think Norges will take this back to the 30's if or when they recommence their buying. And for the record, I also think Blackrock bought back their short (or called back their loan) simply so they could rinse and repeat the process and have been selling down again to drive the price lower. I bet we get TR1 soon saying blackrock have gone below 5% again. Games and games by them and it's doing it's job well based on the way your feeling.
The truth of the matter is I doubt you're alone Sean, with the amount of personal attacks on this board clearly suggests that. This is the only board I've ever come cross where you have a poster hell bent on bringing the board down where he's clearly invested due to Frustration.
Seanhunter what year did you invest in Solgold.
Most honest post I've read on here, well said.
It's hard and I guess my disappointment shows in my irritability with other posters - I just don't think there's going to be a corporate event in July or August, the execs are off on holiday now, and who knows maybe a bid was being sent to the printer when the unrest in Ecuador broke out and it was put straight in the bin.
Solg was 25p five years ago. Inflation is running at 11% in the UK. The BoD are offering nothing other than better opportunities and protections for their snouts to get more firmly and more deeply into the trough for the next 2 decades. In September I expect them to start printing the first batch of 4 billion new shares.
Ours is not to reason why, ours is just to die and die, don't you know what stage we are at Sean on the "curve", don't you know anything about junior miners? I didn't invest in a mine, I never would. I invested in an asset I hoped would get sold. I never expected to be arguing with other investors intent on defending the greed and self serving nature of those who now see a lifetime of cushy jobs and security ahead of them. We are heading into a financing death spiral but strangely we, the poor bloody infantry yet again, are the only ones really paying for it.
As Johnny Rotten once said: "You ever get the feeling you've been cheated?"
Most other companies are constantly giving drill updates and other tidbits - it is silent times here at SoldGold as we drift on down
Almost a boom only dropping this much in a day
What exactly do you offer?
While I was growing up a wise old sage told me be suspicious of anyone who is answering a question you hadn't asked. (ref LSE rules).
You do seem to me to have to clock up X daily posts about SFA, with exceedingly little point to them. Just maybe, NO it is time to have rest (two week holiday), you have scared off many posters with your piffle, who used to contribute. I really don't mind if you get me banned as I can ascertain who I want to listen to, but you are the pits.
Top 20
Weve slipped quite a bit then
Thanks for that article , DBW . If nothing else it breaks up the kids' chatter on this board . I'll tick it up for that alone :)
Decent mention for Solgold
https://www.elcomercio.com/actualidad/ecuador/intercambio-comercial-australia-ecuador-crece.html
“The majority of Australian investments in Ecuador belong to the mining and floricultural sectors. For example, the Australian company SolGold is in charge of the Cascabel gold and copper project in Imbabura.
In November, the Australian signed an investment commitment of USD 430 million until 2031.
In April of this year, SolGold already presented the Prefeasibility Study of the Alpala deposit, Cascabel concession, a deposit that houses 9.9 tons of copper, 21.7 million ounces of gold and 92.2 million ounces of silver.
These figures confirm the potential and global reach of the Cascabel project, which is expected to become one of the top 20 copper and gold mines in South America.“
Let's have a bounce to £1
I might sell some n get a holiday
But will not sell any for less
Well done MR, 25p you said and 25p we have. Nuffield said
TS
narcissism and gaslighting.
If it was untrue then I would agree with you.
People just post nonsense without doing any research bit like you..
How pathetic can you get?
You’ve lost all senses answering fools who talk absolute rubbish, nothing decent to say then say nothing
Hi Everlong, yes all good here thanks mate.......apart from the weather ;-)