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Bozi's approach to his investment here is better than just clinging to a hopium-fuelled belief that this will get taken over by a major for a huge premium "because that's what happens to tier 1s"
Considering the risks and the potential downsides instead of only looking at upsides and closing your eyes to negative outcomes is something we should all be doing regularly. It doesn't mean someone isn't invested or has an agenda.
Quite, SharketMare.
Perish the frigging thought.
CD, let me get this straight:
Blackrock buy more shares: follow the big boys
Blackrock sell some shares: they're working for BHP to keep the price in check
This topic has been done to death on this board. Reading anything into Blackrock falling above and below the 5% threshold is a waste of time.
Bozi, as I thought... you see no merits out of Blackrock or Norges adding. I wonder what you'd have to say if Blackrock were reducing?? Perish the thought.
For the record, Blackrock's 5.52% holding is as at 30 June 2022...
*is not based on whether the company is getting taken or over or not.
Nothing in particular Fortissimo. I'm pretty sure when they buy or sell any SOLG stock or open/close any instruments that their whole rationale is based on whether the stock. Is getting taken over or not.
If they're increasing its because some of their fund managers think we're cheap relative to the market and the business meets their fund objectives.
They don't get it right all the time though, so I don't base my decisions on Blackrock's moves.
Bozi, don't worry about ramps or deramps, bb's are full of bullish posters and bearish ones.
What do you think of Blackrock adding? Do you think they share your concerns over risks or your general negativity on SOLG?
I agree Sean, was tempted to buy in earlier for a trade but can see it going lower.
I'll never pick you up on verifiable facts Fortissimo.
Unsubstantiated ramps however... ;-)
That didn't last long
Agred. We aregoing nowhere fast. The daily fluctuations as we head back towards the dreaded 19p level are so tight you can't even trade this at the moment.
Blue finish???....
Hopefully.
Blackrock and Norges Holdings correct as of June 30th. So they may have added more in July although for balance... (before I get Bozi'ed) they may have reduced too.
But clearly a good sign to see Blackrock adding stock and Norges near 4% especially after the Ecuador wobbles which happened in June and ended in June.
For the avoidance of doubt, this is an exact transcript of what Nick said at his DGR Noosa presentation...
"the model we've been following successfully for some years is to create companies around very very large resource projects and then ultimately majors seem to take them over and thats certainly the plan in respect of Solgold..."
So the literal implication is:
"to create companies...and then majors seem to take them over and thats certainly the plan with Solgold..."
Surely...if he's gone in December (and surely thats a racing certainty), he needs to make his and DGR's pile before then because the norm is for a leaving Director to be required to sell all his personal shares and after he leaves the Board he cannot exert anywhere near the same influence because he would no longer be privy to 'inside information'...
I thought that wasn’t just Mather …. Or is that a crossover
Samuel Holdings we’re at 4% ?
The presence of these two should give us a great deal of comfort - they ain't about to give it away.
According to that presentation Blackrock added 0.21% to their 5.31% holding.
Very Interesting especially as they would have known an equity raise was in discussion.
Follow the big boys! Norges at 3.95%.
Bozi, my point is that Bhp aren't invincible.
There's a lot more in that than in the D&D presentation...
However it still assumes a $3.60 base case copper price (currently $3.51) and an 'uplifted' price of $4.20...somebody must have had a very wet finger to come up with that number.
What we really need is a risk evaluation of all the scenarios including copper and gold price variances' effect on NPV...
The revised GANTT chart now shows construction starting between Q4 2024 and Q4 2025, with first production in Q3 2029!!!!
This keeps getting pushed back!
The Chart is headed 'Clear path to production' but every time it gets published the deadlines seem to slip...
Finally there is next to nothing on the regional projects but this statement is still there:
"Focusedonanumberofhighprioritytargetswith extensive and systematic exploration field programmes underway ranking priority drill targets"
Really...? $30k spent in the three months to Dec31 and $399k to 31 March 2022...
Thanks mog. Production to start in Q3 2029, as per slide 26. And that's SOLG's own timeline, so add 5 years minimum.
Thats a very good point Lunch.
I'm pretty resigned to a bid on Cascabel coming when it does. There's little we can do. Of course trashing the PFS and being incompetent doesn't help.
What irks me is we have been sold this
https://www.inverterdrivesystems.com/harmonic-distortion/
A series of projects coming on stream to keep interest live in the company.
What's being delivered is very, very different.