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What's wrong with Google share prices, everything seems to be flatlining and Yahoo Finance seems to have no updates post Friday close.
Yes, Bubble. A series of news. First, that Gold has reached it's bottom and that a forward looking market can see that further FED interest rate rises will be toxic. That the USD has peaked. That China's economy is getting back into gear so that price of copper improves. The war in Ukraine comes to an end with Ukraine the winner and putin disappears mysteriously!
But, most of all: what is the Grand Plan here at Solgold? What is happening behind the scenes? How ill it implicate us small investors/PI's? Will we back to 40 or maybe 50p soon? What finance deal will Solgold go for as they will need cash in the bank soon?
Anyone for a bit of news this week??:):)
We have no rev so market knows we have to raise money. That's a given. But at the moment the market is assuming that comes from an equity raise. In past times that's around $40m which in context is a minor raise and really shouldn't be the single most directing force on the share price. But there's a strong chance this time that more cash is required. Like the $100m via Franco, if similar funds come from Boliden or another then we know that upsets BHP and NCM but pleases just about every other shareholder as dilution is not something that we want too much of and on $100m the dilution becomes more significant.
There's been some little news pieces with hints of deals being done and recently talk of Warintza and Lundin or Solaris etc.
In my opinion if BHP and NCM don't want another royalty deal then 'they' should approach SOLG and offer to raise the $40m or $100m but at 35p or 45p levels. At those levels it becomes less dilutive. I think most would be fine with a 36p capital raise of $100m. That would see the sp bounce back fast. I wonder whether that was brewing when Blackrock were in a hurry to buy back that 1% that they seem to be playing around with for last few months (my assumption!).
It's all going to be unveiled soon and the new appointments suggest that those new signings know that funding is not an issue with some actively being employed to help back ink it all. Buy the dips as fruit bat used to say. Are you back in yet fruit bat?
BHP /Rio etc up overnight in Aus
Hopefully some stability coming to the sector and we can stop the rot here too.
As I keep saying we haven’t raised any money here (we all know we’ll need it to continue exploration programs) and no meaningful regional results for months …. All points to a deal of sorts (anyone’s guess) going on in the background….
Smickster yep totally agree with you there
I still think the biggest issue here for Mather is that he feels SOLG are worth considerably more than just ENSA/Alpala. Whether he's right or not is anyones guess but I think he wants the chance to explore some more licence blocks with Rio likely high on the list. So put yourself in Mather's shoes... any deal that see's SOLG continue to explore the rest of folios a good deal for him. It might end up a bad deal for all if the drills bit delivers nothing but average assays and cash pile shrinks. Ophir energy is a prime example of a business that did really well by selling a minor 20% in a Tanzanian O&G discovery for $1.3bln! They then went on to spend all of that $1.3bln on duster after duster after duster. Unbelievable! So one scenario here is that SOLG IPO ENSA and get a wedge of cash plus retain a small stake. Then go on a huge exploration phase which either delivers or fails. It's a bit like winning at the casino and then pouring it all back in and losing majority of it. Of course the bullish scenario is Mather and team end up delivering the much promised 'handful' of Tier 1 assets. I think the worst case scenario for Mather is a complete buyout of SOLG for a price that barely even covers ENSA's true worth or potential. Rest of the folio effectively goes for free. One way he and the SOLG team can move to try and fight off that scenario is to start doing JV deals on Greenock and other licence blocks and then at the very least it's harder to take SOLG out based on ENSA value alone.
Here's one to ponder... lets say BHP offer XX for ENSA and price agreed but SOLG set up a spin off company and chuck all other blocks into that and then IPO that in some form. Would you invest in that or walk away? I guess that's the real issue here... many want exploration but like the fact we are under pinned by ENSA value. But how confident are you of SOLG funding another tier 1 asset? Would you invest lock stock and barrel into say... 20 or 30 drills on RIO?
In summary.... I think there's a chance that if BHP and NCM play it right they can get a deal that suits all. A deal that leaves SOLG to continue as the explorer which after all was the whole point of the business in format place. Something cooking for sure as all involved seem very quiet. Even the media. No leak stories at present. Mmm!
I'd say a move in next 6 weeks.
General markets have moved in favour of bhp so now would be the time for a cheeky move and use the pressure of the agm, removing Mather this December and threat of dilution for investors to get all to accept.
Solg will hold back on news and use the threat of a streaming deal to see us through to dfs, pfs update and further regionals.
No real regional since Porvenir Dec 21 and lot of loose ends being tied precedding a change in ownership?
The question is what's is enough to see that realised 40,50, 60p+
If a company wants to purchase solg it will sell even if they say solg is going into production
Everything has a price and if the price is right it will be sold
Just saying
Yup.
Agree Addicknt. I remember the comment from Mather and whilst I think he was talking in general, the scenario he was keen to avoid has now come to fruition.
The way I'm looking at it is that if someone doesn't move now, when do they? We won't appeal if/when copper is $6/7/8 per lb as the spending power of their cash resources is being eaten into during this high inflationary period.
I have to say what I see. The sweet spot is almost here surely? I need to buy more stock.
I don't venture there Jezzoo but you can argue that LSE have the filter. The problem is that with SOLG we have two protagonists and then we've got the other 'character' that keeps getting banned.
There are good groups on other media and in a way I think they'd benefit from the serious amongst us joining them.
But hey it is what it is. We've just got to move past it.
Bozi, I completely agree with your second paragraph. Mather himself described a similar sp as being "dangerous", and he was right. We are terribly exposed at the moment as I'm sure the board understands. They need to release some price enhancing news asap.
I agree with your first paragraph Bozi, I said last night that at least with ADVFN you can switch to a thread where the trouble makers and gaslighters are excluded, it's something LSE should consider.
This board is finished with the present bickering.
This is the issue with LSE. Bulletin boards can be ruined by those who are so self-obsessed that they have to make it about themselves. My suggestion to all serious SolGold commentators is just to seek out a discussion board on other forms of social media. Those discussion boards are better moderated by other SolGold investors and behaviour like this won't be tolerated.
As for the company, I can't help but feel that there's a window of opportunity now for a potential acquirer. Copper and precious metal prices taking a significant correction and when you consider the medium term trajectory for the metal, its plausible that it will be basing at some point in the relatively near future. Timings exactly will be determined by just how deep a global recession we see and the impact on the copper themes.
For anyone interested in the lot, the time has to be in the next 3-6 months IMO.
In the meantime the company needs to push on relentlessly.
Do you now retract your below statement novicehunter as captainswag has posted he wasn't referring to me?
"I see other people are now coming out of the woodwork on poly stating that massiveray is bullying them… check it out"
Enough said"
Here here Mather and Gino couldn’t agree more clean slate from me today onwards…
ONWARDS AND UPWARDS
MF - wholeheartedly agree. Enjoyed the sunshine yesterday (and a few real ales in the shade) but logged in just now to find over 50 filtered posts in less than 24 hours! Admittedly, I don't have to read them but it will put off many valued and potential posters from visiting this BB.
Admin - SOS! (SAVE OUR SITE)
The problem with this board is people like novice who bring it nothing but negativity. Novice has made a statement containing pure lies about me that can be verified on the poly board as the poster doesn't refer to me. Yet his lies are ticked up.
Admin need to ban this poster immediately...
I've emailed admin....
Reported for telling lies
Where do they refer to me novice?
"Lozzz tinyray get a like on a Saturday evening check out the rest of the posts from the other guys are you harassing them? No I didn’t think so ! It must be horrible to be so consumed by someone like me who offers nothing if so what are you afraid of gorgeous. I believe you are a good person underneath the tough facade you portray so switch off and go and enjoy your family and friends the market is closed until Monday 8am. Please don’t reply I’m not expecting one try and be the bigger person !!!
ONWARDS & UPWARDS"
You clearly are a narcissist novice, and gaslighting because other people are not coming out and captainswag doesn't refer to me... try and read his post again and Where's the others you stated?
Reported for lies
Novice, let me explain something to you, every post you refer to me as "tinyray" in order to insult me. Im not referring to you only as numptynovice....
Admin are aware of this too... so carry on...
Evening all….just a continuation from my morning post I was also under the impression that one of our near surface mines would finance a percentage of construction at Alpala ? (Through its mining).