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This article is 10 months old but by Reuters, so a good source.
https://www.reuters.com/business/energy/ecuador-expects-4-major-mining-projects-start-up-by-2025-2021-09-17/
Although I don’t read all (erm…if and when we get them !!) thoroughly the R.N.S.They do read to me as if they’re taking solgold to production whether a bid comes in we’ll be the last to know also when reading mining news from Ecuador ,comes across they’ll have 4 working mines by 2025 ? .This is a painfully slow share to hold and watch good luck all l.t.h’rs
Agree Damers
The whole sector been bummed recently. They have to get something sorted and quick or they’ll be gone come December, I’m confident they will. As I said there’s a reason we haven’t raised.
The disparity between TSX and here is very odd
Damers look at the skillsets of the latest appointment's.
They are the skills required to construct a mine. Nothing to do with any bid. Which by the way Solgold have recently reported that not only are their no bids but no one even entering discussions.
This is a simple case of twisting the facts to try and get your world view.
Rather than looking at the facts and drawing the most logical conclusion.
Morning Sean.
A bid / JV announcement will come. We have 4 high calibre Execs (Inc CFO) joining SOLG within the space of a couple of months.
They would not have signed up without bullet proof assurances that SOLG is on the verge of hitting the big time.
Have a good weekend.
Damers.
Deramping? Give me a break. We need a bid, it's as simple as that.
Jeez, Sean ……. Just sell up if you think it’s going to 10p . Cut your losses and save yourself the stress.
The day's high on TSX was 50c, which is 32p.
https://www.barchart.com/stocks/quotes/SOLG.TO/overview
https://www.dollars2pounds.com/CAD/GBP
minor volume but a weird one
De-ramping nonsense Sean.
You should have spent more time reviewing the last RNS and asked yourself why has such a high calibre Production Engineer joined the Exec team etc.
I will give you a clue to the answer - it's not because SOLG is going it alone in 5 yes time with the help of Quads & Co.
You are taking a risk having sold and looking to buy back a few % cheaper.
If a JV agreement announced on Monday you will be a wee bit ****ed off my friend.
Damers.
Here we g gain... back down to the 19p level.
Then in September the spending and dilution starts.
How much does it cost even to build a local road?
10p incoming.
Agreed Zoro, I've begged them to stay myself even over on Poly, but I think this time its for real !! its not him its me... :)
Agreed Sean, shame really, and yes Forti nobody here and I mean nobody knows what's around the corner.
Have a great weekend all ONWARDS & UPWARDS
Yep - good isn't it? Noront was 'doing nothing' before BHP came along and pitched a 55cent offer. 4 months later after several bids and counter bids the stock was sold for 110cents.
If you want an offer... then you want the stock to look unwanted. You want potential equity raises to look very expensive. You want the stock to look cheap.
The lower the SP goes the harder it gets. It actually forces management into JV's and farm out deals. When blackrock bought back their various instruments to close out June at around 35p, I genuinely thought an equity offering was coming around the 35p/36p level which I reckon would have been acceptable by most considering the last placing was done at 26p.
Perhaps it suits SOLG to have a lower sp right now? Why... well they can go down the Franco style route and raise cash via royalty option. Yes BHP and NCM will be unhappy with that but what's the alternative? A heavy dilutive capital raise at 24p? No way that's happening. Mather was clear last time. $40m+ exploration budget is fine at mid 20's but $100m+ is too much of a hit on dilution.
So while the lower sp doesn't worry me too much, it actually pushes SOLG toward a Sale or JV deals and I think most would agree, that's what is needed after years of dilution. It's time to monetise.
Citywatcher - OMG! How many companies you investing in???
How do you keep up?
PS: Solg ceased being an exciting stock just after the demise of the roman empire in AD406, I believe.
Z
I agree, MassiveRay has been respectful and honest throughout. He doesn't know when to call it quits but what do you expect when novochoc keeps biting his ankles?
Hang around Massive you are a breath of fresh air, mate.
Z
Remember selling out too early at 31.5p in March & when they rose further I knew I had sold too early, but would like to get back in, as it's an exciting stock, but the fall has started & in these market conditions with gold being nothing special price wise, maybe I should just wait a bit longer. However - it won't be a huge buy, but maybe £2k's worth. Any thoughts on this appreciated.
Don't leave MR, you're a decent lad. Just stick to the truth and stop winding people up and you'll be fine.
XXXX
OK let's just call it 6 - so slug and the rest of my haters, if I return you now know who is responsible.
It's been a pleasure, goodbye and God bless- hopefully!
I think majority have you filtered, don't flatter yourself
Come on guys get me to 10 and I'm done posting here, will trade from a distance here. and will only return with my views if novice trolls me or the poly board, at least then it will be clear who the trouble maker and troll is...
neither is Thomas Cook
Thanks for your honesty dbw.
Ray .....in many ways I believe he is to blame, certainly as much..... it's just a shame that's all
Ray / Novice .....well done for ruining a perfectly good BB
If I find anything of interest pertaining to Solgold I will post it ..... otherwise I'll give it a break here until news ..... pitiful