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2nd quick post from me. 're the virus. Why do folks think we should ignore the experts with many decades of experience and instead listen to share investors on forum... "Everybody is entitled to a view, but it doesn't mean that every view is valid" certainly rings true.
With Fed rate cuts now fully priced in with another 0.75pts coming in a just over a week, markets will feel they have enough firepower to manage the Corona impacts. Placing that aside, the cost of debt has falled massively due to these central bank movements and stimulus. With China set to launch similar stimulus, the recovery could be quite robust when Corona abates. If this all improves around August/September, then SOLG should be looking in high demand as BHP will be 4 weeks away from making a bid if they choose too.
Plenty of risks out there, but as these stimulus measures unfold, it's actually beginning to look like it migt work in SOLG's favour. Of course, a credit crunch scenario would set things back considerably and I think that's what Trump and co are about to knock on the head. They don't want credit markets collapsing.
It's all changing fast again. Governments are now reacting to market crisis and taking stronger containment procedures aka Italy.
Utter BS ..it's not about the current SP. It's about the majority of shareholders. If the majority of shareholders care about where the SP is in 2023 then that is what the CEO will be concentrating on. His job is not to sacrifice this for what some private investors who hold 0.01% of the company wants. If he things holding onto news will help the majority of shareholders then so he it. Tbh it's only the quick rich scam aim companies that try to drive the SP normally so they can get a share placing away for the corrupt pals. Thanks but no thanks
Bozi, genuinely, with respect, when you make comments like this: "Nick and his team's job is to manage the company, not the share price. " it does beg the question regarding the point addicknt made. Its a public limited company, it's not about the journey, or mining awards, or being popular with the natives - the name of the game is to increase the company value while not printing any new shares if possible. Share price (and of course in different circumstances a dividend) is what it is all about.
Did not buy in here (went all in for Lloyds yesterday morning) but glad to see the price recovering somewhat. i reckon 15p will be the new 20p for the foresseable future until some good news drops, but it should be good for trading once it stabilises.
As for this dreadful virus, I think panicky governments will make it far worse (see Italy) and we'd be better to ride it out. It is already out there, we are all probably going to get it, so the focus should be on treating those most at risk, not imprisoning whole populations and wrecking economies. Its the wave of fear that's doing the real damage, I suspect we will get used to the actuality when it fully hits (as we get used to anything eventually) and the markets will sharply recover. Till then I hope we all stay healthy and wealthy.
Addicknt - I've never said that anybody doesn't have a right to an opinion. I just don't agree with it. That is what "I can't be doing with" means where I'm from!
Personally, I recognise the insignificant role that we as PIs have in a company like this, hence I take the decision not to go on a crusade just because the resource estimate update is slightly later than planned, and that's all it is in the grand scheme of things. But I won't labour this - we've done it before. I thoroughly believe we'll come through the other side soon.
This isn't aimed at you specifically, but the tone and overriding message on this board in recent weeks has been negative and sometimes spiteful towards Nick, this despite the dearth of information coming out in company presentations and such like.
I get the feeling people would rather we drop MRE3 and the PFS now, into this bear-controlled market. In my view that's a horrendous strategy.
The global market,(and the USA one in particular....) was in much need of an "hair cut",the nasty coronavirus was just a very good opportunity,(excuse if you likes....) to make that happens.....IMHO. As it's offten the case most of shares suffers in this process and of course SOLG just could not escape that,(on top of the poor performance last year....) looking at the half full glass,(as I often do....) this recent melt down creates opportunities to brave ones,I think SOLG is one of those long list of bottom bargains ones.....IMHO. GLA whatever.
Bozi, "what I can't be doing with, etc, etc", and you speak for everyone do you? Every shareholder, regardless of size of holding has the full right to express their opinions about a company in which they are part owners. That is the legal position of owning shares...although I understand full well you subscribe to the ostrich/mushroom approach to ownership. I have not called NM (I love the familiarity of your use of his christian name, are you related?) a scoundrel or pathetic, I have merely pointed out that his news flow management is appalling, and you have to be especially dense if you don't recognise the truth of that statement.
Yes earthling, price now over 14p and buys coming in.
Looks like those persuaded to panic sell are retrieving their holdings. Great price to get in and be part of the biggest copper gold discovery in decades. Maybe last chance to get in before we’re back into the 20’s and beyond, particularly with the strong whiff of takeover in the air. GLA
I'm quite comfortable with the direction the company is headed in seanhunter.
Not sure how else you want me to man up?
What I can't be doing with is people buying a couple of hundred thousand shares like they own a significant stake in the business and want to hear the news almost before it drops. Stop trying to micro-manage the business because you own a few shares.
This is mineral exploration, in a yellow light jurisdication. Those moaning about what a scoundrel and a pathetic leader Nick is are the ones that need to review their position.
When I’m annoyed about the current malaise, I like to remind myself how utterly ludicrous ColonelDrake (or whatever his name is) stated you to 20% of the UK population could die to the virus. Bwahahaha!
Ludicrous and downright deceitful scare mongering at its best. What a horrible piece of work. And just consider his other comments in the same light.
Thanks fully now filtered, I don’t need to hear this latest reincarnation absolutely obsessed with SOLG despite claiming the company is a dog.
"BHP Group (BHP) +6.17%: chairman Ken McKenzie was vocal at today’s AFR Business Summit, talking up the company’s ability to withstand shocks while capturing upside in recoveries. Particularly interesting was his attention to potential acquisitions as the miner looks to flex its balance sheet to leverage a rebound in growth". SOLGOLD appears to be a key target as BHP not so quietly builds a stake as attention turns to “future facing” assets
for some bizarre reason, also it seems to be the only board where the bashers have convinced most people on here that its ok for them to give abuse and name call anyone who is positive about THIER OWN INVESTMENT. its hypocritical to say they are neural or balanced in any way, most of them are extreme views, if they don't like whats posted why don't why just filter people themselves?. Even those who say they have filtered people come on saying 'oh I had a sneaky look', or commenting on their alleged filtered posters, or telling us how many green posts they can see? doesn't add up IMO