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I don't know Father TF. None of us know the answer to this. Sometimes no news can be very good news. But my point is that at least explain what you are doing. Because if there is a complete void of information, as there is here, and small volumes traded, and we all know they needed to raise short term funds last year, the share price will almost inevitably go down. If they have assays my personal understanding is that they should release them if they show material information about deposits. But the real point is: I don't know what they have drilled, what they have assayed or what the results were. Which is the point I was trying to make below
I am very frustrated with why Nick Mather has not explained the delay with MRE3 and given us a new revised date for it. Opinions differ about these things on this BB and I accept that people have different views. But in my view it is bad manners and bad management. At some stage Nick may need the support of small shareholders. One never knows where things might end up with a potential hostile takeover or if the company runs out of cash and the only funding deals are offered on extortionate terms.
On a more positive note if one does a comparison of the Sol Gold share price across the FTSE 100 they have performed in relative harmony to each other over the past 30 days. That is, I may need to keep emotions in check and bear in mind there is a general malaise in the stock market and the SP may just be reflecting this. There was some differing in the prices about the 20th of Feb, when Sol Gold spiked, and then quickly fell again a few days later. While there are expectations from shareholders of announcements about recent drilling etc, as we know they are only obliged to announce things to the market that would be material under their reporting obligations. The fact there has been a void of information suggests to me that the results are not yet in. I cannot imagine they are sitting on positive results although, as always, views will differe about this. The other point is that the price movement again is trading on what are still very low volumes. The trading volumes typically sit around the 2m – 4m shares traded per day. The day the share price spiked, volumes went up 7m and the day the price tanked it was approx. 8m.
While the information flow is frustratingly non-existent, this adds to speculation (and unfortunately negative speculation just because there is a void and the SP is going down so it is hard to be speculating positively). And, to be really blunt, there are no material exchanges of shares going on. It will only be material exchanges that will ultimately drive the share price. So while I am as frustrated as anyone about the news blackout, I think the share price is reflective of a small volume and uninformed market where there is negative speculation going on. We do need some substantial good news soon IMHO
So what price are people willing to accept? I bet it's a lot lower today than it was only a year ago, given the sp fatigue expressed on here and the drop in the copper price that might reasonably be expected as a result of world events. Having only just bought back in, my sights are probably lower than most lths who have sat and waited for years.
The truth hurts and why you getting so wound up Earthling? I am a long term holder of Solg and have just sold 50% ish to balance my overall portfolio based on what I see and read and I want to buy it all back when I think the time is right IMO opinion I think not only Solg but a lot of junior/exploration goldies will drop sp wise big style until 2019-ncov and liquidity lol.issues resolve but I do expect that we and solg will bounce back faster than ever, Sure then we can all be day traders then too but I advise not now but hopefully soon. Each to their own Earthling and I do enjoy your posts but I do think I am right
well we have to keep paying the staff but with if they stop drilling, prob have already currently, may have a a few months to sort a funding package eg stream funding. NM had said for the main funding to develop Alpala it doesn't have to be dilution.
many non investors jumping on the band wagon now to get in cheaper, good luck
It will get sold IMO, NM wont let this go for next to nothing, I know that for sure.
it is what it is Earthling. I hope to survive and thrive and rebuy SOLG but not yet! I used to hold many million SOLG in 2009 and I wish I kept them. I still hold a lot and I will hold more when the time is right hopefully. I believe in Solg!
What he's saying is that by using a significant amount of the money they have raised through dilution on other tenements, they are now in a position of needing Alpala to pay out big time. Which does weaken their position (somewhat) at the negotiating table with potential buyers.
Absolute sick to the back teeth of hearing about it,the media are blowing it out of all proportion,for crying out loud,they have even cancelled the new james bond film until nov.what ever next.unbelievable.
further to my last I do hope to be about to buy SOLG in a big way again. I'm still holding a good chunk between Sipp and Brearley Icon. But this uk gov leak of 80% expectation of infection and looking at Italy like 30% dead I mean that would be about 20million UK dead and I don't think any of us gamblers will be worried about SOLG . Think I will go live on my 25ft folkboat! buy more 10g bars I say!
I think you et al should maybe pay attention to his messages here! Solg will recover but mms and 2019n-cov concerns together with liquidity probs and those that perceive that said liquidity concerns will drive the price of junior goldies down will contnue to negatively affect the sps of solg and a lot more goldies! But them that have the ozs will recover. I know the bod gets grt annual £renumeration but them and us are all shareholders. I like an" everything considered" sharechat here and I think we.ll be ok ! I so want to buy my other 50% or more here but not yetIMHO. GLA!