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Hope so Seanhunter, a sensible outlook! GLA!
Has felt like Everest, for sure!
And they're managing to shake out a few chunky sales...
25k
28k
39k
53k
27l
29k
39k
30k
MMs trying it on again...230,000
RK - so glad you’ve left instructions during your absence otherwise many of us would have become most anxious indeed. And thanks for keeping in touch while you’re away.
Z
On Everest, Camp IV, also known as the South Col ("Col" is a word for saddle, or pass) is the last major camp before climbers make their summit push.
This is where we are resting this morning, gathering strength.
For me the summit is 40p - until we receive a bid this summer. Others may be looking much higher. But I base my target on the risk/reward position the market will keep this share prior to any fireworks (or disappointment).
This recent rise from 25p has felt more solid than any I can recall (we've been to 42p before 3 or 4 times now). The board isn't full of rampers and TA fly by night artists or hysterical optimism and hype this time - this is no pump and dump exercise, but a rerate prior to big news and probably the endgame.
You can drive yourself daft telling yourself that "patience will be rewarded" over the years, but with Solg is does have to eventually turn out to be true, despite the dilution along the way, it looks like we are going to finally see the promised land.
Eyesblue possibly double that on news imho lets see plenty of upside towards news imho
To save time...as a shorthand...in future if I post just a number, assume that is the number of shares I am firmly bid for, which will give you an indication of whether the firm buying interest is sustained...
So for starters...250,000...after the brief markdown to 37.5 and the strong push towards 39p and beyond, that is excellent news...
PS I'm away from Sunday for 2 weeks but will keep in touch...
even between where we are and our historic high (46 odd ??) thats still a nice quick profit but..... the 46 high was without the pfs or other data weve had since that point !!!! gla to lth
As we approach the probable denouement, now is the time for patience and strong wills...
We have had so many disappointments in the past, most notably on the back of overpromising and underdelivering, to the extent that the SP went stale.
Whoever said yesterday that this is where the SP should have been anyhow was making a sound point.
Darryl seems to have had a stabilising influence on the Board.
It is incredibly encouraging that we have come 77% in 3 months on no news, but that cannot be expected to last.
As DBW suggested, it is still probably 6 weeks at least to the PFS, so we need whoever is buying to sustain their interest, otherwise we may see temporary 'adjustments'.
Today is a case in point...the MMs tried to take it down and were met with steady buying that took the SP back to where we started. I haven't checked yet, but that tells me that still few are selling and the insti(s) or whoever are still buying.
But are they buying on the PFS or bid speculation; or is it a prospective bidder(s) or someone on behalf of same?
That leaves a vulnerability because if, say it is one buyer (Norge) and they have a capped limit of 40p say, or a capped size of, say 5%, what happens when that is reached?
I'm certain that there is no shortage of recent buys by traders/speculators...at what point do they take their short term profits? Maybe that is what the MMs are trying to trigger...
I am very much encouraged to believe that the PFS will be a material improvement on v1 and that alone will produce a SP lift, but...
If we have six weeks to go, there will be some relatively 'dead' times in that.
Next week is Easter...the market will begin to wind down from Monday and probably won't fully restart until w/b 25 April; then we have the Mayday weekend...then Spring Bank and the Queens Jubilee...and all these may probably happen prior to PFS.
So as I said...its time for calm reflection. We can't expect any news prior to PFS except the MD&A in mid May and possibly Options...both of us will give us crumbs to speculate on...
Good luck...keep the faith...we've come a very long way and fulfilment is at hand in a few short weeks now...
Everybody typo apols
Dont see his ridiculous posts they green ,let him sell out for 55p just shows exactly how much he knows about solgold ,chill ever body he'll be back to school soon
Hi Z, I think we all now know its going way north of that ; - ))
Zoro,
Why should he sell out cheap at 55p? It’s worth a lot more as the assets expand and value of minerals rise, maybe he’ll give you an update
Atb
Novice- what happened to your 55p?
Z
https://www.mining.com/goldman-sees-new-all-time-high-for-copper-price-by-mid-year/
It's beautiful thing... 39p within the next couple of hours, then close the week off in the 40's ;-))
OT about OT, but maybe Xanadu would work as satellite feed for Oyu Tolgoi? Wasn't the story that they had f'd up the mine plan such that their plant is heavily under-utilised? Maybe we could ask our Keith? ;)
I'm reminded of the biblical commandment not to cast the gemological product of bivalve molluscs before domesticated porcine mammals, but anyhow, that's over there.
But yeah, Xam used $4 copper. It seems reasonable to me, given that a study needs to incorporate the rising prices of steel, labour, deisel etc, then why not incorporate the increased selling price of their product as well. They argue that the current production price of today's marginal Cu pound is over $4, therefore a $4 price assumption is legit. Dunno what to think there. It's an argument at least.
Yeah
Well done again matey...thought leader...
Dbw ,morning excellent find there shows how much the demand for mining i in ecudoria areas there's going to be imho
Morning DBW. I was not referring to your link sent (which is appreciated), but just adding to the sentiment. The interview I was referring to took place a couple of months back.
As with you I am holding firm until we receive a bid. Very exciting times...............
Morning DBW, my view is.......the share price has been massively under priced for years. We are only now rating up to the price we should be at. The PFS may well be priced in by the time we get there, although it will be much higher than today's price. I'm still sticking my neck out for a J/V and production with BHP, or maybe a consortium?
Good luck matey. Right, time for the garden.
Damers “ In a more recent interview”
It was only published today …… the point being the share price is building for a reason. As RK has pointed out this is rising on no news at all and every little dip is being immediately bought in to.
PFS on the way but potentially still 4/6/8 weeks away …… by then there’s will also be a 3/4/5 month news vacuum to fill …… drilling, funding, JV’s who knows but we (almost) all know where this is heading.
I think we’ll certainly see a few people selling a chunk at 40p ….. I won’t be one of them.
ATB DBW
break 40p today ?? be a nice way to end the week ?? gla
In a more recent interview (Proactive me tinks) Cuzzubbo mentioned that 600 people had moved to the Cascabel area as a direct result of the mining opportunity. He also stated that he felt a real sense of responsibility towards the community (which I thought was a commendable statement) .
It's all happening folks.