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Rich, I didn't word my post clearly. From what I could see, KB was implying that because the share prices of the various companies he mentions are x, y or z, that ours should be, or become, similar. I know it's possible I misinterpreted his post, but the price of its own is irrelevant. I saw someone else post something similar on another board today. He was trying to equate one company with another by saying because their sp was 4 p, so should ours. Obvious nonsense.
I'm not evaluating the company in it's current state and I totally understand mcap but share price reflects the financial health of a company and it's prospects. Currently financials don't really play a part, until such times as a mine is up and running and we know full well what the assets are worth then mcap comes into play. To say £1 for a company that has one of the biggest copper find in the last few decades - could be getting bigger - along with over a dozen highly prospective concessions is folly.
KB - dragon oil was my first share. Bought for 2p I think I got my dad to buy some too, I got a tip from a mate who’s brother worked in the city when they were 1p something and thought I’d missed the boat to be honest. Time passed, I pretty much forgot about it, actually lost my share certificate in a move at one point and had to get a duplicate issued by some Irish firm, and finally sold when company was sold
Solgold is taking its sweet time and I’m as peed off as anyone at the moment, but patience does often reward. Although I hope I don’t have to wait 20 years for this one!
Exactly. When some of us invested 5+ years ago, going to production would have been madness as it adds years of further development and uncertainty. If the company had put a proper On Sale sign out, the company would have been priced closer to a takeover target price and would have maintained or even reinforced that position as SOLG progressed through its exploration programme. We have lost half the price and more in terms of potential price on the speculation that someone might call NM's bluff and pay through the roof, while we could have easily achieved 60-80p a year ago, and moved on from there to the development of the other targets.
hi Montecristo, i have the feeling that the share price has suffered particularly because investors / potential investors have come to the conclusion that the likelihood of a buyout has become less and less and there is an increasing probability that SOLG will go to production - with all of the delays you note in your med to long term hold comment.
Of course there are other factors too such as the court case last year and the shadow of future challenges in the same vein.
So too the newsflow drought which saps confidence.
I shall stay invested for the ride here because after 6 years i'm not going to allow myself to become worried enough or cheesed off enough to press the sell button.
All things being equal, i still think the med to long term reward outweighs the risk by some margin.
This is a med/long-term hold. With the possibility that an offer could come at some unknown stage. So the long term case to hold is there as is the short term case. Simple if you look at it in those terms. I'm happy to hold although sad than the exciting days seems to have past(for now) I will continue to monitor the progress here regularly but only because I have a wider interest in the markets. Remember solg is just one of many shares out there, so chill
That's the best post I've seen in a very long time on this board! The same folk will be sat here day in day out with baited breath waiting for a update. If your a LTH dropping in once per week/fortnight is more than enough! It really is comical watching people defend this share from the bashers. THIS SHARE DOES NOT NEED DEFENDING, IT JUST NEEDS TIME!!! When some of the good folk here are on their deathbeds with not much time left, they will be thinking...…..why did I give 2-3-4-5 years of my life watching this share daily, waiting for the slightest bit of news! Some of you guy's must lead a boring life to spend so much of your precious time constantly watching this board. It matters not one jot to the news flow/share price how long you spend here. I dropped in here a couple of weeks ago, and then a couple of weeks before that, and so on and so on. Guess what...….nothing has changed here in those couple of months! FTJNY in my opinion is not far off the mark. Right, back to reality for a while! GLALTH's
Hey everyone don’t know about you but for me 2019 absolutely flew by! No sooner had the year started than it seemed it was ending ( maybe just my age though lol) The point I’m making is that like last year 2020 will be gone before we know it and once we are into next year it’s the BFS followed by the start of the construction phase. So with BHP being able to make a bid from this Oct and the BFS / Construction due early next year, one way or another we will see exciting milestones in the journey of Solg within the next 12 months which in the grand scheme of things is a very short time scale to wait before we are well rewarded for our patience! GLTA true Solgers - our time is coming and it’s just around the corner :)