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This Tier 1, rare asset is still here!
There is now a costed appraisal which demonstrates a mine can be developed which will generate millions in revenue and profit for decades.
If we want to progress ourselves, we can access funding.
However imho the more likely outcome will be a buyout by one of the many major mining companies who have already shown interest in Cascabel.
The only ones worried about the share price fluctuations are the traders - we’ve seen it before.
Sit back, relax and watch the show unfold and we will be handsomely rewarded.
GLA
"...I calculate VWAO at COBlast night as 36.5p...
35l would be nice and watch all those who panic sold pile back in...
If there is a raise it needs to go into solid hands so there is no idiotic after market..."
Can someone translate please?
Z
VWAP at last night...
Can someone (who Redknight has not filtered), please pass this message onto him:
"...WTF cares about your minute by minute, hour by hour transactions where each time you make a small fortune for you and your wife? It's like you want the general public to watch you write your daily financial diary.
Red - you talk absolute bowllox each and every post which no-one ticks up but you can't resist posting can you. Your wife must have the patience of a saint.
PS: If she is as busy as you investing - maybe she can speak for herself!
Give us a rest RK...."
Z
I calculate VWAO at COBlast night as 36.5p...
35l would be nice and watch all those who panic sold pile back in...
If there is a raise it needs to go into solid hands so there is no idiotic after market...
Meanwhile 31.22p to buy 50 000
Wow...they will now sell me 50,000 but at 30.9p...
Maybe the Equity raise is done and dusted...
If it's on a 10 day VWAP we're quids in...!
MMs dont know what to do...very defensive...I can only buy or sell 5,000 on an electronic trade...
They probably would like to close the book for the weekend...
Any decent buying and this could fly...
Guess the closing price.
32.25
So many people slamming the Board or saying it's a chute PFS...
The company's own figures say the pre tax NPV could be £9.7bn with an IRR of 30+%...
And even on assumptions of $3.60 copper and $1700 gold, the average EBITDA is $1.2billion putting SOLG RIGHT NOW on a Prospective P/E of 0.72...
If the Board has done such a bad job why didn't you sell at 40p...? Youd be 33% better off now...
Share investment is a matter of having a clear strategy and sticking to it...doing constant research...not listening to idiots...making measured judgements...and being prepared to sell when common sense tells you to and leaving enough firepower to average down if you want, to improve for the long term...
If you are influenced by one day or one hour you need to ask yourself are you a trader or an investor?
If you are a trader you set stop losses, which avoid the sort of losses weve seen in the last couple of days...
If you are an investor, you keep up to date have a measured long term focus and if you get a nice surprise all well and good...like waking up one morning and the SP is over 40p...twice...doubling four money and selling half...
Mg onlg worry now is...when the share price spikes on the first bid, do I sell half or run the lot...
Good luck to all and no implied criticism intended...
Bouncing back...
Please don't respond to the cretins (trolls) or at least change the subject matter...you'll note they appear on a change of thread and continue disrupting the board !
GLA
it should bounce from the trend line. 28-29p is likely to be a strong support
Good two way market now...
Can sell 100k or buy 50k (latter at 30p)...
Astonishing good value now mate...
Christ...who would have thought we'd be under 30p after the pfs... beggers belief..
"Good luck all and let’s hope for calmer waters and lest nonsense posts including myself."
Life is too short novice...
Bought 66,583 for MRS at 29.88 8.01 this am...
That's the spirit novice...you're a tonic...every day...
Getting ready for a much more positive day here time for this ridiculous trend to start reversing . Good luck all and let’s hope for calmer waters and lest nonsense posts including myself. ONWARDS & UPWARDS
Company made clear that the latest wave of COVID in Ecuador was a massive factor in reducing or stopping drilling...
But Ingo said cash burn is running at $40m per half year so they must be spending it on something other than just Alpala PFS....
at Rio, Pov, Sharug et all is because Solg want any bid for Alpala to be based on the SP being totally representative of Alpala and not include any value attributable to the regionals. This way they can maximise the pay cheque preventing a bidder from knocking off a perceived value for the likes of Pov & Rio. Just a musing on my behalf as if I was trying to get top dollar for Alpala I wouldn’t muddy the waters by releasing positive drilling assays from the regionals which could increase the SP. IMO much easier to negotiate a sale of Alpala on the basis that the current SP is 100% based on the value of Alpala
https://www.ig.com/uk/news-and-trade-ideas/metals-prices--big-miners-find-the-going-tough-220421
That was the same publication that said the PFS would be released in April, when everyone else was expecting it in late May or June. In other words , they have their ear to the ground.
The smart money is on a joint bid for London-listed SolGold by BHP and Newcrest Mining, as early as June.
Very proud of this board tonight, some sage voices of now and yesteryear turning up to speak sense. The sp drop threw a curve ball, that is all. We know what we have here. It's not our fault if others don't.
.... in our portfolios mean "nought"..... they'll up 'nd down...and are only relevant on withdrawing cash to buy a "toy"?
you know why you are here....yep on frustrating days one can vent....but it means sod all.....buy the dips....hold for gold (equiv).......sure trade if you wish meanwhile).....but you know the value here in SOLG.....so relax!
Don't let your £ figures ....if droping on your spreadsheet.....ruin your day or enjoyment of all that SOLG will bring you some "sunny",,,,,,SOL day?
I buy the dips.....just wished I'd waited till today....for all of my top up!......but I am certainly not worried about a few pence....!
GLA!
BSB