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Whichever mindless idiot that is, who has posted the criticism above...
1 I've been on holiday for 2 weeks in Cape Verde, hence virtually n o posts
2 Just read back over all my posts and you will doscover that almost every time i post a bullish suggestion it is backed up by solid information and research
3 What sort of microscopic mind would think I had the repmotest chance of influencing the SP
4 I genuinely believe we have n ow bottomed due to a multitude of factors and that we will now see a flow of positive news
5 There is more and more evidence that there is massive and growing interest in SOLG. I have it on good authority that there has been a massive increase in interested parties since PFS3
6 Please don't parade your own shortcomings and/or your deramping by criticising my genuine and well researched posts. I will openly admit that our 2.4 million is at an average of just under 10p which means that we are sitting at a loss of c£84 thousand. As I've said before, because of false suggestions that I lied in the past I now update our position when appropriate
Finally 7...can't you get it into your tiny mind that many people on here who might be more than a tad disheartened at the current SP need encouragement backed up by facts from time to time to reinforce their belief...
Instead of taking the time to start a mindless thread like this, why not put your mind and time to good use by doin g the levels of indepth research such as DBW does for example?
And if you aren't invested, please disappear like the countless derampers such as Be3st who come on here and waste our time; or the morons who just indulge in arguments or baseless criticism far too often.
I can tell you that on all the other platforms I am on, this one is regarded as a massive joke and a waste of time because of all the rubbish, disinformation and mindless negativity that appears on here.
But I've been on LSE for 13 years and this Board for almost 7 years and there are people on here who I respect. Clearly you are not one which is why you are among the many who are filtered...
Enjoy
They won’t dilute at these levels and once funding is secured that’s another catalyst for a rerate
Fine if you don’t want to buy and just sit there sniping all day, but it is a great opportunity at this level
Trouble is, we seem to have 'funds' or fund managers actively reducing SOLG stock month upon month and month end seems to be their favourite. You see.... the trouble is... when they've done well in the month, they then seek to close off losing positions so they keep the fund returns targeted to their performance goals while also reducing losses. When SOLG was in the mid 20's it was more inline with most Funds average holding positions hence their was no advantage in selling stock.
Of course, as witnessed by yestersdays whopping 75m volume... there are fund managers or buyers mopping up stock. For instance, Blackrock sold out long ago and had sub 10m shares late last year. They exited around 19p ave levels at a loss. The second headache for Bob and co is that buyers are able to get hold of 2% to 3%+ of stock at these low levels. Who would have thought it possible? It's ok to give the little pi's a bit of a nibble on low volume of 2m or 3m as it's peanuts. But when you see almost 5% of the company bought up in the 6p to 7p range... that's a concern. Especially when you have 157m shares you might want to place. 75m of stock got rinsed at 6p lows yesterday... so suddenly any ideas of offloading those 157m shares at 16p again seems hard to believe. Any party wanting stock just has to do nothing and just wait for another fund manager or a few to offload another 40m+ of stock.
This is what happens when you have a management team that think going 'quiet' and moth balling the business is a good idea. It clearly isn't and they need to get this ship turned around fast before someone snaffles 10% of the business for just £20m.
Have you not read the company’s rns.
They are running out of cash and need funds before June, are you nuts 🥜
Plus I prefer to leave it to the experts who don’t lose money 90% of the time, although I think red ramper actually loses more than 90%
He still won’t change the sp
So your post is pointless too 🤡
Here’s a thought buy some shares in Solgold
🤡
OK so this is one of the most bullish things I've seen in a long time...
https://www.newmont.com/investors/news-release/news-details/2024/Newmont-Announces-Balanced-Capital-Allocation-Strategy-and-Return-of-Capital-Framework-Supported-by-Portfolio-of-Tier-1-Operations-and-Projects/default.aspx
" Announced a Focused Tier 1 Portfolio*
Intend to divest six non-core assets including Éléonore, Musselwhite, Porcupine, CC&V, Akyem and Telfer, as well as two non-core projects including Havieron and Coffee
Focusing management efforts on portfolio of Tier 1 assets and emerging Tier 1 assets
Sequencing development projects to focus on enhancing project development capabilities to bring forward the gold industry's best pipeline of gold and copper projects "
Newmont NOT divesting SOLG (but ARE divesting Havieron...) and focused on Tier 1 and "emerging Tier 1 assets"
Meanwhile, Newcrest's former CEO Sandeep Biswas has started a $1 billion fund which is looking at undervalued shares and is specifically targeting SOLG...
And we haven't even had the expected flow of RNSs yet...
Still no Directors' Buys so something material must be in the pipeline because SOLG is an absolute steal at these levels...
Have patience guys...if you buy at these levels you won't be disappointed IMO. We're now up to 2.4m after yesterday's buy at sub 6.14
In the absence of a TR1 or a news RNS in the next few days we just need to shake out the traders who will have capitalised on yesterday's sales...then watch the SP recover...
An even better opportunity to keep it for yourself methink.
Bounced back into the 6's as I predicted. Good opportunity to open a short now I think
Gina is 70 and Twiggy 62.
They will both be around to see Cascabel developed in their lifetime.
Diversification from iron ore into copper is what Gina, and Twiggy are chasing.
So...final comment...
MSCI is an index just like the FTSE for example, but this time a mining specialist index.
Membership will be based on MCap, so clearly SOLG's MCap had fallen to the level at which it dropped out of the index on the monthly (or quarterly) review).
As a result of that, the MSCI funds on the Morningstar list would have to sell their holdings.
According to the list I publshed earlier (and assuming either that there were no other MSCI tracker funds smaller than these) the total that would have to be sold was 19 million shares.
Which doesn't quite explain why yesterday's total volume was 76 million...far and away the highest in SOLG's history
But if you look back, the total volume in the 3 trading daysd immeditaely after the announcement of the relegation was 52 million, including a 15% fall on 15 February, the first trading day...
Now while these extraordinary volumes might be partly down to trading 'churn', there must be the possibility that there has been at least one sizeable buyer in the background...
Time will tell but lets hope for more rational daily patterns with a steady rising trend now, once the traders who took advantage of yesterday have been shaken out...
Thank you Padmaster for the link much appreciated.
Pinot
:0)
morning all.....if i remember correctly han**** borders cascabel on three sides and has done since the cadastre closed in 2018
pinot
:0)
And your point 🤷🏻♂️
A few days ago did someone suggest the office in Brisbane is to shut in July?
Given the domicile of our directors and staff, surely we can no longer be described as an Australian company?
SOLG closed at 6.96p equivalent...
1.2 billion, not million
Rio Tinto have developed a high risk high reward strategy on exploration.
they invested 1.2 million US dollars last year on exploration.
where bhp use a low risk low reward strategy.
it appears to be paying of for Rio Tinto, they and the companies have discovered some staggering sites.
they are also investing heavily in the development of new technology to extract ore from previously
unprofitable sites.
this could be of major benefit to cascabel.
just don't get hysterically excited about her drop in the ocean investment in Ecuador.
if you take the time to look she's investing heavily in chlle and other s a countries. in darkest Africa. in eastern Europe.
none the less it would of been a worry if she didn't enter ecuador
What Ecuador and its mining industry crave is stability.
Hopefully Noboa is going to provide some at last
“According to the latest Cedatos-Gallup polls, 76% of Ecuadorans trust Noboa while 56% say the country is on the right track and 52% consider that under the current government the situation in the country is better. His general approval rating was 81%.”
https://www.bnamericas.com/en/news/ecuadors-noboa-riding-a-wave-of-popular-support
Sorry Jezzoo was that comment aimed at me, I not been banned.
yesterday,gina put her weekly nail varnish money into ecuador.
the board was awash with excited chatter, we couldn't wait for today, whatch us go. just wait for the auction.
today, once again reallity sadly returns.
$120,000000, how big a hole do you think that will make in rio profit.
my grand kids swim for the state. han**** probably puts that much into sponsoring them.
and exactly how much did she put into solg
Back from your 48hr ban then.
So should read some.
Good morning Covgaz.
Look you should have worked out by now that Redknight hasn't got a clue about share dealing.
Nothing wrong with automatic trades.
Just a normal part of how a market works.
Look at any share, you get A trades.
I guess everyone awaiting the outcome of the strategic review, so we can see the plan on how to advance Cascabel.
Then maybe so of the idiots on here will finally shut up.
But then again because they are idiots, they will try to twist it and say things like, well they would say that, but they mean the polar opposite.
After all that's what they have been doing for over ten years now.
Nothing interesting here as per usual. After yesterdays chatter , we seem be on the same trajectory , with A trades running the show as per usual. What changed?