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Take out all the AT trades...that leaves 5 trades at c50k and 2 at c100k
The rest peanuts...which means nobody is buying or selling...just waiting...
Once he gets an idea in his daft head he’s too stubborn to admit he’s talking rubbish. Hence closed periods and autobots
“There must be something material going on because no Directors Buys for almost 5 months now...so they must be in a close period.”
Other reasons for directors not buying are available.
Good grief, settle down! It’s not good to get excitable at your age
Maybe a merc back on the cards instead of the pi.sspot if things improve?
Gold flying..now 2073 (PFS3 assumption 1800, so that adds $8.7BN gross to Cascabel ...silver through 23 (PFS3 assumption)...copper $3.86 (PFS3 $3.80)...GDXJ approaching a 4 week high...
Perfect storm....if this continues, a perfect time to start the pending positive news flow...
With PDAC on Monday and a perfect opportunity to make a joint announcement with the Ecuadorian Govt I wouldn't want to be out over the weekend! (If you value your fingernails 🤣
I know Add😆
But I had to put that out there since FQM will need to find alternatives to Panama. I am also trying to figure out why a president who has cartels to duff up would be taking time out to attend a mining bash when he has more important things to do? His minister of mines could have attended in his place. Something is up for sure.
Eloro, I was trying to scale back my wishful thinking.
Heres the way to unlock the SP...
Announce a conditional financing deal to build the Cascabel mine...conditional on certain milestones being achieved and not committing SOLG to taking up the finance until those things have happened...
Then watch all the genuinely interested parties fight each other to make a takeover...
Remember there are at least FIVE seriously committed parties and between 30 and 40 now interested after the surge in interest since PFS3
Wyloo had 37% of the shares in Noront and the SP was still only 20c...
They ended up having to pay $1.05...
I seriously cannot see the SOLG Directors letting this go for less than £1...they don't need to...we'll get a funding announcement in the next few days that removes all cash worries for at least 2 years and everybody I've been in contact with directly or indirectly at SOLG says exactly the same thing...they won't even let the CGP 5% stake go cheap...which surely means 20p at the very minimum...
Find me another share in global markets which is genuinely worth so much and valued so little...
And there was me thinking that Nobby will be in Canada to participate in the signing of the deal where First Quantum bought Solg!
Wishful thinking on my part.
The various suggestions from the company that SC may, or may not, attend next week's PDAC are a smokescreen. He will definitely be there.
The intention is to meet with President Nobby and to have a signing ceremony of the new IPA and a couple of other licence agreements.
Nobby has chosen the conference to make the announcements in order that he can telegraph to the mining community that Ecuador is open for business and welcomes miners with open arms.
Remember; you read it here first!
“They must be in a close period”
This guy claims an illustrious career at board level and in banking, and still has no idea what a closed period is
Let’s help him. It’s (usually) 30 calendar days before interim results and 60 before annual results are announced to the market
My data shows 75.7m yesterday
This is astonishing DBW...that takes yesterday's volume ot over 100m...!
Morning Red
Another late reported 25m just showed up from yesterday
So what news can be expected...to boost the SP...
1 Surely at least one TR1 imminently
2 There must be something material going on because no Directors Buys for almost 5 months now...so they must be in a close period. Maybe the first buys we see will be by the new NEDs
3 A non-dilutive funding deal which will remove all cash worries for the foreseeable future: this could be a streaming deal or an offtake agreement like the one Jiangxi has just done for First Quantum (who by the way were in desperate straits but still got a juicy deal)
4 The flow of permits must restart soon surely
5 Drilling/assay results as Scott promised in his update on January 24
"We are pleased to report that our Ecuadorian exploration team has been active during January 2024, making progress at the Blanca-Nieves Project, which hosts the newly discovered La Florida target. Blanca-Nieves is located 10 km north of the Cascabel Project. Exploration activities are expected to continue over the course of 2024, focusing on advancing new target areas and prospects for new discoveries."
And Nick Mather added:
""I am enthusiastic about the new discovery at La Florida and the potential connection to Cielito. In the coming months, our exploration team will work diligently to define the extensions of the gold-silver quartz structure. Recent outcrop rock chip sampling has unveiled widespread surface gold and soil geochemical gold and silver, further confirming the Project's extensive epithermal gold and silver precious metal field, covering an area exceeding 80 square kilometres."
If Blanca and Cielito are one massive system "The Blanca-Nieves Project is strategically positioned approximately 8km north of the Company's Cascabel Project" this becomes a major gold play with economies of scale due to proximity to the Cascabel crushing/processing plant...
🙄
Has anyone else noticed the much smaller volume of A Trades today? 70% vs 87% yesterday
Volume only 1 million in the first 4 hours of trading (80 trades)
Lets hope yesterdays opportunistic traders are out and we can settle into a quieter period domiated by steady PI/institutional buying on the back of a growing flow of positive news...
Next steps for Cascabel (from the latest presentation POST PFS3...
"Right of Way and Purchase Option Agreements for Infrastructure
Complete Permitting/Environmental and Social Impact Assessment
Advance Required Permitting with Government
Release Updated PFS Report on Phased Approach (Q1 2024)
Progress technical work to de-risk and advance the Cascabel Project
He’s been calling the bottom every few pence since 30p
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
🤡