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I’m struggling to see what relevance 7.8p has. It is not a level of resistance
Just not today ay ?
Large BUYS gone through 800K & 400K, plus a load of 24,244 trades, over 2 million just traded.
7.8P WILL COME AGAIN
GL ALL
You’re just a knob head. I couldn’t care less if you’ve sold your shares or not. But I know you haven’t, it’s blatantly obvious
On the edge of my seat here, will covgaz’s in the 6’s, or Adieu’s 10p be proven correct..... there’s all to play for in the last 25 minutes of trading.......
Haha!!
As ever: slug is confronted with facts, doesn't want to refine his thinking so lashes out. A tale as old as time.
Can't say I didn't try to educate you. Some people's ignorance is not a sin but a trade.
You haven’t sold them. You’re too thick
Haven't watched it, not sure if solgold has any properties close by ?
https://www.youtube.com/watch?v=RVOlnRSgPvY&ab_channel=MiningNetwork
You have no idea whether I've actually sold my shares or not 🙂
They reduced staffing to save costs, but there are thresholds of staffing they're not going to be able to dip below. I don't expect you to understand (see previous post regarding your proven ineptitude).
I'll make it simple for you sluggy - an 'out' from your hole, if you will. Which search engine will return results that say the carbon to oxygen double bonds in CO2 DON'T absorb in the part of the electromagnetic spectrum that the earth emits in. Show me that, and I'll show you a source of your problem with facts.
Google is grand thanks, but Springer, Wiley and OUP don't make all of their stuff available open source. Helps to have a library log in. Have you heard of libraries? Did they have them at your 'university', or was it mostly just crayons and safety scissors?
That push past 7.8 this afternoon is late starting Adieu.
Although a few months old, Scott stated the technical report would be released in parallel with the revised PFS.
https://youtu.be/prjh454RtxE?si=oiulhjZSCFcDXA6L
Adieuk32, for the April-22 PFS, SOLG also said they would file the Technical Report NI 43-101 within 45 days (which they did).
Nothing unusual there. 45 days is just the National Instrument filing requirement.
Separately, I asked if you could explain what you meant by:
"Ecuador government have 3 months, from December-23 to approve the development"?
Why did the sack the other few hundred then? How do you get through life being so incredibly dim?
If you think a fundraise is coming, why don’t you sell your shares because they’ll go down? Is it because you’re incredibly thick or because you enjoy losing money?
Worked how to use a search engine that isn’t google yet?
You don't - that doesn't make them optional. Just like it's not an option to default on loans or break environmental codes, without sinking the company.
I realise you're probably upset like the others here, but it seems strange that an investor would suggest a means of sinking the company when in reality we are just heading for a car crash of a fundraise (as I predicted).
As for how thick you are, slug... Who is to say? You've said some bonkers things but I've always assumed it was a combination of attention seeking and lack of education/critical thinking. Maybe you just say these things because you're plain dense. Who knows? Either way, well will add today's stupidity outburst to the growing list of things that prove you're thick as treacle.
CEO said in the interview last September, that he wanted to release the Technical Report with the Feasibility Study results.
5 BIG name players looked around the dataroom.
3 of the biggest mining companies in the World, already have a foot in the door, which one is ready to do business
I wonder if a T/O is holding up the report?
Another push this afternoon passed 7.80p
GL ALL
Jesus how thick?
How do you meet agreed investor commitments if you’re bust?
"And sack the rest of the Ecuadorean bum scratchers and call off all exploratory work. Cash bleed should be nowhere near $1m per month"
Realise you just wanted to get your favourite phrase in, denigrating local staff (don't worry slug, I'm sure mummy thinks your funny? 🤷♀️) but please, explain exactly how this would fit with our agreed investor commitments?
You can't, because it doesn't, but then you're never one to let the facts get in the way of your posts are you, sluggish?
For further evidence, see your posts about GDP under Thatcher (wrong), temperature 'not being a measure of anything' (direct quote, there was no additional context - wrong), CO2 isn't linked to global temperatures (wrong), Toyota developing an engine that 'runs on water' (hilariously wrong).
The question that arises this time around (unlike other occasions or past years) is what exactly is the cash raise for? When you go cap in cap for funds you need a really good clear outlined 'strategy' other wise investors will just say... what's the point of it and when's the next one lol!?
Many of us know the reasons for keeping the lights on, but here's a few questions to ponder on...
1. So you want to raise more cash... ok... what's it exactly for??
2. Is it to keep the lights on while you seek a sale?
3. Is it for exploration work?
4. Is it for Licence block fees eg or relinquish them as they cost about $6m per year
5. If the involves the above point 5... can't you farm some out... find partners ... fund it that way?
6. If it's for optimisation on ENSA... how much more optimisation do you need to do?
7. What's happening about the $170m committed spend to Ecuador gov? I know you are chatting about it... but what's the point of me injecting more cash if you can't answer that elephant in the room?
8. If doing a royalty again... I expect the royalty business will want shareholders to stump up a similar amount like last time?? I presume one is conditional upon the other?
9. If Ecuador gov agree to shuffle the $170m into pre production spend... what happens to the $75m you've committed to on the deal struck last year??
10. If constantly raising cash... wouldn't waving future bonus shares to directors be the right thing to do as we're not keen investing more funds into SOLG if management keep issuing binus awards for things like strategic reviews that never seem to materialise.
So yes... cash is required to keep the lights on, but as you can see, the truth comes ever closer and that truth is... SOLG needs bucket loads of cash going forwards... unless they plan a JV or sale. And IMHO... they'll need to confirm the latter to any future funding partner or royalty stream deal before anyone agrees to anything. Otherwise... it's just an empty hole with 101 unanswered SOLG questions left dangling in the air.
Oh whatanight exactly my sentiment they have never seemed to get this organised
Not one single event has been followed up by and this is how we are going to finance it
They just get mile stones out, and then nothing and watch the share price twindle
I don't know why BBG has my name on his list while forgetting to add his name to the list😆
I note that yesterday he had my post regarding his Bedlamite condition removed!
It certainly would be interesting to see a breakdown on what that $1m a month is being spent on.
"Millions of ounces of gold or an expensive computer algorithm that can and will be shut down overnight"
demonstrating a clear lack of knowledge here on hash rate and network adoption. Sorry was I wrong that SOLG has outperformed ?? You will look even sillier by end of this year when SOLG has slid further and btc is knocking on the door of 100k
And sack the rest of the Ecuadorean bum scratchers and call off all exploratory work. Cash bleed should be nowhere near $1m per month
The easiest way would be to place the CGP shares with a strategic. Given the robustness of the PFS I’m certain they have alternatives now.
Whatever they do they need to get on with it.
I've been a holder of CGP and Solg for over 10 years. With all the properties and personnel you would think they would have created some type of cash flow model that would make the self sufficient over time. Very disturbing that we seem to always be in this position.