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I very much doubt it SM.
Any potential suitor knows it can buy up millions of shares at this level over time and the chance of a bid is vastly reduced.
That's what I believe The Italian is getting at and I agree.
I also agree with Fort's post from yesterday about the accounting process.
There's no two ways about it. We're in a pickle and the SP is reflecting this.
Hi Novice, not wishing to appear confrontational, but you state we are firmly in the hands of big institutions who clearly want our shares.
What evidence do you have that supports that statement? My own (personal) view is that we are clearly in the downward spiral of a market that is showing no interest whatsoever in our shares.
Sharket that is what the big institutions want us to do buddy then bang it goes for a quid a share in the summer… sit back relax and remember why each one of us invested here decades ago !!!
Well this is (I’m hoping) turning out to be a tree shake of giant Redwood proportions 😉
No point in arguing all day as we are firmly in the hands of big institutions who clearly want our shares !
I agree with Fort here. The SP is symptomatic of the junior mining sector being out of favour, UK equities languishing, and SOLG being effectively mothballed. There could be news of an agreed takeover at 25p next week for all we know.
The Italian,
Well, if you are not naive why are you aligning the share price today with the prospects of a takeover or monetisation event?
It has nothing to do with trading mentality... that's a different subject entirely. You were suggesting that at 7p... there is no sign of a takeover.
Like I said... many examples out there where the takeover comes when you least expect it and lets face it ... the markets of today ... especially LSE are a bit of a joke. Look at ARM news today as an example. The IPO was set at $65bln... and a few days after listing the stock is $125bln.
How can the market get the IPO valuation sooooooo wrong to the tune of $60bln lol!
Wow!
Hard to believe TheItalian now voicing his concerns re solg. Not so long a go he tore a strip off me for doing the same and even asked me to confirm how many shares I have!
I supposed concerns are only valid and appropriate if they come from him and other proper investors 😆
Spoke to Tufford on Tuesday. He said PFS is imminent however I don't buy it.
I have emailed Scott several times since AGM and have received no reply.
I am of the belief that BHP will not want SOLG to update the market with an attractive revised PFS and I also find it intriguing that Scott received BHP's support at the AGM. Has a process/outcome been agreed between us and BHP.
The market has no more idea about what's going on than we do, and is therefore not capable of reflecting anything other than the trades of small retail investors. We are all in the dark and will remain so until news appears.
Come on Colonel, of all things naive I am not.
For years SOLG's management has put us investors in a difficult position, and our options are now very limited.
The only way to make money with SOLG over the last 7 years has been trading the volatility, which has got nothing with investing and especially with an event-based investing strategy that many of us has been following, the event being a takeover, and it adds to the fundamental risks associated to the company.
It does not mean that an "event" is not possible, and in fact I still very much hope we have such breakthrough and that is why I am holding, but this looks more and more like a deep OTM binary option, which was not the intention when I invested here.
Good morning Italian, I broadly agree, we become an attractive proposition once we are up and running .
Hence a lower capex to get us there (PFS3).
Followed by the strategic review, and how we finance it.
As for colonel Drake his reply like all others is cuckoo.
Lots of nothing.
TheItalian,
Noront was 21 cents before they got a takeover appoach from BHP. That ended up at 110cents winning bid.
You are naive if you think the share price is an indicator of whether a bid is imminent or not unles you are suggesting SOLG is a leaky ship?
Quady, one thing I agree with at he moment, the price would not be so depressed if a takeover was even a remote possibility. If there is such a thing as the market pricing efficiently, it's pricing for SOLG not selling, leaving a chance that we finance the smaller project ourselves, leaving our hopes for a better investor return to much later.
For a company that is allegedly in its best position, the optics are remarkably showing exactly the opposite.
Good morning Italian.
I have also emailed him, with a couple of questions that I wanted to expand on.
That was before Christmas.
I haven't received a reply apart from what looks like a standard email, that thanks me for contacting him.
Haven't bothered to follow up.
I continue to wait for PFS3 and the strategic review.
However the event I believe will eventually move the share price in a positive direction, is when financing is finally put in place.
They probably realised they'd made a mistake and dispensed with his services. They need someone who's eloquent and super-bullish about the company. Therefore I nominate stackhigh.
Did anyone had any meaningful communications with Sean Tufford?
I emailed him last week, asked him some very specific questions, he came back all hyped up about SOLG but promising to answer factually this week and then disappeared.
Carbon as an element isn't the issue slug - no one is worried there are too diamonds or pencils. It's the infrared absorption that carbon dioxide (a compound) causes that's the issue. A larger proportion of Earth's radiation that should be able to leave the atmosphere is, instead, absorbed and re-radiated, hence the average global temperature rises (which, thank goodness, are tracked using millions of comparable data points annually, rather than the slug method of two).
If you don't understand the difference between an element and a compound (most 11 year olds do - it's year 7 science) I'm not sure you're ready to challenge scientific consensus... Maybe stick in your lane (driving a car that, magically, runs on water)
"We now get posters who crave the limelight posting utter sh*te just to stay looking important."
141 posts in the last 30 days from this halfwit.
Spot on 1984
Alhamad.
The problem is, there is nothing important that hasn't been discussed to the point of saturation.
Were now back discussing when and what difference the 3rd pfs will make.
We've now discussed 1, 2 and 3 to death.
Theres nothing left. But we still daily go over and over and over, same arguments, same hysteria.
We now get posters who crave the limelight posting utter sh*te just to stay looking important.
We've got new comers on here who have all the answers. Posting things like, the sp will move when we get news.
And are adamant to the point of hysteria that the pfs will come out next week.
They may be right. But if they had been here more than a fortnight they would know, it doesn't matter when it comes out. Nothing will change.
The likes of bbg and adikt are becoming more and more isolated with there see no wrong views.
Sp now in the 6s but will they consider they may be slightly wrong.
NO
That's not 'running on water', slug. An ice engine doesn't work without a healthy dose of Castrol but it doesn't 'run on lubricant'. Since the invention of the phrase 'runs on', the word that follows has always been the source of energy. 'runs on petrol', 'runs on chip fat', 'runs on battery'. So when you said 'runs on water' you were showing that you believed, until my intervention, that Toyota had invented an engine that runs on water 😂. And in line with the toxic masculinity that has causes you to lash out and talk about how big and scary you are each time you're embarrassed (so damn cute and predictable, btw 🥰) you can't admit you were duped so you've invented this ridiculous defense of 'i always knew it was battery or hydrogen powered', even though your original post was no doubt denigrating one of these two options. You can't have it both ways, pal (or either way in this case).
And that, slug, is checkmate again. Please don't hurt yourself little fella- I don't want that on my conscience.
How about us all discussing the important matter at hand ,
if change can happen , work together
Quady et al
Why do you bother to engage with 1984Investor. You all clearly disagree with the statements he makes. I accept that you are all entitled to a point of view, but this BB is titled SOLGOLD
Very little of last night’s commentary relates to Solgold as it enters, possibly, the mst important phase of its existence. The share has been on a steep downward trajectory since hitting 12p a few weeks ago and could well go below 6p in the next few trading days.
Then we have the matter of director Mather who has probably seen his personal fortune eroded substantially over the last few years, not helped by his belligerent attitude to BHP. Then you see him at the AGM spending most of his time on his mobile phone.
I now believe the only way out for small investors is for the share price to drop to 3/4 p. Hopefully this will encourage an auction amongst BHP and the other mining conglomerates to take our Tier 1 asset seriously. Not sure how much cash is left but at some time this year, if we are not bought out, we will have to raise more capital.
We certainly cannot afford to have a slow death with the share price dropping slowly over the next few months. This is probably what BH wants to happen. They will then pick up the Solgold carcass for pennies.
Meanwhile, please let us debate the survival/takeout of Solgold on this board and leave those subjects, upon which a number of you are determined to have the last laugh, to another forum
OMG Slug even you cannot be that unintelligent.
Climate is self adjusting throughout history.
It's the made made element it can't adjust for.
Any additional co2 added to the atmosphere last year takes between 300 to 1000 years to be absorbed in one of the various carbon syncing methods.
It's really not that hard to understand.
It's cumulative, and thus on an upward tragectory .
You keep going on about co2 used to be higher.
Yes but there was no human life on the planet.
When human life first started it was just under 200 parts per million.
Read the science, it's so persuasive.
But 2000ppm preceded a glacial age. So quite simply there is no link between increased CO2 and increased global temperature (whatever that is!)
If It’s 20C in Aberdeen and 30C in Plymouth is the global average temperature 25C? It’s bloody meaningless
Loads of “peer reviewed” studies exist. Just because peers review it doesn’t make a science
Settled. Science is always open to debate and challenge
Scrutinise this. If the 97% of a trace element that varies in concentration through the history f the earth can’t change its climate, how then can the 3% “man made” aspect of that same element cause the planet to “boil”?
It’s ridiculous! It’s the same bloody element!
My view will never collapse because I can see far behind this hoax to the agenda it is serving. Serfs like you will never think critically