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Med11, is this the number you got? 540/220*170/7=ÂŁ44.6 per share. My math is weak so could be wrong but if right, 1% of it will be a dream.
Copper price up over 40% in the years since we discovered it. Solg down 80% in that time. So, for the millionth time Red, stop banging on about the price of copper and gold as though it has any relevance here. Can I remind you, once more, that we don’t own any gold or copper. The Ecuadorean state do. All we have is a discovery, and the license to exploit it. Now if we were, say, to provide the market with a credible and funded plan to extract those resources, our SP might just start to rise. Further on, if we were to actually start extracting the stuff, then you might want to start paying attention to those metal prices you’re so fond of. Until then, please, can you just stop it? All you’re doing is adding to the frustration here. We all know what we’ve discovered. What we need is a clear strategy to benefit from it. Which, to date, has not been forthcoming.
Thanks Red- very important info we otherwise wouldn't be able to find. Good input. Any update on the price of crude oil? Or the GBP-EUR rate? Try as I might I can't find this stuff anywhere ..
Copper up 2% since yesterday am
And 6% since 18 January...9 trading days...
Needs to break big resistance at c%3.95 then c$4.10...
Wow, the bashers and shorters must be really bricking it.
Those shorters have made a tonne more money than we have over the last 12 months
You're right, bbg: look at it soar!
Feeling sad for the bashers and shorters
Without any adjustments, the equivalent SP for Solg should be...well, thats too too large a number.
My previous post shows the date from the OFFICIAL FCA disclosures - 14/3/23.
www.fca.org.uk/publication/data/short-positions-daily-update.xlsx
Of course that could be the date XIB went below reportable threshold, and didn't fully close until recently (unlikely imv).
I guess we'll never know as the date on closure not confirmed as reporting info was delayed.
mmm... nothing transparent with SOLG these days and whoever had that short was being as opaque as possible.
Probably when we had a bounce 27-28 December?
Aha! Great spot...I wonder if they closed gtheir position between December 19 and January 12th...?
The next raise is going to be a blood bath, and particularly painful for those who've convinced themselves it's a long way away. This is reason number 17 (truth be told I've lost count) why no one has initiated any CA.
All those 'I topped up' parrots who've been on here for weeks, ignoring warnings, will suddenly be left overexposed and unable to act. Then they'll cry foul and claim it could never have been foreseen...
Rampers gonna ramp.
@triumph1 be careful or ByronBayGold will be adding you to their list of paid derampers - as I was. You’re not allowed to post anything negative in their book you see.
But clearly you’re absolutely right about needing monetisation here. Years overdue imv !
Bought a few more last Friday at around 7.6p - apologies for doing so, as the price has inevitably fallen.
Well that's certainly good news or bad news ... depends on how you look at it! Bad news as in we do not have a 15m share buyer as if the short is closed, they no longer need to buy back. The good news is that clearly it was a hedge or related party action imho as they closed the short out as soon as CGP merger had completed and CFO and CEO appointed. Give or take a week.
Very sloppy for them to to notify the market and they should be fined imho. What's the point of disclosure regs if some just bypass it or ignore it.
Just over 2 weeks now till Scott delivers his PFS and the market is giving him a very strong thumbs down right now.
MD&A out soon too so should get a read on cash pile burn albeit some weeks behind.
And to top it all, PIs have given Scott The Rocks Caldwell a mandate to carry on as before! Consequently, I expect more of the same here. Next news is raise for "working capital".
I'm pretty sure they now feel they closed that out far too soon.. it was 17 pence then... 17p seems like a very distant memory now..
It certainly looks that way based on their removal from reported short positions by LSE
Checked FCA daily short positions and new entry for XIB - looks like they closed on 14th March 2023?!
Were they just VERY late in reporting it?
Blimey, gone for a few months and this is what happens. What have you guys been doing here.
Or is it what the company hasnt been doing here.
Some of the commentary never changes. We have X billions in the ground ect ect. The market wouldnt care if SOLG had x trillions, if there is no plan to monetise then who cares anymore.
Mr market needs to see some monetisation trigger. Its about time SOLG make something of this.
Red, the somewhat obvious answer and explanation for your incredulity is contained in your first sentence.
“will commence mining this quarter”
It’s the difference between a miner and an explorer, it’s the valuation difference between precious metals and a load of soil, it’s the difference between a clearly viable and funded mine and a mountain in the jungle, and it really is investing 101.
For the umpteenth time.
Have they closed their short?
Wow this just continues to slide. Be in the 6's soon