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Sorry Bozi, You are asking us to rally around the capt on what appears to be HMS Titanic after it hit the iceberg?! I would rally around a Nelson who clearly Scott The Rocks Caldwell isn't. I celebrate winners which doesn't apply to our current ceo.
ToS - we're all in the same boat. You aren't alone by any stretch. The SP has traded between 10 and 45p for the last 5 years and that has led to a lot of investors averaging up or averaging down. As such, those with a single digit average will be in the envious minority.
I completely share your ire with the 120p shout but we have to look at who is making that call. That particular poster has ruffled no shortage of shareholders in recent weeks with their brazen ramping and inability to discuss the company and all of its risks and opportunities.
We all embittered though, and incredibly jaded. Don't think differently for a second just because I'm trying to look forward with a glimmer of hope, and that's all it is by the way. Hope that a generational asset can come through in a market where new discoveries aren't keeping up with demand.
It's darkest before the dawn and all that.
A trades are, as you say, automated.
They are small value trades placed by an algorithm which controls the SP.
The trading pattern on this share is , as far as I can find, unique.
The proof was on 27/12 when the a trades stopped for a day and the SP jumped.
Bozi
Can’t disagree with much of your post, to be fair. Save for the fact you state I’m bearish on Solg. Embittered, jaded, yes, but at Sub 8p, given the value of the resource, I regard it as a great investment, albeit a risky one. Sadly my average is around the 20p Mark, so I’ve a way to go to break even. But daft £1.20 suggestions do get my goat.
Eloro - it may or may not move the dial. So what?
The company can only do what it says it will do, which for this Q is to release the phased PFS. Whether it moves the dial or not will depend on whether investors think it makes the project more attractive to a suitor.
One thing is for sure, there are a number of people working this hard, so much so that discussing SolGold has become absolutely tribalistic. On the bull side you've got BBG and on the bear side you've got Eloro, Orthern and ToS1963.
Nobody seems to be discussing the story in the context of the SP, just bleating about it being so low. But one incontrovertible fact remains, and that is that SOLG is a much better value buy now at a £220m cap than it was at £500/600/700m.
So do folks who claim to hold want to rally round this management in the hope they can achieve what we all want, or do we want to just sit here all day firing clever quips to make ourselves feel better?
When sentiment turns it'll be hilarious. You'll all be falling over each other to state your bull cases and advertise what superb investors you are.
Some of us will remember...
And auto bots, as you insist on calling them, are merely Automated Tradig Systems, algorithm based, used by traders. Each automatic trade still represents shares, and an auto buy or sell has exactly the same impact on the SP as a manual trade. Complaining about automatic trades is the modern day equivalent to complaining about trades that don’t involve paper certificates changing hands. A trade is a trade. Get over it.
Hi Bozi, May I remind you that Noah did not start building the ark 1 day before the flood came.
It is not unreasonable to expect things to start picking up given that we only have 2 months of Q1 left.
I can just imagine the cataclysm which will follow should the phased plan turn out not to move the dial, or even worse, will require yet another version spin to make it acceptable to the interested parties!
You can either believe Red, or alternatively, DYOR by simply clicking on the Solg Trades button above, and scroll down, to see if what he says is true.
Look very carefully...nobody is selling...
Price driven daily by Autobots...
Keep Pumping Red.... Hows that T20 looking?
Interest rates will settle at a long term 3%...
Meanwhile...
https://www.mining-journal.com/base-metals/news/1460027/china-double-ecuador-copper
BBG if I checked in there weekly over the past 5 years, I’d have checked in 260 times, and seen my investment shrink by 80%.
But clearly, as I have an alternative view of this debacle to you, I cannot be invested.
Fantastic Orthern, a project plan I remember well. So by now we should have constructed the mine, and be commissioning it...... hmmm. Funny how that plan has disappeared from the presentations of late......
Orthern, no denying that. The board completely lost sight of its core competences and tried to pursue an unattainable dream. And Mather's hubris didn't help.
Rapid development timetable….
The phrase be patient would be a lot more palatable, and the SP more robust if this company stopped continually promising and publishing deadlines and key milestone deliverables which it subsequently not only fails to meet, but regularly just then either ignores, or pretends never existed, in the hope that the market would forget. The market never forgets which is why we’re sub 8p and falling.
P21 of this presentation pdf is a good illustration of how we have been mismanaged over the years
https://www.rns-pdf.londonstockexchange.com/rns/0703F_1-2020-3-5.pdf
But all of a sudden, a £1.20 sale price is nailed on. Some great investing advice for the newbies there.
Https://www.rns-pdf.londonstockexchange.com/rns/8119N_1-2020-5-22.pdf
Love this bit
these studies are scheduled for completion by the end of 2020 for the PFS and early 2021 for the DFS.
Nothing personal about it Wildtiger. Just that you stated "Be Patient guys" and "It's a no brainer".
What did you base those two comments and promises upon?
No problem with you being flexible and changing your mind like the wind or based on your short term trading...
4 days have past and you've gone from no brainer, to be patient, to ... bailing out and then citing 4p as next possible level.
I think you can see why folk on here might not take your posts too seriously!
ATB Tiger... you are a trader and as we know... traders get it wrong more times than they get it right. And that's a fact based on IG and other spread betters data. In fact traders on the whole (retail) get 1 call in 3 correct and the rest wrong leaving them nursing a 70% loss in most cases.
There is no quote here Add, you can’t take anything posted by BBG seriously.. it’s just desperate ramping.. totally laughable… he has got worse than Redknight recently.
Whatever the results of the updated PFS will be, even if it’s great news, it probably won’t get us any higher than 15p.. certainly no higher than the 17p Jianxi paid.
The spike over Christmas, based on nothing and small volumes, was almost certainly just private investors with too much time on their hands. So we have slid back to where we were.. and will slowly slide again, once the PFS has been digested if it is not closely followed by further developments.
In his sleep I would imagine.
Eloro - we are three weeks into Q1.
BBG, where did this quote come from?