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Yesterday when I took a brief look a huge chunk of the trades were A trades.
The board today is frothy even by its own ludicrous standards. We are up around 50% from 7p, which from memory was about 2/3 weeks ago. Best advice is to ignore the rampers (Red, BBG) who are totally clueless, and the derampers/trolls (Stackhigh, NAL) and wait for some news that will hopefully give us an idea as to what, if anything, is happening behind the scenes.
Better times ahead, we hope.
When he's not failing to ramp with ellipses, Red's reminding us that he doesn't understand how trades are reported. I've explained it to him at least twice before. It's not that hard to understand: even slug once agreed that my explanation was clear, and he can barely operate a keyboard!
45 of the last 57 trades...infuriating...
Bah humbug!
Welcome back Schlemiel
Bought some at around 9p though been in and out of SOLG for yonks....Middlekoop seems pepped up and eyeing a corporate event of some sort
"Holding above 11.20...new support level...?
12.50 then 14 next targets..."
This aged well. Do you think red get paid by the ellipsis?
Well they have 160m shares already or 6% ish at an average close to 18p. It would be win win for them should they stick a bid in at 40p and then get beaten by BHP with 55p+ offer. They would make a cool 200% profit. But of course that's not quite the same scale as profits they would make from owning Alpala assuming it developed in risky savvy phases.
I thought the ecuadorian 'leak' a while back was a good indicator of where they think Cascabel is heading as they practically said they had signed it over to the chinese lol! Well... not quite... but Chinese are at the high table and very influential in Ecuador. Noboa would look very good if he signed a deal on a multi billion dollar mining investment in his short tenure. Something has to give as this can't drag on another year surely!?
As does Warren and Bob
Willem expecting a purchase by our Chinese friends.
Fort,
They didn't do extensive exploration this year because they are not going to raise capital at todays SP.... Its as simple as that!
BHP doesn't want us realising further value by doing exploration elsewhere so it would make sense for them to push the SP low .
BHP wants the board to be diluted to oblivion.
Ever heard of share price manipulation? Please don't tell me either that it doesnt exist or BHP wouldnt do that because they are so big. They are big for a reason.
Keep "Them" on track, Fort! Let's not run away with the dream. I popped in for any relevant news but, alas. I guess this will only happen in the New Year! GLA!
BBG, as you know... I trust the asset... but not the management team. Fortunately, the asset is so fantastic that it means the latter can't even mess it up... even though they seem to be doing their best lol!
It's all about the asset. The idea of doing exploration again is appealing based on our assets/licence blocks and would certainly have helped this year filling the news voids.
I actually found the RNS's pre AGM very exciting which begs the question why Scott has done nothing with them for 12 months+ It only takes a minor $5m to $10m cash raise to see 20 holes+ drilled.
Fort,
Last 10 years are a pretty good example of being a bloody good explorer.
We have defined one, possibly two major projects.
Alpala most advanced and we are nearing the 11th hour with regards to how we will commence developing it.
My bet is that NM, Scott, Bob, and Citi are all aligned and have a plan.
I trust the experts
Holding above 11.20...new support level...?
12.50 then 14 next targets...
Buying stops, profit taking starts, idiots here go quiet. It's a dance as old as time. All the attempts at inducing FOMO are quickly buried in new claptrap and slug saying stupid, demonstrably false nonsense
Total respect Talatum. Thanks for being here.
BBG, I know you are super supportive of current management but come on... the last few RNS's pre AGM were 1 to 2 years old. The exploration assays or rock chip samples were done when Darryl was CEO. Why it took Scott so long to issue them is a question itself. Scott told the markets that SOLG were not doing any exploration. You know this.
As for Turnkey, not all red tape has been signed as yet but agreed a significant part has now been signed. But I'm afraid, no project that involves blockcave mining can be 'turnkey' without delivering the data required to demonstrate feasibility such as mine shaft/elevator shaft tests and so on. They take about 2 years to sort out. After that... then you might be able to use the term 'Turnkey'.
Fort,
You say we're not an explorer however there has been exploration work this calendar year. The last few RNS' confirm this.
You say that we're not a developer however we have created a turnkey project which has received all the necessary approvals that a developer would need to secure.
Also worth highlighting that we own 100% ENSA compared to years passed where we had a disjointed 85% stake. Yes, 800m shares have been issused since, but 15% ENSA is worth a sizable wedge by itself. So just shows how ridiculously low the 7p level was. Management need to start 2024 with an objective on setting things straight so the market understands the SOLG story and that includes exploration plans etc etc. As without exploration... SOLG is not an explorer. We're not a developer for sure. So what are we? We need to move a taxi off the rank and the sooner the better. Then the market will believe.
SP reached 41p on last PFS. On a dilution basis that's around 30p now but as mentioned above you need to account for the 15% ENSA gained too. So prob more like 35p target based on previous share trading patterns. But of course... different market right now although ironically... Gold price at all time highs and PM's in general in high demand. Get your head around that one then!?
Agreed Shipright, at least its comforting to know that when this blows this blows
I think it's more down to the reduction in tax selling or larger shareholders being cleared. The irony in these markets is that buyers appear interested now at 11p levels but were disinterested when we were at 7p levels. Mind boggling.
As you say, volume does seem robust for this time of year. Usually you'd expect weak trading between xmas and and new years as most away from trading desks etc.
There is PFS news due anytime between Jan 2nd and Feb 15th. Guaranteed by Scott.
So traders/buyers might fancy getting involved early doors and riding the potential upward curve into that news event.
Personally, I don't think the PFS news will be anything special but it does act as a catalyst for those in the data room to get a little more nervy as more potential partners can enter the ring with lower capex budgets.
The person who switches the algorithm to hold the price down is still on holiday in Bali untill next Tuesday
Average trade size is much bigger today, perhaps yesterdays move has given people a little confidence to re/invest.
"What kind of person aspires to a new skoda or Kia or for that matter an ugly golf cart jelly mould like a Tesla?"
1984 investor, Not everyone on this board is well to do. Aspirations are limited by ones current financial position which limits what is invested in Solgold and the likely riches.
Roxi how long before the xib short would close out, today or tomorrow at the latest?