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Silver is breaking out...at last...gold being pegged but can't be long, just needs to bust through $2008...copper may have already done so...
No need to apologise ship!
Sorry to be thick but can you translate that please?
From the UPS thread ........
"KEEP an EYE" already as a "UPS"
SOLD 8.72p
Had the retracement and have now been moving around the bottom for the last 3 days. Gold price is holding strong, up today at over $2,000.
5 days chart ... https://uk.advfn.com/p.php?pid=legacyintra&epic=SOLG&type=1&size=2&period=d&freq=1&ind_type1=0&ind1_1=&ind2_1=&olx_1=&scheme=&delay_indices=1%20thums%20up%20%3Cimg%20src=
RK, your 11.21 post. Totally agree.
Cheers Add,
Warren previously indicated that he expected a sale within 6 months, which put the date to end of Q1/24. Be interesting to know if he still believes that time line is achievable.
Hi Add
Thanks ….. got something similar a couple of days back
A reply from Warren to an email I sent this morning:
'I think it was time for both of them to leave the board. Scott is doing a very good job from what I can see. If we lose him, I have no idea who would replace him. Not many people want to live in Ecuador.
I think there are lots of people who want this asset. The issue is no one wants to move first and get topped and look bad.
At some point somebody will move, the asset is too good and Ecuador is becoming one of the better South American jurisdictions'.
p.s to save you the bother of posting your opinion on this, NAL, I won't read it and I couldn't give a toss if you believe me or not.
Infestors are an annoyance but can be ignored by genuine investors.
It is Mr redknight's authorative, 'holier than thou' posts that grate. Worsened over the last 12 months, often factually wrong or making giant assumptions.
All the while he's trading to his benefit.
Go easy on Red guys,
I would much rather read his posts than those posted by NAL.
Red, I have to keep a sense of humour looking at the current SP. I haven't had the courage to tell my wife how badly our solg investment is going after I previously persuaded her that it was a good bet because they already found a resource. Fortunately we have a comfortable sofa:)
“Its worth reading them just for the smile they bring”
Whatever floats your boat I guess
There have been so many of his Partridge like proclamations over the years.... its difficult to choose a favourite.
Its worth reading them just for the smile they bring
Reds ridicule is brought on by himself... I see him as an Alan Partridge type figure.. wrapped up in a Walter Mitty mindset.
Anyone who has been on this board for a few years will have become used to his many ludicrous posts...
My personal favourite, was his claim that his 'inside contact' told him personally that Solgold had just drilled the greatest drill hole in South American mining history.... and it was going to blow everyone away... then he surmised they deliberately had not released the drill results for it, as Solgold were probably holding it back as clever form of 'bid defence' for when BHP announce their buyout intentions.... at £1.50 -£2 obviously...
That for me was his piest de resistance!! brilliant stuff!!
'Back of the net'
All good thanks DBW
Hi Pad …. Precisely
Hope all good
Redknight seems to be the target of sustained abuse - rather unfair IMHO.
I can think of several, snivelling infestors who are more befitting of being challenged for their constant sniping and wilful disruption. Ban the lot of them I say.
More garbage...
"The SP had lost only £45 million under Scott's leadership until Berry Street dumped"
Erm, Mr GFD, 16.5p > c10p is c£200m.
If these are your "credible", "authoritative" posts, I wouldn't want to see your thick ones.
We all are running low on patience as we seem to be in a form of limbo.
No one doubts the asset but the share price leaves me down 6 figures and no doubt others more.
I don't see the SP recovering until we have a viable PFS and even then with no drilling we will still be a shell.
It is hard to hold faith when so much value destruction has taken place. If we had a clear plan that was communicated in a way that restored faith I could vote for SC. What I struggle with is all the bravado a year ago and the spend and we seem no further forward.
A change in management comes with significant risk but no change and we could be still no further forward in Dec '24.
As both SC and BS are balls deep they are aligned but there is a complete lack of execution here, at least in terms of expectations that were set and visible progress.
Clarity was needed long ago. SC/BS need to throw us a lifeline or I struggle to see how I can vote for them. It's a bit of a catch 22 but no one rewards failure.
Also the 20 ppl in the data room, I assume that is verified by Nomad? That's the only thing keeping me sane.
"I think the market can see how desperate we are...."
Wheres the evidence?
SP trading between 8p and 10p in the 37 days since Berry Street completed their share dump...
Being jogged up and down daily by Autobots between 8.4 and 9.2 on daily volume of c2.8 million (i.e. c£250k) for the last 14 trading days...
The market either hasn't noticed us or has bought all it wants or sold all it wants and is waiting...just waiting...
We are ripe for a spike if something good breaks,,,or a slump if the Board is voted out...
More garbage from Mr redknight...
"Darryl was here for exactly a year and between April 2022 and his departure he presided over £700 million destruction of shareholder value, £600 million of which can be directly attributed to the catastrophic attempted cash raise and its aftermath with two highly competent Directors as collateral damage... "
During Darryl's tenure (Nov'21 - Nov'22), SP fell c37%, c£250m of shareholder value.
For comparison, under Scott (Nov'22-now) SP has fallen c50%, c£250m of shareholder value*
(* due to 3bn rather than 2.3bn shares)
Even if we cherry pick dates, as redknight has, from a 40p high in Apr'22 to Darryl's departure in Nov'22, it is max £500m.
I expect more from a GFD and CEO etc.....
At least you haven't lost your sense of humour Eloro...I really hope this comes good if only fdor you...
And KapilD please stop repeating the trope that we will need cash "in a few months"
Its November
Cash burn is $1m a month
We had $22.9 million at the end of September...you can do the maths...
And we could do a streaming deal, say 0.5% for $50 million if we wanted...
How long before the prospective bidders realise we can tough this out until their nerve breaks or do a streaming deal that will poss them off the way it did BHP and NCM with the FNV deal...
Unless of course everybody on here combines to help unseat the Board...thenwatch the SP fall as we become cannon fodder...
I bet red would take 15p, he’d be able to afford a decent merc again
Red,
I am saying that I haven't got a lot left to lose should the SP falls to 0p. I have pretty much been put on life support when the SP fell from 40p to 7p. 8p to 0p would be a mercy. Turning off life support so that I can pass gently into that long good night:)
I think the market can see how desperate we are. They will see it even clearer in a few months when we need more cash.
KapilD it may well be that is already part of the Strategic Review. After all the company is already structured to do that.
But we still need someobody to bid an acceptable price, unless you are one of those who would gladly take 15/20p a share....?
Or even 0p in Eloro's case...