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RK, a lot more shares.
I stand corrected 1984.
Thank you for highlighting.
Spot on Add
Have a good weekend
Silver made a 3 year high and copper a 21 month high earlier today...
Last time copper was at that level SOLG was 35p...
What's changed...?
Whatever this means, he wouldn't have spent his money if things were looking dodgy, no matter how trivial the sum involved.
17.5 Canadian cents 🙄
Kat2008.
Could it just be a free carry an option he was given for a reward? Loyalty to the company?
Doing a grand job...
They are issued at 17.5p
SolGold plc (LSE & TSX: SOLG) has received notification on 11 April 2024 from Christopher Stackhouse, Chief Financial Officer of the Company, that on 11 April 2024 he had acquired 115,000 Ordinary Shares of £0.01 each in the Company at a price of CAD0.175 per Ordinary Share of £0.01 each in the Company for the total consideration of CAD20,125. Following this acquisition, Christopher Stackhouse holds 215,000 Ordinary Shares of £0.01 each in the Company representing 0.01% of the issued share capital of the Company.
Ridiculous...
Gold at an all time high...
COPX at a 12 year high...
GDX close to a 2 year high...
GDXJ has made a 2 year high...
And SOLG cant even make a 3 month high...
Mark my words...THIS IS A COILED SPRING....
Either ....
1) Something is on the way re funding, and the rules have not been broken.
2) Something is on the way re funding, and the rules have been broken.
3) Nothing is on the way re funding.
1) Quite possible, as we are not privy to what has been arranged, nor are we experts on such legal matters ( please step forward and identify yourself if you are an expert )
2) Possible, but why?. He could be really stupid, reckless or badly advised. He could be deliberately doing this to vandalise the SP by sowing bad news. Even we could see that this would be counterproductive to our personal circumstances, if we were he, so seems unlikely.
3) As above, he should understand the message that this would send, so he is either suicidal, or a vandal. I could be deeply cynical and spin some conspiracy theory to narrate a deliberate act of SOLG destruction ( the timing, just as we approach a critical period when the funds run out, plus the tiny amount of the share dealing in question - a few thousand pounds, and pointless, on the surface of it ) beyond dumb, only an act of deliberate sabotage would explain this.
So....... If you are a pessimist, it looks like an act of sabotage, stupidity, etc..... You can spin it that they are out to spike our guns, destroy the company, then allow a predator to swoop in and snatch it from us for nothing.
Or....... The optimist view, that all is fine and we are home and dry, just ticking all the boxes, and Stackhouse is already counting his loot in public. A message that all is hunky-dory. Although, to be fair, unless someone with better understanding than I comes in and explains exactly how this purchase, at this time, is fair, legal and indicative of a done deal, I stand skeptical.
I reckon it's a message to the market, but I can't honestly grok it.
I suspect that the reality is that none of us know, so we all have to just hold on for dear life and ride the rollercoaster for a bit longer.
Calm down lad ..
It's the weekend.
For the umpteenth time, they are not in a close period
Close not closed
Stackhouse is an “insider” and it would be a criminal offence to trade in shares of SOLG if he was aware of unpublished price sensitive information. I assume therefore that there is nothing imminent.
Imo .. you can buy in a closed period.
But how long do they need to hold them, before being able to sell again...
That is the question ⁉️
Bring on next week , it's building up lovely .
Gla
I guess if a bid were to land “out of the blue” he could argue he had no prior knowledge?
And I believe fundraising doesnt create a closed period...
So is news imminent...?
As someone said...this will go pop when the cash position is secured...the only thing holding the SP back IMO with gold now $700 above the PFS assumption.
That increase alone is worth 7p a share...
Probably contains lead too, for his pencil 😉
Spot on Fort👍
You hit the nail on the head.
CMG, not saying the board is pulling the wool. Lots of folks here thought that the long radio silence implied that a deal was being worked on. So, either there is no deal and the CFO can buy, or, the deal has already been completed. However, that is unlikely because he would not be allowed to buy until the news is released via an rns. So, I take this rns as a sign that there is no deal imminent.
Indeed, but the idea we're not in fund raising discussions seems unbelievable. In fact I don't believe it.
Hi BBG...
I know it's not copper but I have a big holding in 1SN which owns an imminent Tin mine in Germany and one that is coming soon in Australia...
Ingo and Nick are on the Board and like Copper, Tin has broken out sharply.
It's in every electronic device because it is a core component of solder.
Worth doing the research. Thin market but I own 700,000.
It debuted 2 years ago at 30p plus and I expect it to outperform even SOLG over the next couple of years.
Please DYOR.
ATB
Until finance is announced, they are ALL IN a closed period.
Doesn't matter whether CFO is a director or not, he's still subject to the usual PDMR's hence the RNS.
For the main man behind finance (eg he's the feckin CFO) to buy SOLG shares in open market suggests that there is no cash raise coming for at least 21days+. not sure on TSX rules, but might even be 30 days+.
NAL, Fort is a good old boy👍
It's Lord Braggart who posts war and peace replete with boasts about how many shares he and his wife has. I saw him boasting that they now have 3M share on the other BB. Now, that is a tedious tome to read😆
Eloro
Are you suggesting the board, are trying to pull the wool over investors eyes.
I see it as confidence in the company, and expect a few more of the board taking up options.
Still plenty time for news on funding. Imo
Add, this BB is replete with Muppets 😆 Surely it must be obvious that if an insider is buying, it can be deduced that there is no bid, no black out, or lock out period due to imminent corporate action!! The mind boggles. Like Ripley asked, has IQ fallen since I have been away?
Rockerfella he isnt
Redknight...
Was was it you said the other day about me, when I suggested in-house options being bought. Lol