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13.557 million final figure per London Stock Exchange...
Better …
Anyone buying on open market would have declare each percent over 3 so it’d be impossible to creep far without being spotted. Unless they pay others to accumulate
The solution is simple. To prevent it, don’t sell your shares
Ah, Blackrock again, with their
Very strong into the close!
PLEASSEEEEE
BHP has proxy's that will try and help them seek control!!!!!
Its been mentioned previously in RNS's by our board as a BEWARE of the grubs being BHP and Blackrock
BBG - but we know that has not been (materially) happening for BHP and NCM - i.e. no TR-1s.
They have actually been diluted compared to previous years.
We have lagged....
Bozi, I don't blame NM for not selling. He was the CEO and I was just an investor, he made his decisions and I made mine.
But I exchanged opinions with him at the time and I know that we could have sold at levels I was happy with at that time (imagine now!).
I have no issue with trying to maximize shareholder returns of course, but one needs to be able to support it with the sufficient leverage, which we have strategically and tactically lagging, and that is why I think greed and hubris may have created an avoidable damage to investors.
You don't need to agree, that's fine, I am just explaining my angle.
Could see approaching 15m with a few late reported trades
This process involves the acquiring company purchasing the target company's shares on the open market little by little. Through this method, the shares are purchased at the current market price, thus removing the need to pay very high premiums.
TheItalian - how are you blaming Mather for you not selling in 2017? It was a simple case of riding the discovery euphoria or believing in the long term strategy.
It just so happens that the long term strategy has become unfeasible due to funding challenges and also a lack of shareholder appetite to become a Latam major mining company.
I didn't sell either by the way but that's nobody's fault but my own.
You can't very well go retrospectively analysing any decision that you did or didn't make. Shares go up and shares go down. We'd all love the power of hindsight or better still an almanac of major metal discoveries between now and 2050.
Similarly, we can't guarantee that the company will sell the asset for a higher valuation.
But you can't go through life worrying about ruffling feathers or pushing our luck. It's a lack of ambition in recent years that has helped put us in this position, a lack of appetite from investors and other stakeholders to see the job through.
Incroyable....
However...290 of the last 326 (90%) trades are Autotrades...
Fascinating and disturbing...
Maybe Bob has unleashed the Terminator Bots...
And maybe things are coming to the boil building up to the first bid, now Scott has said PFS3 EARLY in Q1...
Heres hoping...
"Into the 6's today and post AGM next wed 3's"
Not once in the bird brains history has it called something right.
:)
He certainly does, Red! Switched on that Italian! LOL!
And now it seems the FLOOD GATES have opened in the reverse to what we have experienced these past few months? Just look at that buying!!!!!
Are going to be kicking themselves, they missed out on the 7p shares , ??
You make a lot of good points Italian.
Wake me up when we are 45p
Delicious
Also, the TA followers out there will not have missed that purposeful 'gap fill' today after the opening.
I'm beginning to think that one of Maxit's buddies is coming to the rescue to steady the ship. Kind of them to wait until 7p lol! Can't blame though..
All assumptions as is life on SOLG these days.
Looks like they have tried to push it below the 7p, but strong support at that level, well done to all those that have picked some up in the 7p range, Bargain!!!!
Seller cleared??
What I find more interesting is that whenever there is clearly some fund or II action going on (larger block trades) the same seems to happen over on TSX.
It's like the same party involved... on LSE and TSX.
Can't hold onto concessions doing nothing forever.
Some should have been JVd or spun out to progress.
Yes NM and others may want to keep as long as possible or keep for a 'full SOLG' sale. However, who is going to pay a premium for unexplored concessions? Arguably very few, highlighted by the lack of progress during the grassroots JV/sale process a few years ago.
Fortissimo - not sure I agree with "covid and the woes that followed the mining sector" point.
There was actually a decent commodity/mining 'bubble' mid-2020/2021.
Look at the increases in GDXJ over that period - above pre-covid levels.
Also coincided with a period of super-cheap money. Indeed, some posters were highlighting SOLG needed to fund/monetise in that window. Rather than dither. Then Ukraine/inflation, then Ecuador political issues, and we're now here.
8.5m traded