Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Its a very simple equation...
This won't go up until people start buying...and/or the short closes...
But it WILL go down if the Board/CEO are voted out...just watch...
An extract from this article...
https://seekingalpha.com/news/4042935-copper-drops-as-dollar-strengthens-panama-mine-suspended?mailingid=33572568&messageid=2900&serial=33572568.3092&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=33572568.3092
"Research shows that individual investors collectively underperform the market, because their decisions are often driven by emotions."
Do you mean SOLG , or Solgold share price , that's a big difference. Patience required.
Down might be seen as a bit of a negative.
Just my opinion
🗣️💩 again
40% AT today and of that 7.6% was uncrossing trades
Relentless incorrect rubbish from the silly old man
Massive kn*b, starting on me now are you?
My post didn't state much agreed, but it makes more sense than you constantly having your lover's tiff and ruining the board.
Don't worry, you needn't bother trying to hassle me like you do Novice, because I won't be reading your utter tripe.
Filtered, for the obsessed lunatic that you are.
70% Autotrades today...shocking and pointless...
Out of c£250k of trades they account for less than half the value...and less than some people hold on here...
But the simple fact is that even though theres minimal PI/Institutional selling, theres no buying either...
As I said...one trade of 829k shares by a PI a few days ago, triggered a 10% rise in the shares in minutes...
Just think what a determined institution could do...but there no liquidity...
When you have 62 people filtered you have to ask yourself if you are 'reading the room' correctly.
redknight's posts recently have been ridiculous, often factually-incorrect, and bordering on worrying. I hope if this comes good he can get the care and attention he needs.
I'm no longer interested in seeing the self-obsessed garbage he posts. Filtered.
Exactly what it is....orchestrated, RK! Low volume makes it even more plausible - no need to notify as it wouldn't even dent their stake...who is it!
50% AT and 50% not
He’s wrong again. Literally everything he posts is incorrect. Wouldn’t want him on my pub quiz team he’s as much use as a concrete parachute (not to mention just as boring as Quady)
Unfortunately gold (down 6% today)
Copper down 3%
Silver down 6%
Have all been hammered down this afternoon...
Easy picking for Autobots when theres no buying...
Just a reminder for those who may be mindlessly haranguing me...I hve 62 people filtered...
I CAN'T HEAR YOU...
Heartbreaking ARAOK...but look at the p***poor volume...mainly Autotrades...
Would it be the same braggart who used to boast about owning a Mercedes AMG but had to chop it in for some jap c.rap family runabout such are his losses?
Price to the close - is there another polite word for decimated. They can't even issue a speeding ticket....come on (shouting aloud)!
Cheers Mrprt
Braggart: A person who boasts about their achievements or possessions.
Now I wonder, who is it on this BB who boasts incessantly about their solg share holding, their wife's share holding, and the lofty positions they once held in the world?
An entire header ? Really?
Idiot
Thats a very fair post Eish and the most relevant fact is that gold has almost no inherent value, although it is often used as a counter or support to currencies.
I think its beyond doubt that there is an inverse correlation between the POG and the dollar.
But nevertheless, as stats show, tyhe demand for gold, in the last few years especially by Sovereign countries, has outweighed the supply, mainly because the majors have lazily or complacently largely not bothered to replenish their reserves as they rapidly deplete.
It is reliably estimated that there is only 16 years gold left. That number will drop rapidly if the dollar collapses as China holds sway against the FED Balance sheet (which has gone from 9 trillion to 30 trillion since 2008...)
And then theres copper...
"A copper deficit is set to inundate global markets — and one analyst predicts the shortfall could potentially extend throughout the rest of the decade."
So what will happen?
What always happens eventually is that the majors buy up Junior Miners which have done all the hard slog to identify, drill and prove up new resources, but in many cases do not has the wherewithal to build and mine them. (Sound familiar...?)
We are coming to the end of one of the longest Bear Markets in Junior Mining in history (since 2010)...but Junior Miners indexes are rising sharply and M&A activity is starting to pick up...
So the bad news is that SOLG has been on the end of:
A 13 year Bear Market;
A Bear market in metals and minerals
The highest inflation for 33 years
Darryl's disatrous failed cash raise and
Berry Street's forced liquidation.
The good news is that Scott has slashed cash burn and we have plenty to survive
PFS3 is on the horizon
There are 20 companies in the data room
FIVE have done comprehensive site visits and at least one was "excited by what they saw..."
And gold, copper, silver, Junior Miners and especially gold miners have broken out into the start of a new bull market...just at the right time for any bidders to be sharpening their pencils.
We may have lost out by the incompetent mess in completeing the merger (NOT Scott's fault) and gthe other negative factors, but meanwhile the value of our resource has increased by tens of billions...
I didn't think it would come round quite this quick and I suspect I've gone too early, but it all helps to bring the average down, I suppose.
Come on SOLG, throw us a bone, else this is looking at 6's by the time the AGM comes round.
Jesus! Give it a rest you silly old twit
Sorry that should have been:
"The Porvenir (Cacharposa) resource was announced on 15 December 2021..." otherwise it doesn't make sense, so...
he Porvenir (Cacharposa) resource was announced on 15 December (as you saw earleir, 2.18m ounces of gold and 1.68m tonnes of copper. The vgross alue then was over $20 billion.
The SP rose 16% but 6 weeks later it was even lower...at todays price we would have topped out at 9.5p, which is what we hit briefly last week...
And the bottom line is this...
Whether we like each other or not, we are all in this together. We are a sort of club.
Anyone on here posting and not holding shares is either a deramper or a spoiler or a fool or a shorter or looking to get back in cheaper.
It is a sad element of modern society that so many people blame other people when things go wrong, rather than acknowledge the mistakes and errors of judgement that they themselves have made.
I don't know what proportion of posters on here are men, but of those who are, how many have wives/partners who have no idea what your exposure is and/or how much on paper you have lost?
There were people who invested their entire pensions in SXX, frankly through greed and/or stupidity. They probably got a tip from a friend or got caught up in the hysteria.
How many of them did even any research which would have told them not to buy in the first place, or at worst to dump them and accept a loss when the writing was on the wall.
So to all those that have been on this ride as long as I have...and even longer in some cases, such as Quady, it has been an extraordinary saga, but it is coming to a climax.
I wish you all well...its been a hard and painful road...this has been an exceptional opportunity that was trashed by the inept management of Darryl, not Scott.
And if you continue to hold I look forward to celebrating our extraordinary success.
And for those who are angry or want to continue to trash the company or Scott, why on earth are you still here? And iof you keep posting negatively, what effect do you think that has on newbies to this BB or those who eventually panic and sell out because of the mindless rubbish you post?
And if you hold shares and still post angry, negative, uninformed, narrowminded opinions, you need a sanity check because the logical consequence if we all did that would be the shares falling even lower...
And that would be your fault, not Scott's...
Because when the SP was on the verge of falling even further, he bought another 790, 000 shares at 11.54p.
And some of you even criticised that for having so many shares...
Please reflect before replying.
Thanks for reading.
I'm sorry...I have no idea who is posting because I have 62 people on filter...
And if you're accusing me of ramping or talking my own book...
These detailed posts require a huge amount of research, analysis and calculation.
I am always open to correction on calculations, but I am simply quoting verifiable FACTS.
I'm afraid there IS an astonishing mismatch between the SOLG FACTS and the market valuation/SP.
I have tried to understand that myself. Its not Scott's fault. If you think it is, you have to say why and what you think he should have done.
He's slashed the cash burn so that we can get well past the announcement of PFS3 and that is where the sole focus is now.
Some people say he should have been doing more drilling...where and why?
You've seen below the astonishing in ground bvalues of the resources. What material difference would more drilling make to the value of Cascabel. We were reminded of the resource of Porvenir, also valued earlier, and that had no effect on the SP. As the numbers haven't changed, I still think that presages a bid for Green Rock Resources.
The Porvenir (Cacharposa) resource was announced on 15 December (as you saw earleir, 2.18m ounces of gold and 1.68m tonnes of copper. The vgross alue then was over $20 billion.
The SP rose 16% but 6 weeks later it was even lower...at todays price we would have topped out at 9.5p, which is what we hit briefly last week...
And then there are some who say they are going to vote against him because 'he has done nothing'. But then it tokk me three full posts to copy from the November MD&A exactly what he has done in the last year.
I'm afraid I have to say again.
Until some people take responsibility for buying much higher and then sitting doing nothing, it seems ironic for accusing Scott of...."doing nothing".
I have been investing and/or managing in Stock and Capital Markets for over 50 years, as an individual, a Principal and a Stockbroker. Most people buy on FOMO and eventually sell out for a loss.
Unless you put money in a Building Society Fixed Interest Account you run the risk of losing money.
You shouldn't invest in any share without being prepared to put the work in to undeestand the company, its business and its markets. You have to constantly update that research. I may have more time than some on here but I put an average of 3/4 hours every day into reading and researching. I might bnuy one day and sell the next day...not because I'm trading, but becaude circumstances have changed.
If you're not prepared to do that, either put your money somewhere safe or use an IFA or buy a Fund.
I'm not in any way criticising anyone, but the mindless unverified criticism and complaint on here imply that you simply don't understand what you have invested in.
And posters on here who call me a clever d*ck or similar virtually never respond with constructive criticism of the facts that I post nor challenge the calculations that I mak
The price of gold has just hit a new all-time high. However, gold miners are trading well below their 2011 record high - see chart below.
What has caused this massive underperformance?
Let's look at some of the key reasons. ⚒️🪙
#gold #mining $GDX
Cost Inflation
We have seen a massive increase in the cost of mining over the last 15 years. Whether it is energy raw materials (e.g. diesel is important for open pit mines), lubricants, mining machinery, wages for miners and skilled workers, economic feasibility studies, permitting, exploration costs, etc. - most cost factors have increased tremendously.
The cost of producing gold has risen far more than the price of gold over the past few years, which has put corresponding pressure on profit margins. This is the main reason for the underperformance of many gold producers relative to the gold price, and particularly affects the senior gold producers
Clearly, there is some “catch-up” to take place. Similarly for Silver and Copper. So take your pick which will pay for the mine! Obviously ALL three rising significantly couple to events of the manipulators (of gold), the FED and cahoots! All IMHO, of course!!!