Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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Would you seriously be adding to your short at 8.65?
SOLG isn't going bust...
There are "several" parties in the data room...
BHP, Newmont and Jiangxi aren't selling...
Its impossible to catch a falling knife but after today I'm at 11.3p and have no need to sell...
Nice of you to drop in occasionally to deramp...are you holding SOLG or are you looking for a lower entry...
https://twitter.com/cjkyte/status/1716490706607394879?t=1pcsslpuwpezwpzvpvogww&s=19
like, and contribute to this thread. no ****3r from solg reads this bb so if you want to contribute to letting scott know he needs to get his finger out of his harris then pile on.
I cant think of a single reason why anyone would choose to vote for Twigger.... every one of them needs firing!
All those points are relevant to SOLG...
At this rate China will corner the global EV market...
Agreed OTC, they're in for a tough time in December but there's still time yet and the pressure is on.
Currently the treasury shares wont raise enough to cover Scotts expenses
"XIB still haven't closed their short either and you'd think now is the best time for them."
Seriously? If I was them I'd be adding to it. It can't have escaped your attention that this is tanking with another late 3 mill trade as well as another 2.5 mill gone through?
I've got dry powder for whe XIB f00k 0ff as for me that's the bottom. Surely they're need to sell the treasury shares before they raise?
So again.. I would really like someone from Solgold to point to what they have to show after burning through the 50 million Osisko funding? Where did it go? what did that funding achieve.. Every one of them needs firing.
I understand that Fort... but focus will have to move to fund raising before June... or we end up in another scenario that Darryl put us in.. down to the wire and desperate for funding..
It would be poor, very poor management indeed, if our board had its head in the sand and hoped the funding would just appear.. It needs to be in place well before June. So we only really have a matter of months.... and that will pass before we know it.
Orpherncopper,
What fund raising is required in the 'near future'?
According to Scott and BoD's, SOLG have enough cash through to June 24.
That's not 'near future' so on that basis, I'd say your fears are justified.. but at pesent is is NOT a 'real concern'.
Alot can happen in the next 1 to 9 months that material change the course of SOLG's financial demands.
But come March 24... if nothing has happened and share price is still in the sub 10's, then yes... forward thought on funding ahead of June 30th would become a concern.
We have a seller at the moment and they are selling at whatever price they can get by looks of it. Heavy handed stuff and possibly a fund or player out there with liquidity issues. Shanta Gold had a similar issue when they had Odey / Brook as a forced seller due to Crispen's personal issues.
What is odd is why Maxit haven't found a buyer for this loose stock as mm's don't look like they are that confident holding stock in SOLG at the moment. XIB still haven't closed their short either and you'd think now is the best time for them.
About the price per lb in case of M&A, if only we obtained an average 0.08 / 0.09, we would be in the 70p thereabouts.
At at the 0.03 we paid for Cornerstone we would be worth 25p, general sentiment and some corporate progress allowing.
We all are aware of the sp stooping pretty low, well very low imo. However it’s not so much what Solgold is doing or not doing, it’s the global economy which is being exacerbated by wars.
To top this off, the U.S has got in such a debt, they are going to have trouble for sometime to come, which has a knock on affect to all, just how I see it, so I just keep topping up when I can, be it right or wrong, I believe it will pay off for me in the end, here’s hoping
This lady is well worth a listen with regards to the U.S. debt, also look at some of her previous posts, you can see where this is going imo
https://www.youtube.com/watch?v=zLtUl2SyOn8
Atb
Just need a willing Chinese Company to make a cheeky offer, get the ball rolling
Take this out of the equation and you have 1,7m buys v 2m sells.
The price has a habit of walking itself back up after a huge trade.
Lets see.
The fund raising that will be required in the near future is becoming a real concern at these levels...
I never thought id say this, but the best option may be to try to do an additional royalty deal. Which is a problem, as any extra royalty deal just makes the asset less profitable to any suitor, so more difficult to monetise... catch 22..
Any major mining company I imagine, is now just waiting Solg out... watching it collapse on its own mismanagement, before it picks it up from the Ecuador government who demand progress..
Maybe he could not invest more- try to not read between the lines- doing so never works.
Another 35,279 shares, just too cheap, brings my average down a tad, into my SIPP account which i dont intend to draw on for a few years yet
This is investors getting sick and tired of the jam tomorrow story and giving up. Nothing more, nothing less. And who can blame them? 7 years of hope and dreaming and nothing to show but holes in the ground, a report and a whole bunch of dilution. This lot will struggle with a p!ss up in a brewery let alone attempting to extract the gold and copper themselves. By the length of time taken do to things thus far, you might see some gold next century.
Majors would be happy to watch them fall on their sword and pick it up for a song. There won't be any buyouts, JVs or whatnot for at least another 2 years until interest rates reverse and risk on attitude returns.
Until then, this will only drift lower not to mention the incoming cash for confetti issue in which the terms will only deteriorate for solg. BHP could simply keep loading up on the cash calls, giving solg any placing price they wish, and keep accumulating their stake whilst solg are desperate to keep the lights on so will accept anything. I doubt anyone will be as bold as Franco was in these times now, so the board really have backed themselves into a corner now through their own ineptitude.
Just same when someone offloads 2.5Million and I hope you are right with your thinking.
Whoever our seller is, they really are going for price destruction. This looks hostile to me. That's 2.5m sold at 8.55 when in more careful hands could have been sold at 10p+
What will happen to the SP when XIB close their short of 155 million shares...?
Adikt, why is everyone's conclusion that differs from yours wide of the mark.
The more the sp drops, coincides with a your desperation to stifle any and all who don't toe your ridiculous, everything is rosey narrative.
There must surely come a point when even diehards like you realise the games up