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RodneyT
The ramper can’t help boasting and ramping on anything that moves…..
He ramps and de-ramps according to his position and lies when challenged, suspect this position was closed at a loss over the past week. He had another 2 positions in the 9’s
redknight1
Posted in: SOLG
Posts: 7,923
Price: 8.65
No Opinion
RE: Death...23 Oct 2023 09:47
Scott says..."theres news coming..."
Scott says..."the SP should be at least double..."
Irwin confirms the takeout should be c70p ('Asset Value')...
And the SP continues to slide...
However...
Bought another 100k at 8.71p on a
Jerry,
What's your average holding price on SOLG?
Jerry, there have been a few hurdles to jump this year with politics and redtape etc. But you should know by now that timelines are not a guide to whether something is attractive or less attractive. Nice side step on Franco and Osisko though. Can you explain why after doing extensive due diligence Franco (world class player in industry) decided it was a good idea to chuck $100m at SOLG... Osisko chucks $50m. This is not small change. These guys know that Tier1 mines get built and they don't need a hope and a prayer. So maybe it's sensible to listen to the major industry players than your neighbour?
Out of interest... why hasn't someone gobbled up GGP? Mmm! Tell you wot... don't bother answering that one.
RK, I have absolutely no interest in catching this falling knife.
My investment has been written down by the market, sadly quite rightly in hindsight. I don’t expect to get my money back, but will be delighted if you are right and I am wrong. I think both you and Fort are reciting the traders prayer about 20 times a day on here and elsewhere, with hope rather than belief, emotion rather than facts. But that’s your prerogative I suppose.
Colonel, if you were right this would have been sold by now. It’s hasn’t, so you aren’t.
Has Red ever said that he has T20s outstanding for Solgold?
If you want to get the attention of SolGold and voice you concerns pre agm like other investors, do it on Twitter and @SolGold. This BB is for pensioners to wile away their days and have pointless arguments with other small time investors and wierdos. Join the debate on Twitter ......
https://twitter.com/Mark_IKN/status/1725514582960087202?t=gD2BXAdALXU4Sl2wGVf_qg&s=19
Oh dear the red ramper hasn’t taken too kindly to some decent discussion about the asset.
3 t20s losing cash and due to close not affecting his view at all.
People only trade t20s when they don’t have cash, that’s not surprising considering red ramper was ramping in the 30s…..
He is living in a fantasy world
Whaaat! Another 1/2% makes it less saleable?
When you look at how p****d off BHP and Newcrest were when we gave FNV 1%, it might be a smart move...
The Operational cash burn is c$1 million a month. The SP is not going to stay at 9p indefinitely...it fell from c14p to sub 8p because Berry Street was a distress seller...
Gold is going up
GDXJ is going up
Copper is going up
Silver is going up
Equities are going up
We're on the cusp of a Junior Miner boom
SOLG is going up...its only a matter of time...and the higher it goes the more likely to flush out a bidder.
Mitsui publicly stated they wanted to buy Cascabel in a meeting withe the Ecuador Minister for Mining.
Are you holding shares Jerry or looking for a lower reentry?
Jerryspaniel,
Franco $100m. Osisko $50m. Both did alot of due diligence. I'm happy to bash management all day long but bashing the asset is nonsense. It's world class. Great metal mix and not surprising that both BHP and NCM got in there fast.
The asset is never in question. It's off the charts. Top ten find globally.
So no one is 'hoping and praying'. That's your conclusion.
The big miners are all seeking out copper/gold opportunties. 20+ interested parties in SOLG data room so one assumes at some point... someone will make an offer. Natural market forces come into play.
But the management team at present are not equipped to deal with Tier 1 assets. That's become obvious. And that's been the problem over the last 12 months.
As far as I'm aware there are not many mines out there today the size of Alpala that can be mined cheaply. None. Tier1 mines cost big bucks. They are made for super majors not minnows.
RK, As a former building society exec, you must agree that having 6 months money isnt exactly cashed up. Assets in the ground is exactly that, in the ground. More streaming deals just prolong the agony as it makes the company less saleable.
Point 2, they may not have a choice.
If you know anything about Wyloo (and I do), you will agree that it was a unique set of circumstances that wont be repeated here, as there isnt another Wyloo.
And finally your last point, No, not much.
Add
The other conflicting reports are by people posting on twitter/X who have an interest in a higher share price.
Hardly an unbiased report/view.
Jerry’s post is spot on imo
1 We're not going to run out of money...we have 26.7 million ounces of gold and 12.6m tonnes of copper...we will ALWAYS be able to do a streaming deal. This is NOT SXX...nobody would have wanted to do a streaming deal for polyhalite
2 There is no way the Directors or even the shareholders will accept even a bid in the 30s. You might but they won't.
Would BHP or Newmont seriously let Jiangxi have this for 30p...look what happened with Wyloo...don't the Broker targets count for anything...?
I'm pretty certain the only people capable of constructing this is one of the majors. It most definitely isn't a company with 7 full time executives.
Its not for the PFS specifically its for every document that enables a prospective bidder to verify everything that is relevance to the company tehy are seeking to acquire...
A data room is a secure space where confidential documents can be kept and only read by people authorized to access them., i.e. all the documents for due diligence before or after making a bid..
The other obvious point Add is that one view is from a keen seller and the other view is someone who wont be a buyer.....
Add, It was a while ago, and higher metal prices will make the hardest to mine deposits easier to justify, and technology moves on. He worked for a mid sized company. Maybe the largest firms will be able to see beyond the complexities.
I see that BHP are looking at Oak Dam in Oz. The deposit is 700m under cover, twin tunnels taking 6 years to complete. No ore for at least ten years. But thats Australia not Ecuador.
Don't worry Jerry. Fort reliably tells us that the selling process is completely in solgold's control. We control when the bids come in, and we orchestrate the ensuing bidding war. And the best bit? He's certain it will happen early in 2023, so we won't have to think about the Dec '23 AGM, as we won't exist.
Oh... What's that? Fort is a FoS ramper with barely enough brains/education to function? My bad.
Jerry, good to see you back on here.
With regard to your neighbour's comments, I wonder why they conflict with many other reports, including Irwin's reference to the mining experts he spoke to recently?
Is the answer that yes, it is complex, but it's such a significant deposit that someone will find a way to mine it?
Terry, I didnt say 20p, I said in the 20s.
Its an opinion, like yours and everyone else on here. But when no one has bid yet and the queue for that data room isnt a queue anymore, what do you think the buyer(s) will be thinking? 'SP at 8p, ooh I think I had better bid £1.20 just in case there is someone who might pay 35p'.
When you have run out of money and there may be only one or two buyers, who do you think is in control of the process?
Ha DBW! Was that the weekend he skipped to his local in his pvc shorts singing I am what I am?
For sure 1984:)
Solg data room is Hotel California, just like owning this share:
https://youtu.be/09839DpTctU?si=5mBua4y4qRBduYpN
As a technology afficionado you know what a data room is.
It's a part of the website that is locked to authorised parties only and behind that login is all of the maps, photos, drill results, resource estimates and everything to do with the current iteration of the PFS.
What even is it anyway? Surely all data is in databases, why would they have a physical room for data?
All I can think is they keep actual samples in there for verification?