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Tesla1, That's a little extreme don't you think? The point RK made about the whole sector being in the doldrums is perfectly true as well. I note that M&A is picking up in the sector. I also read recently that many fund managers including Jupiter and BlackRock expect this to accelerate over the next 8 months. 20 odd p is not the right price for Alpala let alone the whole of Solgold.
What a load of 💩
You have taken the best case scenario from a company based in the USA and correlated to Ecuador.
What a 🤡
Those underwater T20s must be really hurting……
Odious ramper that you are …….
lol 1.4m shares in the mid 20s average won’t be life changing for touched ramper…..you may not even make a gain
I hope you are proven to be right Rednight. I hope your reasoning proves correct. No problems there.
However, KItkat seems to have altitude sickness judging by his latest outbust:
"Plus the ever-multiplying new faces and winnets "
I noticed you used the indiscriminate plural Kit Kat.
From your dizzying heights as a conspiracy theorist and Putin apologist, I guess you need to be well-practiced in the art of insults. Whether SC can get a good deal for Solgold is yet to be seen but he has negotiated himself a good deal with 17p share options. The share options at 17p are surely a signal as to where SC and Solgold believe an achievable share price should be pitched. Okay, they would like it to be well north of this figure but no doubt SC argued for the lower price of 17p to give himself some chance of success. I am just pointing out the cautionary argument. If things are moving in the right direction we need more information.
Onwards and Upwards.
RK, yes he has. 30m more reasons to get a result.
Oops! we are already in a gold (BULL) market...
Eloro...that is a fascinating, insightful and significant article.
Its core conclusion is the average valuation of gold in the ground of $63/ounce...
Translate that to SOLG and you get $63 x 75 million ounces of gold equivalent, i.e. $4.725 BILLION, i.e. £3.9 BILLION, whch is
£1.25 a share...
The article also states that we are already in a gold market, ehich is why I contend we should be valued as a GOLD miner.
Junior Miners are mostly badly beaten down, but there is always eventually a bull market where many companies will multibag...why? Because the major miners aren't building enough resource; they have been complacent over acquisitions and when the rush starts they will start buying miners they could have got a whole lot cheaper...
But more importantly we will have a Junior GOLD Miner boom, for exactly the reasins mentioned in the article, especially that Governments have been buying gold like theres no tomorrow, plus gold has great defensive qualities when there is so much uncertainty.
GDXJ is about to break out and we will have our day...
And SOLG is a two way bet because we haven't even mentioned the copper price boom that most MAJOR commentators say is inevitable...probably by 2025...
So I'm just worrying that, with 20 interested parties in the data room, the real reason for the delay is that they don't know what to value SOLG at...
On reflection it should be no surprise that the SOLG share price is languishing...not just because Junior Miners are beaten down, but because everybody except the predators is fully invested and waiting...
There has been no TR1 so Berry Street's shares have almost certainly gone into institutional hands unless a new predator has bought them but is under 3%...
You see the irony is that if an existing predator, i.e. BHP, Newmont or Jiangxi declare an increased holding, or a new potential predator pops above 3% the SP will fly on Bid speculation.
So I come back to where to value SOLG.
If a predator values it at, say 30p they will immediately be hit by a counterbid(s), maybe even from a company(ies) that don't even have any shares.
You don't need to have any shares to make a bid.
And you can bet the Board isn't going to announce a recommended bid much below 80p unless they are certain it will trigger a counterbid(s), as happened with Noront.
So the ultimately successful bidder will only be confident of winning with a 'knockout' bid, which IMO would have to be north of £1.
Remember we have TWO Tier 1 projects that we know about but we also have half a dozen that could prove to be Tier 1 and over 90 projects in total....
My wife and I have almost 1.4 million shares. This is no Sirius and I am very confident we will make a life changing amount of money.
After all SOLG has served us very well so far...
Hes got 30 million options hasn't he?
Shareholders got 5.5p or £380m...
Agreed eloro 🔴 Monday morning the rest is white noise
I hear you Miln.
I think folks here will welcome the change in topic rather than the constant drivel from NAL and the die hard bears who come here daily to tell us solg is doomed. Is solg an Hotel California share? Warren Irwin doesn't think it is.
Yes sure, I know the condition exists, I have suffered, friends worse, no-one quite died but there was concern. The pharmaceutical (trade) named Diamox, commonly for glaucoma, is effective in reducing altitude effects. The wise sick mountaineer takes it to descend safely, not to bag an extra peak.
On holiday I chatted with a guy who lived above 10,000' in Colorado. He said after months on a yacht, he would have to be careful when he went home. Recall the demise of John Peel the DJ?
SOLG fans, please accept my apology for this diversion.
Hi Miln, the highest altitude I've live is in Calgary. I am by no means an expert on living at high altitude. However, I have a friend from Colombia who told me that his relative died when they went to a higher altitude. So, I would imagine that Scott would have to adjust moving from Toronto to Quito.
Eloro, sorry if this is a bit Pedants Corner, but the onset of altitude sickness can not be defined by the odd 8m, individuals vary. Maybe it's a conversion of 8,000'? That is approximately the height airlines pressurise cabins down to.
In my youth I have been high in the Alps and Nepal: now maybe I should get out more.
Article on how to incorporate the value of gold in the ground into m&a valuation:
https://aheadoftheherd.com/getchell-gold-a-case-study-of-gold-in-the-ground-richard-mills/
Kat, I think the German word dummkopf is a more apt description of NAL'S intellect:)
So NAL, you only noticed my posts which got deleted, but didn't notice yours which got deleted for casting aspersions on the veracity of my posts?
I find it hard to comprehend that someone would hire someone like you to haunt this BB! You don't even have the ability to be creative and imaginative in what you post:)
What happened to your fantasy about having contacts who told you that a bid was coming? Were you fantasising?
PMSL NAL. So you are literally saying that you are the rich guy ( more money than you know how to spend ), yet you spend your autumn years on this BB knocking SOLG for fun.
Loaded to the gills, with nothing better to do than hang out here. As Pulp sang on Common People
" What's the point of being rich,
When you don't know what to do with it,
Coz you're so bleedin' thick ! "
NAL. So, I reckon you could, with proper training and supervision, achieve your potential as a toilet cleaner and get the kind of job satisfaction and rewards that you so richly deserve. You are so proud of your Aussie economy and the opportunities that you are bragging about. How about it, don't waste any more time sitting around here, you go girl! I will even do you a favour and write you a reference.
Be careful eloro.
Admin are watching you.
I've been watching the grandson playing cricket today eloro.
Kids love it, fully competitive.
Ask your dad if there's anything similar near you.
Let me fix my typos:
I love it Kat, you have just described NAL to a tee!!
NAL is a winnet:) That explains the bad smell on this BB whenever he racks up.
Don't pay any attention to his inane drivel which is devoid of any intellectual worth. There are lots of villages in Oz where he is in high demand for his expertise as an idiot:)
Kat. The funny thing is, I could easily be earning 6 figures cleaning.
But I've made my money. Happily retired now.
That's why solg is a bit of fun for me. My investments and divis are more than I can spend, in the autumn of my years.
Tesla, yes he does have options, but he bought circa 18m shares with hard cash and has held most of them for a long time. By contrast, you may recall DC didn't spend a single penny buying shares. He's got plenty of incentive, and obviously Mather has 90m reasons why he wants this to work.
I love it Kat, you have just described NAL to a tee!!
NAL is a winnet:) That explains the bad smell on this BB whenever he rocks up.
Don't pay any attention to his inane drivel which is devoid of any intellectual worth. There are lots of villages in Oz where he us in high demand for expertise as an idiot:)
Kat, Aka clueless clown
So we have needalife, who could be earning six figures cleaning bogs, instead is spending his valuable time day after day bashing this dog, for no good reason at all!
Plus the ever-multiplying new faces and winnets ( that's the name for a turd hanging off the arssee wool of a sheep, by the way ) means that either the investing world is populated by a whole shipload of generous and altruistic guardian angels, who are here to save us from our investing folly ( yeah, right ! ) or this is a great contrary indicator of moves afoot!
Your house is only worth what a buyer wants to pay for it - and atm nobody wants to pay anything for ours!