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Covgaz
They are just getting desperate now, they bought because the sp was falling through the floor and BS probably said help us out we have to sell but we are getting hammered.
Just remember red ramper has a few T20s open so hes pretty desperate to try and generate some profit to cover his huge losses from those buys in the 30s a while ago……
So ...is it being suggested that these millionaire guys that are our BOD have bought a few shares between them at under 10p to make maximum buck going forward? So they bought 1.64 million , redtheramp.owns 1 million ?(or 675,000)? himself.
C'mon , even an idiot would realise a multi millionaire doesn't need to watch stock prices to enhance their wealth , imagine getting rumbled doing that whilst the PI suffers?
You folk need to stop this rubbish , it getting into desperation the way you all speculate on nothing.
Red, one of your more interesting posts, thank you.
Will be interesting to see what transpires between now and the AGM . Let’s all hope there is something.
Look, it doesn't take a rocket scientist to tell you that sub 10p was steel of the century on SOLG shares. Of course they would snap up the opportunity to buy some and get some browny points from some investors (not all!).
Personally, I always start with the pricing for BoD's options as the benchmark of where they think bottom is or where they know they can make 2 or 3 times the value without breaking sweat. There's no doubt imho that Scott though 17p was a super bonus award price to peg his options to.
As exampled by GGP recently.... once an unloved stock going nowhere fast scratching around sub 6p and within 14 days everyone is happy clapping and the sp is 9.3p or 50% higher on zilch.
When things change... they tend to change fast with stocks like SOLG and GGP. Remember, SOLG was 10p post covid and tested 41p+ pre PFS last year.
I just think management saw a win win opportunity and took it.... but as I said.... some might say they orchestrated it as they did zero to prevent it from happening.
Scot and co are going to that SP back up toward 17p/18p or higher to scrap through the AGM. They'll be plenty of happy clapping and investors looking forward to Q1 2024 if the sp is back in low 20's.
So what are they going to pull from the hat in next 6 weeks to deliver that happy clapping??
Remember... they could have set the AGM date for Dec 22nd if they really wanted to. Instead they set it for 2nd week in Dec and tagged a 'special meeting' along to it.
Mmm. 10p tomorrow or 11p? The mm's have certainly shaken a few off the train over the last week or so.
And to present the bear case here, perhaps that was the last and most practical opportunity to buy shares before the AGM, at which they are going to be relying on PI support to keep their jobs? If there's no good news in the pipeline that's basically all they could feasibly do to win back some support. They are going into it having wiped 42% off the share price this year after all.
Just as plausible IMO
Red, all well and good, but if you do think this why did you decide to sell 325k shares over the last few days?
Spot on Red
Great post and agree with all of it ….. timing is anyone’s guess but I’m also of the opinion the rerate will begin before the AGM
Sadly Red, I have given up expecting anything happening near term more than Scott talking about the Rocks. I am not expecting another streaming deal. More likely they would flog the 157M CGP shares to shore up the balance sheet.
That said, I hope that you are right. I really want to move on from here and not have to be on the same BB as the village idiot from our penal colony.
Why did Scott, Stacky and Twiggy buy 1.64 million shares when they did...?
OK so the 'public' explanation was that they had to before a 'closed period' and some of us speculated what the announcement might be.
And of course the 'closed period' is for the MD&A and Dinancial Statement. 30 days later would be 9 November if we assumed that Stackhouse bought his second tranche on the last possible day, but...
Think on this...
Why were they keen to buy shares then...? If they waited for the financials they wouldn't be able to buy until 10 November.
But what if there is soemthing big in the offing, either between now and 9 November or shortly thereafter. Then of course they would want to get the shares while they could...why pay more than 9.9p/10.97 (which was the range they paid?
But the financials should be a non-event, which reinforces my suggestion that there is something big in the offing, which might happen even before 9 November.
So then consider this...?
Some might suggest that they knew about the Berry Street liquidation, or that it was in the offing...
But then you would wait surely, even until after the MDA...unless there is something in the offing...
And here's the thing...
DBW hit the nail on the head with the implicit suggestion that a Gold streaming deal answers all our prayers...
It leaves the copper intact
It puts a value (Asset Value, not Market Value) on the Resource and thereby the shares
It takes away any cash worries indefinitely
It puts the wind up Jiangxi, BHP, Newmont and anyone else seriously interested in bidding and flushes them out...maybe before the deal even gets signed off...
So I seriously think there is something in the wind and some seriously good news in the offing...with a massive rerate...
Because why would Scott, Twiggy and Stackhouse blow there precious cash on a mere £160k worth of shares unless they think they will make serious money on them and...
More to the point if they thought they were going to be blown out at the AGM...
Just think on this...
GGP up over 50% in under 2 weeks. And that's after they delayed operations! Market cap £477m!!
SOLG the complete opposite, almost down by 50% over slightly longer period (15p to 7.5p) apparently all down to a large seller. Well, historically SOLG has always been above GGP on market cap (bar the dizzy days of 38p on GGP), so if the market is being rational... SOLG should be on for a 50% climb in November. Sadly... that's still under 15p from where we are but would represent an almost 100% climb off lows. This market is nuts... like a fruit machine in casino hall.
Wow! 10.3 million after yhe bell including a 8 million UT!
Hotting up.
Now read my next post for an exciting possibility...
Some good buys after the bell, now lets hope for a run, far too cheap at the moment imo
Atb
And thats exactly why I went for a hybrid...with which I'm delighted...
The grid barely has the capacity to cope now let alone adding 20m+ milk floats to its demands. It would have to be radically overhauled and nobody has costed or planned for this
It’s just clown think
Car manufacturers will go to the wall if they don’t listen to what their clients want. Less than 1 in 3 Americans think their next car will be electric
Watch and learn. We will end up with a peak of about 3-4m electric cars mainly shopping carts for school run and round town. They dismissed the perfect solution in hybrids by pulling subsidy
We could say anyone curious why copper is 20% down on 2 years ago, there is a disconnect between copper price and availability, just as the headline oil price isn't a bellweather for it's future either.
The Middle East hasn't moved the dial yet because it hasn't spread to the rest of the area, the first morning we wake up to Iran launching rockets the Oil price will shoot through $100
https://www.msn.com/en-us/money/markets/investor-disdain-for-mining-is-threatening-net-zero-says-blackrock/ar-AA1j6obo
Been around a while 1984, and guess what comes after a recession ... remember the crash of 2008 ? lots of doom mongers about then but made some of my best portfolio capital growth ever in the following years as well as house values virtually doubling so a correction is always on the cards for now. I don't believe that the likes of Merc, VW, Ford, and majority of East Asian motor manufacturers who have all hedged their production to electric will be reverting back to ICE vehicles. Might take a slow down but one things for sure its a bloody good time to be a 2nd hand car dealer if you have the stock. But in essence electrification is here to stay with regards to the elements needed for renewable energy, phone, computers , laptops etc etc. stop appearing to be a luddite like everything over time they will become the norm.
But with regards to Solg Scott needs to pull a rabbit out of the hat soonish unless.... 😉
Zero chance this will be a Betamax moment 😁
Have you got any idea how EVs are going to change the balancing of the grid. Just imagine 1m cars today being able to power their homes, think how much pressure that will take off the grid.
Tesla have already updated the software to allowing bi-directional home chargers, other manufacturers are following suit.
Cars are parked at home 75% of the time, governments pay billions to wind turbine companies to turn the turbines off because they can’t store the electric, 1m EVs and growing will solve that conundrum
As spooky as it is... fund update tomorrow via morningstar so should see who's been selling and buying. If we see a large sizable trade after hours today, then wouldn't surprise me as still think Berry Street have some loose ends to tie up.
Roll on November, October has been as scary as it gets. Scott will need plenty of tricks and treats to get through upcoming AGM and he's got about 6 weeks left now. Tick tock scott.
Of course they will drop, it’s not feasible to subsidise everybody with taxpayers money
Bubble is pretty much over now and with a massive recession looming I think we’re about to see our Betamax moment
lol….. governments remove the subsidies and sales drop….no **** sherlock
lol toyota bet on hydrogen cars so no wonder they are negative.
over 1m evs in the uk already and increasing market share, this isn’t going away no matter what 1984 posts.
heat pumps and octopus are literally saving the country from coal power stations and balancing the grid.
biden has gone huge in the us on renewables but it’s all going to end, of course it isn’t.
opec and all their cronies are desperate to keep fossil fuels in the news and are lobbying hard unfortunately 1984 falls for their bs…..
no one curious why oil is low 80s with 2 wars going in one near the middle east…….hmmm
electrification is taking the froth out of fossil fuel and soon will be denting the oil price, no wonder the saudis are too scared to keep,their quota and want cuts …..
His wife has the rest of them, obviously :)
26th October Redknight you told us you had 1 million at 11p , now 675,000?
True …… win/win …. Fully funded would massively rerate GG’s stock ( probably any deal dependant on licenses/ permits/ IPA etc) but would almost certainly flush out any potential bidders .
Forgot to add link
https://www.youtube.com/watch?v=svMjyCgYZNI
Atb