Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Cintsa, the last thing we want and need is our CEO "banging the drum" on an anonymous instant messaging channel like some tinpot AIM CEO. I witnessed one do so just this week and it was frankly embarrassing.
QUADY,
That holds about as much water as a sieve, someone comes in with a bid say 90p, which most would agree ain’t bad, what happens if they agree with that price?
\
Atb
Cintsa I have explained many times a diverse book protects us from a hostile bid.
Because we don't have any one party holding a near controlling stake in the company.
They would need to have talks with all the people that hold stakes.
They would need to start and get agreement from Nick Mather, as without Nicks agreement it would be almost impossible.
Lol
This RNS has come far too late for the share price to stage any near term recovery and is full of the usual corporate drivel. LTHs are left hoping Bob can swing his bat and deliver a home run.
While welcome I don't see investor confidence being restored without meaningful news. Keen to be proven wrong but you have to judge a book by its cover and you don't get rewarded for stock price failure. If I wanted to buy this I would just go hostile but it doesn't seem attractive for some reason.
Everyone has been patiently waiting for a year and no JVs, bids, commitment to going to production. They just don't seem galvinised to overperform and exceed any metric. What KPI's are they judged by except they have skin in the game and are aligned with PIs? It is woeful at best.
Will buy back in at 5p only if there is a marked improvement in comms and deliverables. Scott should be banging his drum on the Telegram channel like other CEOs do. They get a C- so far.
Agree Steve,
I sold ( reluctantly if honest....) some of GGP shares I bought recently for under 6p to free some funds to add here earlier for 8.11p.....
I have fair size holding in both for the med to long term and happy to switch one with another when I feel it's right for me.
Patience will be rewarded handsomely in both ....
Eventually and IMHO.
ATB guys.
There are no apologies needed Bozi... Just know that those of us who raised genuine issues/concerns over the last 12 months have unfortunately been proven correct.. as c__p as that is...
I would have said enjoy the warm feeling of having been proved correct, but there is no warm glow to enjoy, as we are all out of pocket, and many of us are looking back with hindsight, wishing we had acted differently when we had decent exit prices that we could have acted on..
Bandit , it has brought in many more shareholders to take up the sales that have been going through, i can see this being at the bottom now, at a £240 MCap , more than 50% shares in safe hands, its just a matter of our board getting the other deals done and finding the path to early smaller scale production. lets see where we are in 2-3 months time
Bozi ….. I doubt bandit is here to help steady the boat either
It hasn't steadied the boat because someone is still rocking it though.
That update today, IMO, should set all PIs to a certain level of ease, one that makes the current SP look pretty attractive.
Scott and Co need to go and get the job done of course. Delivery is what matters, but they know what they need to do and when they need to do it by.
The rest of it is just market movements.
Bandit ….. it helps allay some fears and gives a sense pi’s are still connected in a way. As I’m sure you realise whilst BS ( very apt acronym I thought ) are offloading the share price will remain under pressure…..
Sid/Add ….. exactly how I see it.
Some of the seemingly unsexy news we may get (petmits,licenses, reworked IPA) may actually be the ones that unlock the whole thing …… I was bemoaning the state of the share price to “someone” last night who simply remarked that I shouldn’t be worried “it’s not like we’re selling at this price” and in fact the company is in a healthier state than it has been for years .
I guess it’s all about opinions
Sid, that's what SC meant by getting the project to 'turn-key' status.
I personally think the potential bidders are waiting for more de-risking (more permits, new mine plan and other tasks that Scott is working on) from the management. They just don't see a rush to bid while solgold is doing all these necessary hard work for them. A bid will eventually come (hopefully before the funds run out).
Yes and an extra 2 Billion shares ,
This could go lower, but im very happy to be holding just over 600K shares now, didn't think i would get the opportunity to get to that level and a nice low single figure average.
ill sit back and see what happens over the coming weeks and months , years ??
GGP valued at 100 million more than us I know which I'd rather be in!
Forte, you might be overdoing the critique about the deal making.
If no prospective buyers have shown a bid, especially at this price levels, it's either because the project is not worth it on a fundamental technical level, or because management is keen on extracting a fair value for it based on the fundamentals and no buyer is ready to acknowledge that. Eventually the price will be paid or the price will be reduced. Current share price has limited bearing on the value of that transaction if and when it happens.
Now you and everyone else can make up your minds about which one it is, however since the NM days management has been very keen to let us know which one they think it's the case, and in all the different permutations management has worked to put in place some of the building blocks necessary to eventually monetize (getting the tenements, getting the permits, getting the exploitation agreement, building community relationships, showing credible ESG credentials, engaging institutional investors, etc.).
Keeping in mind how the sector is out of fashion and all the risks associated to Ecuador, on many metrics we cannot give SOLG management a fail and certainly we cannot imagine that replacing this leadership will change the future direction a bit.
It does not mean that under the different CEOs errors were not made of course, but we need to take a more balanced view. IMHO that is of course.
GLA
Fort, you had so much to say to me of a derisory and condescending nature when I dared to question Bob and Maxit some 50-100% higher than current SP.
Is it about time you offered an apology?
Lots of them. If bubbles was here we'd be on for bucket loads of news then!
Hardly worth it. 1 share at 8p. Suppose these tracker funds have to justify their fees some how!
If the directors are confident of a deal with 20 CA's in place, then the low share price has benefited them personally, as they recently bought shares.
Unfortunately, I think Scott and Bob are trying to hide their failures and blame the SOLG share price decline on sellers like Berry Street. The reality is Scott... BOB.. Maxit... the share price has been thrown to the wolves by your inability to deliver investors any reason what-so-ever to either hold the stock, buy the stock or add to a watch list. Citing ... ermm.. think we'll do a new PFS in q1 6 months away is like opening the door to an American XL.
The share price is down here not because of Berry Street but because of Maxit's failure to deliver any kind of monetisation event. End of. And when the AGM comes... they'll find out the had way unless thye pull a rabbit out of the hat.
Mr. Caldwell also commented:
"As a dedicated long-term shareholder since 2016, I too am disappointed in our current share price even though the Company is currently in the strongest position it has ever been. It is important to note that the immaterial level of trading activity in our shares that has corresponded with a decline in our share price does not reflect the intrinsic value of our underlying assets. I firmly believe the fundamental value of our shares far exceeds their current market price, and I am fully committed, alongside the SolGold team, to ensuring a successful outcome."
Well can't say fairer than that, too much unnecessary crap and noise here from anonymous posters who clearly have no self esteem and are low on self worth... "I post therefore I exist" as the saying goes, in reality this will go for many multiples of where we are now, just make sure those shares are firmly glued into your palms, while the world is in its current state of turmoil there will be no progress might even see this drop into the 5's over the coming months, but once we start to see some level headed common sense coming back into world affairs the first place that the serious money will go is stocks like this. Might take 3 or 4 years but hey ho that is out of us poor misers hands
ONWARDS & UPWARDS!!!
'Asia stocks rose on Wednesday after China’s President Xi Jinping approved a 1 trillion yuan (£111bn) sovereign issue, fuelling hopes of the economy stabilising. '
'The International Monetary Fund and World Bank sounded the alarm over global debt levels earlier this month, warning that the US and China had put public debt on course to approach the size of the entire global economy by the end of the decade.'
The entire global economy... Thats a sobering statistic..
As well as 4365, people topping up, and 3629 people with contacts solg.
aquinaga, you make 3652 posters who have filtered me but respond to my every post.
You're dead right Fort, it doesn't stack up. Unless one of those interested parties is who is mopping up Berry's wedge?
Could be, I suppose.
Either way, it has been poorly managed.
You never know, the board may not be bothered about the SP, because the deal's all but done?
Heh, just trying to show a bit of optimism :-)