Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Agreed Fort, but there must a volume seller ATM, but why be selling in volume now?
I'd like to think it's someone selling a few million shares to drop the price pre bid to make opening cambit look better but that doesn't seem right.
The SP is mad right now and the management must be feeling the heat pre AGM. Madness, but good to see copper holding steady and gold rising. C
The illegal artisanal miners are making more out of Alpala right now than SOLG shareholders. The irony is... if SOLG released a smaller PFS that was more weighted to Gold recovery (higher grade areas) than copper, I think the market would wake up. It's very easy to dismiss SOLG as a copper only player but the reality is the Gold and Silver ratio's would put some Gold miners to shame.
26.7moz of gold!!! 92.2moz of silver. If they mined just 1moz gold on a small scale mine (tandy open pit 150koz) that would justify a market cap 3 x today's level with ease assuming average industry AISC's and 100% interest.
Chuck in the same Silver and moderate level of copper and off we go!
The trouble is... the market is not aligning SOLG to Gold price moves because we are no where near being a producer. By the time we produce, Gold could be back at $1300oz.
If Scott and co can get a PFS out that shows a small scale mine but large scale profits, then perhaps the market will wake up.
The mirador model looks the most obvious and is proven to be liked by Newcrest, Chinese and Codelco.
How much is Mirador producing? How much capex was required? How much profits are being generated?? This is the benchmark in Ecuador as only meaningful sized mine producing right now. SOLG can easily better that.
I’ve said for a while now this will end up being a good play simply because the big green push is going to fall flat on its face.
But the beauty of an asset like this is it has copper and gold (and silver too) and as he says in the interview, when gold is again the only thing performing the explorers will move fast.
How long dare a bidder wait?
Https://kingworldnews.com/michael-oliver-10-21-2023/
This man is incredibly positive on Gold (and Silver to follow). Will there be a $600 or more advance in the POG within weeks?
I know that these predictions on KingWorld have been wrong and dismissed for a long time but, if Michael Oliver is right, we might be in the right share at the right time. Just imagine that!!!!! Listen to this interview and I would value your opinion.
The elephant in the room is a panicked US central bank and their huge debt and nobody want their bonds. US 10 year is in trouble.
Thanks Fort. That all sounds reasonable, apart from the two streamers buying stock. That'll never be their game unfortunately.
The rest I can get on board with.
Should test 2000 then we’re up and away. A gold run and a world full of morons trying to electrify things, how could this not come good??
Bozi,
At these pony levels, you might find Osisko or Franco buying SOLG themselves and watch them farm it out to a major for $1bln.
The way the order book operated today suggests there is a seller. There is also a buyer and the latter is playing hardball and the former doesn't seem to give a t0ss.
Could be Fiera Capital (Europe) LTD or Magna New Frontiers N Acc ... look like same outfit. They dumped 8m shares a while back and had about 7m shares left.
Might be Blackrock, they still had about 16m shares left I think.
Doesn't look like any of the bigger boys are selling like Norges, Chinese... as TR1's required.
The 3 larger funds such as below have about 85mln shares between them but neither have sold any for months and if anything have added.
Konwave AG
Franklin Advisers, Inc.
Global X Management Company LLC
Not sure about our vocal BerryStreetCapital boys but think they had minor holding anyway.
Now we are post elections and risk reduced somewhat... I'm very surprised Chinese have not stepped up and loaded up with some cheap stock. Is that them just being savvy ahead of a bid, eg not really wanting to support the price as doesn't suit them and can't really get enough volume in open market to make it worth their while.
It certainly is Stackhigh..
Got some more (beer not shares)
Cheers Add. Let us hope that we get some news before the agm.
Even by red's low standards this is desperate, pathetic stuff.
Eloro, sensible decision in my opinion.
Heres a couple of possibilities for the 'close period'...
1 There is some sort of deal for one or more of the 'outside' properties, say a J/V..remember we now own the former CGP properties...
2 There is a prospective stake sale of the 'Treasury' shares.
Now before you panic, suppose Scott has said to the three 'players' "the first one to bid me 17p gets the stake...?"
Watch the SP fly then...and not just to 17p...
Scott has made clear there is news coming and that the SP should be at least twice the current price.
Which strongly suggests he has something up his sleeve...
Best wishes
Hi Add,
I understand your position regarding not voting against Scott, or the other directors who will be up for re-election at the 2023 AGM. I have arrived at the realisation that in order for us to remove the current directors, we must have capable and qualified candidates to replace them, which I don't think we have. Much as it will pain me, I will vote for and not against the current directors.
I guess those redundancy/dismissal pay offs and Scotts expense living lifestyle soon adds up
I emailed Solg asking them if they could highlight how the 50 million Osisko money has been spent.... No reply..
Went in a flash, watch for a late print
Tesla, no I don't, mainly because I think we'll have some answers as to which direction we're headed before June.
Add
I’m not saying they should raise at this price, my post was in response to Fortissimo’s silly post saying the sp doesn’t matter.
Of course it matters especially to a company that may run out of cash, as you say, in 8 months.
Do you think they’ll wait until 7 months to try and raise further money?
The issue here is no one actually knows what is going on, with anything and that’s quite poor from a PR point of view…..
Pound to a pinch of s.hit we get another fat late print
Someone is trying to sneak a percent under the radar
... Osisko's and Franco's thoughts.
These guys mustn't have been banking on this performance and the implications it can have on their lends.
More to the point, you'd have to think that they'd think 3 or 4 times about doing further business with SOLG.
I know the money was chump change to Franco in particular but I'd expect old Pierre to be banging the drums at some point.
As for XIB, hats off. Smashed the short.
Nor am I but it’ll take the pain away temporarily
Even I'm not that thirsty
I remember when 20p was the pits.
The Vultures are now so close you can see the whites of their eyes.
Something has got to give, Solg will be breathing it's last if it doesn't and all the speculators and smarta rses on here will just slip away like the smoke from the crack they've been smoking.
The SP surely has to prompt someone to show their hand or, as I've always said they will wait until it dies and take the corpse for next to nothing.
One for every tenth of a penny we finish under 10