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That’s very easy to rule out. It’s not in their interests and everybody hates them
Don't rule out BHP for a JV
;-)
At least Scott is engaging. I've heard this JV talk before .... and am hoping it's substantial and not some pony side hussle on some of the old CGP prospects. That would really annoy me. Sunstone et al is of no interest to me. Bramados... not interested. It's the big SOLG prospects that I'm interested in. Get a JV away with someone like FMG or Rio or Codelco etc and that will get tongues wagging and the sp moving back up nicely ahead of the q1 24 PFS update. Pull that off pre AGM and he's got my vote.
Thanks for that 'the italian'... it's pi's like you who are achieving more for 'everyone' than the likes of Peel Hunt or other brokers have done for a while. Where is the house broker these days?? What are they doing? Scak the and get some fresh impetus in!!
I've got to agree with Eloro.
From reading The Italian's summary, I'm not too sure what this "finish line" is that is being spoken of.
Corporate action has long been something that SOLG shareholders have let consume them and the longer that goes on the worse it gets as focus is shifted away from what the company should be doing.
Scott speaks of putting the SR to bed in one sense but then talks of looking for a price reflecting Alpala's previously published NAV. No interested party is going to stump up anything like that figure. We're simply miles too far away in development terms.
There's an unevenness about the comments to me. We're talking about a finite agreement based upon figures that are well out of date even now let alone in 6-12 months.
Pretty muddling all said and done.
Thanks Italian that was more informative than most Solgold presentations and a lot of the RNS's!
What's up with you TI? You are not my parents, so stop telling me what to do heh! I am entitled to my opinion like the next poster. You are being high and mighty. First you waving your solg position about like that makes you more worthy than the rest of us. Cool it dude.
Hi Add, end of Q1/24 has been mentioned as a likely time line for a bid. However, here we have Scott talking about buying more shares after the AGM. That imply to me the his purchase would be in Q1 which he would not be allowed to do if a bid was incoming. I might be wrong, but that is the impression I derived from reading TI'S post.
Eloro, he was always on the case, what are you on about? Perhaps you should spend less time in your head or in this BB and engage the company directly yourself.
Eloro, how do you reach that conclusion?
Thank you TheItalian. Great to learn that Scott is still on the case. Disappointing that we might be here for the long haul judging from his response.
Many thanks for sharing your work. The JV news, was that concerning any of our projects or just in the sector in general?
TI, thanks very much for taking the time to call him. Some interesting responses.
I asked him a few things, very available and personable as usual. I will just post the answers go my questions.
1) With the new government incoming, expects continuity of business when it comes to the permits and the agreements since we deal mostly with non-elected personnel, even though it's impossible to speculate if government priorities and time will result in quicker or slower delivery.
2) We are reading too much into the "special" part of the AGM, it's a regular AGM and all directors are up for re-election.
3) There is no risk that Cascabel is a technically undeliverable project, it can and will be caved. The recalibration of the PFS with the phased approach will mitigate all the risks (technical and financial) from such a big project and that's the envisioned way to achieve shareholder value.
4) Thinks that SOLG management has never really been too greedy when it came to a price tag, there is some hard data backing up the idea that a fair value could be the around the NAV that was advertised, but then of course it still depends on whether any interested party decides to take a bite of not. There have been multiple engagements, site visits and a couple of follow-up visits as well.
5) I shared Barrick's feedback with him, I think he played chilled but it must have annoyed him from the way he came back to that 2-3 times during the call.
6) Thinks that the price has dropped as far as it can, believes we have seen the worst and upcoming news should lift the price. He could buy his shares in the open market easily and plans to buy more after the AGM, has been wandering who has been selling but thinks it's not the big guys.
7) With the cadastre closed, thinks we have a valuable asset and there has been a lot of interest. We have the largest concession area but we are not the only ones. Is very selective, even at this point in time when we think that things are desperate, and expects some JV-type news in the not too distant future, let's see if that comes through.
8) The Comms strategy could definitely be better, expects to be able to come out in a clearer fashion about the strategy soon, putting the "review" to bed.
I think I captured the spirit of the call. Having put some pressure on him, my impression is that he is a believer and is trying to get SOLG to the finish line, the company has a great in-country reputation and progress is being made. There is definitely activities in the background that cannot be disclosed at this time, but he seemed closer than usual to being able to provide some positive news, let's see how the next weeks pan out.
GLA
Bluetoff, best summary I can do below
1. Management let share price drop on zero news and Q1 2024 update.
2. Then with price sub 10p, the directors helped themselves to some nice cheap shares
3. Some bloke won an election
4. Copper no longer needed coz electric cars apparently not required anymore
5. Gold not needed as banks prefer to print dollars from thin air
6. England lost to Afghanistan in cricket.
There's only one shocker there... take your pick.
Let’s not forget the red ramper has got the biggest ego this side of the US, and he’ll be posting from Air knight one……..
What a clown 🤡
BLUE TOFF
let me explain in great detail
Millais
Sorry for the Title of this Post but have been out of contact with the real world for over a month and I wonder whether anyone is prepared to give me a short update of what has happened in that time to cause the collapse of the SP.
Don't have the inclination to read thru a month's worth of niggling.
Thanks in anticipation of a meaningful explanation.
Red, if you are long at the time ie not 600k shares and more like 1m shares and looking to sell some you would take anything and I mean anything you would put a positive spin on it.
Always talking you long or reduced positions!
2.7m traded already
Hi DM
I'm not interested in Ecuadorian Bonds.
It was a media article noting the market's response to Noboa's election, which I took as a positive for SOLG...
Correct Ortherncopper.
Evidence is based on fact.
A fact is an observation made directly or indirectly.
Someone saying something and making an interpretation because someone has bought in is not fact and has no basis in evidence.
Evidence would come from the company when they announced that ten property's consisting of twenty tenements were up for sale or JV.
That is evidence of a sale of those properties.
When Solgold did this, they were careful to say that Alpala and Porvenir were not included.
'There was plenty of evidence that a bid would be likely when Bob was swinging the bat; put that together with Jiangxi's stake and you get the picture....'
None of this is evidence of any bid!
Never have so many words been used to say absolutely nothing.
Did you actually keep a straight face typing that?
Good morning Steve.
I wasn't going to respond to your post, just ticked it up.
However Redknight comes in with his defensive rubbish.
Sorry that you are under water at the moment.
Right let's tackle Redknight's latest rubbish.
While he is correct that everyone is responsible for their own investment decisions.
He is way off the mark by posting that there was evidence for a bid.
There has never been any evidence.
He may have been a broker and fund manager who knows, but you get bad people in every profession.
A true professional would not have commented on your post which is accurate.
They would have carried on with their own investment strategy.
As for ColonelDrake is it my imagination or are his posts getting longer.
These days I don't think I can read a complete ColonelDrake post, as I am falling asleep halfway through.
Never have so many words been used to say absolutely nothing.
Steve...
You're responsible for your own decisions.
Don't blame other people.
There was plenty of evidence that a bid would be likely when Bob was swinging the bat; put that together with Jiangxi's stake and you get the picture....
SOLG cannot survive as an independent and there are 'several parties in the data room'...its only a matter of time and the first bid.
Instead of sitting on youy hands, bemoaning your misfortune and blaming others, you could have actively traded in and out to reduce your average.
Every day I ask myself what my position in SOLG should be. This year we have been as high as 1.2m and are currently at 673k...
At an average price of 13.1p...
Happy to hold.
BTW there is no malice in this post. I have been a stockbroker and fund manager and have always insisted that clients take responsibility for their own decisions and then actively research and manage as appropriate.
Best wishes