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Could be on the cards here, the way the SP has crumbled these past few weeks,
Addicknt like me you were heartened when Ingo said he had 1 billion ready to go.
I believed him then and believe it now.
Who knows how that billion would be realised.
The Walter Mitty vibe is strong here today.
Not true SharketMare.
In 2015 Nick Mather announced we were going from being an exploration company to becoming a producer.
And we have reinterated that ever since.
Yeah well I'm retiring you early too.
Filtered.
Q, I'm afraid the company's track record in this respect is not good. Who can forget Ingo's utterly ridiculous claim that he'd lined-up 1bn without breaking sweat?
Exactly. When there's a crisis you need to get out in front of it. They could easily convene a BOD meeting and communicate that to the market but so far all we have is silence. Everything is too vague and the market needs clarity or the drift will continue.
Seanhunter you obviously don't read or understand anything I post.
I won't buy any more no matter what happens.
I take a position and play my hand.
It has served me well
I have been investing since I was nineteen and retired early.
"Remember we are an exploration company moving to become a producer."
No, we are an exploration company that has announced an indefinite strategic review, that is producing a reworked PFS for a third time, and that has given absolutely no indication that it is looking to raise funds to start construction of a mine.
If your new shares are low risk high yield Quady why do you need to spend your time posting chat about them? That doesn't make sense. What a loon.
Yes addicknt I still believe if required we could raise 3 billion dollars in a staged approach.
This I feel we now be with a partner and staged financing.
As we will produce revenue in the first two to three years to self finance, so capital outlay in early years much reduced.
Not just my outlook, but what Solgold are saying.
Quady if you thought the company was really going in the direction you want it, you'd be buying too but you're not.
Hopefully there is no one on the board who is as daft and naive as you. We need to ditch the SR talk and going into production fantasy completely now.
Developing a mine of this size is for deep pockets and not minnows like SOLG. The BoD's have firmly communicated this. They are mine finders not mine builders.
The cash pile of $32m left.... why don't they take $2m of that and buy some shares back lol! That would have the mm's running.
Might be more worthy than spending it on tea and biscuits or Banana trees for the locals.
Good morning Ortherncopper.
I like you invested in an exploration company.
I am sure you remember in 2015 that all changed when we said we where going to bring this to production.
The message hasn't changed since.
I invested in oil and gas for years. It takes time, but at least we are approaching the finance stage.
We still have some time to go.
I am currently concerntrating on other shares in my portfolio at the moment as some real excellent low risk high dividend shares out there in the top UK 350 companies.
Hence posting less on Solgold.
Q, you were always of the opinion that we could raise 2/3bn for the development of a full scale mine. It's now completely obvious we can't (it didn't take a genius to work that out) and that we're struggling to design a mine to fit the level of finance we hope, and I stress the word hope, we can raise. To me, this is utterly absurd.
Seanhunter I am amazed you can attempt to read any post I make and turn it on it's head
Talk of production is what will advance this share in the long run.
It's volume that is the problem.
I believe the reason we have no volume is because we are not progressing fast enough.
So we need to sort the financing and start construction, that will increase volume in this company because we have a good story to tell.
If a bid was on the way then the share price would be a lot higher than it is now and the likes of you, Redknight, DBW and Slug would be happily buying more.
But you're not because none of you have a clue.
Sean, it was all hubris and, as is always the case, it bit him in the ar5e.
Morning Quady..
I invested in a promising exploration company…
My frustration is aimed squarely at the management that have not done any exploration drilling for approaching 2 years, whilst continue to award themselves, waste previous raised funds.. and now are open about having no strategy agreed for progress… and are in no rush to decide one.. we have become a salaries, and payoffs for the boys lifestyle company..
Addicknt what must he have been worth when he decided it was a clever thing to tell the big boys that we can paddle our own canoe. A true Ratner moment, and he has paid the price, but that's all in the past and I'm glad this morning we still have him and Irwin with dogs in this fight.
Adikt why dont you phone or email him, im sure he will be only to happy to tell you what he's wondering.
failing that phone caldwell or bob. there always happy to chat.
Mather sits in his office in Brisbane looking at the screen, I wonder what thoughts are going through his mind?
Is he completely unconcerned as he knows what's coming, or is he pulling out his Brillo Pad hair as he watches a good part of his wealth go up in smoke?
And what's our useless chairman up to? Anything?
You've hit the nail on the head Quady in your own way.
All this talk of a strategic review and going into production are precisely what has destroyed the share price.
At least one person in this board is happy.
People on this forum pretend they are seasoned Investors and then make up stuff to justify their arguments.
The most dishonest argument every week for the past ten years is we have a takeover bid.
Anyone who knows anything about investing and understands anything about Solgold doesn't listen to these people.
But they seem to populate chat rooms like this.
I am also unhappy about the current share price, I am also unhappy about the share prices of my portfolio apart from a couple of holdings.
The share price is what it is.
Remember we are an exploration company moving to become a producer.
We currently generate no revenue and we burn cash.
This is taking longer then we all thought. Myself included.
Take with that the poor volume.
Some on here explain that when we get volume of ten million in a day that something must be happening in the background.
For any experienced investor they know ten million a day for a company with three billion shares in issue at such a low price per share.
That ten million a day should be a daily occurrence, for setting an accurate share price.
What we need now is sorting out the finances, through JV, loans, offtake, royalty and start construction.
Waiting for a mythical bid for the next ten years won't serve anyone.
Luckily I believe this is exactly what the company is doing.
How do I know this?
Because at every opportunity they have communicated this to us.
It is only the inexperienced that are led by some on this forum that don't listen to the company and make out they are lying to us and we have a bid coming.
I have listened to this rubbish for over ten years, with idiots telling me I was wrong and we would have a bid the following week or month.
This is an exploration company at the moment, moving to become a production company.
Treat it as such and you will have a better idea of what is happening here.
This is different game then Cine, this could be taken over, defo looks like bounce will come, we had red days and now let’s have blue days
I hope you are right Donotpanic but I have followed similar comments in the past and I am now sitting on a huge loss. The Strategic review seems to be endless and so it appears to me is the data room. Could this be another Cineworld? -I ask myself