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So we're all in agreement then? No more media for Scott and he leaves asap?
Best to just hang in there - sods law you pack up and it flies...
Wouldn't surprise me if it does.
Gla
...how the SP has dropped so much with relatively small sells.
My fear is that the information that must surely come is not good and the big holders are lining up to sell.
Like others here, I'm well down and as much as I dislike the idea, I'm considering taking the hit!
Perhaps someone has sunk the price so that when management present us with a low ball offer we all find it more palatable.
Yes Ray, this share price is a shameful reflection on our management imho. With the copper, silver and gold assets SOLG has, it really shouldn’t have to be like this should it !? I don’t know whether to laugh or cry …..
Agree MR. Been here since Solomon Islands days13 years ago. Swimming backwards. No choice but to stay in but the Board needs to talk to shareholders ASAP.
Agree MR. Been here since Solomon Islands days13 years ago. Swimming backwards. No choice but to stay in but the Board needs to talk to shareholders ASAP.
Qali
Red knight is one of the worst rampers on here, ramping away whilst selling.
When he has sold he then de-ramps and so on and so on.
There are potentially more investors feeling the pain today because of posters like red knight.
Yep, 4x my original position. Will add more if it goes to 8
This share has treated long term holders disgracefully.
As tempting as it might be at this price think I'll sit back for a while and see where it goes.
Down 66% and definitely feeling the pain. 4am here and tempted to open a bottle of wine.
Wow
Had a small position of this, now made it my top 10 holdings. Thank you sellers
I do not think anyone has the right to call people out like Red Knight.
Like him or loathe him I do not like to see anyone get hurt.
Thousands of small SOLG shareholders are feeling the pain.
I remember when they first discovered it back when the SP was 8pish. This board couldn't believe it. The SP went to 23p in short order. They still have the gold. it's gold not coal! I'm surprised they are not churning it out after all these years. I was going to buy in when it dropped to 15p but didn't, however I bought in today to join the moaners. 10.78 x 50k. GLA.
Orthern- as normal we do not know what is going on behind the scenes.
Never did I ever think that we would see these prices again.
We spend 6 years digging holes, we find a pot of gold and copper , we have very large investors with great influence- we have a late entry in to the fray with Jianxi CGP joining the Solg family amicably this time and the price tanks on Caldwells presentation.
You could not make it up!
6 years work destroyed in an hour.
Bring back Nick Mather the Donal Trump of Junior miners.
Funny how the world works. Unlisted company I invested in the same day as SOLG has just received a 10x offer valuing the business upto twice the current MC of SOLG. Amazing what good management can achieve. Any hope of that here? If there was a clear plan I might buy more. One can only hope.
I suspect he has had the margin calls and couldn’t raise the funds, hence the silence
It was only a matter of days ago I wrote if Solgold are still around and focused on Cascabel in 2025, we would be a single digit share price...
That post now seems very optimistic.
I wonder how Redramper is feeling these days, given he used to write essays attacking me for daring to question his mighty £1-£2 valuations...
Add, I don't often write to Solgold to complain but I did today. An angry short little letter. Enough is enough! I guess there will not be a reply. Eish
Its a no...
The like of Darryl and Fawzi must be laughing in to their multi million dollar redundancy pay offs.... which is where the Osisko funding went..
I'm sure Scott has a fantastic redundancy package waiting for him.... far more lucrative than his 200k a year he is getting for his excellence... and I'm willing to bet my house its not performance related..
Well in theory Scott should be gone on the basis that he knows SOLG need cash next year as it runs out in June. So if you know that, and you know you have sweet FA to say for 6 months, then you'd get them placed at 17p+ (weeks ago) and bank £17m or $20m in extra funding and buy the company an extra 5 months+. Instead, he delivered a market percieved 'weak' update and has since done nothing with those 100m shares. Which at today's prices will buy SOLG no more than 2 or 3 months at best. If or when they get placed and price is low... some will be out with knives if Maxit of anyone associated with Bob and co take up those cheap shares.
My biggest concern short term is the lack of volume and that's down to Scott and co with delivering zero forward plan to invest in. But that aside the most concerning thing is that the Chinese appear to have stopped buying in the open market. They were actively buying when the share price was 16p/17p/18p+. Based on low volumes of late, they are sitting on their hands now and I don't like that one bit.
They cannot get away with having an indefinite strategic review going on forever. That is the dumbest corporate strategy I have ever heard of, understandable though as it basically exempts the board and execs from being held to account. On what planet would this be acceptable? If it was Scott's idea he needs to go, this is not what we were sold in relation to the merger and appointment of Scott.
We are obviously in some sort of freefall not seen since the dark days of the covid panic.
So:
1) Are people in the know waking up to some realisation that this company is unravelling or fundamentally failing and getting out?
or
2) On very low volumes, the SP is just reflecting the sick and tired feeling many small investors are harbouring now that everying simply seems to be have been kicked into the long grass again, despite the "fast and smart" intentions behind the merger?
So something fundamental and terminal, or a passing fug? Or something else?
Orthern, I'll take that as a no, then.