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Thank you for your character assumption Gino , and the 6 that chose to vote u up. I will put you in the same category and CD ,add and there like then.
I only ever speak the truth , and I wear my heart on my sleeve.
You go have a loverly day u pr*k.
It's actually invester.com, a reputable company
Just thought I would call them infester.com, because they clearly are only here to deramp
Padmaster. those bloody infesters are at it again. this time its infester .com.
Moving Averages:STRONG SELLBuy (0)Sell (12)
Technical Indicators:STRONG SELLBuy (0)Sell (10)
adikt what do you think them infester. com clowns who forecast for a living, can't see, that you can.
both averages and techs. strong sell. what is the matter with them, obviously not read your posts
Hi Bozi, I have listened to Warren's videos and I note where he paid tribute to the old miner Dale Hendrickson if I recall correctly. At the time Warren was a rookie. As a rookie, he could have ignored Dale and pursued his own conviction. That tells me a lot about his character. Therefore, he deserves acknowledgement for coming out on the winning side of the Bre-X scandal. I was in Calgary at the time when all people were talking about was Bre-x. I wasn't into shares then so I didn't invest. Actually, I think Warren would make a better CEO of solg than Scott. Warren understands money. I not sure that Scott does. I remain to be convinced otherwise.
Eloro - if you listen to Warren's stuff you'll realise he was tipped off about Bre-X rather than sniffing it out himself so to speak.
I think it's an important distinction to make in terms of the point you're making, which Gino adds further credence to.
1984
Do you seriously think BHP and NCM invested $45m as an investment to make money and sit on their hands, it was strategic and they paid top dollar at the time. 5 years later things have changed massively, black rock have sold others have not.
Mather has diluted them down to 10% and they are potentially the pig in the poke that can block any deals if they need to.
No one knows if this mine will ever get built and if it does it will take a lot longer than many think.
Most rampers hope that a Barrick, Rio etc will bail them out again …….personally I just don’t see it.
Yes the sp is depressed but it’s 50/50 to which way it can go from here.
Adikt, interesting to see several posters appear, like me to be finding your daily utterances and need to lord over us all a little tiresome.
it appears im not the only one who thinks nothings changed and Mathers still in the driving seat.
unlike yourself who clearly things everything is rosey and caldwell is the new messiah, and if we bury our heads long enough we will be millionaires. just as long as we dont voice any concern.
Are you daft? The royalty deals, Chinese investment, BHP and Newmont/Newcrest haven't sold their shares yet, but all have failed to spot the hoax.
Covgaz is from Coventry and should perhaps be sent back there. Eejit!
Cintsa71, I can understand the need for stability. However, if we make it to 2025 without a bid, and then have to decide that we need a change, we would have failed.
Interesting point Covgaz, after all, we still don't know what happened to the missing $4m. I am reassured that Warren Irwin flew to Ecuador and inspected alpala before investing his fund's money. This is the guy who called it correctly on Bre-X and would have sniffed out a hoax.
Yeah , and just maybe Cascabel is hoax, anything is possible here.
I am supportive of SC for no other reason than the need to appear a stable company in an unstable country. Imagine a supranational decided to bid - I expect an earn out as the Saudis I doubt have a team they could parachute in. Management and SC holds all the relationships.
I am as impatient as the next person for corporate action but I am also pragmatic. We all need and deserve clarity on where this SR process is going. Trotting out the same lines at every conference is painful to watch.
Post election we should see an upswing in SP and positive steps to reduce perceived country risk. I was on a bus through Imbabura last month and it is a safe region to do business. It is a world away from the coast which is notorious. The difficulty may be the pipeline to Esmeraldas which is like the Wild West. So long as the tailings study proves viable then most roadblocks will have been overcome.
Any new President will want this sorted ASAP and stability will drive confidence I hope for a 2024 conclusion.
If we are going to around being still for sale in 2025, then I would prefer another leader. Scott isn't impressing me. Just imagine how excited we would all be if he had said that he is having meetings with various interested parties in different countries. Instead, all we got was lots of tyre kicking, but no bid. What exactly is he doing to earn his salary?
Add, maybe we do…. But Scott is no saviour… he is just the sap that has to front out any PR while the people behind the scenes try to flog it… he has to say whatever he thinks will sound good and point to minor things as big accomplishments until it comes to a close… he is just a caretaker until the Solg story splutters to an end
We hit 40p off an exploration hit at Porvenir… we have no such catalyst anymore as we are mothballed with no exploration, in the hope of a firesale.. so without a very successful sale, we will not see 40p again
He has obviously been chosen because he's fairly hard-nosed and is capable of getting things done.
But other than that he's just a proxy for Mather, Sangha and Irwin.
Kicking Scott out solves nothing. It just makes people feel better. It's not the time to think about what we may want as individuals. It's time to vote tactically to benefit the collective.
I wish people in the UK had seen this before the 2019 tory leadership vote because had they we may have avoided the delight that is Boris Johnson.
Covgaz, in 2020 we hit the very low 10s looked like going single digits and it went on to nearly 40p last year with a crap PFS
There is little logic with this stock, more than any other I can ever remember its share price is massively disconnected with its true value.
So at 12.5 why would we not see 40 again or even higher. The mercurial BHP who Tesla claims aren’t here to subsidise those in at high averages themselves spaffed £45m acquiring shares at 45p each
They’ve not sold
Orthern, we have more in common than you think.
I too am fed up with the slow progress and current sp. I do not pretend this is without risk and have said so many, many times in the past.
The difference between us is that I think SC can deliver something and, as Bozi has just said, he represents our best chance.
It makes no sense to get rid of Scott.
If you so desperately want a deal in early 2024 then you need Scott. Vote against Scott now and you're kicking off another 12 month recruitment process, except this time there's no Keith Marshall around to hold the reins.
We shouldn't underestimate how those guys came and went in recent years either by the way, if we're looking for reasons for being 12p and weak. The executives with backgrounds in mining walked away. That is an indication of much bigger issues at hand than we've given credit for.
As I said earlier in the week, it's all on Bob.
All the more reason for Scott to get up off his duff and go and talk to the Saudis instead of waiting for them to approach him. I guess he isn't hungry enough.
If solgold are still around in 2025 and focused on Cascabel, the share price will be single digits….
We will have had to print hundreds of millions of more shares simply to stay mothballed.. we would still have spending commitments of over 400 million dollars across the portfolio.. and even if we hand a chunk back, as we are incapable of JV ing them, there are financial penalty clauses to relinquish, that we can’t afford.
And at a single digit share price, our market capital would not be capable of getting the credit lines needed to develop…. Or paddle our own canoe…
It’s firesale or bust now…. Scott knows it, Sangha knows it, Irwin knows it… the best we can hope for is competing bids whenever it happens…
I think they call it sh*t or bust .....hey ho ...11"s next Friday?
I'll try to explain my thinking. I'm in here for 32k @ 27p. My investment in now worth around 14.5k , I don't look , it would be like looking the devil in the eyes.
So add , I have decided to let it ride. As Orthern said , we expect a sale of some sort , so I will see what return I get back.
If I were to sell tomorrow and realise my 18k loss , and the day after the offer came in at 18p I wouldn't be too happy. Hence the wait.
I cannot fathom how even the most ardent supporters like CD and yourself can just sit behind those keys with the sp at 12.5p and expect a good outcome.
I also didn't say the sale price would be below todays price , did I? No.
Have a good weekend .
I'm not giving you advice covgaz, I simply fail to understand your thinking. It makes zero sense.
You believe a sale will be at a lower price than today's and yet you continue to hold. Utter madness.
Anyway, I don't give a toss about your decisions, but I get every bit as bored by your negativity as you do by my views. Let's leave it at that.
Add, I have to agree with Ortherncopper's sentiments. You cannot imagine just how annoyed I was when I heard Scott mentioned the word 2025. None of us are expecting to be still up for sale with an open ended SR until 2025. What about the Ecuadorians who are expecting building/production starting in 2025? If he has his mind set on 2025 I can see why he isn't in a hurry to sell the company. Plus, if he hopes to build bridges with BHP & Newcrest, why does he keep banging on about them voting against him? That's not the language of reconciliation.
Spot on Orthern , I feel the same. I expect a sale of some sorts , that's why I'll just need to wait it out and see what I get back. It certainly won't be what I invested.
Why do people think they have the right to advise folk to sell up?
Don't they think people know they have that choice?