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Addicknt, we all have confirmation bias, the trick when it comes to investing, is recognising it, and looking at the evidence. Some people recently were getting tick ups for being racist, it's a nonsense. The people aren't ticking up an argument, they are doing so, because it disagrees with me. I actually tick up a lot of your posts, even when I disagree with you, as I think the argument is well made. I believe on the balance of probability that you are wrong, just as you believe I am.
iceberg, that's a fair point and I was reluctant to employ it in my argument. However, judging by the comments, it is the case that more people appear to disagree than agree. Recommendations are a simple indicator, but are far from reliable.
It's clear they haven't been releasing as much news recently. Drill 2 should be at 1200m or so now, the rest of the assays on drill 1 probably next week, the important qrt update probably Monday or tuesday. The 100 other bits of regional news they can or could release. Probably a media blitz up to the AGM imo as they will want the SP as high as possible. we've got the bait loaded AGM. Agreement with BHP or anybody else. Not to mention the PFS. If this doesn't rise today then I know nothing, which might be true!
Morning Ice Clear now we’ve been pinned at this level recently. I guess at while we were at 40p+ this placing would have been seen as excessively discounted. Now perhaps we can move on and the news can flow , big few weeks ahead
With all my years on here I can honestly say that the number of recommends has nothing to do with how correct a post is, never. A single boom might get 10 recommends and a very well laid out argument 0.
Morning smickster and addicknt, I have not changed my story, I have been consistent. I don't think everyone else is wrong. It's just I have been correct up till now. We will not hand BHP or NCM any more equity, and we will continue bringing other players onto the book. This forms part of our defence. Agreed anyone can bid at anytime. But they haven't. The numbers I give for the PFS are based on what we have in the ground, and the rising gold price. I am using 1500 dollars an ounce. The Alpala funding, means we have no requirement for a JV. Why would we raise the capital required, and then say let's JV. That would be crazy. We don't have long to wait, we will see. Also the Alpala story doesn't end with the PFS, we are still drilling. Good luck everyone.
Q, a PFS of $7bn would be wonderful and I sincerely hope we reach that point. However, I'm not sure it will and I'm assuming a figure of between $5 and $6BN - but obviously this is simply a guess - I'm trying to manage and temper my expectations. As regards your 'diverse register' - you claim that we misunderstand your point, but it's interesting to note that virtually no one agrees with you (based upon the number of recommendations your posts on this topic receive). Why do you assume everyone else is wrong and you are right?
Quady you don't need to divert and change the story to try and cover what you said. You say when we get funding no bids will come and that is not based on any facts as a bid could come at any time now or in the future. Its not an opinion ad you are stating "no bids will come" and that's misleading as you in yourself admit a bid could come if it's decent enough .
Novice - a challenge for you.... Let's bet eachother, re the 55p deal by CoP tomorrow? If it reaches 55p by CoP tomorrow (13/11/20), I will pay into your bank, the sum of £5000. However, if it doesn't get to 55p by CoP tomorrow - you will pay me £5000? Up for it, oh wise one?
Hello Smickster, it's my opinion, like everything on here is opinion. But let's run with my opinion for the moment. Why has no one bid for Solgold so far. Why if we acquired funding for the construction of Alpala, would someone bid at that stage. If we get a bid it will not be low ball. Hence why we don't have a bid. Anyone interested in Solgold needs to build a holding approaching 30 percent to launch a bid. If that starts to happen, then I will be the first to admit, that on the balance of evidence, that production is less likely.
Having been out for most of the afternoon, then in a meeting (virtual) this evening, I missed all the fun, but just ploughed through 8 pages on here. This share issue to the Chinese does make the share register more diverse, if at this stage by only a little bit more than before. In my opinion, this does make it less likely that a bid will succeed. However, NM is clever and able to do things that surprise us, so it is a case of "watch this space and something will happen" but probably not what any of us are expecting.
Hi SharketMare, apart from the bit, that you believe it's my long term view, that we go to production, I am in agreement with what you have posted. I have always recognized that we could get a bid, it just will not be under 1 pound. I was laughed at when I said this some time ago. I think that view is in the majority today. I have never said production was certain, I have always said, that it is the most likely outcome looking at the evidence. NM will bring many people to the table in the years ahead, he just will not give them as large holdings as BHP or NCM, without a tie in, like BHP's two year tie in. If NM could have given NCM and BHP less of a stake in the past, he would have done, but we needed the money. Today we have people lining up offering us money for a stake. The game changer will be, when we acquire funding for Alpala. It will mean no bids, game over. All the best.
I can't help but feel that you look at the evidence in a way that confirms your long held and well established BELIEF that this we are going to production alone.
I fully recognise that we *could* go it alone to production. But I feel that this is very unlikely.
I also think that issuing stock to a fund backed by an entity (and essentially anation) can be seen as evidence that NM is bringing another party to the table who might want to buy us out.
We know Alpala to be world class. One of a handful of copper gold discoveries of this quality in the last few years. The rise in nationalism across the globe is a trend I personally don't see reversing anytime soon. Securing commodities (particularly those important to economic growth such a copper) is a long term priority not just for the majors but also for countries.
Bottom line is this. If the Chinese or BHP want to buy SOLG, Nick Mather is not going to be able to stop them.
RE: New institutional investor ..Valuestone Partners12 Nov '20
Nick needs as many votes as possible at upcoming AGM. If there is a front building around Newcrest, BHP and Cornerstone, there has to be a strong opposite party consisting of Nick, 10*, DGR plus us PI's. The Chinese will be on Nick's side, otherwise he would not have chosen them. Will be an interesting AGM and good luck Nick. I will be voting for you.
Miagi you totally misunderstand the diverse register argument. It is not what it looks like today, it's how it can be altered, should we get a bid rumour. Your point 1, doesn't address this, it is reversed, as it is the exclusion of the main shareholders that is important. Your point 2, also misses the target. Why would NM want to give anyone 10% or more, it just makes another main stakeholder. That is the last thing we want. We can clearly see how we are going to raise money for exploration, and make the register more diverse in the future, as we proceed to production.