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Typo to meant buyers are back
Typo …… digging
DM …. Thanks for ridding that up …. Glad there’s some kind of incentive
Baiters are back as this around 40 percent cheaper then last week or so
Be very, very greedy when others are very, very fearful.
Large drop on small volumes- this is able to recover very quickly.
This rare, tier 1 asset is still there and wanted.
There's a number of parties interested in Cascabel who have signed confidentiality agreements and have visited the site. Watch out for those Chinese - and BHP need to be careful otherwise they’ll lose it.
Hold in there for the big reward.
GLA
Needabrain, this will come as a terrible surprise to you, but not everyone on this bb has led the same sad, useless, miserable and failed life that you have.
Addicknt, CEO's tend to be aware of the share price when major shareholders or fund managers get in touch and say 'wot the xxck is going on'. Remember, we have some heavy weight investors but imagine BHP are preoccupied with OZ Minerals alignment after multi billion purchase and Newmont... well they are a tad busy with Newcrest deal. I doubt either will be too bothered until of course Scott announces a deal they don't like or are not involved with or another royalty deal.
Despite all Bob's postering, he's not actually delivered anything that would make BHP react or force them into a bid.
Adikt. Funny how you know a couple of ceo, s who back up your post.
Similar to your neighbour, the nuclear physicist who backed up your heat pump argument.
Your a fortunate man to have such friends.
Little movement upwards starting now
3 for me Add.
Bob clearly stated that the company isn't a pump and dump company. Consequently, they will not be focused on the SP which is why SP performance should be part of their KPIs.
3
1) Are they staring at the screen like startled rabbits in the headlights wondering where to turn next?
2) Are they keeping quiet because they're close to delivering a monetizing event?
3) Are they ignoring the current panic and are simply getting on with negotiating licences, the IPA and all the other stuff that's been talked about in the belief that the announcements of these agreements will resurrect the share price ? In fact, do they pay any real attention to the share price? (I've known one or two CEOs who've claimed they don't look from one month to the next, which always struck me as being pretty irresponsible.)
Fort, wtf are you talking about.
I only invest in exploration companies.
for you to try and make a case for them all to be in the same position as solg. is as usual
with your posts utter rubbish.
I could name you 5 or 6 I am invested in, that I am
more than happy with,
solg is a basket case. and what is more ridiculous, there's a good chance now that solg will be sold in distress, yet
the only thing we want to talk about is wether we will built a mine or not. it probably won't be ours to build.
this board gets more ridiculous by the day
1984 ….. which begs the question which news becomes the most relevant?
Previously it was drill results etc we all craved , now something as seemingly drab as a tailings license or sorting the pipeline could prove key.
Any suitors ( assuming there are some ) would want as many of these obstacles sorted as possible
But Sirius had only one suitor willing to take it on, once costs became prohibitive to build the mine, they simply waited and picked it off.
At least two parties want this, probably more. At these levels the starting pistol could finally be fired
Yes i wonder how many stop losses have been triggered.
Also worth noting that smaller pi's that invest in miners tend to invest in other miners too. So you might have had a few forced sellers due to liquidity issues after HZM's sp collapse and a few other miners out there. GGP also fading and we know there's quite a few that have SOLG and GGP in folio. So that's going to hurt and force more to sell.
Race to the bottom as they say until the market decides it's time for it's xmas bonus run lol!
There doesn't appear to be much float either as main holders (large holders) have around 45% ish or higher between them and are not selling at all (based on lack of TR1 updates). So assumption would be that out of the remaining 55%, you'd thinbk half of those would be tucked away as well. But that's a guess. If true it would leave around 25% to 30% shares to buy or sell. On that basis, that's still close to 900m ish which is more than enough for liquidity but lets get real here... the big boys are not selling, volume is fairly low considering the sp level and order book looks light so if a big buyer wanted a few million, then they couldn't get them at this price.. they would likely have to pay 13p to 14p to acquire 4m or 5m of the shares out there. Unless the MM finds a matched seller for them.
I'm still surprised that the Chinese have not stepped in and bought up a few shares but guess this level suits them right now especially if Scott had them ear-marked for the 100m share placing in q1 next year. Or ... big buyers are lacking as they want elections out of the way... and like rest of us... want to know whether the Tailings/Dam site investigations are complete and all good.
There's lots going on and loads that needs factoring in but like you say... the sp is no real point of refernece when value story comes into it as proven by a 10p share price today followed by a 45p share price months later.
Scott and Bob have to deliver a solid reason or bunch of reasons why the market should value SOLG higher. Simple as that.
Not going anywhere shipright 😉
Remember this has gone from 5p to 80p in a couple of days before and from 1.5p to 45p.
The Chinese build mines. The Chinese build roads, dams, bridges, pipelines etc etc etc. They've been doing it in Ecuador for the last 20 years+
It's just semantics... SOLG will not be 'building' a mine. Nor will they be risky the equity (shareholders) in funding or building a mine. Scot has said... we are not mine builders, we are mine finders. That's all you need to know.
Somewhere in the middle is an opportunity to do a JV which uses either BHP's mine building skills or the Chinese etc etc and somewhere in a JV like that emerges 'risk' and 'capital'. These ultimately decide whether SOLG ends up with a minority interest which is given a free ride to production or some kind of deal.
Or... like most think... we just flog it to someone that 'wants' to build it and is happy with the risk at a price that pleases all involved.
Peace of cake isn't it?
DM, re your post at 9:26.
I suppose everything hinges upon the word "development". Does it mean we actually construct a mine before selling it? Or do we simply design it? Do either of these activities really add shareholder value? Given the amount of money required, I can't see how they do.
This has caused so much confusion and you've got ask why don't we simply admit that we are explorers and leave it at that?
If we break 10.50 and stay above is positive sign for move back to 12/13
The Panic started after the Update, too late now, should have sold at 14p, and increased my holdings at 9.8p, but we all dont have hindsight, Only Hope left!!!!!
Hopefully no one panicked, this is a BUY price