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I know Miagi... I do have some nostalgia for those early online years. The screech of the modem, my mum shouting that she couldn't use the phone because I was online, the tense and seemingly endless wait for a grainy 36kb image of Pamela Anderson to download... However, I would prefer investment chat nowadays to be clear and easily accessible.
Have some posters besides RM been banned from here after the meltdown the other night? It seems unusually quiet on this board the last couple of days.
rcgl2, like that: "1997 GCSE IT Project" - perfect. I've always found it clunky, with terrible graphics and over-priced. Can't for the life of me understand how it has had any success at all. Guess it must just be due to them being a first mover and having customer inertia. Any new potential customer will take one look at the presentation, navigability and prices and turn elsewhere without a second look back.
While we're on it, how about when II changed their BB style a couple of years ago! What a fiasco - and what a boon for LSE! I mean how on earth do these types of things actually happen in "proper" businesses - the mind boggles. Hmm, actually when you see the likes of Trump and Johnson in power, you realise that truly anything is possible. It must be a great inspiration to realise that you don't need intelligence of the intellectual or emotional type to become leader of the USA.
Redknight - I think J London is actually a poster used to be here called "news" - the writing style is identical and used to end up in arguments with supposed "evidence" etc. Good researcher but as you say tedious
If solgold announced update on PFS production late Sep (to be issued as soon as possible) & in parallel were exploring financial funding routes/options are they obliged to follow a PFS/DFS/BFS production schedule or could they just roll out - here’s the plan?
I think they are waiting on the PFS and if NM knows that, he's clearly pushing the PFS as far as he can to end of year so it buys more time to explore licence blocks.
Not sure BHP will be too happy with Rio about to spud but guess they can't stop that now as even a bid phase will take at least 3 months to get through the process and Rio will have been drilled with at least 2 to 3 holes by then.
Book light on the ask but has heavy weight on the bid. Not much needed for this to be 32.5p level. Book is stacked with 100k blocks to 30p so if someone wants the price lower they will need to land another 600k block sell and that's getting a bit too obvious.
GAP at 28.3p. So would be easy to throw in a 28.2p sell order and get that closed on an intraday basis. It's now so close to that gap that technically it would be more healthy to just get that plugged simply to shut up the nay sayers for the next 3 months+. That said, market likes setting traps for sellers and buyers so might want that gap left open for coming weeks to keep punters guessing. If the gap was to be closed then I think you'd see the price jump back up fast as traders would be back in for the next run.
I couldn't give a pancake toss if the price was 20p today or 40p today... I just want to see the price 85p+ post Porvenir and Rio drills. A bid from there can see 150p+ if several involved with auction process.
Good post 1P1 - easy on the "relatively low grade deposit" rhetoric! Porv at 0.7% is already higher than Alpala's average grade and it's from surface! Additionally, there's an excellent chance that we will locate the core to the system at Porv, and then the sky will be the limit.
You could be right sunnybne.....NM's been recorded on past interviews stating that he'll "never retire".
My view is that a deal for SOLG will be done within the next 12 months. NM's clearly a dealmaker, he's got past form for this in previous companies he's been involved in, and he has a significant personal financial exposure to SOLG's share price through various entities he's involved in. As they say, a leopard never changes its spots.......
Alpala is a rare beast, given its size, and NPV looks decent. Porvenir looks extremely promising.Porvenir's vertical depth could lend itself to block caving, like Alpala. Newcrest's Cadia mine is a nice example of how a relatively low grade underground deposit can be mined extremely profitably with modern block cave methods.
I can't imagine a third part would bid for SOLG pre-PFS, too much career risk for their M&A team given the relatively high market cap of SOLG and the required bid premium. Hopefully NM's plan is to get as many drill rigs turning as possible, drum up interest in multiple tenements, issue the PFS and then field offers from interested parties.
I'm looking forward to the next 6 months. Everything to play for and lots of bonus upside available from new drilling (Rio etc.).
It still puzzles me why Cornerstone were quite so averse to SOLG's bid. If they'd accepted the bid and consolidated Alpala's ownership to one company, it seems to me that the corporate rationalisation could have been the catalyst for considerable value creation and a possible bid for SOLG. The current situation remains messy - I hope SOLG and Cornerstone can reconcile to enhance value for shareholders of both co's.
Well here we are less than a month later and SOLG is trading 26% lower and DGR is trading 12% lower than the SPP, with DGR shareholders missing the SOLG spike completely with that ill-timed suspension.
With so much skin in the game I can only assume NM is either an idiot or playing the seriously long game, which is unfortunately much longer than most of us expected or desired.
It's value accretive Covgaz. There's something else in the pipeline that begins with a P too. Can you guess what it is?
Going through a natural dip. Price at huge support and oversold. Assays are out now- not at all shabby for a start so removes a material uncertainty.
Price supported in any case by the huge value on offer at Alpala, where there is no uncertainty about the size and grade of the thing. Funded to BFS by an excellent deal with FN, I'd say we're quite comfortable overall.
what a different board from last night. Good news today...more to come and PFS must be any day now which I think will give the SP a boost although i know there are different opinions about that howeverIi like to be positive. I think the market is spooked over the USA election and will take a week or so to stabilise. Once things have settled down i expect a gradual daily upwards move.