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Good morning addicknt.
I don't think there will be much to announce.
Maybe something about the regionals but unlikely.
Could it possibly be the outcome of the strategic review in which case we get a RNS on the morning.
It will not be the explotation license as just an RNS would surfice.
I don't think it will be the announcement of a JV as don't believe that could be kept quiet.
Maybe we have a funding model.
But in all honesty I would be surprised if it was anything substantial.
I just think it will be the same presentation to a different audience.
The announcement of the presentation specifically states that it concerns 'recent activities'.
We know there is no exploration happening, therefore it can't relate to that. We were told 'engineering studies' are being conducted, but nothing much will have happened in the past three weeks to justify a presentation about that, and I can't recall anything else of note that was said - other than the data room stuff.
Therefore logic would suggest it will be about something new - something which has happened in the past three weeks.
Given the company's long standing capacity to surprise, what have we not considered? An amended PFS? Government licences? A public-to-private transaction?
And what about the possibility of bad news? We're not short of cash, so we can rule that one out; but is there anything else?
Idle speculation, I know. But that's what being a private investor is all about.
Eloro, he probly didn't reply, because his hand was shaking from you severally ticking him off.
Another example of the inflated ego and self importance of posters on here.
Gave Caldwell a severe ticking off, ranks as one of the funniest posts I've ever read.
Eloro take a tip. Get on the bus
You will be late for school
I have a feeling you'll be 'all in' on Monday lol!
Strap yourselves in... I get the distinct idea that after almost zero news over an entire 12 month period... the news machine is about to kick in. And why not? Scott's got his 17p options. The chinese have mopped up some loose stock too. All are nicely positioned and have been for a couple of months now. Always better to wait a while after issuing options before releasing any big news. Looks less dodgy lol!
For those that are sidelined, ... it's a non event... stay sidelined ... you'll be ok. You won't miss any boats here or the big one... or... maybe you will. That's SOLG for you. FOMO has and will always rule the roost here.
There's always another bus as they say... so don't stress. Loads of stocks out there that can do 3 or 4 baggers... you just got to find them.
Funnlily enough, I was just thinking the same about a speculative spike if we see an RNS first thing add. Could be good short term trade as the industry must know SOLG or part of it is up for sale and something must have materialy changed from three weeks ago. Might be a case of sell on the news. I might add a few in the morning for a trade. Good luck for the week all, let's Hope they don't b4ll5 this one up. C
Bozi, yes, logic would tend to suggest it won't simply be a re-run. But then again this is Solg.
I wonder if we'll see a speculative spike in the sp before Thursday?
Not fast and smart then? This week will tell , lies n all.
I've been giving this more thought and I'm still of the mind that something more substantive is coming. I just don't see why you'd present again so soon after the last if nothing had changed, particularly given the last meeting wa just 3 weeks ago.
Unfortunately it also poses the question of what the company's plans are. To me, you wouldn't schedule a meeting if you were receiving change of control proposals, but you might if you'd carried out a revised mine plan and wanted to present it to the market.
I suspect, and this is nothing more than speculation on my part admittedly, but I'm of the view the company is going to bring the strategic review to a close and push on with the new study, potentially with an indicative financing strategy too.
This will send one or two for the hills I expect, and that's fair enough, but I can only assume at this stage that Bob's bat has not connected and it's back to the drawing board in order to advertise the new figures for those not in the data room.
I wrote to Scott and gave him a good ticking off after the June 22nd IP regarding him giving us a vague presentation, for changing the SR to being open-ended, for not communicating any near-term deliverables which would turn the SP around, for not saying anything to reassure us that solg is now in capable hands after his critique of previous management, and I also asked him exactly what he is doing to earn his salary given that solg is currently not carrying out any exploration. Suffice to say, he never replied to me. But that's OK, I think he is now fully aware that we have expectations and that he should deliver shareholders value like he promised.
If the coming meeting is more of the same, I will telephone him and voice my displeasure.
They would have to be massively stupid to arrange another investor call circa three weeks from the last one that didn't really reveal anything new and then not deliver anything significant again. My hope, is this time we'll get something more significant. C
Unfortunately I believe Solg is now and has been for a while, a bottom of the drawer share to hold…. Or a share to trade around the edges to try to reduce any average price of a holding.
As a company, we have struggled/failed to joint venture anything, despite being told for several years, they intended to begin joint venturing the regionals…. I clearly remember Twigger on a stage at some Presentation, way back, asking anyone interested to come forward… it was like a desperate plea.. 6 months after claiming they were in due diligence with interested parties….
I’m left wondering the true economic viability of Cascabel in the current credit cycle.. We would obviously cripple ourselves trying to progress it ourselves… and all the big boys know it… so don’t need to rush in to any Monetisation deal… and by monetisation deal, you could now read ‘rescue package’ as any major interested in Cascabel knows we are mothballed until someone steps in… or until Ecuador reclaims the license due to Solg and they can then deal with the government themselves..
All the promise of any further exploration has dried up under Cauldwells ‘efficiency’
even the like of Irwin have clearly tempered their language regarding the possibility of any deal in the near future…
We are stranded…. I’m left wondering what our current management can achieve…
I’d very much like to be wrong Add, but my expectations are for more fluff and bluster from us… more talk about making Solgold more efficient… (vague non specifics about lowering costs) more vague non specifics about the Strategic review progress…. ( a convenient thing to hide no corporate progress behind)
I’m guessing it’s just another attempt to keep the low level investors happy, to again portray the ‘oh everything is going great guys, going so well back there… the guys are really putting in a shift’ generic, vacuous and vague presentation, where someone talks for 25 mins, but actually says nothing…. I really do hope I’m proven wrong
Orthern, what's your expectation for the presentation?
I hope your right Add, and that something substantive development will be the reason for this presentation… however I doubt it will be… I’d be surprised if anyone moves before the imminent election. . Solg management seem more than happy to just coast along achieving vey very little… thy seem to have become a lifestyle company for the board…
Wow adickt. We're did that come from. Geeeeeeej.
If you get a minute mate, look up reality in the dictionary.
Unbeeeeeeeeleviable
Just received this from "
scotty"
Hi needy, I understand the natives are restless on lse.
Let me put you in the picture mate. The reason for no news is because sir nic mather, his holiness, God bless him. Has run out of people to argue with and locked himself in the data room. We're afraid he will start beating himself up, but can't coax him out. Nobody knows what to do without his astute management skills to guide us.
Even worse none of the 76 customers waiting to access the room can get in. So we're up sh,, t creek.
I wonder if you can ask my good mates to nominate one lse person to chat with me for the time being. Perhaps you can have a word with the Faithfull loyal chappies to keep up the good work for another few years.
Got to dash mate, need to cash my pay cheque before we run out of money.
Love scotty
AgArCu, where exactly did I express 'excitement' with regard to this week?
In my original post I merely outlined the two possible interpretations of the news that another presentation is to be made. And when I said 'we shall see', I meant just that. It was a factual statement. I also said I'm looking forward to seeing how 'things pan out this week', this too is a factual statement.
As it happens, it's my view that we won't see the release of the news many of us would like, although I'd love to be proved wrong. I do however believe that it won't be a re-run of the last debacle.
If the presentation is about a corporate event, my speculation (obviously it's no more than that) is that we'll see the spinning-off of the regionals into newco accompanied by a fund raise of some description for the new vehicle. We'll be offered 1 new share for every 100 existing shares held. Our existing plc will retain ENSA and we'll see the introduction of a jv partner via a significant placing - almost certainly the Chinese. These events will require the shareholder approval SC referred to. RK, before you say we've got enough cash, I know we have. But if I'm correct I believe the company will want to set out the stall for the future of Cascabel and that will involve a significant chunk of money. Again, I hope I'm wrong and, to quote Trump, majorley so.
Before I'm accused of wishful thinking, flights of fantasy etc, please note I said this is mere speculation, which, as far as I'm aware, is still allowed on these boards.
Incredulously Dreamboat, now joins the growing list of lse members who have a contact at solg towers.
49 billion share holders in solg at last count.
But scotty???? Has the time in his busy schedule to chat to half a dozen lse board members.?????.
Even more incredulous the likes of adickt and co
who like to come across as the font of all knowledge take in every word, and even ask for the email address.
Then even more incredulous, if that's possible, berate anyone who questions these ridiculous contact claims.
If that makes me an infesting I posting incoherent Blackrock stooge. Then thank christ, at least I keep some credibility
I've just seen dreamers email to "scotty" ref "comms"
Dbw to scott.....
Hi scotty old mate. It's DBW here.
Be assured it's not me mate, but some of the philistines on the lse board are kicking off again about no news.
As I said scotty you know its not me. You know you can do no wrong in my eyes. It's them restless clowns on here who don't understand that it's all going to the solg master plan.
Must go mate lots of love Dreamy.
Scott to dbw.
Hi D B.
Sorry I've not been in touch lately.
I can tell you in confidence Dreamy, because I know that no matter what, you will keep the faith.
But in all honestly Dreamy we haven't put out any comms, because we're floating round completely clueless as to what to do next.
We thought we would spin a story about a packed data room. But only the lse board swallowed that one.
But I know I can trust you to keep posting positive news to those fools on the lse board. After all you've been doing it for 8 years.
Love Scotty
Okay big man 💪 very assertive 🤭
Post all the investment advice you would like. We're all very impressed that you can name dividend paying ftse companies 👏 anything else for us?
Aggie, I'll post whatever I like and feel free to do the same. You won't see me telling people what they can and can't say.
Afternoon Red
Hope all good with you ?
I agree with Add ( or one of his scenarios ) the release of another Q&A session would make no sense unless it’s all part of the big reveal and Scott is in a position to say way more this time . It could be to clarify our path moving forward and by default settle some long running arguments here.
The extraction licenses or an updated investment protection agreement could also be key. The new website is due to launch this week so maybe it’s all tied in somehow.
I was told by “ the company “ recently, when questioning them on the lack of comms,” news would only be released when either they were obliged to or it was significant “
Here’s hoping for a good few days and some significant news next week
He coming week? Absolute snooze fest. But don't let that realism dampen your excitement. Maybe just accept you're wrong by Friday?
And I'm sorry if you can't understand me. I'm fairly confident that's not my issue though.
And as for your anger or apparent lack thereof, I don't mind either way. But please don't feel the need to fire off any more unsolicited investment advice. Okay?
Rcgl...last time Nick tried a bid the CGP Board insisted the shares were worth at least $12.50CDN and up to $20 while dismissing the SOLG approach ass derisory...
In the event we got CGP for not much more than $4 and 100% of Cascabel to boot (plus CGP's properties)...
Seems like a much better deal to me...
Rgcl2
Owning 100% or 85% makes zero difference to the saleability of Cascabel/solg etc no matter what anyone posts about corporate structure etc
That 15 % is minuscule in the greater scheme of things .
Mather was way too arrogant years ago when he was spouting solg could get funded for anything and holders believed his BS. Subsequent CEO’s carried on the same mantra. I remember one of the preventions alluded to investors throwing money at them before the first royalty deal when they weee running out of cash and this was when finance was cheap and plentiful. The outlook has changed massively on the finance front and not for the better but most holders on here still think they’ll get top dollar in any deal.
When will investors realise corporate employees are there to promote the company so everything is always rosy, it never ceases to amaze me how holders are desperate to hear positive news from company personnel and their close contacts.
You’d think holders would realise after years of disappointment that CEO’s always big up the company no matter what the news is and the news is never as good as what is promised nudge nudge wink wink