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I have not sold out of this share, and never stated I have.
I reduced my holding here on the day the PFS was released. With the benefit of hindsight, I should have sold the lot, but I remain a holder here, but will exit if we ever see 30p again.
This is simply a bottom of the drawer play now.
Well written and I enjoy your positive point of view on what we have invested in, a Gigantic Tier ONE! A rare finding which will find a buyer at a good price, for sure!
Needalife - DG1 has been posting on these boards for many years. He is active on other platforms under his real name and as such is highly credible. Unlike some, he doesn't feel the need to hide behind a veil of anonymity and spend their retirement trolling a BB of "sad sad desperate people". Makes you wonder who really is the sad act on here?
Dm. Your hoping for an update confirming solg is up for sale. You must be the only person on this planet who needs an update to confirm what blind freddy has known for several years.
You say you've been away, and don't know what's going on. Unbloody believable, the sh,, te posted on here
If you're trying to read in to comments about the data room, remember they didn't come from Scott. They came from an anonymous poster on a BB. Extreme caution required.
Fort describing Cascabel as 'Stunning' sums up his repetitive ramping perfectly - note how he ends encouraging people to 'ignore the noise'. I think it's the deathly silence RE: any of his predictions that he should really hope we ignore.
DM, I would recommend reading the "My chat with Scott today" thread where DG1 kindly shared insights from a call he had with Caldwell. The strategic review is "open ended" but open to change - there is no end date. Discussions with interested parties in the data room have slowed down due to political unrest.
You'll have to go right back to the start for the useful info as the thread was hijacked by the resident trolls.
DM, good to see you posting.
I share your view, although not the bit about using the cash for regionals - shareholders need a return. SC has told us various parties have been given access to the data room. Surely he wasn't lying?
Fort, I stand by SOLG not publishing anything material until late Q3/early Q4, and I'm sure you'll be one of the first to pull me up on that should we hear anything that causes a substantial re-rate sooner. I'm not quite in the same camp as orthern in terms of outlook on the company as a whole - I'm still giving management a bit more slack as they've been setback by things outside of their control. Though the absence of a real plan B is a concern.
The reality is, SOLG doing very, very little to drive shareholder value at the moment, and that's why over the short term I'm looking at options elsewhere.
Fort - I'm not going to mention my other holdings here but Needless to say, both companies have huge upside potential over the next 12 months. Much more upside potential than SolGold. That's the aim of the game isn't it?
How has SolGold progressed Alpala in the last 12 months? PFS was last May. Gandy drilling stopped months ago and won't be resuming.
The stunning project has you put it, has virtually been mothballed whilst efforts turn to trying to flog it. Stunning indeed. Stunningly stunning.
Let me know when you're ready to talk about that post tax IRR of 19% whilst our management is going doing royalty deals with every Tom, Dick and Harry. Stunning.
Not to mention that exploration cost per lb which is climbing beyond recognition given that the company is frittering away $80m on sacking people, moving executives, closing offices and generally shutting up shop. But no bother like Osisko and FNV know they get sorted ahead of us.
Meanwhile, gold price is struggling to break out despite worldwide financial turmoil. Copper prices are sagging as an indicator that global recession is coming.
Super time to be invested in even a company like SOLG with two quality assets and a regional pipeline that would make majors weep.
Bozi, indeed, which explains why I would like to see some clarification.
We've had many repetitions of the fact an SR is in progress, and has been for nearly a year. The scope of the study was as wide-ranging as it could be i.e everything was on the table and it seems inconceivable that nothing will emerge. Are the company really saying "steady as she goes"? That would be bonkers and I don't believe it.
Telsa. Your last week post referring to rk.
"The problem is this board, at these price levels, is very angry because rampers like red knight have massively hyped expectations of this stock, to unrealistic levels,".
Had you forgotten. What you said. So it's OK for you to call out redknight. But not me.
You have once again proven what a complete clown you are.
I appreciate that Addicknt and I agree. However, I've got to admit that I'd be slightly concerned if I was pro-takeover in 2023 to see the company push out plans to develop Cascabel further via cost savings initiatives that don't amount to studies with a view to securing project finance.
I mean, what are we supposed to take from that? I can't help but think it's the company's way of telling the market what the outcome of the strategic review is without surprising it. I'd be of a mind that the strategic review should be extended ad infinitum rather than have that outcome actually communicated and the SP chaos that would ensue.
Fort - you really are a joy. If I didn't know I'd have said you'd increased your position quite markedly in recent weeks. Instead of taking potshots at me, you'd be better unwinding your latest fantasy ramps. Wait a minute...the previous 5000 don't seem to have worked. Maybe knock it on the head and resign yourself to catching a bid like the rest of us.
Addicknt, Bozi has for sometime not favoured SOLG. So you want found a positive word comes easily from him. However, jog over to EEE or OBD or a few others and you'll see that he's far more capable seeing through the poor performance of those companies. Despite the sagging share prices, he's very positive.
He really does pick 'em! I guess you have to be invested to see the positives lol!
Still good to see investors that have sold out like orpherncopper and sharketmare telling all the other LTH's (and there are bucket loads of us) that we are not going to see or hear anything until end of the year and everything is bad or poor with SOLG.
Meanwhile in the real world, SOLG continues to progress the stunning Tier 1 copper / Gold mine which is one of if not the greatest discovery in last decade.
Forget the noise, the kids and bitter past holders... Alpala is stunning in every way. Everyone knows it. Tier1 assets NEVER end up gathering dust on a shelf. They ALWAYS make it to production. Why? Because there's so much money in it for the big boys and demand for metals is set to surge as supplies are being depleted everyday now and new mines rare as hen teeth.
No one counts you as a sensible poster
Bozi, my understanding is that both advisors were retained to produce the SR as a separate exercise i.e in Citi's case separate from their previous role in preparing a defence, which, in any event, is now redundant.
They will have signed an agreement which would provide, inter alia, a monthly retainer. Surely, it's not asking too much to expect some form of output from the exercise? Indeed, the terms of reference were supposed to deliver a transformative strategy which would set the future direction of the company. Caldwell now appears to be playing this down and I'd like to know why.
As I said yesterday, we will have paid a great deal of money for this work and I believe it's incumbent on them to deliver.
Good morning Bozi.
I know you don't buy into this argument, but would ask you to look at it with fresh eyes.
The diverse book has become more diverse.
So a takeover is even more difficult.
Citi has protected us from a takeover.
The only problem has been COVID has meant we have not advanced as fast as we could have, and so has been more expensive.
We are looking at this in the strategic review and hopefully this will give us a view of the future direction of Solgold.
Yeah.
Like we know what Maxit's motivations are. We know what Irwin and the other CGP shareholders favour and we know Citi's role for SolGold for a good 3/4 years now.
But does it mean we're any closer to an event that changes the landscape? My understanding was that you think it does.
I'm not sure it does. I think it's just as conceivable I'd not more so that Bob is wielding his bat at thin air and Mike Henry and Co are passing over any attempts to try and get them to engage.
One thing is for certain - we need some progress in Ecuador sharpish.
Ship, it won't contain any new price sensitive information. Instead, it will be a re-hash of what we already know.
Bozi, not sure what you're referring to. The position of the advisors?
Completely agree SM. That in my view is the primary cause. Wasn't questioning anyone's decision either.
Jezzoo - that's for you to decide. I'd put myself in with everyone else.
Add - I mean in the sense of your current position. Your exchange with Orthern yesterday a good example of what I mean. I read it thinking I'd rather like you to be right but had the gnawing feeling that Orthern would be closer.
DBW - it's not just this board. Every group of SOLG shareholders I'm a member of has gone very stale of late. Bulls have either sloped off quietly or are managing to hold their tongue rather admirably. The only difference with LSE is it's scarcely moderated and therefore disruptors can do what they want without repercussion.
I thinks any news on obtaining permits ( water etc ) is probably pivotal and things need to be accelerated whilst lasso still around …. I like the idea that any news will be hard facts about things that are happening/have happened rather than false promises about what they hope to deliver.
Bozi …. Yes I remain confident but, as a few have said this board has become fairly redundant of late
Bozi, how have I backed myself into a corner?
It's rare to see a post like that from Bozi.
Which camp is Bozi in though ?
The only options are happy clapper or troll.
Neither look appealing
Bozi, the situation hasn't been helped by a total lack of actual news to discuss from the company. Very little has been done or will be done in the short term here to drive value, at least until the company finally decides which of its exploration targets it wishes to drill. Until then it's a case of waiting for the permitting (deadline we were given was by end of this year), hoping that the politics calms down, and that at long last the hand of a major is forced.
I imagine the LSE mods/admins are too busy trying to fix this increasingly cr*p website to ban people like Ray and Needalife.
No news, nothing to discuss. When something is announced I hope some good debate returns.