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Simply your not invested, you talk of logic while you have none.
You talk this down and say your balanced but have objections to positive talk.
Don't worry your not the only one here.
I take on board there are negatives here but there are far too many people here spouting all sorts of negativity day in day out.
Granted we have the flip side with people constantly talking stuff up and I'm all for people challenging that too if it's misleading but come on dude pull the other one your never invested here in a million years.
And in short I'm not that offended and just find myself wanting to call out a few of you guys when I'm board.
I also notice they are starting to creep in to the telegram account with the odd snipe now too.
Anyway I shall leave the asylum to you and will pop in when I'm board as this looks like it will go on for another year or two....zzzzzz
Yes and no Add.
Good to have record of it of course.
Bit happier now, Bozi?
I'm happy to accept positive views Smickster. It's you that can't handle anything else.
That was why i asked you the question, that you got offended at.
Be fair here.
Thanks SM. That was about the only document i didn't bother with.
Yet my flimsy logic still sees all these still invested and none have walked away, strange that isn't it?
And yet your balanced views without accepting any positive views is also very strange logic especially for someone who's supposedly invested here.
SM, thanks.
NAL, WI messaged this the other day...
'The Chinese are the most likely buyers. They will take time to complete their due diligence for sure as it is a big project.'
This implies they are already doing DD on the resource. Granted this is an assumption and we all know what happens whe you make decisions based on assumptions, but Bob and WI know each other well and your not telling me WI doesn't have an inside track on what's going on. Make of it what you will, but WI was very confident of recycling his SOLG investment in time for the next metals bull run recently and that's positive as far as I'm concerned.
Hope you enjoyed mother's day. ATB. C
Add it was written in the prospectus that the company would update the market on financing following/alongside the strategic review in H1.
Ode to Mrs Kalbari on Mothers Day
Dear mother of mine on this special day,
We celebrate you, in our own special way,
You light up our life like a Solg RNS,
My present to you, a Nick patterned dress.
And don’t drink too much like my old Solg pal Pad,
A Barbie and tinny and we’ll toast dear old dad.
All day on the beach drinking wines, ales and ciders.
And finally watch out for those damned Shyte house spiders.
Best wishes
P
Sorry Bozi, I can't remember where it appeared, but I know for a fact it did - somewhere.
Add - do you have a source for that? I can't see one in any of the strategic review commentaries.
I know we had an open discussion on here about potential timeframes given that the implication was that the review had begun before the merger was announced, and end of 1H felt like a natural target, but I don't remember the company actually saying that.
In one aspect, the SR is a simple concept. Being "strategic", it is about aligning the company to a target audience, in this case investors since it has been stated that the primary objective is to sell.
The way to do that is by "advancing Cascabel", which implies various activities, from cutting costs to narrowing the priority list to redefine the resource and the costs and techniques for economical extraction, to arranging finance.
So "advancing Cascabel" is a pre-requisite to make SOLG appealing to finally elicit a bid from someone. This is plan A.
Naturally the SOLG pill might be too difficult to swallow, so in executing plan A is also a milestone for plan B, which is the case where no one buys us and we need to either find JV partners (plan B) or develop ourselves (plan C).
So, long story short, let's not confuse the strategy of cleaning up the house to make SOLG marketable (=the official line of "advancing Cascabel") with the strategic objective of develop ourselves (=what some think that advancing Cascabel means).
Than again, this has always been the idea, even NM was trying to dress up SOLG for a sale except that he did not succeed and actually made it even less appealing to the majors.
Just my personal opinion as usual, GLA.
Q, in my opinion Rule was wrong about that particular point. There are other outstanding issues which will have far greater weight than a financing package, which in any event can't be delivered without a BFS, and that's not even on the horizon.
Bozi, in answer to your question about the SR delivery, yes, they will. They committed themselves to delivering an SR by end of H1 and creating shareholder value. If they don't, they will have failed.
SharketMare I don't disappear, I just post less frequently these days.
As far as I am aware, it's not in an RNS, but was mentioned in the last webinar.
Quady, you seem to 'know' that, but every time one of us highlights from the relevant RNS what the strategic review is actually about, you disappear. They don't mention the words 'advancing Cascabel' once.
RR is entitled to his opinion, which is contradictory to the company's stated position that Cascabel has been 'adequately studied'. I have seen no evidence whatsoever that new management is pursuing financing options for Cascabel, thank heavens.
It's clear as day that we are up for sale, it's just a question of whether we can find a buyer.
SharketMare we know that the strategic review is about how to advance Cascabel.
It's about financing and planing.
As Rick Rule recently said, we need to put the finance in place before anyone would be interested in buying us.
That is what the strategic review is about.
It's about advancing Cascabel.
Padmaster. I've now counted at least 6 who deserve a ditty. Not sure what the weather's like over there old mate. But if its wet, it will give you something to do. Mothers day here tomorrow. Couldn't write a little ditty for my old mum could you. Have a good weekend. I'm of to a Barbie, so you won't catch me tonight. I will keep an eye out for spiders though pads. Lol
Bozi, FYI, I no an awful lot of history about solg, for someone who doesn't hold shares. Since I started posting I've been everyone but the pope. I'm an infetser an imposter, I'm payed by lse to disrupt. I'm a Blackrock stooge. It's just possible I'm none of these, but it's easy to side shift onto me, to detract from the facts. Also, it's interesting to note the rumblings from the troops regarding the way solg is run. It would of been unheard of 3 months ago.
Case in point - none of the capital letters I typed are showing in the below post.
"if the sr hasn't delivered anything of note before 31 dec 23 they will have been at it for a year whilst doing relatively little else apart from letting people go."
and getting paid via salaries and free shares too, bozi. imo there is no way they can justify not providing an update on the sr before h1 is out. as stated the other day i think we will get news that they are "in discussions with interested parties" with scant little else, buying themselves a few more months to get a deal done.
but we have to be prepared for the scenario that covgaz alludes to whereby we see an rns stating that the talks didn't bear any fruit or the potential offers didn't reflect the true value of the business. at which point in absence of a robust and credible plan b about the way forwards, the share price will tank.
it's a **** or bust play now and people should manage their positions accordingly. upside is potentially massive, but the downside could be very painful too.
p.s. this website has gone to sh*t after the updates - sort it out lse
That's a matter of perspective Add.
A hypothetical question.
If the SR hasn't delivered anything of note before 31 Dec 23 they will have been at it for a year whilst doing relatively little else apart from letting people go.
Who becomes the mis-management team then?
Mather who produced the Cascabel discovery, 3 MREs to derisk the deposit, a PEA plus a deposit at Porvenir.
Cazzubbo who was in position for a year, producing a PFS for Cascabel and a satellite discovery at Tandy.
Or
Caldwell and Maxit who will spend a year talking to Citi, talking to major shareholders and little else
At least the current mob are well invested. Our saving grace.
Some truths being posted here , as per usual the rampers don't like it one bit. I too fear for my capital should the SR not be up to peoples expectations , I see 8p incoming. And no , I won't be selling because I think that , I may be wrong and pig headedly I would rather lose the lot than sell now. Its only 32k , wtf.
Fort,yes just seen that