George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Go check the BOR chart; looks like it is about to break out.
A healthy retrace to the bottom of the price channel at 16 is a great sign as it resets the indicators for the next rise. Totally normal and desirable to sustain and hold a longer term rise. Don't forget that we had a reversal in the weekly and monthly, so this should have legs. Patience, grasshopper.
DM, agree think there is some leverage in either scenario but you'd think the Ecuador Gov would be super incentivised to assist SOLG with anything they need on ENSA... anything to help Lasso generate some much needed multi billion dollar headlines etc etc. I don't think exploration across the known targets are contentious in any way so can't see locals or issues there - after, we've already drilled 2 holes or was it three? on Rio from 1 pad. I do recall SOLG saying or implying that exploration wouldn't commence until weather improves so might have more to do with seasonal rains/landslide issues etc etc. I think ti can vary a lot based on north vs south.
Dinnermoney it wouldn't surprise me imho don't forget government hold the cards here they want investment but also want a return to be done in an environment/safe way as the recent bill that was implemented to all mining in Ecuador
The alternative is not going to production.
Listen to what the company has said.............
SP slipping because some people have made 20/30/40% profit recently .
Spoke too soon, Anon. Here's Fort back on familiar ramping ground. Share price isn't rising, so let's tell everyone it's because we're only moments away from a TO or spinout... And don't let an absence of evidence get in the way of a good ramp, hey Fort?!
As it's pretty dull today, thought I would posit the following for discussion....
Could the delay on Exploration targets (as far as we know they haven't started) be down to the fact that they are close to announcing spin off plan and ENSA sale (or talks of sale in progress)??
There is some logic in sitting on ones exploration hands if planning to spin it out. Why would you spend important cash via SOLG's bank balance just before you spin the assets out? Doesn't make sense does it? Far smarter to spin out exploration assets into CGP subsidiary and then use funds from SOLG share sale once ENSA deal done (5% stake). Or likely that Maxit et al will doing equity raise in NewCo which they participate in and gives them a chance to rinse and repeat with greater spirals in SP growth.
Here's a couple of examples on valuation creation (lol!).
1. As things stand, let's assume SOLG hits monster hole on Rio ... sp would rise possibly to Porvenir levels or mid 30's and then likely sell off as per the norm.
2. Let's assume spin out NewCo is under CGP sub.. market cap upon float is circa £100m based on exploration assets and porvenir. SOLG shareholders all get same shares, so lets say 3billion in issue (like they would reduce these) so 4p a share. Now... let's say we hit monster size hole on Rio... sp would likely rise to 12p or even higher as market cap of £360m easily doable. So holders instantly get a 3 bagger. Yes it would sell off as above, but the point is... the impact of exploration is likely to be sooooooo much better in value accretion than under the SOLG umbrella as things stand.
So here we are almost half way through H1 of which we were promised some $10m+ of spend toward exploration and surveys etc. Yet... we have heard nothing.
In my opinion, I think they might be close to announcing SR outcome and spin out. Hence... all exploration to be done through the new spin out company. Makes sense and could be very fruitful over coming months... more fruitful and less complicated than holding in SOLG shares alone.
It's nice to see you've stopped all your ramping, for now anyway.
Again...
Morning Kat2008, you have to realise that playing share price bingo is all that some have in their lives. They wouldn't be sat here all day, day in day out if they had hobbies or other interests!
Kat ...true
Who gives a monkey's if its 18p or 16p at close, we are all sitting here waiting for the next big news. Why not spend the time researching other prospects, or go for a nice walk, instead of playing SP bingo.
18p more like
Looking more like 16p here
Morning all.
I wouldn't be surprised to see the sp at 20p plus soon or happy to top up lower. What I will say is when we do finally explode higher learn to take your money, it's the hardest thing to conquer but it's the most sensible thing to do.
GLA
Agreed 1981, seems to have the mindset of a child.
DBW argh I see lots of them last trading week
Guys, go easy on bubble. He wants to ramp like the others, but he's not the brightest so he usually just settles for echoing their nonsense. Today he's really tried, he's just let down by his total lack of brain. Give him a break, yeah?
It’s the uncrossing trade …. Neither a buy nor a sell
I have 16:35 trade 147k buy showing blue
I have 16:35 trade 147k buy
Hi bubble
Take another look
147k typo apols
247k buy
?