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Seanhunter you make me laugh.
Quibbles points you listsed.
1=) I think Quibbles is wrong on this point as value will be attributed as we proceed.
2=) You call the diverse book silly and agree with quibbles point, but what you have explained is the diverse book theory only very clumsily.
3=) The merger with CGP was about bringing ENSA under one roof and allowing Solgold to advance Cascabel as directed in the Strategic review. By the way why do you think we took a 0.6% royalty for Cascabel if we were getting a bid.
That would make no sense, but if we were proceeding to production it makes complete sense. Let's await the strategic review.
4=) Agreed with this part, the current cash pile can only be used for Cascabel so we are using it to advance Cascabel further on to production. What else can it be used for ?
Red, I most certainly hope so ! :)
The other issue with Quibbles' theory was that he was unable to explain away the Nick Mather comments at Noosa last year, or the comments Mather made in one of the DGR RNS (I think it was on the Osisko funding). Unless Mather has been telling bare-faced porkies, he is in alignment with the fast and smart strategy as set out by Sangha and co to monetize the asset.
If he performs a volte-face and is in fact set on seeing this through to first ore, any final ounce of credibility SOLG had will be gone and I'll be selling up at a loss.
I agree with you though Sean that he shouldn't have been banned from this BB.
Thats exactly what they are doing Richr...
Merger complete...first bid incoming...
Cheers
Sean, much of the ‘power’ to determine where this share ultimately goes, lies with our directors. They could facilitate some form of sale tomorrow if it suited them ? We’ve seen a lifestyle situation enduring for years now - directors earning fat salaries while shareholders lose value.
I for one would like to see our company acting to maximise shareholder value. Just my opinion of course ….
sean, the problem I had is that I just don't like pompous braggarts...they remind me too much of my late father-in-law.
PS I am not a Quadite
TSX GBP adjusted prices converging...
SOLG 0.28 = 17.08
CGP 4.08/15 = 27.2 = 16.59
UK quote 16.58
I read this AM RK stating he would like to use cornterstones share cash to buy shares in. Ok
I am generally a supporter of RK
I think it would be better to buy, calling EGM, to get the ability to issue shares if no decent bid appears( reserve way forward). I cannot see why circa 20 different Blackrock funds would all vote against. that would give us a fall back position that isn't available currently. Get this done then go with RK
Addicknt I think I'm feeling guilty for ganging up on him, even though he was ahving digs at me from his very first post.
I'm also aware that many older people are lonely these days and want a place where they can chat and feel valued, maybe unaware at how bigheaded they might come across as,
He did hold the same views as Quady, even though his opinions seemed more logical and grown up than Quadys. I've been wondering about the main ones:
1) The Sp won't go over 20p for years, until production reaches a critical mass.
2) We won't be sold because, unilike Quady's silly diverse book theory, there is a simply "triangulation" between Mather-BHP-Newcrest all pulling in different directions but not wanting to be sold cheap.
3) The merger with CGP was about swallowing them up and neutralising them.
4) We are going into production and that is what he current cash pile is for.
I strongly disagree with all of the above, but at least they sound like salient points when Quady isn't saying them.
I can only be proved right in my beliefs by one event - a bid. Until then Quibbles and Quady and others have every reason to believe what they want.
I can see more and more on this board getting impatient, but what can we do? Wait at least until after the merger is fully signed and delivered, which is when I suspect a bidder might make a move.
We are all stuck - waiting on a bid that may never come, or waiting for production that may never start.
In this ongoing paralysis, what harm were a few anecdotes to pass the time going to do?
I think that most of us can agree that the current share price is a farce, and way under valued - when compared to the potential asset value in the ground ?
As shareholders, we surely need our directors to sort this out !?
No more (apparent) lifestyle milking of shareholders year after year.
Please get on and deliver some significant shareholder value !!!
Aimho
Short covering ...???
easyp
BHP have been trying to get us on the cheap right from the off...............
the way they have conducted themselves is a disgrace!
r's
bn.c
FlyingHigher, I think most of us would be much happier if we were no longer holders of this share by the end of the year, and the SOLG story was over. But thank you for your well wishes.
easyp, I think I'd dispute the claim that BHP have not shown more interest. The fact is they've invested a good deal of cash and, over the past two years, have become active investors - albeit not in a positive way.
A huge wedge has been driven between the company and them and the key question is, how will they eventually react? back-oof and slink away with their tail between their legs; or stand and fight? Mt money's on the latter.
SharketMare, I stand corrected and in that case I wish you and all holders a very boring year.
Red Knight I admit to being perplexed re BHP hence my post so thanks to all who responded. I am surprised that BHP have not shown more interest in SOLG but maybe they will reconsider that in 2023?
https://oilprice.com/Metals/Commodities/Extremely-Tight-Market-Could-Push-Copper-Prices-To-Record-Highs.html
Backing off in the last couple of hours...
Solid volume overall today and quite a few trades going through of a larger size...
Lets see if Canadian holders sell their shares this afternoon...not likely as 99.8% voted in favour and aren't getting the cash...
And, SM, during the same period the SP has risen from 24 to 40, down to 13.76 and back to the current c16, fluctuating significantly in between...
sean, you were really taken with Quibbles, weren't you?
Everything he said about the company was wrong and it was quite obvious he knew very little about the business. And as for his anecdotes...
Having said that, he shouldn't have been given the heave-ho, which was a ridiculous overreaction.
FlyingHigher, remember what Quibbles told us:
"The future doesn't belong to the fainthearted. It belongs to the brave."
Boring? I can only assume you haven't been following this stock closely for the last 12-18 months, or your portfolio is full of companies that have been through the mill more than this share has. Over the above timeframe we have:
- Had 2 new CEOs start
- Had a CFO start and leave after 8 weeks
- Had a failed fundraising
- Seen our coffers nearly run dry due to shocking mismanagement
- Announced intention to merge with a previously hostile partner and investor on our register (CGP)
- Lost our Finance Director due to a "change in strategy"
- Launched a strategic review of the company
- Brought on a strategic investor and potential buyer
- Delayed the publication of any further studies on our core asset
Whilst many of the above have been disappointing developments, to suggest that things have been boring here is pretty far wide of the mark. I wish things had been more boring and the business had done what it set out to investors in a timely and effective way.
They won't be a producer
The trouble with Solg is it's just boring for a very long time now. No major inflection points, just meh while they figure out how to be a sustainable producer
January 2023...
"Stocks that are considered blue-chip stocks generally have these things in common:
Large market capitalization. Market cap is a measure of the size and value of a company. ...
Growth history. Blue-chips have a reliable, solid history of sustained growth and good future prospects. ...
Component of a market index. ...
Dividends."
"Should you Buy into this Blue Chip Gold Stock
NewCrest Mining Limited (“NCM” or the “Company”) is the largest gold producer listed on the ..."
https://www.aceinvestors.com.au/segment-specific/1/blue-chip