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How are people going to vote in December if SOLG is still around?
My patience is wearing thin. I won’t sell cheaply as I’ve been here too long but I’ll be happy see some old management go at the next AGM. Moller got the boot, who is the next cab off the tank?
Waiting 2 years for a French translation was a joke. Don’t lie to us Nick. Make us money or go. Shareholders aren’t on salaries, so time is money. What drilling has solg done lately. Where are the RIO results! What updates do we have on Moran. Solgold is worth fighting over as I believe in 5 years time copper will be in high demand and the price will be much higher.
Orthern, You believe in the assets because we know they are there, what you don’t believe in is the board, but you don’t know what they are doing do you? They don’t control the sp others do, so wait and see what they are doing because I can guarantee they are not doing nothing as they have a lot too lose as well, DC is settling in Ecuador quite nicely and with the government, so a little more patience I think is needed
Orthern Agreed but clearly something has to give soon, if nothing changes before the December AGM they are toast and they know it …… I remain convinced something will happen very soon , whether it’s a takeover an asset sale or a JV take your pick ….. Irwin still reassuringly schtum ATB DBW
I simply don't understand Solgolds reluctance, or is it inability to monetise some of what we have to fund....
As I posted recently, the board are like an old age pensioner living in a small, dirty, squalid little house, with a basement full of valuable antiques, but because they can’t bear to lose them, they keep them locked away while living on handouts… from us investors.
nice analogy sean. I have said for years that the interests of the big boys vs the interests of us pond scum couldn't be more different. The former only caring about ownership, and the latter only caring about share price which simply doesn't move in relation to the Mcap due to the never ending dilution and funding requirements.
That's why I started trading this years ago. A mugs game holding this unless you are extremely lucky and manage to get a spike. We basically pay to get this company up and running taking all the risk with zero reward, whilst the majors reap the benefits. for now, the mcap is only proportional to the amount of suckers SOLG can muster to take all the risk with zero reward at the next funding round.
Those of you happily strapping yourselves in for a 15 year journey should reflect on this companys almost unique capacity for growth that doesn't reward shareholders.
MCAP has doubled since I first bought a Solg share 5 or so years ago. Doubled. The company is twice as valuable today. The share price back then was 27p, the share price today is 27p. That's dilution for you.
For the retail investor its like walking up the down escalator. Do you really have the stamina for 15 more years of that?
Share price is irrelevant. Your faith wasn't lacking when it was 35p+ a week or so ago or was it? When the share price drifts.... suddenly all the investors that have been for years sound tired and ready to chuck the towel in.
Worth noting BHP lost out on Noront. They wanted that one and got out bid in the end by Twiggy. I think some need to remember that SOLG has the hottest folio around in Ecuador and with copper prices expected to be double what they are around the time Alpala produces, the downsize risk is minimal. For BHP (and NCM) they need to pitch it right or better still find a way whereby they get SOLG management to buy in otherwise they both leave themselves open to counter bids by Twiggy, Codelco, Lundin, Rio or Barrick etc. All have or want big interests in Ecuador.
So I posit this... would BHP/NCM get a deal agreed with SOLG that allows Darryl and team to continue to knock another few cabs out? Or will they risk it and go for the lot and open to counter bids? With Mathers holding and Tenstar etc DGA... it's possible that BHP/NCM?CGP and Mather holdings could prevent a company like Barrick trying to out bid BHP and co. Why would Mather side with BHP (you must be joking!!) because it might be the best way to see another 3 x tier 1's delivered and another 3 or 4 years salary for Mather and his buddies.
Sometimes the closest enemy can often be your best friend if all get what they want.
Quady, you constantly quote supposition as fact, both with SOLG and your opinion of me. It seems that the majority think you talk nonsense too. You also don't seem to be able to differentiate between sarcasm and sincerity. You'd think after 40 years of being a superior investor that you wouldn't have time to post here constantly due to flitting by private jet between your Superyacht, the Monaco apartment and the house in Belgravia. More chance of a bid than ever, do you think BHP want to be diluted when they can buy the shares they don't already own for a not much more than the money they'll lose in the other scenario ?
The market simply doesnt believe tiny little Solgold can bring this giant tier 1 to production... and rightly so.
Only a full, water tight financing agreement will push this share price anywhere near where it should be without a bid or free carry JV.
But even if a full Finance package is agreed, I believe the market would soon begin to lose interest all over again and the share price spike would fall away.. as is traditional with Solgold..... I think the wider market would still doubt our boards ability to deliver it on time or without any crippling overspend, as they have never shown anything that displays an ability to do so.
LM, my fear is that the market is simply not willing to attribute proper value to anything we say or do and it'll only do so once some proper cash is put on the table in the form of an offer. In the meantime, every time we release something which, on the face of it, is good news , the market shrugs its collective shoulders and ignores it.
addicknt, I agree on Bozi's excellent post, and the missed opportunity of cheap finance and healthy capital markets.
In which case it comes down to (BHP's?) price. 40p for a quick sale and PIs have wasted years of investment, 120p and I suspect even the die-hard 'take it to production' fan says ok.
But SOLG are still drifting along and can't 'force' a bid.
Re: creating value in a reasonable time frame, the PFS Addendum is targetting $400-800m (pre-tax) in next 6 months, with DFS another $600m-$1000m in next 18 months. Even if SP only reflects a % of that, it surely offsets the cost of PFS/DFS work?
Hopefully Moran/Helipuerto will add a little excitement over H2, before the main events of PFS addendum and Porvenir PEA.