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Completely agree Damers...
*Tank = rank. Auto correct and I hate iPhones.
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.
Bubbles,
Yep it is, we have all been tested but it will come, Solgold has what the world needs so others will play ball if the so called big boys don’t
Atb
Patience is a virtue mathersfinger
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
Atb
I hope your right DBW.. I’ve waited too many years to walk away at this price. I believe in the asset, just very little faith in the board that control it
Fortisimo, that has to be in the top 3 most stupid posts ever posted on here
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.
Triumph
Considering the huge majority of the shares here are in the hands of ii’s which ones are you referring to ?
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.
BHP must be laughing their dummies out.
I am not interested in how many 'ologies' they have I can see the current share price, after all these years yes my faith is lacking.
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.
Miller / Orthencopper.
You both have obviously not viewed our CEO & CFO's CV's.
For if you had, you would / should have faith in them delivering the goods.
I agree with you Otherncopper, but they still keep getting voted back in. I have been in this share for several years and it is always sometime never.
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 ?
Agreed, hence my confidence there will be no bid inside 2022...
Very sceptical of our boards ability to deliver
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.
I am a big believer in the asset, just very
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.
Jezzoo you base your investment strategy on peoples posts with ticks.
I will base mine on understanding the fundamentals of any company I invest in.
According to you if we don't sell we are doomed.
If you really believe that you should sell now, as why would anyone buy us unless we can do this ourselves.
If we can't then a buyer will watch us collapse.
It is therefore a good thing that you talk nonsense.
LM, I'd refer you to Bozi's excellent post yesterday. He hit the nail on the head.
Yes, I do think we should sell Cascabel as I'm not sure how we'll create more value in anything like a reasonable time frame.
I'd always brought into the original strategy of this company I.e prove-up and flog the asset before moving on to the next one. This was a truly exciting and enticing prospect and played well to our strengths. All this production stuff is, as far as I'm concerned, pie-in-the- sky.
In any event, we are in dire need of some good news at the moment.