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Stackhigh, fair point.
There are lots of ways this can go.
Maybe they things are dragging as they are waiting to receive the ESIA before announcing anything. We're a much stronger ship with that in hand.
Hoo roo
What the outcome of that vote is telling us, the sooner we get out the better before cascabel become another Panama Cobre. We don't have the protection of international laws, anything can happen.
The way thing are going, we are not going any were fast and if some think, things are imminent think again, the price seems to be retracing back to the low pence's no one wants to take a gamble.
What about others though, bbg? We absolutely don't want a situation where only Chinese companies would consider investing in solg. In a couple of years time, when this starts to come good, we want plenty of parties able to express an interest. I wonder how many shares will be in issue by 2025? 3.8bn? 4bn? Who knows.
Bob the Bat explains this over on the Telegram Group. You can also chat to Tuffers
China wouldn't give two seconds thought to that result
The vote in Ecuador went against returning to International arbitration... which may explain some weakness in price..
https://www.tni.org/en/article/ecuador-holds-the-line-on-isds
Orth, you are wrong! Not everyone is peed off. Add believes that Scott is doing an excellent job by placing 1 brick at a time to build the wall and that anyone who doesn't see that can't see the woods for the trees.
Scott The Rocks Caldwell is an inept buffoon who is not ceo material. I haven't seen anything he has done to convince me otherwise. And oh, the SP is continuing its inexorable slide to 5p, again!
Cash in bank must be incredibly low.
I do feel sorry for anyone selling into this drop.
I believe we are incredibly close to news hence the silence at Solg HQ
Agreed Orth, thank you.
For what its worth, I believe they are crossing off all the negatives that Ecuadorean people had against mining, slowly all the bits fitting together to get a decent price when it goes up for sale/bid on.
You wouldn’t sell are car with parts missing and no m.o.t would you, be patient which is frustrating, but it will come imo of course
Enjoy letting off steam if it helps
Atb
I assume we are all ****ed off at the moment Woody.. Our successive management have been appalling for 3 years now. Nothing but fob offs , excuses and pleas for votes come the AGM.
I hope I'm wrong, but to me this has all the signs of financing has stalled, or hasn't been as easy as they expected/hoped for...
So I am fully expecting another painful, can kicking raise, probably by placing the CGP shares at a disgustingly cheap price, followed by some Scott interviews where he will talk about 'continuing to derisk' and avoid answering any questions regarding the now forgotten about strategic review... That will cause the share price to quickly fall back from any short spike.
IF... and thats a massive IF... Any monetising deal is being lined up, It will be far far below most peoples expectations, and will certainly not reward any long term holders for their investment... Scotts admission he would take 23p has already illustrated that.
This has been and will probably stay, a poor investment for most.
3 weeks to MD&A
Share price is where it is because management have not resolved the old market mantra of.... 'you've got no cash, so we'll mark you down'.
Bob & Scott are not youngsters... they are old guys who know the old market mechanics never change.
Perhaps Bob's done a deal with the chinese and that deal is partly designed to enable them to acquire as many shares as they can in open market at sub 10p before an offer gets tabled... of course within limits... like say 5%+.
Why else would Bob allow someone to simply chip away at the sp at levels sub 10p?? He can announce funding sorted anytime he likes according to some sources. So one has to assume that by waiting and waiting and leaving the sp to the wolves... he's doing so because it helps him or his buyers sweeten some deal.
Overall, all miners are taking a breather after a very solid April month. But nothing has changed to Alpala or metal prices give or take a minor swing on pog and silver... so just another share price swing for the traders to play with.
Bob isn't interested in supporting pi traders... he's interested in getting Alpala or SOLG sold. Well... that's what we all think.
i agree orth but they are really ******* me off now so i'm going to do my token effort to reciprocate.
True, E.T.. This should have happened long ago but wasting money and having no clear feasible direction or plan and peeving off major investors did not help.
Right now still no defence of sp.
You just will not get this share price up with silence!
Still, we have a Tier One for sale and PM's will continue to reach for the sky!
Is at the bottom of the last rns
1984 - Fawzi was Head of IR & Comms.
I also understand, from people he had direct conversations with, that he was involved in Financing / Corporate Strategy too.
Not just manning Twitter.
Sure, Fawzi had worked at a number of Investment Banks so given his experience, his remuneration wasn't small.
However, the phrase "pay peanuts, get monkeys" equally applies. Particularly now.
While
Perhaps Scotts 5k investment last week was to keep the lights on and pay the phone bill why they find someone to sell the CGP shares to.
Tufford is just a social media manager... nothing more.
He couldn't explain which way is up and which way is down, never mind explain our performance or cash management.
Looks like we're in freefall again . What a joke of a company.
I've decided to email Caldwell and Tuffold every four hours during business hours to request an up to date figure on cash at bank and the current monthly cash burn. Into day 2 and no reply as yet.
Just hold for news …. Things could look very different in a flash ….. meanwhile life goes on
Eish 2 ter1s would probably send us to 4.5p based on we would need another 400m to prove that resource
Aswell
And seing as its not exactly a scramble for one of them who needs 2
Fawzi was on crazy money for a company Secretary/marketing assistant. This was a prime example of the mess Scott inherited