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It is a sell, without question. Options flipping. This is the direct result of feckin', continual dilution..it never ends with Solgold. The market demands monetisation in some shape or form (asset sale, JV, farm out, farm in etc) ala GGP
There were only 1,500,000 shares issued on the recent options RNS, so i would say it's not that
The options taken up in the last RNS was 1.5M, these two trades equate to 5737929 shares, the two figures dont add up, so i would suspect it is not from the options pool
Sorry Schlemiel, the market doesn't demand anything, it just exists, and performs in a dynamic way. Apart from certain individuals on this chatroom, nobody is talking about anything else, apart from the revised PFS, the CFP and the way to production. I know people try and pretend, that certain announcements from the company mean we will be bid for in either part or whole. But you really have to twist those announcements to come up with that line of thinking. The company has stated it's intentions many times and has been consistent. We intend to deliver a PFS that has a higher gold and copper price. That will deliver production cheaper and faster at Alpala. Patience just required.
Who were they sold too?
Without question, two sides to every transaction. An aggressor side to the transaction sure. But why do folk waste time arguing these?
Thank you Bozi, I know you, Mathersfinger, Iceberg,rcgl2, Pinotnoir, BNC and many others post balanced views. I know none of you agree with me in total, but always like to the balanced side of this chatroom.
Q… I firmly believe that this will be sold …. This week, this month, this year or next year …. Who knows?
I am , However not stupid or arrogant enough to believe that this is the only possible outcome.
You say you like a balanced opinion yet can only see one possible scenario….. production. One thing you are not is balanced.
The only possible way you could be seen as “balanced “ is maybe, just maybe you have a chip on both shoulders?
Quady, maybe it's worth while speaking to Solgold and to get them to change their twitter feed and their home page on their web site, neither mention the word production, if you can convince them to change their headline feeds, maybe you might have some more followers
https://twitter.com/SolGold_plc
An emerging #copper #gold major focused on discovering and defining world-class deposits in Ecuador. LSE & TSX: #SOLG
https://www.solgold.com.au/
solgold is a leading exploration company focused on the discovery and definition of Worldclass copper and gold deposits
Just saying :)
DBW and Mog, I would add you to the balanced posters, as I said you don't have to agree with me. It's the likes of addicknt that have repeatedly say going to production as Solgold is impossible, that is where the arrogant statements are coming from.
I have always said that production is the most likely outcome from the observations made ( facts ).
I have never said it was certain, I have said it was the most probable outcome. All I am doing is repeating the company position.
Mog, are you saying that the company have never said that we are aiming to take Alpala to production.
I assure you that is not the case. We have stated many times that we are redoing the PFS to go cheaper and faster to production for Alpala. We have stated JV's for other tenements, Alpala is not among them, and neither is Porvenir.
Quady, I’m of the opinion that “IF” big IF no company buys Solgold out or some sort of JV/sale of Assets then solgold would have no option but to take this to production, assuming we could raise the vast amount of monies required, so I see production as a last resort
Solgold has to keep all options on the table, but as ive stated before I don’t see any corporate actions happening before the PFS is released for Alpala
Nobody has guessed the goings on of Solg in the last 12 months and therefore, anybody speaking with complete confidence is speaking BS. A balanced board is needed even if the opinions disagree to your won. Keep the ideas flowing and may be one day someone will guess the next month or maybe 12 months or 5years. Anyway, hopefully, everyone with get a Solg gold medallion to say they were there when the share price rockets.
Oh God...who's rattled his cage...again...
Having sworn he would stay away, he's back with his sweeping textbook generalisations and one eyed 'factual' obsession with production...
But what takes the biscuit is this...showing he has no experience and no idea about managing a PLC...:
"I remember NM always talking about maximising shareholder value since 2015.
He was clear that meant taking it to production, as that is the only way to maximise shareholder value..."
One eyed ball****s if ever I read it...and soooooo out of touch...here's one of the best business sources on the planet...Forbes...talking about:
"Ditching The Dumbest Idea In The World" and
"Why Maximizing Shareholder Value Is Finally Dying"
https://www.forbes.com/sites/stevedenning/2019/08/19/why-maximizing-shareholder-value-is-finally-dying/
"It’s good news that major corporations have recognized that a sole focus on shareholders is financially, socially and economically wrong. Even Jack Welch himself—the idea’s leading exponent—in 2009 had come to call it “the dumbest idea in the world.” Shareholder value is the result, not the goal of a corporation."
And even in the antediluvian days Quady is referring to...THERE IS ALWAYS A TIME FRAME to maximising shareholder value...
Plenty of you guys on here understand NPV...and also that the future is uncertain...A PFS is a set of predictions based on a set of assumptions and the assimilation of an array of risks...
So I say with confidence...MOST people on here would take £1.50 tomorrow rather than wait 10 for the same return...
And here's the thing...we are about to enter a period where the FED and other central banks may well cap interest rates, smooth the yield curve and let inflation fly, to wipe away the massive accumulated debts...
So Quady...would you take the kings penny now, or wait patiently and eagerly for the NPV to be wiped out by inflation...
Meanwhile, most of us will be chuckling all the way to the bank and reinvesting in 'the next big thing'
PS The above carries a health warning...it is just the OPINION of one person...NOT a fact...
Enjoy
Could you not also take the view that "a period where the FED and other central banks may well cap interest rates, smooth the yield curve and let inflation fly" is the perfect time to borrow a ton of money, use it to build a mine and then begin selling gold and copper and paying back the debt in say 5 years time? At which point the metals prices will be higher in dollar terms and the debt will be worth much less.
£1.50 too cheap.
Happy to wait longer for greater return.
Yes but if inflation flies, costs and wages will fly and there is no guarantee that the copper/gold price will fly...
My point is however much more to do with future pounds being worth far less than now sounds...
In other words I would rather have the money now and invest it in something else that will fly to compensate me for the loss in monetary value...
There's a market crash and a depression coming and I want my money in gold/silver mining shares and government securities...but NOT waiting for the golden goose to lay its eggs...
AIMO as usual...
So if you woke up tomorrow and the SP was £1.50 you wouldn't sell a single share...?
With all the uncertainty facing the global economy, right now I would rather be in cash, having banked humungous profits...
Pouched some more at 31.79...
Too good to resist with another big roadshow coming up, which suggests to me there is more news on the way...
Porvenire MRE anyone?
When is the roadshow please?
Started last week...
"started a massive marketing / non-deal roadshow this week, going on for three weeks."
If it was due to a bid which was accepted by the Board, then I will have no other option.
However, if we creep up to that price due to receiving a cracking funding deal which enables us to maintain equity and allows us to fund the development of at least one mine (somewhere), there is no way I am selling.
I’m fairly certain BHP is happy to go under the radar and allow us to move forward with them.
If we receive a CFP which allows us to fund a mine (somewhere), it will push our SP beyond £3.00 a share before any ore is produced because the proceeds of that mine will allow us to do huge thing elsewhere.
I’ll take take £6.00 a share in 5 years thanks
There's a puzzle...I posted the buying at 14.48 and suddenly there were 28 trades in 36 seconds after a slow day...hope I haven't started a forest fire...
Of course I'm referring to a bid...however...
"If we receive a CFP which allows us to fund a mine (somewhere), it will push our SP beyond £3.00 a share before any ore is produced because the proceeds of that mine will allow us to do huge thing elsewhere. "
Just out of curiosity, where do you get the £3 and £6 from...? Guesswork?
Even with the accelerated plan we're not going to monetise enough in 5 years for the share to be worth £6 without serious predatory interest along the way.
For comparison, ATYM (in which I made a lot of money) were 390p 5 years before first production;
87p on that production date;
142p at the end of that year;
And now after more than 5 years of commercial production they are 315p...
And they're a pure copper production play...
You're looking for 20 times the current SP in 5 years time...
On a 31.5/31.65 quote there's 45k bid and only 4k offered...I think we'll close above these levels...