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Slug, I stopped reading when it became clear this isn't your area of expertise. Temperature is a measure of something- it is indicative of the kinetic energy of particles. Higher temp=more kinetic energy. And the reason we take averages is to account for the global systems that impact temperature. Take measurements in lots of places, lots of times, over lots of years, and you get meaningful data. It's the difference between climate and weather. Anyway, as I say, clearly not something you understand and definitely not something for this board.
As for your question to Tesla: most scientists would say Earth's average temp in 2023 should probably be about 1.5K lower than it actually will be. They would say it should not have jumped up as much as it has in the last 200 years.
Always tempting to look for patterns, particularly in slow/bear times. As for whether it can go on forever... It'll go on until we find someone willing to bid for us or the asset. In the next few months? I'm not optimistic, but I keep a holding here for the same reason as most: blind faith and optimism. Appears some people have gone all in based on those things though, and they probably don't deserve to succeed - that's not an investment strategy!!
Appreciate the point
Just noticed recently that several times there have been a series of buys (O trades mostly) and almost immediately there is a flurry of A trades which temper any rise. Probably just reading too much into it because there is no genuine news to get our teeth into ….. still it can’t go on forever …. Can it ?
I know how Earth's climate feedbacks work though, too, so I doubt we will be friends...
DreamBoatWarrior - not sure of your background so wouldn't want to patronize, but I wouldn't get too hung up on whether the A trades are labelled as buy or sell. That's only really a useful indication for O trades, where it speaks to the direction to/from MMs. As I say, not wishing you lecture if you knew that and were making another point?
Hello Fort. Not sure if you saw my question earlier, but can you share your source?
What’s your excuse going to be when the merger completes and still no bids……
You seriously believe a minority holding is holding up a multi billion ( in your fantasy world)offer …..
Because that is exactly what will happen……..
Problem here is posters like yourself have hyped the asset up so much, with your continual BS, that everyone expects a bidding war when there is zero evidence to back this up apart from your dreams……
Red... I think they got fees paid for sorting the finance and royalty but the merger deal has yet to close so they won't get paid until that is done and dusted.
I'm presuming the $4.3m relates directly to the merger costs involved.
News next week.
Chinese new year also ended and all back to work.
Should be feeling the love again around 14th!
Morning Perseus
Interestingly all buys are O trades today and the majority of sells are A trades ….. feels like there’s a stranglehold on this share at the moment and without news it isn’t going anywhere
Monte...its the merger completion holding up the bid(s)...who would bid for a company with only 85% of ENSA and all the ensuing disruption?
Or is it the bid(s) holding up the merger completion as I suggested below...?
Well maybe this month or year will be the time to shine
Started my position at 16p, just added more today at 15p. This cant stay undervalued forever.
If the conclusion of the SR is to sell the company, how long will it take for them to reach that conclusion? 4 months and counting; and before anyone tries to explains the corporate process to me, think about it logically. How long should it really take once you strip away the BS.
1 Surely Maxit already have their fee with the share issue last year...?
2 You cannot honestly think that Nick would accept anywhere near 30p...or for that matter the CGP Directors who said CGP was worth $12.50/share in rebuffing Mather's second approach...that equates to 70p a share...!
Sadly I couldn't agree more DM...
No merger before the MD&A...disaster...
Fort , that all sounds very crooked.... wouldn't suprise me at all :-)
Complete market disinterest indeed.
But we do have $80m+ in cash in the coffers so at least the market doesn't have to worry about that lol! The irony is, the share price was higher when we didn't have any funding secured at all!
The ARB boys have this by the small and curlies and unfortunately I have a hunch Maxit don't care too much about it. Mmm.
At end of the day... the drip drip and getting pi's impatient and pi55ed off all works in favour of Maxit looking good when they deliver a 30p offer by Chinese lol! The headlines will read 100% above last trading price blah blah blah.
But it doesn't matter much as that 30p will be the starter gun and should not end there. But first you have to get the maddening crowd ready and ready to accept a low ball as being a result!
What's the betting merger concludes next week and Maxit get their $4.3m in fees paid in shares at 14p lol!
DG1 investor, we've always been similar in our views on Solg down the years, and I think lately a few of the more tolerant and patient long termers have joined us in our cynical, hopeful dismay.
But I honestly think a bid will come this year. Of course I did last year too. But after the merger is complete we will be in a completely different position from last year. As much as is humanly possible, we have banged our heads together with CGP and trussed ourselves up ready for sale. I fully support this strategy, more than I've supported anything SOLG has done in the last 7 years. No talk of production, no pointless drilling, no box ticking exercises. Go for broke, go for a sale; might seem extreme but it's the only way any of us will get out of here with a profit now (from this point, not overall of course).
But until a bid lands that strategy fails. It fails every day we don't see a red dot for that RNS. It fails until it happens. And we know it may never come. But it's the only way out from here - we've painted ourselves into a corner and every other route now would be a disaster, expecially production which would mean bankrupting ourselves or dilution to infinity. Much as it is a drastic position, I applaud it. I like this risk, like this gamble, even though every day ratchets up the stress and the impatience, and every day we attract the trolls and the derampers, and our resident dafty gets to yabber on about diverse books and production.
It's excruciating, especially with the SP falling and falling on tiny volumes, and no communication from the company. But what can they really say prior to completion of the merger?
One thing I know for certain - the share price of today is not the one I'll be cashing up with at the end of this. It will either be 0.1p if we try to go into production, or it'll be 68p+, hopefully later this year.
We can't force it, we can't speed up time and nor should we want to. Like the WWII pilots who vomited into their masks, we just have to suck it up right now. We have to suck up a dismal share price, a lack of news, and all the atttacks and distractions of the trolls and derampers - and Quady's constant nonsense - because that is where we are right now and the only option is to sit tight or bail out.
I won't be bailing out, but looking at the days, weeks months or years till we are sold, I really don't have anything to add anymore, other than to continue arguing with idiots who just seem to have endless energy and never get exhausted morning noon or night - it's just insane and pointless.
So this will be my last post until a bid does land... or we formally go to the wall a year or two hence.
Good luck everyone, hope you all keep well, and let's hope we have a lovely Spring in every possible way.
And never forget the words of Mr Micawber - "Something is bound to turn up!" I'm sure we haven't come all this way not to get a happy ending.
We are paying the price for silly decisions and ego.
I think they call it bad management.
Been in here nearly 10years with a 16p average.
Most of that time, happily been sitting above it. quite nervous about this now. I'd personally snap up 40p a share.
Might show more about my own portfolio being too heavily sitting with Solg.
Ow well, I'm still in it for the long haul
I wonder if anyone has a 15p stop loss.
Industrial Metals (BHP, RIO, etc. etc.) having another solid day
Since August 15, that index is up 22%...
SOLG is down 35%...
You couldn't make it up...
No dave...2.5m and holding...not even trading at the margin...
Cheers
You still adding on the drop RK?