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Bob was the one who said fast and smart.
No one put those words in his mouth
If I read that right Condor announced they had instructed advisors to find a buyer for the project in Nov 2022. It's open pit and they have a BFS completed on it, fully permitted and drill ready. They have 5 non binding offers, and lots of site visits etc completed, but they still don't have a binding offer, 13 months later.
Doesn't that illustrate that Solg attempting to sell Cascabel which is only at PFS stage subject to revision, not fully permitted and is absolutely massive is a process that was never likely to be completed in 6 months. People calling for Bob Sangha's head, claiming he hasn't delivered etc should think about just how long selling these sorts of assets can take in this market.
This isn't a junior mining bull market frenzy where bids are being thrown around like confetti. DD takes time.
Really? You'd never know, looking at the SP.
Total disdain, as per.
The market already knows what we're sat on and is only interested in one thing, imo.
Can now buy !!!!
The kind of RNS we want to see is shown on the Condor (CNR) page of RNS's! That would be brilliant! Hope there are more RNS's from Solgold before the AGM! GLA
I’ve always felt they held other news back because if there were more attractive resources, cascabel might never be built and would become a very expensive white elephant
Has someone indicated a willing to buy it and these new nuggets are to flush out a counter?
Is bua í foighne
Back up and running
Https://www.bloomberg.com/news/articles/2023-12-05/london-stock-exchange-is-hit-by-third-outage-since-october
We may see an uptick later ???? once they have sorted the problems
Today’s update is just the tip of the iceberg as far as our potential goes. Don’t give it away to those that want it for nothing. Get behind the board or reap what you sow
Yep nothing traded since 910
Hold tight :)
We are now resuming trading on impacted instruments. Instruments will go into auction at 09:55 with uncrossing beginning at 10:15. All live orders remain on the system.
No trading available on AJBELL, or IG seems trading halted on loads of stocks, ATM,
" We’re aware that some customers are having difficulties obtaining quotes for UK stocks due to an issue with the London Stock Exchange. We’re sorry for this disruption to our service"
There is indeed no Jason Ward anymore… He left a matter of weeks after the £4 million miss appropriation of funds was revealed…
The market is very often wrong
Part of the problem is this is on nobody’s watchlist. Watch as the news seeps through other mediums.
Rock samples or not, they are staggering grades
The markets reaction to todays news tells us all we need to know about the impact of rock samples studies… that just happen to be released in the run up to the AGM…
only easily led, private investors, bought in this morning off the back of that news.. larger investors have clearly seen it for what it is…. It’s better than a poke in the eye… but it’s no drilling exploration permits granted and drilling campaign plans..
Nail on the head.......your 09.16 post!
Dear me orthern, you’re the sort of guy who’d win £100m on the lottery and still go to work. Might treat yourself to a used skoda. Cheer up!
For context, hole 5 had about 1200m at 1g/t gold
At 246, even if there’s only 4m of it there could be the same! And it’s near the surface
Had a feeling they were holding something back, has a deal for cascabel finally been agreed?
Orthern
I don’t know much about mining and I suspect a lot on here don’t either, however I know a fair bit about rampers and they are going hysteria this morning trying to convince anyone that will listed that this is the best news since sliced bread.
With the bid at 8.15p the market doesn’t seem to agree.
I have no idea what will happen in the future but the ramping on here gets worse day by day, no doubt promoted by rampers who are highly over leveraged and deep deep underwater…….
The 2 worst culprits red ramper by a long long way although judging from Byronbay golds posts this morning he is fighting for red rampers clown 🤡 ……..sorry crown 👑
BUYERS BEWARE!!!!!!!!
Idle speculation on my behalf, but quoting Nick may well be to demonstrate his value to SOLG on the exploration side.
Remember there is no Jason Ward anymore.
I.e. as usual there is a risk of him being voted out at AGM, and showing to IIs (even Newmont) that Nick is a valuable part of the team?
Orthern, as I pointed out in an earlier post, NM is the director with responsibility for exploration, so having a comment from him makes perfect sense. The announcement was approved by Caldwell.
I think people are reading far too much into this.
Btw, I agree with your other comments.
BBG, absolutely.
Now I don't like to speculate, but seeing Nick's name I could not avoid thinking that the spin-off strategy he was keen on when setting up the 4 new companies might be in play and he might take on at least one of them, and showing his name might be a signal to the prospective buyers. For once I will be forgiven for indulging in fantasies!
Wise words as usual rcgl2.
I guess there is/was a potential middle ground. Carve out part of the exploration folio so SOLG still retain upside - spin outs, JVs, sales ... or even handing some grassroot licences back to save (relatively immaterial I know) spend commitments.
Have c5 priorities at one time (more than enough for SOLG to handle), another 10-20 lined up with geo/surface sampling to identify next priority, the rest someone else is taking a lead on.
Probably a huge simplification I know. And may result in SOLG handing over some future Tier 1s.
But the current approach doesn't demonstrate a logical and clearly communicated strategy (on exploration / regionals).
At least to me.
(Sorry this is going over old ground!).
Well Irwin himself said £1 was overly optimistic
Calm down people… it’s rock samples.. not drill cores..
Anyone that’s been around exploration companies long enough knows that rock samples can amount to nothing..
This is more lipstick on a pig before the AGM to appease the plebs..
The interesting part is using Mather not Caldwell
All in!!!