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Bozi... scrap my comment on GGP re production nearing. I think SOLG look more likely to be producing before GGP by looks of it. Ouch!
No offence Fort but you do talk garbage and have done so with all of your predictions to date.
GLA
To right novice.
I've just received this update on the positions solg are trying to fill.
Hi NAL,
Unfortunately adikt has had to withdraw his application.
Apparently he was visiting redknight in the asylum, and was overheard saying I'm doing a good job, and solg are on track.
The doctors decided he was a bigger basket case than rk, he was placed in a straight jacket immediately, and thrown in a padded cell.
I've also been told there's a fellow on solg who has trekked Ecuador, and has visited cascabel. Can you ask him to contact us. Because it's been so long since we've been there, we've forgotten where it is.
Unfortunately quady is out of the reckoning aswell. It appears he's not a chess master, but he plays a mean game of tiddly winks, so no credibility.
Also fort turned us down. He's redesigning the universe, he thinks he can do a better job than god.
But luckily we've still got to interview copperpot.
What a cv that man has. We're just checking his references.
I will keep you informed.
Scotty
I've said for a while that I think Maxit are behind the IXB short as it coincided with their fund raise and royalty deal timing wise. At end of the day, nothing wrong with some arbitrage as everyone has right to manage risk. Might be unrelated but lets face it... out of all the shorters or arbitrage players in the world of global markets, we just happen to have one that is Canadian based... same as Maxit and ironically just a few doors down. Mmm.
Bozi... scrap my comment on GGP re production nearing. I think SOLG look more likely to be producing before GGP by looks of it. Ouch!
Well at least they have replied nal which is a positive in itself ! Here’s hoping the fall in price is arrested today
TheItalian, if they are double dealing you won't find any connections.
RodneyT, if that's true that's quite eye opening.
Opposite sides pi ssing in the same pot, perhaps?
They probably meet up in the same coffee shop all the time.
I have been researching for some link between Xib and Solg or Maxit, other than the address I have not yet found anything, anyone else can see some personal connections?
TheItalian, seeing as noone else has replied, I've always seen it as the % of total shares and don't really see why it would be anything else.
Just bobbing this to the top of the BB for the morning. Contributing
here on LSE will not get the attention of Solg as this shi73 bulletin board does not get the attention of Solg, but @'ing them on Twitter will so contribute to this thread on a propper platform like twitter...
https://twitter.com/cjkyte/status/1716490706607394879?t=1pcsslpuwpezwpzvpvogww&s=19
C.
More late trades reported. So we had the intraday 2.5m block go through. Then after hours we get 2.5m block (looks like the matching trade eg buyer or seller on the earlier 2.5m block. Then we get a juicy 3m block put through after hours.
Total of 14.8m traded today and at least 8m of that in just 3 deals.
Blackrock had about 16m shares left, so might be them. Or could be a handful of fund managers with holdings in the 10m to 15m level. All other large holders appear unmoved. What on earth must the chinese or norges be thinking right now? 8p?? They were buying in the high teens. Norges we buying heavily when price was early 30's.
It’s also about jurisdiction and stability..
XIB's address is 200 Bay Street Toronto. Maxit Capital's address is 181 Bay Street Toronto.
XIB's address is 200 Bay Street Toronto. Maxit Capital are at 181 Bay Street Toronto.
Bozi. agree in that GGP are heading towards production but that's always been the case and over the last couple of years or so SOLG has tended to have the superior market cap as Tier 1 mines tend to command a high value vs a minor 30% (or 35%???) of 160koz producing mine etc etc etc.
It's good to see the interest return to GGP as think it shows that investors value 30%+ stakes in 160koz mines as £400m+. Not sure what that means for SOLG's 26moz of gold... nevermind the silver and Copper but guess it's all about the orphan period and production period in mining.
Tnx Ortho,
But even then, one can argue it will be the same situation like now. That is the same game (theory) set up unless Solg is banckrupt in which case it is another game.
Apologies for the dumb question, but can someone more informed clarify what does the "% short" value represent? The 0.50% from XIB is 0.50% of what exactly, total issuance or something else?
Metoooo,
Because the more this management continue on this path, the more value destruction takes place…. The longer any suitor leaves it, the more desperate Solg become.. They will be more desperate in the new year when he CEO and others are voted out in December, and the question of funding, to be able to continue, becomes more pressing… why should they bid now if they will clearly be more desperate early next year.
Fort - SOLG certainly oversold.
However, what you're seeing with GGP is their stock being better insulated to the harsh reality of the markets.
Let's be honest, SOLG have took the mick out of investors for years now and it's coming home to roost.
Gold bugs clearly like the prospects at GGP more right now. Can't say I blame them.
Why no one is putting even a low bill bid for solg? Many will say because others will jump in with a higher bid, so no one wants to be a first mover with a low bid. In theory, we will be always in this situation unless someone comes with a non competing offer. But if someone is willing to do so why he is not doing it?
There are some signs of bottoming out there amongst some miners. GGP has jumped from 5.7p levels to 7.7p today and that's over just a few days. SOLG tends to lag GGP but historically tends to have higher market cap due to Tier 1 asset as you'd expect.
GGP Market cap now £380m. SOLG market cap just over £260m. If SOLG was around 12.5p right now then that would be level pegging cap wise with GGP.
So SOLG way oversold or GGP overbought.
SOLG will bounce but management thus far have done zilch to stem the fall - director buys welcome but shareholders need good news and perhaps management are keen to release that after the seller is cleared rather than let them benefit? Mmm. Short term pain for longer term gain.
Red, something to think about.
Have you considered that this is not a decent sized holder selling down and it maybe XIB adding to their short of even a new short ?
Red, if that was aimed at me, dead right I'd be adding. This is falling by 3-4% a day with nothing to stop it until big, proper news.
Yes, I'm holding and have done for 13 years or more, thanks. I don't trade this anywhere near as much as you do though, hence don't need to ramp or deramp. I just comment on things as I see and my opinion says this is going down more.
Nearly 2.1 mil shares and holding strong rk, I have every confidence. Still I'm a high performer and if the value of my business was less than halved in 12 months I'd be taking a kicking from my investors. I expect the same level of performance from companies I invest in so there's no harm in marking their card, especially now. They need to raise their game or December is going to be tough. Its straightforward as that. C