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Dammed if they do or dammed if they don’t
Well I’m relieved it’s for one even if the board doesn’t know where an eventual bid will come from
Portofino, multi millionaires don't become such by throwing away £94,000 on meaningless PR exercises.
I stand corrected Copperpot. I was wondering if your heard anything new on the grapevine?
I agree Sean, as much as I am disappointed with Scott, putting his money in is a great sign. If he thought that the company was going nowhere, he wouldn't have bought.
And to be brutally honest, whatever his motive, I don't believe Scott would have put that money in today if he thought there was any chance he would lose it. That's a good case for investment for me.
Bless you Mary Doll
How are those voices inside your head?
Might end up looking like an idiot but I've been buying under 10p as much as I can. Always envied you LTHs in under single figures. Either we are oversold or we are going bust. I'm betting on the former. On the other board there is an epic battle with the trolls going on worthy of the Lord of the Rings so there certainly are forces at playthat are way beyond just a share price finally collapsing - which is what the want you to believe. 42p was too high for us, and 10p is too low. At these prices, who dares wins.
Eloro, maybe get needalife to do a fact check. I never said 'news in October', I actually said 'October at the earliest'. I'm sure if you check you'll find it. I wouldn't bother with needalife actually, he's thicker than a submarine hatch. He kept saying that I have a special contact in Solgold, that's another thing I never said.
I do have a contact, but not the one that needalife dreams up.....lol. He's not a special contact either, although he is very informative;-)
Is it that impressive that a multi millionaire just spent £94,000 buying some shares? I'm sure it isn't much of a dent in his finances and may have been done as a PR exercise to show 'support' for the company, rather than it being a major investment for him that he actually is bothered about.
Eloro, he’s what’s known on our isles as a bog trotter. I’d take anything he says not only with a pinch of salt, but consider it complete and utter rubbish. He’s here to stir the brown stuff and has nothing sensible to say. One for the filter.
The director buys are very welcome. Particularly from Scott putting his money where his mouth is, after the whole "if my wife would let me" schpiel. Let's get the elections out the way and hopefully some progress on the permits before the AGM.
Copperpot, you previously mentioned that news is coming in October. We are nearly Mid-October with no news. Are you still expecting news before the end of the month? I noticed you have gone quiet on talk of October news.
Fort/drake/whoever you are
The auction 1525 was the result of an unscheduled auction which is caused when a trade is more than 5% away from the last AT that happened before it.
If the auction fails to generate a price within that tolerance then you trigger a price monitoring extension which we’d see an RNS for
The last AT was 9.934 so a trade was trying to settle at (I assume) 5% beneath that
The UT in fact only just managed to settle within tolerance
They hope it will be sold, no indication it will be.
In other news Seanhunter caught lying about his trades over on the other side.
He bought at the low on Friday 8.96 and sold at 10.5 today unfortunately there were only t trades at 8.96 on Friday and matching trades at 10.5p today.
He is a huge player in this market though as the largest buy at 8.96 was £315, way to go Sean
Our Directors know this will be sold... and they know what they have to do to execute that.
Perhaps this is the last purchase before they slap an end date on the SR which will force hands etc.
Something is imminent as someone somewhere is trying their best to trigger stop losses or a run into the 8's.
Seriously... what was that very unusyal UT at 3.25pm about today??
38189 UT spread 9.82 / 9.92 time 15:25:19 and UT was 9.5p???
Why the low print when spread was 9.82/9.92? Pure manipulation and just 15 mins later we get RNS on director buys.
Someone somewhere is trying to sucker in sellers and that UT pretty much proves. Why would you even need a UT for that pony low volume block in first place?? Why at 9.5p?
This market is embarrasing.
Or more likely, abandoned completely once the West comes to its senses on the matter
Best sell this soon then, else it becomes a gold play once more
From the FT today:
"The world’s largest copper producers have warned that there is a lack of mines under development to deliver enough of the metal to keep pace with the clean energy transition.
The warning comes as miners struggle with falling metal prices because of the weakness of the global economy and cost inflation, which makes executives, investors and banks cautious over financing new projects.
With labour shortages also holding back new supplies, there are worries over the switch to carbon-free power since copper is vital to manufacture electric cars and upgrade the electricity grid.
Kathleen Quirk, president of Freeport-McMoran, the largest US copper producer, said that higher copper prices alone would not be enough to secure enough metal needed for the world to go green.
“Now it’s not just price. It’s these other factors that really are going to limit how quickly we can develop supplies,” she said, speaking on the sidelines of the FT Mining Summit last week. “What may end up happening is that this [energy transition] gets extended out longer.”
A sale is imminent.
A sale is imminent.
A sale is imminent.
No it isn't.......wait and see ;-)
At least today, the share price didn’t fall to the lows of Friday. Something at least, along with the director buys. Small comfort though - and tomorrow’s another day.
How long after director buys could that happen ? Six weeks ?
No director buys from Mather then?? Anyone heard from him? You'd think he would be dipping in his pockets too?
Perhaps he'll do so but via DGR via equity raise on DGR?? Another cheap way to line his pockets.
Something bit fishy going on... anyone else think a low ball is landing soon?
Proving it, however, isn’t
The great news is it really appears to have put a rocket under the share price! Cough, cough.
Now the directors have had their cheap fill, perhaps the chinese get the green light to buy it big at these levels?? Maxit... it's now time to see how good you really are as SOLG are under attack and market is looking weaker by the day.
I siad a while ago that I was surprised the Chinese had not added to their holding considering the fact that they loaded up in the open market with price in the 16's and 17's.
So either they like the fact the price is falling or they are a contributing factor (eg selling a few) or both or they are just waiting patiently? If they have had a change of mind over the asset, it would still make sense for them to bid for it knowing that a low ball would likely be countered by BHP or another. I thought that was why they took the 6% equity slice in the first place.
Director buys welcome, but what we really need is Chinese to be buying 20m or 30m shares and keep whoever is trying to push us down at bay. But then perhaps that doesn't suit their plans either?
SOLG feels like it's under attack. Directors know it. Only downside to directors buying is that there MUST NOT be any major news due or negotiations underway as that would prevent them from doing so... but the lines are a little loose around that area and easy to blur when required so not too worried about that.