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BBG, thought not
Tesla1 - no matey, I am not gambling. Have been here a lot longer than you, and I also hold a lot more units than you. Are you even invested m-oron? Solgold represents about 1/4 of my overall equities holding and i will be selling AEE and MRM to top up more here.
All the best with your career as a deramper twat
If you don’t know what it means perhaps gambling on shares isn’t the right investment strategy for you.
If you have no funds available immediately to purchase shares you’re over leveraged. Any sensible investor would have spare funds to invest, you are obviously highly leveraged and a little bit desperate.
Your attacking of genuine holders just supports this view.
“More shares out there than solgold”
Then look at his posting history by ticker
DM, I have no doubts that an extra 3 months will help the PFS but I was suggesting that any improvements will be minor in grande scheme of things to the stage that they are currently at or in. The PFS is a downscaled version of what's already been factored into the last one. Kicking the can down the road or into Q1 24 might have more to do with benchmark numbers like inflations/metals/dollar/interest rates etc etc. All have an impact on the IRR calcs. I'm just suggesting that Scott can issue a 'pre-PFS' update to shareholders citing further enhancements or optimisation blah blah blah to come in Q1. Remember where we last heard that bit?? Aka DC reign.
From the last presentation Scott said they were test drilling a site for Tailings/Dam. He seemed to suggest that there was only one site out of a few ear marked that could be used. Hence... very important that they confirm that Tailings / DAM is viable. So another example of stuff going on in the background that is crucial to buyers or interested parties. The Chinese have already been given some serious issues due to their mismanagement of Tailings at Mirador. Hence that can't be repeated again. Without going into too much detail or teaching you to suck eggs... btu there are 2 or 3 ways they can do the Tailings / DAM. Upstream or downstream... and then central line. Each one is different and each one costs less or more dependent on terrain. So if they are to save on costs.. could be another $30m to $40m saved by simply gaining the best but also cheapest Tailings /Dam site.
Anyway... in summary... all I am saying is that they must be very very advanced on the new PFS as of NOW to be citing Q1 24 as when they plan to publish it. So why not tell the shareholders pre-agm what the scoop is and follow up in Q1 with the final doc??? Tailings / DAM updated included?? Some will say... you don't want to give the buyers or predators any insights or make life easier for them blah blah blah... but I think that excuse is well and truly burned. Time to be upfront and honest and after 12 months of zero... make Shareholders feel more confident about gaining a good price for the asset next year.
Add. Sangha thinks it's being manipulated
Just had an email. Fmg just announced another dollar a share divi.
Just thought I would remind the keyboard experts,
That they're is more shares out there than solg.
Only seems like yesterday I got my last 1 dollar divi.
Oh and did I tell you, I bought at $2 around 2005, got my first divi 5 years later, and the latest sp is around $20.
BBg, Can you remind me where we are with solg, and how many years we've waited now.
This board has a lot to answer for, with it's negative posts, causing the sp to collapse
Maybe if the posters who provided such evidence weren’t routinely banned, you’d have it to call back on?
BBG, are you going to admit your error?
Tesla 1 - explain to me what you mean by leverage? My shares were bought with cash in my bank and I will be planning to buy another £20k next week.
Are you Polly reincarnated...
Whatever the company, as soon as the share price comes under pressure people on these boards start talking about manipulation. You could set you watch by it. No evidence is ever provided and yet somehow it enters the narrative until such time as the price recovers - at which point it's conveniently forgotten.
And don't forget the mysterious 'short' taken out on SOLG albeit 0.5% but still accounts for 15m shares. I say mysterious because it arrived around the same time as Maxit taking on a wedge / SOLG placing. No harm in hedging your bets lol if it was them. But that short was taken out around 18p/19p levels I believe but interesting to see it hasn't been closed out even with sp in the 12's.
At present it looks like a planned sale in Q1 24 with one last nest feathering event before the grand reveal.
Unfortunately all very legal.
Exactly then place the 100m with the Canadians for peanuts before miraculously announcing a bid
Interesting theory Fort. I think it was shipright who commented that the board are aware that the share price is being manipulated
Perhaps that’s because they’re doing it!
“ I mentioned a while ago that I thought the CGP guys thought of those 100m shares as theirs still. I genuinely think they do. So there's another 3% holding there waiting to be pocketed but under the guise of 'we need more cash' which of course becomes more valid when we hit Q1 24 (surprise surprise) as our cash pile is set to diminish to near zero by the time we hit July 24.”
So it pays them to keep the SP strangled?
Look, the reality is the CGP boys want out and due to the size of holdings like Bob's/Maxit's etc they need a monetisation event as they can't sell into the market as demand not there. Same applies to Mather and other larger shareholders. The only way they get value is to exit via a deal. That's why all believe a 'sale' of some sort the best course of action. Scott is not interested in generating spikes in the sp so Redknight or a few others who like trading the stock benefit or have opportunities. It's not Scott's job to deliver traders opportunities. It's Scott's job to get the business in the right shape to deliver an asset sale. End of.
What I don't like is the fact that the CGP have actually increased their stake in SOLG through the merger and subsequent placings. They've effectively made it more rewarding to the to accept a lower share price offer. Should they issue 100m shares to their buddies in the future at 13p or 14p etc then they further benefit and can accept an even lower offer and still be much better off than before. Meanwhile... other shareholders are diluted. Granted... all can buy more stock at these prices in the open market but not in a large quantity. Likely 1m shares max before the order book moves up a few pennies and so on.
I mentioned a while ago that I though the CGP guys thought of those 100m shares as theirs still. I genuinely think they do. So there's another 3% holding there waiting to be pocketed but under the guise of 'we need more cash' which of course becomes more valid when we hit Q1 24 (surprise surprise) as our cash pile is set to diminish to near zero by the time we hit July 24.
So everything looking just sweet as a nut for the CGP boys. That's why the AGM is an event of importance where shareholders can take control and vote accordingly. Send a message.
Solg sat in the mid forties with majors buying in and the only way the share price seemed to be heading was up.
Some people on here were expecting £2 a share and most wouldn’t say that was out of the question. I was hoping somewhere north of £1 and that seemed very achievable. Since then broker forecast have dropped and the longstanding 70p target gone.
Solg would need to quadruple in price just to get back to where we were a few years back and though we know it’s a valuable asset it appears when the wishful thinking is ignored, and the rose tinted spectacles removed, to be, for whatever reason, a bit of a dud.
Well Add, if the current SP is a demonstration of Scott's caring for the SP, I would hate to see what happens if he does stop caring. He has deep pockets and can carry on buying continuously. Not everyone can. I think folks who used leverage to buy solg SP might not share your optimistic appraisal of Scott. I didn't use leverage. I accept what you said about corporate stability, but I would not use SP future performance as justification to keep Scott. Not long to go to AGM.
They don't need more opions... the insiders have 100m shares they can place when it suits them and to who they like
Incidentally, if we're asked to approve a new options programme, it won't get my vote. And I don't care who the beneficiaries are.
DM, fair point, I'd forgotten about the options. He's got even more reasons to deliver value.
Can see this around the low 11's
Let's see.
Eloro, share price stability/appreciation comes from corporate stability. And I disagree that he doesn't care about the sp - he has 19million reasons why he does.
Of course tinyray... you're playing an absolute blinder today, wish I was as smart !
And best of luck with getting in soon couldn't happen to a nicer person 😉
Bottom line is... Scott can update the market with the 'plan' and prove to shareholders that waiting to Q1 24 will be worth it. That's easy to do. Let shareholders judge him on what he tables. As I said... not much will be gained or delivered to a PFS in the period from Jan to March. Those 12 weeks will not make a jot of difference. They might fine tune things but not in a massive way. So lets have your plan outline before the AGM please Scott and then we can judge whether it's worth voting for you. I'm more than happy to vote against Scott on basis that Mather steps back in as he achieved more thah Scott... that's for sure and that includes with the drill bit. Exploration is much needed and I can't believe there isn't a partner out there willing to fund the exploration costs for a % interest in very hard to get ecuadorian turf.