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Tick tock Scott... exactly 3 weeks left to hit target of PFS in 'early Q1'.
You simply can't afford to miss that deadline as the market has already lost confidence in your ability to deliver anything solid at all... so time to show them that you are good at setting targets and you deliver on them. That will help build some much needed confidence.
MD&A out soon too so would be great to see how that tailings / water tests went too.
The last RNS was a corporate update so not an ops update. But the latter is much needed especially to support the PFS and of course we all need to know what you are going to do next now that the PFS is done. I do hope you are not going to 'optimise' it further lol!
Fort, have you sent your post as an email?
With all the detritus posted on here I doubt they have time to sift through it all.
Fort and Ship, I sent Sean T a message with very similar content. Will those at the top (SC) see the meassage? Or just ignore ?
They used to have a guy on 400k to manage the inbox and even he rarely replied to emails.
Most incredulously, two weeks prior to Darryl’s sacking I emailed them and said he’s a BHP stooge doing untold damage to our stock and should be sacked immediately
Not even a reply out of courtesy. They’re appalling
Fort, "nearing completion" doesn't give the impression that Scott The Rocks Caldwell is likely meet his by the end of Q1 target date for the phased plan deliverable. When I provide a project updates to my management, they want actual dates, not some vague statement that it's nearly done. Hence, I fully expect a 2 quarters slip given already established precedence, ie the French translation, and the open-ended SR.
Eloro,
"nearing completion' simply implies it's on track as per guidance given in Dec which cited 'early Q1 24'. If it was no longer 'early Q1' then I think the RNS would have said something along the lines of expecting the PFS to be released toward end of Q1. But they didn't say that. Hence the corp update would have stated if delays were expected and it didn't, so I think you are reading it the wrong way. I think the Corp update was merely confiming that the PFS is imminent as previously guided.
Fort that was my take as well, I think the PFS will come out soon and hopefully will be very positive in getting the SP back to a level that more accurately reflects the asset, and indeed brings multiple entries into the financial discussions. Those well down on their investment will continue to be negative until positive news, although have to say NAL put a very informative post up earlier which I very much appreciated. It echoed my thoughts that SOLG were very much undervalued and the most likely buyer would be Chinese. Personally I'm happy to hold and wait with patience to see what transpires this year.
Why did SOLG just tweet
https://twitter.com/SolGold_plc/status/1750193449700376877
(Ignore the reply from Slug)
What’s wrong with his reply?
Killjoy,
Don’t know but pleased they did, hopefully wakening up some that are out scouting for the next big buy
Atb
A refreshingly good tweet from Solgold - add Slug's reply as a strapline & post every day until the market wakes up.
HFH, nothing to do with being down here. It's an accepted theory that past behaviour is indicative of future behaviour. They have form for disappointing and not meeting their own stated time lines. Therefore, based on past behaviour, I do not expect to see the phased plan by March 31st.
Fort, I hope that you are right. Not long to go we will see how events unfold.
Eloro you could well be right, not many (if any) do hit deadlines. However I'm hoping that their cash position forces them to get their act together. We'll soon know either way.
Why would Solg draw attention to the size, and by inference , the value of the assets at a time of such a low share price ?
Unless they have something up their sleeves to rectify the issue they would just be drawing attention to their own failings
Corporate action shortly will start the ball rolling
Have they had a sniff or a BHP low ball coming??
Lets face it... anyone wanting to take a chape jab at SOLG while they are rock bottom ... the time is now. As I said a month ago or so... the window of opportunity is now and that will close as inflation drops, PFS's are released and risk on assets catch some tail winds after being ignored for last 2 years.
Two year swap rate well under 3% too….
Eloro I agree with your thoughts on management, all management in Solg has been appalling to date and in my opinion self destructive mostly due to infighting. However, I'm of the opinion that SC deserves a chance to deliver. Whilst I don't agree with the open ended strategic review I believe both that and the revised PFS will come out soon and I believe that this is the year where Solg finally move forward and deliver value for shareholders. Of course I could be wrong, I accept that risk but all being well I think this is a golden ticket and I'm willing to wait however long it takes. Despite some calling me a clown and a muppet for being positive on this company, and being chairman of the ramping brigade, I'm really not. I don't care what others do. Buy sell hold, it matters not to me. Each to their own.
Hfh. I don't think your being called a Muppet or the chairman of the rampers for being positive.
I think you will find your being accused because of your devotion to the happy clappers, and your
ridiculous optimism, based on nothing but blind faith and wishful thinking.
as yesterday's, golden ticket sh??te portrays.
HfH, there's nothing wrong with being positive about your investments. In fact, it seems very strange that anyone would remain invested in a situation which they believe to be a basket case.
The irony of the position of the negative posters on here is that they don't seem to understand that SC is trying to achieve exactly what they want him to do i.e secure a monetizing event. It's been said enough times, but he inherited a bad situation - probably worse than anyone thought - and, just like any business, it's a complex tangle with many nuances. For me the December AGM is the end date. Two years is sufficient and if he hasn't delivered by then the discussion will change.
Btw, someone on the GGP page posted a link to an interesting Rick Rule interview. The second half concentrates on uranium, so is probably of less interest. However, in the first half he talks about exploration stocks and gold investments. It's worth a listen.
Great find Add, and proves once again that most of our pain is driven by the macro.