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I see Exxon has bid $50bln for Pioneer. That's a big deal. It's interesting as Pioneer's share price nose dived a few days ago and Exxon appears to have made a bid strike upon that weakness. For a deal of that size, it's quite refreshing to see limited insider buying as the opposite was shown in this case.
If BHP chucked in a low ball on SOLG right now at say 30p... I'm not sure Maxit or SOLG have much ammo to defend it. The best they seem to be offering shareholders is the promise of a updated lower capex PFS.
Sometimes the big boys do strike when stocks are at their weakest.
Copper and gold both down and the copper "boom" seems as far away as ever. I can't see any potential buyer being in a hurry to get their cheque book out anytime soon. Why bother when SOLG is picking up the tab for keeping this dream alive.
Jezzoo, there is a copper shortage coming and if you read across the media you'll find plenty of super majors scratching around for copper projects. So the boom will come. But you don't want to be developing during that boom... you want to be producing. Hence, it is very much in the interests of prospective buyers, SOLG and Ecuador gov that Cascabel is sold/JV'd and producing in 2 or 3 years time minimum and I suspect the early phase (phase 1) high grade low capex approach will tick this box.
I sincerely hope you're correct Fort.
Sorry but this looks toast, sorry to holders in at much higher prices and under water....
Good job you don't know what toast looks like, being a horse and all that...
We just ticked over down 50% last 6 months.
Scott's strategy of closing down all operations, shutting off all communications and removing any time line or expectation for the release of the company's strategy, clearly hasn't paid off. Who'd have thought?
Good morning KapilD.
We have had loads of communication from the company.
People on here to choosing to ignore it as it doesn't fit their world view.
The communication from Scott has been horrendous, and consistently followed by steep declines in the share price. His performance is indefensible. Surely we are paying the board enough in fees to execute their duty to guide this company with care and diligence, including monitoring executive performance.
The slide from 34p has been astonishing . . . and in August I had almost decided to return to SOLG (sic > it was unlikely to fail : how could it!). How wrong and after 12 Mather years could so easily have been a worst-ever investment. Yet many of you have stuck to it for 12 to 14 years.
Copperpot was certain that we would have news in October. Maybe the call on the 29th September was the wake, and October is the actual funeral for solg if the SP falls any further.
He has communicated on every level.
Here are a few headlines, remember once communicated this stuff takes time.
We are in an open ended strategic review, the purpose of this review is to advance Cascabel.
We are going to start construction of a decline next year, probably to access high grade gold.
We have interested parties in the data room to look at becoming a partner. Read JV.
We are going for a reduced cost to get us to the first stage of production.
The financing will be staged.
What more do you want?
Everything our good friend Quady says becomes increasingly ironic as time passes.
"People on here to choosing to ignore it as it doesn't fit their world view." being a good example.
I wonder if we will have a Slugathon this weekend ?
Jezzoo it's true.
Nobody wants to admit it.
Its not about what I want, its about what the market wants. Clearly it's rejecting Scott's offerings.
The market want's the company to go faster and start building.
That much is obvious.
And with Mcap now under £300m, how exactly are they going to raise the finance to build a mine?
Good grief just when you think the most unintelligent poster on here cannot ask a more stupid question, he lowers the bar further.
In case it has escaped Slugs attention.
We raised a large sum of money for a small amount of offtake.
The answer in short is we have a tier one asset that has a value.
Lot's of ways to skin a cat.
Well on a positive note at least we wont see 7's till the end of next week which is my average buy in price... will we ?😓
Sure! I’ll take 1% off take for £100m
Or I’ll take the entire company, it’s whole main asset and dozens of prospects for just three times that
🤪🤪🤪🤪
Make that £270m and dropping
No handbrake RNS? Thick as thieves
1984 agreed ******* stupid ….. it’s almost as if it suits them
shocking
Slug's too busy on the other board Jezzo, he has at least 4 profiles on the go there (only 2 here).
Typical low volume again and it's the AT's that are taking it down. The mind boggles why the canndian's were buying heavily (by their standards) at near 13p. Surely they could have bought via international broker and got nearer 10p with currency swings taken into account.
There was almost 750k bought yesterday at average of 12p+. Wonder whether the mm's will bother to try and align it come 2.30pm today??