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Big dude thinks it’s a Boom!!!
https://twitter.com/bigdude6669/status/1595419299392651265?s=46&t=0AeLp4Z-bKGKl7JJ2ZBYJg
Not sure why Irwin thinks that's a 'boom'.
But then again, he might have snaffled some of those seemingly self created 25m shares that SOLG have placed with investors which they did not name.
That said, for most common pi's todays action and past days have presented ample opportunity to buy up stock at sub 17p level. So free for all to 'boom'.
In years past, an RNS that said we've got a new shareholder on board and they are basically bigger and more cashed up than BHP ... would have had the sp doing cartwheels higher.
The funny thing is, had they placed those shares with Wyloo, or Fortescue or Barrick or Rio... then I genuinely think we would have had a proper boom.
I bet irwin and co are wondering what on earth they have to do to raise the price here. A lot more if they are to beat the 'controlling hand' that is .... blackrock... but that's my guess so discard it as you see fit.
I don’t get it too , if this strategic review only unlocks 36 million from a Chinese state mining company we are in dire times
Its strategic kohaku...
Post merger BHP and NCM will own less than 10% each...
Meanwhile SOLG still 17.955 on TSX...
Latest comment from WI...
'This was step 2.9 in the 3 step process. What do you think the next step is?'
If SOLG could could kindly keen a lid on any further news until we hit step 3, that would be appreciated.
Can we the f** k on with this now. C
'This was step 2.9 in the 3 step process. What do you think the next step is?'
Next step will be 2.91, followed by 2.92....
If that merger is not done before Dec 22nd AGM, then step 2.91 will be a begging letter to pi's asking them to vote please please please.
Anyone ask Irwin why there was 25million shares at 16.8p bought by NON strategic investors lol!
Someone asked WI
“ Hi warren , can u elaborate please. This is not the best news weve heard and as holders for long time in solgold are pretty disapointed at the price , why the boom comment . What are you expecting to come from this ?”
His response
“ Think about the question you just asked me over in your head and figure out why this might be an extraordinarily positive event for us. This was step 2.9 in the 3 step process. What do you think the next step is?”
Biased bluster from a guy who really wants this to sell.
Thanks mister
Looked like we are on the home straight then.
About time too!
The stars are aligned for something to happen pre Xmas.
Stack
"Biased bluster from a guy who really wants this to sell." END
There you go again... bashing the guy that wants this to sell?? Ermmm... I thought you said you had 200k shares and were looking for a profit??
You sound like someone that has 200k loaned shares and you're looking to hand them back at a cheaper price lol!
Why don't you want SOLG to sell?? You are a strange one.
Wow, fort: still replying?
Not sure where you got the impression they I didn't want solg to sell from? But that's just not true. What I said many messages ago, and what I maintain now (despite the bluster and sheer force of will on this message board!) is that solg won't sell any time soon. So the people (hands up, everyone!) saying a sale is imminent are spouting the same nonsense they have for several years.
Stack, so let me get this right... you do want SOLG to sell but not before Dec 31st 23??
Is that right?
I'm confused as everyone that says this is going to be sold - you jump on them and say it's not going to happen.
If the sale comes after your Dec 31st prediction, you'll actually have to wait longer for your profits. So are we to assume that you are happy with that? Or would you rather a fast and smart sale which happen before your 'not before Dec 31st 23' line in the sand??
Latest from Irwin
https://twitter.com/bigdude6669/status/1595633616180359168?s=46&t=zOT2CJIQ5_jwXYLHyIoOPQ
Blimey, fort- I assume yours is some kind of feigned ignorance for comic effect? You jump around all over the place, making wild assumptions rather than reading. I want a sale. I don't think one is going to happen before AGM '23 (so not imminent like so many here insist). I'd love a sale at a top price at any time (who wouldn't? Honestly can't believe you can have misunderstood that genuinely). But again, I do not think there will be a sale any time soon, and anyone who says there will be is spouting rampy nonsense.
If letting Jiangxi get a formal foot in the door is step 2.9, I can only assume they are lined up to make an offer for the company?
Does anyone have any *** packet calcs on how close a run thing the AGM is going to be?
Mather up for re-election along with Caldwell and Vujcic. Make or break!
SH, your opinion is as valid as anyone else's, but you accuse those who believe a bid is coming of basing there opinion on nothing. But so is yours.
In fact, it seems to me you're wilfully ignoring what's been going on over the past few weeks.
Add- my view is based on the lack of credible evidence of an impending bid. I know lots here have chosen to interpret recent action as a sign of a bid. I believe they are wrong. They are the actions of individuals trying to cause a bid. That's a very different thing. As I said yesterday, there's and ingredient missing in this recipe.
Pedro and Jose down at the fish farm are probably sat wondering what the future holds, same as us..
One thing is sure, if no valuable monetising event happens within the next few months, If the Sangha crowd can not generate a fair value exit point, then we are looking at a painful 2023.. The Chinese could sit back and wait, just like BHP.. who’s to say they won’t?
They will, Orth. People with deep pockets don't rush to spend cash they don't have to.
Orthern, yes that is a risk for sure. Part of me wonders whether letting them get a foot in the door at 17p was a quid-pro-quo. Take a chunk at 17p, then bid for the lot a 45p. If someone counters then you make a lump on your 17p investment, if they don't you get Cascabel etc for a song?
True, SM. But this will be just as true in 2 years as today. So no one will rush to bid
Stackhigh. Maybe, but that runs the risk of 1) someone else bidding and them missing out 2) the price of copper recovering and passing recent highs (which pretty much all forecasts point to happening), meaning the asset/company will be more expensive to purchase.
If you hold 200k shares here (which I doubt, to be honest), what do you see happening? And why are you continuing to hold given that the company has 1) stopped all further work on Cascabel 2) not laid out any plans for further drilling across the tenements 3) started the process of dismantling the business?
Given the 3 points above, if you seriously think no corporate action is on the horizon, I would be looking to sell up and fast, because if it doesn't come we are f*cked. There is no plan B - or if there is the company hasn't told us what it is.
I never thought that 7 weeks on since the merger announcement we would still be waiting for the CGP vote to be put forward.. I’m no corporate expert, but this feels like it’s dragging out to me.
I'm clearly a bit more patient. I invested early in the hopes of finding good assets and moving them on. I'll hang around for that, thanks. But I'm in no rush: I work for an income- this is a nest egg, and one that might hatch one day. Sp up, sp down, I'll hold in for a payday. But it won't be this year or next, I'm afraid. :)
@orthern. Or.... SOLG has nearly £100m in the bank to continue drilling.
I get that most are annoyed/ frustrated at the distressed share price, I am too but don't think it is as black and white as we sell all ASAP or we are doomed!!
I would love for us to Sell SOLG at fair price, so anywhere around the 70-80p mark estimated for Cascabel. However a big part of me would be gutted that (at a guess) £50-100m has been sunk over the years in other tenants and various back office costs for non Cascabel so why would we want to sell all of Solg at coat price for just one of many assets.
The tenements in themselves are worth money, if further drilling discovers more assets then SOLG gets back to being an explorer
I'm certainly no M&A expert, or legal expert but if I were SOLG I would setup a spin off company for discovery, issuing new shares to existing shareholders with pretty much zero value. Sell all of Solg to minimise tax implications of just selling part (IE Cascabel). If buyer attribute no value to other tenements, then fair enough, they don't want them so as part of the sale transfer tenants to spun out company... Then problem of funding arises for drilling so buyer loans SOLG £50m to continue drilling with a clause that states they have first refusal on any discovery.
Probably cloud cuckoo land stuff and expect people to rip to shreds, but not heard anybody really talk strategy beyond the next few weeks / months here apart from take to production/ joint venture and surely something along these lines is feasible?