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Reached today, a great opportunity if you can afford to wait until 2024, majority of Pi,s are losing money on here at the moment, only if they decide to sell that is, ?, while others see this as a great opportunity to get involved in a Tier 1 Copper and Gold Mine for the future, which will return amazing value for decades. with Xmas around the corner investors have other plans for their spare cash, Imo hence very low volume.
Current MCap is c50% of historic capitalised exploration and evaluation expenditure.
I think the Lassonde curve underestimates the size of the trough from Feasibility to Development!
Yes, huge upside possible from here, im surprised the Directors are not buying more at the moment ,or is it closed period until after AGM?
Roxi …. They can’t . Closed period pre AGM
6p well in sight and not a peep from solg management!!
Add, I was never a fan of DC. I disliked his next cab off the rank more than I dislike Scott's the rocks:)
I don't miss DC one little bit.
Are there any CEOs anywhere that you do like Eloro?
Thanks DBW, thought as much, im sure they will be loading up post AGM then ?
New low and no sign of the hemorrage being stopped, if anything it is getting worse. But some folks here say that the BoAD are doing a great job and that we need to have faith, that we'll see in Q1 how well they have been working. By then my shares will be worth the equivalent of a pair of shoes.
These clowns need to get a job somewhere else, before the company goes bust
Magoo
Bleeding will stop eventually
Magoo, what is it exactly you find wrong with the 25th October update?
So roxi.
Nobody is buying solg shares because it's Christmas.. That's why the sp is heading to 6p.
Bloody father Christmas.
And dbw is telling us he stands to lose a packet. No sh**t sherlock.
Would never of guessed you was desperate.
What depths will this board sink to if Ecuador pull the plug.
Adikt, why do you cherry pick people's posts to suit your narrative.
Why not address his post saying.
" New low and no sign of the hemorrage being stopped, if anything it is getting worse".
Off course you won't. We don't want facts interrupting your blind faith.
I voted for NM Bozi.
I was disappointed when he left the ceo job:)
My top up at 8.6 to bring my average down looking like a shrewd move. *rolls eyes*
Lol I thought mine at 7.7 was but no will be back to the early days soon but hopefully not the low of 1.18 that I paid !!
Hi Addictknt, the october update was great. A wonderful series of empty words that deluded everyone, me included, that the "culture of non performance" was finally behind us. After that meeting the SP has lost a third of the value, we spent the last few pennies we had in the bank, we found some rock samples and a forgotten core that were laying around. For some reason the market is not impressed. But I am glat to hear that you are happy. You must be one of the shorters..
Magoo, so when a CEO outlines what his strategy is, they are no more than 'empty words'?
And no, I'm not happy where the share price is, but I do understand what he's trying to achieve.
They are not empty words if there is clear evidence of a strategy and of its execution. I don't think this is the case and the market seems to agree. I wish it were different. Still holding but it's painful to see value being destroyed whilst our cash gets spent so merrily
Uk financial year runs April 1
Canadian runs Jan 1
Maybe some consolidating tax losses to carry forward.
Surely the problem is that the strategy he set out takes time, particularly when you take into consideration the mess he inherited?
He wants to sell the company, but the fact is it was in no state to be sold, specifically the lack of licences/IPA etc. It seems to me he's taking the right approach and we just have to accept dealing with the government and developing Cascabel into a turnkey project is no easy task, and it's a great pity the previous CEOs didn't make more progress in these respects. I shudder to think where we'd be now if DC was still trying to push ahead with his production fantasies.
I promise you, I'm finding this every bit as painful as you, but I see SC as being our best hope.
Bp1, what is it about the RNS of 25th October you don't understand?
About £300k in equity worth traded and that it equates to £12m+ knocked off market cap.
This thin volume with top heavy sellers certainly hvaing a disproportionate effect on sp.
That's the problem when management do absolutely zero to invite buyers in.
We are explorers that are not exploring. We are developers that are not developing. What are we Scott? Because the messages and comms you have sent the market have caused this plummet and no else to blame apart from yourself.
Rock chip samples don't make us an explorer i'm afraid. There are artisinal miners out there have have collected more rock chips than SOLG in the last 12 months and they didn't have $70m to blow either.
BP1 - it absolutely would be this low.
Berry Street aside, the continual drift is likely because of an open ended strategic review with no self-imposed deadlines.
This was completely the right way to go.
Had they said "we're going to do the merger, shrink the company's cost base, get the government approvals, publish a phased development plan and complete the strategic review by 30/06/2024 then PIs would have headed for the exit and returned a week before the deadline. The price would have dropped from the low 20s to 7p over 2-3 days rather than over 12 months.
That's all that's different. People hate having dead money.
Fort - we'll give you the keys to a company employing 500+ people and ask you to navigate the year.
You can make 490 redundant on day 1 but it's going to cost you.
Let me guess, you'd just bin them all with no severance like the Roy family on Succession?
Great series that