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Following the recent discussion and joining the dots, Scott's recent statement 'SOLG are in the best position they've ever been in' is most likely because (probably because for the first time in many years) the BOD are finally ALL aligned with the same goal, they want either a sale of the asset or and the company, and this is also reinforced by multiple director buys last quarter.
Now the best way to achieve that goal is to deliver a highly attractive PFS (due very soon) that has an entry cost of $1-1.3bn that will attract multiple entities to want to get involved, because that will force the majors to the table and then it's game on. As I've said before, this will be a very interesting quarter and all being well, a highly profitable year.
It could be that, Hemo. Or he said it as a vague statement that can't be quantified (typical management speak). You know, because he is the guy who has presided over a collapse in the share price?
A cynic would say the director buys were fairly small, and came at a time when the SP desperately needed stabilising. What better way to try and project confidence than to buy a few shares? The SP has always risen on FOMO and it would benefit them if they generated some. What it actually did was remind the market that the talk of data room interest wasn't near to yielding anything interesting enough to block insiders from buying.
Mog many thanks. I'll be very surprised if SOLG doesn't end blue today, and most days going forward. However, be nice to have the focus (and headers) on SOLG moving forward.
Stack fair point, investing is all about opinions and how the individual reads things.
Bought 100k at 7.88 on a T20...
Settlement 16 Feb...after PFS3...?
A mr big player like you needed a t20 for a £7k trade???
Gino the reason people say the revised PFS will be the 14th Feb at latest is that Scott has said it's expected to come out 'early Q1'
Solgolds schedules are worthless.. it will arrive when it arrives
Hereforhemo. Not to sure where you turned up from. But to date your posts have shown your clueless.
Just buttering up to the happy clappers.
But today's cracker from you......
"Stack fair point, investing is all about opinions and how the individual reads things.".
Takes you to another level.
If your investment strategy is about opinions and not research and risk v profit.
I suggest you take any money you have in solg, and dissappear from whence you came.
jesus, how do you form an opinion? from research you imbecile. just because i haven't been posting doesn't mean i haven't been in and out of solg for many years, not that it's any of your ******* business.
HfH …. These idiots are two a penny ….. just filter it
Done lol
1984 I would respectfully disagree with you. You only have to look at all the new car models being released this year and vast majority are electric. That being said, the exciting thing here is its a gold, silver and copper play.
Agree Hemo.
It's pretty well known that EVs going forward will contain less and less copper than ever before.
It's also pretty widely estimated that copper demand is set to increase by 280% of the next 6 years.
So, demand is going parabolic but copper usage per unit is reducing.
Betamax indeed.
HrH I would respectfully disagree with you. This is quite some way to go before anyone could consider it a gold, silver and copper play.
It’s a speculative investment in an exploration company, and always has been. I agree, that may be on the cusp of changing (we are all hoping so). But we’re not a miner, and imho never will be.
ToS never meant to imply we'd become a miner and it's not something I'd ever want us to be. I was just trying to highlight whether you think its gold, silver or copper that's the greatest asset, its all there, and on large Tier 1 scale. Hopefully enough for a major to eventually take it off our hands for a large amount of money. Fully agree its a speculative investment, high risk high reward.
I believe 2024 will show SOLG to be primarily a gold play, in terms of valuation metrics and predatory interest...
Gold will surely break out this year and a Bull Market in Gold Mining Juniors is long overdue (last in 2010).
While I also think copper will continue to recover, it is only a direct consequence of declining net supply and the strength of the dollar. So I think a recovery to and beyond $4 cannot be guaranteed this year, although Supply/Demnad dynamics will surely exert themselves over the next 5 years.
Silver is in relative terms a sideshow, but not to be dismissed, because management has already stated that silver sales will cover the AISC, leaving the latter at zedo...i.e. the cheapest net AISC in golbal mining...
Hope this helps
When N M was at the helm he said Solomon gold as it was then would go into production in 2025 when he resigned it was changed to 2029 sooner we start production it will br worth much more as a going concern
HFH have a look at what Ford have just done, slashed production of their EVs by half and pumped more resource back into hybrids and ICE
$12bn in EV development on hold because the market simply isn’t there
There’s no point building things that people won’t buy