Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Let me ask you, if the sp was at 38p now, would you be complaining about the company?
Would you be demanding to know what is going on?
Well I will repost my earlier post, it’s there if you wish read it, all things take time especially in very difficult terrains
28 July 2022
SolGold plc
("SolGold" or the "Company")
Business Activity Update
The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to provide an update on the progress of activities within its exploration portfolio and the Cascabel project.
SolGold's regional exploration programme is focused on a number of highly prospective projects where extensive and systematic geological and geochemical field programmes are underway to rank the priority drill targets, notably at the Company's Porvenir and Helipuerto projects located in southern Ecuador.
Porvenir is the Company's second priority after Cascabel and SolGold has engaged M3 to progress the Porvenir project Pre-Economic Assessment ("PEA") that is on track for completion by year-end. Additionally, field programmes are continuing at numerous satellite targets to the Cacharposa deposit that comprises a Mineral Resource of 397Mt at 0.44% CuEq in the Indicated category and contained metal content of 1.40Mt Cu and 1.80Moz Au (1.75Mt CuEq). Cacharposa is the second Resource to be defined by SolGold as part of its strategy to define a multi project portfolio over the length of Ecuador.
Regional exploration activity has identified the Helipuerto project as the next most important target for the Company. The Helipuerto concessions lie on the southern margin of the Solaris Resources discovery at Warintza where Solaris has published an in-pit Mineral Resource of 579Mt at 0.59% CuEq in the Indicated category. Geophysical, geochemical and geological analysis indicates extension of the Warintza system into SolGold ground and SolGold is expediting the delivery of drilling and environmental permits to drill test extensions to the mineralised system. An initial focus at Helipuerto is on the delineation of the size and tenor of the Tinkimints copper prospect including mapping and sampling of the area directly south of Solaris's Warintza copper-gold porphyry deposit.
They are busy, atb
MF, to answer your question; no I wouldn't be complaining if the sp was 38p, but it isn't, is it?
Addicknt,
Why? Would all the previous moans about the B.O.D be gone, their lack of communication not be a worry anymore? All the other concerns you like to go on about have suddenly disappeared?
I could go on, but you have told me all I need to know from you, as a so called ex businessman you should know you cannot please everyone, especially a moaning whinging person whom has no understanding of things the BOD’s can say and some things they cannot say.
Well that amuses me, your answer was what I really expected, atb
Mathers - if the SP was at 38p now the company would be doing its job far far better and there would therefore be much more goodwill from investors.
It really is as simple as that.
I've got to wonder what it will take for you and Quady to actually realise something isn't right here. A PFS addendum slippage maybe or a SP sub 12p? You tell me.
Bozi,
But it is not as simple as that is it, if the sp is at 38p then all your concerns on what is happening, what they are doing, where are their funds coming from are gone?
Not as simple as that is it, that does not make sense, we all would like the sp much higher but the are many factors happening in the world and markets which are not in Solgolds hands
I shall await your reply, maybe you’ll invoke mystic Meg to help you with your answers again, atb
No, it really is as simple as that Mathers.
A stronger share price is an indicator of good positive management performance.
Good management performance inspires trust from investors. Both existing shareholders who are happy to let management steer the ship and new investors who are willing to chip in with new capital.
If the SP is 38p the market you trust management to secure the finance required and make good decisions for the business and it's shareholders.
Given this IS the case, the reverse is also true.
I don't know how you can even dispute this Mathers. I'm here for genuine discussion, not for cloak and daggers and tit-for-tat.
If you really believe I'm wrong on this then there's nothing more I can say but bid you good day.
Bozi,
You say If you really believe I'm wrong on this then there's nothing more I can say but bid you good day.
Likewise, I bid you a good day to
The weekly chart has been in a steep downtrend for the last 14 weeks. It looks like Enron chart just before the fraud was uncovered, tbh.
Do the insiders know something we do not ?
Nonsense, the share price is just a tool for which the market gets trades away. Supply and demand normally dictates it. But it's the monetisation of assets that forces share prices to become more 'valuation tools'.
Look at Oz Minerals... trading near $17 shareholders unhappy ... was that poor management Bozi?? Then offer comes at $25. Then looks like final offer might be $30.
So at what point did that poor management change?? Or was it the share price that changed? Mmm
Share prices often do their own thing unrelated to the company. It's when you get M&A that the share price is forced to do what it was many moon ago designed to do before the spivs turned the markets into a casino.
that's a strong one kat2008.
There have been some real pearlers on here of late: "the share price doesn't matter".. "Ecuadorian politics is rock solid".. "management and its communication are totally fine".. "it's global events causing the share price to halve in 3 months and nothing to do with how the company is being managed".
The delusion here is deep amongst some of you. Perhaps I have been extremely fortunate, but over the last 18 months or so I have not been invested in any company that has been as poorly managed as SOLG. Certain posters on here are cherrypicking facts and clinging on to RNS to support a view that everything is fine and dandy and there isn't anything to worry about, totally ignoring the stream of bad news we have had to put up with (I'm bored of repeating them).
I'm afraid you are so far off the mark it's laughable. And for the "share price doesn't matter" contingent - if you truly believe this I hope it's only your own money you're responsible for investing. Utter loons.
SharketMare so DLG has fallen a third recently yet really well run company.
Sorry your post doesn't hold water.
Fort - I don't know the full background story behind Oz but yes, I'd be inclined to say it was bad management.
Just because an offer came in at $25 that doesn't excuse what went before.
To use your supply and demand scale theory. What creates a lack of demand for a stock, thus dropping the price?
1. A weaker investment case
2. Poorer fundamentals
3. Adverse company news such as profit warnings, operational mishaps, financial sloppiness, etc
All of the above is directly controlled by management.
Now, we can also include the wider macro picture, but this one is an uncontrollable variable. However, management can take steps to position a business on a good footing should any downturn happen. It's called operational resilience.
Similarly, a lack of supply of stock is cause by increased demand and a lack of sellers. Why? Because all those variables I just mentioned are being well managed or are in a company's favour.
So yes, the share price is just a valuation tool for traders but it tells the story of the stock, as does the chart. To suggest it's meaningless until there's a corporate catalyst, is, well, not true.
Another 52w low today. Utterly fabulous.
Good luck to Darryl trying to raise funds on this valuation. As Tony Beets would say, it sucks to be him.
may be he is targetting a raise at 10p!
... If he wants to be public enemy number 1 Medar...
If he doesn't enjoy his job and doesn't want to lead the company going forwards.
Everything's fine though Bozi, can't be anything wrong here as a FTSE250 insurer's share price fell by 20% recently too. Or something like that.
Nothing wrong whatsoever Shark.
What is it they say is bliss?
We all seem to disagree.
One thing I would hope we all agree on is that we will have a more accurate outlook by the end of the tear.
Let's just wait and see.
Maybe not strong enough.
I can read a chart. Steady but relentless selling .
4.5 million fraud uncovered and admitted. Seems to have been swept under he carpet, though. Prepping the stage for the main news.
Two CFO senior financial officers jumped ship, along with other senior managers.
Sounds like a setup for those in the know to cut their losses before the bombshell.
I got burned by Afren a few years ago, so I know the score.
Sharket
They are a few on here who remind me of Ostriches.
They are in balls deep and don’t really have much choice but to believe the ramping BS posted daily on here.
Their investment strategy is if it is all going t!ts up pretend to buy a few more 100k tranches so to convince everyone ie themselves …..all is good.
For anyone to post the sp does not matter to an explorer in Ecuador is beyond delusional……
When they run out of cash do they honestly think a charity company is going to give them a £100m top up to keep trading.
Mather must be pooping his lead lined pants currently
The big boys have this by the nuts, at the right time, with the right management in situ, with the right dwindling cash position. And you think they want to assist you with everything in their favour?
Kat …. “Relentless selling” … lol
Excellent Tesla so glad you disagree with me.
Just makes my position stronger.
Ever hear of dark pools ?
Saw it happen with Gulf Keystone Petroleum.
Notifications 'lost' or 'delayed' by weeks / months.
Kozel and friends unloading before walking away.
Word.