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The book is continuing to strengthen considerably, which is unusual for low liquidity, you are like expect it to loosen up as MMs don't want to be exposed.
For reference a few weeks ago we had most MMs on a 5p spread with wins and shore on 2p. Now all MMs are on 3p or less, with shore down to a 1.8p. Spread.
It's looking more and more like an attempt to induce liquidity prior an event.
Good shout Novice
Apparently the book turned late on ....?
No problem with me dart, just so obvious this was going to happen... Tmrw big news (hopefully) comes @L@
I am happy I was proved wrong. Lucky I didn't put my life savings on it. Perhaps I will keep my mouth, or keyboard, shut in future!
Frog
Lol
You were saying Dart...
ToS, agree - if there is no RNS update tomo AM, then not sure what additional info they are going tobe able to provide since the last update only a couple of weeks ago...most of us aren't really interested in hearing more "imminents" - although note that NM did not use that word in his last webinar - he shifted instead to "in the not too distant future" or some such. That's the new imminent!
She's very good is Eliza, but by golly we need the PFS and drilling results this week....
Fear not everyone, although the SP continues to falter, all is not lost. There’s a webinar tomorrow. Just when all appears lost, a good old boring webinar usually does the trick. Not.
Jeez, they better release something tomorrow am or this webinar could be a car crash.
Not great!
Frog
What's the odds this closes level today or possibly blue...
Thank you DBW, I would have hoped if their was a delay on the PFS, it would only be a day or two on that statement.
Q agreed re funding statement, on a recent webinar NM stated they were in advanced talks for “the lot”
Re drilling I got this back a week or so ago
“Hi ***
Apologies for the delayed reply – it’s been a manic week!
We are currently finalising the PFS and I’m sorry I can’t give an exact release date.
Correct, a drilling update for the regional programmes shouldn’t be too far away. Although we are expecting delays out of the labs due to COVID-19, but rest assured we will update the market as soon as possible.
Also at Porvenir we’re drilling as quickly as we can however the strict protocols in place means we aren’t drilling quite at the same aggressive pace as we were during the Alpala days.
I know I’m certainly excited to see some results of out of those two projects.
Have a great weekend and thanks for your ongoing support.
Best,
Eliza”
I've been invested in Solgold for many years now and have gradually bought more shares, but the share price is so incredibly boring :( Hopefully we'll get some action in the next few weeks/months, as seeing it drift between 25 and 27p every week is so dull!
Cornford's been following SOLG for years and no doubt knows the company inside out
ToS1963, I am surprised that the price is not moving on speculation of the next two weeks, especially on the PFS, as last day to be on tome, is tomorrow.
I am not surprised that as we get closer to 15th October, that we have no movement.
I would like to hear more on the full funding for Alpala, but doubt, we get that tomorrow.
Just feel something is in the offing.
Quady... fancy a mining journalist forgetting NM is taking this to production. You should either filter him, or at least insist he heads up any future articles with the “but remember NM will take this to production” caveat. ;)
Interesting article, however forgets that, in order to get full value, NM will take it to production, however if sold, the bid will be hostile, and that will push up the price.
Frog, agreed it's better many of the articles we've seen, for sure.
In essence, there are some pretty smart posters on here, from a range of backgrounds, who I'm sure have spent a LOT more time analysing SOLG than this John Cornford has. I include myself in this.
There have been a lot worse articles out there. At least he has done his homework and it does put our name out into the wider world enticing some investors, perhaps, into researching the share.
Frog
We all have access to the same data in the public domain, which I assume is your point. However, the differences lie in whether or not we have firstly read and secondly understood all of the pertinent data.
He's neither no more nor no less informed than we are...on that basis we're all 'medium quality'
I find his valuations naive in a dwindling copper and gold world. I thing he grossly underestimates the worth of this T1 asset to majors.