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Someone’s here to stir the pot again
“Many said we would have a bid on the 9th January 2023”
If many said it I’m sure you can find one example for us? Who said it? Simple question
I have only ever said this would be sold, not when.
Unlike you I’ll stick to my guns …..
Well for all those that said we will have a bid by the end of 2022 you are wrong yet again.
Many said we would have a bid on the 9th January 2023.
Yet wrong again.
I would like to start a genuine conversation.
This is to the posters that have been constantly wrong.
The question is why have you been constantly wrong, how can you correct your thinking so that you can call this right.
Please don't justify why you have been constantly wrong that's boring.
I would like to see if anyone has some contrition and is not arrogant and that they have the emotional intelligence to work out why they have constantly called this wrong.
https://tradingeconomics.com/commodity/copper
On a benchmark basis, SOLG should be around 25p to 28p range. Granted, copper correlation not an absolute but key indicator along with PoG. SOLG has ARB issues which should be resolved in next 3 weeks. Thereafter, it would not surprise me to see mid 20's. Many will align that rise with SR rumours or rumours of sale etc etc and then you get snowball effect whereby leading indicators align and bullish sentiment then drives sp on bid rumours.
Stuck in neutral at the moment (or ARB mud) but that can't last forever. There are more reasons for SOLG to return to mid 20's than mid teens (IMHO). Unless markets go into melt down of course!
Rerating already underway with PM's... SOLG likely selling assets or business into a very healthy market backdrop. Not many would have said that possible some 4 months ago when all was doom and gloom.
Just off ATM taking a breather
Copper price flying broke $9000 bides well for solgold assets
Sean same here !!!
Sean, let's hope so.
I would hope addicknt that positive PR in a gamechanging sense is coming soon. I'm not going to be counting down the hours or the days, but I do think soon.
As I said in a recent post, I'm not looking for anything from the company now - certainly not money wasted on any further drilling - time to just sit tight, reduce costs, and make ourselves as attractive as possible for any first move bidder. Not sure what good news we could conjure up meantime that wouldn't seem insignificant, almost silly, against the backdrop of a possible sale.
SOLG is exactly where I want them to be now. After years of complaining, I am happy to put up, shut up, or simply wait.
I've been in this share at 20p, 25p, 30p 35p, 40p and even 46p, but have never felt as confident in a good final result as I do today.
Add ….. I’m very confident there will be some very positive “PR” soon …..
Sean, speaking for myself, I wasn't 'upset', as you describe it, I was simply trying to understand what the regulatory requirements are. However, I do think there was an opportunity for the company to add some colour by welcoming CGP shareholders and reinforcing the new corporate direction etc, etc. In other words, a chance for some positive PR.
Exactly - CGP voting for the merger was THEIR corporate event, not ours.
Yes, of course it's news relating to SOLG but it's not generated by SOLG at this particular juncture therefore no RNS required from us.
Not sure why it's upsetting so many of you.
The answer is that there's no requirement for us to release the same statements as CGP and therefore the company won't be doing so, although I guess Canadian regulations are different.
DM, I get your point and agree an announcement from us with a bit of added narrative would be helpful.
Ratification.....see my post from earlier this morning.
FTJNY good point
FTJNY, yes, that thought had occurred to me as well, but I'm not sure it's correct. Anyway, I've asked Fawzi and will report back if I get a response.
As the proposed merger won’t conclude until the end of Jan could it be that Solg don’t want to make an announcement until it’s signed and sealed as until it is there remains an outside possibility that CGP could receive a bid so maybe Solg are just being cautious in the timing of any announcement?
DM, both announcements appeared on the SOLG page.
I get the feeling that these guys are planning on doing only what is absolutely necessary from regulatory standpoint from here on in, i.e. the bare minimum. They will look to cut costs at every corner and, if they are confident of monetizing Cascabel, will not be bothered about pushing out an RNS in the UK to potentially add a few pence to the share price. The CEO's salary is comparative pittance compared to his predecessors and we've already seen headcount at HQ cut back with no stated intention to fill these roles. They will eke out the recent funding as long as they possibly can.
You should get out more then :)
I left when I was early twenties, but folks are still there, so back a lot, and will always miss it :(
Perhaps I can retire back there once SOLG has done it's stuff!
T
Morning Add …. Maybe they’re working on a bigger transaction:)
TheItalian, we made the announcement in Canada, so I can only assume that UK regulatory requirements don't necessitate we do so here, although given the size of the transaction and its importance, this strikes me as being very odd.
Not sure why folks are concerned with the lack of SOLG RNS. So far all that has made progress is on the CGP side and even there is plenty of cautionary notices and forward looking statements. When SOLG needs to report actual progress on the SOLG side there will be an RNS. Just chill.
Maybe any news will come CGP until the arrangement is closed? They won't exist after month end, so it's over to Solgold then. I wonder if there will ever be a name change for the company?
;-)
Certainly frustrating, we have not heard from Solgold as regards this monumental event. They certainly know when to appeal to us, the PI's when the chips are down. Hope our disappointment is reversed with communication soon?