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Orthern, yes that is a risk for sure. Part of me wonders whether letting them get a foot in the door at 17p was a quid-pro-quo. Take a chunk at 17p, then bid for the lot a 45p. If someone counters then you make a lump on your 17p investment, if they don't you get Cascabel etc for a song?
They will, Orth. People with deep pockets don't rush to spend cash they don't have to.
Pedro and Jose down at the fish farm are probably sat wondering what the future holds, same as us..
One thing is sure, if no valuable monetising event happens within the next few months, If the Sangha crowd can not generate a fair value exit point, then we are looking at a painful 2023.. The Chinese could sit back and wait, just like BHP.. who’s to say they won’t?
The whole point Zoros is it looks like Solgold will take Alpala to production. Maybe via a JV and it will not get diluted to hell.
Add- my view is based on the lack of credible evidence of an impending bid. I know lots here have chosen to interpret recent action as a sign of a bid. I believe they are wrong. They are the actions of individuals trying to cause a bid. That's a very different thing. As I said yesterday, there's and ingredient missing in this recipe.
Cash-My-Giro, They have just sold 6% at 17p. so I can see them tempted at 50p.!!. The only thing that may prevent them is redundancy. It is better to sale chunks at knock down price and enjoy a decade of employment and share options.
Exactly Copperpot your RNS is an official update or news.
A twitter posting you can say anything.
If he has something to say which will affect the price, then RNS it.
RK, I tend to put more credibility into RNS's more than I do Twitter feeds! I'm not a deramper....I'm a realist!
CMG - me too.
SharketMare
Sorry.. But I don't see Solg selling for only 50p a share. .
I hope you are wrong on that suggestion.
So let's be clear copperpot...you're saying dont buy any more SOLG shares...?
If you are holding, why would you deramp...?
Are you offering some sort of Public Service to destitute investors...?
copperpot, you do realise through being invested here you are clutching at the very same straws as the rest of us? There is no other game in town at this point. Irwin/Sangha/Caldwell and seemingly Mather are aligned on the way forward. Whether it's a takeover, sale of Cascabel or JV, there will be an exit point at price at least 100%-150% above where we are today (at the bare minimum for the sake of some of the very LTHs here) in the not too distant future.
If I were Jiangxi I'd want to take over SOLG in its entirety and build Cascabel under the Solgold name (as Tongling were planning to build a mine in Ecuador under ExplorCobres). Keep the coffee and chicken farms going. Try and convince some of the Solg execs who have sat down with the Lasso government to stay on for a year and smooth the transition (though the Chinese have other ways of doing this...).
SH, your opinion is as valid as anyone else's, but you accuse those who believe a bid is coming of basing there opinion on nothing. But so is yours.
In fact, it seems to me you're wilfully ignoring what's been going on over the past few weeks.
I think some are believing Arren Wirwin...... with too much 'blind' faith! He's not actually posted anything specific, just teasers that can be interpreted in many ways. It's a bit like Ted Rogers 3-2-1. It can be read into in many ways. He never mentions timeframes etc, his posts could mean anything in fairness. If a sale comes along at a fair or even fairer price....happy days! If a J/V (my nap) comes along happy days! Don't put all your eggs in Arren's basket......you are clutching at straws!
If letting Jiangxi get a formal foot in the door is step 2.9, I can only assume they are lined up to make an offer for the company?
Does anyone have any *** packet calcs on how close a run thing the AGM is going to be?
Mather up for re-election along with Caldwell and Vujcic. Make or break!
Did you get yours this morning?
Blimey, fort- I assume yours is some kind of feigned ignorance for comic effect? You jump around all over the place, making wild assumptions rather than reading. I want a sale. I don't think one is going to happen before AGM '23 (so not imminent like so many here insist). I'd love a sale at a top price at any time (who wouldn't? Honestly can't believe you can have misunderstood that genuinely). But again, I do not think there will be a sale any time soon, and anyone who says there will be is spouting rampy nonsense.
Latest from Irwin
https://twitter.com/bigdude6669/status/1595633616180359168?s=46&t=zOT2CJIQ5_jwXYLHyIoOPQ
Stack, so let me get this right... you do want SOLG to sell but not before Dec 31st 23??
Is that right?
I'm confused as everyone that says this is going to be sold - you jump on them and say it's not going to happen.
If the sale comes after your Dec 31st prediction, you'll actually have to wait longer for your profits. So are we to assume that you are happy with that? Or would you rather a fast and smart sale which happen before your 'not before Dec 31st 23' line in the sand??
Wow, fort: still replying?
Not sure where you got the impression they I didn't want solg to sell from? But that's just not true. What I said many messages ago, and what I maintain now (despite the bluster and sheer force of will on this message board!) is that solg won't sell any time soon. So the people (hands up, everyone!) saying a sale is imminent are spouting the same nonsense they have for several years.
Whilst we are waiting for further news....
For those of you over 50 or love the 60s/70s
https://www.youtube.com/watch?v=H-kA3UtBj4
For those of you who grew up during the 90s
https://www.youtube.com/watch?v=6NXnxTNIWkc
Re-read everything in the last few days.
I have never said we would be sold. So have got it right, where week after week for the past nine years this is what the uninformed have said.
Everything points to a JV now as I said re-read.
Quades - quit baiting me!
If we are not for sale, then why:
dispose of 3/4 of the BoD?
stop all exploration drilling?
bring onboard another investor?
delay the DFS and TA PEA?
If you were really honest with yourself Q, quietly whilst lying there in bed - you would have to concede that Solg will never get anywhere near doing this alone. You stuck it out for years and years and recently allowed some leeway regarding a JV prsopect.
So no - I can't admit: "you have got it right up till now".......the exact opposite is true Q.
CGP are driving this (maybe NM in the rear seat) and the Solg we all knew - months ago, no longer exists.
2023 - will see the lid closing on the old Solg for good and for all of us.............thank gawd!
Z
Zoros you have to admit I have got it right up till now.
Trust me we are not for sale.
Just sit back and enjoy the ride.
Nothing of note happening till the new year.
I believe company verbology is: Asset stripping.
Z