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Well done Bubble!
It didn't fit my strategy so I'm afraid I didn't. Ho Hum...
My only holdings ATMO are SOLG, GPM, SAVE, 1SN and JAY...otherwise sat in cash...
Treat yourself out of your profits matey!
O/T Red did you take my tip about HARL?
Pull the other one red..
I think you are possibly over thinking this rk at the mo ..I would not necessarily say offering 18.37 for 1 million is panic buying ?
So I can think of four possible scenarios...
One of the Market Makers is desperately short of stock...but if so, why panic buy...?
A major buyer has a big order in. If I'm bid for 1 million, the whole order may be very much bigger than that...
Somebody has been given inside information and is trying to get as much stock ASAP...
Its a PI who has bought the Bid story and is naively trying to buy 1 million all in one go...
Whatever the reason, trying to buy £183k of SOLG in one go is a pretty big deal...
But why is the SP stuck at 18.42/18.60...?
And TOTAL volume today is only 1.12 million so this order would almost double that...
Thats my point. Either something sackable OR a fundamental disagreement with the proposed strategy...
I remember many years ago I brought a merger proposal to the CEO of the major FS company where I was FD.
His response was "not interested...I don't want to lose my job..."
So just suppose DC disagreed with the merger (maybe S/O else gets the CEO as we've seen) or...the conclusion of the strategic review is to sell the company and he didn't agree (which, for the conspi******s, he wouldn't agree if it wasn't BHP...?)
So...one Market Maker will definitely take 1 million shares off me at 18.37p...
And...
The ACTUAL market quote is 18.53/18.5384
Something must be about to happen...surely...?
Tesla, he will be right when SOLG starts producing copper and gold from its mine at Alpala. Until then, as Monte rightly pointed out the other day, he (and those who are claiming the company will be bought out) are neither right nor wrong.
I find it staggering that anyone believes this company will exist in 7 years time. We have only just about managed to scrape through 2022. We have no CEO, we haven't had a proper CFO in role for more than 6 weeks for years, and we have a load of people on the board who want the company sold.
Welcome back Starbright.
Where have you been?
Z
could be. but if he was on the dark on the decision, it means something big/ugly was the reason for the decision.
He has been more right than the rampers who have been saying this will get taken out for 3 years……and still saying the same BS.
Most recently spouting it will all be in place before the general meeting……
It’s strange how the rampers on here are convinced that the company will be taken out yet no one in the markets seem to agree with that judging by the sp action, however we have one ramper, very deluded, who is adamant there is a big buyer in the background.
When that happens the sp rises, not drops……
I am firmly Bid for 1,000,000 shares, yes 1 MILLION at only a smidge below the market price.
There is one HUNGRY buyer out there...
Is this thing about to take off...?
It was obviously unexpected …. I’d say everything (well quite a lot) now hinges on the completion of the merger ….. once complete the register will look much more stable and harder to disrupt
He did a 'business as usual' post only a couple of days before being fired...can't have seen it coming...
That’s actually hilarious. He’s jumped on Google trying to pass something off as if he knew then been caught out for posting about the wrong kind of pme
Right Q one last question….. if this gets taken out lock stock will you have been completely wrong?
If we’d have taken this to production I’d have been wrong …. And very disappointed
my IQ is average Red. Where is the puzzle?
Sure.
So heres a puzzle...
A week ago he congratulated 'Steve' on his presentation to IMARC
"Good presentation Steve on how SoGold can help enable Ecuador to be the next Copper frontier when the World needs copper the most."
And a couple of days later...at most...he was gone...must have been sudden...
Wrong SharketMare I have always maintained the most likely outcome and reviewed the situation along the years.
Yes I have said in the past we could go it alone. So have the company.
With the CGP situation we seem to be modifying our position and the most likely outcome is JV to production.
What bit of that do you find difficult to understand.
Quady, no you haven't. You have maintained that SOLG will go it alone, find the requisite financing and build a mine at Alpala. That, by your own admission, is now not the plan, and you therefore called it wrong.
Let's see what the outcome of the strategic review brings.
I am aware of that starbright I was just explaining the terms.
PME in the context of Solgold = Price Monitoring Extension. A process instigated by the exchange when a periodic auction doesn’t deliver a clearing price. Relevant to UT prices.
PME in your linked article = Public Market Equivalent. A valuation metric/methodology sometimes adopted for privately held companies. Nothing to do with UT prices!
Two completely different topics….
Sorry SharketMare your post is ridiculous. I have for nine years constantly called this right.
Every time someone has said this will be bid for and a bid was imminent, I have looked at the situation and concluded extremely unlikely.
So I have constantly called this right.
I really don't understand how you have the cheek to pretend I said anything else.
I think it's time to check your thinking and nuance what I have said.
I have always maintained the most likely outcome, and I have nuanced that as we have proceeded towards production.
I accept fully things have changed. The biggest one being the CGP story. But guess what we are now talking about a JV to guess what. Take Alpala to production.
No one has suggested selling Alpala or Porvenir, but we have suggested selling other tenements.
So that rubbishes the argument that we wouldn't advertise a sale, as that is exactly what we have done for other tenements.
I think it's time you tried to work out how I have called this correctly and you haven't.
To pretend anything else is deluded.
Morning Sharket
For years he insisted we had all the tools in our locker to take this to production. That is the only outcome we know for sure isn’t happening.
Ok Q now concedes a JV is a distinct possibility which I guess is progress of sorts. My view is a clean takeout of the whole shooting match, I don’t claim to know who when or why but it’s clear all the pieces are being put in place .
Less staff, less exploration, Ensa conundrum being sorted. Hopefully once merger is complete things will gather pace.
to eke out a bid*