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6th on the top risers board so far today, nice...
Right lads....
See you all later
Solg, the gift that keeps on giving and giving and giving ;))
There's the massive bounce....
Stop pretending you don't read my every post little novice..
So now it seems clear that yesterday was a cheap shares for the boys day Lolzzz, thanks very much !!!
Sharket,
I think the 'experienced' recruits are there to add credibility to the PLAN A strategy of taking Alpala forwards on a development basis. You know... gives it some authenticity compared to having some guys on there that are well... less than experienced to such a task?
Of course, Plan A might be a hopeless one but if you want top dollar for your assets in a sale you need to make the prospective buyers think you have 'options'.
Bit like Darryl telling the market that they have plenty of finance options and yet majority of pi's on here (you included) seem to think there is only one option and it's an equity raise and a poor one at that. And remember, what was said about a month or two ago might not be said now. Things change fast especially when the market tanks.
Another thing that has been playing on my mind the last few weeks are the new execs we've brought on.
Steven Botts has already clocked up 40 years in mining. Bernie Loyer 35 (and hasn't even bothered to update his LinkedIn to show he's working at SOLG). Keith Pollocks is relative spring chicken, but even he has a good 20+ years as an accomplished money man under his belt.
Does this group - particularly Botts and Loyer - really have it in them to bring a new Tier 1 online over the next 7 years?
Loyer did 15 years at BHP and overlapped with Darryl. Pollocks worked for a coal mining company around the time Darryl C was promoted from Head of Coal to Group Exec of APAC at Orica. I'd say there's a fair chance their paths crossed at some point, especially as they then both spent the next 4 years based out of Melbourne.
It does feel a bit 'jobs for the boys' to me, particularly when you consider we've turfed out all of the old finance and exploration guys, one of whom mentioned a 'change in strategy' when he left.
Tesla1,
Are you a buyer in waiting here or just someone that likes posting on the SOLG bb?? What's your investment interest in SOLG?
More guess work from me I suppose?
•¿•
there will be a few out there very upset if it doesn't fall back.
Order book looks very light- almost as if someone wants it much higher and into the 17's.
Have they agreed an equity raise price in the high teens perhaps??
Let's hope something is cooking otherwise this will fall back...
We need something -good news and soon
Something cooking
That’s what I meant Ray sorry …. Put a bid together is probably better
He won't manufacture a bid as its illegal... It will have to be the real deal...
Lunchmoney,
Know what you are saying but looking at recent news updates, permits are hard to come by and grass root rock samples just about acceptable before more red tape to get all the environmental approvals pre drilling etc. It takes time and money.
Would you not agree that recent exploration drilling (over the last 2 years) has been hit and miss or more miss than hit!
Time for some fresh exploration faces perhaps? Hit some big holes again?? Get some excitement going?
It’s a bit out there I know
I like that scenario DBW
pigeon English?
Only kidding!
Fortissimo
Here’s what I think and why Irwin & Mather are so cool
Nick will manufacture a bid and maybe even front it.
He says to Jiang Xi or say Gina R .. I think we could get this for (let’s say ) 35p …. The offer comes the board approves it and BHP have a decision to make.
Do they walk away with 35p a share or make a move ??
I think I know the answer ….. either way it’s a win win for Nick .
addicknt.
I'm not a fan of Darryl either. Think he's the right man for a large project like Alpala with proven deliverable experience and that lends some credibility to funders and those that want to believe the 'we can develop this' mantra. But is he a CEO?? Absolutely not. Does he understand markets? Absolutely not. Does he understand retail investors and their desire to be stroked every 5 mins with news?? No. He's the wrong man for the retail investor base. But he might be the right man for the funders. Furthermore, he might be the right man to get that PFS2 done to the best level it could be. So it's a mixed bag but remember, he does have advisers like PWC... Citi group...the nomad... NEDS etc etc so they should be stepping up to the plate and helping him and SOLG. I think you should air your concerns toward them and not Darryl (in most cases).
If or when an offer comes for SOLG, remember it will be based on the PFS2 and Porvenir PEA. The rest of the folio likely to go for peanuts which is a shame. But that's what happens when you don't drill the prospects.
Sorry for the typos
Yes, that 8mplies that BHP finallybpaysba price that Nick is happy to accept, which could have happened already if BHP were so inclined
Fort,
The only thing that has changed is that Dc has been brought in to make solg as cheap as possible to draw out a bid.
The way I read it is cgp got there way( hence being so quiet) and they will support Nick on a price they both believe achievable/acceptable.
SM, I think recent events have proved beyond doubt that production is way beyond our capabilities. But we've always known that.
Dr Copper was mysteriously higher yesterday and up over 2%. Very rare to see that against major indices falling. It's normally a bellwether for bullishness.
SOLG's sp moving on decent volume for first hour of 1.4m. Normally see 1.4m as a total daily volume. Looks like it's hit a zone that interests buyers.