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Hi LunchMoney the drilling on hold was in a webinar cannot remember which one.
I believe DFS to be delivered by 2nd quarter next year.
Yes they have been quiet on the 20 tenements that we are trying to JV.
Nonsense, the share price is just a tool for which the market gets trades away. Supply and demand normally dictates it. But it's the monetisation of assets that forces share prices to become more 'valuation tools'.
Look at Oz Minerals... trading near $17 shareholders unhappy ... was that poor management Bozi?? Then offer comes at $25. Then looks like final offer might be $30.
So at what point did that poor management change?? Or was it the share price that changed? Mmm
Share prices often do their own thing unrelated to the company. It's when you get M&A that the share price is forced to do what it was many moon ago designed to do before the spivs turned the markets into a casino.
The weekly chart has been in a steep downtrend for the last 14 weeks. It looks like Enron chart just before the fraud was uncovered, tbh.
Do the insiders know something we do not ?
Bozi,
You say If you really believe I'm wrong on this then there's nothing more I can say but bid you good day.
Likewise, I bid you a good day to
No, it really is as simple as that Mathers.
A stronger share price is an indicator of good positive management performance.
Good management performance inspires trust from investors. Both existing shareholders who are happy to let management steer the ship and new investors who are willing to chip in with new capital.
If the SP is 38p the market you trust management to secure the finance required and make good decisions for the business and it's shareholders.
Given this IS the case, the reverse is also true.
I don't know how you can even dispute this Mathers. I'm here for genuine discussion, not for cloak and daggers and tit-for-tat.
If you really believe I'm wrong on this then there's nothing more I can say but bid you good day.
Novicehunter,
Good advice . I still need that pint though!
ATB
Bozi,
But it is not as simple as that is it, if the sp is at 38p then all your concerns on what is happening, what they are doing, where are their funds coming from are gone?
Not as simple as that is it, that does not make sense, we all would like the sp much higher but the are many factors happening in the world and markets which are not in Solgolds hands
I shall await your reply, maybe you’ll invoke mystic Meg to help you with your answers again, atb
Just roll with it Josepi, it will all work itself out in the end. Value will out eventually. this is the period when you should sit on your hands and ignore, we are in strange times...
Lunchmoney,
There was a time when SOLG's share price used to jump on great exploration drill news. Porvenir hole 1 stills commands the largest rise to date (got up to 43.5p level). But as with all news events... over time they deflate. Get forgotten about. Become a thing of the past. There was a time when an AIM listed stock would be drilling a wildcat and almost 50% of success was priced in before the TD lol! Remember those days? I don't there's much SOLG can RNS that will maintain a solid floor under the sp in these markets. Many (moi included) thought the PFS would put a floor under the 30p level.
The market of the old days would have had POG priced at $6000oz during covid woes. But the Fed Reserve have a mission to support the US dollar by whatever means necessary. And that meant fiddling the Gold market... pushing ii's into crypto's for some fun.
We have a world that knows it needs copper but for some reason doesn't seem bothered that there is a shortage looming? That's a puzzle isn't it? You could say the same about energy crisis. The Fed knew there would be an energy crisis without Putin's issues thrown in. Why? Because Shale production stopped and development stopped when PoO dropped to $10pb. Investment stopped. Getting back to full production takes time and money. No wonder oil and gas prices are high. Throw in Putin's crazy war and you have major energy crisis. He knew what he was doing and he knew the time was right.
I guess in summary... we all know what's logically but the world and politics doesn't follow the same logic... it lags behind and then 'reacts'. There is no proactive activity anymore. No forward thinking. Just good old ambulance style chasing and it gets dealt with in a way that lines certain peoples pockets. A crisis is an opportunity to make money for some and make many others poor. It's pointless trying to make sense of it. You never will.
Through all the last few years of crisis events, the US dollar always seems to stay firm. Amazing that! That costs a lot of money to sustain and the chickens will be coming home to roost for Biden and the fed. You can't print trillions of confetti dollars and expect the world to price them the same.
This painful ! I need a pint .
Dave the horse - you sold out last week did you not?
So you and people like you are the ones contribution to the lack of positive action.
Just thought it worth pointing out
Same old on here, loads of talk, no SP action, not the right way anyway, heading for 15p imo..
Fair enough Jezzoo, then we wait and see what transpires.
Add - agree.
To be honest the stamp duty threshold uplifts is something that could play into my hands personally but the first thing I said to a work colleague was what are they doing on the other side of the equation.
You simply have to tackle both sides or none at all.
Fair enough LunchMoney, but you have that.
Solgold have said that most exploration is on hold while we get to PFS/DFS for Alpala.
I dare say we will restart in the near future.
Who knows maybe after the funding is arranged for DFS or further on down the line when we have a CFP for Alpala.
Quady, Everything you use as "sense" isn't relevant in the next few months, being proactive doesn't mean "planning to", "looking at".
No drilling, no funds raised, no plan going forward based on the company's current situation. Only old news that at present levels of funding aren't possible.
Wishing it was so won't make it happen.
As Bubble2021 said "Although you are going to see some news soon imho"
We need some news based on the current situation.
Mathers - if the SP was at 38p now the company would be doing its job far far better and there would therefore be much more goodwill from investors.
It really is as simple as that.
I've got to wonder what it will take for you and Quady to actually realise something isn't right here. A PFS addendum slippage maybe or a SP sub 12p? You tell me.
Addicknt,
Why? Would all the previous moans about the B.O.D be gone, their lack of communication not be a worry anymore? All the other concerns you like to go on about have suddenly disappeared?
I could go on, but you have told me all I need to know from you, as a so called ex businessman you should know you cannot please everyone, especially a moaning whinging person whom has no understanding of things the BOD’s can say and some things they cannot say.
Well that amuses me, your answer was what I really expected, atb
Do you honestly think if we had someone else in charge the share price would have stayed around high 30's after the PFS?
It seems like whoever is in charge are going to having problems dealing with the 2 big shareholders. who's to say they wouldn't have tried the same fund raising option as DC, maybe that was best for the PI's but the big 2 didn't like it.
For me whoever took this job last year are on a lose lose especially with people on this message board.
I'm in total agreement with Mather and Quady, I'm well down on my investment with an average price of about 23p but no point moaning constantly about it and inventing stories day after day, we know news is coming very soon at that, so lets just wait and see what they have to say :)
Have a nice weekend all :)
Although you are going to see some news soon imho
Jezzo agree re management
MF, to answer your question; no I wouldn't be complaining if the sp was 38p, but it isn't, is it?
Let me ask you, if the sp was at 38p now, would you be complaining about the company?
Would you be demanding to know what is going on?
Well I will repost my earlier post, it’s there if you wish read it, all things take time especially in very difficult terrains
28 July 2022
SolGold plc
("SolGold" or the "Company")
Business Activity Update
The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to provide an update on the progress of activities within its exploration portfolio and the Cascabel project.
SolGold's regional exploration programme is focused on a number of highly prospective projects where extensive and systematic geological and geochemical field programmes are underway to rank the priority drill targets, notably at the Company's Porvenir and Helipuerto projects located in southern Ecuador.
Porvenir is the Company's second priority after Cascabel and SolGold has engaged M3 to progress the Porvenir project Pre-Economic Assessment ("PEA") that is on track for completion by year-end. Additionally, field programmes are continuing at numerous satellite targets to the Cacharposa deposit that comprises a Mineral Resource of 397Mt at 0.44% CuEq in the Indicated category and contained metal content of 1.40Mt Cu and 1.80Moz Au (1.75Mt CuEq). Cacharposa is the second Resource to be defined by SolGold as part of its strategy to define a multi project portfolio over the length of Ecuador.
Regional exploration activity has identified the Helipuerto project as the next most important target for the Company. The Helipuerto concessions lie on the southern margin of the Solaris Resources discovery at Warintza where Solaris has published an in-pit Mineral Resource of 579Mt at 0.59% CuEq in the Indicated category. Geophysical, geochemical and geological analysis indicates extension of the Warintza system into SolGold ground and SolGold is expediting the delivery of drilling and environmental permits to drill test extensions to the mineralised system. An initial focus at Helipuerto is on the delineation of the size and tenor of the Tinkimints copper prospect including mapping and sampling of the area directly south of Solaris's Warintza copper-gold porphyry deposit.
They are busy, atb
Bozi, agreed. That budget was meant to be totally revolutionary and pave the way to the sunlit uplands of a vibrant, free market economy. It did no such thing and merely tinkered around the edges...just like most budgets. And as for reducing stamp duty...We have a disastrous situation whereby millions of youngsters can only but dream of owning a home, so what do you? You pour petrol on the flames. Unless they government actually bites the bullet and removes the archaic planning laws, particularly in supposed Green Belt areas, such as the one which encompasses Leeds, supply will never meet demand. So how does this government address the issue? It decides to increase demand. Genius!
So Jezzoo the management are preparing the PEA for Porvenir, They are updating the PEA for Alpala, they are planning a cash raise to get Alpala to DFS.
They are looking at funding options to get us to production after DFS. (BFS maybe required)
They are looking at the engineering resources we are going to bring on board.
They have communicated everything when required.
Why are the management lazy and non proactive.
That statement makes no sense.