Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Morning solgers ONWARDS AND UPWARDS we hope !!
in the grand scheme of things, this drop isnt just solg. my watchlist is looking like a bloodbath.
What's that coming over the hill ?
Is it a monster ?
below 20p.
posted last Thu
did we forget 20p?Thu 14:59
Fruitbat............
Looks like circa 20p support to me.................
Evidence.................
https://www.screencast.com/users/BN.c/folders/Shares%20SOLG/media/15495170-f5e8-4d04-a9a7-89920d3a7015
r's
bn.c
Sean H,
Looks like a reasonable level to me...............
Rest of meerkats under a little pressure as well............
BN.c
I think we have been punished enough now by the markets for the dreadful performance of the BoD since the PFS. Maybe its time to remember that the PFS was actually very good.
It's time this great resource was taken out of our hands by someone sho knows what should be done with it. And to that potential buyer we must be looking very cheap indeed this morning.
Huge upside from here for anyone brave enough to bet against the current BoD ruining things any further.
Your last paragraph is exactly what I'm thinking SharketMare.
Jezzoo, I wouldn't go as far to say Darryl is engineering a lowball takeover, but that is where I think we are headed unless Nick can pull something out of his hat.
If the SP falls back to 15p a takeover at a 300% premium (Noront's was 358%) is 45p. If we can achieve 60p-80p here I think we will have don extremely well.
It feels like it's almost written that BHP will somehow get the whole lot for the same price they paid all those years ago (45p).
Cannot confidently buy at this level unfortunately, the share price seems to be unsupported at present. Should it reach the painful 10p again I would probably buy another motherlode but until then I don't have the confidence.
The potential is obviously still all there, but we seem to have been outmaneuvered by the big guys at this stage and the final outcome is still very much unknown, irrespective of any company's statements.
lostagain, I think Irwins silence combined with that of CGP, is very good news. If either party were feeling aggrieved I'm pretty sure we'd know about it.
If Darryl Cuzzubbo hand his notice in we would be back two years ago lets just hope someone out there wants this Otherwise it will be back to Nick Mather playing for time again What worries me most is Warren Irwin being silent things must be bad
Support needs news suggesting how the company is going to move forward.
It's in limbo ATM and as such the the SP will drift down based on the last pieces of information being negative.
The lower it goes, the easier it will be for BHP to buy this sloth out.
It's almost feels like somebody or a group of somebodies are engineering a give away.
No support, any buying immediately met with selling
Yes SH, have been doing so in chunks as and when able, got to be worth 100% upside minimum from here over the next couple of years. Too much nonsense posted here over the last 4 weeks with too many people talking themselves into selling out cheaply it would appear!!!
Have a great week all
Anyone tempted to buy at this level?
Perhaps we could put this issue of public information relating to a fund raise to bed.
As far as I can see, since June 2016 there have been nine separate fund raising exercises; two involved the offer of shares to all share holders, and it goes without saying full details were revealed beforehand. Seven were private placings or other forms of financing and no details were announced in advance. Obviously, no details of failed attempts have ever been released, although it's my view that until two /three weeks ago there have been no such failures.
So, there you have it; if a fund raise involves the public i.e an open offer or rights issue, details are announced (but we all knew that anyway), if it's a private deal no details are announced - the clue is in the word "private". This is true for every company I've ever come across and the process is dictated by Stock Exchange rules.
The whole world knows we attempted to raise money and failed - what should concern us is the reason why it failed, and it's my belief that DC has provided the reason. The resignations provide further uncertainty.
Anyway, what's important now is that the company deals with the cash issue asap. It's all very well saying we've got enough cash until the end of the year, but time passes incredibly quickly and we cannot afford to wait until November or December, particularly as capital markets are getting much, much tighter at the moment.
Not nice being ganged up on is it Quasi ?
I think mild dyslexia is the least of your problems
Good grief !
Agreed SH - communication from the board sucks - one day maybe the Directors will take questions at the AGM rather that cut off the meeting immediately and hide or at a special web meeting for shareholders to question them
Quady, the more you write, the more ridiculous you come across. If you want to improve your credibility, which at the moment is zero, I would stop posting.
Q, total nonsense, I'm afraid.
Apologies for the terrible typing I'm on a very bumpy train journey.
NoQuady, when we've had chappy fundraises at wellbelow the current SP, which is what this one was no doubt going to be at (my bet is 20p when the sp was 25p) we, the poor bloody infantry don't get told a thing until its over. This was a dismal, dirty fundraise which have undercut us local holders. And it still failed.
In saying that even the BHP raise at 45p came as a total shock at the time.
We are the last to know anything.
Addicknt I sometimes doubt who you are, when we have had fund raising in the past we have had announcements of the fund raise and it's terms. This is even before it took place. So yes a proposed fund raise we would have the details. The reason we don't have the details is because no fund raise was announced. As an ex CEO you should at least know that much.
The idea that the company would release details of a failed fund raise is simply ridiculous.