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Simply a delayed print
Wow, which platform is providing a quote at 8.89, I'm seeing an ask of 8.16 for SOLG on Charles Stanley.
Not quite today, hoever we tickled the bools of 9p and volume was huge for us, another RNS and another day tomorrow.
ONWARDS & UPWARDS!!!
A sad indictment of where we currently are
Hefty UT
Of course, what a dozy b-stard I am.....been out for a run, head emptied of oxygen
apologies
Another big day coming tomorrow
I think that is just a snapshot of the solgold biz. Scott is the interim CEO.
There have been some chunky buys last few days.
BBG
On DGR Global website
Current ownership: 6.8% Direct Investment
LSE Code: SOLG
Stage:: Exploration and production
Location: Ecuador, Australia, Solomon Islands
Commodity: Copper, Gold
Interim CEO: Scott Caldwell
https://www.dgrglobal.com.au/solgold
Where do you read that schlem?
Price should close above 8.09 on the daily to stay above the 100MA and break free of its influence.
I didn't realise Caldwell was interim CEO of DGR Global
Gas is dirt cheap and so are gas boilers
You can try and “mandate” what you want, when the people say no as the EU are now finding out over the absurd EV movement, then it really doesn’t matter what you mandate
We will see all this bs kicked into the long grass, mark my words. It is nothing approaching feasible currently.
Rcgl, do you agree that the risk has been substantially mitigated over the past few weeks?
Wise words, rcgl2, wise words.
Bit choppy today due to good recent run up but also hot CPI number hit risk on assets as dollar rebounded.
But the important thing to take from today is 'volume' still up and strong. Close to 16.5m traded with 20 mins left. Could be a 20m volume day today.
Technical report was good read.
Apart from the Ecuador signing ceremony... I think that's the newsflow that was required before they can release the all important .... funding or SR outcome or bit of both... the decks are clear now.
With Mr Liu on board, I'm guessing the chinese are handcuffed on future open market trades.
Which suggests the decent volume is down to some other entity out there.
Still no TR1's despite the whopping 400m shares traded over the last 2 to 3 weeks.
21 million people aren’t going to change their gas boilers even if they could afford to.
Many years ago houses used coal to generate hot water and heating.
Millions of homes used coal and oil. Gas from the North Sea changed this. As mains gas pipes got installed and supplies piped into housing schemes people changed over to gas for hot water and heating at great cost to the homeowner.
The same will happen to gas when gas boilers become unrepairable or past their last permitted installation date.
"And my foundation for such thinking is proven by the last placing which saw Maxit and a few others help themsselves to the cheapest placing in SOLG shares for yonks."
An alternative view would be that Maxit and chums were willing to invest millions of dollars into a company that had already raised many millions from other investors who are now sitting on large losses as a result and were probably unwilling to throw yet more money at this. If management had been able to raise $20m at 25p a share then I'm sure they would have leapt at the chance but I expect a lot of investors didn't want to touch this with a bargepole. When your company is looking like a falling knife and you need investors to catch it, you are going to have to take their investment at a price they dictate.
For all the grumbling on here, which of us has several million dollars we'd be willing to invest to keep the Solg show on the road? I could throw another 2 or 3 times my investment at this today at these bargain bucket prices, but I choose not to because that original investment is now about 70% underwater. If this goes belly up the Sangha will have lots many many times more money than I have.
And it could go belly up. The reason we will get paid on this is for taking on the risk. If there are multi-bag returns on offer at this price, that's because the risk is equally very high.
You only have to do the basic maths to realise it’s totally impossible
We need gas to power the grid for all the new EVs too!!
21 million people aren’t going to change their gas boilers even if they could afford to. We just need the bullocks to last long enough to sell cascabel!
1) A workable PFS has been delivered after years of failed attempts to do so. (I realise some people will argue that we already had one, but the proof of the pudding was the fact we needed to do another one)
2) Full governmental support and priority granted.
3) Funding available if needed for both the short and long term.
4) A CEO on the ground who has clearly developed a good working relationship with the people who matter.
This looks like a totally different picture to me and many of the uncertainties have been removed.
Cheers Add,
I wrote to Bob when the SP hit the all time 52 weeks low. I am reassured by his response and I know that he is aligned with us and that I just need to be patient going forward.
1984, you really give me a good laugh these days reading your posts. I like your humour 😀
And the fact that you don't hesitate to call a spade a spade...nothing racial by the term spade here to folks who might take offence.
The government talk of gas to generate electricity does confirm what you have been posting about net zero for sure 👍
Fort, like you, I'd be bloody furious, as will our main shareholders, which is why I don't think it's likely. The board needs their support.
Eloro, as it happens I didn't have you in mind, although now you mention it...
I have noted your softening stance recently but didn't know it was based upon a conversation with Sangha, which sounds as if it was interesting.
The fact is we all want the same thing and we want it asap. This has been a very long journey and has perhaps taught a few us many lessons about investing in a junior explorer operating in a politically sensitive area.
If you cant understand momentum then you’ll never attribute blame or praise where it ought to lie.
When a government changes party, people who don’t understand momentum instantly blame the next one for borrowing etc
The same with a company on a downward trend. The new CEO doesn’t get the keys to the company and it lurches straight back upwards.
Fixing the problems left by cuzzubo’s ruinous stint is a lengthy process and we may finally be turning a corner from the path he left us on (oblivion)
Fort, I know that Add has me in mind re Scott's failure as a ceo. Like you, when I see the SP back in the 20s, I will change my views. I cannot, will not heap praise on the man who twiddled while the SP plunged. His only focus was The Rocks, while ignoring the decimation of shareholders value.
I will say though, the longer they take to confirm funding, the more I am convinced that something is going on in the background. I want to be put out of my misery here. So I am hoping that Bob has things under control. Bob did reply to an email which I sent to him after the recent SP plunge, and I was encouraged by his response. No, I won't publish his response because I haven't cleared it with him. I can say though, that his response is why I have been less vocal these days. I am now in the wait and see mode.