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There's your possible problem... the last 10 or so words
"Darryl Cuzzubbo is the CEO and Managing Director of SolGold plc. He has extensive executive leadership experience in the global resources sector. He was most recently Chief Manufacturing and Supply Officer and prior to that Group Executive and President Auspac Asia at explosives maker Orica where he moved from BHP in 2015 after a 24-year career at BHP.
Monte, because that type of approach rarely achieves the best price. Ideally you always want an interested party to make the first offer.
Maybe a different style of name would work better, just saying
A new member? You've regenerated more times than Dr Who.
Don't take the bait porky, just ignore it. You are doing just fine.
Call me old fashioned, but whats to stop solg contacting BHP and naming their price. Take it or leave it
Oh Christ another poster with one post to his name popping up to tell us we're doomed.
Any guesses who this one used to be?
Thanks for that brilliant post novice..
Tick from me.
Onwards & Upwards!!! I'm not certain that one person being down on the stock will really move this up or down... the people that move this stock up or down don't post on boards like this...
Someone on this BB has clearly sold and now de-ramping the stock to pick up further shares on the cheap.
Ignore the white noise Solgers. The futures bright in '22.....................
Blimey...one green stripe in 33 posts...
Yes but it didn't go down...
Trust me the problem is a lack of liquidity plus a lack of news...
Its not TPC...
The point is that there is clearly institutional demand out there, enhanced by the roadshows which started tw weeks ago.
One aim is for IIs to buy shares, including new investors.
The trouble is that if nobody is selling their shares because they are holding on for the takeover bid, MMs can't put parcels together to see the demand.
Now you might reasonably say why not push prices up...simple supply and demand, but IMO that would;d make people even less likely to buy, while stimulating further buying interest from PIs...
I've had to manage exactly this problem as an AIM GFD and at the end of the day one way to break the deadlock is to issue new shares.
Of course most of those may go into long term holders, but there is always a proportion that gets washed through into the market even if it is just from the underwriters...
So problem solved and as I said to the Colonel...when we did an issue last April, the SP went up more than 20% in the following month...
Hope this helps
Lunch - "It's almost as if a process is about to kick off"
Todays volume 600k but...
I am firmly bid for 220k...
Just about sums it up...
There's no liquidity so we need a cash raise, otherwise the SP will remain constrained...
Lunch ….. indeed …… very unIrwinlike
I wish they would show us an aisc for the gold, using the copper as a by-product. I mean why not? They're close enough to 50/50 during the early years. Frame it as just about the world's cheapest gold producer, maybe attract a higher multiple.
The gold does that certainly, but the silver is small fry.
SOLG better get their act together quick (or better still Barrick or BHP...)
Here's a couple of articles from the economists I respect most...
https://www.theguardian.com/business/2022/apr/25/world-stagflation-covid-ukraine-inflation-growth
https://www.project-syndicate.org/commentary/imf-world-outlook-revision-growth-models-failing-by-mohamed-a-el-erian-2022-04
As I understand it from the PFS, the sales of gold and silver lead to a negative AISC for the copper production...
I wouldn't mind if they sold all the silver in a streaming arrangement. It's such a small part of the whole story, but there are certainly companies that would want it. (It would have to 2ndry to the existing Franco arrangement.) A good example of this is a mob called genm.v , who flogged their gold and half their platinum to Wheaton, keeping their main course of Pd & Cu. They got a couple hundred million for construction, effectively cutting their capex by a third and thereby seriously lifting their NPV &IRR. Now our silver can't do that for us, and maybe we're looking for keep the lights on funding, rather than capex funding...but if it meant here's (pick a number) millions, let's go put 30 drills on the regionals....well I would welcome the chance to monetise our exploration portfolio before someone nabs the whole lot.
Colonel...even with after hours of 3 million shares, thats still p**s poor volumes, viz only 547,000 shares traded in 5.1/2 hours today...
Nobody's selling....poor liquidity so hard for Its to buy...an equity raise would alleviate that and allow the SP to power forward...
The last one was at 25.5p...the price held at around 28p and progressed to 36p over the following month...
We need to put a floor under this Share Price...the PFS has done that to a certain extent...getting the fund raise out of the way can only be good.
And to restate, I think a Boliden/Franco type deal would not be good news for a number of reasons.
Apart from which it would strongly signal "come and get us" which defeats the object of the PFS and all the roadshows...it would be like throwing the towel in...
Hi Lunch
Sound as usual...
The other problem I have with a streaming deal is that it puts a notional value on Alpala and that may not be helpful...
No for me it has to be an equity raise...
"FOMO"
Totally disagree!
I guess part of my low expectations, besides their track record, was the very disappointing, minimal reference to any financing progress accompanying the PFS.
I agree with the PFS out the way the market is expecting a raise, it’s a predictable as night following day.. I sold 25% of my holding on the day it was released, as it came without any indication of financing progress, a fall was almost inevitable.
I hold out hope, that one day soon Mather sells his holding to third party before he is out the Door