Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Thanks David...
The investments mentioned were all after the PFS...because I believe it derisked Alpala...
Still not seeing institutional buying...can't be long if they were chasing it up to 35p and beyond...
KEY POINT...no major holders selling...
Cheers buddy, unfortunately my views were put down by the 'experts' yet here we are..
GLA
David7015, if not done already, would encourage you to see the funding deal that was done with Franco for £100m via. Steaming deal. This effectively was done at a value many multiples of share price at the time, although deal done on perpetual income royalty rather than shares.
Similarly, Whilst there is this still a big disconnect on company asset value vs share price I don’t see the majority of any funding deal being done via additional share placing for funding of mine development.
It seems the likes of Bolliden recent site visit, and no doubt others are likely to be keen to be part of supporting funding requirements for the main mine development.
Whilst this share price disconnect is still at play, a 10p share price movement isn’t going to materially make a difference to funding c$2.8bn, I feel other funding routes outside of share placings would occur - this may prove to force bhp / Newcrest to bid as to try and avoid any further perpetual income giveaway to third parties as we saw with Franco.
Notwithstanding the above, I do appreciate the share price may have an impact to more short term funding of keeping the solg management lights on, although as others elude to a potential placing for this may be the reason for the SP drop. Chicken vs egg. Time will tell…
Bubble: I have been invested here since 2011. It is all very well saying “Safehaven asset here DYOR”. Tell that to investors like Redknight who invested a large sum of money just before the PFS was released. 40p to 28p in a week. I don’t suppose he will be viewing his investment in the same way as you do right now.
I am sure that at some indeterminable future date, we will be put out of our misery and a bid will be tabled for SOLG. i just think it will retake much longer to achieve the buy out
Safehaven asset here DYOR
So glad I sold before the pfs was released I'll be back after placing...
Disappointing to see the share price continuing its downward trend after the PFS. This makes it more challenging for SOLG to raise the capital they need to go it alone. It also enables BHP and any other prospective bidder to sit it out and watch without any pressure to bid.
If the directors are so confident in the PFS, why are they not buying more shares in the company. Why would they expect BHP to make an offer when they can’t put their money where their mouth is - unless they have already determined the price of the capital raise.
I backed up everyvone of my buys with specific time, size and price...
What do you do for a living...write for the Beano?
Class act, you've been hanging out with slug and squady to long rk.
It shouldn't matter if I have 2000 or 10,000,000 shares
Be respectful.
Enough time wasted filing up the bb and I will leave that to the true disruptors.
Oh and we wont be buying any today...or this week...
Why would you take it personally and attack me...read my comment below.
To be clear I want criticising you smickster, but Solgold for retweeting an article that was published last Wednesday and that we all read last week...
I want to see positive NEWS from the company and brokers reports to halt this insane slide...
To repeat, I think it was a terrible misjudgement to announce the PFS in what is ALWAYS a quiet week in London markets, as I know from 30 plus years of direct experience...and made doubly so as millions of people like me and their families made their first big escape post COVID...
There may have been 400 people like you and me online but the pictures from the conference showed only a handful of, I suspect, tame bankers and analysts
Now where are their bullish reports and upward price revisions or are we just waiting for "the Board of Solgold announces that it has received an approach that may lead to a bid..."?
What does your comment add?
Yawn...old news from last Wednesday...
You strike me as a pretty rude and ignorant person who feels they have some special right because they invested a lump without realising that plenty others have too.
"...Dont you think it encourages existing holders and prospective buyers when a poster on here commits another £140k while the share price is tanking...?"
Only if your wife buys too, RK.
You are so full of your own importance coming out with comments like this, it's as if you know what you're talking about. If you were younger, you'd be wearing a gold medallion and teeth!
Give us all a rest RK with your personal machinations.
Z
I backed up everyvone of my buys with specific time, size and price...
What do you do for a living...write for the Beano?
All references to the Mail On Sunday article are gone... was the entire thread deleted.
Anyway, I had hoped the SOLG mention would have given us a little bounce this morning.
I suppose the old dears reading it would need to phone up their broker and try to sell their Alliance & Leicester shares first.
I'm beginning to fear a deeply disrerspectful placing at 25p. If so, let's just rip that bandage off as quick as we can and get it out the way.
Transparent?
If i told you i bought 6 million would that be transparent enough...it would also make me one og the largest holders on here.
Dont you think it encourages existing holders and prospective buyers when a poster on here commits another £140k while the share price is tanking...?
What does your comment add?
Maybe you can tell us how many sharescyiu hold and how many you've sold this year...
At least I'm transparent rather than hitting out at one of the largest holders on here who was also one of the most positive and put a lot of money where his mouth is...
Now what about you?
Maybe you could tell us how many shares you and your wife are buying today.
Yawn...old news from last Wednesday...
Me, fret........hahahaha. May I suggest you look at your posting history and compare it to mine. Who's doing the fretting? Haha haha!
Tweeting
I do agree with your post, & remember the transition from a penny share & trading the share a few times when it took off. Whether either of the backers will offer a takeover this year ( I am doubtful) remains to be seen, so at the current valuation there is a high element of risk still, as other's have posted.
Good Luck for this week.
If memory serves me correctly, Nick Mather replaced Andrew Martin. Share price was in single digits. Today that's not the situation. I for one would cheer Nick Mather, as he put in place the ethos of the company and defended us from any form of cheap takeover.