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You've only got to look back at this weeks posts on here to see how clueless 95% of the posters are on here. That's not a criticism that is an emotionless fact. So many posters really genuinely believe they know what they are talking about...but it remains guesswork at best.
Because we (the posters@Solg) have immersed ourselves in this stock for years, we "think" we know it all. We dissect each 'event' forensically: AGM, term sheets, bids, new CEO, other tenements......and so it goes on. For months and months Solg published the square root of NIL and still posters thought something was brewing in the background.
I include myself in the above.
What we are seeing here, is the market looking at yet another publication by yet another junior explorer (solg is not and never will be a miner) and seeing the following:
Remember this: Solg is professing to go this alone (bar the shouting):
An IRR of <20%. Now if you don't understand this - go do some googling.
Solg has to find $2.5bn for phase 1, let alone the rest.
Nothing is going to happen on the ground for atleast 4 years, possibly longer.
Open pit early cash generators are solely dependent on Ecuador agreeing Solg's ESIA proposals. Ecuador is not yet a user friendly mining domain - Lasso will be gone by beginning of 2025.
This is what the market is reading into what we all think is a good PFS. It might be good..........to us....... but we are extremely biased, are we not?
Yes the mine is long term viable.
Yes the stock is heavily discounted.
Yes the resources are huge.
Yes, yes, yes.
But not now.
In 4 years time, after debt funding, with the approval of the then government.
Then she will fly.....
I think it has been posted recently.....the SP will now flop **** between a mediocre range until a Major decides enough is enough...and swoops.
It is a double edged sword for Solg:
If it openly advertises itself for sale, the bidders will know it can't manage this project on its own and so the bids will be ruthlessly low.
If Solg continues to brag it is going solo - the majors will watch it bleed to death.
That is why we need an experienced CEO to navigate this tortuous route.
Good luck to us all. We are going to need it.
Z
Stackhigh 38% contained metal from Alpala, but not the full Cascabel resource - but agreed is the tastiest slice.
I did warn you! Only joking!!
In two months time you'll be lucky to sell at 10p. I'm guessing it'll be about 8p in the next few months.
Well said damers...
Oh and shippy...just being transparent...averaging down now the uncertainty is out of the way...
If the price returns to 40p I'll be up over £20,000 on this week alone...
And I can wait.
21% of the mineral deposit, closer to 40% of the value.
A really disappointing day - in fact throw away logic if you want to invest and make money as that's how the market seems to work
It appears a good PFS is a waste of time for the market
Assay results do not positively impact the share price as we've seen
All I can think is production could help but that's years away -funding needed to be sorted out 1st but even then everyone will say production is years away and plenty of other expenses on other regional areas in the meantime
Or a bid or some other major taking a reasonable stake
Or news of funding but production is years away so why would the share price react positively to that
Can only conclude M&A activity is what the market wants to see
Any thoughts?
If we're lucky tomorrow we hopefully won't drop below 26p at this rate....
Damers…. Yep
Definitely feeling the pain here folks. I was hoping / expecting the SP would hover around 35p until further news lands.
To remember………
• Only 21% of the M&I resource measured in the PFS and most agree still pretty damn good. The majors will fully understand and will be taking this point into account.
• PFS addendum will only help and agreed that may entice an early bid.
• Now the PFS has been issued, the door is now officially open to offers.
• We could literally have an offer land for all or Cascabel in the next few weeks.
• Rio – too quiet for too long. This is SOLG’s rabbit in the hat and will be pulled out when needed.
Fcuk the SP - nothing less than £1 for me............
Trouble is after 5 years of holding I wouldn't dare sell my holding except for a few every so often as knowing my luck the following day we'll receive a knockout bid lolzzz.
Holding strong but my patience is being sorely tested at the moment!!!
I said I was drinking heavily not selling my shares.
How's your tranche at 34 doing
Newdealz....THIS IS NOT AN AIM SHARE,!!
Newdealz I wouldn' mind but this is not on AIM!!!! for the hundredth time
Oh dear...capitulation...
I wonder how many people threw the towel in today...so sad...
We now have the certainty of the PFS without any enhancements fro the Addendum or the spot price, the annual EBITDA will be $1.2BILLION...
That's a prospective P/E ratio of 0.75 at current MCap...
Yes 0.75!!!
Why on earth would anyone throw the towel in...?
Being a contrarian I bought 114071 at 30.2 at the death...
16.15 64692 at 30.2032
16.23 49379 at 30.2159
Good luck all...
Today's shihshow will have an annoying knock on. Volumes may not have been massive, but it will serve to once again reinforce the idea that one should sell Solgold at prices over early-30s. So whatever future news drip-feeds, this becomes a psychological resistance for the SP. Optimists on here believe the mar
Pure witchcraft going on here. Got to say the last 3 days are the most disappointing I have experienced since buying in purely for a moons aligned perspective. Well at least we didn't drop below 30p !! RNS tomorrow morning for 30p fundraise anyone ?
Strange
TSX had its drop yesterday less than 2% down there today ( so far ) smacks of a placing
Not really..2 years of delays for what amounts to spin and fluff. Again a massive let down, only lightly news on horizon are more share dilutions. Still hoping for an offer but seems unlikely...
And if the day wasn't bad enough, the plants I bought thinking they were purple sprouting brocolli turned out to be ******* cabbages!!!
I am now going to start drinking heavily so, if I am back later shouting at pigeons and kicking dustbins, please ignore me.
@NoviceHunter, AIM shares can teach painful lessons, ive learnt them lol Your best bet is use fibonnacii TA this will give you an idea of where its heading, cut out the noise of BB's the charts dont lie, wait for the bounce ;-)
Doesn't the market usually temporarily suspend a share for an unexplained drop like this?
Clearly HH I won't be doing that again anytime soon lolzzz while poly goes from strength to strength
I did top up a@37p....'.cause I thought I wouldn't get cheaper......but here we have it........ so got more today @ 30.7p inclusive of charges and stamp.....just need it to turn around....which it will do....at some point!
GLA
I have just added at 30 but it looks like this support may not hold. The next support, IMHO, is a very solid trend line at around 28-28.5. It should bounce strongly from there