Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Alternatively, if an offer arrives and you don't accept it, you don't have an auction and you don't force others to act.
I disagree
A deflated share price allows the company to better manage the expectations of us plebs.
An offer of say $1B looks far more attractive to shareholders when the share price is sub 15p than it would if our market cap was $1B.
We would attract more bids at a cheaper market cap and the board wouldn't have any problems accepting the bid.
If our ambition is to force an auction, we must accept the first bid (which subject to receiving any superior proposals within a 30 days) as that forces others others to act within a timed process and gives confidence to a counterparty knowing what they have to do to acquire us.
It also sparks FOMO
Add the book is definitely being manipulated but no idea who’s doing it. The bid and ask were stacked with identical sized trades . Yesterday they were at 21,258 & 3088.
Looks like they buy and sell their own stock to walk it down. Whether this is in an attempt to buy at a lower level or for another reason I have no idea.
Next time it’s happening ask 1984 to stick a screenshot up.
In the meantime I don’t think it’ll have any effect on the eventual outcome and continued positive news flow could see us back in the teens or 20’s fairly quickly.
BBG, the very last thing a company wants prior to any form of corporate activity is a depressed share price.
It's been going on for far too long for that to be the reason.
What if it was our side that has been wanting/managing a deflated share price pre funding news to avoid a spike in value that may or would undermine a deal or spook a counterparty.
At todays SP we are very attractive and the company can offer much upside
I've never bought into stories of manipulation, but the pattern of trading over many months has made me question the situation.
We know Caldwell and Sangha have raised eyebrows at what's been going on, but I wonder if our broker has ever approached the Exchange requesting an investigation? Normally if a company does this it warrants an RNS, but there are also plenty of occasions when unofficial investigations take place. In fact, the process is part of daily life for what used to be known as the LSE Monitoring Unit (I'm sure it's called something else these days)
If SC hasn't requested such an investigation, surely it would be worth it? I can't think of any other share I'm invested in which has anything like the daily pattern of trading we experience and it feels very far from being routine.
I posted earlier that it wouldn't surprise me if there was competition for Cascabel.
My understanding of the situation is that following the signing of the agreement in Toronto, Cascabel is now FRONT OF MIND for some serious big hitters. I emphasise the word some!
Let the games begin.
Indeed, '84.
It takes a thief to catch a thief.
The catalysts are being dropped one by one now, it’s clear there’s an agreement on either cascabel or solgold.
The first US rate drop is imminent which will spark business confidence and increase the price of gold too
After a long and dismal run, I believe a rerate will be swift
On the plus side it would indicate something big building up.
Let's hope so
Interesting stuff.
Thanks for sharing.
No idea, but it was happening for the last 4/5 weeks before the IPA was announced too
And it wasn’t happening prior to that in any of the 10 years or so I’ve watched solgold on L2
Thanks
Any ideas who's behind it?
Yes the pattern that drew us down to 6p re-emerged
21k bids and asks all the same random share value all the same time stamp
Kat had a good theory about how this is used to walk down/up by buying and selling their own shares and swallowing the small margin losses
They weren’t around after the IPA announcement but reappeared later today
We need another RNS tomorrow to keep the sods at bay
1984 explained it to me earlier
Was anyone following the action on L2?
What happened late on,the SP was about 7% up going in to close. Any black arts at play?
It is relevant. If people are buying this on the hope of a green revolution increasing copper demand then it’s important that they know that climate alarmism is a busted flush
It’s no less dangerous than investing in Bitcoin
There are no shorters with a significant position. There may be a few small punters like the bloke crowing on here the other day - that went well for him, didn't it?- but the only short of declarable size, closed a few weeks ago.
So we ended up back where we started, the bulls and bears forced the draw today.
The chartists can see what an important resistance 8p is, so no surprises there.
The bears are trying very hard to negate the trend change from Tuesday's announcement. today's candle is a neutral 'spinning top'. The bulls are trying to make the most of the important announcement. I favour the bulls.
But the mask has come off. This is not about Quady vs '84, NAL vs me, War in Ukraine, climate change, EVs etc. Put these childish quibbles aside, because there are bigger matters afoot. $2,300,000,000 is a shockingly big number to announce, so
there's suddenly a lot more sense behind the knocking, deramping and arrival of the randoms who have come to ' save us from our foolishness ' during the last six months. Wow, it's been a long time, when you think about it.
It's rotten, it's corrupt, it reeks of manipulation and insider trading, but at last it makes sense. $2,300,000,000 is a lot of cash to wave around.
I like what is happening and will continue to take advantage.
Still a mountain to climb back into double digit territory. , though happy to be back in profit ATM ,
are the shorter,s slowly departing, they have had a great run last few months
I've got no axe to grind either way but personally I've filtered both 1984 and Quady. I'm quite happy to leave them to their heat pumps and climate discussions with just a green box to show for it. Why the hell they're intent on disrupting the board with discussions NOBODY else is interested in is beyond me. Its a SOLG discussion board. Why do people find that so hard to understand???
And the best bit is that's just ENSA. The rest of folio and Porvenir is worth bucket loads. There could be a handful of Alpala style discoveries in that folio with better grades or easier to mine eg shallow / open pit vs block cave.
I don't mind if ENSA goes for £2bln... sobeit. But I'd like to see what the rest of the folio has as reckon Rio and others might be a continuation of Alpala and may even be the sweet spot. I'd rather not see that lot go for free.
Takeover - The usual valuation of Mining assets NPV is 2-3% which is 2-3 Billion
SOLG is currently valued at $280 Million, just 0.2% of NAV.
This is 10 - 20 Times current fair value.
IMHO - The re-rate has started.
RNS Will drop very soon.
GL ALL
They dumped a few off in the low 7's today just like they dumped a few off in the low 6's (like wildtiger).
It's their job to make it tough for traders but dropping it to 5.6p just before a big news release and the mysterious 75m share block sold or moved to different hands at 6p all spanks of someone knowing this is going much much higher.
It's been a while but there's bees buzzing around the honey pot again and that bodes well.