Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Wow Adieuk, that certainly is a rampathon of a post... and I love it 😁
Time is running out, expecting a big increase today, back to 9-10p very soon.
IMHO a bid is coming, the IPA signing ceremony will take place in Ecuador, along with the T/O and the release of the Technical Report.
Exciting times here.
Gl all
ADDED, to the value of SOLG in the last few days, and some say there has been no Manipulation???
SOLG has been worked on these past few months,
Good news the ASSET looks even better now, the journey is coming to a conclusion!!!, imo
have a great weekend SOLGERS,
RK, for sure over-paying is a common mistake, but my point is simply that it's best to start from a strong position. If we were currently at 50p and Sangha did a good job, I'd be hopeful for a quid.
Let's hope we can have some more positive announcements which propel us towards a more sensible price. £250m for what we have?! It's a bloody joke!
Novice - agree
Addi - I will look him up. Sounds like a character
Question - could it be that Mr Liu is incentivised to define a deal with Jiangxi ie. he will be remunerated based on a % of the total amount of capital contributed by Jiangxi
That's a sound post add
But I read a report a few years ago citing successful bidders ending up paying more than their original 'limit'....
How many times have people gone to an auction with a fixed price they would not go beyond but ended up paying more because they got sucked into a competitive auction.
The report concluded that in the end, macho or rationalisation (I.e. manipulating the economic case) produced the end result.
Remember Wyloo embarked on their pursuit with a 23% stake at 17c and ended up paying 110c to trump BHPs final 78c bid...
I started out with nothing........and still have most of it left.
Noted DBW, would be great to close in the 9's then a couple of juicy RNS's next week to tickle the taste buds
“Come over to our telegram group, i will show you my tax return and account details.“
Genius levels of insanity!
I'd like to join in the d!ck waving. I'm a pensioner and didn't earn anything like 740k and got terribly excited when my state pension went up by 8%. I realise this makes me a lesser person, but I'll try my best to cope.
Nice start in auction
Lol……
Is that supposed to impress anyone 🤡
I doubt someone who owns £100k in shares ramps like you do………
Maybe if you had a decent holding in terms of value, but you sound very very underwater
BBG, good for you, what do you do for a living, if you don't mind my asking?
BBG why oh why do you stoop to such lowlifes levels, in fact if your position is as you say, the question should be why do you even bother entertaining the known cretins on here.
Enjoy what is around the corner buddy, it has been very convoluted but hey what's a couple of years between anonymous BB posters.
55p by some Friday soon
Have a great day all
BBG, I didn't say you did. I said 'for the sake of argument', in other words it was simply an example.
In 45 years of investing, participating and watching markets, I have only once seen an advisor who hardly worried about the starting point of a negotiation, and that was the legendary "Bid 'em up" Bruce Wasserstein. Admittedly, his tactics were sometimes somewhat dubious, but no one has come close to achieving what he did.
Tesla1 -
I'm 39, self-employed, have no debt, and I invoiced €740k last year.
I have 1,436,000 shares more than you, the average is below todays SP.
Come over to our telegram group, i will show you my tax return and account details.
Tesla. Your suggestion that the company is fairly valued at anything like today's price flies in the face of the stance taken by the management, eg Scott. If they have options vested at 17p, they would receive zero, zip and nada if they sold out at less than that, and I can't see them doing all this work for free!
Investors are weird ... some are happy to buy in at 12p rather than 7p. Simply because they like a momentum share.
The reality is... Alpala or SOLG are not going be sold or monetised at these low sp levels. Just not going to happen. So if an investor knows value is much higher... then does it matter whether you are buying at 6p or 7p or 8p? Yes and no. But we've seen before with SOLG that investors are 'slow' they often react slowly... like in Dec 23 when the sp was 7p and then in two days it was 11.7p. Moves at these low levels happen fast. But when you get into the 16's or 18's level or even 20's .... there's always going to be a thought in your head of where this was at 5.6p not long ago. This is the 'conditioning' of a phase like the one we are in or have been in for a while. So when a deal lands whether low ball or not... you're thinking... erm.. is tis it or if we say no are we going back to 5.6p? It's a long way down and many have vertigo when the sp is 30p and you've seen 5.6p just months before.
So there is a reason for it and it's to 'condition' investors minds before an offer lands. As simple as that. It's obvious that the sp right now has sweet FA to do with the asset value of Alpala.
We are close now and those that understand volume and markets know that the cat is firmly amongst the pigeons.
I didn't say first bid will be 100p
I said in order to achieve 100p, you need to accept a lower bid in order to start the auction process.
If we crawl back to 20-30p by default next few weeks, first bid will come in at 100% premium.
NO ONE IS VALUING OUR COMPANY BASED ON OUR MARKET CAP - THEY ARE VALUING US BASED ON OUR NPV.
This has been proven multiple times:
1. through previous nsr funding
2. capital commitment of 3,2b signed with ecaudor. 3,2b is the exact figure of our NPV in the current co presentation
Quady
The city is pretty corrupt and dodgy stuff happens on a daily basis.
Where money is concerned anything is possible.
However it’s mainly the failed rampers who continually harp on about manipulation because they are suffering large losses and trying to justify why the sp is so low.
The ridiculous valuations the rampers put out are based on a hostile bidding war and with solg’s diverse shareholder book is unlikely to happen.
Solg may it may not be worth more than today’s current valuation but when you’ve got the rampers with much higher averages than the current sp, then their agenda or vitriol to reasonable posters( holders or not )isn’t going to change.
The 3 stooges being the most exposed……
BBG, you ask 'what's weak about Solgold'? The obvious answer is, the market cap.
If SC/NM/Sangha held no shares I could understand your point, but they do and have significant investments at stake. It goes without saying they will want the highest price possible and the way to achieve that is to have a starting point for negotiation at a meaningful level which is nearer to our true value.
For the sake of argument; do you really believe someone would be willing to pay £1.00 if the prevailing sp was 8p?
Addi
I dont agree that we are "Trying to negotiate from a position of weakness"
What is weak about Solgold?
We control significant assets and have just coordinated a strategic review. We know what everyone is willing to potentially value us at, and who is interested.
This is about starting a process which you dictate.
By accepting the first bid which is subject to not receiving superior bids inside 30 days, Solgold would be highly confident that other bids will arrive.
If 40-60p arrives as first bid, I doubt many retail shareholders will be upset if we accept that bid.
this is how Scott manages our expectations (60p is great considering where we are, lets accept it) and then pushes any interested parties into an auction process. FOMO then kicks in
Unfortunately, layering and spoofing are rampant, as apparently are share washing ( what we are seeing here, and it is difficult to establish who owns the accounts which are being used ) and even many accusations of naked shorting in many markets. A sign of the times, and just another finger on the scale which the PI has to accept and cope with. it's not gonna change anytime soon.
But manipulators cannot change the direction of the market, only the amplitude of any move, so this stores up energy ( a bit like holding a beachball underwater ) which sooner or later gets released, leading to more volatile moves which eventually correct the manipulation.
Today's close price and volume will be very interesting to a lot of folks. GLA.
Q, the thing is SC and Sangha have both raised concerns. Have they asked the Exchange to have a look, or are they satisfied that no manipulation is taking place?
Also, how likely is it that investors would look at us for the type of action you describe?
An investment bank which is acting for a seller is motivated by a fee structure which is based upon a sliding scale. The higher the value, the greater the fee.
A buyer will look at a depressed valuation and will low-ball his offer. Provided he's disciplined, he'll have a fixed idea of how much of a premium he's willing to pay and this will be based upon him having to justify to his own shareholders the price he paid. No CEO likes being accused of over-paying, particularly in the mining sector where it happened to the enormous cost of shareholders and CEOs lost their jobs and reputations.
A good analogy is selling your own house. Unless you were a distressed seller, would you really market it at a huge discount to its true value in the vain hope that will deliver a better outcome? The trick is to manipulate buyers expectations and the exercise is a psychological game.