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Hi ToS
“With the apparent complete lack of interest in Cascabel, I’m beginning to wonder if we should just mothball it, and do a fundraiser with the sole stated intention of using the proceeds to recommence drilling the other tenements. i.e. get back to what we were once good at”
To be fair if we can’t sell something as exceptional as cascabel what’s the point in finding another one?
As for the complete lack of interest…… the only time we’ll find out is if and when the first interested party shows their hand.
I believe this will happen and thus remain invested and investing .
Thanks bozi and addict for confirming what I already knew- I have and continue to call it right. As that continues to be the case into the future, you'll see it's far from guesswork. I clearly understand the company better than anyone who insisted there would be a sale last year, and better than anyone claiming there will be one this year. To claim otherwise is to ignore the facts in favour of hopefulness, which puts you in the same category as novice, slug, bbg et al. You can, and should, do better.
Friendly advice- get you money out and buy a load more shares at a lower price soon 👍
With the apparent complete lack of interest in Cascabel, I’m beginning to wonder if we should just mothball it, and do a fundraiser with the sole stated intention of using the proceeds to recommence drilling the other tenements. i.e. get back to what we were once good at.
Clearly a few issues to this approach; agreement to postpone/defer the license spending commitments re Cascabel would have to be reached with Ecuador state. This could be mitigated by promised increased spend elsewhere. Then, whilst the interminable wait for something, anything, to happen regarding a suitor for Cascabel, at least our investments would be doing something. At the moment, we are just haemorrhaging cash to no end.
Dbw. You are one delusional cookie.
Keep an eye on the Canadians, you clown.
They treat solg with complete indifference.
Have you never noticed the daily volumes of shares traded over there.
This board has been poking up with your pitiful pleading posts for as long as I can remember.
Grow a pair. Stop your constant almost sorrowful wishful thinking
Agee again ….. we just have to hope Jiangxi aren’t the only game in town.
Also a price we may have once been disappointed with is very different to a price we will be disappointed with….. for many it’ll be a blessed relief.
Especially not having to come back here and worry what you might tread in
I believe it's coming DBW.
Those who say something has to give are right. Bob, Dan Vujcic and Co have been at this for about 12 months now. They've produced their phased plan to show improved economics for a phased development.
Logic would dictate that the company now has to secure it's investment and get the blessing from Noboa to push on under the terms agreed last year.
There are no other blockers after that. If we aren't ready to be packaged off to someone with deeper pockets then we never will be. We all may as well wave our money goodbye because the company has neither the means or the inclination to re-expand in order to fill all sorts of management, technical, engineering and staff roles in order to start a mine build.
Jiangxi. Late summer. A price all LTHs will be disappointed with.
There is my call.
So what’s your point DBW, should Solg released good news and then update the market with lies to help you out.
I’m sure you know the rules by now on releasing RNS in a prompt and timely manner.
Or are you saying they should withhold news until they have EVs series of positive announcements, against LSE regulations, to help your underwater investment……
Either way you are still deluded……..
Morning Bozi
Nice summary ….. will also be interesting in the coming weeks to see who’s buying and who’s selling …… it’s the ones in the know ( the Canadians ) to keep an eye on .
It’s always been Solgold’s way …. Release solid news and neglect to follow it up with a sustainable path forward.
One day and all that
Oh. Did I mention to the experts, fmg paid an interim divi of 108c today.
Not sure, but did I mention I brought in early days for $2 a share. Now worth $28 a share.
Did I also mention that years ago they were $14 and dropped back to $2 almost over night. But crept back upto what they are today.
So who's to say solg won't do the same. That's why I never add, and never sell till the fat lady sings.
Probably take the family to bali with the windfall.
Bozi. Once again, you think you have all the answers. And try to make your assumptions facts.
But let me tell you. I think we will be further diluted, and I think if we're sold it will be for far less than mather and co would like.
And I can assure you I'm a share holder And I most certainly am a share holder.
And have been for a lot longer than some of the clowns on here. You included
Stackhigh - you've called absolutely nothing.
You have joined this BB under various guises and have made hundreds of posts arguing with someone about something. You have said virtually nothing about the outlook and travel of direction for the company.
If you believe the company is going to get diluted further and someone will get SolGold to heap then you simply wouldn't be a shareholder now, let alone 12-18 months ago. You could conceivably be short, posturing as a shareholder in some quite perverse activity that you take joy from.
I know you're a bright enough chap and I enjoy and support your taking down of 1984, but let's not pretend you have called SolGold to a tee, because I don't remember seeing a single call from you, other than that there would be an AGM in 2023. That might have been contrarian but it wasn't the visionary take you like to think.
SolGold management has to create competitive tension. They do that by delivering an IPA that secures the investment made to date and gives the company security into the future. From there, it'll need some 4D corporate financeering to convince everyone that they have a chance and to encourage moving first. Then the gloves come off.
It's either that or we'll all wallow as we get bought out for 2p. Which is it to be?
I'm not worried about short-term funding.
Should be easy for SOLG to place the CGP shares / placing / another NSR.
The issue is at what cost - shouldn't be any sort of placing at these levels, and another NSR erodes what is already a challenging IRR (on a minimum capex basis).
Simple fact is the market is waiting for a tangible plan for developing (and funding) Cascabel. And SOLG is still keeping the market waiting.
SH, that's a reasonable question and perhaps is best answered by pointing out we've been in the same position on numerous occasions and have always found the cash. Of course, the past is no guarantee of future events, but the precedents exist.
You have also proved my point; despite your protestations, you have no more idea of what will unfold than anyone else and it's a bit silly to pretend otherwise.
Also adikt, you keep banging on about analysts and there forecasts.
take the time to read this study. one of many, many coming to the same conclusion.
the study looked at the track record of stock market “experts” who predicted the market's direction.
Their findings were eye-popping.
Overall their accuracy rate was only 47%, less than you might expect from random chance.
Jim Cramer, a fixture on CNBC, had an accuracy rating of 46.8% based on 62 forecasts.
Abbey Joseph Cohen, formerly a partner and chief U.S. investment strategist at Goldman Sachs, fared even worse. Her accuracy rating was only 35%, well below the average of 47%.
Another study analyzed a dataset consisting of 6,627 forecasts made by 68 forecasters. It found that while some forecasters did “very well,” the “majority perform at levels not significantly different than chance.”
Overall, only 48% of forecasts were correct.
Over 20 years from 2002-2021, another report (discussed here) found the average difference between target price estimates from stock market “experts” at the beginning of the year and actual prices of the index for the same year was a staggering 8.3%."
like I said, wake up. have you noticed, the share price is back in the 6s.
You're asking the wrong questions, add, like every other ramper here. Don't ask why hasn't there been a sale up to now. Ask "why would anyone bail solg out at this stage"? It's not about de-risking, it's about corporate stability. With DC at the helm the markets saw stability. With the current crop of sp crashing clowns, the markets see instability. Why move now? Wait a year, two years, pick up percentages through cheap dilution... That's what the Chinese investors did and will continue to do. Someone will get whatever is left of solg pretty cheap. Fort's "no one gets a tier 1 cheap" is nonsense - we don't have a mine to sell. We have a series of difficult infrastructure problems to solve, with a distant payday in an uncertain copper/gold market. Everyone knows solg can't do much from their current position, so as had been proven again and again, everyone is willing to sit and wait. Give it a year or two (no sooner) and I'm sure we'll be forced into a sale. Until then, it's all just wishful bbg-style claptrap. Mark my words- I've called it perfectly so far.
Adikt the money the Chinese and co have put into solg is peanuts.
a few months ago I posted
a list of all the exploration companies bhp and co,have, and are invested in.
I stated that if they invest in 50 companies, and only one comes good, the profit margins far outway
any losses on the other 49 companies.
you keep harping on about the money the Chinese have invested.
look at the profit these companies made last year.
twiggy just lost almost a billion dollars on a mine he opened last year.
one billion. he has just closed it. and probably never batted an eye lid.
it's maybe time you had a rethink on your see no evil views, and woke up to reallity
Https://asia.nikkei.com/Business/Markets/Commodities/Australia-miners-BHP-Fortescue-race-to-curb-iron-ore-dependence
"BHP plans $11 billion a year in investments over the medium term, 70% of which will go toward copper, nickel and potassium carbonate.
In May, the group completed the acquisition of Australian copper and nickel company OZ Minerals. Demand for copper and nickel is increasing, tied to electric vehicles and renewable energy. Potassium carbonate, used in fertilizers, is expected to see greater demand as the world's population grows.
BHP also is exploring investment opportunities in Argentina and Ecuador."
Adikt, what is it you don't see.
they have had to change there minds. not by choice by the fact no one is showing any evidence backed interest in solg.
Q, a question: We know DC was given the boot for pursuing a board policy which was to take this to production. We know the board changed its mind. We know the people behind this are those now running the show. How likely is it that they too have now changed their minds?
And before anyone leaps up and down saying that the reason they've had to alter the strategy is because no one's interested, how does that account for the Chinese investment? How does that account for every market commentator I've ever read or heard stating Cascabel is a fantastic discovery?
Of course, lack of progress may be price related and perhaps our Board's view is too bullish, but we don't know that. The truth is we are all in the dark and everything we write on here - from both sides - is nothing more than speculation.
Https://www.northernminer.com/news/first-quantum-inks-500m-offtake-amid-panama-turmoil/1003864208/
BBG in October 2018. Over 5 YEARS ago. Cut and pasted from his post.
“Solg will be sold in its entirety. We have 6 months max. “
BBG today.....
“The main event is about to commence”
..... but don’t listen to me. I’m just one of the 21 paid derampers on here. As Tesla said, 🤡
So you have been saying for the last 5 years clown 🤡
When will it dawn on you, you haven’t got a scooby…….
Needalife @ 9.09 - must admit that did make me laugh. Took you 1,800 posts.
You are so true to type, bbg- you don't even try to disguise it. It's almost endearing.
You've said the same thing dozens of times before, and been wrong every time, numb skull. Anyone who can brave trawling through your old posts will see exactly that.
Saving $1b from capex aint a catalyst?
Just wait and hold. The main event is about to commence.