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Fort I’ll be very impressed if the company delivers news of the PFS3 on time. What a refreshing change that would be! I note today’s discussions about what date the on time will be, and btw, I’m with you on the interpretation of on time.
But as other posters have said, the company has until the next AGM in December to pretty much do whatever it likes?
You’ve posted about the cash burn in this company versus what’s seemingly being delivered to shareholder value - i.e nothing imv. Where is shareholder’s money actually being spent?
I’ll close by being positive and hoping that the company can deliver good news this or next week.
I wouldnt hold your breath regarding this report. I'll be amazed if this report is delivered by 15th feb. Not that this report will stop any rot here.
Who would have thought, 8 years after the discovery that we would be here? 8 bloody years and achieved what exactly? Continents have been conquered in less time!
The SP to be frank deserves to be this low. There is only 1 thing that will turn things around now, and that is a monetisation event. Next stop 6p, then 5p ect ect until something meaningful happens. No one to blame for this other than the failures of the board to get something to happen here!
The one thing you can absolutely depend on like clockwork, is that when Redknight publicly boasts of topping up, the share price immediately drops
Looks like Red spaffed his latest £35k too soon.
Thats not the share that will end up at 20p+ let alone 100 or 120p.
Always darkest before dawn
and dawn is coming for Scott and co.
Any chance of an update on the copper price?
New 52 weeks low in Canada!
I am sure that the Canadians will be holding Scott The Rocks Caldwell to account for his dismal performance. At least they don't think much of him based on their posts on ceo.ca. No one on that BB bragging about their holdings.
Biden is a disgrace, he has no idea what day it is or how to formulate a coherent sentence.
Much like Quady
NAL. I have never even discussed my holding in SOLG for a long time now. Maybe I'm not even in, never mind up to my neck, so don't try that, boy. I'm very comfortable in my current position and sitting her, eating my popcorn, as the clownshow unfolds.
NAL sure you will love the Tucker Carlson Putin interview this eve.
I predict that it will burst the bubble of Putin being some kind of crazed Hitler figure, and he will come across as a rather measured, careful and deep thinking individual who has the best interests of his people and country at heart. That's what the collective West leadership is most afraid of and that many more will see through their lies and propaganda.
Putin is easily capable of speaking off-the-cuff for several hours, without notes or prompts ( he does this every year during the annual end-of-year press conference )
https://abcnews.go.com/International/putins-annual-press-conference-focus-domestic-economy-official/story?id=59924333
Contrast this with the shuffling zombie Biden who ( supposedly ) leads the West and NATO. What a puppet. Same can be said for the clown Johnson and the lightweight Pajeet shoe-in Sunak.
Putin has no interest in invading Europe, I assure you. What does he gain ? A load of silly little countries, in decline, their economies loaded with unpayable debt and social obligations, the population ugly and full of harridans, puffs, cucks and weirdoes. Russia has everything it needs already. Europe has nothing to offer, other than a market for the cornucopia which Russia digs out of the ground, so why invade when you can trade ? What Europe can offer as trade, in return is a good question, though.
I apologise for pointing out your obvious error, which led to the negative supposition that PFS3 might not arrive before 31 March...
Enjoy the green boxes...
Red..... you and BBG might want to consider what Seth Godwin once said. The problem with a race to the bottom is that you might win.
@red I am tired of your verbose and patronising comments. Another good chunk of green boxes will populate my page so i'll need to check it only once a day now. Good look with your investment
This is a gold play. The demand for copper is vastly over estimated given the wheels are now starting to come off Net Misery at a rate of knots
Don't change the subject Red... tell us some more about how many shares you bought.
OMG would u button it. Nobody gives a about you.
And until then, don't worry about the daily moves because the Autobots are doing 'the Grand Old Duke of York', day after day after day...
Thats what happens in a thinly traded stock, but the liquidity will be boosted significantly after PFS3 arrives because everyone will have to take a position, one way or the other...:
How to revalue the shares based on the revised construstion model and economic case and
Speculation on who will bid and when, given that there will be no reason to hold back on buying one of the world's greatest new copper gold projects...
As Mike Henry of Barrick said, publicly...
"We know about Solgold..."
And they have moved their strategy from gold projects to include copper/gold projects...
"Copper is the new gold..."
You also have to take it in the context it was given which is that it followed previous guidance from SOLG that PFS would be in Q1 2024.
So the update on Dec 14th in that context most certainly confirms that it is earlier than last guidance... hence early Q1 rather than late Q1.
Keep it simple
His statement is totally wrong:
"It doesn't state early in the first part of Q1. It states early Q1 in 2024."
And looking at the thinness of the market, with the vast majority of trades being Autobots, if you're thinking of investing I wouldn't leave it too late because starting with the first 200k, my 489k (and anyone else who followed) took the SP up 12% with a 7.92 close...
And in three full trading days from 19 December the SP rose 65% at its highest...I guess a lot of people who had been holding back panick bought because of FOMO...
We've waited 16 months for material good news so nobody knows how much the price will pop when it arrives...
It's the difference between having a comma after early, and not.
Madpunter is inserting the comma in his understanding
How is "EARLY IN THE FIRST QUARTER of 2024" ambiguous...?
Why did I increase our holding by almost 30%?
I was waiting for a price close to 7p
Why?
PFS3 and the pattern of trading since 21 December
PFS3 is imminent
This was the ACTUAL statement on 19 December:
"Phased Approach Pre-Feasibility Study...Expected to be released EARLY IN THE FIRST QUARTER of 2024
That means by 15 February...
IMO, Insiders will buy more as soon as the RNS hits as they have been in a closed period since before the AGM...because of the possible arrival of PFS3 within 31 days
Also we are overdue news about the pipeline and the rail line
And on 22 January, Scott said:
"The phased approach pre-feasibility study for the Company's 100% owned Cascabel Project located in northern Ecuador is nearing completion. The phased approach is expected to demonstrate a lower risk path for Cascabel, with several project optimizations expected compared to the 2022 Cascabel PFS, including lower capital costs."
NEARING COMPLETION...17 days ago...
But then I looked at the pattern of trading that took the SP from 7.2 to 11.6 in just 4.1/2 trading days...
And my conclusion was that investors had held back from buying, or even opened shorts leading up to the AGM, to hedge against the possibility of some or all of the Board being fired...and indeed Twigger and Clare stepping down in late November can only have increased investors' nervousness...
The AGM was timed for one of the quietest periods of the year.
There was a surge of buying on 14 December, the day Scott sent out issued an RNS including the above key Cascabel update.
I suspect this was buying informed by knowledge of the majority of the voting results, which would show strong support for all the Directors except Nick Mather and the 'Reminder' would have been directed at PIs, to make sure he sneeked over the line.
The AGM was on 20 December 'Brisbane Time', so results would have been known before the London Market opened and we saw a further surge of buying on 20/21 December, but...
The weeks before and after Christmas are prettydead week (hence the AGM date).Many investors and fund managers wouldn't have been back at their desks unti 27 December and we saw another surge of buying 27/28 December (24 million shares), which took the SP as high as 11.6p.
Indeed on 27 December, trading volume increased 5 fold on TSX
After that, traders and weak holders would have taken the opportunity to cash in and the lack of news since has probably seen some PIs especially, disppointed at the lack of follow through, slowly selling...
So...I expect the SP to start to climb a couple of days before the PFS3. Markets are notoriously leaky.
I also expect Insiders and Institutions to buy immediately on release, together with PIs who have held back or didn't believe it would arrive by then... (just read today's posts).
So it is reasonable to expect a price surge and then we will be looking for follow through.
Resistance is at 8p, 9p, 11p then
That could imply early, as it's in the first quarter of 2024. Otherwise, I would have used in the early part of the first quarter of 2024. IMHO it was left ambiguous to give the extra time if there's any delays. Therefore, from past experience of SOLG and timelines, I expect it towards the end of March.