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Man up HfH and call a spade a spade. To whom are you referring to in your last post?
Commenting on facts about the company is not deramping. If Scott The Rocks Caldwell wish to see positive posts about solg and himself, then he should achieve positive results. Simple!
Decimating the SP, changing the SR to a never ending one are not positive achievements.
You have provided no foundation for your assertion that the phased plan will be published by end of Q1, whereas I can point to his poor stewardship since becoming ceo as a guide to what is likely to happen come March 31st. Not long to go, we will see.
Eloro,
What if the external team looking over the PFS told Scott/SOLG that their report was 'nearing completion' and that they were on target to deliver it to him before Feb 15th??
Would that fit with the update on Jan 22nd? As ultimately... it is the external team that will looking it over as the market prefers things to be stamped by independents rather than company directors.
Despite the Frenzy created by certain derampers, and the verbal diarrhoea and insults they issue, I can guarantee you one thing..the PFS will be out next month, as stated by Scott then they can choke on their words!
Correction:
Nearing completion" on January 22nd is saying no way Scott The Rocks Caldwell will meet the Q1 time line.
Typo on my phone.
Fort,
"Expected to be released early in the first quarter of 2024" statement was to solicit votes.
"Nearing completion" on January 22nd is saying no way Scott The Rocks Caldwell will not meet the Q1 time line. I have no confidence in him to complete the work sharpish in order to publish by end of Q1.
BBG, I'm on board with that and have said as much. FWIIW... I think the PFS was sorted long ago and 'have been' waiting on inflation numbers and other stuff to improve. Makes sense. But.. here's the but.... Scott said very categorically just over 6 weeks ago that he would be delivering the PFS in early Q1.
On Dec 14th SOLG said...
Cascabel Update
Given the in-person format of the AGM, SolGold is pleased to provide the following update to all shareholders in advance regarding the Company's world-class Cascabel Project :
• Phased Approach Pre-Feasibility Study Progressing Well - Expected to be released early in the first quarter of 2024.
What you need to realise is that Scott and Bob are losing credibility every day that ticks by now and they deliver no news. That's why the sp is 7p and not 47p+. The market is calling their bluff.
So if they miss mid Q1... then it's more damaging for them and shareholders. If he thought there was a chance of missing early Q1 then he shouldn't have said it!! He didn't need to say it! He could have just stuck to the PFS in Q1.
So bringing it forward raises expectations.... and then to miss then just generates poor sentiment. And that's damaging. And that destruction is down to management alone.
So it does matter. You best drop Scott an email and remind him of his promises.
The PFS has been pushed back many times. It makes no difference if it is released today or in 9 months time...
As I have outlined (and which is completely obvious to those with half a brain), SOLG is delaying the PFS to buy time in order to advance regional projects and allow time required for interested parties to concludes DD.
The 'buying time' process is referenced by the company as the 'strategic review process'.
BBG,
Lets keep it civilised. No need to be personal about it. I'm just going by the official company updates and the last RNS Scott issued was pre AGM and he very cleary stated in a bullish tone that PFS would be ready in EARLY Q1.
So what's your problem with that? Unless you are now saying that Scott was wrong and that he's given false guidance to the market?
End of March would be a big miss on guidance and the corp update issued a few days ago would have been the time to tell the market that PFS was no late Q1. But that didn't happen so all looks on track for Before Feb 15th.
If it's end of March... then that's going to look poor on Scott. But lets face it, he's not had a good 12 months at all has he?
Terrible comms, no Strategic review results to report... no IPA... no reduction in cash burn or cost savings... nothing. Utter shambles since he took over or should I say before 'Bob' took over.
You sound desperate Fortissimo.
What happens if the PFS doesnt arrive till end of March?
Are you going to continue carrying on like an emotional inexperienced investor? Is that the game your supposed to play here every day?
NMM, I am on record posting that I do not expect the phased plan to be published by end of Q1 and that I expect a 2 quarters slip using the French translation and the never ending SR as a basis for my estimation.
Of course the rampers did not like my post. Scott The Rocks Caldwell is an incompetent ceo and I will be shocked if he actually manages to meet a milestone time line.
Hi Fort
I've found the messaging re: PFS unclear and inconsistent.
It seemed that SOLG would be producing this themselves (as opposed to previous PFS taking best ideas from consultants/advisors and getting one of them to produce it).
But then late in Q4 SOLG suggested they were looking to appoint a mining consultant to produce this. (Apols, this is the evidence I can't clearly find now).
This struck me as odd given market - at least eager PIs - are expecting the PFS to land in Feb. And I would have thought would take a while to produce/review. So more like end-March.
I accept 'PFS3' could simply be releasing all the PFS addendum update work from 2022/2023. i.e. most of work done, and just need consultants to review / put name to...
... but we don't know.
Oh and the best hole in South America!
Look who is talking!! Who posts the most rampy rubbish on this BB than Lord Braggart? I haven't forgotten this ultimate ramp which clearly shows that dementia has already started to affect him:
Holding above 11.20...new support level...?
12.50 then 14 next targets..."
When Scott updated the market via the formal RNS channel in Dec pre AGM, and he said PFS ready for release in early Q1 (eg before Feb 15th) he would have either engaged the external audit consultants prior to writing that RNS or had already had guidance from them to say they would be completed by early Jan... hence he would have factored in some safety overun time as wouldn't want to look a fool to the market by missing a simple forecast.
So, without a doubt... external overview would have been likely underway in Dec if not before.
Tick tock Scott... Q1 is soon to be 33% complete. Mid feb and it will be 50% complete. End of Feb and it's heading into late Q1.
London is known for it's lack of internet
Correction...typo...only TEN are sensible comments...out of FIFTY!
NMM I don't recall this being announced. In fact I noted in the last MD&A that they planned to do so but had not yet.
So I haven't looked in for a few days, been in London.
I have 65 names filtered.
Of the last 50 posts:
29 are green bars
11 are responses to idiots and
Only 19 are sensible comments.
What I can't understand is why sensible posters continue to feed the beasts that are wallowing at ghe bottom of this stagnant pond, as opposed to FILTERING THE IDIOTS!
PLEASE?!
Jiangxi IS the Chinese State
Jiangxi Copper Company Limited was formed by parent Jiangxi Copper Corporation, which is owned by the Chinese government, in 1997. Jiangxi Copper Corporation owns 48% of Jiangxi Copper Company Limited.
https://en.wikipedia.org/wiki/Jiangxi_Copper
Ortherncopper - you also missed redknight's statement that lack of management buys before/after AGM meant the PFS would be landing before 20th Jan...
"Given the 31 day constraint, I can only assume that the PFS3 is due by 20 January latest, i.e. 31 days after the AGM.
...
Otherwise you can be certain, with the depressed SP, that there would have been buys..."
Can anyone remind me when Scott / SOLG said they had appointed external consultants to produce the PFS?
I recall it was fairly recent, December? I've checked the MD&A and notes from presentations but now can't find reference to it?
Great entertainment Kalneedabari, keep ‘em coming along with your explanation for your previous bans.
Ps the ditties as you call them, take a few minutes, not hours to pen.
SharketMare agree Mather in real trouble over at DGR NEEDS a way out of that and needs a monetising event to stop DGR from collapsing. Their biggest asset a shareholding in Solgold.
This is a massive push in the background to get this shifted PDQ!
Bbg - I'm pretty sure all of those bullet points are wrong.
Readers here will decide who to bet on- a man who tweets WI every time he needs reassurance but then comes here and makes up stories anyway, or a guy who correctly predicted the lack of sale for the last two years in the face of baseless, brainless ramping.
One of us knows the company, one of us likes to make up positive statements to cling to...
Padmaster. didn't realise research was important.wondering if you can point out where you researched you ridiculous over optimistic ditties you posted.or this one you posted the otjher day
“Mummy, MUMMY”.
“Whatever is the matter Kalneedabari, sonny boy?”
“Do I really have to go to school today mummy? All the kids are really nasty to me, calling me names like “infestor jester” and “king Solg clown”.
“Don’t be silly Kalneedabari, of course you do, you’re the headmaster.”or maybe the one below from the other day.