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Great find Add, and proves once again that most of our pain is driven by the macro.
Rcgl, he saw it on a Canadian chat board and read it as gospel. According to DBW, Maxit have denied it.
However, he's right to say it's a bad idea. I suspect that over the years most of us have seen companies do this and it's usually a sign of desperation and a vain attempt to demonstrate that a business isn't a bombed-out penny stock. In fact it ends up reducing liquidity and making the stock even less attractive to the retail investor. Fortunately, one sees far fewer of them these days as history has proven them to be nothing more than a futile exercise in window dressing.
Eloro why did you think a reverse split could be a possibility and why do you think it would be such a bad thing for you as a holder?
Padmaster, Potty mouth Polly needs a vet not a doctor!
He needs a mirror in his cage for behavioural enrichment. Talking to himself has made him a paranoid and lonely galah.
Btw, someone on the GGP page posted a link to an interesting Rick Rule interview. The second half concentrates on uranium, so is probably of less interest. However, in the first half he talks about exploration stocks and gold investments. It's worth a listen.
HfH, there's nothing wrong with being positive about your investments. In fact, it seems very strange that anyone would remain invested in a situation which they believe to be a basket case.
The irony of the position of the negative posters on here is that they don't seem to understand that SC is trying to achieve exactly what they want him to do i.e secure a monetizing event. It's been said enough times, but he inherited a bad situation - probably worse than anyone thought - and, just like any business, it's a complex tangle with many nuances. For me the December AGM is the end date. Two years is sufficient and if he hasn't delivered by then the discussion will change.
Https://twitter.com/robert_ivanhoe/status/1749935385487016321
Hfh. I don't think your being called a Muppet or the chairman of the rampers for being positive.
I think you will find your being accused because of your devotion to the happy clappers, and your
ridiculous optimism, based on nothing but blind faith and wishful thinking.
as yesterday's, golden ticket sh??te portrays.
Padmaster. your late night posts ever since I can remember, have been spent penning ditties
calling any who question solg as imposters infested, derampers, and not being invested.
well I've news for you. my email yesterday has shown that your years of ridiculous denial have done nothing
but show what a bigoted old fool you are.
along with bbg, who claims I'm an uninvested BlackRock stooge.
or the manchild novice, who claims I'm paid by LSE to increase the post count.
or dbw,who's wild claims as he runs round in circles in blind panic screaming take overs coming, and any who disagrees is uninvested
or shipright, who doesn't know what planet he's on
the list is endless., but feels the need to try to be clever
if you add up the posts screaming not invested, and add the amount of clowns who have
recommended the Muppets, if we were still using paper, it would equate to a Forrest of trees.
the only thing they have is common, is there complete silence on there loss of credibility
Seriously Kalneedabari, my old mucker, you should make an appointment ASAP with your doctor and ask for your medication to be upped.
After my post yesterday blowing bbg and padmasters daily claims I'm not invested out of the water.
I wondered what they were going to do, now that there credibility had been shot away.
but yesterday I note bbg is still spitting venom, and has now turned his attention to claim eloro
isn't invested.
the man's a complete fruit case.
and even more staggering, bearing in mind he was shown to be a Muppet yesterday with his ridiculous
bile spitting claims.
4 posters astonishingly recommended his post.
it come to the point on here, where you can't argue idiot
Eloro I agree with your thoughts on management, all management in Solg has been appalling to date and in my opinion self destructive mostly due to infighting. However, I'm of the opinion that SC deserves a chance to deliver. Whilst I don't agree with the open ended strategic review I believe both that and the revised PFS will come out soon and I believe that this is the year where Solg finally move forward and deliver value for shareholders. Of course I could be wrong, I accept that risk but all being well I think this is a golden ticket and I'm willing to wait however long it takes. Despite some calling me a clown and a muppet for being positive on this company, and being chairman of the ramping brigade, I'm really not. I don't care what others do. Buy sell hold, it matters not to me. Each to their own.
It will interesting to read the posts here in the event the phased plan isn't published by March 31st. Ì suspect that in that event, we will be left to fill in the blanks as usual.
I am relieved to read that a reverse split isn't being considered. I would not be happy if that happened.
HFH, I don't need to spread uncertainty here. Scott The Rocks Caldwell have overseen a total decimation of the SP since he became ceo, converted the SR into a n open ended charade which cause doubt, this after criticising earlier management. Yet you don't see that as a dismal performance. Instead, my posts are the root cause for the SP falling from 40p to 6p+? How is it trolling commenting on what has happened under his leadership and what could happen based on his previous record here?
We have been left with nothing but uncertainty to the point where folks have been reduced to guessing what next. The muppet here is the one who has to resort to name calling because they are too dumb to look at the facts as they are rather than their mindless ramping. No amount of ramping is going magically increase the SP back to 20p, let alone 40p.
Two year swap rate well under 3% too….
Have they had a sniff or a BHP low ball coming??
Lets face it... anyone wanting to take a chape jab at SOLG while they are rock bottom ... the time is now. As I said a month ago or so... the window of opportunity is now and that will close as inflation drops, PFS's are released and risk on assets catch some tail winds after being ignored for last 2 years.
Why would Solg draw attention to the size, and by inference , the value of the assets at a time of such a low share price ?
Unless they have something up their sleeves to rectify the issue they would just be drawing attention to their own failings
Corporate action shortly will start the ball rolling
Agreed Paddy lucky we’re not doing one eh
Share consolidation is the action of a desperate company imo
HFH…. Hope you’re right about the price though I don’t tend to worry so much on a day to day basis. I’m confident value will out here in the end and we were reminded not so long ago how quickly this can move ( even without news & on low volume) ….. hopefully the revised PFS will make a few sit up and take notice and may even shake something loose.
ATB DBW
Dream people will always try to spread uncertainty on this board so its up to the individual whether they are believed. What's been rumoured would have to be voted through by shareholders anyway so just wouldn't happen. Think people out are starting to worry after today's tweet. I expect a strong blue day tomorrow.
His thought on the SP reverse trend?
From Maxit
“No reverse split. Source of the rumor is a guess/suggestion on a Canadian chat board”
Quack quack
No reverse split / consolidation coming here