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RNS still not showing on here:
https://www.londonstockexchange.com/news-article/SOLG/espejo-project-update/16243733
I'm not seeing the rns releases on Lse
It’s this useless LSE website. Had to go to Solgold site to view
If the board want to ensure votes they could start by stop using the endless ‘strategic review’ as a mechanism to hide behind… as a useful tool to make no concrete decisions, just coast along behind… Collecting salaries and options.
The board could offer some outline as to progress and developments of their intentions to monetise… to show investors how the culture of non performance has ended…. To clearly indicate what decisions have been made… what directions we are going in, after the last 12 months of stagnation…
Coughing up some rock samples, just before an AGM is so transparent it’s pitiful.
Am I the only one who can't see the RNS?
Was all that s news already in the data room
A more cynical point of view would be that these RNS's are being rolled out to remind shareholders of the amazing exploration potential we have before they...... drop the inevitable one.... which is ... we need to raise cash to fund it and have placed the 157m shares with our buddies at 10p. Lol!!
The cycnical view would be...
1. Someone in the know takes out a 0.5% short in Dec after equity raise and CGP boys get on board tut tut
2. Plan is to reduce shareholder expectations over next 12 months, reduce shareprice.
3. Once share price is on the floor, issue 157m shares under some ruse like... exploration required.
4. Then when all ready, drop the biggin... ENSA deal done albeit cheap and see if anyone comes out of the shadows
That the gist of it Bob?
Oh... and if AGM does not go to plan... then action point 3 and 4 earlier lol!
9.25!!
Not really sure these rash of RNSs are aimed at PIs. Most Pis anre entrenched in their view and most will have cast their votes already. No this feels like we are showing the world a bit of leg. LOO we are not a one trick pony if part of us is sold.
If not it’s really desperate, massaging the boards egos, hey look we really did do something this year and making them feel good about themselves.
For me we are telling the market we ave many parts , if part of us is sold/ joint ventured look at what’s left and place a valuation on it.
Orthern …. We’ll see the revised PFS Q1 for starters. This could change plenty.
No one is “appeased” by these updates but it’s good to be reminded of our potential
Hopefully the board negotiate the AGM without too much fuss and see this through to its conclusion.
As for the dumb ….. well they’ll be voting for change and their own ultimate destruction
Solg management must think most private investors are fools… That they can suddenly package up minor details, spread out in batches, spun to look like more progress than it actually is, coincidentally in the run up to an AGM, to please the plebs, and expect us to back them again.
Some rock samples to show for a near $70 million cash spend over the year.. and now mothballed, with no indication of any plans to do anything with them.
No announcement regarding SR progress or decisions made, no solid ambition to progress anything…. No Joint venture developments, no news re looming finance raise…. It’s just crumbs from a table, pushed on to a plate, to appease the dumb.
The reasoning behind this spate of releases is completely transparent (I'm not complaining, btw). Shall we run a sweepstake on the number of them next week?
We can only hope !!!
Will some of our bb cretins be disappearing into the shadows I wonder?
Statement from the CEO
Scott Caldwell, CEO and President of SolGold Ecuador acknowledged the significant progress this year and the support from stakeholders:
"The recent identification of another high-potential target at the Espejo Project, coupled with our discovery at Blanca Nieves, highlights the expertise and commitment of our geology team. It also emphasizes the patience and trust shown by our stakeholders in 2023 while we carefully evaluated and prioritized SolGold's consolidated property list and effectively carried out our exploration program. My sincere thanks go to our team, whose exceptional work, combined with the collaborative spirit within SolGold, has been crucial in advancing our exploration projects. As we look ahead to 2024, we are filled with energy and optimism about the opportunities that lie before us. With the team's continued dedication and our shareholders' support, SolGold is well-positioned to explore these new frontiers and drive further growth."
No project news since the merger with short appearing shortly after.
Short closed and the agm charm offensive begins.
another "decent" rns this morning, but will it move the dial ... can investors be ****d ? not so sure atm.
have a good weekend all, 55p by friday 🤣🤣🤣
I wonder if the 13m trade the other day was the short closing?
Well yet another Asset, brushed up and updated, it feels as if we are updating all the other assets, to put them up for sale, imo
There are many exploration Companies out there who would relish getting a foot hold in Ecuador, this is one way we could raise a large cash pile for the development. Stage of Alpala
I can see no other reason at the moment why all these Assets are being updated,
The AGM may reveal more ??.
Have a good weekend Solgers looking to add a few more later
Banditputin - right now, for me, the finish line is a sale of the company.
The work force has been rationalised right down to ensure costs are minimal. There is no longer the expertise or the resource to start building a block cave mine. That has been backed up by comments made shortly after the merger closed ("we're not mine builders").
The question is how they go about it, whether they get an outright sale or whether they sell ENSA and spin the regionals out.
Funny how all this news has suddenly appeared!
Highflyman.
can your wife not make up her own mind who to vote for.
are you telling porkies, and not only does your wife not have shares. but in fact, you have no wife.
you really do come across as a bit of a weird cookie
Looks to have disappeared from the fca daily list.
Somewhere between the 1st December and today.
Stack high. The new board tosspot
Well, I've reluctantly voted I favour of the board today and will do the same with the wife's shares over the next few days.
I'm sure things haven't moved as quickly as they would have liked and I'm definitely not impressed with thr current SP but they get one more term to get this sold or they are definitely toast next year.
Have a great weekend all. C
"There’s no way it won’t happen
These guys are getting things done …. If we do our bit everything will work out
ATB DBW
Question: is this current DBW BS or historic DBW BS? Clue: he's been doing this a lot, for a looooong time...