The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Penny stock? Penny stock referred to in a Reuters article 4 months ago with BHP and Newmont as major shareholders? Whatever you say buddy.
BTW “55p” by end of Friday folks 😉
OH NO ITS NOT!!!!
Thought I’d get into the holiday spirit 😉
It is now!
This isn't a penny stock.
*******
“all bets off the table how low this could sink”
Same could be said for you
Red is certainly giving Quady a run for his money in the most hated poster stakes
Never get too excited over a rock chip sample. The bit about the exposed boiling zone is interesting though.
Jesus the amount of conspiracy theories coming out from the red ramper would put some well known authors to shame.
I wonder if Scott is trying to disrupt the Autobots...rattle the shorters and tempt the bidders...
No doubt more RNSs to come...
Maybe another streaming deal...?
I assume the market has little interest in this RNS, however .....Our time will come
"The World Gold Council defines a low-quality underground mine that has a gold ore density of 1 to 4 g/t (grams per ton)… a high-quality underground mine as having a gold ore density between 8 and 10 g/t …
And Bonanza Grade Gold is any deposit with more than 34 g/t!
For miners in search of a World Class Deposit – which is one that hosts at least 10 million oz of gold (or gold equivalent) – discovering Bonanza Grade Gold is a big deal."
https://equifund.com/the-bonanza-grade-gold-mystery
Isn't SOLG listed in the UK and Canada?
Smickster - fair point. It'll be interesting to see if the company ask PIs for votes this time around. This would indicate the larger shareholders are not happy with the current board. For now, there's been no hints from the larger shareholders as to which way they'll vote.
RK - I believe one prospective bidder to be Chinese and also think they would readily deploy 'bots' to keep the price at a level. However, based on a couple of Warren Irwin's statements in the past, Western politicians are hindering this being sold to the Chinese. So where does that leave us? BHP don't appear to be interested, otherwise I think we would have seen some action from them by now. So no outright sale of the company, a JV with the Chinese with a free carry for SOLG? Hope not, because I don't think it'll bring lth's a fair recompense.
gordon bennet!! give a rest you boring old ****
Heres a scenario indi...
First of all we're in this royal mess because
1 Darryl's disastrous attempted cash raise and the aftermath
2 The appalling incompetence of the team dealing with the nmerger documents that led to having to produce a Prospectus, thereby delaying the conclusion till March
3 Berry Street dumping shares in an illiquid market
So heres a scenario...
There is at least one prospective bidder
They are using Autobots to keep the SP down until they are ready to bid. The higher the SP the higher the starting price. There is no other sensible explanation for so many Autotrades for such small denominations that are clearly neither to build or sell a position, nor especially making any money.
In an illiquid market it seems very easy for these spoilers to operate.
However I refer back to the 829k buy that led to a 10 % rise in the SP last week
So what do you do if you're Scott and you know there is interest which is not concrete yet and you know there is a story to tell especially when PFS3 is issued in an environmemnt of significantly higher metals prices than PFS2?
1 Buy shares to put a floor under the market... that worked until copper fell to a 12 month low
2 Remind people that the story is not just about Cascabel and not just about copper. Porvenir is probably a Tier 1 in the making on its own
3 Release exciting updates on other projects
4 With the overall purpose of keeping prospective bidders and investors on their toes and keeping the floor at 8p
Given the Autotrades and the lack of buying (probably because people are fully invested and in the main not selling), I don't know what else he could do...
The pics on X, look much better of the rock samples, one could almost define the Gold shows as imbedded Nuggets!!!!
might be a good idea to start digging them out,
Indi, I'd disagree about PI influence here.
I base this is on previous agm and management asking for our votes.
5,10 or 20% COULD make a big difference here.
Well said rcgl
"This isn't a junior mining bull market frenzy where bids are being thrown around like confetti. "
Not yet, but watch this space...
You are absolutely right Eish...and to my mind there is nothing preventing SOLG from doing it...if it is the current SOP...
Something like...
"The current status is that the Company remains in receipt of X non-binding offers, with five site visits having been completed. Although none of the non-binding offers have progressed to firm proposals to date, the Company is in advanced discussions with Y gold, and Z copper roducers. There are currently twenty companies under Non-Disclosure Agreements (NDAs)."
Do you know eloro. I've now been picked up for squid not squib 5 or 6 times.
Makes me smile, and do you know, I would of put money on it being you this time.
Anyway, off to bed to dream of the £1.50 a share that's round the corner. have a good day
Bulletin
Private individuals can rant as much as they want on a bulleting board, however I suspect the votes of PIs will make little difference to the overall outcomes at the AGM.
FWIW and IMHO, I also believe the Strategic Review / JV / Sale Process has been impacted by geo-politics. On the one-hand Western governments do not want the Chinese to get their hands on such a valuable asset, while on the other hand the Ecuadorians appear to prefer the Chinese being involved. Add to this the 'diverse book' (dare I say), and we've ended up in stalemate with the share price suffering as a result. The million dollar question is, how do we get out of this royal mess?
Fort showing his true colours today.
Blanca is an epithermal target and it's good to see some very promising grades in the rock samples. This is maybe the breakthrough SOLG we're looking for when doing the last exploration campaign.
But this will only ever be an appetiser for Cascabel. The chances of 1000m high grade cores is remote at best anyway.
The comparison with other companies is amusing too. I can see why the GGP investors were frustrated. Clueless to put it politely.
If there is one thing any undecided investor should do it is not listen to the noddies on this board. Fort leads the group.
Lord Braggart! Think he’s had his wings clipped a bit having to drive round in a little family put put when he was used to a v8 merc!
He reminds me a bit of foghorn leghorn.