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Yes I saw that mog...some may be disappointed at 8.13p but 13.39 million shares bought in one bundle is a serious statement of intent...
What bottom line Bozi...?
"We are not a mine builder..." It would have zero effect on the final bid price, but given BHP and NCM's reaction to the FNV deal, it might just spur them into action.
I personally think another 1/2% for $50 million would put a floor under the shares, giving all the idiots who think we're going bust food for thpught, with enough cash for 3/4 years at least, even if we did more drilling...
And 'the bottom line' would be irrelevant to me after I've banked the hundreds of thousands I expect to make...
Thats exactly right ET...and Scott would still be CEO.
And why vote out Maria...she is our direct link to the Ecuador Government...
"simply because there are some big sellers out there". Apart from yesterday, the recent volumes doesn't suggest that's the case. In fact, you have no evidence whatsoever to support your proposition. The recent sellers appear to be small private shareholders.
Bozi, you mean.... just hope and pray?
Mmm... like your strategy and seems to be aligned with SOLG BoD's. You should be CEO.
Mog, might be the left overs from BSC? We had circa 25m chunk bought at time when BSC were publically selling down and I thought at the time that someone like Maxit or another has taken the stock on and then gone about an orderly sale albeit in the low 8's. By my accounts, BSC did not have excessive amounts of stock and most should have been washed through by now. The volume of late suggests 'another' seller. No idea who it can be ...could be Norges?
But that's the main reason we are down here in teh 8's ... simply because there are some big sellers out there that have lost confidence in the current BoD's and are exiting. Often fund managers run YoY with funds rather than April to April, so some funds will sell down loss making stocks to offset profits others if latter solid. Helps them start slate fresh in 2024. So could be a few funds selling SOLG over next 2 weeks.
Share price at it's lowest for years and management look very weak going into this AGM. I thought they would come out fighting but looks like they have zero to deliver. They seem tired and worn down and we need some new blood for sure. We also need to get back to exploring and under Scott, that's not likely.
So Q1 Fort, yes?
So let's not split hairs over a couple of weeks.
My rather simple point was, get the AGM out the way and get everyone safely re-elected. See what the markets are saying in the new year. Evaluate all options.
Mogg, I hadn't noticed that either. It was recorded as another off-book transaction, so two options: Either is was an existing holder moving stock from one legal entity to another, or we have a large willing seller and a willing buyer. Given the negligible sp movement, perhaps it was the former?
Sure can explain Eish in one word, Scott.
Shipright is correct to fear more RNS's.
Imagine if Scott did another preso right now talking about his new studies coming up mid next year, we'd drop to 1p.
Hi Mog ….. thanks hadn’t noticed that
Pea Dog … thanks again but I wouldn’t bother clearly I was stating that there is always a risk and from 8p the downside is 100% (ie8p) as with any share ….. the upside is anybody’s guess.
Shipright, that is a most interesting point! Yes, as far as I can remember, there were numerous occasions when the share price has declined with "Good News"! can anybody explain this? Is there some kind of "big other or external force" that does this? Surely when an exploration company releases good news , it should usually have a lifting effect? Particularly if Solgold's Geologists have already hit many Jackpots, we are Tier ONE afterall!
If lord Braggart can’t turn it into a ramp, he’ll bury his head in the sand like the ostrich he is……..
Surprised no one mentioned this late reported trade from yesterday, or maybe red has brought more for xmas(only joking red)
06-Dec-23 19:17:37 8.13 13,390,000 Unknown* 7.50 0.00 1m
What oh, even the esteemed Lord Braggart who posted yesterday, not once, but twice, of his 100k purchase at 8.18 on a T20, has failed to purchase at the bottom and is already down on his purchase!!
Whatever next!! That perhaps explains his absence on the BB today. Embarrassed wot:)
Peadog
You could interpret the comment both ways but anyone who has seen DBW’s ramping for the past 5 years know exactly what he is inferring and it isn’t you might lose 8p a share……….
Peadog kind of makes sense if you only have 1 share 🤔
Picked some up at 0.78p 48,520, it says at a Bargain Price,
I think so!!!!
Good Day everyone, maybe some more tomorrow ???
Getalife - DBW does not say 8p is the bottom - if you buy now 8p per share is all you can loose.
that is what "downside" means!
Thanks pea. I clearly forgot his exact words.
So for clarity.
"think it’s massively undervalued and have added accordingly….. the downside now here is 8p ….. the upside ???"
I think you will agree my post was pretty clear that another of dbw posts was once again based on s,, te.
He proclaimed 8p was the bottom. Next day it dipped below.
He said we are massively undervalued,
He has been spouting the same sh" "te for years.
He has to my knowledge not once posted anything remotely factual.
But please feel free to correct me by finding a post
To prove me wrong.
I the meantime enjoy his posts, and look forward to the £1.50 share price forecast the day before yesterday.
Oh, I forgot to mention. He's topped up on every drop. That in itself proves how much strife he's in.
Topped up I believe at 40p and regularly since
Bozi, not sure how you arrived at that? You suggestion of waiting until end of Q1 and reassess is laughable! What are you going to reassess?? How do you think the Auditors would like it if you when the accounts are done and they ask you the 'going concern' question and you answer... welll... erm... we might not have enough cash to see us through to H2 but we'll just see how we go until April??? mmm I think they'd tell you that you nuts.
At present, SOLG likely have sub $20m in cash. They have $6m licence commitments coming up in 2024. That leaves about $14m for day to day and apparent ENSA PFS work. That's not going last much past Q1.
It's the upcoming accounst that need to be signed off and they'll need a raise or finance before that IMHO which would be around Feb time at latest.
So Fort, after patronising me about what is in the best interest of shareholders you go on to state there's a better way of funding the company.
Way to go me ol mucker.
PD, wrong thread?
Morning all. just skimmed the very few guddons ive had this year and topped up in solgold.I still believe in the basics. the andean mountains dont stop in the borders of Ecuador !! My basics remain the same. Solgold has the biggest footprint here.
my basic beliefs remain the same , what has changed is my timescale! perhaps not for me but maybe my kids!!
GLA
DK
Just to clarify: what DBW actually said was “ the downside now here is 8p ….. the upside ???”
So not what you quoted him as saying at all!
He doesn’t say that 8p is rock bottom, and he doesn’t say that the upside is limitless as you suggest ….
I guess the absence of replies means nobody knows?
If they are indeed intending to hold the AGM without giving us remote access, I regard this as disgraceful and gives me another reason not to mourn the departure of Twigger.