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1984 Investor, I guess you can put nothing past the logical reason for this short on our share! Funny old world this is! maxit might very well be planning to do exceptionally well here! We WILL be sold!
Anon yes I do. I see things on L2 but I also see some hard facts
The short isn’t closed. Had you opened one where they did for that amount, how much exactly would you want before you thought that’s the bottom?
Agree regarding lack of news and marketing but it has to be deliberate. What are the chances of getting so many useless incompetent CEOs in a row?
It suits Maxit to screw those last shares as cheap as possible. A deal has probably been done with the eventual owner to share them out
My only (slight) consolation at this continued diving of the share price, is that I always suspected that such a thing would happen ahead of a bid. These things do happen and then a big rerate takes place upon the initial bid and subsequent bids. Cold comfort though - and that’s even if a bid really is coming??
As has so often been the case, things are as clear as the thickest of mud for SolGold shareholders and uncertainty rules ok. Shouldn’t be like this !
1984, so you think this is being manipulatede too?
I don't believe that for one minute.
A shorter selling a bundle, chronic lack of interest, hence miniscule volume, no news, while the company bleeds cash with an obvious raise coming, plus not the slightest hint of a sale = falling SP.
It's as simple as that for me.
Maybe the current board should have done more to encourage people to buy then?!
If they’re voted out it won’t drop, it’ll rise because the game will be up for Maxit. They won’t be getting the issue at 8p they want
Why's that? Please explain why Solgold is 'in big trouble' if the share price falls below 8p.
Its a very simple equation...
This won't go up until people start buying...and/or the short closes...
But it WILL go down if the Board/CEO are voted out...just watch...
An extract from this article...
https://seekingalpha.com/news/4042935-copper-drops-as-dollar-strengthens-panama-mine-suspended?mailingid=33572568&messageid=2900&serial=33572568.3092&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=33572568.3092
"Research shows that individual investors collectively underperform the market, because their decisions are often driven by emotions."
Do you mean SOLG , or Solgold share price , that's a big difference. Patience required.
Down might be seen as a bit of a negative.
Just my opinion
🗣️💩 again
40% AT today and of that 7.6% was uncrossing trades
Relentless incorrect rubbish from the silly old man
Massive kn*b, starting on me now are you?
My post didn't state much agreed, but it makes more sense than you constantly having your lover's tiff and ruining the board.
Don't worry, you needn't bother trying to hassle me like you do Novice, because I won't be reading your utter tripe.
Filtered, for the obsessed lunatic that you are.
70% Autotrades today...shocking and pointless...
Out of c£250k of trades they account for less than half the value...and less than some people hold on here...
But the simple fact is that even though theres minimal PI/Institutional selling, theres no buying either...
As I said...one trade of 829k shares by a PI a few days ago, triggered a 10% rise in the shares in minutes...
Just think what a determined institution could do...but there no liquidity...
When you have 62 people filtered you have to ask yourself if you are 'reading the room' correctly.
redknight's posts recently have been ridiculous, often factually-incorrect, and bordering on worrying. I hope if this comes good he can get the care and attention he needs.
I'm no longer interested in seeing the self-obsessed garbage he posts. Filtered.
Exactly what it is....orchestrated, RK! Low volume makes it even more plausible - no need to notify as it wouldn't even dent their stake...who is it!
50% AT and 50% not
He’s wrong again. Literally everything he posts is incorrect. Wouldn’t want him on my pub quiz team he’s as much use as a concrete parachute (not to mention just as boring as Quady)
Unfortunately gold (down 6% today)
Copper down 3%
Silver down 6%
Have all been hammered down this afternoon...
Easy picking for Autobots when theres no buying...
Just a reminder for those who may be mindlessly haranguing me...I hve 62 people filtered...
I CAN'T HEAR YOU...
Heartbreaking ARAOK...but look at the p***poor volume...mainly Autotrades...
Would it be the same braggart who used to boast about owning a Mercedes AMG but had to chop it in for some jap c.rap family runabout such are his losses?
Price to the close - is there another polite word for decimated. They can't even issue a speeding ticket....come on (shouting aloud)!
Cheers Mrprt
Braggart: A person who boasts about their achievements or possessions.
Now I wonder, who is it on this BB who boasts incessantly about their solg share holding, their wife's share holding, and the lofty positions they once held in the world?
An entire header ? Really?
Idiot
Thats a very fair post Eish and the most relevant fact is that gold has almost no inherent value, although it is often used as a counter or support to currencies.
I think its beyond doubt that there is an inverse correlation between the POG and the dollar.
But nevertheless, as stats show, tyhe demand for gold, in the last few years especially by Sovereign countries, has outweighed the supply, mainly because the majors have lazily or complacently largely not bothered to replenish their reserves as they rapidly deplete.
It is reliably estimated that there is only 16 years gold left. That number will drop rapidly if the dollar collapses as China holds sway against the FED Balance sheet (which has gone from 9 trillion to 30 trillion since 2008...)
And then theres copper...
"A copper deficit is set to inundate global markets — and one analyst predicts the shortfall could potentially extend throughout the rest of the decade."
So what will happen?
What always happens eventually is that the majors buy up Junior Miners which have done all the hard slog to identify, drill and prove up new resources, but in many cases do not has the wherewithal to build and mine them. (Sound familiar...?)
We are coming to the end of one of the longest Bear Markets in Junior Mining in history (since 2010)...but Junior Miners indexes are rising sharply and M&A activity is starting to pick up...
So the bad news is that SOLG has been on the end of:
A 13 year Bear Market;
A Bear market in metals and minerals
The highest inflation for 33 years
Darryl's disatrous failed cash raise and
Berry Street's forced liquidation.
The good news is that Scott has slashed cash burn and we have plenty to survive
PFS3 is on the horizon
There are 20 companies in the data room
FIVE have done comprehensive site visits and at least one was "excited by what they saw..."
And gold, copper, silver, Junior Miners and especially gold miners have broken out into the start of a new bull market...just at the right time for any bidders to be sharpening their pencils.
We may have lost out by the incompetent mess in completeing the merger (NOT Scott's fault) and gthe other negative factors, but meanwhile the value of our resource has increased by tens of billions...