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Or you could say inflation is desperately needed to reduce the debt and this is disastrous perhaps?
Which would be good for gold.
Come in softer than forecast, zero chance of more hikes and pivot to cuts soon
Market given a shot in the arm at last
You are spot on Anon3. Can't argue with that but traditionally it's always been safer to opt for the status quo rather than guessing a mega multi million takeover. It's easy to say... nothing will happen. And quite tough to call when a takeover comes. If it was easy... well.. we'd all be zillionaires.
As someone that has said a sale will come, I will say this to you... the naysayers can be right for 364 days of the year. I only have to be right for one day... I only have to be right once. They naysayers lose. I win. So it's not about the length of time... it's about whehn or IF it happens. So the default is (no sale) is always going to be correct until proven wrong.
If copper and gold puash on, lets see if it flushes out the first bid...
Theres been no hurry for the 20 in the data room up to now, but the start iof the Junior Miners and metals boom could cause their nerve to break...
Especially if XIB close their short and we plough through 10 and beyond...
Correction; Those saying the opposite have been right up to now.
Now, it's very possible that I'm imagining this. but didn't WI say we would be sold in six months?
IF so, that suggests that the company thought similar and got it wrong again or, as I suspect, he's as totally in the dark as the rest of us.
As for talk of takeovers, a simple fact. Those saying we have a sale coming have been totally wrong up to now, whereas those saying the opposite up to now.
Just a thought.
We need to break 10p...soon...and then we're off to the races...
Copper breaking out at $3.745...?
And we're through 9p as predicted...
When will one (or more) of the 20 in the data room blink...?
Ahhh that explains it! What timeframes is she using?
Hi 1984...I'm on a Twitter Board where we have a resident 'chartist'...
Quite often when he’s busy insulting everybody, the share price enjoys a rise!
Go on quadster, get back on your soap box in those mustard cords and make us all some money
Red where do you get your support and resistance levels from? Just curious because I never see the same when I look
Incidentally...SOLG closed at 9.74 in Canada last night...no movement today yet...
ANTO up 4% in the last 45 minutes...
GDXJ up 4.4%
Gold hit $1971, up from $1944 today, well through resistance...Silver up 3.3% in just 75 minutes...copper up 1.6% today and bang on resistance...
Well I've been on the buy today maybe red and I can put our shares together and get a seat on the board !
Gino, I think that the statement that there are 41 days to Christmas is the only indisputable fact that was posted on the BB today, I would not call it a low!
There have been posts of all flavours on here recently, some of them quite unsavoury, but today we have hit a new low! TWO, I repeat, TWO mentions of Xmas and its only November!
Red - I expect better of you! (lol)
Ok,,,,thanks guys
Aha...surprise surprise...the dollar is sharply down and US 10 year Treasuries sharply up as markets speculate that US interest rates have peaked following unchanged consumer price inflation...
Maybe the starter's gun has been fired...
Was doing some boring reading on Equity Risk Premium (ERP).
Interestingly, dividends and inflations are the two most stable components of equity returns, followed by earning growth which is moderately stable. What is really volatile is P/E (contraction and expansion), which is a reflection of sentiment and investor expectation.
SOLG does not have earnings or dividends being an exploration company, and so apart from inflation, which is an externality, our price is heavily driven by sentiment. When hole 5 was announced, sentiment ran really high for example. When majors decided to not invest in new mines and rather cash in the high commodity prices and pay dividends, a junior like SOLG (and many other I sadly have in my portfolio) has dropped to the bottom.
Yes we are event-driven and the price can change in a day, but overall our price is a reflection of the wider sector low appeal with investors at the moment.
As I calculated and posted some days ago, just based on sector sentiment we could be repriced to about 20p and no one could pinpoint a SOLG-specific reasons for it.
GLA
Needalife you (like slug in his various guises) throwing the word "obsessive" about is hilarious.
I'm invested here. Apparently you are not. Yet you post all day every day. About a share you are not invested in.
Time to get yourself a dictionary - the entry for "Obsessive" has a photo of you next to it.
PS - not sure why you are always so very angry on Tesla1 and 1984Investor's behalf when I out them as slug. It's got nothing to do with you. Or has it?
PPS - stop being so jealous of my trades. You only call them fantasy trades if the price goes up. When the price goes down you are laughing at my losses. Like slug, you produce a lot of posts, but the common denominator - apart from the abuse - is the low intelligence on display.
Never forget that on this board you are nothing more than one of these dafties you see in the street shouting at the buses.
Sorry subby I missed out that the CFO and the CFD both left the company following the very public failed fundraise, having recommended against it at the Board.
Zzzzzzzzzzzzzzzzzzzzzzz
Hi subby
First read my post below...for the patient this is a bargain...if we get a repeat of 2008/2010 this will multibag...
Here are my responses to the points you make:
It has in fact gone from 40p to sub 8p before bouncing
I will deal with the macro factors later, but internally it has been chronically mismanaged.
Nick Mather can't really be blamed for overhyping it becauze the SP got up over 40p at least three times.
The PFS was a high spot but things started to go wrong in 2022 after 'PFS2' was published...
It had become clear that, in declining capital markets and with inflation starting to rise rapidly, that Cascabel was unfundable for a Junior Miner such as Solgold.
But the company needed money to keep going.
Darryl Cuzubbo had been appointed CEO in late 2021 but it was the previous acting CEO, Keith Marshall who, with consummate mining experience with Rio Tinto etc who persuaded the Board of a modified mining plan.
In May 2022 SOLG appointed a competent CFO, but Cuzzubbo tried to lead a 'cashbox' fundraising, against the advice of SOLG's bankers and its CFO and Corporate Finance Director.
The fundraise failed spectacularly and the SP plummeted from 35p to under 14p in under three months.
Unfortunately this coincided with a collapse in the copper price from over $5 to under $3.20 and coincidentally a fall in the gold price from over $2000 to under $1640...
So...a perfect storm...
Since then we have had the Cornerstone 'takeover' which boded well, with SOLG ending up with 100% of Cascabel and Bob Sangha (who engineered the Wyloo takeover of Noront) very publicly saying SOLG would be sold.
The 'merger' was a disaster because of internal incompetence and took twice as long as it needed to. As a result Scott Caldwell, ex CGP, took over as CEO and he has massively simplified things. There is no drilling going on anywhere but there are 20 interested parties in the data room.
Unfortunately during the news hiatus, Berry Street went into liquidation and sold its share stake, taking SOLG from c14p to under 8p...
So I hope thagt explains things.
Meanwhile, as I was writing this, Gold is flying and copper is up sharply.
Please make your own decisions, but my wife and I have 1.4 million shares at c11p and i think that tells you what my opinion is.
Good luck
Thanks for your extensive research Subby
Rk. Your now the 78th person on here to claim to have filtered someone.
But to unfilterthem when you feel the need to respond.
Apart from the gullibles on here, do you seriously think anyone believes they were filtered in the first place.
Another favourite of aguinaga is to say, he's having trouble with lse, they keep logging him off, and when he logs back on, he reads his filtered posts.
It appears lse log him off every time I post.
Bloody hilarious.
What did I say about a truth bomb