The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Used car prices slumped 4.2% in October, yet another massive red flag that the economy is heading for meltdown
We’re heading into the eye of the storm but great times ahead after the civil uprising.
Hold tight and buy more if you kept some powder dry
NAL - " Trouble is, it would only leave me. "
Google search The Dunning Kruger Effect to perfectly encapsulate your solipsism.
" More money than I can spend in my autumn years ".
.... and " What's the point of being rich, if you don't know what to do with it...... coz you're so bleedin' thick "
NAL. Speak for yourself and your fantasy world. Re Italia......
I already posted proof pictures of my area. I can do it again within a few minutes. Brand new, timestamped photos of Toscana, Italy, right now, on a throwaway email address for you to download. Pity the last time I did it, you lot didn't even bother checking!
Meanwhile, I would love to see some shots of your Aussie palace.
Sharket. It's probably for the best
Kat, it will indeed be good to expose the bs artists.
Especially those who claim to live in Italy.
Or those who claim to live on a farm in Ireland, or one fella who lives in the UK, Italy and Australia.
I would imagine if this board was hit with a truth bomb, you would lose 75% of the clowns.
Then hit it with a gullible bomb, you would lose another 24.99%.
Trouble is, it would only leave me.
I knew I shouldn't have bothered.
See you when we have news to digest.
As a liberty-minded gal, I hate the impending idea of Digital Passports in order to access and interact with the 'Net.
But, every cloud has a silver lining, and the UK and globalist idea that they will be mandatory will be a real eye-opener.
I know that we will all be shocked, titillated and angered when we get to find out the real identities of many of those who post on sites like this.
In reality, it will be ( not the death ) but the rebirth of sites like this as the manipulators and BS artists are exposed.
In the meantime, watch the magician's hands closely.
Another utube video sharket.
There are other ways to research before you invest your pocket money
What would bring a buzzing cloud of opportunists out of the woodwork ?
My experience of the City and the investment community tells me it is not for the benefit of humanity.
The human community is rife with conspiracy and plot. ( that Ukraine has been winning the war with Rus has been a corker for the last 18 months, now at last being renounced as the fantasists slowly tiptoe away from their lies ) Putin apologist my arrse, just clever enough to see through the lies and BS.
COVID fascists are now strangely silent or even asking for mercy and forgiveness ( and the vast majority of the obliging masses who were so easily herded into the cattle trucks of COVID slavishness are now just silent and pretending that it never happened ...... Oh let's just MOO...oooove on ). Again, not caught out by that and a proud Pureblood.
Something similar happening here in SOLG, as an approved narrative is created, soon to be abandoned when certain insider aims have been achieved and the prestige ( the third act in a magic trick btw ) is revealed.
Never look where the magician is pointing.
Market has been poor this year so there would be some decline in sp with or without the CGP boys in control... that's about as fair as I can get. Recently a few in sctor have bounced and stayed well above lows. That bodes well but has yet to feed through to SOLG which lets face it is hardly surprising based on management delivering zilch over 12months apart from a $50m reduction in cash pile!
As I've said before, I'd like to think Bob, Maxit and Scott are all smart enough and experienced enough to know the consequences of going into an AGM empty handed after 12 months. They are not fools. So either they have something up their sleeves or they really don't and they are bigger fools than I thought possible.
The BerryStreet Capital fiasco was a classic example of Maxit asleep at the wheel. Any decent advisor would have got BSC matched with a buyer in no time. Instead Maxit and Bob did zero, let the sp crash and then the directors filled their boots with some nice cheap shares. That's about the rub of it.
At least Mather and past management exhibited some level of interest in keeping the sp supported. But without exploration - there's little to get excited about and there lies the problem. SOLG have become (under this management team) a company that is not a developer or pretending to develop, and now hailed as an outright explorer that is actually no longer exploring.
That's a pretty poor message to send to the market and heads need to roll. Scott being CEO has carry can for creating a zombie company that offers shareholders very little apart from some waffle of Q1 slimmed down phased PFS.
Poor very poor.
😂😂😂 another great day at the ranch the only way is up love to all
Onwards and upwards 👆
Apologies if I missed this (it's 1 month old) but have people watched this?
https://www.youtube.com/watch?v=C0EyNSrj0DU
Caldwell reminds me a bit of Donald Trump minus the bigotry in the way he talks. He makes fair points but they're pretty unstructured and unscripted. It's a style of sorts I guess.
Notable lack of any mention whatsoever of Porvenir or the extensive land package we hold. Focused only on Cascabel and the ESG related efforts in and around the area.
The video aside, Caldwell has done his best to manage expectations and timelines since he took the job. He was clearly p*ssed off that the merger took longer than he'd expected to complete. But he did deliver the exploitation agreement earlier than he'd suggested. I wonder if this new 'phased approach', i.e. PFS 3 might appear sooner than expected (before the AGM) in attempt to bolster the share price and win over wavering PIs. In the September presentation it reads "Goal: Study completed by Q1". I've been working on the assumption of by the end of Q1, but given they aren't doing much else (and presumably have outsourced this work?) is it not reasonable to expect this sooner?
At the very least I hope we get news of the revised IPA, or some sort of in-depth operational update on exploration permits, tailings sites, geotechnical work - all listed as part of the de-risking Cascabel process. It seems almost beyond belief that we hear nothing in between now and being asked to vote management back in, which I will be doing as there is no other alternative at the moment.
I take some solace in the fact that long term investors like Norges Bank are holding on to their shares here. The company has long stopped behaving like one that plans on being around when Cascabel is finally mined, which is why I don't foresee any institutions looking to put their hands in their pockets even at these lowly levels.
It feels like this is being juiced for 10% here and there by traders at the moment.
Those are events, you mention after the fact, not facts.
You know no more than anyone else, unless.........
I hear you Fort,
I am equally disappointed with the lack of any positive shareholder value outcomes. Instead, all we've had is total annihilation of the SP with no apparent assurance from the BOD that they are whatever they are working on is going according to plan.
But, I will vote for Scott so that he can finish what he started.
Kat as usual your post is delusional.
There is much evidence to prove the basher right.
Ex ceo, sacked
Millions gone missing.
New cfo in the job a week, resigned when she looked at the books.
Sp Nose dived from 50p to 8p
Company mothballed
Mass redundancies
No apparent direction
Running out of money
Constantly mismanaged. And misled. 12 majors sniffing round, 6 years ago, a good example
Poor communication to share holders, except of course eloro.
Despite altering the plans 3 times, it's clearly still to expensive to get out of the ground
Blackrock selling up and running to the hills
No evidence of a single buyer on the horizon
And clearly solg can't find a French translate,
The evidence is endless.
Orthern.
How can reality set in, when the likes of elero tell us constantly their intouch with bob on an almost daily email.
He told us again twice yesterday.
It appears the more his posts go unchallenged, the more outrageous he gets
Not sure if that was aimed at me, Kat (or if it was meant to be funny?). I wouldn't describe myself as a basher, but I have some pretty compelling evidence that fort is a FoS idiot. That evidence: the last 12 months of me being right and him being (very predictably) wrong.
Perhaps things are really the opposite of what they seem. Fort has dona an Anakin Skywalker and gone over to the Dark Side, and these naysayers are really the Rebels come to save us from our own enthusiasm. However, the bashers don't have any more evidence to back up their POV than the rampers, so it's all just a Tweedledee vs Tweedledum S**Tshow.
Fort, do you remember the below? It hasn't aged well, has it? Happy to admit you were wrong and I was right? People here are tired of your brainless, near constant guessing, with an obvious ramping bent. Give it up, please- you've been wrong for years, under this name and other previous ones. You have zero credibility.
Stackhigh, I'm afraid you are peddling the same narrative as many others have done on here and the negative slant or 'there is no takeover' etc etc is par for the course. There will always be naysayers and there will always be bullish supporters. There's nothing wrong with balance on these BB's and you're welcome to take a longer term view but that doesn't make it correct or any more valid than bullish commentary. You have no evidence to support the fact that a takeover will not be coming before Dec 2023. None. But there is evidence out there right now and over the last year that super majors are on the hunt for acquisitions. RIO bought Turquoise hill back after floating it (derisked). BHP after Oz Minerals. Noront and Wyloo. Tesla in discussions with Glencore over a 20% stake. The list goes on. All the stars are aligned for SOLG right now and ripe for a takeover. Ironically, if the sp was in the 45p+ levels then it might not be such a great takeover target. But at 17p, it's a terrific opportunity for some buyers out there to make a low ball and work up from there. Norges, Blackrock and quite a few others were buying in large chunks at levels near 35p recently. Nothing has changed since then apart from the fact that we are now funded, have 100% ENSA and CGP on board which secures AGM issues in favour of the business. SOLG are in better shape now than they were back in the 35p days. In fact, with PFS2 and Porvenir Pea plus Strategic review news due all within the next 7 weeks or so, what's not to like???
The one thing you seem to be missing is that a takeover is within SOLG's control. They can trigger the 'game' when they like. All Mather and CGP have to do is have an entity /consortium like Maxit, Gina, Wyloo, Sunstone etc etc pitch an offer at 50p+ and then watch what unfolds. It's easy to trigger the sale... but the time has to be right and we are nearing that time but still have a few loose ends like the AGM resolutions to sort out and the merger of course.
It's coming alright and don't worry about apologising or holding up your hand etc as your alias will be long gone by then.
IMO the reason they don’t have any JV deals in place is because they don’t want one ….. just a sale
Eloro,
Where's the grass root deals? Where's the exploration? You've got likes of Barrick and others scrambling around to get a bit land in Ecuador and SOLG have a folio that costs a mint to just hold and yet they can't get a deal away to see some exploration underway which is paid for through JV structure or earn in's?
I expected some kind of grass root deal or regional plans/drills to be lined up now. They have been at it for over 2 years now!
Having 153m shares is one thing. Having the business accumen to get some deals underway is another.
Lasso leaves in 2 weeks and I though SOLG were expecting to get last of the red tap signed before Noboa begins?
The nearer we get to AGM with zero news the more bearish it looks for this current management team.
I hear you Fort,
And I did voice my concerns to Bob regarding the fact that shareholders value has been decimated when Scott had promised to build shareholders value.
He confirmed that with 153m shares he is motivated to get a better outcome for us.
The main reason I decided to stick with Scott is because we don't have a slate of qualified individuals to replace the current BOD if we vote them out.
I think Warren held because he expected a sale and I think that he didn't expect it to take so long given the talk of copper deficit. I know that he is as frustrated as we are. See Add's recent post re his communication with Warren. He remains bullish.
I'm certainly more bearish on Scott, Bob and Maxit et al as they've delivered zero and are offering zero going forwards. I was willing to give them 12months. I expected them to deliver 'something' in that time... they haven't. So yes bearish on those tools but not bearish on SOLG's assets at all.
Irwin said recently that he would be selling up if he heard an 'explorer' was suddenly trying to be a developer. The trouble is, what Irwin also failed to say was what he would do if an 'explorer' suddenly became a moth ball and no longer explored??
Mmm... and that's the issue here. At end of the day... cash burn important yet we still burn through $50m with ease. So isn't it about time Bob Maxit et all got some deals done that don't involve ENSA. If that's Q1 24 etc etc then that's fine. But to suggest nothing happening inbetween for 6months + is diabolical for an explorer! Just get soe regionals deal done, jv or farm out etc and get some reduced interests and some exciting drills underway. Then we all have something to chew on while Bob and Maxit tinker around with ENSA and 20 x interested parties.
I'm not bearish on SOLG at all. The asset are fab. I'm bearish on the failing management and see no reason to vote them in for another 12 months at all.
That's bottom line. They ahve had their chance. Lets gets some fresh faces in and get some exploration underway.
Eloro - sorry wasn't saying Fort had sold. It's his business if he has.
It was just a bit of a running joke as he was on record numerous times accusing me.
I hear that he wants Scott to deliver. We all do. And I belive he should be given one more year from this AGM.
Today's report by Argonaut a nice independent reminder of what we have.
DBW, At these levels, all anyone can do really is try to lower their average... if they choose to... I wont add to my holding here any more... Maybe if it drops to 5-6p levels I will reconsider.... until then, I've already accepted that for me, Its a bottom drawer share, until the day it isnt.
I don't know what point novice made