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Red needs sectioning, what's he on?
Are “raw fact” true facts or just Red raw facts that might or might not be true.
Sorry couldn’t resist!
Have a good weekend all, well apart from the green box 🦜
Of course you did Red….
Like I said until you post an actual screenshot nobody believes you.
Also why feel the need to tell everyone when you have bought anyway? Nobody with any reasonable level of wealth does that..
Although it’s currently a loss on that fantasy stock purchase!
The S&P 500 has it’s best week since January but Solgold is where you put your fantasy trade ….seriously
Apologies...forget that...London Stock Exchange official page showing as completely wrong live quote!
Have a good weekend...
Instant profit...9.53...hoping for a strong close to the week...
On Bloomberg talking about the equity market rallying into Xmas, led by metals and minerals...
That would be a great present...
Oops...broke a promise...just bought another 100,000 for Mrs Red at 9.18...
i’m not buying that red! chin up soon have a v12 monster on the drive to replace your virtue signalling ****pot
Fort making fun of another ramper's ramping?
Pot calling the kettle stupid. About time they turned on each other though - their baseless rambling has alienated most other posters here, who only chip in to shoot down their latest crackpot nonsense. Except those deeply underwater, who cling to their BS like it's a door in the drink at the end of Titanic!
Bid getting smashed down now... just at same time bananas spiked. Possible correlation due to Ecuador connection??
Just noticed the bid just dropped after you stuck me on filter!
Oh no... doesn't bode well. Quick unfilter me and see if the bid goes up!?
Smart move red.
ATB
Cheers mate but my change to a hybrid was based on climate change...currently averaging over 1,000 mpg...
Relax red! Things will look very different soon here and you might be able to afford a merc again
Sorry Colonel...your arrogant disdain means I am filtering you for the first time ever.
Bye
My dog farted just about the same time as the bid/ask popping on SOLG today. Shall I correlate that?
A crow just crapped on my DB11... just before SOLG spiked...
I think I've opened the bb up to abuse now. Sorry!
I think you need to take a breather. You are correlating a £15k trade with PoG's move through $2000oz on a company that has a £260m+ market cap?
Sorry red, i'm not sure what on earth you are on about?
You've been told they are working toward a lower Capex (by Scott) so it enables a phased approach and more interested parties to participate in potential fund talks. Some interested parties just can't make $2bln capex work. So to get more interested folk in the room... the lower capex plans make sense. But ultimately it may well result in a larger player gazumping and taking the lot on and doing their own pfs based on deeper pockets and better scale.
Colonel...the ASK went from 9.15 to 9.90 precisely when Gold spiked over $2,000...on ZERO trades...
Immediately after, somebody paid 9.5694 for 207,235 shares when the previous trade was a SALE of 75,000 shares at 9.12p...
I know one swallo doesn't make a summer, but watch SOLG establish a new uptrend when gold establishes itself above $2,000...especially if copper remains above $3.70...
Question for Redknight.
If the share price of Solgold is related to the price of gold.
Then why was gold under 2,000 dollars an ounce and Solgold was 46 pence a share . That's five times more on the share price meaning a gold equivalent would be around 10,000 dollars an ounce.
Redknight talking rubbish again.
Colonel...what you have posted is your OPINION what I posted was the raw facts.
So please substantiate the following opinions, 3 months before PFS2 and about which you nothing, other than the assumptions in PFS2, so...
"$1850 "will be used for gold (BTW that gives a Gross Value of $144.3 BILLION for 78million ounces of gold equivalent
Why do they "need to get capex down to $1bln..."
And why do they need "an IRR of above 25%+ for a 5 to 6 year mine life phase one project. Ideally nearer 30%..."
I would be grateful for your detailed recalculation of the PFS, otherwise you might as well use a wet finger...
Let me repeat...an exact equivalent of the Lumina deal would give us $2.3 billion and we wouldn't need to justify any debt or equity funding...
It certainly doesn't correlate with the copper price and my 'opinion' is that we would have been more like 7p but for the spike in gold over the last 10 days...but thats an opinion...
Give over Tesla, there isn’t anybody who posts on these forums who thinks that their posts will influence the share price in a way way. They just have opinions either long or short
Red, you can't align every movement in SOLG's sp with Gold just because of the timing. SOLG's shareprice is at levels whereby we have seen greater than normal volume, more volatility driven by liquidity and it's pretty much expected to see more pronounced moves when at multi year lows and off back of a 1.5% holder dumping stock heavy handed.
The volume today looks weak compared to past days so my guess on why the Ask moved higher and the bid gradually nudge up is likely down to off book deal or something that will get printed in after hours. Watch out for a large trade printed at 9.5p level or higher. being Friday... the mm's might print it early in normal trading hours or they might print it on Monday.. they have 2 to 3 days to post large trades based on LSE rules. Just a hunch of course...!
If I may, during its history, SOLGs share price has been correlated to gold, at some point I calculated up to 0.84 correl.
Right now, as Fort said, there is no correlation. For the last 12 months I calculated 0.003 correl.
I think we just need to accept that the corporate events are just creating a medium term stress on the share price. Or not accept and sell that is.
GLA.
Red, I'm not knocking your reference to gold in terms of value/SOLG resources, I'm just saying the market doesn't correlate direct to SOLG and understandable as BoD's have not given market any insight into how they are going to fund and extract it along with timelines. Even by the time SOLG gets 100koz out, PoG could be $1300oz again. Or conversely it could be $3000oz.
If they released a downsized PFS tomorrow, they would have to use PoG benchmark pricing which is considerably lower than $2000oz. I think they could gain 10% uplift and go with $1850oz and that might offset the inflation data feeds but it's still nigh impossible to get a sensible read when you have interest rates at 5%+.
They need to get capex down to $1bln... for phase 1 mine plan....and deliver an IRR of above 25%+ for a 5 to 6 year mine life phase one project. Ideally nearer 30%. PoG price helps but merely as an offset for rising prices elsewhere.