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Sid/Add ….. exactly how I see it.
Some of the seemingly unsexy news we may get (petmits,licenses, reworked IPA) may actually be the ones that unlock the whole thing …… I was bemoaning the state of the share price to “someone” last night who simply remarked that I shouldn’t be worried “it’s not like we’re selling at this price” and in fact the company is in a healthier state than it has been for years .
I guess it’s all about opinions
Sid, that's what SC meant by getting the project to 'turn-key' status.
I personally think the potential bidders are waiting for more de-risking (more permits, new mine plan and other tasks that Scott is working on) from the management. They just don't see a rush to bid while solgold is doing all these necessary hard work for them. A bid will eventually come (hopefully before the funds run out).
Yes and an extra 2 Billion shares ,
This could go lower, but im very happy to be holding just over 600K shares now, didn't think i would get the opportunity to get to that level and a nice low single figure average.
ill sit back and see what happens over the coming weeks and months , years ??
GGP valued at 100 million more than us I know which I'd rather be in!
Forte, you might be overdoing the critique about the deal making.
If no prospective buyers have shown a bid, especially at this price levels, it's either because the project is not worth it on a fundamental technical level, or because management is keen on extracting a fair value for it based on the fundamentals and no buyer is ready to acknowledge that. Eventually the price will be paid or the price will be reduced. Current share price has limited bearing on the value of that transaction if and when it happens.
Now you and everyone else can make up your minds about which one it is, however since the NM days management has been very keen to let us know which one they think it's the case, and in all the different permutations management has worked to put in place some of the building blocks necessary to eventually monetize (getting the tenements, getting the permits, getting the exploitation agreement, building community relationships, showing credible ESG credentials, engaging institutional investors, etc.).
Keeping in mind how the sector is out of fashion and all the risks associated to Ecuador, on many metrics we cannot give SOLG management a fail and certainly we cannot imagine that replacing this leadership will change the future direction a bit.
It does not mean that under the different CEOs errors were not made of course, but we need to take a more balanced view. IMHO that is of course.
GLA
Fort, you had so much to say to me of a derisory and condescending nature when I dared to question Bob and Maxit some 50-100% higher than current SP.
Is it about time you offered an apology?
Lots of them. If bubbles was here we'd be on for bucket loads of news then!
Hardly worth it. 1 share at 8p. Suppose these tracker funds have to justify their fees some how!
If the directors are confident of a deal with 20 CA's in place, then the low share price has benefited them personally, as they recently bought shares.
Unfortunately, I think Scott and Bob are trying to hide their failures and blame the SOLG share price decline on sellers like Berry Street. The reality is Scott... BOB.. Maxit... the share price has been thrown to the wolves by your inability to deliver investors any reason what-so-ever to either hold the stock, buy the stock or add to a watch list. Citing ... ermm.. think we'll do a new PFS in q1 6 months away is like opening the door to an American XL.
The share price is down here not because of Berry Street but because of Maxit's failure to deliver any kind of monetisation event. End of. And when the AGM comes... they'll find out the had way unless thye pull a rabbit out of the hat.
Mr. Caldwell also commented:
"As a dedicated long-term shareholder since 2016, I too am disappointed in our current share price even though the Company is currently in the strongest position it has ever been. It is important to note that the immaterial level of trading activity in our shares that has corresponded with a decline in our share price does not reflect the intrinsic value of our underlying assets. I firmly believe the fundamental value of our shares far exceeds their current market price, and I am fully committed, alongside the SolGold team, to ensuring a successful outcome."
Well can't say fairer than that, too much unnecessary crap and noise here from anonymous posters who clearly have no self esteem and are low on self worth... "I post therefore I exist" as the saying goes, in reality this will go for many multiples of where we are now, just make sure those shares are firmly glued into your palms, while the world is in its current state of turmoil there will be no progress might even see this drop into the 5's over the coming months, but once we start to see some level headed common sense coming back into world affairs the first place that the serious money will go is stocks like this. Might take 3 or 4 years but hey ho that is out of us poor misers hands
ONWARDS & UPWARDS!!!
'Asia stocks rose on Wednesday after China’s President Xi Jinping approved a 1 trillion yuan (£111bn) sovereign issue, fuelling hopes of the economy stabilising. '
'The International Monetary Fund and World Bank sounded the alarm over global debt levels earlier this month, warning that the US and China had put public debt on course to approach the size of the entire global economy by the end of the decade.'
The entire global economy... Thats a sobering statistic..
As well as 4365, people topping up, and 3629 people with contacts solg.
aquinaga, you make 3652 posters who have filtered me but respond to my every post.
You're dead right Fort, it doesn't stack up. Unless one of those interested parties is who is mopping up Berry's wedge?
Could be, I suppose.
Either way, it has been poorly managed.
You never know, the board may not be bothered about the SP, because the deal's all but done?
Heh, just trying to show a bit of optimism :-)
Up you pop again aquinaga,
im going to call you jack from now on..... jack in the box
your like a woman scorned, ive told you stop posting lies.
then I won't make you look a fool
then you won't have to keep popping up after my every post
I think you have, ive added another 115453, at 8.11 into my SIPP for long term hold
I don't think the mm's would need to take it into the 7's if Maxit or Bob had some buyers lined up. At end of the day, what message does it send the markets when you can't manage a minor 1% small holder exit at 8p and yet you suggest you have a buyer for 5% wedge (CGP) shares lined up and seemingly a much higher price???
Doesn't stack up does it? If you had interested parties in the 5% stock and near 16p or 17p then surely those parties would be lapping up the stock from Berry Street at 8p?
All Bob or Maxit has to do is get one of those interested parties to mop up the stock. That should have happened a week ago at the very least. It's Maxit and Bob that have dropped the ball here nothing to do with reduced liquidity or likes of Berry Street.
Based on the current fiasco and based on zero news over 12 months, I have to say Bob & Maxit's reputations are taking a serious hit. They were supposed to be deal makers? Savvy market players. Mmm. Maybe they are 'past it' now and should follow Berry Street chumps and wind things up. Leave the money deals to the new kids on the block.
The green box parrot lives! Well someone is filling my screen with green.
Shame it’s not a Norwegian Blue 🤡
Sorry all real parrots, you’re far more intelligent than that thing in the green box. #Whatswasteofalife
Roxi, if I miss understood your post. I apologise.
im just used to muppets posting and assumed wrongly
Needalife, Have i said that????, i think i said he wonders the BB , spouting desperation, check his posting history,
you will see how he operates, we have a good understanding the SP collapse is caused by a fund selling out at a loss ,
Now that is desperation
I've now counted 4,365 posters have topped up.
That's 6 more than have a contact in solg.
It's like bloody children's hour.
Good to see your still optimistic adikt.
Was your grandad the captain of the titanic
I've now counted 4,365 posters have topped up.
That's 6 more than have a contact in solg.
It's like bloody children's hour.
Good to see your still optimistic adikt.
Was your grandad the captain of the titanic
Fort.
Money players don't buy before 9 am. What time zone are you referring to.
Where do you get it from
You get more ridiculous by the day.
Roxi. So now it's Mr Adams fault were in the 7s.
Couldnt make it up.
Wake up mate, wake up
Pops in from nowhere to post this! Just like Citywatcher...
Clever dicks...or looking to get in cheaper...