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Sjn, I just had a look at the latest report and accounts and can't find any reference to a loan against our shares. It's not even mentioned as a post balance sheet event. Do you know which page it was on? There hasn't been an announcement on ASX either, which I'm guessing would be necessary. Of course, I may have missed the relevant section in the report.
They do have a loan against Atlantic shares and have ceded control of the relevant number of shares.
Hi, nal.
I'm afraid we can't contact copperpots references.
His first one was found to be his mate, adikt, unfortunately he's incarcinated with redknight so can't use him.
His other 3 references don't seem to exist, wonder if you can throw some light on a contact number for them.
Pinochio
Walter mitty
Billy liar.
All the best nal
Scotty
To be fair DGR is who came to mind when I was thinking about the possibility of a forced seller
Sjn. Yet another with a source.
Please tell me I miss read it.
Could even be DGR selling. I got it from a source that they were down to only a few million Atlantic Lithium shares a few months ago and in their annual report they took out a 600K quid loan out of London secured against 15 million Solgold shares that the lender now has the title to. Since then the value of the collateral would have plunged and the lender may be selling Solgold shares if the loan agreement had been breached. DGR is down at 2.5c and may need to come up with cash to fund their oil and gas play next month AJQ that they have agreed to support. AJQ has been approached about a takeover by a chinese mob and so maybe they Chinese group will provide AJQ funding but I wouldn't rule out DGR being a seller at these low depressed prices to defend their stake in AJQ. We may find out when they issue their quarterly report in the next few weeks.
As mentioned a while ago there are few funds with about 10m or so shares who may be sellers. Doesn't take more than a heavy hand in a weak market to cause disruption pre AGM.
Blackrock had about 5.5% last year or thereabouts. They sold the lot and caused or were party to the sp slide from high 20's to 17's. I don't have a problem with that... they can exit when they like etc. However... according to morningstar data Blackrock still held onto 16m shares. Question... why hold on to them ? We know they have holdings in BHP and Chinese firms interested or associated with SOLG. Not unusual for one of the world's largest market players.
But what if they held those 16m shares with the intent purpose on selling the 'heavy handed' ahead of the AGM to cause disruption and bad feeling / poor sentiment etc etc??
At en dof the day... no fund manager chucks stock into a weak market without knowing they will crash the price. Most play by the rules and do not abuse their 'weights' or power to move shareprice. MM's try and match buyer and seller and provide an orderly market for stocks.
So whoever the seller is... and don't get me wrong... they may well be close to being fully cleared and as such as just dumping the tail of their holding befor month end. But it's been done late October... when it could have been done earlier. It's being done in a way that drops the sp when most would try and do it gradually and gain a higher price.
We'll find out new morningstar data next Tuesday so will be interesting to see who's been selling and who's been buying that stock... because someone is soaking up those large blocks albeit at a cheaper than cheap price.
Come on now dave stop trolling.
Don't worry you will get 7p soon
What is the CEO doing whilst Solg goes down with out a fight. This would never have happened under N M
On this day in the year 64 Nero played the fiddle while Rome burnt. The CEO is playing golf
I was hoping to pick some more 8p shares up today, maybe later then?
Bozi... scrap my comment on GGP re production nearing. I think SOLG look more likely to be producing before GGP by looks of it. Ouch!
No offence Fort but you do talk garbage and have done so with all of your predictions to date.
GLA
To right novice.
I've just received this update on the positions solg are trying to fill.
Hi NAL,
Unfortunately adikt has had to withdraw his application.
Apparently he was visiting redknight in the asylum, and was overheard saying I'm doing a good job, and solg are on track.
The doctors decided he was a bigger basket case than rk, he was placed in a straight jacket immediately, and thrown in a padded cell.
I've also been told there's a fellow on solg who has trekked Ecuador, and has visited cascabel. Can you ask him to contact us. Because it's been so long since we've been there, we've forgotten where it is.
Unfortunately quady is out of the reckoning aswell. It appears he's not a chess master, but he plays a mean game of tiddly winks, so no credibility.
Also fort turned us down. He's redesigning the universe, he thinks he can do a better job than god.
But luckily we've still got to interview copperpot.
What a cv that man has. We're just checking his references.
I will keep you informed.
Scotty
Https://news.mongabay.com/2023/10/investing-in-the-pan-amazon-how-chinas-investment-operates/
I've said for a while that I think Maxit are behind the IXB short as it coincided with their fund raise and royalty deal timing wise. At end of the day, nothing wrong with some arbitrage as everyone has right to manage risk. Might be unrelated but lets face it... out of all the shorters or arbitrage players in the world of global markets, we just happen to have one that is Canadian based... same as Maxit and ironically just a few doors down. Mmm.
Bozi... scrap my comment on GGP re production nearing. I think SOLG look more likely to be producing before GGP by looks of it. Ouch!
Https://latam-investor.com/2023/10/the-challenges-facing-ecuadors-new-president-daniel-noboa/
Well at least they have replied nal which is a positive in itself ! Here’s hoping the fall in price is arrested today
TheItalian, if they are double dealing you won't find any connections.
RodneyT, if that's true that's quite eye opening.
Opposite sides pi ssing in the same pot, perhaps?
They probably meet up in the same coffee shop all the time.
I have been researching for some link between Xib and Solg or Maxit, other than the address I have not yet found anything, anyone else can see some personal connections?
TheItalian, seeing as noone else has replied, I've always seen it as the % of total shares and don't really see why it would be anything else.
Just bobbing this to the top of the BB for the morning. Contributing
here on LSE will not get the attention of Solg as this shi73 bulletin board does not get the attention of Solg, but @'ing them on Twitter will so contribute to this thread on a propper platform like twitter...
https://twitter.com/cjkyte/status/1716490706607394879?t=1pcsslpuwpezwpzvpvogww&s=19
C.
More late trades reported. So we had the intraday 2.5m block go through. Then after hours we get 2.5m block (looks like the matching trade eg buyer or seller on the earlier 2.5m block. Then we get a juicy 3m block put through after hours.
Total of 14.8m traded today and at least 8m of that in just 3 deals.
Blackrock had about 16m shares left, so might be them. Or could be a handful of fund managers with holdings in the 10m to 15m level. All other large holders appear unmoved. What on earth must the chinese or norges be thinking right now? 8p?? They were buying in the high teens. Norges we buying heavily when price was early 30's.
It’s also about jurisdiction and stability..
XIB's address is 200 Bay Street Toronto. Maxit Capital's address is 181 Bay Street Toronto.
XIB's address is 200 Bay Street Toronto. Maxit Capital are at 181 Bay Street Toronto.