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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.
Bozi. agree in that GGP are heading towards production but that's always been the case and over the last couple of years or so SOLG has tended to have the superior market cap as Tier 1 mines tend to command a high value vs a minor 30% (or 35%???) of 160koz producing mine etc etc etc.
It's good to see the interest return to GGP as think it shows that investors value 30%+ stakes in 160koz mines as £400m+. Not sure what that means for SOLG's 26moz of gold... nevermind the silver and Copper but guess it's all about the orphan period and production period in mining.
Tnx Ortho,
But even then, one can argue it will be the same situation like now. That is the same game (theory) set up unless Solg is banckrupt in which case it is another game.
Apologies for the dumb question, but can someone more informed clarify what does the "% short" value represent? The 0.50% from XIB is 0.50% of what exactly, total issuance or something else?
Metoooo,
Because the more this management continue on this path, the more value destruction takes place…. The longer any suitor leaves it, the more desperate Solg become.. They will be more desperate in the new year when he CEO and others are voted out in December, and the question of funding, to be able to continue, becomes more pressing… why should they bid now if they will clearly be more desperate early next year.
Fort - SOLG certainly oversold.
However, what you're seeing with GGP is their stock being better insulated to the harsh reality of the markets.
Let's be honest, SOLG have took the mick out of investors for years now and it's coming home to roost.
Gold bugs clearly like the prospects at GGP more right now. Can't say I blame them.
Why no one is putting even a low bill bid for solg? Many will say because others will jump in with a higher bid, so no one wants to be a first mover with a low bid. In theory, we will be always in this situation unless someone comes with a non competing offer. But if someone is willing to do so why he is not doing it?
There are some signs of bottoming out there amongst some miners. GGP has jumped from 5.7p levels to 7.7p today and that's over just a few days. SOLG tends to lag GGP but historically tends to have higher market cap due to Tier 1 asset as you'd expect.
GGP Market cap now £380m. SOLG market cap just over £260m. If SOLG was around 12.5p right now then that would be level pegging cap wise with GGP.
So SOLG way oversold or GGP overbought.
SOLG will bounce but management thus far have done zilch to stem the fall - director buys welcome but shareholders need good news and perhaps management are keen to release that after the seller is cleared rather than let them benefit? Mmm. Short term pain for longer term gain.
Red, something to think about.
Have you considered that this is not a decent sized holder selling down and it maybe XIB adding to their short of even a new short ?
Red, if that was aimed at me, dead right I'd be adding. This is falling by 3-4% a day with nothing to stop it until big, proper news.
Yes, I'm holding and have done for 13 years or more, thanks. I don't trade this anywhere near as much as you do though, hence don't need to ramp or deramp. I just comment on things as I see and my opinion says this is going down more.
Nearly 2.1 mil shares and holding strong rk, I have every confidence. Still I'm a high performer and if the value of my business was less than halved in 12 months I'd be taking a kicking from my investors. I expect the same level of performance from companies I invest in so there's no harm in marking their card, especially now. They need to raise their game or December is going to be tough. Its straightforward as that. C
Would you seriously be adding to your short at 8.65?
SOLG isn't going bust...
There are "several" parties in the data room...
BHP, Newmont and Jiangxi aren't selling...
Its impossible to catch a falling knife but after today I'm at 11.3p and have no need to sell...
Nice of you to drop in occasionally to deramp...are you holding SOLG or are you looking for a lower entry...
https://twitter.com/cjkyte/status/1716490706607394879?t=1pcsslpuwpezwpzvpvogww&s=19
like, and contribute to this thread. no ****3r from solg reads this bb so if you want to contribute to letting scott know he needs to get his finger out of his harris then pile on.
I cant think of a single reason why anyone would choose to vote for Twigger.... every one of them needs firing!
All those points are relevant to SOLG...
At this rate China will corner the global EV market...
Agreed OTC, they're in for a tough time in December but there's still time yet and the pressure is on.
Currently the treasury shares wont raise enough to cover Scotts expenses
"XIB still haven't closed their short either and you'd think now is the best time for them."
Seriously? If I was them I'd be adding to it. It can't have escaped your attention that this is tanking with another late 3 mill trade as well as another 2.5 mill gone through?
I've got dry powder for whe XIB f00k 0ff as for me that's the bottom. Surely they're need to sell the treasury shares before they raise?
So again.. I would really like someone from Solgold to point to what they have to show after burning through the 50 million Osisko funding? Where did it go? what did that funding achieve.. Every one of them needs firing.
I understand that Fort... but focus will have to move to fund raising before June... or we end up in another scenario that Darryl put us in.. down to the wire and desperate for funding..
It would be poor, very poor management indeed, if our board had its head in the sand and hoped the funding would just appear.. It needs to be in place well before June. So we only really have a matter of months.... and that will pass before we know it.
Orpherncopper,
What fund raising is required in the 'near future'?
According to Scott and BoD's, SOLG have enough cash through to June 24.
That's not 'near future' so on that basis, I'd say your fears are justified.. but at pesent is is NOT a 'real concern'.
Alot can happen in the next 1 to 9 months that material change the course of SOLG's financial demands.
But come March 24... if nothing has happened and share price is still in the sub 10's, then yes... forward thought on funding ahead of June 30th would become a concern.
We have a seller at the moment and they are selling at whatever price they can get by looks of it. Heavy handed stuff and possibly a fund or player out there with liquidity issues. Shanta Gold had a similar issue when they had Odey / Brook as a forced seller due to Crispen's personal issues.
What is odd is why Maxit haven't found a buyer for this loose stock as mm's don't look like they are that confident holding stock in SOLG at the moment. XIB still haven't closed their short either and you'd think now is the best time for them.
About the price per lb in case of M&A, if only we obtained an average 0.08 / 0.09, we would be in the 70p thereabouts.
At at the 0.03 we paid for Cornerstone we would be worth 25p, general sentiment and some corporate progress allowing.