Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Hi Fort, most of us didn't exit at 40p, which I strongly considered at the time, because we had no idea how solg management would mismanaged the company. Although the missing 4M should have been a warning sign perhaps. I held because of the belief that the asset exist, unlike arcm, and that it will be sold unless nationalised.
Welcome back theIceberg. You did well exiting in the mid 30's I think you said. I think most of us would have liked to have exited there and bought back at 10p so lucky you. That said, I can see you didn't do too well on XTR and PANR so hope you didn't go from the frying pan into the fire. Once of the toughest things to do in the markets or investng is selling up, banking the cash and then ignoring the lure and opportunities of other stocks. The market has a way of 'getting' you back when you've made a quid or two out of it.
Good to see you back. I think you'll make a few bob from a 10p entry level. Reward for your patience.
@theiceberg.
Quality.
Thank you.
Blimey, now there's an (ice)blast from the past. One of the handful of posters on here who was able to properly analyse what are had in the ground. From memory you left to stake a chunk over at XTR (I hope you sold the spikes!).
Nice to see you back here.
Talatum what on earth are you on about ? Who’s talking about insider dealing ? I’m just relieved that this looks like it’s had mouth to mouth today 😉
I think you’ve mistaken me for someone who has scruples 😂
I’ve been buying for the first time since I sold when nick was booted out. I’ve been watching the sheer idiocy of the various ceos and board members and the hypocrisy of the cgp lot (ie The warrens of this world).
I have no faith in the bod except for their greed which at this price seems like a pretty good bet - although I don’t think it will go back to the level it was when nick went.
Not much good to say but 10p is too low even accounting for the market cap and extra shares.
Novicehunter, If that happened then the directors would surely be guilty of insider dealing.
Hmmm you sound like you are from the blue half……
And in mine
Lets hope they are as good with their exit price as they appear to be with their entry price.
They may haved picked their own bottom. Yuck.
Looks like they might have timed them nicely …. That was lucky 🤔
🚀 🐌
Dare I say it 55p by Friday?
Might be due
11.04p 🚀🚀🚀🍾🍾🍾🎉🎉🎉
ONWARDS AND UPWARDS
Fort, love it when you start your 50000000 word posts, with the words
"I THINK"
I then no, there won't be one iota of fact or anything based on evidence to back it up.
So it saves me 30 minutes plowing through it
I think there are quite a few bigger players awaiting the winner of the run offs. It's not just a question of who wins as we know both are pro mining. It's more about how Ecuador comes out of it. For instance, if Correa's canidate loses, will it be accpeted and peaceful or will Correa's posse do a Donald Trump? I guess what most are keen for is a smooth transition from Lasso to the new man or lady. Furthermore, the assembly seats are crucial so any majority for either candidate has to be represented in assembly too if they are to lead with power. That all said, the reality is the winner will have just 18 monoths to prove themselves and win over future voters as Ecuador goes into elections again in early 2025. I don't think the latter will concern any buyers as exampled by the Chinese who have seen multiple presidents and governments in their time with Mirador.
So, in around 5 to 6 days we should have another major risk hurdle jumped. If the sp is around 10p levels next week then we really are open season to low balls. The risks keep diminishing yet the sp remains low. This becomes more attractive to buyers and would be partners.
Put yourself in BHP's shoes... which of the following would you do?
1. Wait until SOLG reveals PFS update in Q1 2023 and then make a move or just sit it out further awaiting someone else to make first move. This runs risk of a recovering share price and better sentiment into Q1 24.
2. Try and strike when SOLG is at it's weakest/ poor sentiment going into the AGM period. Eg... post elections...sometime in early November table a low ball offer and cite weak management, unclear direction and the usual... presenting shareholders with an offer that gives premium but also an exit from company in distress with limited funds etc etc
3. Try and create instability with shareholders and management and seek to get directors removed / resolutions voted down at AGM (they tried and failed to some extent when they last took this route).
Putting BHP aside, any other interested party must surely be thinking there is a window of opportunity right now to make a bid but obviously having election risk out of the way makes sense. We know Ecuador gov are keen to see Cascabel moving faster so I don't think SOLG are better placed than a Super major to get the remaining permits/red tape signed off. That's nonsense. I think Ecuador gov would take any steps that a super major asks of them especially if they are looking to cement their presidency ahead of Feb 2025.
Mmm.
Over to the derampers to offer up loads of negatives to everything.
Or the Steve Gerrard that tripped over the ball and threw the title away to Chelsea?
Still one of my favourite moments ever in football
As a very very LTH I have to say it's not a share for the faint hearted......hold on to your shares and good luck to us all.....especially those of us who have been here for over 10 years and are keeping tbe faith.....
Shussss novice... you'll have orphern doom reeper copper posting all day.
Hats off to the derampers and bashers... it's been a heavily weighted first half and I'd say they are leading 3-0 at the moment. Can Scott, Bob and Maxit deliver a Stevie Gerrard type second half... and secure the trophy for the bulls?
Talk across markets of Chinese about to kick off stimulus plans. This usually results in similar actions across EU/UK and US. So potentially light at end of tunnel as risk assets usually do very well in stimulated markets. Still some way to go but if rate hikes are almost done, then market will be forward thinking and start pricing in H2 24 into H1 24. And that bodes well for SOLG as we need lower interest rates and lower inflation to make the PFS shine and even then buyers will be looking toward better times ahead so likely to strike a bid in Q1 rather than wait for a better recovered SOLG in H2.
Wow could we be hitting the dizzying heights of 11p soon 🚀🚀🚀
Adikt. your 0659 post.
"Although all the right noises have been made, Ecuador must still count as being risky."
that's one of your better conclusions, no one would of thought of that.
must post, must post, must post.
I will be noticed
As a fellow poster said to me last night, it's odd that the directors were given the go-ahead to buy shares when we know various non-disclosure agreements are in place and people are accessing the data room.
It used to be the case that the Stock Exchange would, in very special circumstances, allow director purchases in a closed period, but it wasn't easy to get them to do so. I don't know if this dispensation option is still available.