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Because they want sellers and not buyers. Simple as that. This is a fishing expedition imho to snaffle the over leveraged trader or pi. Someone is seriously testing the liquidity.
Also, byt seeing some LTH's pushed out or exit, they gain new holders at 9p which will be delighted with a 30p offer even 18p offer as still 100% gains. You have a period now whereby you are seeing new punters come in and they have a different target price in mind.
Can't help think it suits Maxit... makes their task much easier if more interested parties involved as offer price lower.
Don't want to sell in any size, Viz my price but also don't want to see seller's...defensive...hardly surprising...
5.5% why??
Cheers Qali...top bloke.
Good luck RK.
150k...had to pay average 9.77 in 3x 50k tranches.
GLA from Promenade des Anglaise Nice...
If there was even the slightest hint of any bid... the share price would not be 9p.
A raise I can actually believe..
Scotts much claimed 30-25 million in the bank, from the CGP shares, was in my opinion how he intended to pay the 25 million up front fee to the Ecuadorians... not some mysterious benefactor, waiting in the wings...
Well its now a fraction of that, so Solg are going to need funds..
Companies can't put out announcements every time the sp either goes up or down, but it seems to me this recent collapse deserves something more than Scott simply saying he's 'disappointed' by the sp.
Start 27/30p then others join the bidding war which could price up to around fair value at 50p plus.
Brokers notes offer prices much higher than this
Solg....not SG......damn predictive text
...........lol.
When I mentioned them around 4 months ago. SG will eventually come good ut please ty of patience is still required!
Good luck to the good guys.
Slug is on the other board telling anyone that will listen that there is a placing at 7p - 10p imminent (he deramps under 4 different profiles there). Crazy times. I'm happy buying at these levels, I was always jealous of you guys who had got in here in single figures.
What's a low ball offer figure Qali
Hopefully with the large AT buys appearing we may just have found a support level.
I agree that someone at SOLG should be putting an RNS out first thing Monday.
I entered SOlG at 5p about 10 years ago -got to 45p buying on the way up and now back to this terrible price.
I really do believe that a major shareholder will make an initial bid.
But after conformation of the election.
Both candidates pro mining.
May the best candidate win.
0.1% of the total number of shares in issue traded. More buys than sells and down 9%. Go figure!
Come on then Scott and co. Lets see you make some director buys then now you are out for the results closure period. What's stopping you now??
Lets see some NEDS buys some stock then?? Come on SOLG management... show you are believers!!
Even the green lines arent appearing any more apart from the odd one or two... even they seem to be ducking into the shadows now. All eyes on that XIB short. Surely they'll be closing that soon?
That said, mm's not taking large orders and having to do 50k blocks to get 300k. Something really doesn't feel normal about this at all.
In theory... those 100m shares Scott kept bleating on about are becoming pointless at these levels. Might pay for the concessions next year and that's it. He's dropped the ball big time. Only question now ... what have they got up the sleeve to get this moving again? Cash pile was $32m end of Sept I believe. Likely to be $20m or lower by end of the year.
Fast and smart right guys
fast and something anyway
Gu there is absolutely no reason for the fall in commercial terms.
Caldwell ran GGP so he is no mug.
He knows junior explorers.
Nick is still around.
The fall has to stop at some stage soon and a sniff of a turnaround the the buyers will be back.
No one wants to miss out after being in for so many years.
Taste it is next Thursday.
Correct Qali. It’s about to start
You cant beat the Algos when a big big player wants it down.
As I see it Solg with £34million in the bank aint going nowhere.
No statement from Solg leads me to believe that the next big piece of action is that one of the major holders will make an initial low ball offer followed by Jianxi who will in my opinion be the only company who will pay whatever to take this to production.
Just have to suck up the pain.
And by the way Sean -and I do like your posts- I can tell you Tesla is DEFINATELY NOT SLUG.
He is a very very good friend of mine and 100% you are barking up the wrong tree with him.
He means no harm but just dislikes ramping for the sake of ramping.
...and I have messaged Nick as well, in the old days he was gracious enough to respond when I asked him about SOLG.
What email are people using to contact these value destructing virgins?
At least there is a taste to look forward to!
They are probably caught between the devil and the deep blue sea. They should have issued an rns earlier this week to calm the market !
Thank you for that. What concerns me is if an II takes a decision to dump this on Monday am then we will see freefall.