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It’s probably the Canadians with the shorts ….. once they’re closed it’ll miraculously recover (or not ) ….. those buys yesterday could explain that ?
Typical low volume again and it's the AT's that are taking it down. The mind boggles why the canndian's were buying heavily (by their standards) at near 13p. Surely they could have bought via international broker and got nearer 10p with currency swings taken into account.
There was almost 750k bought yesterday at average of 12p+. Wonder whether the mm's will bother to try and align it come 2.30pm today??
Slug's too busy on the other board Jezzo, he has at least 4 profiles on the go there (only 2 here).
1984 agreed ******* stupid ….. it’s almost as if it suits them
shocking
Make that £270m and dropping
No handbrake RNS? Thick as thieves
Sure! I’ll take 1% off take for £100m
Or I’ll take the entire company, it’s whole main asset and dozens of prospects for just three times that
🤪🤪🤪🤪
It's a good lesson in smart investing ... always look to take some profits on the highs. He did well getting away a decent volume in the 40's 6 years ago.
With the bulk of the market heavily down on small cap miners, there are many opportunities out there right now and I think Irwin and a few others would happily take a lower ball offer if it came soon as they and otehrs can recycle / reinvest that money into other stocks with upside potential or fund resource projects that have yet to list.
The way SOLG management have gone about the last few weeks/months, I get the feeling that Maxit et al are getting this ready for a low ball deal. Perhaps they hope that will see BHP or another come out and counter it. But only way to get that bid war is to get the ball rolling and they are taking their time in doing that. That's been the frustration. But even if a 30p low ball offer landed, there's no guarantee it would be accepted by required % of holders. It needs to be credible otherwise BHP and co will just ignore it know it will not get voted through. A low SP suits Maxit just fine right now but ahead of AGM, it's not going suit some of the directors up for election if not all of them.
Well on a positive note at least we wont see 7's till the end of next week which is my average buy in price... will we ?😓
Good grief just when you think the most unintelligent poster on here cannot ask a more stupid question, he lowers the bar further.
In case it has escaped Slugs attention.
We raised a large sum of money for a small amount of offtake.
The answer in short is we have a tier one asset that has a value.
Lot's of ways to skin a cat.
And with Mcap now under £300m, how exactly are they going to raise the finance to build a mine?
WI on twitter: https://x.com/ItsWarrenIrwin/status/1638645942701391872?s=20
"Sold over half my SolGold shares in 2017 at 40p plus. My cost was less than 10p, so took multiples of my capital off the table. I bought real estate with the profits that has done well since then. Wish I sold all of my shares, as it has been a nightmare since then."
https://x.com/ItsWarrenIrwin/status/1651391038492413952?s=20
"It is a public company. You can sell anytime. I sold half in 2017 thankfully."
I agree on the faster bit
The market want's the company to go faster and start building.
That much is obvious.
Regarding the upcoming election, what is the thinking about impact on SOLG of whether Noboa or Gonzalez wins? I don't know either of their stances on mining although have read that both are pro-oil. From memory when the previous election happened a couple of years ago the share price shuddered a bit then recovered, I wonder what the impact could be this time, if anything. Any thoughts appreciated.
Its not about what I want, its about what the market wants. Clearly it's rejecting Scott's offerings.
Jezzoo it's true.
Nobody wants to admit it.
Everything our good friend Quady says becomes increasingly ironic as time passes.
"People on here to choosing to ignore it as it doesn't fit their world view." being a good example.
I wonder if we will have a Slugathon this weekend ?
He has communicated on every level.
Here are a few headlines, remember once communicated this stuff takes time.
We are in an open ended strategic review, the purpose of this review is to advance Cascabel.
We are going to start construction of a decline next year, probably to access high grade gold.
We have interested parties in the data room to look at becoming a partner. Read JV.
We are going for a reduced cost to get us to the first stage of production.
The financing will be staged.
What more do you want?
Copperpot was certain that we would have news in October. Maybe the call on the 29th September was the wake, and October is the actual funeral for solg if the SP falls any further.
The slide from 34p has been astonishing . . . and in August I had almost decided to return to SOLG (sic > it was unlikely to fail : how could it!). How wrong and after 12 Mather years could so easily have been a worst-ever investment. Yet many of you have stuck to it for 12 to 14 years.
The communication from Scott has been horrendous, and consistently followed by steep declines in the share price. His performance is indefensible. Surely we are paying the board enough in fees to execute their duty to guide this company with care and diligence, including monitoring executive performance.
In Canada is laughing at us
Good morning KapilD.
We have had loads of communication from the company.
People on here to choosing to ignore it as it doesn't fit their world view.
We just ticked over down 50% last 6 months.
Scott's strategy of closing down all operations, shutting off all communications and removing any time line or expectation for the release of the company's strategy, clearly hasn't paid off. Who'd have thought?
Good job you don't know what toast looks like, being a horse and all that...