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Sorry but this looks toast, sorry to holders in at much higher prices and under water....
I sincerely hope you're correct Fort.
Jezzoo, there is a copper shortage coming and if you read across the media you'll find plenty of super majors scratching around for copper projects. So the boom will come. But you don't want to be developing during that boom... you want to be producing. Hence, it is very much in the interests of prospective buyers, SOLG and Ecuador gov that Cascabel is sold/JV'd and producing in 2 or 3 years time minimum and I suspect the early phase (phase 1) high grade low capex approach will tick this box.
Copper and gold both down and the copper "boom" seems as far away as ever. I can't see any potential buyer being in a hurry to get their cheque book out anytime soon. Why bother when SOLG is picking up the tab for keeping this dream alive.
Kapil Dev one of the all time greatest indeed!
I wasn't in solg in 2017. However, I believe that the SP was higher than 17p then. I vaguely remember Warren saying that he sold at 50p.
This is as cheap as it's been in years and well, it just seemed daft not too.
Here's hoping I haven't made a bad choice!
I see Exxon has bid $50bln for Pioneer. That's a big deal. It's interesting as Pioneer's share price nose dived a few days ago and Exxon appears to have made a bid strike upon that weakness. For a deal of that size, it's quite refreshing to see limited insider buying as the opposite was shown in this case.
If BHP chucked in a low ball on SOLG right now at say 30p... I'm not sure Maxit or SOLG have much ammo to defend it. The best they seem to be offering shareholders is the promise of a updated lower capex PFS.
Sometimes the big boys do strike when stocks are at their weakest.
Maybe us retail investors are supposed to think this a lost cause. No big sell off from our big holders as far as I'm aware. More volume the last couple of days but still a tiny fraction of our 3billion shares traded recently. No serious buyers at this level for sure, but no big sellers either. Just a few months ago some very serious players were happy to buy in at 16p and nothing has fundamentally changed other than we are all fundamentally fed up and sick to the back teeth.
The Newmont/NCM deal has been given the go-ahead by the regulatory authorities. I wonder how long it will take them to make their intentions known?
Obviously, it won't be a priority, but I'm sure they've given it some thought.
Their decision could be have important implications for us.
Well it didn’t carry over. We are talking about how undervalued this share is when the market clearly thinks otherwise. I am going to hold on and hope like the other dreamers on here, but this is beginning to look like a lost cause.
Had the nickname since under 12s Eloro. Unfortunately my talent on the pitch couldn't live up to the great mans name!
Haha mine neither - my typing is slow after a night out last night near StPauls.
Other thing I meant to mention was he got in low - I think it was 3-4p or something like that (I don’t know the price exactly) so selling around 17p half his stock was the sensible thing to do I guess - and also why he says ‘SOLG has been good to me’ - he made a fair chunk of money out of it.
Just for balance, and while I would agree that he meant 2017, between Nov 2022 and March 2023, when the price was around 17p, there was a volume spike, so theoretically he could have been selling there.
On a personal note, with hindsight I find it interesting (and depressing) that in July 2017 someone I trusted told me I would never see again the price peak we had just experienced, but I thought it was impossible that we would not go even higher so I stayed invested. So I too feel I should have sold then. Great thing hindsight!
WI is a slippy one - I remember him in an interview way back, first time we'd peaked in the 40s and pulled back, saying that he was pretty done with Solg, that he'd made his money there. Of course he'd switched allegiances at the time (if I recall correctly, apologies if not). The question this morning is what did Canadian investors see yesterday that we don't this morning?
DG1 - thanks, appreciate the explanation. My hangover is not helping my pessimism, unsurprisingly.
Add, I hold dual British and Canadian citizenship. If you wish to get on the wrong side of a Canadian, mistake him/her for an American:)
SM, Warren did a previous interview where he specifically mentioned 2017. I will have a search over the weekend and post the link.
SharketMare - WI sold half of his stock years back and invested a big chunk in real estate - that then went on to almost double in price. When he says he wishes he sold the lot he’s referring to the journey from that point onwards (the well publicised) fall out with Nick and his his frustration with previous management over the years. He’s talking about the lost opportunity to exit in full yrs back rather than having his cash parked in SOLG . He’s not talking about the fact that we are now at 10p and as such doesn’t think we will achieve greater than 17p. He actually firmly believes Bob will get the job done. It’s the lost yrs he’s frustrated at and hence his comment ‘wish I’d sold the lot’ - just thought I’d clarify - I know I’m right on this
SM, don't they? It's common usage in the US.
Have we traded 50% ofhis holdings at 17p? How much he had in total?
I'm sorry, but no one says "at 17" when they mean "in 2017". Given that the share price is currently below 10p, I wouldn't be surprised if Irwin was claiming he took 50% of his investment out at 17p. Anyone have any idea what price he got in at?
Would be good to get clarification on this from him on Twitter as if he's stating he wished he took all his money out at 17p, and expects this to be sold in the next 6 months, there is a pretty grim outcome ahead of us reading between those lines.
Could be nothing but I recall about 750k volume a while back just before the sp got pushed down or drifted down to where we are now. Thought that looked 'insightful' cough cough but it was the higher volume selling that occured after July 2022 when clearly someone got wind of the CGP / SOLG merger plans that raised my interest in the first place. Certainly an area to watch as someone with possibly inside knowledge (imho) is trading there. Anyone know anyone that has loads of SOLG stock and is Canadian or holds SOLG on TSX. lol!
Interesting action on TSX last night …. Very unusual and all kicked off at 1pm their time with no volume prior
Something or nothing I guess ??
https://www.google.com/finance/quote/SOLG:TSE?sa=X&ved=2ahUKEwjyxaCb7eCBAxWNW0EAHarwB_oQ3ecFegQIFRAc
This is not ARS Stevie. The disappointment there is not transferable to solg. This is going to be sold, most likely to the Chinese, but if Willem is to be believed, the Saudis might be interested here too. 6 months to sell, I can wait. ARS on the other hand, Manini has dropped the ball from the Aeturnum days.
Making big losses, expenditure high, badly needs funding, is there an appetite 4 these sort of projects,
That is what I heard Warren said in the interview also Highflyigman re: selling half his position in 2017, wishing he had sold all, but expecting a sale within the next 6 months. Those words are the only glimmer of hope we have had after the recent SP carnage. If Bob hasn't got a buyer lined up after swinging his bat for 1 year, then I would have to review his reputation.
Totally agree with you on Scott KapilD! Are you a fan of cricket? Kapil Dev, one of the greatest all time Indian player of the beautiful game!