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Cinsta71. Your post.
"Having seen the area and spoken to locals all are aware of it and dare I say it excited. I even met one lady who owned land in the adjoining village and she said everyone in the community was onboard. This tailings piece I think is more key than we think."
You have just taken top spot on the leader board
Second place is a tie between bbg and copperpot.
But aquinaga is still in the running along with quady
Adikt, really mate, just re read your post.
"If you really want to know which firms cover this stock, look at the company web site and look at the price targets."
It clearly shows how gullible you are.
If its on the company web site it's true, and if Caldwell says it we have to believe it.
Think about what your saying adikt.
What else do you think the company web site and ceo would say. Do you think it maybe prudent to occasionally look elsewhere for the inspiration for your posts
Delusional, desperate, blinkered vision, in denial.
gullible, in over your depth.
The list is endless
Its could be called a rollercoaster ride , but unfortunately there are no ups. Seems to a log flume at the moment...
I’m looking to load at load low tens again. This is sheer manipulation on tint volume and no real change in fundamentals
Who’d have thought another chance would present itself this low after the black swan scamdemic opportunity?
Support at 10 for obvious reasons
Yes, I remember that 10p very well Fort and kicked myself for a good while for not buying then. Mind you, things seemed a lot more dire then and as much as I might sound all doom and gloom, I'm a lot more laid back of late. Not only have I watched this take a shafting today, I've also taken a good hiding with HUM. Then again though, I'll be quicker to add to my position there because of it's really high SP volatility.
Whereas I think we're now waiting for something major to move the needle here, like that JV or a spin off. Or preferably an offer, of course.
Hopefully I'm just being overly downbeat.
Anon3,
There's several key news events expected during or leading up to Q1 24 period so I don't think it's going to be silence from SOLG for 6 months. There's gov approvals, news on Tailings DAM site and then potentially a more exciting RNS telling us all about a exploration spin off or JV deal on a number of exploration targets... that's my assumption there.
Even a simple headline ststaing that we've farmed out or JV'd 6 licence blocks of high priority to FMG or Barrick would have many getting excited again and that's got sweet FA to do with ENSA.
At this juncture, I can only assume that Bob/Maxit as smart as they are must have foreseen this market drift on zero news. Therefore... for them to allow it means it serves a purpose. Quite frankly, I think it's absurd as tactics go but then I'm not Maxit or Bob and have not secure or dealt in multi-billion dollar deals.
Scott and co know the damage of 'over promising' and under delivering as they lambasted SOLG/Mather for it many moons ago.
But here we are with the CGP exactly in same position... promised fast and smart and instead we've got slow and stupid as some posters have assumed. Only time will tell and simply because the sp is 11p today and not 18p is not something that has to be definitive or suddenly an omen of the future. The share price has been 10p before and weeks or months later 42p. So opportunities beckon for some and squeezes for other more leveraged punters. The latter can force share prices lower than they should go through being forced sellers. The market takes no prisoners.
Rather than just looking inwards at Solgold, which is hard given the sad sp, but look what’s happening in South America. China has signed many agreements with these countries including Ecuador, a few weeks ago they signed agreements with Venezuela. They are definitely settling in there because there is so much distrust with the USA, USA keeps defaulting on promises made to some of the countries which has left the door open to China, China keeps selling off USA treasury bonds, which has been happening for some years, other countries now doing the same, China now buying gold instead of holding these bonds, ridiculous amounts of tons if you research it.
Now China which is part of BRICS is dealing with the original gang and just had more join them like UAE, IRAN etc, oil rich countries who will back their financial dealings with gold as security, no false treasury notes like the USA’s which are in a poor state.
I’m confident that China is here looking at the vast reserves, South America is a fruit basket for them, personally, I’m quietly confident it will be China who takes Solgold on.
IMO of course, atb
If it's down to waiting for political certainty, I'd suggest we're in serious trouble and if that was the only reason, I'd be very worried.
That apart, I was chomping at the bit to top up today, but forced myself to hold back. I can't see anything other than this continuing to fall now, purely because there's nothing to help keep it up.
I personally have zero faith in Cauldwell and think we made a major mistake in getting rid of NM (yes, Quady, I know he walked, but he basically had no alternative, imo) go. At least he had some character about him, love or loathe him.
There's nowt worse than a company that has nothing to say, but that's exactly what we've got now, whereas the company always managed to maintain interest previously. The consistently high number of posts showed that.
Which again leads me to ask myself "how long can a company get away with doing basically nothing?".
Good point about Codelco. I do agree that current management interests are aligned with ours. Chucking the baby out with the bathwater seems kneejerk.
Could be a deal is already done and SC is treading water until post election when things move full steam ahead so share price is inconsequential. Maybe wishful thinking on my part as this is 80% of my portfolio.
Having seen the area and spoken to locals all are aware of it and dare I say it excited. I even met one lady who owned land in the adjoining village and she said everyone in the community was onboard. This tailings piece I think is more key than we think.
The revised PFS logical but why need it if you already have a bid? Could that bid be conditional on us doing this study? Who knows. Ultimately still bullish but we all need and deserve answers.
Also that FT leak - zero since on those interested parties...seems we get crumbs. Roll on 15th!
SharketMare, I think we crossed posts there but clearly thinking alike.
After 15th... no excuses though and to be honest... both ar epro mining so risk already reduced drastically from the Perez threat days.
That said... one of the candidates might want a toe in the water before deals get signe dover cough cough... he's already invested in Codelco's mine. Mmm.
Yes it is possible there have been no sincere interests in a sale or JV.. of it is.
All the talk has only ever been hints at potential interest… Just like any estate agent will tell you there has been lots of interest recently… in the house that has been for sale for 2 years….. simply because someone glanced at its picture on the wall in the office while they were looking for something else…..
Someone signing an NDA to access the data room, can be spoken of as strong interest in our asset…. However signing an NDA Is relatively meaningless… doesn’t mean any offer will be made.
I have no doubts lots have signed it, and looked at the data… after all Solgold have said there were multiple parties doing due diligence for JVs almost 2 years ago. the question is why no one ever commits.. what do they see? That we don’t?
I wonder what qualification criteria there are, if any are needed, to get that data… one could suppose as shareholders we should also have access to it…
Anon3, the only plausible excuse for potential delays and any buyers being a little hesitant may well be down to the recent Ecuadorian political debacles. Lets face it... buying SOLG or lining SOLG shareholders with loads of cash is just one transaction for any buyer that then commits them to much bigger transactions... 2 or 3 times the size. So buy SOLG for £2bln (just a conservative figure based on broker estimates - that ones for you DM)... and then it's another £2.5bln+ before production begins. Mmm! That's big money. But the bulk of it comes after the shareholder payout... hence whoever buys SOLG or ENSA becomes a long term partner to Ecuador. So in fairness, you wouldn't chuck £2bln down when you don't know much about your future Ecuador gov. Ironically what makes this a tad bit worse is that any newly elected president is going to have under 18months in power before the next election. So in theory... they have 16 months to prove themselves before voters go again. Hence it might be in 'political' interests to see a monster size (the biggest mine in Ecuador's history) approved and fully funded by Chinese or BHP etc announced by the new man or lady in power. 1000's of jobs created. Great PR and great result leading into the next elections etc etc etc. So lets all just take a breath and realise that there might be greater powers at work here. Post October 15th... the winner and new President might well be keen to sign the remaining red tape and bask in glory of biggest mining deal in Ecuador's history.
Apols for the typos... long day
Ortherncopper, you have described Scott exactly as how I perceived him. He doesn't inspire confidence. He doesn't know how to protect the SP, hence shareholders value. The man comes across like NAL's twin brother.
Ortherncopper, you have described Scott exactly as how I perceived him. He doesn't inspire confidence. He doesn't know how to protect the SP, hence shareholders value. The comes across like NAL's twin brother.
In mitigation.. Scott has also said that at least some of the interested parties are concerned about the political risk in Ecuador. So whilst the two remaining candidates for President are both pro mining, perhaps buyers are want the election done and dusted and SOLG to do as much of the derisking as possible before making a move.
Also worth remember that in early 2025, so approx 12 months after we release PFS #3, Ecuador will be going to the polls again...
Oh, I should probably just say that I do still believe in the company.
It's just that something doesn't smell right to me.
I know that these things don't happen quickly, but how long have we been told there's people in the data room and all that carp?
(and I don't follow the news and comment here everyday) is why has the company never just come out and said it's up for sale and plain and simple, just invite offers?
Is it even remotely possible that nobody has even shown any sign of interest up to now? That doesn't make sense to me, but I keep wondering that if noone has made an offer yet, what needs to change until someone does?
Every man and his dog has been talking about the need for resources, especially copper, for years, after all.
Totally disagree Fort. You're showing scant disregard for the dynamics in play here.
As bad as everything is right now in terms of the markets and the lack of short term catalysts for share price growth and the associated vulnerability this can bring, the one huge plus that SOLG has going for it is the set up and alignment of key individuals.
By that I mean Scott holding his millions of shares, I mean Mather holding his and DGRs, Bob and Irwin holding chunks for themselves and clients.
If this dynamic collapsed then SOLG would be a bargepole stock even with the asset.
The asset only carries you so far. It's not the be all and end all like some suggest. Ecuador government could get cheesed off tomorrow and take the licences back from us. Yes, whilst they'd likely be breaking an agreement or two and would be on shaky ground, SOLG would need considerable resources to get a result in court.
But I digress. The point I'm making is that SOLG are stacked with individuals who stand to lose a lot if they don't get this over the line. Compare that to HZM where the management are nowhere close to being as well invested. Watch what happens there in the coming weeks and ask if an aligned management team let's it happen. Clue, it doesn't.
Sidestepping Maxit now achieves nothing. It's 12 months too late for that. The moment they decided to pull chairs around the table and agreed to coalesce was the time to forget any rebellious turns. The same reasons why you wouldn't pot Scott at the AGM. It's futile.
The horse has been chosen. You either back it or you jump off and sell, but all notions of the company pulling alternative strokes is a hideous take.
The first thing a PR company would do is ask the business to provide a copy of its corporate strategy. It would then build a communications strategy that enables/helps the business to deliver the business strategy. SOLG are currently unable to present a coherent business strategy (it's under review indefinitely) which is in part why our comms is such a sh*tshow.
Totally agree Fort.
Solgold should not have to hire PR and communication agencies… we should just have a CEO who is capable and able to communicate during interviews and presentations, without sounding like a poorly trained used car salesman, fumbling around for generic niceties that don’t answer the questions being asked…
He is being paid 200k a year to just be a caretaker until it’s all over… a well paid useful idiot if you like… the very least I’d expect is an ability to project and promote..
I thought Chris Stackhouse actually came across quite well during the presentation. When asked a question, or to give clarity, he answered in a capable way with actual information that was pertinent to what was asked… a high bar indeed..
It highlighted Scott’s poor level of ability to confidently address issues that were asked… instead we got the kind of fluffed responses I’d expect from a low level junior politician.. just speaking in the most general terms, keep repeating the same anecdotes about being able to walk to the office, or mentioning a new phased approach… even if that is not what was asked… and always coming across as shifty…
The market hears talk of aiming for a release/update around Q1 2024… and due to Solgolds track record, probably automatically assume that means MAYBE Q2…
What can our board point to if asked how they spent the 50 million Osisko money? What a waste…
Even the 16p Jianxi bought in at… at a market discount at the time… seems like a long way back now.. what a waste.
Scrat - I think the easiest way fowards would be to sidetrack the likes of Maxit and their hideous fees. Sack citi. Sack the entire board. Ditch all the useless hang ons like Twigger and co. Then stock ENSA or SOLG as a whole on EBAY... auction it with no reserve and lets see who's playing silly bu99ers then.
Job done!
Sometimes you just have to stop playing games and just get it done.
Get the auction ball rolling SOLG as those 100m CGP SOLG shares are not going to buy you more than 2 or 3 months of additional cash at this rate when you were intimating that you might get at least 7 months worth.
The only one saving grace is that the way the last Ecuador gov red tape deal was signed suggests there's $25m coming from someone else as first down payment to Gov is never going to come out of those 100m shares.
So just tell us who it is Scott? Coz you obviously told the Ecuador gov who it was.
Nick Mather wasn't voted out.
He stepped down.
Whilst not selling the rump of my holding I’m glad now I trimmed my exposure. This is now very annoying. An endless strategic review is ridiculous, the board is there to be strategic as their day job, so not an event. I’d put up with the idea simply because when the brakes come off, some auditable basis for a recommendation to shareholders is needed. But the sp harm is now getting out of hand. Agree with the comments about a PR company although frankly a listing on eBay would do me. Buy it now £2Bn.