Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Fort - which industry professionals told us it's a tier?
Mather - director and heavily invested.
Irwin - heavily invested.
The PFS also gave us an IRR of 19% with a payback of almost 5 years on a Capex of $2.7bn. Chunky NPV but with a sizeable discount factor for a range of reasons.
You continue to get it wrong in everything you say Fort. Maybe give it a rest. The only people who want to hear it are those who need some reassurance from Fort's big words and grand ramps. Please bring another to the table soon...
Can you blame PIs chucking in the towel? I can't.
Risk management and preservation of capital are key for PIs at all times and the SOLG SP is weakening all the time.
So yes, as little as you are I like it, £360m is where we are right here right now. Whether that's us in 12 months, a lot depends on the company.
It is what it is
Cascabel is still there and if there was some huge problem causing the drop I suspect volume would be way higher
I really hope they don’t try and place the 100m odd shares with friends …… it already smells bad .
One is trying to flog cryptos, one is claiming to be AI and the other is trying to flog everything. They are all computer driven Not one of them will have the faintest clue what this company is actually about, nor the narrative behind it. If you really want to know which firms cover this stock, look at the company web site and look at the price targets.
Bozi, you've had industry professionals telling you it's Tier1 and that it's one of the greatest copper / gold discoveries in last decade. Yet you think you know more? You know more than Franco or Mitsui too don't you Bozi?? In fact, you are so smart and ahead of them all that you sold out a while ago and have been bashing the stock every since... oh wait a minute... actually according to do you didn't. So you knew it all, saw it all coming, disbelieved the Tier1 story and decided to happily hold you stock knowing to was going to be worth alot less.
What a great investor you are? Bob will be really worried about your prowess! You have to be the biggest idiot on here.
Life must be like pi55ing in the wind for you on a daily basis!
NAL, I bought my solg shares long before I knew who Warren was, and been here long before Scott turned up. But if I were to make my decisions based on those 2 guys, that would be infinitely better than taking your advice mate when all you have done here is a poor imitation of a buzzing mosquito. Flying hither and thither with no direction nor focus. How is that deal rumour of yours going? Your happy chappy moment heh NAL.
Adikt. They appear to be summing up where we are a tad better than you.
I will rest my case on the sp being 11p based solely on the facts, that's where we are
Where will you rest your case, based on facts.
If you can be bothered to look back many years. Solg actually stated in an rns that they had a tier one discovery.
But the small print clearly stated the term their 1 was subjective
Bozi - from my earlier post:
"Certainly a lot of chickens have come home to roost from all the bad management down the years - "paddle our own canoe" and other nonsense has cost us dearly"
That's the root cause. The immediate cause is small investors throwing in the towel - just like the immediate cause of a spike to 40P is small investors rushing in blinded by greed.
Anyway, at these low volumes it's all a moot point. As I said earlier I wish we knew someone who could put in a dummy buy for 25 million shares. We'd get a better idea of where we really are then.
Are we really only worth £360,000,000 now? We won't know till someone tries to buy us for that amount.
Hilariously, you genuinely believe those web sites you referred to are expert analysts in this stock. Honestly, you couldn't make it up.
There you go again adikt. You just can't separate fact from fiction can you.
I have never said we haven't got cash to last us till June 24.
But again your showing your completely out of your depth.
We won't run upto June, till we run out.
We will have to raise long before then.
Sp 11p now. Company in mothballs. Skeleton staff, can't find a buyer. What do you think the sp will be after any cash raise.
Hence the analysts recommending STRONG SELL
Eloro - maybe there's nothing to say that can protect the share price.
Maybe we've got to accept the fact that we've invested in an asset that becomes fairly marginal in a horrible a macro environment as we have now.
It's case of everyone believing we're sat on a tier 1 because Fort and the likes have rammed it home the last 12/18 months.
In reality there's a lot more nuance.
Sean - don't blame this SP on shareholders who don't drink the kool aid on the daily. Blame it on the management of the company and their advisers.
Some of us were bemoaning this trajectory in the 20s and Scott's decision to mothball everything and just wait is really coming home to roost now.
I'm patiently waiting for the point where Warren sees his ars*. That will be worth viewing.
Subby77, lots of selling in very small volumes. This sp always sinks when there is no news, and the current situation entails no news on the horizon for months - at face value at least.
We painted ourselves into a corner by making it clear that all we want now is a sale (you can ignore any nonsense about building a mine) and in that binary situation it's either a sale or drift downwards.
For the record I'm 100% behind the strategy. It's a sale or nothing. Of course the falling sp is giving the more flighty amongst us the heebie-jeebies, but I'm hopeful that a very low share price might be the trigger for a low ball bid that sparks a bidding war. Meantime, the weaker, more easily frightened smallfry are being picked off in a slow motion treeshake.
As for the tier one asset - we must have something, otherwise why would so many trolls dedicate their lives to posting on here every day under multiple aliases?
And everything was so rosy with the CGP merger.
Fast and smart LOL.
Sorry pushed the wrong button. Was going on to say bbg. Do you not think you have lost all credibility on here, with your wild claims of multi
Country residency. Do you not think it's time to take a back seat and reflect for awhile.
Because I for one am finding it increasingly hard not to laugh at your every post
Ecuador Elections due October 15th and we know both candidates are pro mining but one of them is certainly more than pro mining... he's actually actively invested in the JV Codelco project. Talk about potential conflicts (politics and personal business etc etc) but anyway... suspect we might see a bounce soon as elections near and SOLG's RSI is on the floor... traditonally or hsitorically that doesn't linger down in the sub 20's (rsi) for very long at all.
Whether Scott feels he's done the right things or not, I think even he would be asking for Darryl's or (in past) Mather's head to be chopped if the so was sub 12p. So I think he knows he's toast unless he pulls something out of the bag. And that's 'toast' or 'goodbye' to those share options or grants as well. Bye bye to those Scott.
Bbg. Do you
Eloro. You seem like a nice fella. Don't take this the wrong way mate.
But you seem to make your investment decisions on what Caldwell, irwin and the likes of fort post.
That my friend will lead you down the adikt and padmaster path. They to base everything on what a company ceo says.
Have you ever bought a second hand car.
Adikt and padmaster are a dodgy car dealers dream customers.
Don't be suckered mate. Do your own research
It would appear that Canadian investors are equally dismayed by Scott's poor performance.
Adikt, With the sp now at 11p. It appears those fake analysts you told me about.
May all of had a point, when they all recommended STRONG SELL.
Also maybe aquanaga and all those other posters who have me on filter should rethink it.
I appear to be the only poster on here calling it correctly. And might add have been all the way down from the high 30s.
Padmaster it's interesting that you daily extol the virtues of the solg management, and write funny ditties about those who don't. Yet the sp is and has been in free fall. Makes one wonder who got it right. The ditty writer, or the ditty recipient.
Agreed Fort,
There are some interesting comments on ceo.ca, 1 I will paste here:
"My initial hypothesis is that there are always investors who have information that most do not have because there are always leaks. I bought Solg shares in March around 14.50 because I thought the company was primed to be sold quickly. First, it seems that the market thought the same thing because the price rose to 22. Then something changed and all the conference calls made by the company didn't change anything, on the contrary! WHY? First of all there was this strategic review. My understanding was that its goal was to determine what was the best option to retain in order to maximize the assets of solg in the interest of the shareholders (For example, maintaining cascabel and perhaps porvenir in a company with the aim of sell it to the highest bidders and bring the rest to another company whose shares would be distributed to the shareholders of solg). Several months have passed and it seems that my understanding was not correct because what the company said had nothing to do with what I thought. Caldwell first of all indicates that there is no fixed time limit for carrying out this strategic review which is strange, then he speaks not only of the interest of shareholders but also of stakeholders which is even stranger. Finally, he does not clearly say that Cascabel/Porvenir are for sale, he even wonders if solg should not participate in the construction of the project directly or through a JV! This is extremely dangerous and in this case the drop in price is not surprising. Another equally negative explanation which would explain Caldwell's change in language is that during the strategic review no company was interested in taking over Solg under the conditions planned by management....So, IMO nothing will change till the management bring CLARITY about their real intentions!"
Eloro, you know my thoughts on CGP and those apparent 100m shares in kitty to issue when they like and to whom they like. Too much of a nice profit maker there for them to not issue them imho.
According to Ship... Bob thinks the sp is being manipulated. Mmm!
My view on that would be ... well Bob... surely you would know what the amrket would do to the sp when you decided to kick the can into Q1 24??? So perhaps it's your own doing that has manipulated the share price lower as someone familar with markets and trends would know that a signalled.... 6 months of diddly squat would result in a pretty poor share price.
Anyway... I guess it all fits with the CGP boys clear plan to 'realign' shareholders expectations to help them secure a low ball deal and exit no matter how poor the price.
As far as I'm concerned, the asset is the same if not better than it was when we were last at 42p+. And whilst we have more shares in issue, we also have 100% ENSA as opposed to 85%.
So unless any offer starts higher than that.... forget it.
I think that's been covered a few thousand times subby77
No conclusions were drawn.
Hi guys, can anybody help me with some info please? Any particular reason why the SP has dropped so much, I thought we had a tier one asset? Why doesn’t BHP or another buy the damn thing? Thanks in advance