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Just had an email. Fmg just announced another dollar a share divi.
Just thought I would remind the keyboard experts,
That they're is more shares out there than solg.
Only seems like yesterday I got my last 1 dollar divi.
Oh and did I tell you, I bought at $2 around 2005, got my first divi 5 years later, and the latest sp is around $20.
BBg, Can you remind me where we are with solg, and how many years we've waited now.
This board has a lot to answer for, with it's negative posts, causing the sp to collapse
Maybe if the posters who provided such evidence weren’t routinely banned, you’d have it to call back on?
BBG, are you going to admit your error?
Tesla 1 - explain to me what you mean by leverage? My shares were bought with cash in my bank and I will be planning to buy another £20k next week.
Are you Polly reincarnated...
Whatever the company, as soon as the share price comes under pressure people on these boards start talking about manipulation. You could set you watch by it. No evidence is ever provided and yet somehow it enters the narrative until such time as the price recovers - at which point it's conveniently forgotten.
And don't forget the mysterious 'short' taken out on SOLG albeit 0.5% but still accounts for 15m shares. I say mysterious because it arrived around the same time as Maxit taking on a wedge / SOLG placing. No harm in hedging your bets lol if it was them. But that short was taken out around 18p/19p levels I believe but interesting to see it hasn't been closed out even with sp in the 12's.
At present it looks like a planned sale in Q1 24 with one last nest feathering event before the grand reveal.
Unfortunately all very legal.
Exactly then place the 100m with the Canadians for peanuts before miraculously announcing a bid
Interesting theory Fort. I think it was shipright who commented that the board are aware that the share price is being manipulated
Perhaps that’s because they’re doing it!
“ I mentioned a while ago that I thought the CGP guys thought of those 100m shares as theirs still. I genuinely think they do. So there's another 3% holding there waiting to be pocketed but under the guise of 'we need more cash' which of course becomes more valid when we hit Q1 24 (surprise surprise) as our cash pile is set to diminish to near zero by the time we hit July 24.”
So it pays them to keep the SP strangled?
Look, the reality is the CGP boys want out and due to the size of holdings like Bob's/Maxit's etc they need a monetisation event as they can't sell into the market as demand not there. Same applies to Mather and other larger shareholders. The only way they get value is to exit via a deal. That's why all believe a 'sale' of some sort the best course of action. Scott is not interested in generating spikes in the sp so Redknight or a few others who like trading the stock benefit or have opportunities. It's not Scott's job to deliver traders opportunities. It's Scott's job to get the business in the right shape to deliver an asset sale. End of.
What I don't like is the fact that the CGP have actually increased their stake in SOLG through the merger and subsequent placings. They've effectively made it more rewarding to the to accept a lower share price offer. Should they issue 100m shares to their buddies in the future at 13p or 14p etc then they further benefit and can accept an even lower offer and still be much better off than before. Meanwhile... other shareholders are diluted. Granted... all can buy more stock at these prices in the open market but not in a large quantity. Likely 1m shares max before the order book moves up a few pennies and so on.
I mentioned a while ago that I though the CGP guys thought of those 100m shares as theirs still. I genuinely think they do. So there's another 3% holding there waiting to be pocketed but under the guise of 'we need more cash' which of course becomes more valid when we hit Q1 24 (surprise surprise) as our cash pile is set to diminish to near zero by the time we hit July 24.
So everything looking just sweet as a nut for the CGP boys. That's why the AGM is an event of importance where shareholders can take control and vote accordingly. Send a message.
Solg sat in the mid forties with majors buying in and the only way the share price seemed to be heading was up.
Some people on here were expecting £2 a share and most wouldn’t say that was out of the question. I was hoping somewhere north of £1 and that seemed very achievable. Since then broker forecast have dropped and the longstanding 70p target gone.
Solg would need to quadruple in price just to get back to where we were a few years back and though we know it’s a valuable asset it appears when the wishful thinking is ignored, and the rose tinted spectacles removed, to be, for whatever reason, a bit of a dud.
Well Add, if the current SP is a demonstration of Scott's caring for the SP, I would hate to see what happens if he does stop caring. He has deep pockets and can carry on buying continuously. Not everyone can. I think folks who used leverage to buy solg SP might not share your optimistic appraisal of Scott. I didn't use leverage. I accept what you said about corporate stability, but I would not use SP future performance as justification to keep Scott. Not long to go to AGM.
They don't need more opions... the insiders have 100m shares they can place when it suits them and to who they like
Incidentally, if we're asked to approve a new options programme, it won't get my vote. And I don't care who the beneficiaries are.
DM, fair point, I'd forgotten about the options. He's got even more reasons to deliver value.
Can see this around the low 11's
Let's see.
Eloro, share price stability/appreciation comes from corporate stability. And I disagree that he doesn't care about the sp - he has 19million reasons why he does.
Of course tinyray... you're playing an absolute blinder today, wish I was as smart !
And best of luck with getting in soon couldn't happen to a nicer person 😉
Bottom line is... Scott can update the market with the 'plan' and prove to shareholders that waiting to Q1 24 will be worth it. That's easy to do. Let shareholders judge him on what he tables. As I said... not much will be gained or delivered to a PFS in the period from Jan to March. Those 12 weeks will not make a jot of difference. They might fine tune things but not in a massive way. So lets have your plan outline before the AGM please Scott and then we can judge whether it's worth voting for you. I'm more than happy to vote against Scott on basis that Mather steps back in as he achieved more thah Scott... that's for sure and that includes with the drill bit. Exploration is much needed and I can't believe there isn't a partner out there willing to fund the exploration costs for a % interest in very hard to get ecuadorian turf.
🤡
I'll leave you to it.
Unless I buy back in at some point.
GLA
BTW - skint should've listened to me and sold @ 37p but let's just say I'm pleased he didn't. Thankfully solg was good to me and I traded it continuously till I had nothing left hence my posts came to a complete stop.
Shocked to see it at these levels though.
No doubt my stalker is responding as I only have him on filter.
Might get back in ..
Good luck all.
Hi massive nice to see an old big investor back and hope you are well ? The way I see it is that the final plans are being implemented and negotiations are clearly ongoing as we have all the necessary agreements in place as posted in earlier RNS announcements
Hope this turns out great for you I know it will be for the majority here especially those that bought in under 10p others who bought in around the 20p plus levels well the jury is out
ONWARDS AND UPWARDS
BBG you misunderstood Add. He is saying that at this point it would be madness to replace Scott. I don't see that as a deramp. I would argue against the impact removing would have on the SP. That is not valid. The SP is trash with him, and I expect it to continue to slide with him because he isn't actively defending the SP. Corporate stability, yes. SP Stability, no. Scott doesnt care about the SP.