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Hi Quady, I guess it's a possibility, but not something I'm willing to risk and be a part of. If I had an average sub 5p as you do I'd be more willing to ride it out and see. Best of luck.
Completely agree Add. I get that a good few are getting despondent but the fact still remain this world class asset is up for sale and we've got a man on it. Scott staying on with other exec's will be part of the deal to manage Cascabel into the next phase. Nothing I've read today ( thanks for sharing IT ) has changed my option, however I recognise I could well be wrong. C
Q, obviously you can see the contradiction. I believe it's possible to 'advance casacabel' without having any intention of building a mine. Earlier today I referred to this as 'prettying up' the asset prior to sale.
Good evening SharketMare.
Thank you for posting the link .
You are quite right on two occasions he says we are not mine builders.
However in the early part he talks about advancing Cascabel.
This can be done by Solgold by buying in the Civil engineering expertise and constructing Alpala, as I have said on more than one occasion.
I think we all need to await the strategic review, as something is happening and as shareholders we need to understand what.
You state:- “ I don’t care what happens to this stock as I’m not or ever will be invested in this share ” So if your not invested in Solg what the h£ll are you doing posting on here?!!!!
I have other investments and never post on their BB’s and certainly it would never in a million years cross my mind to post on the board of a stock I’m not invested in! So what’s your game posting on here? Is it just a game to you? Troll might be an apt description for you!
AgArCu- concur with everything you’ve said.
Glad someone has a grip.
Sharketmare - wish I had the balls to pull the handle but I’ll leave it a little longer until the dust settles.
An interesting catalyst for the terminal decline of Solg will be when Newmont arrives and makes a decision to bail from Solg in Ecuador.
God help us all of the environmentalist’s take over in august. Game over I guess.
I'll try again...
"Oh no red knight did you not read the script ? This will more than double tomorrow following a blockbuster RNS that will blow the bloody doors off 😂"
Have a good evening all
Always the same. Someone tries to inject some realism to the discussion and fort goes off on one. He defaults to telling people they are not invested, and should sell up. Riddle me that one... I assume he wants people to sell so he can add to his imaginary holding? Or so that he can ramp uncontested? Who knows, but he's one angry little tiddler.
These boards are hilarious when someone posts an opposing view, to the rampers, out come the insults.
I don’t care what happens to this stock as I’m not or ever will be invested in this share mainly because where there licences are held.
However I read the boards frequently and ortherncopper seems a genuine poster and then there are those like fortissimo and red knight etc who have obviously over leveraged their positions and defend their ramping to the hilt.
Seriously take off the rose tinted spectacles and stop hurling insults around
True, you are entitled to spout whatever you like. And you usually do.... in a negative way. I do wonder why you even bother visiting this BB anymore as you clearly have such a poor view of SOLG that you couldn't possibly be invested. No one in their right mind would be invested in SOLG based on your mandrake and views of the company.
So why you still hanging around like a musky old sock?
Fort, you can’t fact check an opinion..
The nature of the recent 'discussion' (I use the word advisedly) on this bb is by no means unique.
Whenever a share is roaring away, everyone loves each other. The management walk on water and all the talk is of yachts, holiday homes and new wives. The moment things look a little less clement, everyone's at each other's throat, the company is hopeless, the CEO should be shot and the game is over. This happens without fail -GGP is the latest example where the bb has descended into farce...as has this one.
The only conceivable advice is to sell-up and look for another company to deliver your new Ferrari.
Ortherncopper, you at it again?? Just making it up as you go along old boy.
Lets take your recent nonsense FACT CHECK IT.....
"It feels like the little guys has been shafted" WHY?? What exactly has happened or changed since we acquired 100% ENSA and the royalty deal to fully fund for 12months+ as the little guy most certainly has been protected. What's changed then??
Next up... "My guess is any decent price rise from here, as a result of whatever reason, will probably see a stampede to exit".
WHY?? The next decent price rise might well be the precursor to the big ONE... you know... the one where Tier1 global asset gets sold?
And last one
"If Red and Bubble, the staunch £1 plus cheerleaders were willing to exit circa 17p it doesn’t bode well."
Seriously ... you are getting desperate now. No offence to Bubble but he's not exactly Irwin or Bob or BHP is he? As for red knight... forget it. Zero importance.
Let me know of Bob, Irwin and co are selling up and I might pay attention but citing two numpties from a BB as a benchmark for boding well or not... oh dear... scraping barrel again Orphencopper. And guess what.... you are still a SOLG holder lol!
You really couldn't make it up.... or well... you just have and continually do!
JG1, that's true of every company. Crap management = uninvestable company.
Sorry hit submit by accident - this share is no longer an investment but gambling in Solgold mgmt having competence
The more I read the messages below from fellow investors or payers of Solgold mgmt salaries - last year's 42-43p was the best exit price we were ever going to get and we should have sold and invested elsewhere - not nice to write this or read but I believe most would sell out at 42p now - mgmt promise gold or is it fools gold
They knew the SP would never hit £1, surely. Red may be a fantasist (city worker who doesn't understand A trades and gets excited about Christmas day trading in Canada? I think not, my friend....), and bubble is a simpleton (literally just the same 4 rampy catchphrases on repeat, trying to get attention from those he admires), but both knew in their heart of hearts that no one was going to pay £2.5-3bn for the licence holder at cascabel. Fort can scream 'tier 1' until he is blue in the face but a plot of jungle in an unstable jurisdiction isn't worth more than £1bn of anyone's money, eg 33p a share. Imagine trying to explain that you'd bought a dodgy PFS for £3bn to your shareholders?! You might as well tell them you've bought some magic beans...
Well I’m keeping mine ….. so conversely that must bode well?
Truth is it’ll take as long as it takes but someone will pay for what we have one day ….. if you don’t believe that you might as well pack up because the alternative ( production) is suicide
It feels like the little guy has already been shafted… and is now sat twitching nervously about getting it again and just wants out..
My guess is any decent price rise from here, as a result of whatever reason, will probably see a stampede to exit, meaning any rise will probably be very short lived.
If Red and Bubble, the staunch £1 plus cheerleaders were willing to exit circa 17p it doesn’t bode well.
There are different ways to make the price move upwards again, some based on fundamentals, some based on sentiment and expectation. Either way, the price is the price and that is the only thing that will eventually trigger a decision to buy, sell, hold or do nothing.
Now, on the fundamental level, I think it's not correct to state that there is a lack of meaningful action, the company has stated that it is reorganizing itself around more focussed priorities, advancing Cascabel (see SC's comments about negotiating with government for example and exploring various financing options) and with more disciplined cost management. This takes some time and it's made of many day to day activities that don't justify an RNS. OF course we could be sold just BS on these fronts and the reality might be that they are only cutting cost to survive longer while they look to negotiate a sale who knows really...
On the sentiment level, it's low and will likely stay low unless something fundamentally changes, we had too many false dawns and there is justifiable cynicism.
On the expectation level, that's where we tend to disagree. Each of us projects a view of the future based on one interpretation or another, and possibly on our individual aspirations.
All in all, too little known in reality and too much time to think about it all. Not a nice time, made worse by some posters.
GLA
*bored
I think the 'recommends' for my 'antagonistic' post probably just serve to highlight how totally board with Fort's ridiculous ramping other posters are. The man would claim going into administration as evidence of an imminent improvement in fortunes!
As I say, I'm genuinely pleased if realism is starting to set in for fort and others. Even rampy red is claiming to have sold some (fictitious) shares. It might lead to some actual discussion ahead of this year's AGM, as we seek to hoover up the tiny crumbs of information left behind by whoever is lead file at solg at the time, and work out which resolutions to support in order that the little guy doesn't get completely shafted.
Mind you, by then, the rampers will be back on full thrust and claiming there's megatons of jam tomorrow, if we just support their candidates
Guy who sets out a path for medium term development - 1 recommend
Guy who is antagonistic in pointing out a shift from a short term resolution - 5 recommends.
SolGold has really become so polarising. This has been caused by the persistent pressure from Cornerstone and their associates along with the complete lack of meaningful action from Solgold.
The possible non-event that is the strategic view isn't really helping either but this boils down to a band of shareholders who want out at the next possible juncture, so much so that some have taken exits or partial exits at a depressed price in the open market.
For what it's worth I don't mind Fort's plan, even if I'd question some of the figures. It would probably need an up front debt finance and an offtake to get even Porvenir moving, not to mention an exploitation licence and the other permits as necessary. Unfortunately, Ecuador seems to be on a par with the UK where beauracracy is concerned.
Thanks novice. Said I was met with a torrent of abuse. NEVER EVER SAID IT BOTHERED ME.
THERE YOU GO AGAIN. READING WHAT YOU WANT TO READ. NOT WHAT WAS SAID.
Anything to impress the big boys, a mate. SAD
I Wrote it in capitals for you, hopefully for you to understand.
Zero risk, Fort? Are you sure about that? Care to take another swing?! Utter tosh, with rampy maths thrown in for good measure. Who is this joker?
I do like how you've subtlety changed your tune though. Would be better if you were upfront about it, but still good to see you letting go of the 'imminent sale' rubbish you were spouting earlier in the year. And your talk of how they could be brought to production almost sounds like Quady.
Do you now finally conceed that I was right, and that solg won't be bought out any time soon, because there is no buyer? Or do I have to wait for Jan 1st 2024 for you to admit it?
Amateur.