Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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"if the sr hasn't delivered anything of note before 31 dec 23 they will have been at it for a year whilst doing relatively little else apart from letting people go."
and getting paid via salaries and free shares too, bozi. imo there is no way they can justify not providing an update on the sr before h1 is out. as stated the other day i think we will get news that they are "in discussions with interested parties" with scant little else, buying themselves a few more months to get a deal done.
but we have to be prepared for the scenario that covgaz alludes to whereby we see an rns stating that the talks didn't bear any fruit or the potential offers didn't reflect the true value of the business. at which point in absence of a robust and credible plan b about the way forwards, the share price will tank.
it's a **** or bust play now and people should manage their positions accordingly. upside is potentially massive, but the downside could be very painful too.
p.s. this website has gone to sh*t after the updates - sort it out lse
That's a matter of perspective Add.
A hypothetical question.
If the SR hasn't delivered anything of note before 31 Dec 23 they will have been at it for a year whilst doing relatively little else apart from letting people go.
Who becomes the mis-management team then?
Mather who produced the Cascabel discovery, 3 MREs to derisk the deposit, a PEA plus a deposit at Porvenir.
Cazzubbo who was in position for a year, producing a PFS for Cascabel and a satellite discovery at Tandy.
Or
Caldwell and Maxit who will spend a year talking to Citi, talking to major shareholders and little else
At least the current mob are well invested. Our saving grace.
Some truths being posted here , as per usual the rampers don't like it one bit. I too fear for my capital should the SR not be up to peoples expectations , I see 8p incoming. And no , I won't be selling because I think that , I may be wrong and pig headedly I would rather lose the lot than sell now. Its only 32k , wtf.
Fort,yes just seen that
I fear you're scraping the bottom of the barrel. It was a total red herring - note how there was no similar delay with producing the merger document. Anyway, it's ancient history and so is our old mis-management team.
Addicknt, for all we know, they may have had one person working on it and then you have the checking.
Plus this was when we had COVID.
Q, it wasn't a particularly technical document - in fact it's all pretty standard. The translation excuse was total nonsense and I suspect some people within the company were embarrassed that it was ever put out there. It made the company look foolish.
Smickster I have worked as a technical analyst for decades and I can tell you that technical documentation of over 1000 pages to be translated from one language to another can take a team of people over six months, and you still end up with errors.
I have no idea how big the documentation was but over a year is not unusual.
You cannot run it through Google translate.
Is that how flimsy your logic is Smickster? Wow.
Many of those entities invested years ago when everything about the company was different.
Jiangxi are the only recent equity holder and they got what I'm sure many would consider a favourable deal for their 6%.
But
BHP, NCM and many other large shareholders are under water on the shares. So yes that makes them wrong for now.
FNV and Osisko have debt investments, again in quite favourable terms. Tiny fractions of their portfolios, but right here right now they will be aware that the chances of seeing first ore and first revenue at Cascabel before 2032 are slim.
You don't think it is Smickster?
I can't do anything about it. I'm not smart or influential enough. Don't have the charisma or gravitas required to start a movement that drives change for the better.
But politically for example, some forum members dislike the fact that right leaning governments around the world are being ousted for left learning opposition, and the implications this can have for mining.
It's OK saying "we need copper". We also need to be able to extract copper and it feels to me like obstacles are being put up rather than taken down.
I get that you're defensive because you think that anyone less positive is harming sentiment and possibly your investment. For me it boils down to the company as it is. I don't like the lack of detail around their plans, I don't believe Maxit are heavyweights capable of getting the job done and I have serious concerns over what happens if the company doesn't have a proposal worth putting to shareholders in 2H of this year.
I'm nothing like needalife. You know I've been invested in this company for years and a contributor to this forum for years. Needalife clearly holds no shares but pops up to disrupt.
Quady, there is nothing to add as we have largely been given the silent treatment by solg.
You say it hasn't been badly run but PI have been largely relied upon for votes then nothing given in return as to what's happening.
You cannot rely totally on the veil of a strategic review. There are plenty reasons PI think this has been badly run and quite frankly I agree with a lot of it. We only have to look at our pfs debacle and translations that take over a year to realise something strange is going on.
So we wait for this miracle of SR and hope we have some calcification what's going on with funds and that it's not just another year wasted and more free shares given out.
Smickster if I may intercede.
Solgold is not badly run.
We have gone from hole five to a world class deposit.
We have had to contend with COVID and political change.
The only people on here who think it's badly run, are those that don't understand that this company is in it's growing phase.
We should all await the strategic review to see the next step and stop this completely ridiculous idea that people are going to bid for us.
Seriously if anyone says we are going to be bought, then they should back it up with who is going to buy us and between what price range.
Then they should back it up as to how they have come to their conclusions.
The likes of certain people on here have been screaming infestor, deramper and other insults for years, but have added nothing to the debate on Solgolds way forward.
Surely even if most hardened in their positions can see this has some way to go.
NAL there is nothing wrong with facts even if they are on the negative side and most holders are aware of the downsides here.
However you and a few others take the biscuit with the negativity here and not one person buys that your here solely to counter the rampers.....its crooked to the core.
Anyway soon enough we shall find out what's going on with solg and we hope its good news and you earthling will still be peddling fear somewhere on bb to earn a crust......I hope it pays well.
NAL bhp, ncm, jin plus plenty other big players invested.
Guess they are all wrong?
Bozi listen to yourself buddy "society is crumbling"
So what you going to do about it.?
Come on here each day a remind people that we are all doomed?
Remind people that their investment here at solg is doomed and its been badly managed until one day maybe that all changes and its not as bad as it seems.
Your starting to sound a lot like needalife which is very sad indeed.
Highflyman. Ref your post.
"We have an interested party who's been doing DD for a fair while now"
I wonder if you could post the link to support this.
The problem I've got mate. Is that many, many, many years ago we were told by solg that 12 majors were sniffing round showing interest.
I can remember the excitement and chatter. Then the dreaded realisation that once again, it was a damp squid. I just feel my heart couldn't stand up to another false dawn
Bozi. Your points are valid. And based on the FACTS are the only conclusion an unbiased person would come up with. And no matter what others post about your negativity is a fair opinion of where we are. But beware mate, it's late in the evening over there. And I suspect the ditty about you is imminent if you post any more FACTS
Fort - ive been through the ringer recently on virtually all my positions at some point. My positivity has taken some serious knocks.
Solgold with its bona fide tier 1 and pipeline of promising takeover prospects was supposed to stick a fire under my portolio this year given the strategic review and merger late last year.
It's not a matter of making dough. I've one or two I'm still confident about and YoY I'm sitting in a decent enough position that I'm not worried at all about "making dough". That'll happen, regardless of what happens here.
Everyone just needs some patience;
- The world needs what we have, lots of it
- What the world does have is running out
- The prescious metals we aslo have are fast turning into 'the' safe haven in a divided world where trusted stores of value are gaining importance.
- it's up for sale
- We have an interested party who's been doing DD for a fair while now
- We have an industry renowned banker on the deal who is aligned with our very own interests.
Like BigDude has said, 'the numbers are big', so it's just going to take a while to get closed out, but for me, we're on the home straight to step 3.
Enjoy the weather all and forget about the sp, its irrelevant unless you need to sell any time soon.
C
-
Not a sucker punch at all Smickster. You're having a pop for my view being less positive than you'd like so I'm asking what excites you right now.
Having one of the biggest copper gold porphyries not in the hands of a major was exciting when we had a reasonable plan of what to do with it. Now those plans have been kicked into the long grass we're now relying on commodity prices being buoyant in order to secure a decent exit.
But the world is crumbling around us. Societ is shifting around us quite rapidly and not in a good way.
But yes, positive we must be.
Closed unchanged on TSX bubble. Not sure I would call it going down the pan lol!
Going down the pan on tsx ATM doesn't look good ,news needed now imho
Bozi, is the an investment out there which you have money on which you are remotely positive about?? Seems to me that you invest in companies that you absolutely despise! Nice strategy if it works for you but from what I can, you certainly do pick them!
I think shareholders here have plenty to be excited about. Tier 1 mines are rare these days especially with the box of metals that Alpala has tucked away in them hills.
Chin up... you'll make some dough at some point.
Bit of a sucker punch to ask a holder that question dont you think?
For excitement id say having 1 of the biggest copper gold porphyry on the planet in our portfolio as a start.
The other thing that excites me is the obvious panic from the naysayers recently.
Good luck bozi try to steer clear ofn the negativity as it well get you down eventually.
Not quite Smickster. I think I'm pretty balanced.
If pessimism is winning the battle then maybe it's because the company doesn't have as much to look forward to as it should, in my opinion anyway.
What excites you as a shareholder of SOLG right now?