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In fact Bubble tries to play it he's a bit slow and daft , he's on here ramping other shares today , telling others about his other holdings. Sorry , it's pretty transparent to me who is in this little circle.
Quady , I totally agree with you. It's no secret I have no time for thew pair of them either. But there are more than two innit , add Bubble in his own little way , and DBW. You have indeed called it right to date.
Covgaz I have called this right. I called out colonelDrake along with Redknight ages ago.
These two are traders who change their story depending if they are buying or selling. They have nothing credible to say on Solgold.
50p + and I'm out.
Time to put my funds elsewhere, we have all been faithful.
Let's see this share holder value !!
Not contradictory in the slightest Smickster.
I'm saying this goes cheap unless someone gets involved to fight Jiangxi.
Personally, if you're asking me, I don't believe anyone will get involved.
In May we'll hear that the strategic review has been completed and the best way forward is to accept Jiangxi's all cash offer at 35p.
Bozi,
Slightly contradictory there.
One minute you say this will go for peanuts the next you tell us Bhp could come and start a bidding war.
What exactly are you telling us?
Drake being Fortissimo for those unaware...thinks we're all stupid. And he has the cheek to mock Quady , he's the same , just the other way.
And take Drake with ya , he thinkss we're all stupid too.
If it's any consolation, Red, we're pretty tired of your relentless, stupid ramping. Could solve both problems by going away for a bit, hey chap? Or does your ramping contract require a certain amount of BS to be posted per week? Can only conclude that's your motive.
Red - everyone knows this is going to be sold.
But whatis it going to be sold for? Peanuts is the answer.
That itself is the argument here. I was told I was being ridiculous by many on here two and a half years ago when I talked about a low ball outcome. My opinion hasn't changed. In fact, it's only been backed up by the derisory level we let Jiangxi in at and the poorly priced options we've just issued to Scott.
This is SOLG trying to engineer this to a preferred bidder and it'll be at 30-40p.
Our hail Mary is that BHP or another wants to fight them. Please let's hope they do.
Just use the pension and the ISA.
No sympathy from me if you're in the UK and not making use of those accounts.
Not like the Tories haven't smashed the CGT and dividend allowances to smitherines eh Fort... a nice extra tax burden and by stealth.
Colonel...
1 There wont be a SR beyond a simple summary if at all, because Sangha has been working on a sale since October.
2 The options announcement does nothing to prevent a bid well before 2 to 3 weeks if
A The discussions started after the RNS or
B It is an unsolicited bid.
Frankly I'm fed up with the constant negativity and dismal assumptions.
This is going to be sold. End of.
Would releasing the outcome of the SR constitute 'value enhancing news'? I think past RNS's cover them off on the possible outcomes of the SR so even if they were to announce that the SR is concluded and decision to seek buyer for ENSA agreed by BoD's etc... I don't think that will affect FSA's views on Scott's options or any upcoming staff options. They've already spelt it out several times and I believe there are only 3 or 4 possible outcomes. So in nut shell... I don't think options will prevent SR news. But it certainly prevents news of an 'actual agreed sale' for at least another 2 or 3 weeks for sure.
I think most investors out there would be delighted to see another April 6th event (ISA time) unfold with sp this low before value enhancing news is released.
Only couple of weeks away now.
Lets get it all sold and sorted before Labour get in and stick CGT up to 22%+ flat rate (for those not using the ISA!)
Fortissimo ,shg loaded
21 Days Fortissimo - thankyou I think that was the answer I was looking for.
also I know there will be performance criteria that needs to be met for the options to vest - however I'm quite sure there will be a caveat in that if there is any corporate action then all optrions will immediately be deemed as fully vested
A few gold stocks are looking rather bright and healthy while rest of market sells off.
Volume weak of late so more the usual SOLG drifting on zero news.
The employee grant of options was done in early March 2021, so base don last RNS, it would seem these have yet to be agreed or finalised. Like I said... they will be revealing a bit of their hand when they release the vesting criteria and my guess is that I like others will be spitting bullets for a few days again.
As DG1 says, need to get these nest feathering events out of the way pronto as market usually needs at least 21 days between share awards and any value driving news.
Indeed addicknt the broader market is likely to be the biggest factor - I did caveat my post with 'contributory'
I'd like to know if there is a timescale between getting options awarded and then them going on to vest in their entirety. I guess the work around is that Scott can say negotations are ongoing as we have all been informed of the various elements of the Strategic Review - so the discussion element is in the public domain and as such wouldnt then prohibit the award of the options.
I mean - hypothetically say they received a 'formal' bid for the company say in two weeks time - would that be ok in terms of the options as long as Scott didnt know it was coming ? ie he would just say - yes Mr regulator we were in discussion but no bid had actually formally hit my desk/inbox so it caught me quite be suprise, which was lucky for me as I've just agreed a 30m option package......would that be ok ?
I really dont mean to sound sarcastic - i really dont know the rules and would love to know for sure what the rules are
Reality check...
The FTSE is down almost 8% in a couple of weeks and 3% in a couple of days...
Industrial Metals index down 16% in 3 weeks...SOLG about the same...
So why should we be immune?
Until the first bid comes...
As much as I don't like this option arrangement, I don't see it as being responsible for the current sp. Just have a look at what's happening in the broader market...there's your explanation.
surely Caldwells options are a contributory factor to the drop. 30m options may indicate no immediate bid - needs a little bit of distance between the dip into the cookie jar and getting paid out - just to keep the right side of the regulations. Thats why I'd rather everyone else who is going to be getting options or enhanced incentive plans hurry's up about it.
Let them load up for their help themselves payday and then finally with every passing day we can progress closer to the main event.
Thats the main cause of the probelm of this weeks slap in the face RNS - however I guess for them as they know what is likley coming they couldnt give a hoot about the current price. Must be lovely to load up for free without a care in the world.
Hopefully next week we hear more about the criteria for the options to vest, get the enhanced employee incentive scheme sorted, sack any remaining stragglers and then finally something for the little man may present itself.
Have a good weekend chaps
Scott Caldwell must be kicking himself that he didn't wait a few more days to get his options issued at a cheaper price
Just before I ploughed in here quite heavily something stood out to me, and that was ggp's mc was above solg, and it was a no brainer. The problem now is I see the gap closing again.
Bubble, Im sensing a marked change in your outlook with Solgold these days.... you used to be the endless optimist..
Q2 after next week... which if the board can be believed will mean SR details... maybe... hopefully.... I mean if they cant deliver that, after cancelling everything to concentrate on it.... They are as inept and unreliable as I believe they are.. but we can dream
Finger let's see hey