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The holding percentage drop is a formality result of the extra addition shares in issue that followed the take over completion transaction of cornerstone.....certainly not because they sold any shares.....
use the current major share holder information on solgold website for comparison, it's just the reduction in % holding that is changing, worth while saving a copy for yourself
https://wp-solgold-2021.s3.eu-west-2.amazonaws.com/media/2022/12/2022.12.15-Key-Security-Information.pdf
I'm in agreement QuadPiece. That is also my reading of their TR1.
A stark reminder to those that like to big these institutions up. They're pretty clueless and hampered by size. They take bad entries and even worse exits.
Unic yep 2 nd RNS just out
Nope, not just you. It has been very slow at loading for me too this morning - maybe improving now. GLA, Dan
Yes, they are. And there'll be plenty more to follow.
The Norge announcement contained what was news to me i.e they've got shares out of loan.
that's how I read it, one for Xianxi too
Are these not just adjusting voting rights percentages relative to the number of shares in issue now that Cornerstone deal is through?
Orthern, I've got an eye on this page to see whether SOLG updates its presentation before their speaking slot. 11.30am ET / 16.30pm UK time. A handful of the other companies presenting have, but majority haven't.
https://redcloudfs.com/prepdac2023/
I see they have shares out on loan. Is this new? Hopefully the counter-party is getting its backside kicked.
Btw, is it just me, or is this web site running very slow this morning?
I see they have shares out on loan. Is this new? Hopefully the counter-party is getting it's backside kicked.
Nothing like calling the top and loading up at the bottom :)))))
RNS -Norges transaction
I have to admit, I am now checking every morning for that RNS with much more anticipation than I used to......
Surely something has to happen here soon, given how long we have been busy behind the scenes trying to work out a suitable monetisation of Cascabel.... now control of ENSA is resolved... We cant all be waiting too much longer before we at least get a SR update? I'm frustrated yes, but things must be well under way by now, and after all the years of waiting and waiting, hopefully the next few months could be worth it..
They cant possibly present the usual, bland, seen and heard it all in multiple years before, presentation this week can they?? Surely our new management would not do that after castigating the old one for feet dragging and poor performance?
I admit, I am extremely weary with our board, and stopped paying any attention to the presentations a while back, but I am genuinely interested to see/watch this weeks.....
I would expect our man to sound equally bullish and bombastic as in recent announcements about new management etc, but if they are deep in negotiating a sale/monetisation event, and all other regional work is suspended, and has been since last January, what exactly is there to present? Everyone in that room will already know of our first mover advantage, of our portfolio of regionals, of our ESG work...... Equally, everyone in that room will already know of our continued failure to get anywhere...
So what exactly will we present? Its been a while since I've been this interested to see what Solg have to say at an mining event.
Does anyone know if this position has been closed?
Surely they will be getting a little nervous if not.
Gla
Without wanting to steal BN.C or Red's thunder.. looking pretty good from my extremely limited knowledge of Technical Analysis.
Resistance 1: 15.167p gone
Resistance 2: 15.553p gone
Resistance 3: 16.327p
https://www.barchart.com/stocks/quotes/SOLG.LN
Obviously will need to sustain this rise but starting to look encouraging
Morning all
I thought Cornerstone were looking at delisting at their close of play today.
Pinot
:0)
Irwin is a sophisticated investor and he knew exactly what he was doing with this so-called 'slip of the tongue'.
He implied he had inside information, which begs the question, how did he get it? And what was he thinking when he made this statement?
Don't get me wrong, I'm absolutely delighted he did, it's just that I'm surprised and wonder if he's had his **** kicked by Caldwell. If he feels like releasing any other nuggets, feel free!
That's a good reminder redknight, SOLG and the chinese likely have an ongoing relationship and certainly more than enough time over the last 2 and half years to discuss various interests. The investment in 2020 was specifically for Porvenir which is near the chinese mines in the south, so made sense. But question is... do the chinese want to be in the north as well? My guess is.... absolutely.
SOLG have 100% ENSA now and the market will soon wake up to that reality. There are no fragmented or complicated ownership issues preventing a sale or bid. It's open season now and SOLG's share price is at multi year lows which must be very inviting for predators out there.
After all these years and ending up with that t22t Cazzubo listening to what Wazza said the other day is really the most important thing to have come out for many a year.
He said We are looking to sell to- I but i better not say anymore.
Wazza bless you mate for telling us the truth and that Scott, Maxit Sangha et al are pushing to maximise shareholder value.
For the first time I am truly excited- hence my buy first thing this morning for 113013 and later topped up to round off to 150,000 shares bought.
Everything is pointing to corporate action and soon.
GLA.
Still doing nicely despite new investors and LSE.co.uk still has the shares and MCap wrong...
£450m capital was crazy low for a company that has metal in the ground worth tens of billions.
If this did ever go to production and got the £3-4billion financing, it could be producing he current market cap in profit each year in ten years.
If it gets sold, based on the NPV or whatever it is called, should be £1B +
Still a long way to go, couple of days of good rises doesn't make up for the 50% fall over the last x months but Solgold always was a rumour sensitive share..... hoping the insinuation buy Mr Irwin that this is being sold is enough to re-ignite the fuse to get it going.
My target 50p, would kick myself if I didn't get out at that price and it dropped, I know it has potential for more but that would be enough for me.
Disclaimer... based on nothing more than my opinion! Hoping somebody has better figures around what this is / could be worth
Jiangxis engagement with SOLG dates back to the Valuestone issue in November 2020....
mickb please do mate.....:)
You will be instant hero.....
SM, my bad... I thought you meant 3 bagger eg 15p rounded to 45p. I think you're not far off with 60p but the question is... is that for SOLG lock stock and barrel or just for ENSA?
Best thing Maxit can do is get the ball rolling. The first bid or presented deal might have to be low ball. Might be 40p levels. Then we'll see who comes out of the shadows. FMG and quite a few others are already in Ecuador and they are not there for fun. FMG have balance sheet to make Ecuador a new mining Provence in same way as BHP or the Chinese. Get an auction or bid / counter bid process going and we should do ok. I can't believe we would have just one interested party in one of the best tier 1 discoveries in last decade.