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If the mm's wanted to stimulate buying, would it not be better to raise the price?
As seanHunter correctly pointed out the other day, no one wants to touch the shares when they are going down. But during a good day, posters are falling over themselves telling everyone how they could not resist a wee top up, it's to good to miss etc etc.
Human psychology makes most people bad Investers.
And a perspective...426,000 shares traded...
We own 1.5 million...
How many other people on here own more than the total volume traded on here today...
So just imagine what could happen...
This is...as always...a personal opinion, but I was trying to puzzle out why there is no volume today...426k shares traded...
Apart from the fact that we're all waiting...
I believe that a fundamental problem for some time has been lack of liquidity because from my own experience as GFD, shares drift when there's no liquidity.
So why is there none?
To start with, as the Solgold website says "57.43% of the shares are not in public hands"
That, to me is an oversimplification because, for example, 'major shareholders' don't include holdings below 3%.
So no Valuestone, no Berry Street, etc.
So for starters, the 67.43% have no intention or inclination to sell.
We are led to believe that the April placing was three times oversubscribed...whether that is true or not, the share capital was increased by 10%. It is fair to say that all of the existing major shareholders would have taken up their entitlement, so that means more than 90 million new shares (c4%) went into institutional hands.
This was a smart marketing move, because it created a substantial unsatisfied demand which Ingo followed up with an institutional roadshow, as a result of which who knows 5% or moreof the share capital might have been bought up.
This would fit with the c150 million shares traded in the following month or so and the steady rise to 36p by May 31st...
It could also account for the steady decline to 24/5 by August 19, during which period only during which only 126m were traded in 2.1/2 months...
Indeed only just over 185 million were traded in the 5 months between late Jun and late November...
So what am I saying...think about yourselves...
How many people on here are selling?
How many have topped up in the last few weeks?
The Tandy MRE and the Chairman's BHP letter have briefly stimulated volume, together with tiny spurts on RNSs, but otherwise the MMs have stimulated volume by marking prices down...
So in conclusion...nobody wants to sell, because they believe the shares should be very much higher, however that happens..
Not much buying is going on because we/they are pretty much invested, maybe even over invested, waiting for something to happen...
Just try dummy trades...there is no real liquidity because of the above, so...
When something happens to trigger traders and investors to want to pile into the shares, whether its a string bid rumour, the Porvenir MRE, big news from Rio or finally a credible PFS...the shares could spike quickly...
And even on the bid rumour alone I think they could quickly go to 50/60p...or more...
So lets see...amd hope we have a happy Christmas and a majorly prosperous New Year...one way or another...
Jajaja redknight1 claims to have dgr options
Can't disagree Bob actually...I have 100,000 DGR options that stand me at zero cost...
Cheers
RK,
I am ONLY voting against Brian MOLLER. For 1.1 million shares. I’m also a shareholder of DGR and I’m p1ssed it’s taking this long. He has been on the gravy train for far too long
Look forward for RIO Amarillo drilling updates. Hope they spin this one out for the current shareholders to keep. China can have Porvenir for the right price.
Jason Ward is a skilful talent and asset to SOLG FYI
Harry what doubts about viability?
Please share.
As far as I can see we have plenty of interest and lots investors both big and small.
I more than happy for Bhp to walk away and let one or more new players who are more proactive to play a role in bringing Cascabel, Provenir and Rio to the next stages.
red, you are wasting your time, he has and never will visit Byron bay. there is not an australian on earth who has a chip on his shoulder as large as his ego. the mans a clown. him and his band of clappers would happily lose money to save there beloved nick. you only have to look at some of there names. mathsfinger by his own admission named himself after his beloved. the mind boggles where he dreams nick would place his finger. these directors have mismanaged and bled the company over many years. majors have tolerated it because of the potential of solg. now there are doubts about viability, they have decided enough is enough. who do you listen to the dozen clappers or people who have invested millions of pounds in the company, mmmmm let me think
https://www.news.com.au/travel/travel-updates/the-towns-that-made-the-cut-in-the-sht-towns-of-australia-book/news-story/c0b17de6e8af52a330351f6230cc6bfd
"Renowned as Australia’s easternmost point, Byron Bay is also the country’s biggest d*ckhead magnet. Every type of f*ckwit under the sun gravitates to Byron: smelly hippies spilling out of their housevans, tattooed surfers fighting each other for territory, barefoot bogans fighting each other for fun, cashed-up Boomers flittering between overpriced organic cafes and bullsh*t galleries, and overseas millionaires buying up the entire town for holiday homes.
It’s the sort of place that corporate shills on their second divorce fantasise about moving to so they can open a yoga retreat and root a dreadlocked barista on the beach. Byron Bay is Disneyland for dropouts, or the Gold Coast for people who prefer their Meter Maids to have hairy pits.
Byron Bay is known for its night-life, which consists of drunken drongos and Schoolies smashing each other’s teeth out and projectile vomiting at passers-by. It’s also a prime spot for spotting whales, which is why Byronites were still slaughtering humpbacks as recently as the 1960s. A popular feature is the Cape Byron Lighthouse, which serves the vital purpose of warning passing seafarers away from the complete ******opolis of Byron Bay. We suggest you heed its warning."
Let me spell it out for him happy...
I am ONLY voting against Moller and Twigger. 1.5 million shares.
bbg its possible your hysteria is blinding you.some on here want the board replaced because over a protracted time this company has been a train crash waiting to happen. no amount of clappers bigging up Mather will alter the last couple of years miss management. leave mather and the board in place, if you want more long years of no info, false info, and filling pockets of incompetents. its patently clear whilst beligerant mather holds the reins no majors will come within a mile. so dont worry about someone getting it cheap. worry about year late rns, French translator, the list is endless. you 14 or so clappers votes are a pimple on a pigs arse
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