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I've heard all the statements before.
I bought into Dragon oil at 3p per share and when they consolidated I heard the same quotes of doom that they would be lucky to reach a quid when after the consolidation the price was 64p.
Got full whack when they got taken over of £8.00
The similarities are here again
KB, of what relevance are the share prices ? It's about market cap.
We are all entitled to our opinion RICH, I think your £1 statement is also ludicrous!
Think you are wrong when you say we'll be taken out!
The concessions on a whole are far too big for just one major as it has been stated many times before
with respect, £10 per share is ludicrous imho - it simply won't happen because at some point SOLG will be taken out and us private investors will have our shares bought.
I think we will do very well to achieve £1 per share
If they become another major then SOLG should reflect major share prices:-
BHP - $55
RIO - $58
Vale - $13
Newmont - $43
Barrick - $18
AA - $14
Southern Copper - $40
Teck - $14
McMoran - $11
Personally, I would base SOLG mostly to Southern Copper although SOLG have the addition of Gold :)
Blimey there's confidence for you........
Nope, I want to be invested in a major not a junior as long term you are looking at £10+ should BHP, RIO or others allow the progression of SOLG
I would much prefer a sale then we could all move on.
hi TheItalian, i tend to agree with you that things could have been handled differently.
Exactly.
When some of us invested 5+ years ago, going to production would have been madness as it adds years of further development and uncertainty.
If the company had put a proper On Sale sign out, the company would have been priced closer to a takeover target price and would have maintained or even reinforced that position as SOLG progressed through its exploration programme.
We have lost half the price and more in terms of potential price on the speculation that someone might call NM's bluff and pay through the roof, while we could have easily achieved 60-80p a year ago, and moved on from there to the development of the other targets.
hi Montecristo, i have the feeling that the share price has suffered particularly because investors / potential investors have come to the conclusion that the likelihood of a buyout has become less and less and there is an increasing probability that SOLG will go to production - with all of the delays you note in your med to long term hold comment.
Of course there are other factors too such as the court case last year and the shadow of future challenges in the same vein.
So too the newsflow drought which saps confidence.
I shall stay invested for the ride here because after 6 years i'm not going to allow myself to become worried enough or cheesed off enough to press the sell button.
All things being equal, i still think the med to long term reward outweighs the risk by some margin.
This is a med/long-term hold. With the possibility that an offer could come at some unknown stage. So the long term case to hold is there as is the short term case.
Simple if you look at it in those terms. I'm happy to hold although sad than the exciting days seems to have past(for now)
I will continue to monitor the progress here regularly but only because I have a wider interest in the markets. Remember solg is just one of many shares out there, so chill
DBW,THAT ONE'S BROUGHT IT BACK OVER 20P
I’ve ..... looks like the price is where it is because it has to be ..... as to why, there are plenty os possibilities
There is room for those wanting to comment and those wanting to wait...
Anyway. Despite the price, any buy above 30k shares (the market size) has been above 20p....the rest is illusionist dross...I