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So in December, Scott issued an RNS saying 'early Q1' for the PFS. So that bascially meant... Jan 1st to Feb 15th.
Now, out of those 6 weeks... which would you have thought it most likely? Week 1? or Week 4? Nah... it's week 6 of course...
And if it's week 7... well.. that will be poor but not end of the world. If it's week 8, well that's looking a bit shoddy and if week 9... well.. Scott's proven to the market that he is infact exactly as they thought... which is pretty useless at giving guidance of any sort and confidence in him is zero as witnessed by the multi year lows on the sp.
Come on Scott, prove the market wrong. Get the PFS out as promised. Get the strategy review outcome out as long overdue. And get some guidance out on what SOLG are doing after PFS. What's the forward plan?
Well sais Fort! Could be another shock after a late PFS - no forward plan, LOL!!!!! Shucks for sh-te!
You sound desperate and over your head Fort. Maybe check out for a while or sell and move on.
The PFS update will be circulated when Scott and the Board believe it is ready
He sounds a lot more rational than you.
Fort has done some pretty hardcore ramping in the past but at least they have re-evaluated the situation, u like yourself, and is actually asking tough questions and taking responsibility for where Solg are today, you on the other hand probably don’t have that luxury but have no choice to post fantasy theories along with delusional comments.
If anyone needs to sell up and move on it’s you…..
I didn’t think this was possible but you have overtaken red knight as the biggest 🤡 on this board…….
“Strongest position ever”…..lol
You do understand what “ we need to raise funds means” in a RNS a few months.
Then when it happens you’ll shrug it off and say it’s all good but you are in so deep you have no other choice……what a muppet you are…….
ByronBayGold, according to Scott and the SOLG board, they have told you it will be ready in EARLY Q1.
You need to learn to read simple RNS's and stop trying to invent things based on your rather loose understanding of timelines involved.
It doesn't state early in the first part of Q1. It states early Q1 in 2024. I read that as it's early in 2024 and will be in Q1. Therefore, I don't expect it until the end of March.
Madpunter, you read it wrong I'm afraid.
Here's the exact line. Let me know if you still think you read it right>
"""Expected to be released early in the first quarter of 2024"""
That could imply early, as it's in the first quarter of 2024. Otherwise, I would have used in the early part of the first quarter of 2024. IMHO it was left ambiguous to give the extra time if there's any delays. Therefore, from past experience of SOLG and timelines, I expect it towards the end of March.
How is "EARLY IN THE FIRST QUARTER of 2024" ambiguous...?
It's the difference between having a comma after early, and not.
Madpunter is inserting the comma in his understanding
His statement is totally wrong:
"It doesn't state early in the first part of Q1. It states early Q1 in 2024."
And looking at the thinness of the market, with the vast majority of trades being Autobots, if you're thinking of investing I wouldn't leave it too late because starting with the first 200k, my 489k (and anyone else who followed) took the SP up 12% with a 7.92 close...
And in three full trading days from 19 December the SP rose 65% at its highest...I guess a lot of people who had been holding back panick bought because of FOMO...
We've waited 16 months for material good news so nobody knows how much the price will pop when it arrives...
You also have to take it in the context it was given which is that it followed previous guidance from SOLG that PFS would be in Q1 2024.
So the update on Dec 14th in that context most certainly confirms that it is earlier than last guidance... hence early Q1 rather than late Q1.
Keep it simple
And until then, don't worry about the daily moves because the Autobots are doing 'the Grand Old Duke of York', day after day after day...
Thats what happens in a thinly traded stock, but the liquidity will be boosted significantly after PFS3 arrives because everyone will have to take a position, one way or the other...:
How to revalue the shares based on the revised construstion model and economic case and
Speculation on who will bid and when, given that there will be no reason to hold back on buying one of the world's greatest new copper gold projects...
As Mike Henry of Barrick said, publicly...
"We know about Solgold..."
And they have moved their strategy from gold projects to include copper/gold projects...
"Copper is the new gold..."
Don't change the subject Red... tell us some more about how many shares you bought.
This is a gold play. The demand for copper is vastly over estimated given the wheels are now starting to come off Net Misery at a rate of knots
Red..... you and BBG might want to consider what Seth Godwin once said. The problem with a race to the bottom is that you might win.
It seems that my assumption of the end of March was right and the ambiguous interpretation of the timeline allowed for delays.
Will appear in the top 10 fallers soon !
Madpunter,
Or... Scott missed his deadline and minsinformed the market pre-agm. Tut tut. The RNS's are checked by advisors as to whether they are clear or not. It should have said Early in 2024, in Q1. Not hard to be exact is it?
Looks like Scott's much heralded cash burn savings are doing wonders for our SP.
Anyone think Scott or managment should get more bonus awards in the upcoming remuneration meeting which they basically chair themselves??? My answer would be NO... and you can hand back the ones you got last year.
Scott’s had nearly half a million dollars for the last 12 months..
Think everyone knows your game novice. You've sold out at a big loss and now deramping the share as per usual.
Yes but he's doing a great job and everyone voted for him at the AGM apparently.
Bob also said there will be no equity raises according to Addicknt.
So everythings just fine, in fact the company is in the best shape it's ever been in according to Scott.
Obviously there's something about the above that the market thinks is porkies.
I think you know everyone thinks you are a cowardly, faceless, anonymous troll just passing time each day tiny...
now jog along and don't concern yourself with me, unless you're infatuated with me which is understandable...😉
Pleased karma has been served on you personally..
Lossages for you everywhere for trolling other boards...
😉
Terry, I think we can forget about Barrick for a while: https://www.miningweekly.com/article/barrick-replaces-140-of-gold-with-no-need-for-dilutionary-or-dilusionary-acquisitions-2024-02-14
PFS3 isn't going to change a thing either imho.