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Wondering why there are all these RNSs...?
The obvious reason as I speculated before is that going up to the AGM they are supporting the SP...
However, it seems significant to me that no insiders or Directors have bought shares since Scott etc in October.
Amother possible explanation is that they are expecting a bid or significant transaction and wish to support the price so that the starting bid is as high as possible.
And of course if there is anything by way of a possible transaction in nthe air, anyone who is inside would be unable to buy...
"The rule is simple: if you know privileged information about a company, you can only deal in its shares when that information becomes public."
Worth thinking about...
If they are expecting a bid why feel the need to support the stock price at all?
It’s always been stated on here the current stock price will have no correlation to any bid…?
Have you considered that directors haven’t bought any more shares as perhaps they don’t consider it a great investment with their own money? Why buy when you can gift yourself them.
Seems like a board in panic to me, releasing old information which has had no effect on the SP but to send it lower. So if they are trying to support the SP then they need a different strategy.
Most likely outcome is a raise against existing holders in March.
Possible share price 6.5 in December, 20% “discount” from here?
I disagree Texas, doing an equity raise at these levels would be madness for everyone, let alone PIs. Aside from that, what's the point raising further cash if you cannot sell the assets you find as it makes the whole business plan unviable.
Management have been working to derisk the project for approaching 12 months whilst lining up buyers, of which sounds like they have a few and they are coming to the end of their DD, therefore asset is the way I think this will go. C
Agree the price could go lower thought, but it's evident from this week the company are trying to resist that. At these levels with things drawing to a close I think this is potentially a great opportunity for anyone with dry powder to deploy.
Without BS Capital going bump and puking millions of shares onto an illiquid market we wouldn't be at these levels and it suits someone to keep us here.
Totally agree with you Highflyigman. We are approaching endgame. For the past 3 weeks, it struck me that the ceo who promised to create shareholders value hasn't commented on the state of the SP. Further, no comments have been made regarding funding. I think that's because DDs are concluding, and we are fast approaching the point where a bid will be made. Jiangxi will be the most likely bidder IMO.
The Cornerstone shares will be placed strategically before a raise, if we get that far.
How many times and for how long has this been near the “end game”?
All the while the SP just gets lower and lower.
What makes anyone think this is any different this time and that the many false prophecy’s will come true this time…
Facts -
Share price is very low
Nobody is buying
No TR1 to show anyone increasing their position before a bid.
Amateur investor conclusion - this is all points to huge bid landing soon…
Seems like very wishful thinking by people underwater and need something to happen.
An equity raise would be disastrous and unnecessary...
Let me repeat...
We had $22.9 million at 30 Septemnber and the Operational cashburn is $1million a month...
And we could get a 1/2% streaming deal away easily with copper and gold having broken out, which would last us for another 4 years...
Not amother 4 years please. I want to get out if this trsp ASAP.
Texasminer - new profile, only created Nov '23 and only ever commented on SolgGold and all comments bearish. With C/A in the air I think people can see through you my friend. Just out of interest, how much do you get paid to trot out this tripe and is it actually a job?
H, I don't know what it is about this share that attracts so many odd people. RK filtered 62+ people which leaves him posting to himself, and the others derive a lot of pleasure that PIs are hurting because the SP fell.
There are some sociopaths on this BB. The sooner we are sold, the better.
Relax eloro it’s all white noise which has been enabled by the scourge that is social media with no comeback no matter what rubbish is posted by the same handful, 25 years ago you’d have been checking the price a few times a day on the times phone share price service 😂
Don’t let kids with no agenda other to to massage their own ego’s have fun at your expense some will even have you believe they are from Australia 😉
ONWARDS AND UPWARDS!! Not long now guys
I’ve been here a while as the majority Will know and tbh I have never been more comfortable of a very good positive resolution here as I am now with Scott and co quietly getting on with business
An accusation of being bearish on a stock which has deprecated 78% in the last 5 years, 53% in the last year or 55% in the last 6 months, is hardly an insult.
Why do people think you only make money from stocks going up…
There is no conspiracy with the stock price!
You should top up novice you're well below your average.
😉
He's obviously,craving attention massive.
I'm amazed he's got the neck to still be here
Novice is a con artist. Any fool ticking that proven liar up deserve to lose money!
Here we go again another unprovoked post ! clearly looks like it’s going to be a quiet day here so tinyrays paymaster have asked it to stir the pot and generate some advertising advertising posts with it tag team partners 😂😂😂
Genuinely amazed at the naivety of it and thinking that it’s something important here 😂😂😂
Other than that I’m just sitting and patiently waiting
ONWARDS AND UPWARDS!!!
Have a great Sunday all
ZZzzzzzzzz 😴😴😴
Novice.
Your post.
Don’t let kids with no agenda other to to massage their own ego’s have fun at your expense some will even have you believe they are from Australia 😉
So hardly unprovoked, you complete moron.
If you don't want a response, keep your childish trap shut.
Do us all a favour
Eloro, ref your post. the private investors on here are clearly not hurting,
if you look at THERE posts THERE having a ball,
full of optimism, and topping up weekly.
they have been singing and dancing, from 50p down to 7p
novice and bbg have just both posted how happy they are.
I think THERE more than happy waiting for the $1 a share party