Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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From Investopedia (quote):
"Based on an overall assessment of its quality, value and momentum SolGold is currently classified as a Sucker Stock. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks."
So, I'm waiting for a bid that may never come. Quady and his lot are wanting to enter a finance death spiral by "advancing" Cascabel. Muppets like MassiveRay come to gawp and laugh at us everytime the share price falls.
There are moments when it's easy to doubt why you are here.
Yet BHP and others have thrown millions at this company. Are they suckers too? Is Warren Irwin a sucker? Is nick Mather a sucker? Are Matsui suckers?
Be nice to have a crystal ball to see how this turns out, rather than suffer death by a thousand cuts every day, with low life laughing on the sidelines. But at this point it's probably a matter of faith.
I just believe we can't have come all this way to not have a happy ending.
Relax Sean! Step back and see this share from a helicopter view.
Things will work out OK in the end!
Just not sure where and when "that end is", LOL!
Seanhunter have you ever been involved with a company that has no money but has resources. I have many times over within the oil and gas sector.
When after many years if it proceeds to production which their are many ways of financing.
The price goes up massively unless we give the whole thing away. Let's await the outcome of the strategic review.
Not saying we won't have some way to go, but these things take time.
I am guessing this type of investment is new to you.
sean, following what's happened over on his favourite share, I suspect MR is feeling a tad sheepish.
Just had a peek addicknt.... ooooft... carnage.
Wouldn't dream of popping in to gloat but hopefully a taste of his own medicine is just what he needed.
Quady, a fair enough point until the last sentence when you simply can't help trying to belittle who you are speaking to.
Why can't you be more like Quibbles? He believed in exactly what you do for this company but he managed to make his points without attacking people or being rude.
In saying that, maybe he and you are correct - maybe we re just swallowing up CGP in order to neutralise them before pushing on with production. It is a fiendish masterplan I never envisaged, but if Nick really wants to sell 10 years down the line for £5 rather than the 68p I reckon we may get this year, he is certainly the man to go for it, because SOLG is still his baby.
That type of investment would indeed be new to me, but I'd only be in it 2 minutes before I took the last of my money elsewhere.
I am sorry for the last remark seanhunter, but I am of no real opinion, I just look at the facts and follow the evidence.
The point here is if we were looking at a bid in the near future, then no way would we have taken another royalty at 0.6% as this would have made us less attractive to bid for.
We took it because it is part of funding required for the advancement of Cascabel which is what the strategic review is for.
Fair enough Quady.
I have been very harsh and impatient with you in the past, but I am not happy with the way Quibbles was forced off this board and the part I played in it. I don't want anyone treated with disrespect, and I'm not here to fight with anyone and certainly not bully anyone.
You and i have diametrically opposite views on the future of SLG, but I think at least 2023 will see the argument settled one way or the other. i can certainly be patient and wait to see how things pan out.
Till then, Im sure you and i can converse like decent people who have different opinions, and i apologise for some of the things I've said to you recently in my more angry moments.
Also seanhunter don't believe the people on here that now say production takes many years. You get revenue at various stages of production once we start extracting ore. Yes a full block cave operation is years away, but even after that is concluded we would continue to develop as at every stage we decide what is economic to mine. Also once above ground infrastructure is built it makes other nearby sites commercially viable as infrastructure can be shared.
Lastly l mentioned you could obtain revenue from extracting ore. Solgold have always looked at an early opencut to advance Alpala, so the great uninformed on here don't understand we don't need to raise the whole 2.9 billion as we could raise a percentage of that and become revenue producing to complete the work.
It's a good question DinnerMoney, but I think that Tandy is part Cascabel so maybe that's the plan. We await the strategic review which some on here think is a smoke screen, the same as they think everything else is a smoke screen getting us to a bid. I have been listening to that for a decade and it's wrong headed thinking every time.
It's clear: complete the merger, once and for all, and prospective bidders that are lined up (tick) will proceed with no further delays full stop. Not long......lets not complicate it!
GLA
And NP unless I'm mistaken, both the Osisko and FNV can be repaid...
Thanks NP
Meanwhile...quiet on here today...calm before the storm...?
Or is T2 settlement post merger...was it you that suggested 27 January was D Day...?
Nothing to seenhere until June the earliest. I'll be back sub 15p.
@MassiveRay, if not obvious we are aggravated enough already as it is....
Fair enough - just wondering why slug and red seem to get everything completely wrong.
For insignificant slug, check the order book for 12p from tomorrow.
Hi DinnerMoney you are correct they can't be fully repaid. As usual Slug is wrong. He maintains his record of being 100% wrong about Solgold and everything in life.
My apologies...
But $50m of FNV and $16.67m of Osisko equals $66.67...
However, its academic because someobdoy else will own those deals soon...
I see donkey brains is busy again Lolzzz... Are they looking to invest in a company with a real future ;))
Can't be easy being penniless.
200k on the order book at 12p tomorrow
Not 5k
Lol
Pounds little novice
•¿•
There she goes again a lovely double top green sandwich, mmmm tasty as tasty as poly stock at the moment lolzzz xxx
Life's great most of the time :))
Your jealousy of the real ballers is fantastic.