Firering Strategic Minerals: From explorer to producer. Watch the video here.
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For all those chartists out there looks like a bullish cup and handle pattern forming.
Another big on reported after the bell
Don’t want to Bragg or anything DBW but that was me 😉
A big buy indeed, £138k. News on finance coming soon.
Makes you wonder what Bob is waiting for or working on as if it was a simple $20m+ raise to give the auditors a 12 month guaranteed outlook, then may as well do it with $15m cash left as opposed to $4m cash left. Of course any 3rd party involved might be a reason for delay or being cynical... is Bob trying to tie a few things up but get the director bonus awards in first lol! There's no way they can justify bonus awards again unless the sp is north of 20p as they would be seen to be rewarding directors for failures.
They have exploitation signing deadline looming on June 6th, MD&A looming on or before May 15th I believe.
We are into the sharp end of what looks like a pivotal 6 weeks for SOLG and Bob and co in particular.
It takes a really poor very poor management team to deliver a SOLG share price like it is today with such a bullish market backdrop eg.. gold at record highs, copper near 2 year highs, silver near highs, markets in general near highs... sector bouncing back fast etc etc etc... yet somehow Bob and co has us pinned into the 'cash running', time running out... corner.
Makes you wonder what he's up to but whatever is... the market doesn't believe in him. That's alright just as long as he proves the market wrong.
So come on Bob... you've had long enough now.
Drake ffs you spout so much sh$te.
You keep telling us all that when the 157 million shares have been "sold on to Bob's mates" , at a cut down price, then we will get a deal.
You really are in cuckoo land with that red night fella.
When the CGP have been dealt , gives us all your next scenario please.
Covgaz
The fantasy theories the fab 4 come up with are beyond delusional.
The price isn’t going anywhere because no one knows what is happening and no amount of BS from the fab 4 will change that.
There could be a multitude of reasons things are taking time but the favourite of the fab 4 is something major going on on the background because that theory suits their ramping narrative.
Until funding is sorted out either way this will stay range bound.
Which isn’t ideal if you are T trading like the red 🤡 likes to boast.
It’d pretty sad that you need to gamble with credit in your 70s…..
Mind you that’s what the fab 4 are all about ….
🤡🤡🤡🤡
Agree Tesla1, at this point the company needs to show that it is financed to more than survive for another year. Would be wonderful to drill a few holes at Blanca in some sweet spots, LOL!
With POG /Silver and Copper rising ballistically at the moment, it can only mean a bidding war at some point.
When was the last time that any director of Solgold did a roadshow around London, Toronto or New York?
Not going to get widespread Insto support by putting out tweets and interviews. Maybe they think that is a waste of their time....
Jerry, perhaps at this stage of the game they don't feel it to be necessary.
Whatever they're up to at the moment is far more complex than a simple cash raise.
Scott did a few presentations first half of last year, after each one the share price bombed so careful what you wish for..
Best for us would be less waffle from Scott and some financing news.
I agree addicknt, the cash to take Cascabel forward has been agreed, just not signed off yet.
When it is we will understand what form it will take and how we proceed.
We can safely assume this after we heard that Solgold has committed to the 3.2 billion dollars expenditure.
Quady/adikt. Maybe you could post a link to your latest claims.
If not, should I add them to your last 3698 claims that came to FA
I hope that you are right Add. Because from where I am looking, Gold, Silver, and copper are raging, and how have those rising prices impacted Solg's SP? No impact at all. Its as if solg exist in a parallel dimension where time and logic have no meaning, and investors are beset by odd folks who only turn up to gloat whenever certain posters post! How very bizarre!!
I really do hope that Bob is working on his cunning plan.
Phil I actually agree with you.
I've yet to understand why they let scotty boy on the platform.
I sincerely think if he presents many more disasters, we will head for a distressed sale.
Add, I tend to agree, so therefore we shouldnt expect many buyers to appear and equally not much of a rise in the sp.
It's not just solg that's not moving with the price of gold.
Look at 90% of gold exploration companies. Most are down.
Today's price of gold is completely. Irrelevant to today's share price..
What is relevant, is the boards apparent lack of any direction
Nobody invests in a rudder less ship.
Sorry, apart from the serial topper uppers on here
Or we were bounced into making a commitment we can't honour yet by a president who is willing to break international law in order to drum up domestic support. Clock's ticking and, with not even a hint of an announcement, it's looking like Scott is struggling not to repeat the 'slow and stupid' of the past. As someone pretty intelligent here called shortly after his announcement as DCs replacement...
To be honest nal after all these years a sign of any sale albeit a distressed one would be welcome !!
Eloro, this will not happen overnight.
We are still a few years away from proper value being attributed to Solgold.
However once construction does start, having a clear strategic way forward will strengthen and support the share price.
Cheers Quady, but some sign that there is a plan and that management are following that plan would certainly calm nerves which have been frayed by the never ending SR and now the uncertainty surrounding funding. Taking years is one thing, but giving the market the impression that we are a rudderless ship is quite another thing.
Eloro, I think SC's given us a pretty clear steer as to what he's doing. How many times does he have to repeat it?
As many times as required Add. Poor show with the SR. Plus, I prefer outcomes over lofty unfulfilled promises.
HfH, do you have an update on the grape vine rumours? Mid-April already and nothing on funding from our ceo. I am concerned!
Eloro, yes, I suppose that's true - some people are very slow on the uptake.
Add, you might be happy with the few crumbs of info dropped from Scott's abundant table, thanks to shareholders, but poor show from the man who promised to be the new broom and a change from previous management poor performance, or words to that effect.
Nice to see BBG asking Chris hard questions on X!