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Is it responsible mining if you do not do any mining I think they are trying to please local people but there is no point if they do not also build a mine are they doing that? Last week people on here said this would be sold but the share price keeps going down so I think no one outside this board thinks that or there would be lots of people buying and there are not. There was a big share placing but they is different.
Everyone here says that there will be a sale soon but why do so many people keep selling in the market the price is really low. Do the people who are selling not know about the the likely sale that everyone here knows about or is there some other reason that so many people are selling shares for such a low price? I bought on the merger news but the share has gone down and down and now I am worried there is something we don't know i hope not.
I dont really know much about bkackrock which fund do they have solgold and did they buy them cheap because i do not understand why they would see them for a loss from their fund. I would be unhappy if i was invested in that fund and they were selling now and losing money why not wait for the bidding war
Sorry for all the questions but was the share price when BHP tried to buy the company?
Thank you REDKnight for your indepth reply. The one part of this that i have worry about is the time now I have been in shares before where people have said that a sale will happen soon and it has been years or has never happened. Most people here seem very sure that there will be a sell soon so i hope they are right and it does not take over a year. I cannot see a bid for this company in the past has anyone ever tried to buy the whole thing? I wonder this because it seems to have been many years since the good drill results showed that there is lots of resources in the ground do you think they were waiting for a low share price so they can get it for 25p?
I have had some more time to read up on this and i think the price is down low because there is no certainty in the market about what will happen. There are people on this board who think they know what will happen next but if it was certain then i think the share price would be much higher because other investors would not want to miss out on a bidding war. So maybe no one actually knows what will happen but I hope we get completely sold by September next year. I suppose there is a chance that no one will bid for ages and the new investors will also wait like the big BHP are waiting. That could mean it takes years but i hope not fingers crossed.
Thanks for the reply SharketMare that all sounds really hopeful and optimistic which is good. I willl want my money out by this time next year at the latest and it sounds like that is guaranteed which is great.
Interesting and I hope you are right about the signs of a sale being there. I invested on the news of the merger because i hope that means a sale. Do you have a time in mind. Do you think it will be weeks months or years?
What does that mean DreamBoatWarrior? Are you correct about a sale happening soon do you reckon? Hope so as some people talking about how others are just ramping has made me a bit worried but you seem sure it is going to sell soon for a good price?
Well said, Sh4re. Lot of armchair experts here but no matter how much they repeat their points they don't come true. Long wait still here i reckon but hopefully not too long ATB