RE: Prime Takeout Target: SolGold A Leading Billion Dollar Development Company in Ecuador.16 May 2023 12:33
Even by his own standards, the amount of attempted inuendo in Red's post (count the ellipses) is impressive.
Nothing fast and smart from Bob because he requires a buyer.
No bid because no one needs to. Majors and state-backed vehicles with deep pockets don't take pity on small caps. They almost always get them on the terms they want. Or they hoover up the pieces when they fail. Please don't lower yourself to a repetitive ramp about Noront, the one example of competitive tension anyone here seems capable of citing (in a diametrically opposed jurisdiction from ours, with proven mineral extraction).
Call it for what it is. An ambitious explorer that has been 'managed' in too many directions recently, and now has neither a credible bluff of financing and development, nor a clear road map to monetisation. Just Bob making claims about inflicting pain on companies for whom a 6x MCap takeout of solg would barely appear in their returns.
To those who say anyone with realistic concerns about the company should sell up and shouldn't post here, I say this: if you believe there's no truth in anything I say here then the risks must be vanishingly small. Please don't reply until you've sold the family home, moved into rented and invested the proceeds in solg, certain of a great return. If you haven't done this, it's because the offline, real-world version of you shares some of all of my doubts. And yet you're not selling.