RE: Now we see why.......6 Aug 2023 13:17
Highflyigman - with all due respect, you're at risk of lading yourself down a well worn path that isn't really reflective of how business is carried out.
What SolGold says, or what any company says for that matter, is fairly irrelevant. It's what it does that ultimately dictates share price performance, shareholder returns, etc.
The "we're mine finders, not mine builders" is another nothing, almost throwaway line, a bit like some of the ones Mather used to throw our at conference time.
We're mine finders by the virtue that we've found a project that ought to become a rather large mine. We're not mine builders because we've never built a mine in our history. That's not to say SOLG cannot become mine finders and mine builders (I happen to believe they won't but I'm trying to explain how it's a fluid position).
The simple way to look at it is that we're not anything at the minute. We're not doing nay activities that can lead us to find any more mines and we're not building any mines on the resources we have discovered, so I'd adjust Scott's statement for him and say "we're mining dossers doing desktop work in the hope of attracting a bid".
That doesn't sound as good to the market though.
As for the direction of travel... let's say the company produces an optimised mining plan before year end and the elections are not detrimental in the meantime, we're back in the same boat. Smaller bid or no bid. If there's no bid then we might be reaching for our shovels and starting the decline ourselves. That begs the question of who is really in control here. Unfortunately for us, it isn't Maxit.
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