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If people want out of this share, I can’t see the point of selling now, when sentiment is so low. Resource update, drilling news and finances news on the horizon , AIM shares tend to rise in anticipation of news (good or bad) so I am expecting a slight recovery in price. People buying high and selling low is bonkers to me. Might as well wait until then. Personally I am holding and hopefull for a rerate. On the 22nd sept LC said we are funded for the foreseeable future. The JV was loaned £790k for their work and no doubt the drilling will take a Chunk of our money, but we have the necessary funding for the next two months. so I will wait and see what’s happens
22nd sept interim results
‘The company raised £1.1M in an oversubscribed placing which has put the company in a solid financial footing for the foreseeable future’
He has indicated that there won’t be any raise anytime soon. I do fell mislead, leaving it to the last day to signal a delay, I would be fire if I did that at my company. Lucky my ave was low around 2p - all I can do it sit and wait this out. This is the worse time to sell imho
Last week there was a tweet nearly every day- which showed a lot of confidence the deal will be done. Now there hasn’t been a tweet for the last two days . They must of done the deal imho
I work in construction and understand how conditional contracts work. Our interest in the project is dependant on the finance being concluded, hence why the market is having trouble valuing KAT. It’s all or nothing. What gives me comfort is that the JV partner has extended the option 2 times already and we have lent money to the JV . So we are all tied into together. Fingers crossed. Will take profit though on any spike . Egg
Just found this share. At 10,000 tons at month, what profit are people expecting ?
Thanks about much LC can pay himself once the mine is up and running? - he now has shares in the company also from the recent placing. That signals a buy here to me
The reason why this stock has been left out, is beucase our interest in the project is contingent on the finance. It’s all being wrapped up in one go. I am in though and positive
LC - says the 14 potential funders we’re interested at ‘project level’ . This means to me debt, royalties or streaming options , all of which would be good outcomes for Shareholders. The project isn’t fully funded yet, contrary to some posts, hence the discounted share price
I agree, target around 15m sounds about right. I got in a 2p and have sell orders at 3.5p , 4p , 5p and a little at 6p . I don’t tend to hold a little aim shares like this for too long as a good profit can quickly be lost.
With all this exploration company the realisation of the asset value is always the most hardest thing to achieve to close the gap between the market cap and NPV. Solgold doesn’t have this problem with basically the worlds mining giants wanting the pie. Expect a very competitive procurement process. The directors of solgold have an opportunity here to significantly increase the share price- let’s hope they take it
What’s the market cap after yesterday rise ? It’s showing a different number on various places I look. Thanks
Although I don’t like doing share comparisons - HUM is the closer I can think of, which has a market cap of £81.
Investing in the AIM is not for the faint hearted, but if u do then this sort of profile is the holy grail. Just got aboard and look forward to the next couple of years! I haven’t decided my exit strategy yet !
If u believe in the underlying assets, partners we have and the CEO. Then my next question is a matter of solvency, it has an income for the next 18 months or so, but beyond that I am just hoping the share price is higher enough to allow placings, otherwise we don’t have an income to sustain ourselves? Unless I have missed something? Newmont really do owe us a favour and need to release a statement and the results of their current review, identifying and reaffirming targets, committing to rock chip sampling and a drilling campaign. Until then we will get the odd spike and be subject to the day traders. I probably have too many shares in this, but I believe IMO assets. We have attracted the right interest. I can’t see newmount pulling out until the results of a drilling campaign so I am Happy to give it another 12 months at least. I am. It worried about the recent weakness in price.