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So according to Scott and co... they've got interested parties in the 100m shares yet the same interested parties weren't interested in Berry Streets 40m shares at 11p?

Mmm...but they were interested at 8p.

Here's an idea Maxit.... next time you know a large seller... how you pick up the blower and get the 40m shares offloaded at 11p rather than 8p... makes perfect sense unless of course the 40m+ shares are going to your own mates in which case the lower the better seems to be the game these days.

I very much doubt we'll get a TR1.. but as I said a few days ago... why oh why were the chinese not mopping these loose shares up? Why didn't Maxit act earlier? Why leave the share price to natural market forces? Aside from the directors helping themselves at a nice sub 10p level, I'm beginning to wonder whether these lower share prices suit Maxit.

I'm not impressed at all. Nor is the rest of the market by looks of things.

Thanks JG1964,

My view is that the bluff game is over. My belief is that after a year they must have someone interested who in turn is keen to see BHP kept at bay. Get your votes in early and just like the 'please please letter' sent out to shareholders ahead of Mather's inevitable headchop... they'll see the numbers voting against them... they'll know what's coming and you know what... I think you suddenly hear that they are in advanced talks to sell ENSA that may or may not result in sale of the entire business. That's what happens when you turn the screw on these types of guys. Turn the screw... and then you'll see them fight for their lives. At the moment... it's all too easy for them and they are fully in control.

Sometimes you have to say enough is enough of the BS quarter on quarter promises and call those responsible to charge.

If they don't have something pretty solid lined up after 12 months then there's no way they'll have anything different lined up in Q1... just just want to dangle a carrot to get them through this AGM and buy another 12 months. Same as year before and the year before that. Any super major interested in this project cares not a jot for PFS1, or PFS2 or PFS3. They'll develop it based on thier own purse strings and deep pockets and not some pony $1bln capex. Tier 1 assets are for super majors, not minnows.

If you want draw management out on what's really going on... the vote against them at upcoming AGM and then you'll soon see what they are up to.

And who would have thought it... PoG zips through $2000oz again (wow!) and SOLG are sub 10p. That tells you how dire and poor Maxit and Scott et al have been this year.

Even the GOLD trackers have no interest in us. Bonkers.

The Italian,

Hopefully Scott and Maxit can deliver something meaningful news wise before the AGM and swing my vote. My vote is against them right now and they've zero to earn it. So believe me when I say this, at the moment unless Maxit or Scott can deliver something that shows they genuinely have the ability to get the job done... it's over to BHP and Newmont. Look at GGP as an example, they've been done over by Newcrest.. done over by Wyloo... and yet they are still valued at £400m or so based on a small 30% stake in a resource that is tiny compared to Alpala.

As I said, there is no way BHP or Newmont can do us over with the shareholder base and voting as it stands.

Let hear what they have to say... lets see if they are even interested in sticking directors on the board and steering this forwards? Lets see what they can offer. If we don't like it, then we can boot them out. There will not be any resolutions passed that enable them to flood us with shares.

I know it feels like shooting oneself in the foot but lets face it... surely the market will give us more credibility with a super major fully involved rather than some management bods desperately playing dodge the bullet while they play some pretend 'buy some time' game which inevitably is going to end up looking pretty dire based on what they have delivered in first 12 months. Harsh but fair.

All they need to do to gain my vote is give me a decent recent to vote for them. At the moment, all they have done is line their pockets, dilute the rest of us and lower the averages so THEY can take lower offers. Next year... much of the same as I 99.9% certain that they will not miss the chance to pocket those 100m CGP shares on the cheap.

SOLG are no where near delivering a monetisation event because all involved and under NDA's must be thinking... why make a move when this muppets are just reducing the price for us by the day!

BHP and Newmont do not have enough shares to be able to dictate things so don't fall for that one. There's too many shareholders of a decent size to vote against BHP and Newmont should either try anything underhand.

So the idea that by voting Scott and co down at AGM is going to hand us to BHP and Newmont on the cheap is nonsense. The CGP boys have had their chance. It's time to give BHP or Newmont a chance to see what they have to offer. I believe there are takeover rules that prevent them from offering low balls or diluting shareholders based on their previous stakes they've taken.

Based on what I have seen of late and the way that SOLG management and Maxit allowed the SP to fall to 7p levels tells me that they are not capable of getting anything done that will add shareholder value. I would go as far to say that even a low ball by BHP/Newmont would likely be a better deal than what these guys can deliver.

It's been a woeful performance this year by the new management team and voting for them to do the same next year is not my idea of investing. The PFS in Q1 24 is just a carrot/ruse imho and I thought it was very telling that they did not put a DATE of Q1 24 on the latest RNS. Instead... they left it open. I wonder why!

I'll be voting the lot of them down unless they give me a reason not to. Edn of. They have 4 to 6 weeks to come up with something more engaging than some weal ... ermmm... we will look at waterered down PFS in Q1 24.. . but that might be Q2 or Q3 24 depending on how the numbers go.

Maxit, Scott and co are the main reason we are down here at 9p levels. Not Berry Street.

Tend to agree, I'd summarise it as 'best and worst week' SOLG have had in a long time.

Scott and Maxit have approx 6 weeks until AGM and a few voters will be doing it early doors, so it's more like 4 weeks.

They are due to announce the AGM date via RNS as the SEDAR version has not made it's way through to LSE as yet.

No one wants to say it as tempt fate and all that but I think the 'bottom' is in now and soon there will no longer be any opportunities to bag SOLG shares under 10p. Black Friday came early for anyone that snaffled a wedge at under 9p.

The CGP have a lot to do and prove before the AGM imho.

MM's will be keen to tempt some of the 8p traders to offload with nice 20% profit. Then likely move it up into double digits. They've already done one little shake out move and had some success.

Doesn't take a rocket scientist to tell you that management are going need something big and juicy news wise to make life less stressful heading into Dec AGM. Down to almost 6 weeks left now. I think they'll have to chuck us all a bone before then. So could be 15/16p again pre AGM and that might just save some heads from rolling.

Beginning to smell a bit like BS ....

are cleared at last.

Shame the BS will continue on these boards looking at all the green lines. They are busy bees. 1p per post... isn't it? About £2 for a days work. Still cheaper than filling out all those online surveys for a free bag of crisps?

KapilD, whilst the VWAP is likely to be referenced in any bid situation (they always are) it's not usually the basis for valuing an asset. An Asset like Alpala or ENSA is valued based on industry benchmarks/resources etc. What I would say is that the lower the share price is over a longer amount of time often results in a shifting shareholder base whereby newer investors (buying at 8p or 10p levels) become more than happy to vote for 3 x uplift regardless of asset value. Someone that bought yesterday would likely be very happy with 24p bid offer. Someone that bought a year ago at 24p would not.

As I've said before, I think SOLG management are keen to extract a bid even if it is low ball so that even will then kick off a bid war. The final price likely to be much higher... like the Noront example of early bid at 55 cents and final bid at 110 cents.

So following that example, an early bid at 24p might end up as 48p. New Management want a sale so from the outset we had likes of Irwin suggesting that £1 or 80p+ etc was pie in the sky stuff. The 'lowering of expectations' by the CGP boys started long ago. They would have been fully aware of the damage a 'missed' Q3 or Q4 strategic review date would deliver. And before anyone says anything... it was said a number of times that Scott would deliver his 'plan' in Q3/Q4 23. Not Q1 24. So with cash pile running down as well (about 9 months left but really more like 6) the CGP are imho pushing shareholders into a tighter corner whereby they can deliver a poor bid offer that is credible (eg 3 times higher than current sp) but with intention to draw out BHP or others who know the real value is near 6 to 10 x current sp.

You won't get anything from Berry strapped inc. But we might get one from the chinese showing a move into 7% level.

Might be some big ones coming in after hours which could see us tip the 60m volume mark.

Shame it's had to happen at 8p rather than 38p but the latter was hit after the covid drop and that was on anticipation of PFS update and not much more. Market were flashing a bit more leg then... granted.

At last someone has found the leek and got a pumber in! Hooray!

Lots of them. If bubbles was here we'd be on for bucket loads of news then!

Hardly worth it. 1 share at 8p. Suppose these tracker funds have to justify their fees some how!

Unfortunately, I think Scott and Bob are trying to hide their failures and blame the SOLG share price decline on sellers like Berry Street. The reality is Scott... BOB.. Maxit... the share price has been thrown to the wolves by your inability to deliver investors any reason what-so-ever to either hold the stock, buy the stock or add to a watch list. Citing ... ermm.. think we'll do a new PFS in q1 6 months away is like opening the door to an American XL.

The share price is down here not because of Berry Street but because of Maxit's failure to deliver any kind of monetisation event. End of. And when the AGM comes... they'll find out the had way unless thye pull a rabbit out of the hat.

Just a thought but the recent slide in PFC might be down to some forced sellers which the shorters jumped on the coat tails of and made it worse?? SOLG effected by a heavy handed fund called Berry Street Capital selling 1% holding in a light and unfriendly market eccentuating the falls.

Quite a few funds out there closing due to the lack of investors ... high interest rates etc offering better returns in volatile market. Generally, HNWI's tend to invest in risker stocks when interest rates are poor. If rates are over 5%, they are often happy sticking cash in for those returns while market sorts itself out.

PFC's woes at moment stem from MENA region issues limiting likely new contract awards and of course... persistent inflation which is dropping but slower than most forecast. So net sum of that is... legacy issue to roll into Q2 24 when previously cited to end in Q1. Tough times at the moment but can change very quickly if China suddenly reach for the stimulus button.

I don't think the mm's would need to take it into the 7's if Maxit or Bob had some buyers lined up. At end of the day, what message does it send the markets when you can't manage a minor 1% small holder exit at 8p and yet you suggest you have a buyer for 5% wedge (CGP) shares lined up and seemingly a much higher price???

Doesn't stack up does it? If you had interested parties in the 5% stock and near 16p or 17p then surely those parties would be lapping up the stock from Berry Street at 8p?

All Bob or Maxit has to do is get one of those interested parties to mop up the stock. That should have happened a week ago at the very least. It's Maxit and Bob that have dropped the ball here nothing to do with reduced liquidity or likes of Berry Street.

Based on the current fiasco and based on zero news over 12 months, I have to say Bob & Maxit's reputations are taking a serious hit. They were supposed to be deal makers? Savvy market players. Mmm. Maybe they are 'past it' now and should follow Berry Street chumps and wind things up. Leave the money deals to the new kids on the block.

Also, the real money players with deep pockets rarely trade before 9am so the real action should start in around 30mins. Going to need buyers otherwise mm's have no incentive to maintain sp and instead will go fishing.

Also, worth noting timeframes as directors bought at 9p or 10p levels not long ago so it wouldn't look great if they then provided a terrific update today would it? So think there has to be sometime before to allow for fair market otherwise it could be construed that they have suited their defence based on their own personal top up trading intentions.

Anyway, putting that aside, now they have their director buys banked... perhaps Maxit will ask his Chinese buddies to step up and swallow 10m shares?

Berry had 1.4% in May 2023 I believe, so assuming they've got away over half of those, I'd say 10m to 15m shares left. We'll start to see the mm's print some 2m blocks or 2.5m blocks soon I guess.

Blackrock sold their 5% down over a 6 month to 9 period doing it in a fashion that met with liquidity demands. Berry Street have just been very heavy handed.

Might take a while post the initial recovery as you'll have the 10% skimmers and 20% profit takers exiting. They are here for quick profit and not the SOLG ride... and that's fine.

You'll know when Berry Street are almost done as the sp will be high 9's pretty fast.

Gapped up on this am's open so they might want to close that so they invite more traders in.

Still amazed that Maxit knew this was going on and couldn't find a buyer for the stock. That's the shocker. Most well connected advisors know how to get stock overhangs cleared.

Berry can of course sell at a set price so if they want to sell at 7.5p... then that's up to them. They might do that just out of spite as clear they have closed due to lack of interest in their fund and under performance.

I doubt they have more than 10m left based on last few days and weeks trading. If that!

I'm also surprised that XIB haven't bought some of the back. Lets face it, that's got to be their best chance ever of getting 15m shares closed out at near 8p.

Red, my point is, you'd know about it if Chinese were mopping up stock as we wouldn't be at 8p. It's clear that they haven't got stuck in on the scale required to absorb a minor 1.2% holding from the Berry snot street boys.