RE: Short info please27 Aug 2025 13:35
The chinese connection may well be a coincidence. But as I said, what can't be ignored is the fact that they took out an 18m short on a stock at levels that were already known to be ridiculously low... grossly undervalued was the CEO comment. Canaccord well respected in mining industry starts coverage with a low entry target price of 46p. The idea that they took the short out as a folio hedge doesn't stack up does it?? If you know what you were doing in the mining industry, then you'd have done the absolute opposite to what they've done. You go long SOLG and short some high toppy fluffy miner out there and there are plenty around right now. Add to this, it's quite dangerous to short stocks that have moderate liquidity. It's ok shorting BHP and others etc as getting 18m shares closed is easy enough. But shorting 18m stock on SOLG is not easy to close out.
So my conclusion is that whoever they are acting for... or whatever their hedge, it isn't folio based. Instead it is an insider. Could be Chinese. Could be Franco, or could be Bob and his Osisko mates. Why would they hedge? Well, things can go wrong and at the time of the hedge being opened, (April period 2025) SOLG had just done a fire fighting equity raise to Chinese. They had failed to deliver TSF. The CEO got sacked. And more importantly... Franco had not coffed up the much needed $33m second tranche. Lets face it... a short at 8p might have been a smart move right then.
But here we are now further derisked with some great Tandy results, Franco fully on board, and market waking up to the lost 2 years on SOLG.
Under normal circumstances you'd expect the short to be closed by now. But they haven't closed it. Furthermore, you'd have expected them to 'add' to it like they did back in April... but they haven't. So here they are... happy to short at 8p levels but not happy to add to that short at 16p levels lol! See the logoc there??
So by all means dismiss the chinese connection. But what you can't dismiss is the targeted short on SOLG at a time when the company was in the thick of it but that was only known to the insiders. And remember, the chinese have a man on our Board and have boots on the ground assisting SOLG with technical advice on ops. They know exactly what is going on and have known for last 12 months.
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