This is my third. Not a record to brag about, but with each one, as the sp lingers way down on any amount I might deem worth realising, I have stayed to the bitter end. Or is it? I've checked the wording on Polo's delisting and it says "they failed". I've checked the wording on Frontera Resources, which was even less focused on the appointment or otherwise, of a new nomad. The wording here states they are confident they will get a new one.
I assume there are rules around what is traditionally used in these notices. Has anyone ever seen this and if so, what do those suspension notices say? Are there any other examples' where they are confident or a new nomad appointment, and if there are, what happened next???
Itcdidcsoar on 1 specific day manyvyears ago I had been watching it for a few days and after the sp shot up I bought in and sold out in around 3 hours. Made £7k and was v pleased. But the spvkeptvon and on up to I think a max at 85p before settling back down in the 60p's. It was a Friday from memory..... around 2009
RE: Is it really gonna go Private18 Dec 2020 10:57
Sounds as if they would not be able to advise a replacement Nomad has been appointed until after Jan 6th. It gives me confidence, but not a huge amount given the circumstances, risk and Pol. Thanks Stokes1610. G
Just chatting, so don’t have too big a pop. I think 12 months ago, the majority of us PI’s thought 2020 was going to be transformational. It wasn’t. Although we have seen huge progress in terms of the perceived value from the some of the other prospects, Alpala has largely stood still and most importantly the share price has under-performed by let’s just say 50%. It should be around 55p, let’s say and its around 36p, so for arguments sake, let’s say that this is hugely disappointing whether you are in for the self-mining long term project, or you are in for the take-over short term windfall possibility. The AGM has shown that all is not rosy at the top of the shareholder tree, and all because NM doesn’t want share dilution and the big 2 obviously do. Other than that and the failed takeover offer to Cornerstone which obviously meant they would vote NM out, what are the prospects for Solgold going forwards? I cannot see Newcrest and BHP sitting as shareholders. They are both mining giants and whilst they can’t afford to see one of the largest mining prospects in hugely desirable copper proceed without them, where will these 2 be in 12 months time? I can see 1 cashing their investment in, and NCM has to be that 1. They have no Board rep and with the Chinese knocking at the door, I think 1 scenario is that NCM will sound out a buyer for the holding and leave this to BHP / Chinese. How can we PI’s see real value growth in our shares, so we are not yo-yoing between 28p and 38p? Surely 2021 must now become the transformational year that 202 wasn’t, admittedly covid has played a part but the Franco Nevada deal has happened and where do we go next year? We have to assume we are mining Alpala and we have to convince the market that we can raise the finance for the capex and set up and then the discounted NPV will start to be seriously considered. The other tenements will see plenty of drilling and RNS updates, but will this be transformational enough next year? I for one, do not think so. Thoughts / visions / expectations???
I fully expected us to be 40p busting today. Maybe the market is awaiting the AGM voting, but these sort of prospects on top of Alpala, Porvenir etc should see a re-rating soon. Keep the faith. This little beauty is going to rocket one day.
I've checked the wording versus Polo and its different but can we trust Tang? With Polo they were to find a replacement Nomad. With GCM, they are already in DD with the replacement Nomad. So it seems better but the sell trades suggest nervousness