Member Info for HereforHemo

Subby probably two things have impacted the SP of late.

Firstly, a lack of news whilst investors await both the revised PFS and the strategic review. This has led to a low trading volume and increased volatility.

Secondly, the recent violence in Ecuador has certainly spooked some investors. You ask the cause and I'll try to explain what's behind it. I could simply say cocaine but it's not that simple. Ecuador is an attractive shipping port for drugs because its sandwiched between two top cocaine producers, Colombia and Peru. Furthermore they are the world's biggest exporters of bananas, meaning large containers are regularly shipped to the US and Europe and are perfect for hiding drugs. Furthermore two Mexican cartels have ensured Ecuador now account for 30% of the cocaine shipped across the globe. These cartels (who recruit the local gangs) are behind the violence as they fight each other for control of the territory. Its compounded by the Mexicans changing from paying the gangs in cash and now paying then in drugs, which in turn increased the violence. The current President of Ecuador. Daniel Noboa has designated 20 of these drug trafficking gangs as terrorist groups and authorised the military to 'neutralise' them, ie a shoot to kill policy. Its important to note the areas affected do not, and have not, affected any mining operations and as SOLG are doing minimal work at the moment, it wouldn't have affected them anyway.

So in summary, some are concerned and have moved on. Most are waiting for news on the revised feasibility study, which the company have said will be 'early Q1' and the strategic review, which is open ended but I assume will come shortly after the PFS.

Ashton thought you'd find this of interest.

Although out of Bluejay at the moment I'm still very bullish on junior miners this year and currently rainbow chasing elsewhere, trying to recoup loses.

All being well I'll return in due course.

https://www.youtube.com/watch?v=5qelnyR54s4

Eloro I agree with your thoughts on management, all management in Solg has been appalling to date and in my opinion self destructive mostly due to infighting. However, I'm of the opinion that SC deserves a chance to deliver. Whilst I don't agree with the open ended strategic review I believe both that and the revised PFS will come out soon and I believe that this is the year where Solg finally move forward and deliver value for shareholders. Of course I could be wrong, I accept that risk but all being well I think this is a golden ticket and I'm willing to wait however long it takes. Despite some calling me a clown and a muppet for being positive on this company, and being chairman of the ramping brigade, I'm really not. I don't care what others do. Buy sell hold, it matters not to me. Each to their own.

Dream people will always try to spread uncertainty on this board so its up to the individual whether they are believed. What's been rumoured would have to be voted through by shareholders anyway so just wouldn't happen. Think people out are starting to worry after today's tweet. I expect a strong blue day tomorrow.

Eloro you could well be right, not many (if any) do hit deadlines. However I'm hoping that their cash position forces them to get their act together. We'll soon know either way.

Fort that was my take as well, I think the PFS will come out soon and hopefully will be very positive in getting the SP back to a level that more accurately reflects the asset, and indeed brings multiple entries into the financial discussions. Those well down on their investment will continue to be negative until positive news, although have to say NAL put a very informative post up earlier which I very much appreciated. It echoed my thoughts that SOLG were very much undervalued and the most likely buyer would be Chinese. Personally I'm happy to hold and wait with patience to see what transpires this year.

Toplocks from kitchen sinking their flagship asset Dundas to reneging on strategic partners for both their Greenland and Finnish assets, which they were 'confident and optimistic' the day before abandoning them all, to announce a single focus on Disko, which KoBold haven't even agreed to drill yet, is very strange to say the least, especially as they're not even the majority owner. Their share is worth £4m and it's questionable whether in the current market their other assets hold any value and if they do, whether they can actually sell them. So I believe their mcap is accurate and I only see the SP falling over the next two months until KoBold announce what they intend to do. So, you fill your boots, I've taken a loss and I'm out.

Ashton, hope it works out for you and the family. Good luck.

1984 I think they'll hold rates as they are again this month and look to cut in March and May. They'll definitely look to reduce interest rates this year imo.

I may be wrong but I don't think tomorrow's interview will tell us anything we don't already know. I think he'll say the focus is on Disko and divestment of assets. Personally I don't think he'll add anything to that and I don't expect KoBold to say anything until March but hopefully I'll be surprised.

Commitment from local stakeholders and government officials 'outstanding' and revised PFS due with 'lower capital costs' , not long to wait for this to turn positive imo.

Ashton the problem is they've already completely totalled the SP with announcing a new strategy of a single focus on Disko. If they were to pivot AGAIN stating Dundas is viable after all. The very first thing they should do is make their bloody minds up!

Https://www.ev-volumes.com/

ToS never meant to imply we'd become a miner and it's not something I'd ever want us to be. I was just trying to highlight whether you think its gold, silver or copper that's the greatest asset, its all there, and on large Tier 1 scale. Hopefully enough for a major to eventually take it off our hands for a large amount of money. Fully agree its a speculative investment, high risk high reward.

1984 I would respectfully disagree with you. You only have to look at all the new car models being released this year and vast majority are electric. That being said, the exciting thing here is its a gold, silver and copper play.

Ashton FYI RM will be doing his interview either next week or shortly after.

Done lol

jesus, how do you form an opinion? from research you imbecile. just because i haven't been posting doesn't mean i haven't been in and out of solg for many years, not that it's any of your ******* business.

Gino the reason people say the revised PFS will be the 14th Feb at latest is that Scott has said it's expected to come out 'early Q1'

Stack fair point, investing is all about opinions and how the individual reads things.

Mog many thanks. I'll be very surprised if SOLG doesn't end blue today, and most days going forward. However, be nice to have the focus (and headers) on SOLG moving forward.