Member Info for highflyigman

Well, I think there will be some kind of corporate action q1 or 2 next year, that's why I've added another 500k shares since the cgp merger news. Just cast my AGM votes for mine and the wifes 1.3 mil shares in favour of all resolutions. Cannot help but think there is another surprise before the AGM, but we shall see.

Enjoy. C

I agree DBW. In recent days I've tapered my aspirations with this stock and If someone offered me 65p for my holding, I'd be happy to cash in and move on. Wish I had the opportunity to have bought in at these levels as my avg. Is circa 22p, but I have over 1.25 mil of the bl o o dy things, so that makes a decent profit. The writing is on the wall for a sale of some sorts and a good exit in the near future, I am now confident of that. I think SOLG have tried to hang on to find another Alpala, but haven't managed to convert since that great discover what is now many years ago. Makes sense to monetise what we have and give people the option participate again if they wish, which seems to align with recent commentary from DGR.
We may get that 78p plus price yet if we end up with a few major players trying to outbid each other, but that would be a bonus.
The value realisation event is coming though and that has been made clear now and I'm actually quite surprised more people haven't bought on the news, but I guess that's just the state of the market ATM.
The hardest thing to do is nothing, and it's just waiting game but I think we can all confidently predict the outcome of the strategic review and we'll all get some reward for backing this maverick of a company.
Have a great weekend one and all. C

No chance. If Hannam say 85p, Dazza said 78p, we've got to be in this ballpark given the widely reported structural deficit of copper on the horizon. I'd happily part with my holding for this kind of return too. Not long SOLGers! C

Latest comment from WI...

'This was step 2.9 in the 3 step process. What do you think the next step is?'

If SOLG could could kindly keen a lid on any further news until we hit step 3, that would be appreciated.

Can we the f** k on with this now. C

Up 8.88% - lucky number for someone ;-)

More optimistic here too Add.
Won't dwell on the details as it's all been said before, however there is now consistent narrative on some sort of corporate action in the near future from individuals who have serious skin in the game. I know many have had their hopes dashed before, however the timing is now right and there are now so many important factors now in place which make this time different. In these economic times, I'd certainly rather have one in the hand, than two in the bush.... so let's announce that we're up for sale and get this thing actioned off. C

11.18% up on the week - I'll take that. Copper on a good run too... let's get some more positive RNS's out next week which you've been sat on for ages Solg to keep this momentum going.

Thanks for bobbing in Daryl, Scott... I hope you brought a For Sale sign to your first day at work?

Have a lovely weekend ladies and gents. C

Closing comment from Twiggy...

"The Board looks forward to working with Scott and Dan and the Company is sure to benefit from their experience."

I like words like 'sure' :-)

C.

@eaayp - MH is Hardy going to say the opposite is he really? ..... MH ..'Righto stakeholders! We've divested all our non strategic assets for a decent wedge, made a ton of cash from inflated commodity prices, made it clear to all that we would like to pivot to commodities that support decarbonisation - now, anyone know of a tier one asset for sale with a proven future value that we might already have an interest in?' ... this just doesn't happen. TBH, the fact he's saying this in mainstream media indicates to me the opposite, so when they do make a bid, there is some sort of narrative out there to shareholders that they are taking a responsible approach to M&A. Anyway, who cares about BHP as there are plenty of other suitors out there. If BHP don't want Cascabel, they can just sit this out and watch someone take down this tier one which just so happens to fulfill their future mining strategy. BHP after being the bully boys are going to have their right to influence taken right out of their hands IMHO, and soon.

The CGP merger and subsequent lock up signed by all their major players was a game changer and the tables have now turned.

My holding here is large, and I'm currently under water to the tune of over 60k, but I couldn't be more content in my knowledge this will come good - and soon.

ATB all. C

I'm a relatively new investor here ( since 2020 ), and I accept your cynicism based on my experience, however I cannot help but think this time will be different.

@addicknt - I agree with all the points you reference, thanks for your input.

Time will tell.... Have a great week all. C

I've just re-listened to the Solg Investor call again from this week, and if you listen with the view that a deal for Cascabel / Solg is very well progressed - an awful lot starts to make sense in the narrative from various contributors. This may just be me being naive, but I cannot help but think a deal could land sooner than we think? ATB, C.

They are drilling Moran guys. The belief is discoveries are scattered round Cascabel in a 'hub and spoke' fashion, and it sounds as if they believe Moran could be another hub given they are spending money drilling here with very little cash runway left.

I am amazed the sp is where it is given the news we have had in the last few days. If a ftse 250 co. had releases similar news it would have darted up by now. Still, happy to hold.

Have a great day all, closer. C

Irwin made some interesting comments on Twitter over the last 48hrs.... looks like Cornerstone, Nick and SOLG are all aligned to block any destabilising tactics this year with realising value a common principle. We could do with a RNS for the DFS like we had for the PFS, that states when it will be delivered to the markets as that will be the start of a strong run for the SP. Not long now, the foundations are laid. C

https://twitter.com/bigdude6669/status/1578261273367961601?t=b_eCceBU7MC2WP0rNJsKBw&s=19

https://twitter.com/bigdude6669/status/1578505269088509952?t=TnF5ulUxNDR4LapcPR9D-A&s=19

managed to add another 150k but at 19.81....
The only way is up!
https://youtu.be/vjD3EVC1-zU

Regardless of whether this is the end game or otherwise, we should see some decent price action tomorrow. I've got a core holding that stays intact to the bitter end, however might deploy a cheeky trade first thing tomorrow as this rumor should lift the sp well NORTH of where we currently are. A few quid to be made regaedless ladies & gentlefolkers. C

DBW another 400k, RK must have added, I've added another 150k over the last week or two, father-in-law the same... same faces on here over the years who hold faith.... Surely we could add another % or 2 to Nicks consortium if he wants to loop is into the grand plan :)

Just added another 100k for the bottom draw.

Looking like another strong day for copper... are the storm clouds clearing?

Completely agree CD, this is on the CEO. We were told the company were working towards getting the shares pricec re-rated earlier this year when we were at 27p. Admittedly Solg delivered an excellent and believable PFS, but everything since then has been a s**7 show. This is unacceptable and we must now start asking senior questions of the leadership. C

Big Blow to Nex Chris Davis leaving... he's been stalwart over the years. Not sure the markets are going to take this well! All the best to him though, he's served his time. C