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I have unfortuntalyvbeen holding these shares since early 2000, been diluted to death by Prof Conroy and hopefully there is light at the end of the tunnel. Never seen a mining company use a bucket and spade for 20 years to come to a JORC resource and promise what seems like forever for a mine.
I did support NM and am sure with his shareholding this will not be sold out cheap. But I have to agree with your comments. A tier 1 asset and possibly more tier 1 finds but treated like a leper by the markets. You gain trust by hitting your deadlines.
Bozi that's exactly what I'm thinking of doing -trade this share aswell as others -been holding long term for 8 years now and been through many ups and downs with this company. Just holding no longer makes sense to me. As some of you rightly say, don't become attached to a company, I am investing to try to make as much money as possible and a change in strategy for me makes sense with Solg. Maybe I will make money but maybe not but holding means I make paper money profits to see it drift down again and repeat. No profit gets realised. FOMO always stopped me trading Solg in the past.
Now the board dont need your vote they could not care about newsflow. A month into 2021 and we are left in the dark as we were most of 2020. Have they ever hit a deadline on delivering anything. God help us if they intend to build a mine. As you say lock in a drawer and watch the other shares you could have invested in shoot off into the distance. Maybe as a long term shareholder, it is time to trade these shares.
I think someone has mentioned this already, the problem with Solg is share price fatigue and a low bid offer being accepted by disillusioned shareholders, who have had enough of the Solg price movements compared to other companies with next to no resources. I have been in this share for 8 years, topping up over the years, but boy does this test your patience. Hopefully, in the next 8 years we could see a few mines being under Solg (my hope) or someone else.
I think someone said the BHP, CGP and Newcrest hold huge 41%of the shareholding in Solg, yet could only muster 5% of other shareholders to support them. With all the negativity I read about Nick by certain contributors to this board, I think the remaining shareholders voted to trust Nick more. The big 3 have a duty to their own shareholders not to Solg. Nick has stuck a finger or 2 there way that they will not get their hands on our shares on the cheap. I respect that and if Nick makes money as I believe he will from his shareholding, we will too. Well done to all no matter your opinion as you are rightly entitled to. i enjoy your comments.
When do we find out how much of excess shares we applied for were successful. The broker has taken the full amount for the excess shares I applied for. I hope one day we will all get the payday we deserve. Hopefully onwards and upwards.
NM has the guts to stand up to extract maximum value when the time comes and is not looking for a seat on the board of a major. He ha d my vote and agreed will stand up for the PI's - everyone can wish to differ in their opinion.
Well put - BHP are not doing this for you, their doing it for their shareholders and will try to get it as cheap as possible - at least NM has a high stake in Solg and he will want to make as much money as he can - if he does, we do