Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Really? HH and IOW? In real terms when all the running costs etc where taken into account? Maybe you are right.
The problem is, opp03ite, that having the majority if not all the shareholders in a state of near ignorance would also be a very good ploy if you were indeed doing sweet FA and getting paid very nicely for it thank you very much. Now this is a (not that new anymore) new BOD and although the details have changed the reality has not. Hence the "normal frustrated reaction for something you are not aware of and or don't understand." - is one way of describing the ongoing nothingness that we ALL have here - does anyone actually want that? If this share was not suspended it would be doing what it has done for at least three years, stagnating with a vague and ever rolling onwards one or three month "delivery of something" time and slowly dropping with quicker drops and little rises every now and then. Shareholders slowly lose and eventually will lose a lot more if a dilution is required, board gets paid, "consultants" get paid, other third parties either get paid or start circling looking for easy pickings at the death. Now whilst my synopsis of doom may not actually end up happening (and I hope it does not as I am a shareholder here again) I defy anyone to say that for the last three years this has not been the case - old BOD and new - and that apart from "hoping" rather than expecting or having any confidence in we are most likely looking at much the same. The last RNS seemed to me to be preparing us for it. Solo's original stated aim was to buy assets, add value and then sell for a profit. The first it has done with your money the second bit is debatable because the third bit has NEVER come close to happening!
Areilarrow - "positively deluded" is not really an oxymoron now is it? It is used here as an expression of emphasis in that you are emphatically and perhaps even a little surprisingly "deluded". "Positive" and "deluded" are not really antonyms nor is their use together that incongruous.
As for all those assets - well yes keep hold of that list because in two months time when this finds its way back onto a market (we hope) there is going to come that traditional moment in the Solo cycle - the moment being when funds need to be raised in order that the company keeps doing not much and the BOD kept in the manner that they have become accustomed. Maybe loan, maybe dilution. You will need to bandy that list about (don't worry it is a pretty old list that has been well bandied already) because we will be between the rock of dilution/borrowing and the hard place of going under. The normal mantra, which Cperkins will explain, is to bandy the list then say how everything will fall together in either one month or three and finally say there is no other option except lose the assets. Now I hope considerably that this will NOT be the case, I hope that what was said will happen does happen and that we can all get out of this with something. However the RNS today and the final comment clearly highlighting the likelihood that this will not happen does not fill me with a great deal to be positive about. I hope but I do so against expectation. That I asked you if you had read the last line of the RNS was a genuine question as having read it myself it is difficult to comprehend that it should give anyone any other feeling other than "wary" and that is being as positive as possible!
ArielArrow - nice to hear you are positive but your sentence would have made more sense if it had ended "positively deluded".
Have you actually read the RNS? Have you read the last bit?
Hey dealbreaker i know it is nothing to do with solo but as you brought it up just what did you mean by "relatively" clean in your post. I mean they were either clean or they were not clean. No wonder they got checked out!
Redfrog77 - maybe they consider them worthless which in a way they are if you need cash now. Like I said 3 days after suspension " when " these get back on a market in whatever form is the most pertinent thing with Solo. Why? Simple, because Solo never achieve anything fast or as a matter of historical fact anything at all. What happens when the 6 months is up?
"By the end of the month" has been cperkin's go to mantra for OVER three years (at least) old bod and new. His only other comment is some variation like "early next quarter." But don't take my word on it just look at his posts!
As for the earlier recommendation to put these aside for 6 months, I would keep an eye out earlier than that as what happens in 10 or 11 weeks from now if we are still suspended? The 6 months will then be up.
Babelfish66 - If you read and understood what I posted you would know that was not the case. To reiterate. My opinion that this would stagnate or drop slowly for as long as it did was based on the knowledge (not feeling) that Solo was both not capable of handling its own destiny (as it was over a barrel by several 3rd parties - an observable and known truth) and in a position where its board of directors could still happily be getting paid for doing little if anything. Also that purchases of companies it had no expertise or interest in were made and would be continued to be made without adequate funding to do so was also "known". Three years ago it was an observable and known FACT that Solo had on not one single occasion shown its own business model to be viable - the business model being something along the lines of - invest, improve and then sell to invest again and so on. Three years later this has still not been successfully shown - ever! The key to the stagnation and slow drop is that the same old story (slightly reinvented) can be constantly peddled and any rational thoughts, such as those being read now, are shouted down. Hence we are now suspended and waiting for a deal which is in essence just a much larger but otherwise very similar thing to what has happened or been attempted many times before. The stakes get higher and higher, the potential returns gets talked up higher and higher but nothing happens. This is not a feeling, it is not even a prediction if truth be known it is what I have always said it is an observable and for most on here, inconvenient truth. Cue the only response which is "how can someone invested here be so truthful he must be an idiot" - perhaps I am because I have got trapped in this suspension.
Babelfish66 - No I don't claim that, have never claimed that and I certainly did not know any of that. My feelings that this would stagnate and slowly drop was based on the facts that Solo was held over several barrels by third parties and that those involved in Solo (be it BOD, third parties, governments etc) were all in positions where doing nothing might end up being beneficial to them. The only "losers" would be the shareholders who would in one way or another have to keep paying out. That and the worry that eventually the assets, such as they are, might eventually get whipped away for a song was my main concerns. Funnily enough I read today an earlier comment which suggests someone else now has a similar concern.
I sincerely hope that this now turns a corner and does well because I reinvested here on the very strong belief that the sp was going to spike. I now am increasingly beginning to think I have been burnt twice but lets hope not hey?
Yes itshenderz that is all well and good but it was the BOD that bandied about mid q4 2019 so it shows a poor level of planning/management at the least and possibly something worse.
I know one thing about you though trrime and that is enough.
Three years ago I said that Solo would stagnate or slowly drop and YOU and most others said I was talking sh** and should go away - guess what happened? Take a look at three years worth of charts!
When Solo was buying into Helium 1 with money it did not have I was desperate it did not buy the second tranche - guess what it did not and that was for once the right decision brought about by the actions of the likes of Bigd.
I said then that Ritson could not be trusted and the old BOD needed to go - I said this so many times and was told to F*ck off many times but guess what? Eventually everyone wanted them gone!
I said this share was going to spike and it was doing so until it got suspended!
THREE DAYS after this share was suspended (now three months ago) when everyone was going on their childish guessing game as to what Solo (or whatever form it had become) would be at "by Christmas" I said it was WHEN it was going to get back traded in whatever form that was important thing and that it might not even be being traded by Christmas - I was told to stop being so negative! Guess what! Look at the date - Mid Q4 2019 is Loooong gone as is Christmas and we seem further away than ever.
So trrime I may well know as much as can be written on a postage stamp but if you get your microscope out and take a close look at it you'll see I have been right far more often than not. This is not because I am some "sage" but because it was all so obvious. The thing I was WRONG about was that I was surprised the suspension happened when it did and that is the only reason I am now stuck in this tub with the rest of you.
Rest assured trrime! Your reputation is legend or infamous is perhaps a better word.
Fjones40 accuses me of coming out with dribble "day in day out"! Good lord! I may "go on" about this share (with very good reason) but I back up my opinions and they have been shown correct far more times than not. Still to be accused of "dribble" by fjones40! I mean for crying out loud he should know dribble when he sees it! I NEVER have any time for trrime except when he tells you that this is not facebook! Also fjones40 - this is not mid q4 2019 is it? Or September 2017 is it? Or any time that has been imminent over the last three years is it? If you have faith in the new BOD then bully for you - I have grown very tired of needing "faith" and not seeing any results but each to their own.
"But he should not be doing so!"
This should read - but he should not need to do so.
Again I have to both thank bigdouble for posting this information but also point out that what he is doing is forbidden, for very good reasons, by this forum's rules as any personal correspondence cannot be validated as correct. Much as it placates people's feelings on here it should not be being done in this way. The company released an RNS today and could not find a way of including a few words that could have conveyed the same message? Bigdouble is doing their work for them! But he should not be doing so!
OK ArielArrow you make your assumptions and I will make mine. But if you are right then they are using some very expensive candles!
Excessive? It is a disgrace. This kind of behaviour has been going on for years both old BOD and new. Always, always, nearly there as the gravy train rumbles on at all our expense - it is an expensive train to keep going!
What do you mean "priced in"? Share price? We don't even have a price! I am not being deliberately obtuse I just don't know what you mean!
"Reckon we should get news by the end of next week, deal / no deal.."
Why do you reckon that? I certainly hope we get news today but I don't know why you "reckon" what you do. I mean all the evidence of the last three years - old bod and new - points to absolutely sweet FA happening - and we'd have to wait for that!
Wait.... Same story now for many years - in different guises, of course, but essentially the same. Wait, wait just a little bit longer. We are now waiting in order to be told how long we have to wait until we can get back waiting for what we originally were waiting for. What annoys me is that this was looking like it was going to spike and now we are in whatever the waiting area is called before you can get into limbo!