@earthling - "It�s hardly likely we will have to wait 6 months as you suggest before re we see a re rate" The thing is, you were saying that six months ago, and six months before that. First it was the Toronto listing, then it was the London main market listing, then it was the maiden resource estimate, then it was the Aguinaga kick off. You've predicted a re-rate or multibagging as each of these events have approached, and none of them have yet had any significant effect on the share price. As I said before, it's not because these is anything "wrong" with the approach the company is taking, or that the four milestones mentioned above were in any way missteps, it's simply the fact that - generally - investors don't want their money tied up in non revenue generating "exploration"-type stocks for long and unpredictable durations. This is especially true in cases where the penny stock phase - where it was possible to imagine a very modest invesment (or perhaps just a few k) paying off your mortgage in 2 or 3 years time - is long gone, as it is here...
I don't think there's anything remotely "brave" about buying in now. Bravery in this context would be making an investment that carries considerable risk. Like buying into an oil explorer pre-spud. SOLG is largely de-risked, as I am sure most here would agree. The issue is timescale. You could buy in now and have your money tied up for 6 months will little or no appreciation in value. I say "could" not because I think that will happen necessarily, but given recent performance, clearly it is a possible outcome.. The fact is of course that most investors in this type of stock are looking for quick wins. The timescales here are not clear, and that is why - for me - an update to the MRE in isolation is not going to trigger a re-rate.
@maestro1 - is there any uncertainty about what is going to happen? It's a genuine question, as I don't know. But if there is not, I would be wary of getting too excited about this "flying" once the Jupiter event happens. News gets priced in when certainty exists. Ofc, this doesn't preclude the possibility of a spike as the MMs look to cash in on hype.
Not sure there's any "issue with people making money". The issue is that this is a monster of an overhang which is going to weigh heavy on any substantial SP rise for months, if not years to come. The IPO can happen, the Steelmin success story can happen (perhaps)... but unless you get interest for literally tens of millions of shares from new buyers then the SP will make little or no progress. The MMs will play the volume and take advantage of any and all sellers showing willing to offload at these levels.
I would think anyone hearing from a CEO that he will "consider" paying a dividend would look at the character and history of the person making such a statement, and draw a conclusion about just how likely a dividend would be, also considering what other motivations might exist for that statement being made.
I don't think you can really berate someone for failing to address the positives when you're equally as guilty in failing to address the negatives. And if you're suggesting that the warrants are in any way a positive.. well sorry, but I've never been involved in a share where warrants issued at a discount to the current share price have not had a dampening effect on the share price until they are fully exercised. Sure, there will be a capital injection from the exercising, but the mere existence of the warrants puts off potential new investors (savvy, well-researched ones anyway) because: a) the company's demonstrated willingness to issue discount-priced warrants during fund raising suggests they will do so again in the future (thus diluting existing holders further) b) the MMs will be able to hold the share price at current levels (if not drop it), knowing that they can expect a willing seller to keep them supplied with shares if buyers come in.
That would be a very fair comment for many AIM-listed companies. Might even turn out to be true here. However, you can't deny the dilution here has been astronomical over a number of years. With that history, it doesn't seem too alarmist to draw attention to the 500 million authority.
Perhaps you should take the Andrew Bell investor relations 101. Rather than saying "Production will start next month, imho", you would learn to say "We hope production will start next month". Which is course is about as meaningless as your self-proclaimed humble opinion.
oh no, I don't think many would agree with you there. Red rock are different because almost every investment they make is a bad one. And each time, it is announced with the same hyperbole, a certain number (though apparently reducing each time) of mug punters are drawn in, and then there is the inevitable silence before it becomes a bullet point on page 6 of the presentation and AB moves onto the next big thing. Granted, one of these days, one of the investments probably will land. Maybe you'll be the lucky one to have invested at that time. Maybe. Doesn't change the fact that this is a disaster of an investment in the long term for absolutely everyone, and a spin of the roulette wheel in the short term because the BOD have messed up so many times before, and it becomes very hard to believe the picture that is painted.
You say that as if 5 years ago was just an aberration and that the performance here since has been acceptable or good even. Of course, the truth is that this company has been one disaster after another for years. And even accepting that there was a downturn / bear market around the period you are referring to, the truth is that many AIM resource stocks began to very successfully climb out of that a year or two ago. Whereas good old AB still blaming the bear market for all of his woes and suggesting that it's only just turned around in the past fortnight!