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mattlilly
Posted in: SOLG.L
Posts: 10,704
Moving up again...bid for 400,000 shares but...more importantly....Bid for 100,000 at 16.71 against a market quote of 16.66...
Copper now up 8% in 24 hours...looks like a breakout but it needs to clear $3.70 for a convincing turn...That would be timely with the SOLG PFS Addendum imminent...
Waffer theen meent... addickt...?
They were red shorts...
50p by Friday novice...?Seriously though, it strikes me that the 6.7% stake sale would be annunced in Canada because thats where CGP are listed...So it coiuld even come afterhours today...Then watch the SP on Monday...
https://seekingalpha.com/news/3901899-copper-iron-ore-rally-on-ramped-up-hopes-for-china-covid-reopening?mailingid=29593590&messageid=2900&serial=29593590.16633&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=29593590.16633
This has caught fire...heading fast for 17p...bid for 300k again...16.78 paid...
Wow! Look at copper go...up 7% in 24 hours...
250k removed...was it filled or has it been withdrawn temporarily?The latter I suspect...they'll be back...could be the 6.7% stakebuyer topping up in advance of the announcemenmt...Ah...there they are...bidding ABOVE the market for size...
Solgold won't be building the mine...SOLG and CGP merging...CGP selling a 6.7% stake in SOLG...presumably at a premium...Maxit Capital (M&A specialist and 20% stakeholder in CGP) appointed to do a strategic review for the merged company...Plenty happening beofre the AGM on Dec 22...Waiting for bid liftoff...That'll do for now...
Bid for 350k...
Any ideas whats happeneing here...?Somebody is buying big in the background again...Thin early on...now bid for 250,000...16.60 on the offer...
Looks like FOMO is starting to take hold...how soon till we see 17p...?
We had the first frost here last noght Pulus...beautiful day today...I am lazy...I [prefer my sloes in a hip flask on the golf course...Usual poisons:Hendricks; Metaxa 7 star; any Vieille Armagnac; Tokay 5 Putts; Yalumba Museum Oz Port; Chateau Musar....
Can already sell at breakeven..waiting for liftoff...We are OVERDUE news about the stake sale...Has to be at a premium and then watch the price surge on speculation...Remember what happened with the Mitsui news and the merger RNS...21p in an instant (before settling back)...The hard choices are coming...At what price would you sell some...?At what price would you sell all....?Are you going tyto hold the lot for a successful takeover...? (Because Quady is holding for production he'll be holding Sumitomo shares...)Or are you going to trade on the margin until the big one comes...?
100k...
Bought another £100k...thats it...
And here also...hard frost overnight...played golf in shorts yesterday...clear blue skies today 8degs...
Bought another 99,171 just under 16.1....Now let's wait and see...off to do the shopping...
Hi HH...I've noticed a better correlation with the Gold price than copper over the last couple of years...my assumption is because there are very few direct gold investments in the UK market and PIs see SolGOLD...Thanks for your informative posts
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