Member Info for Montecristo

The great Buffet also said:
He has not a clue what the market is going to do today, next week or next month.
But over the longer term if you invest in great companies value we out eventually, that's why he invests for the longer term
It does make me laugh when we get the " expert's " on here who try to explain in great depth about how the market works.
Anyone who has less than 100 m in their trading account should resist the temptation!

When I said the market was not happy with the AGM, I was saying the market is not happy with the direction Nuck is taking the company in. It was a generalisation

If it puts money in our pocket now and retains a big upside going forward, most shareholders would be very happy. That's the point I'm making.

Colonel
My logic is,there is very little intrinsic valve being given to the company. As you point out it is all momentum based.
This will go on for years.
People cant chop and change opinion every 3 months, they lose credibility .
Everyone saying the sp losing stream is just a reaction to there being no news,are the same people saying this will soar after essays, this will soar after Bianca news, this will soar after Chinese buy in etc etc .
Let me guess it will soar after PFS.
And then what? If falls back down again?
That's not how other growing companies behave. They tend to gain momentum and build on it. When the market is in tune with the story.
People talk about getting a dividend when the company is producing( 7 years time) we should sell Alpala; pay a dividend now and move on with half the sale proceeds retained to find the next one. Put a for sale sign on it. If BHP dont want it; offer it to the Chinese. They would want it and then BHP would soon show that they want it too.

Lol
Come on earthlings,its xmas eve after a terrible year for all.
Let's forget about the nonsense

Clearly not happy with the AGM results.
The thing is, if Nick does manage to take the company to where he wants it, it will take years to achieve anything like real value,
If at any stage along the way it becomes impossible or indeed someone else does buy us out, all this time would have been wasted. (Years) is it worth it? the market is asking.
I know this is a layman's explanation, but like most things in the financial world,the basics are the same no matter how some people try to complicate it to make themselves sound more intelligent.

Very good post!

Come on schlemiel
You sound like your in a bad place. Remember things dont last forever and you will feel better in time
Best of luck to you

Colonel
Could they not simply buy solg and then themselves sell off the other tenements?

I bought a small amount of GGP years ago, I'm sure they were less than a penny, I sold them soon after for a small loss because I was already into solg and did not want to many tiddlers. You can't win'em all, so they say lol

Any ideas as to what the likely outcome it Nick loses the votes

I first invested in solg in 2013, when there was a new tenement they had just got called Cascabel that was looking promising.And here we are 7 years later.
At the time,I believed like most exploration companies, that they would discover and sell on with profits going to shareholders.
The story changed over the years, we now have a huge unexplored area of Equador.
It has taken 7 years to get( almost )to pfs
Even if we more than double the rate of exploration. Most of us on this board will be long dead before we fully drill the rest of Cascabel and the 14 or so other high priority targets, let along the 72 or so areas we have.
The point I'm making is Nick must monitize something at some stage.
I'm starting to think, even if we get to production and start making money(5-7 years) we probably wouldn't get a dividend because they will put the money back into exploration of other assets.
Is Nick's ego and dream to go down in industry history the right statagy for us?

Does Nigel Mansell still live there?

Even if Mather gets hes way at the AGM. If the numbers don't look good, it may give him food for thought about how far he can take hes dream.

I don't care what anyone says,
It's not a mine until Blind Freddy can see it's a mine.
That's confirmation for me!

It's not about being impatient or silly
It's about being invested for 7 years and learning a lot about how solg operate.
If they had something, they would be shouting from the roof tops.
It's about learning from the clues.

Im 99% sure le Heuca and Bianca are not showing anything. If they were, we would have heard by now.

Angry geologist
He was very positive on Alpala initially, then concluded that the high grade core was not big enough, or too deep to make the project economic.
He became very critical of the project, then was never head of again.
I can understand if some posters are suspicious of new geologist who turn up with an " independent " view. There are a lot of conspiracy theories flying around.

Good point Pad
I had forgotten about angry geologist. He had quite a big following here, then he completely changed his mind on Alpala in a very negative way, a few months later it was confirmed as a tier 1. Funny that!

I'm no expert on the way the markets work, but I would imagine for the SP to move up someone would have to buy the large chunk, and in a low volume market it's unlikely. It's not a perfect science but it can work in a low news situation