archieee ..I have not been paying too much attention to Solg for some while as not too much to get excited by at the mo but just wondered when have solgold borrowed in the past and who was the lender..just that I do not recall this and I have held shares since when they first went into Ecuador..incidently you seem to be a little confused as on the one hand you say that Solgold will have to borrow more cash to continue drilling and then all of a sudden there will be a placing ..
RE: Where have all the long termers gone ?31 Jul 2019 21:18
mike.. I think it is what it is..it would appear from the positive results in the field that we have value but until some potential numbers are produced and endorsed we are in a state of limbo..personally I think we did suffer from spinning too many plates which seems to have been rectified just recently with the reporting from Ghana..do not want to bang on about the funding but the sp has been behaving as if it is expecting a call but it may be down to just drip drip selling..hopefully not Directors as I have said before NM and Crow sales did not help even though NM is still holding a large number and Crow sold to Sumo I believe..Obviously not VM as that would be a disaster
I think I may have said this before so apologies if rambling a bit but I do believe there are some similarities with Solgold in that not much credit was given in the early stages for what pis thought the company was onto..the evidence was beginning to unfold but worries over finance and the quality of the resources until someone else wanted a slice of the cake and that is what will probably make the market sit up and take notice but at the moment the downward trend is just having that perpetuating effect where it would appear that some lths are losing patience and salvaging what is left of their investment..however if you believe that IRR will come good with at least one of their prospects probably a good entry point will offer itself up soon if not now..what might get it kick started is the directors who sold out much higher bought those shares back now lol
From the heady sp of 48p the tide has shown no signs of turning..surely we are in a better place of when we floated or is it that there is just so much more work to be done and so much more money to be spent..anyone think we are expediating Ghana before somebody else sticks their nose in so that we can establish some kind of value not that the sp senses any outside interest
I did mention the possibility of that some time ago and cannot remember exactly why some on here did not think that feasible..but if the company was built around the iron ore assets in the first place there must of been enough interest to support the venture and they must still retain some value ?
Mine too was 14p for first purchase and trying to fathom out why we are at this juncture..one thought and I do not know if i am wide of the mark and maybe others may want to comment but is it not the case that when the company raises finance it has in the past looked to its major shareholders and given they have a vested interest in the developing resources prospects that IRR have and in fact as suggested by ceo VM that Sumo may want to take on the Lithium is it not in their interest to add at a lower price..if they are going to support the company anyway and are in it for the long term the lower the sp for them the better