Share Price4 Oct 2023 08:42
People on this forum pretend they are seasoned Investors and then make up stuff to justify their arguments.
The most dishonest argument every week for the past ten years is we have a takeover bid.
Anyone who knows anything about investing and understands anything about Solgold doesn't listen to these people.
But they seem to populate chat rooms like this.
I am also unhappy about the current share price, I am also unhappy about the share prices of my portfolio apart from a couple of holdings.
The share price is what it is.
Remember we are an exploration company moving to become a producer.
We currently generate no revenue and we burn cash.
This is taking longer then we all thought. Myself included.
Take with that the poor volume.
Some on here explain that when we get volume of ten million in a day that something must be happening in the background.
For any experienced investor they know ten million a day for a company with three billion shares in issue at such a low price per share.
That ten million a day should be a daily occurrence, for setting an accurate share price.
What we need now is sorting out the finances, through JV, loans, offtake, royalty and start construction.
Waiting for a mythical bid for the next ten years won't serve anyone.
Luckily I believe this is exactly what the company is doing.
How do I know this?
Because at every opportunity they have communicated this to us.
It is only the inexperienced that are led by some on this forum that don't listen to the company and make out they are lying to us and we have a bid coming.
I have listened to this rubbish for over ten years, with idiots telling me I was wrong and we would have a bid the following week or month.
This is an exploration company at the moment, moving to become a production company.
Treat it as such and you will have a better idea of what is happening here.