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Good for you, Bullion. Loads more to come here if I’m reading this correctly….

Some buyers are seeing something that we haven’t yet - again.

Liking the strength of the SP this morning. It’s been leaky previously - we recorded rises prior to the first two offers. Wasn’t expecting significant news so early, but I’d be happy to see it come, get the real games underway….

Stack, apologies as I’m relatively new to this BB, but are you the guy that said he was ‘the most experienced investor here’, or the guy who predicted a 5p raise a few weeks back, or indeed both? Neither predicted Friday’s actions happening, even though others did. Funny that.

I suspect that the BoD will currently be working flat out to release ‘de-risk’ info. That’s their best chance of driving this upwards, plus it also dials in value should an increased offer not materialised. If they succeed in doing this, other parties would be far more comfortable entering the fray and this would get very fruity, very quickly. All about tactical timing.

It’ll happen when it happens, we can’t influence it. It will happen though, cork’s out the bottle now…..

Don’t think you’ll see any sizeable rises until any good news is leaked - there were rises recorded before first two offers, so it’s not watertight. At the moment, the SP has a ‘safety net’ at 26p. With any increased bid (or just before) you’ll see a rise to just above this new safety net level, an example being a bid of 36p might see the SP at just below 40p, and so on. Frustrating, but it’ll take a higher bid or positive news from the BoD now. But, like everyone here, I could be completely wrong….

Wasn’t Rodney simply unsure and therefore sought clarification? Eminently sensible, no? Unlike some of the more outlandish predictions posted here, we’ve all read them….

We obviously are, just a split personality. What’s for dinner?

😂

For the record, whilst I agreed with Add’s observation that emotions were getting the better of some, I actually don’t agree with any valuation around 38p!! I’m in the c.£1 camp, anything less and I’d prefer to go long term and continue developing the production plan. The asset value will rise sharply with every risk eliminated. Unfortunately, I nor other PIs will have little influence on the immediate outcome. Emotional, or not.

I rest my case. I didn’t mention any numbers, predictions or people, but talking common sense is shot down as conspiratorial. Laughable.

Add, you’re correct about emotions getting involved. We’ve heard from people who’ve held SOLG for two decades implying that we should listen to them, they know best and that they have a right to a big return. Not how investing works and you actually have to question the judgement of an investor sitting on a no income holding for twenty years! Longevity of holding means nothing here. Moral outrage means nothing here. Emotions mean nothing here. You have to look at the facts and judge people by their actions. On that basis, I believe that the BoD is playing out a bold and confident strategy (still unfolding) that should benefit all SHs, both new and old. If this strategy delivers a higher, acceptable offer, then we all benefit. If it doesn’t, then we live to fight again, but holding an asset that is becoming increasingly de-risked and that could deliver huge returns on a long term basis. In this scenario, could some speculative traders get bitten, yes, but they should know the risks involved there. Personally, I feel content that I’m in a relatively strong win/win situation, just a matter of scale and when. No emotions involved.

Tim, think we’ll get a good indication. It’s been leaky - we had a small rise and hold a week ago (to level of first offer?) then another rise and hold to the level of the 2nd offer for a couple of days. Only when announced did it move up. Think we’ll get indicators…..

I can see the uncertainty there Rodney, worth getting a definitive answer on it.

Rodney, the BoD have steered themselves into a very strong position. A realistic issue could be overcoming a diversified book, but that will be done with the right offer. As you state, the company is currently hugely undervalued, even at its recent high of c.30p - and the BoD and suitors know it. The BoD will either get the price they have in mind, or bullishly release more data and plough on with production plans. Do I see SOLG as a producer? On paper, they could, but in reality they won’t. Market forces, metal pricing and geo politics will take over long before that point. I believe DV has played a blinder, he’s put the company and it’s SHs in as close to a win/win situation as he could. Interesting times.

Alex, you literally stated that they were accumulating and that the timing was important. With respect, please re-read your post.

We’re going to see many such RNSs over the next few days. Please do some homework and understand what you’re reading rather than read things into them that simply aren’t there.

Taking a position? They’ve been holders of SOLG for quite some time, they haven’t built a thing since Friday!! Simple housekeeping RNS.

Another thing to remember in these circumstances: there should be no expectations of immediate fireworks. The SP has a relative safety net for now at 26p, it could well fluctuate until things develop. Nothing we can do to control the ‘players’ strategy, so try and chill whilst it chill out. Above all, try and ignore any posts offering a disingenuous interpretation of any RNSs, we’ve already seen those this morning. I personally believe that the BoD have a strategy to see maximisation of SH value, hence their confident and combative response on Friday. Others will disagree, that’s fine. However, some will also lie.