RE: SOLG - Time to Communicate9 Feb 2023 10:45
DG1 investor, we've always been similar in our views on Solg down the years, and I think lately a few of the more tolerant and patient long termers have joined us in our cynical, hopeful dismay.
But I honestly think a bid will come this year. Of course I did last year too. But after the merger is complete we will be in a completely different position from last year. As much as is humanly possible, we have banged our heads together with CGP and trussed ourselves up ready for sale. I fully support this strategy, more than I've supported anything SOLG has done in the last 7 years. No talk of production, no pointless drilling, no box ticking exercises. Go for broke, go for a sale; might seem extreme but it's the only way any of us will get out of here with a profit now (from this point, not overall of course).
But until a bid lands that strategy fails. It fails every day we don't see a red dot for that RNS. It fails until it happens. And we know it may never come. But it's the only way out from here - we've painted ourselves into a corner and every other route now would be a disaster, expecially production which would mean bankrupting ourselves or dilution to infinity. Much as it is a drastic position, I applaud it. I like this risk, like this gamble, even though every day ratchets up the stress and the impatience, and every day we attract the trolls and the derampers, and our resident dafty gets to yabber on about diverse books and production.
It's excruciating, especially with the SP falling and falling on tiny volumes, and no communication from the company. But what can they really say prior to completion of the merger?
One thing I know for certain - the share price of today is not the one I'll be cashing up with at the end of this. It will either be 0.1p if we try to go into production, or it'll be 68p+, hopefully later this year.
We can't force it, we can't speed up time and nor should we want to. Like the WWII pilots who vomited into their masks, we just have to suck it up right now. We have to suck up a dismal share price, a lack of news, and all the atttacks and distractions of the trolls and derampers - and Quady's constant nonsense - because that is where we are right now and the only option is to sit tight or bail out.
I won't be bailing out, but looking at the days, weeks months or years till we are sold, I really don't have anything to add anymore, other than to continue arguing with idiots who just seem to have endless energy and never get exhausted morning noon or night - it's just insane and pointless.
So this will be my last post until a bid does land... or we formally go to the wall a year or two hence.
Good luck everyone, hope you all keep well, and let's hope we have a lovely Spring in every possible way.
And never forget the words of Mr Micawber - "Something is bound to turn up!" I'm sure we haven't come all this way not to get a happy ending.