Member Info for seanhunter

Surely if there had been a fundraising that failed, we as shareholders should be informed by RNS?

Quady, cheer us up on a Friday afternoon, some bright thoughts.

I'll get the gloom out the way: I think we are heading to 19p, where we settled for most of 2018. We got used to 25p as the stable price, but that is clearly gone for the time being. I don't think we'll fall below 19p though. It seems to be our natural seabed.

OK, there's the bad news.

Now, if you would, paint me a picture of what happens now - the fundraise, the building of infrastructure, the actual mining, all leading to profits and dividends in the timescale you predict. I'm not going to shoot it down, I'd genuinely like to hear, in your words (not what "the company has told us") the best case scenario if we go down your route.

Sean

BA Robertson walks into a bar.

The barman asks "Why the long face?"

I am sick to the back teeth of all the fake accounts, constant fighting and squabbling on here from people who come to a discussion board but can't handle discussion or dissenting views. Anyone who knows me on here knows I've been a massive critic of this company down the years yet have always kept faith in the eventual value of the resource, and have held a core amount of shares since 2016 (up to 40p and back, what, 4 times now?) whilst making the most of my money by trading. I'm not a fan, I'm a guy trying to turn a buck.

I got demob happy this summer, thinking we were about to receive a bid - I've apologised for any influence my optimism may have had, but I genuinely did believe we were about to be finally rewarded.

Without a bid (and there may still be a bid) I think the BoD are heading us towards a quagmire. I've been 100% open and vocal about that, and will continue to be. I won't put up or shut up for anyone, or respond to muppets who accuse me f not being invested here.

This whole summer, this board has gone right downhill with fake accounts trolling us night and day, and now with a collective intolerance for anyone who isn't happy clappy about where we are right now and where we seem to be going.

I will hold this share till the end. I will continue to post my opinions. If I feel the risk is low enough to start trading again I'll do the decent thing and let people know. Feel free to filter or ignore me, or at the very least grudgingly put up with me as a counterpoint to the insane optimism of Quady.

Damers whilst I admire your positivity you sound like a snake oil salesman trying to convince yourself, trotting out the same old hyperbolic hackneyed phrases we have heard on this board for years. It has got us nowhere.

As much as I'd like everything you say to be true, don't screech from behind your little keyboard that anyone - me or anyone else here - has to "put up or shut up" . Who the hell do you think you are?

Get over yourself, or better still go raffle yourself. You absolute parcel.

Fort, just leave it mate.

Filter not folder.

Fort as I said, you and I are done mate. Either folder me or ignore my posts, but stop making an arse of yourself. Even the longest term holders who can't stand me know I'm invested here and have been since 2016. You just can't stand any comment that is not blindly positive and are a bit too fragile for the rough and tumble of a board like this or indeed the ups and downs of a share like this.

This may not seem like much of a rise but breaking free from the downward trend at this juncture bodesxwell. Perhaps something is stirring in the background after all.

BHP certainly do look flush at the moment. Even if they came at us with a lowball offer it would transform our situation instantly. But do they make a move now or wait till we are in a state of distress?

Fort, firstly your snide, misogynistic dismissal of Ms Saridas does you no favours at all mate. Seriously.

Secondly, as for your advice - don't bother giving out advice to buy, sell or short on here, period. You are not qualified.

Do I still believe a bid will come - yes definitely, but it could be years away still, years in which the BoD can easily take us down to single figures with ill conceived over ambitious plans.

Will I continue to hold? Yes, i have a stake I will keep through hell and high water.

Will I ever trade this again? I'm not sure, certainly only if we stop falling week on week and establish a nice stable fluctuation.

Would I short this? Never shorted a share in my life, don't think it's possible with my HL account, and it would be utter madness to try to short a share in a company that BHP could bid on at any time.

That's all you're going to get from me mate, if you don't like my pessimism feel free to either show me some reasons to be cheerful, ignore me or filter me.

Fort you were happy enough with my posts when I was excited about an incoming bid. Unfortunately, I tell it like it is, or at least how I feel it is. Been invested here since 2016, been trading since 2018, always have a stake in here for the endgame, which I wrongly though was coming this summer.

Wish I could be more positive mate, but I sense a coming disaster for all the same reasons Quady thinks we are entering a golden age.

Deeply frustrated we are becalmed in the low 20s but more frightened of where the BoD is about to take us.

If that's not nice to read either chuck my opinion on the pile along with all the wildly positive ones, or filter me.

Unfortunately there's a paywall, but the jist is obvious. Not used to seeing overtly negative coverage in the press about us; we are described as being in "turmoil", which is odd given the high spirits of 2 months ago. Maybe slow motion turmoil would be a better description.

Sure BNC, I'll post a shorter link - the article is on this page:

https://www.theaustralian.com.au/business/mining-energy

Sean

I feel bad for the lady too, Solg was clearly a bad career move and I don't think any of this was her fault,probably in an impossible position due to the whole current direction. I wish her every success in the future and godspeed for her next role.

https://amp-theaustralian-com-au.cdn.ampproject.org/v/s/amp.theaustralian.com.au/business/mining-energy/solgold-hits-fresh-troubles-as-finance-boss-ayten-saridas-leaves-only-weeks-after-failed-raising/news-story/c971d30c3e39872c770f69671b9a72b6?amp_gsa=1&_js_v=a9&usqp=mq331AQKKAFQArABIIACAw%3D%3D#amp_tf=From%20%251%24s&aoh=16602613410673&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fmining-energy%2Fsolgold-hits-fresh-troubles-as-finance-boss-ayten-saridas-leaves-only-weeks-after-failed-raising%2Fnews-story%2Fc971d30c3e39872c770f69671b9a72b6

So it's not just a rumour.

Boy are we in deep deep doo-doo....

Ray I think you've got to be honest, at least with yourself - it's your money, you are NOT on a journey with anyone else. I've historically been a trader with SOLG, having been led up the hill to 40p and down again once too often. i really did believe a bid was coming this summer, because, as an explorer we've really come as far as we can afford to go. The company is too big now, the wage bill is enormous, the ambitions are absurd. where else is there to go except get bought out?

As a trader, if I beleived we could even sustain this level now then I'd happily buy £5k worth of shares at 22.2p and sell at 23.2p, then repeat, repeat, repeat - that's what I've been doing for years. But my gut tells me as soon as I buy £5k at 22.2 we'd be at 21p then 20p within days. Traditionally since 2017 the 19p level was the bottom (the Covid panic was an exception), but even at 19p I doubt I'd be tempted. I do not know what is holding us up even at these levels right now, because there isn't a scrap of good news on the table on or the horizon.

Tough times.

I suppose technically you are right Quady as that is when all this silly "we can paddle our own canoe" talk started.

I, like most sensible investors, took this nonsense to be merely a tease for the big boys.

The fact that the delusion is actually real, and actually about to take us down, may not be a shock to you, but it is to me, and I admit you may be right and I am wrong. The signs were all there; the reality was just to awful to take seriously.

I expect things may start to unravel very soon, starting in September, and once they start coming apart I think - like Bozi - that we will very quickly see single figures before the shock and collapse in confidence bottoms out.

"I believe we will continue to get RNS's over the next few weeks which as usual will be consistent with Solgold becoming a producer."

Quady I could announce I'm going to build a Lego tower to the moon, and I could make a decent start on it up to about 8 feet... so the first RNSs would be very promising indeed.

We can't raise funds just to tick over mate, where is the 2.5 billion coming from for production?

"The challenge, as with all similar projects, is turning an exploration dream into a mining reality."

No it's bloody not, the challenge is turning a successful exploration into a sale and a cash reward for the investors who had faith.

When did the bait and switch happen?