Member Info for seanhunter

7 years Zoros, more like 17.

With the SP depressed for a decade and almost non-stop dilution, BHP can afford to sit on the sidelines and watch us knock our pan out. When we are exhausted in every sense of the word, they can swoop in and kindly take the whole show off our hands for a pittance. Or even if they pay $5billion say in 2030, with the coming dilution that'll probably be 25p a share by then. Revenge, they say, is a dish best served cold.

We get rescued by a bid, or it's the long dark low road from here on in.

The difference Fortissimo between a poor old PI, selling out early, and an II, is that the big boys aren't dealing with their own savings or pensions - hence they can afford to think in terms of decades. Them buying in at 35p doesn't matter today, at 26p, they can wait it out Are they taking a stake? Of course. Is there a prize here? Yes, ultimately.

But who here can really happily wait another 10 years? Some yes, most no.

Will this end up a vast resource worth a fortune and producing massive income? Yes. Is there a path for anyone of us here today to get a fair share of that based on our existing investments? Without a bid right here right now, no. We are going to get crushed under the wheels of production and endless expenditure. We were only the seed money. A tsunami of dilution is coming. Yes the big boys will be fine, the big boys will ALWAYS be fine - that's why you can't compare their strategy to ours: they can take the knocks along the road that destroy the small fry.

"Confidentiality agreements flying left right and centre .

Happy to cling onto some hope so OK I'll bite - can you elucidate?

A good thing, that should read, not a god thing... although given the way Quady thinks, who knows.

The expanding payroll is just the first step into the quagmire.

Everything from here on in is a moneypit.

We may be technically on the journey with them, but we ain't on the gravy train with them.

Looks like SOLG is back to being a trading share only - 25p to 28p range now established, but I expect the cycles to be downwards towards the 19p mark. 24p - 27p then 23p - 26p, then tightening up and making it harder to trade, 21p - 22p etc as hope of a bid fades.

There is obviously some residual hope out there that BHP or others will step in to save us from ourselves, and that's what's propping up the price at this level. Any confirmation that no bid is forthcoming and we will be down into the teens immediately.

Once the "fundraising" begins for the "going into production", it wil be anyone's guess - I think we may settle at 10p or below for years to come.

When we are at 10p, I won't have much more to say on the matter, but Quady will be here to explain why it's actually a god thing.

Yeah Quady seeing as you asked, yeah, since 2017 l do think I know better than the BoD.

Recipe for disaster Quady. Wipeout for current holders because believe me dilution will be the centrepiece of those silly plans. Let's hope a bid is incoming- the recent rise against an abysmal backdrop has given me some hope again - and that the current plans for giung into production are just for show like the mindless quacking of ducks, because they are insane.

Quady it was either late 2015 or early 2016 when there was a rapid rise from about 9p to 19p and Solg was the talk of these message boards. I think my first buy was 27p probs sold at 30p and got more involved after that. Have been to 40p and back 4 times in my tenure. To be fair, for all my gripes, I have made a handsome profit trading this one since then... but it took an emotional jump to trade and not loyally hold . I have a long term sum in here for the end game but its tiny compared to yours and others. I do complain, I know, but apart from Lloyd's which I have been trading for 12 years, SOLG has actually bagged me a small fortune and has been my best share. And I've been involved with a few stinkers I can tell you. QPP, SULA, AFPO... the worst of the worst, whereas Solg is fairly reliable in the 19p to 37p range and has a copper bottomed net asset value. So yes, I'm sorry for the downbeat posts, but I was loudly convinced a bid was incoming this time, and clearly I was just as loudly wrong and a bit of a fool. We are stuck with a BoD who ain't taking us anywhere nice, so if you want to tell.me to put up.or shut up, to sell and move on, you are entitled to. I'm more mad at myself than anything else.

It's hard and I guess my disappointment shows in my irritability with other posters - I just don't think there's going to be a corporate event in July or August, the execs are off on holiday now, and who knows maybe a bid was being sent to the printer when the unrest in Ecuador broke out and it was put straight in the bin.

Solg was 25p five years ago. Inflation is running at 11% in the UK. The BoD are offering nothing other than better opportunities and protections for their snouts to get more firmly and more deeply into the trough for the next 2 decades. In September I expect them to start printing the first batch of 4 billion new shares.

Ours is not to reason why, ours is just to die and die, don't you know what stage we are at Sean on the "curve", don't you know anything about junior miners? I didn't invest in a mine, I never would. I invested in an asset I hoped would get sold. I never expected to be arguing with other investors intent on defending the greed and self serving nature of those who now see a lifetime of cushy jobs and security ahead of them. We are heading into a financing death spiral but strangely we, the poor bloody infantry yet again, are the only ones really paying for it.

As Johnny Rotten once said: "You ever get the feeling you've been cheated?"

Those of you happily strapping yourselves in for a 15 year journey should reflect on this companys almost unique capacity for growth that doesn't reward shareholders.

MCAP has doubled since I first bought a Solg share 5 or so years ago. Doubled. The company is twice as valuable today. The share price back then was 27p, the share price today is 27p. That's dilution for you.

For the retail investor its like walking up the down escalator. Do you really have the stamina for 15 more years of that?

That's rich coming from you Ray, a non invested troll who only appears when the price falls. Back to POLY now laddie, Putin needs your pennies to prop up his regime.

What exactly have you been doing for 40 years Quady? I always assumed there was simply a village somewhere missing an idiot.

Obviously on the upside in 15 or 20 years time you will own shares in a hugely valuable new mining company.

But what will the Net Present Value of those shares be? Lost in the billions and billions of new shares printed in the meantime? The pie got bigger but your slice got smaller and smaller. Probably what you had back in 2017, about 40p in today's money. All this attention, stress and worry just to go on a 20 year journey back to where you were 5 years ago?

Going into production ourselves? Really? I'd rather they spent the money on magic beans.

Quady to raise 300 million we'd have print about 2 billion new shares and sell them at a heavy discount, like 15p. That would immediately drag our sp down... knowing Solg, probably to 10p, and it would fall again every time we print new shares. To go into producton we are talking Weimar Republic levels of inflation if you get my drift. If we go into production this generation of investors, on this board today, will be wiped out. There's really no way round that, and no funding option you can come up with will protect us on the outside of the corporate bubble - no salaries or options for us, the poor bloody infantry.

Whatever the medium term outlook here Ray, you have stood on the sidelines and watched as people make money from the 25p - 38p - 25p - 35p journey of the last few weeks. A rather pitiful position, especially as you failed to buy in last time it was 25p "because it will go lower" then had to watch it rise to 35p. Back to POLY with you sonny, Putin needs more cannon fodder...

"If investors don't like the time it takes along the Lassonde curve, I recommend they sell"

Quite frankly you shouldn't be recommending anything about buying or selling. You gave your opinion - snouts in the trough are fine, fair enough - but leave it at that eh? Giving out financial advice is for the big boys.

Lunchmoney? Legend in your own lunchtime more like.

"You should stupid"? Didn't anyone not ever learn you how to write proper, specially when you is writing the Queen's English? This is what I am up against.... Ignorance!

MassivePlonker you've missed all the buses mate. If this goes to 25p it will keep going to 19p. Are you going to be a loser all your life? Back to POLY for you...

Zoros, guilty mate. But I really did believe it. Mainly because the alternative is too much to bear - that we will basically be keeping hundreds of people protected in well paid jobs for the next 15 years while they happily dilute us into.oblivion.

Solg was on AIM when I first invested, but it all feels no more fair or safe for the small investor this morning. Buckle your seat belts - I don't know where we're going but we're on our way, and it's going to be a very bumpy road down into the underground.

Sadly June is also over, and the bid I confidently predicted hasn't materialised.

Of course there is still hope, but the abyss before us, the quagmire of endless dilution and spending suddenly feels a little more real and a lot nearer.

I didn't follow today's events but I assume the BoD ensured that whatever he'll then lead us into, they will be well renumeration in the coming years.

Not looking good I'm sad to say.