Member Info for seanhunter

Shall we perhaps pass the time until the presentation by sharing our personal pronouns with each other?

I'm he / him/ sir / big boy

A big thank you to all those wise people who uptick my comment.

If you could all just send me a tenner next time instead that would be cool.

This week has shown us how absolutely insane the paddle our own canoe fantasy about going into production ourselves actually is. Wars, corruption, earthquakes, pandemonium, revolutions and anarchy... we are investing in a poor third-world country. Every year longer means more risk, risk that could wipe us out in a week. Let tge big boys take the risk. We need sold. Anything else is madness.

All that is required here is the smack of firm government. A whiff of grapeshot will sort these scoundrels out.

As someone with a tech background who has always scoffed at cryptocurrencies, I've felt like a right fool staying out while billions were made in the last 10 years.

But this morning I'm very glad I've invested in something real, be it in the ground, that the world actually needs and will need more of.

The illusion of creating value out of nothing - like the mania for tulip bulbs which defines the "madness of crowds" in any economic system - is always tempting, and while I take no joy in seeing others lose everything, you gotta ask what on earth did the "crypto community" think it was sitting on, other than a vast Ponzi scheme.

I read once that all the gold in or on the earth - all of it - if it were a cube could fit under the arches of the Eiffel Tower. Now that's what I call a limited supply. When I was born there were 3.5 billion people, now there is nearly 8 billion. Same amount of gold. Kind of puts Bitcoin and all of it's 100s of imitators into perspective. What were these people thinking?

13% of total copper and ~17%
of total gold in new major deposit discoveries in the
last ten years

That's what it contains. Getting it our the ground is a different story and fraught with a million risks and costs. Let BHP take that burden from us.

"And then I'll buy back when the SP falls back."

Good strategy - this is where I've made nearly all of my profits from SOLG since 2018, when I gave up waiting for a bid and started trading it in the 19p - 37p range. Can't lie - it's the share that keeps on giving, and I have crossed swords many times with LTHs whom I have called broody hens sitting on china eggs. So I am not going to **** you off for your post.

But I and a few others I suspect do expect a bid very soon now, and so you have to accept what I used to accept - if you're out when it lands, you miss the bus and that's it. It was always a gamble, and it always paid off for me.

What you might notice this time is that the board here is not full of rampers and TA merchants who have popped up out of nowhere, pumping and dumping for a quick buck like every single other time we rose above 32p.

Right now the BoD is, in my opinion offering nothing but decades of spending, dilution and delay as well as some juicy renumeration for themselves at the end of this month. By any SOLG logic the SP would be at 19p this morning, and no amount of drilling reports or exploration updates would change that.

So what's different this time?

We all pays our money and takes our choice, so good luck with your strategy, but the big payday has to happen sometime, and there are moments when you just have to try to taste it on the wind. What's different this time should reveal itself soon.

Slowly but surely, defying gravity, without hype, without ramping, something is clearly coming to the boil here.

I can only guess. The market seems to know though.

"4. Maybe their happy to watch the SolGold's, Filo Mining's etc try to pave their own way and pick up the assets at a firesale should the company run out of social capital, actual capital and goodwill."

This is the quagmire I warn against, and where it may lead.

If these are just noises to put on a show for the bigs boys, and they lead to a better payout for us, then the BoD are playing a blinder. If it's genuine mission creep we will soon be digging a literal money pit for ourselves. This summer is the natural point for the journey to end.

Bozi did anyone really believe Nick's "paddle our own canoe" stuff back then? That it either wasn't vanity, or a fit of pique or simply putting on a display for the big boys?

There is no route from where we are today to full scale production that is not disastrous for existing shareholders. No one would invest in that model. No one buying today believes in that model. Not unless you can afford to wait 20 years to get your money back... which, if you can wait, fine, but are you really resigned to posting on here everyday for the next 20 years. Then it is really time to put them in a bttom drawer and forget about them - but that would involve forgetting about them, maybe leaving them to your grandkids, and not arguing with buddy every day for the next 2 decades because that really ain't much of an existence and there has to be better investments out there if you want to profit from them in your lifetime.

"we are going to become a world class mining company."

That means most of us on here won't see a return on investment in our lifetime.

It means massive dilution, or massive borrowing (or both) that will render the shares of today -in your pocket or in your purse - increasingly worthless as more are printed to finance "progress" down the years.

Those of us who did invest invested in an explorer, not a miner - we didn't know we were just putting in seed money for a massive decades long investment that will swallow billions before a single ounce of copper sees the light of day.

Stop these silly dreams now, they would be ruinous. There's only one way out of this that doesn't destroy the private investor unprotected by bonuses and options and fat salaries along the route. A sale.

After months of 24/7 trolling by buddy and massiveray and the others, particularly the ones who openly admitted they were creating new profiles just to troll us, I'm amazed that anyone could actually get banned from here. Some very funny standards being applied.

What's happened to the Colonel? Did I miss something?

Like tge nonsense of TA you should never look for meaning in patterns that don't exist.

Far more significant is the fact that Massiveray and other trolls have vanished.

Bid coming soon

Yeah it looked like u were talking to me.

You talking to me?

One day soon a real rain is gonna come - the real rain of a bid - and wash off the scum from this board.

Ah, a Kung Fu reference:

GRASSHOPPER: "Master Po, my concentration and meditation is being ruined by carnal thoughts and urges."
MASTER PO: "Then Grasshopper, you should find a quiet corner of the monastery and masturbate."
GRASSHOPPER: "And when will I know when to stop?"
MASTER PO: "When your eyes goes like mine."

That does make sense mate, and I can live with it.

I just think July/August holiday months so maybe less corporate actions then, June a better bet but still we are only talking about weeks.

The cut off is not a date as such, it's the point where we start getting ourselves into the quagmire of going into production and a wave of dilution from which even a bid won't save the small retail investor. Time is running out.

You sound like someone who has lost all hope Bozi. I'm the first one to condemn ramping, especially when it's based on nonsesne like TA, resistance points and Elliot Waves.

If al we have is what the BoD seems to be offering - snouts in the trough, options, salaries forever and massive, massive dilution starting this Autumn, then your gloom and pessimism would be justified. However, there is good reason to believe a bid is incoming and that changes everything. I know you're trying to sound world-weary with the wisdom of an elder statesman who has seen it all before, but that doesn't cut it with me. I've seen it all before too, and all things being equal we should have drifted down to 19p by now. Yet here we are, without rampers, TA fly by night artists and talk of Elliot Waves, holding up at the 34p point like we NEVER have before. we only ever pass this level on the way up or the way down.

With a risk/reward calculation, looks to me like the market is expecting a bid at double this price, 70p or thereabouts.

If I'm wrong I won't need you to tell me - it will be obvious. Come October I won't be sitting like Linus from Charlie Brown waiting in the pumpkin patch for the arrival of the Great Pumpkin - if there is no bid this summer and the pantomime of self production starts up, then it's 10p here we come and a decade of costs and dilution. Given that's the future without one, I think it's pretty clear that 35p today means the market knows there's a bid in the offing.