Member Info for seanhunter

I think you're right Ray. We've had the panic merchants but we are now in the cross hairs of the bargain hunters, just depends how low we need to go for the tide to change. Been a poor week for miners generally and solgs fall has been based on low volume. Unless there is something we haven't been told, we are oversold.

Don't hold back BNc tell us what you really think 😂

Slug, the Tesla1 and 1984investor profiles are like used condoms, you need to flush them now. Things looking very grim for you mate :(

Slug still posting as Tesla1 and 1984investor on here? Give it a rest and stop digging, you're in enough trouble already.

Fair enough, though the main culprit here at the moment, I think, is low volume producing disproportionately negative effects. Most of the trades have been tiny. It's either a very strong buy right now or the wheels are about to come off completely.

You really think this has anything to do with Evergrande?

The bid seems to have closed bang on 10p. Ok, what have we been taken down here for? To fall further? Or to bounce back, making a good few quid for those that engineered this on such small volumes? Or is there indeed a bit of news in the offing?

I wouldn't have thought so for a minute - just putting out there what some panic merchants (and some fake slug profiles) are saying elsewhere. The short aspect is interesting.

The word on the headless chicken circuit (and not just slugs many profiles) is that there is a 10p placing coming. Is that likely? Is that necessary? Would it even make sense?

"Your mate Caldwell has thrown you under the bus to get the sp down to a sellable level."

Interesting take needalife... but do you think if a buyer made a bid now at 11p they'd whisk off with us at that price? We may feel utterly unwanted today but any kind of bid down at this level is going to set off fireworks. Our guide price may be £300,000,000 today but I doubt anyone will get away with paying that unchallenged.

After the merger any talk of a strategic review or building a mine should have been stamped out instantly. Combined they've slashed about 8p off the share price.

We are obviously in some sort of freefall not seen since the dark days of the covid panic.

So:

1) Are people in the know waking up to some realisation that this company is unravelling or fundamentally failing and getting out?

or

2) On very low volumes, the SP is just reflecting the sick and tired feeling many small investors are harbouring now that everying simply seems to be have been kicked into the long grass again, despite the "fast and smart" intentions behind the merger?

So something fundamental and terminal, or a passing fug? Or something else?

Thanks LindyLoo55, we shall see.

Haven't had a TA post on here for months and months - the TA crowd never have anything to say when the SP is falling and usually only appear AFTER we rise 3p or more in one day to tell us after the fact that we are going up. TA is nonsense of course, but who isn't happy to clutch at straws right now. Hope you are right.

Totally agree Fort.

Clearer picture now - under 4 million shares traded (half a million quids worth) but £27million knocked off the MCAP.

I'm with you there Bozi. I'm 100% for a sale and we cannot afford mistakes or bad management (actually it's inexcusable at this stage). Ridiculous talk about building a mine hasn't helped - it's absolutely toxic to the SP. We can't force a sale but we can stop with all the self-inflicted wounds.

£360,000 worth of shares traded today.

£17.2million knocked off the MCAP today.

Doesn't add up does it? Low volume is a distorting lens.

Bozi - from my earlier post:

"Certainly a lot of chickens have come home to roost from all the bad management down the years - "paddle our own canoe" and other nonsense has cost us dearly"

That's the root cause. The immediate cause is small investors throwing in the towel - just like the immediate cause of a spike to 40P is small investors rushing in blinded by greed.

Anyway, at these low volumes it's all a moot point. As I said earlier I wish we knew someone who could put in a dummy buy for 25 million shares. We'd get a better idea of where we really are then.

Are we really only worth £360,000,000 now? We won't know till someone tries to buy us for that amount.

Subby77, lots of selling in very small volumes. This sp always sinks when there is no news, and the current situation entails no news on the horizon for months - at face value at least.

We painted ourselves into a corner by making it clear that all we want now is a sale (you can ignore any nonsense about building a mine) and in that binary situation it's either a sale or drift downwards.

For the record I'm 100% behind the strategy. It's a sale or nothing. Of course the falling sp is giving the more flighty amongst us the heebie-jeebies, but I'm hopeful that a very low share price might be the trigger for a low ball bid that sparks a bidding war. Meantime, the weaker, more easily frightened smallfry are being picked off in a slow motion treeshake.

As for the tier one asset - we must have something, otherwise why would so many trolls dedicate their lives to posting on here every day under multiple aliases?

Medi111 there is only one real way to look beyond the current sp based on very low volume - if anyone knows a big time city trader or hedge fund manager who could try buying, say, 25 million Solg shares and see what actual price is quotef by the market.

Until then we are in a state of utter capitulation by many small retail shareholders who have been worn down by the deramping from various fake accounts - many slugs, many set up by other losers - and have finally given up hope. I know of no institutional investors selling at this low level - this is simply many small holders giving up (the trades are tiny).

Although another factor seems to be that a sale is nowhere on the horizon, the silver lining to this particular cloud is that Solg is now "valued" at £360,000,000 which must look very very cheap indeed considering we were double that in the past.

Certainly a lot of chickens have come home to roost from all the bad management down the years - "paddle our own canoe" and other nonsense has cost us dearly - but the fact is we probably look like a real strategic bargain now.

There may be nothing stopping us from falling right down to 1p, but the further down we go, the more of a bargain we probably look to somebody. The shrieking of pain from some retail investors on here and other boards is a good reminder that we are not all cut out for share dealing or investment. Sometimes you got to roll with the punches. As soon as the market sense the bottom has been reached, I reckon we will bounce back nicely.