The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Yesterday when I took a brief look a huge chunk of the trades were A trades.
The board today is frothy even by its own ludicrous standards. We are up around 50% from 7p, which from memory was about 2/3 weeks ago. Best advice is to ignore the rampers (Red, BBG) who are totally clueless, and the derampers/trolls (Stackhigh, NAL) and wait for some news that will hopefully give us an idea as to what, if anything, is happening behind the scenes.
Better times ahead, we hope.
What a great day. Long overdue. Here's to a prosperous 2024, starting with an offer for the company in Q1.
Happy Christmas addicknt
NMM, agree, we deserve an update. I know only a handful of us bang this drum but it's important and the self imposed deadline is nearly here.
Seems like the uplift was priced in already and most people were hoping for a 50% increase. RNS was positive but underwhelming. I imagine a few event based traders sold up and moved on today.
Well according to the court documents, Nick Mather has for some time wanted to stop further spending at Cascabel and sell it. Which is what we are doing.
Let the shenanigans begin. BHP have been far too quiet, tomorrow's voting results might provoke a response from either us or them. Judging by the rally today we - i.e. the smaller shareholders, Mather, Caldwell etc. - are safe for the time being. If we nail the agreements with the government and turn this into a turnkey asset we all, at long last, should make some good money from these levels.
This time next year...
I just hope we get the results today. Appreciate it'll be late in AUS but would be good to know where we stand.
AGM due to kick off at 11am UK time
Given the Newmont CEO's recent comments on Solgold, I think the chances of this happening are next to none.
Thank you for sharing xeverton
Solgold is only a beacon for ESG if you ignore the G.
Eloro, because at the time landing two big names on the register was a massive win for what was then a junior explorer. They wouldn't have taken large stakes in the company without those rights.
Morning TI. I wondered the same thing. Could it be related to being able to issue large quantities of shares to a potential suitor so as to force through a takeover? Something not currently possible due to the pre-emption rights held by BHP and Newmont?
I'd wager most actual 21 year old analysts have a much better understanding of how the markets work than you do matey.
Utter garbage. Do you think institutional investors like Blackrock, Norges Bank and others would sit back and watch their investments be manipulated by the likes of BHP? Of course they wouldn't. Neither would the likes of Mather who have substantial capital at risk.
You're just another one who has bet the farm on this share and lashing out at imaginary boogeymen.
Why would anyone pay someone to deramp SOLG? The people running the show are doing a brilliant job themselves. This lawsuit being a fine example.
52 week low. 7.0p.
Given the shocking share price the company ought to release a statement addressing some of the points raised in the AFR piece. They won't be able to comment on the legal proceedings but they can at least call out some of the inaccuracies and reassure shareholders that they are confident of securing adequate shareholder support at the AGM.
This company is a proper basket case and I can't wait for it to come to its conclusion.
Good point on Blackrock actually being supportive of Mather. The whole article is fairly lazy but gives some juicy insight as to what went on behind the scenes.
NMM - agree with your 08.18 post completely. A change of government provides BHP with an opportune moment to stake their claim. Unfortunately SOLG have given them plenty of ammunition over the years to do so, too.