That's reassuring to hear that Vince and the BoD are aware of the current PI frustration and share our concerns, thanks Toro.
The company is literally releasing good news after good news. Concerns over future funding snuffed out by the FY results. Each and every exploration update unequivocally positive and showing us that we're heading in the right direction.
SOLG has a world-class, top tier copper resource with exceptional grades. The company has had great PR because it has found one of the most exciting high quality copper discoveries found for a while, and majors are fighting for a slice of it. IRR has solid grades/numbers in Ghana and Chad for lithium and gold respectively, but they aren't as impressive as SOLG's for copper. At this stage at least. Moreover, there appear to be a fair few lithium explorers at similar stages to us around the world at the moment in response to the projected uptick in demand. We're well positioned to be one of the biggest and best, but need more numbers and ideally a JORC estimate for the market to really wake up. All IMO - and I say this as someone who has watched SOLG from the 1p - 4p days and unfortunately never got in! I still think it's worth buying even at these prices, but any money I have spare to invest will be going here.
A few times posters have been critical of Yooya's lack of activity on Twitter. I think it's important to bear in mind that they are a China-based company operating in an industry that traditional within the country has been controlled by the government. Building a strong presence/following on platforms that are banned in China - as Twitter is - is a sure fire way to piss the government off, which could lead to greater scrutiny and, in the worst case scenario, the threat of closure. This is why I believe they are comparatively quiet on Twitter.
ATG, we'll be sad to see you go if you're out is around 70p or whatever your target is, but if you got in around 30-35p you can't hold it against anyone who wants to double their money! One thing I've noticed of late is that amongst the usual intra-day 3-5% drops on the live price, there has been some modest buying in the afternoon that ensures we stay flat or even rise slightly. Here's hoping that we are seeing the start of a trend upwards.
Small top ups for planned for me at the end of September and October.
34p? There is no way I'm remotely considering selling before this reaches £1+, and unlike other shares on AIM that is a wholly realistic target. A MCAP of approximately £300m is a conservative estimate!
Indeed it is, given the quality of the news this morning I'm a little surprised and disappointed that we're not higher. Once the spot lithium price turns around - and I firmly believe it will - perhaps the market will start to see the potential of our assets in Ghana.
It'll be interesting to see whether today's rise is sustained over the next few days / weeks or whether we fall back to the 21p support level. If we don't push past 25p this week, unfortunately I think we'll trade between 21p - 25p until the company gives the market news to believe otherwise.
Today's news shows that IRR is capable of delivering on its promise.
ATG - I wouldn't necessarily read too much into the Vince/Len thing. This could be the sign of the company maturing and could actually be seen as a good thing. Vince mentioned in his last interview that he wasn't a technical guy - we don't need him commenting on grades, mineralisation etc. That is Len's area of expertise, that's why we've brought in a man of his calibre.
I would expect to see Vince lend his name to RNSs on acquisitions, potential sales of assets, executive appointments, funding, and the broader, strategic piece related to the vision and future direction of the company.
Hello ATG, happy Monday... I misread your tweet first thing this morning and thought we'd soared into the 40s! I was wondering over whether this share is of less interest to MMs simply because of the low number of shares that are there for trading - 85% of stock with top 20 shareholders means that there is less for MMs to play around with, and may explain why we don't necessarily rise as we "should" on good news. Anyone with a better understanding of this have any thoughts/insight?
A decent RNS that increases investor confidence in what was already known: we are sitting on a future gold mine at Dorothe.
The implications this has for Vince's year-end MCAP predictions are what interest me. We can assume that - despite awaiting results of roughly 25% of the infill trenching done at Dorothe (from west of the Main Vein Swarm) - that the company changing news isn't going to come from Chad this year. What this means (IMO) is that leadership has strong confidence in the results that will come from the lithium in Ghana, OR there are still on going talks with majors in the background to acquire one of our many projects.
You have to admire the company's patience and due diligence with the Dorothe project. They're not just sticking a drill or two in the ground and hoping they'll get it right - they're being extremely thorough and slowly but surely proving up the value of what's beneath them. As long as the project remain economically viable and its sheer scale doesn't hold it back, this will pay dividends next year.