Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
I am long and as frustrated as all of you. Question is: as a major would you bid now or just simply wait until there are more permits in the bag and the price drops to one or two penny when the money runs out and they have to raise?
Hi Darren, why don't you just filter these people?
I did this a few months ago along with some good people who keep replying to them (big shame but I just can't figure out why they respond. May be they are bored or want to defend solgold).
As a result I now see many green lines and only a few sensible and helpful posts which takes only a few minutes to read.
I highly recommend this approach.
Eish, this is my opinion. drilling to get some decent results cost a lot money which means issuing more shares. They just want to spend what is left on de-risking so they can sell it . They must be on the right track as Ecuador has issued some permits, Chinese invested more and none of the big guys are selling.
(I am sure. Scott wouldn't mind publishing their accounts to show where the money is going.)
I voted to keep the directors so they can complete their de risking which is the only hope of selling this. Any new directors would simply delay this project and we get back to square one with new plans and so on., just hoping they can deliver.
If this was saleable, the would have done it by now. They brought Scott in to cut the costs, de-risk and redesign so initial cost and time to production is lower. These tásks take time and he is delivering them. Any changes to management would just delay things. These is nothing else they can do otherwise they would have done it.
If anyone has a better idea, they should just write or call the management and tell them.
I personally think the potential bidders are waiting for more de-risking (more permits, new mine plan and other tasks that Scott is working on) from the management. They just don't see a rush to bid while solgold is doing all these necessary hard work for them. A bid will eventually come (hopefully before the funds run out).
Would Chinese increase their investment and Ecuador gov sign those permits if they had no confidence in his work? Redesigning such a complicated mine plan takes time and it has to be 100% valid as any interested party will scrutinize it to look for any holes. This is solgold's / Scott's last chance to find someone interested. Let's give him time to complete his work.
Just wondering why Chinese are picking up some shares at these levels. They were paying about 16p only a few months ago. Maybe they are in with management to drop the price so low that their final bid of around 20 looks very attractive? Larger shareholders still won't mind as they are still make a few hundred % gain. Hopefully this is not the case.
I am one of the optimist. Possible bidders need to see political stability and some of the other critical permits signed which comes once this election is over and one of the pro mining candidates is in office giving their 100% backing and support for this project . Another few months of patience is needed here. At the same time Scott is further de-risking the project.
People who criticise Scott, can they specify exactly what other things they would have done if they were in his positions (other than spending tons of money and time on a website that would becomes redundant as soon as any deal is done), taking into account that election is not over yet, any permits takes time and tons of paperwork and meetings, redesigning an unsaleable mine plan is not something that can be done overnight and other de-risking work going on that takes a lot of time and effort, and also stock market as a whole going through a tough time???
A good debate on climate change: joe rogan candace owens debate climate
Also many up-to-date debates by George Monbiot .
Regarding solgold. Great presentation by Scott he is doing everything right. Someone will come forward sooner or later
Does anyone know if there is a more up-to-date list than the following? It shows top 25 holders and their change in ownership. A lot more buys than sells.
these holdings are reported as of 2/May.
https://simplywall.st/stocks/gb/materials/lse-solg/solgold-shares/ownership
(Table at the end of page. View in landscape)
Good news keeps coming from stm: https://hotcopper.com.au/threads/ann-limon-emerging-as-major-discovery-with-visible-gold-in-hole.7330696/
This should add a few pennies to final selling price. Hopefully 50+