Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Funda I agree. I'm back in EZJ at these levels. 50 MA looks great support. I'm looking for a move back to 10.80. GLA
Popcorn ready levels here... does it break 30.82 to set recent higher high or fall back. Anyone willing to give this a push :)
Great find DBW. Really positive. There will be more buying Monday morning!
Addicknt, that's a good point you made about NCM and BHP. Following them being clearly annoyed that SOLG underwent financing via Franco and they didn't get to participate in increasing their investment fairly, there would be no reason as to why they did not this time round. Clearly seems no one, so far, got their wanted allocation from this raise. Means there should be continued buying and support around here.
Actually Quady, I had actually thought we would get bought for cheap at about 60/70p. But depending on who this long term investor is (another blocking shareholder for a low bid), then I actually now think, a bid can only happen post a DFS / PFS. A bid is not coming soon (i.e. this year). BHP or the likes are more than happy to pay up for a proven asset vs one that isn't (they have the cash and the need and can play the waiting game). Investors here will need to do the same... I will.
RK, with your talks with the company (not just PR) and the placing to institutions, what's your hypothesis of what happens next? Seems to me, this now is going down the route of Alpala production, JVs where they can, and in effect locks out any bids that are less than £1. No institutional fund is buying here for a quick sale of SOLG.
Hourly and Daily stochastics both look ready to turn higher . Powerful! Added final tranche here. Expecting higher highs.
right at support on 100 day which is what I was looking for to add. Healthy pullback!
Apols if posted before... "Copper on a necessary path to $15,000" with 600 to 900% growth in demand by 2030" lol
clear institutional buying here. The best kind!
Sure does feel like institutional buying. VWAP buy over the day please broker!
SOLG need to build up trust again after a battering. Higher chance is of a JV as its mentioned in RNS. I'm surprised on the back of that the share price isn't higher. We are basically being told how we will continue to fund ourselves going forward. Opportunity knocks. Top up time
Great close. And while I closed out my long as it reached my target, its found a base with great support. GLA. And if s.smithy comes on again to rant about ezj going back to 6's you know its time to buy more LOL.
Pad is that a note as of this morning? Quady... I think Liberum would have more of an ear to the ground re: any potential rumblings to M&A activity in the mining space than you. Their mining team is pretty good.
Risk rewards here just got as good as it can with that news this morning. 21 level seems solid support having bounced off three times.... I topped up too. Every time in the past its run eventually to 38 level. I hope that repeats. Should see an influx of short term traders soon. RK, you've been in corporate finance... how long does due diligence usually take with potential suitors already in the pipeline as in the case of SOLG and JV partners?
Totally agree. Excellent. The market will like the JV talk.
Gap fill to 990 underway!
Again we know where the line is in the sand... 893. It seems that whenever A.Smithy pops up you just have to buy :). Expecting a move to 980
bought again today. Holding the support from yesterday. Great risk reward
Thanks RK, all what Zoro said and:
- What is there relationship now with other large stakeholders (perception is it needs fixing)
- Do they anticipate requiring any near term funding (even though we have all debated, are they able to comment on this)
- When is the next webinar (LOL)