RE: Solgold being held whilst counter bid is finalised13 Jan 2026 11:30
Paying more than 28p would be a pure gamble at this stage, with known risk but unknown potential upside. A few reckless PIs might be willing to do it (some of you love an ill-advised, over-priced top up!) but not enough to move the market. Hence 28p is a ceiling, not a floor. Not to do with deliberate price setting, but basic market response to demand.
If only someone had said it would be a ceiling, not a floor, people could have planned appropriately. Instead, there was a simpleton here claiming 28p was the minimum, and this would go above. The same dopey fella also said this was a gold play that would be bought by a Western miner. Instead of a copper play, bought by Jiangxi.
Oh well, some people are just easily taken in I suppose.