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It is very worry to see these massive drop
This has taken the shareholders confidence away and to me there is every chance for yet another drop
This is fundamentally sound company but connections to Russians will have a serious consequences for share holders longer terms
Don't be fool with large divi if the value of your share keep going down. Means nothing
GLA
IMHO
Please give us break
Sold on Friday and buy back today
lol
Of course you did, well done !
I bet you catch the top and bottom lol
I thought you said this will be £10 so why risk the cycles that you don't know how they pan out
The only line made sense in your last post was :
This war won’t have much of an affect on bp as a actual company just make the share price a little volatile
There will be no war and no invasion as I said on day two of this news weeks ago.
We soon learn that.
MarKGo done a fantastic cover here of the latest and I have nothing further to add but to say I still say we get 450 before first week of March.
It will be no war, no invasion , no conflicts, Russian get what they want diplomatically and all be resolved
The price of oil will keep creeping up with small retrace
BP share price will reach 500 by April/May (if not sooner)
Massive upwards push but NO £10, SO forget that idea mate
GL
IMHO
DYOR
Broken ice
Plase see my reply to points you raised:
A) Company has made a major discovery and has been busy ever since proving it up and building the feasibility studies as per standard practice. Yes there have been delays and changes in strategy but nevertheless this work is being done and will be delivered with what is expected to be the best PFS they can deliver. The DFS(BFS) whichever term you wish to use is running simultaneously.
My take: discovery is good and great but there is point market get board of keep digging and keep wasting time and keep paying useless CEO fat salary with no value being delivered
Why more discovery while they already have a gigantic one?
Why wasting time? Feasibility study should take this long
No news or proper solid plans on JV or finance because seems they are clueless
B) company continues to build relationships with the Ecuadorean govt & communities and committing long term to the mining of Alapala/Cascabel
My take: relation with locals are great as long as there is a next step, what is the next step here? Keep paying the locals back envelops to achieve what exactly?
C) continue with there expansive (and no doubt expensive) regional exploration programmes making new discoveries
My take; not sure your point here , seems we agree on this one. This stupid discovery should be stopped IMHO
The reason is continuing is because they have no other plans
D) continue with support in the local communities
That is great , more money out if shareholders pockets while achieving nothing so far from finance point of view and NEXT STEP which seems will never happen.
E) have re-structured the Board and addressed the reported issues there re corporate governance
My take ; good point may be the next move should be get ride of clueless at the top.
F) planning for future developments with several 100% owned Ecuadorian Co's to spin off + the curious and if honest not fully understood Swiss Financial Arm...............
My take: future development while the jewels of crown waiting for development is just stupid to me.
IMHO
DYOR
Lunch
Just catching up here
I meant
Multi BILLION $$$ company obviously miss typed
Now days even the bottom of the AIM are multi millions
So I meant bilion where I compared it with FTSE100 which surely they are not so the every reason to connect with share holders.
I don't like the current CEO and he is not right for the job
I like the assets and I like the company but not people running it
So the reasons I am observing closely
GL
Zero
Not a problem
You board...lol
Really?
Are you not board this is not moving?
Are you seriously invested here or go around the BB for fun?
Yes I am for real... are you?
GL
Alas
Enjoy it mate
Have a good one
On the day 2 of this cricis started i said despite all the built up Russia will not invade Ukraine and i still say the same and seems all the signals soon be heading that way.
Ignor American who are hyping the situations with daily news over invasions they have other agenda.
I actually think market will be clam and upwards in coming weeks and no Russian invasions will happen
We might see a retrace on the market as bulls had it for long but that is not the result of Russian recent conflict
I hope you have a fantastic times
I also think you will open a browser and may be even reply to make us jealous of your skiing joy :-)
But have fun mate
All the best
SR
Rio over 60 in no times
IMHO
Zero
Thanks mate
You are very funny and I really like that
I already said what you need to ask + add your own concern and questions
Noted some people saying these people don't have time for you...lol
Truly laughable
This is not a multimillion $$ company
They rely on small investors they are not on FTSE100 nor they are earning much
They can be played by MM up or down any times
They do need your collective investment when all adds up
A good good company with proper plans always comes out and face the investors but the key is always listen if they talking BS or they are seriously adding values
I have seen both sides
The fact they are not even taking any steps is truly worrying to me.
I said already there is huge potential here if managed properly
So question the people in charge of your investment and challenge them
It is your rights
GL
Slug
If this comfort you with your investment here then please think that way. That simply showed to me you never even bother to actively get involve and communicate with the company you invested in.
No one like to be questioned but it is your right as a investor to start asking those fundamental questions I raised
Truly worry me when I see some investors are living in cloud 9 coco land thinking magic happens because the reserves are great!!
Understand more who are the people running this show and test if they care more about investors or their salary coming in?
Truly worrying when I catching up with these comments here!!
GLA
Otherncopper
You said
Last time I emailed Solg, I got an out of office reply from a DGR global email address
This is exactly what I mean and my point here
If you seriously have no reply or auto reply and getting no where with valid questions this to me is a red alarm all over the place.
This simple exercise highlights if you are dealing with professionals who truly care about their loyal investors or not. Do they actively get involved with Q&A? DO THEY CARE?
if the answer is no
Then I say get out quick
I didn't know their responses are this poor
Thanks so much for sharing it
Got me very concern actually as potential future investor
GLA
IMHO
DYOR
Bank
Give the man a bit of time I say!!
Lol
Seriously ? More time
This is not a training position at the back of investors losses !!
You seriously think every times you change CEO (not often i hope) they suddenly should be given a break and space to figure out what they need to do? The answer is NO
If you think that way then you seriously so naive with your investment here and is actually so worrying
They need to turn this around and do something that they didn't do before
That is easy to figure out actually
Doesn't need the genius to understand what is lacking and what is needed
Can't help you more
GLA
IMHO
Zoros
You can try to ask for your initial money back but the answer will be silence and smile face.
You do what you like but if I was every investor I would write to them today and highlight why they are so passive on seminars, investors relation, Q&A, not having experts to seek JV and approach big players
They think by keep digging and docking this will suddenly adds value ? No
This is what they are doing and I warn all investors if you are not turn the heat out get ready to lose money here big time.
They need to up their game or find a new CEO
Simple as that, can't see the new guy done anything different so far perhaps even worse..
Write to them today
GLA
IMHO
I was rather surprised by the question if I have a address and email address for them
A
If you are investor that is the first thing you should check
But everything is on the link below
Write to them and let us all know the responses if you can shares it. Don't take BS for answer
Here is the link
https://www.solgold.com.au/contact-us/
GLA
IMHO
Bob
What the price was 5 years ago means nothing today
Zero infact
The issue is this company management are very weak in promoting and involving shareholders and also other potential big players
In additions no proactive plan to have JV or finance to bring all these great assets to proper value and money for shareholders
Seems they are sitting and hoping at the back of assets under the ground suddenly magic happen and someone come to handover cash to them
That is where they are so wrong
They need to be far more aggressive and active
I suggest share holders start writing to the management and demand these actions
Doesn't seem to be there at least not to the level it should be.
I like to see seminars at least every 3 months
Active question and answer sessions with share holders
Investment in marketing and raising profile
Employing world expert in finance negotiation (they don't have anything like that at the moment )
Values back to shareholders
Come on for 5/6 years they just going in a cycle of up and down and up and down never break certain level and got stock in the mud with no proper plans going forward
This is a shame because I believe huge potentials here with the right management and right actions which is missing very much
Everyone should start writing to current management sooner the better
I can't see thing improve just based on digging and adding new plays ... needs far more
I am watching with great interest because if right JV comes this will be upper £5 in no times but right JV takes right management and right strategies which is not there at the moment.
GLA
IMHO
Emerald
Can't you read properly?
Not affecting BP in a negative way and I explained to you why. Ukraine invasion will make BP price to even push higher as oil will push higher. No sanctions will affect or include BP business
Your world war 3 comment truly made me laugh to my stomach lol lol and shows how much little you understand what is going on. lol
World War 3 over Ukraine?!! Seriously?! lol
lol lol
DO MORE RESEARCH mate lol DMR
Y11
You sold!!
Really !
Are you not the one who were saying BP will be £10 in no times due to inflation and oil price!!lol
A helerious argument which made me laugh for few days
Emerald
Are you ok my friend?
I understand you sold out and hard to see these gains
I have been there but at least come up with something more solid to argue your case mate
What you put out there is truly laughable lol
Firstly I very much doubt any invasion will happen even if it does it will not affect BP or shell
I think the complete opposite will help the price to go even higher.
Let me tell you why exactly
Even if sleepy Joe put a sanction on Russian he will make sure the global energy company like BP AND SHELL will not be affected for simple reason it will come to hurt american and European... simple as that.
I can name at least 100s of different type of sanction from financial to others and none of them relates to oil and gas.
They may stop the future gas projects but nothing of CURRENT plays.
Either way this is actually heading higher next week we might have a healthy retrace but with oil price at 94 I can't even see that in the immediate time frame.
This is looking so strong for upwards move
By (or before) first week of March we hit 4.50 as I said it many times from weeks ago
Sorry you miss the party but those company you name are in a lot more risks than solid BP I would revise your investment if I were you. I am actually well familiar with most of the names you mentions SQZ specially
GL
IMHO
DYOR
Blue
Just noted that..
You are right and my auto-correct was playing and I didn't check back
Should be red as:
Reserves
Thanks for pointing out
Russians are not my friend, and not agree with what they are doing but I am realiist my friend and don't live in coco land that we still ruling the world and can face mighty force of Russian. Britain and Nato put together not standing a chance against Russian forces.
Ukraine is just a show of power for Russian and it is just a play, a tease, they are laughing at us how everyone are so panic and not a dam thing they can do about it.
They will not invade Ukraine by the way, they want to teach some lessons to Nato to understand they are next door and they can take over any areas they want if their national security feels treaten.
So sooner that clicks for us the better we can face it and deal with it.
Thanks
IMHO
GLA
I have been in and out of this with profits back several months ago and not been looking for a while
My other stocks generating loads of cash and I am starting to think about my next move in months to come or gradual transitions to spread my profits.
This had always been on my radar but looking at in activities on RNS and on BB tells me 900 people working on site and not yet generating enough values here for shareholders. I know well the researve here is gigantic all great and good but till big player don't come to invest it is just a researve under the ground and truly have no value unless money put down to extract these asset.
I like SOLG but like to see more active management more excitement more active seminar to promote the profile more interactions with share holders. They seem to this just finding this massive researve is enough for share price to hold but it is not IMHO considering the size of the company and risks involve here.
I will be watching this with interest but I think this will go down before going up as they have nothing new or exciting in the pipe line to be a game changer
Of course that could change and I will be watching closely
Many off topics also suggests holders are also board and nothing else about the company to talk about which is usually alarming.
Slug regarding your comments Russian old military firstly that is not true the have the most advance military in the world and secondly today the war is not win on the ground it is win on the AIR with advance accurate missiles which they are second to non. Even American don't have such a advance missiles as Russian do so the reason they are ****ting themselves they know the scores. Not agree with what Russian doing but all I am saying sometimes European and even US forget where they stand and what they have against the mighty strength of Russian. Truly made me laugh when seeing Liz sitting infront of Russian counterpart and thinking she has any power or any say on the matter, probably ****ting her self so the reason she was so quiet apparently. Come on let's get real that is how we improve we no longer rule the world or have any strong military power compare to Russian and China which have joined forces already sooner thr penny drops the better.
GLA
IMHO
MarkGo
Many thanks mate
Not a problem, I can always take the constructive criticism
Not like some one come here and say we hit £ 10 and give two lines to justify it with utter nonsense.
None of us have a crystal ball, nor I am claiming i do. I call the shot on my best analysis and some at the back of years of experiences good and bad. You live to learn and hopefully not make the same mistake again and happy to share my thoughts as I have done here
You also making a fantastic contribution here and well done to you.
Thanks again and keep up your great posts.
Many happy investors here including me and so glad to share this moment... but more yet to come
We honestly haven't seen anything yet IMHO
I think the retrace comes but wouldn't last long before the next push to 450 the first stop followed by 500
Not all in stright lines ... All about paitient as you said it
GLA
IMHO
DYOR
PS. just for a record ; I had no interest what price it will finish today. I said it will hit 4.20 or close enough by Friday and it did that. All the best
Thanks mate
No congratulations needed , but thanks anyway
Many others had similar views
If you look back at my posts you know I always said shares don't go up in stright lines and healthy pullback are actually good.
Saw the pull back at 400 down to 360 and I said goes back up on no times and it did.
I say we will certainly see another healthy pull back but ultimately the trends is up and push is strong towards 450 first and then 500
Wouldn't happen over night or week more of couple of months but it is coming due to strong fundamentals
So if you need your money next week and hoping for Jack pot don't bet on it but if you are more paitient and medium to long termer that would be a big winner for you.
GLA
IMHO