Member Info for Strider4

FR, is 2.3p the lowest price paid of the day? Genuine question. Just like with BMN, where I got one of the lowest prices of the day (30.5p), while you were left watching the boat sail away without you.

For someone who professes to be a technician, you must surely have been concerned about the drop to 1.7p and failure to hold the subsequent rally to 2p?

Your post gives about as much re-assurance and in-depth analysis as you would expect from someone who bought in just yesterday!

The flip side is that you would be stark raving mad to be short of BCN at these levels. If the funding does come in, you'll be wiped out...unless you use a guaranteed stop spreadbetting.

FR - do you really think that GGP wasn't on my radar before your lordship mentioned it? I don't need tips from second-rate tipsters.

Define "poo poo everything" if you could? I believe those who have invested in ARCM experienced said placing on time and schedule, as did those who own KOD, as did those who own WRES (November last year). So yes, GGP is the exception, but not before it took a precipitous trip down to 1.7p, which gave people ample time to make their own minds up.

Nobody is investing based on what either you or I say - at least they shouldn't be.

NMH - what price exactly do you think they are going to do a fundraising at?! BCN is between a rock and a hard place here. They are hardly going to be able to dictate terms, and hence the equity portion (whatever proportion that ends up being) is highly likely to be at a discount to the prevailing share price. Attempts to bolster the price pre-placings usually don't work, as they are fairly transparent.

Not for widows and orphans this one...

That's a very healthy wodge and an average that is now looking enviable. You must be up about £8k, so a good day indeed!

Hawks - yes I saw you posting on there. Congrats - you'll be sitting on a tidy profit now no doubt.

Well FR, feel free to be puffed up if you want now, but all those who followed your recommendation, and no doubt bought heavily in the 2s (our good friend Earthling I believe being one), went through some nail-biting days down to 1.7p...

They have pulled it out of the bag, it is now materially derisked and my stance has changed. What's not consistent?

Hopefully, that's clear?

Genuine question.

ATB

FR - who said anything about buying on the spike?! Two tranches and I believe I got the best purchase price of the day so far on my second.

That was a nothing RNS whose sole intention was to attempt to stem the tide, by re-iterating promises already made - promises mind you.

I genuinely hope that they do get funding, and a good deal for investors here, as it is a great project that deserves to be built. I will sit on the sidelines however, until it is announced, and am happy to pay whatever premium the market dictates.

post so far today, and that's been off-topic! Congratulations to GGP holders btw. I am now one too, for a small amount, and paying the reduced risk premium.

Wso58, I challenge you to come up with the first interesting post today regarding SOLG!

Big badda booooom, get your strap-on on.

Hopefully, we'll see a push upwards tomorrow.

You're chock full of BS. "No need for a placing"...do you even know what this company does, let alone the reason for the fall?

I'm with Addicknt on this. I do technical analysis but buying at this level based on TA is a flimsy gamble at best. I presume you're working off price action on the 15 min/ 1 hrs (possible down to 5mins) - no help from the dailies today. Yes, it's hugely oversold, but it's been oversold for a long time now. There's no S/R in sight. Price is in uncharted territory.

Seems that you've sold your SOLG shares and bought CGP instead? There's been a marked change in your stance in the last week or so.

Newtoit - any chance you could condense your posts a little? When you post 3 in a row it takes up nearly a page...

Spent some time wading through the nonsense to find the one or two posts worth reading.

are looking to cash in as soon as possible. That's what it all comes down to. The absolute best that CGP could hope to get from SOLG, by way of an offer, is giving them sufficient shares in SOLG such that the CGP valuation of Cascabel matches the SOLG current valuation (at 37p), minus a wodge for their debt obligations, and perhaps minus a bit considering that they are gaining greatly increased access to the regional plays. They thereby get an immediate boost in the value of their holdings and retain ALL of the upside potential from either production or, the more likely, takeover.

However, there is the argument that if CGP merges with SOLG, the chances of a potentially quicker takeover of CGP by a major is lost, thereby extending the timeline for CGP holders to achieve maximum value. Then again, SOLG is going to be doing everything in it's power to block said CGP takeover...I believe Newcrest and BHP want to keep a friendly relationship with SOLG at the moment - if either move to takeover CGP, without SOLG's approval, then that friendship will go out of the window. They won't take that route unless they see a very clear end game.

Wilec, no I haven't. The point I was making is that if you are sat there waiting for your 15p buy-in and the share price moves back up to 20p with intent, then said boat has sailed without you...