Member Info for Strider4

Kalan, you should have sold the lot at 0.54 (bet you thought about it). This is the second time in 2 years that MM has played the same trick on you!

To be fair, you must have made a healthy profit on the top slice, so I imagine that you are up overall, slightly.

Partaking...K3?

Agree with most of what you said there. The count on here that have received aggressive treatment at the hands of the BB "owners" is 4: myself, Jaf, Devils, and you (maybe there are others that I'm not aware of).

That said, classic stuff - start talking it down after you've done a healthy top slice! Were you talking it down on the way up too?

Funny that they didn't release it at 7am...perhaps the ink hadn't quite dried, or perhaps they knew it would go down badly.

JerryS, "I also think they seem to be having trouble sourcing an English/French dictionary which quite honestly beggars belief"

Yes, I thought that was an odd thing to include in the RNS. Couldn't agree more. A $1 billion company should not be having trouble finding a translator, just like it shouldn't have taken them several years to upgrade the website to something that finally works.

Troajan, it is true that SOLG are likely to do a cash call soon too. 50% discount is not going to happen. It may be 10% though, as it may be here.

I don't get married to my investments.

True.

Positives - progress continues and there are no major hiccups.
Negatives - 2 months behind schedule (possibly more knowing MM). Delays cost money, but that's why the company is publicly listed...begging bowl will be round soon enough.

RKaz - I'll step in on Jaf's behalf and state the bleeding obvious:

The RNS was a dressed up way of saying that the project is way behind schedule. MM was bringing out the spin and blithely ignoring missed deadlines, as if they never existed. And delays cost money.

True. Mouthwatering prospects. Just need those permits.

All aboard, Captain Hbob. Only joking...the buses aren't leaving the station just yet, so you'll have to twiddle your thumbs or talk about gardening (as per today's RNS - love MM's roundabout way of saying they are well behind schedule!).

Dare I say it...placing ahoy?!

Keep up fellas...none of this is breaking news. It's all in the 2nd of Jan RNS, so it's more than 3 months old.

"I haven't sold a share so no losses"

Classic. It's just a paper loss, so it isn't real right?!

Chart update: Said bounce happened and boy did it happen quickly and with volume. Unfortunately, it go stopped in it's tracks at 28p (former support) and the day finished somewhat weakly. I therefore duly sold for a miniscule profit (unfortunately), as it's anyone's guess where it will go tomorrow. One thing is for sure - expect volatility.

There MAY be another attack on 28p but given the way it's finished it's 50-50, and a second failed attack on 28p would be bearish indeed. OTherwise, here could be some basing at this level. Certainly, for those nursing losses it is most certainly not a sell at this level on the current price dynamics. Tomorrow's action will be key to understanding the price direction from here. Certainly, I would say that it is very unlikely that the price will drop lower than 25p tomorrow.

I would also re-iterate what has been said a few times on here. There is no such thing as a NO BRAINER. Don't put your eggs all in one basket, unless you think you're Warren Buffet...(but then aren't there at least 10 core companies held by Berkshire Hathaway...).

Porvenir is 100s of km away from Cascabel and certainly won't be included in the PEA for Alpala.

Zoros, "if the PEA includes additional drilling results elsewhere that SOLG would like to mention, surely they need to ensure they have all the permits in hand before releasing it and the govnt onboard?"

Not sure what you mean here? The only additional drilling results that might be included in the PEA are from the ongoing drilling campaign at Cascabel, for which the permits have been in place for years...

I thought you were better than that (at TA). Firstly, as I'm sure you are aware, not every gap fills.

Secondly, how on earth you can state that there is little or no support left down to 5p is beyond me! How can any self-respecting chartist state that? There are numerous, extremely well-defined support levels.

Pdub, exposing your ignorance about short-term trading there I'm afraid. At 26.75p the price had no real support. The support is at 25p. Who knew it would drop so far in 16 minutes? I didn't - did you, oh great knowledgable one? It could have taken days...

All consistent here. At the time that I said the short-term trend is down the price was at 26.5p (or around that). Who knew it would fall to major support so quickly.

I may yet have caught a falling knife, as The_Sharminator said. Hopefully not, as this now looks heavily oversold (again short-term).

eh? Care to expand?

25p is a HUGE support level. I have taken a small, short-term position now.

Watch this bounce big time. Many traders are playing this one.

I would be absolutely AMAZED, if anything came of it!

The market makers are making a market, and I see absolutely nothing unusual in the price dynamics. The simple fact is that, at the moment, the selling pressure is greater than the buying power. It's really that straight-forward. The chart has taken an ugly turn now.

As has been said umpteen times on here before, the long term (and even medium - say 6 months), continues to look rosy. But, in the short-term, the direction appears to be down. There's no need to make up a load of balloney to explain it.