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"Dilution just ain't great for equity holders"
How true especially for PIs who cant sit in front of screen 24 hours a day (with ready cash) waiting for that short and not pre unannounced window of Primary Bid. We PIs like me have to be just grateful for crumbs from the masters table.
Backinblak , I was concerned about this very point but then like you thought of the safety net of institutional investors and felt comforted. having said that I have lost a packet on another company with fund raise after fundraise and promise of jam tomorrow. it eventually was put in a prepacked administration .
Whilst research and comments on here help to take a more informed view but at the end of the day it is a gamble .
I appreciate the efforts on this board to better describe what Solgold does . But don't you think the name Solgold is established in the minds of those that matter and they know what it is and isn't so why the expense of changing identity.
15 April 2021
"and whatever happens here you can’t be wrong lol"
Not necessarily the outcome you suggest. If the company becomes desperate a cheap sale out may increase my loss when the final curtain falls. I am running that risk by hoping that the final curtain may at least reduce my loss by some premium on the current price .
"BHP/NCM appear to have been happy to slow-play their hand so far."
LunchMoney, Your assumption that they will play their hand dos not appear to be shared by the market. otherwise the share price would not have dropped so much. especially when there is big pot of gold, silver and copper buried under the ground waiting to be exploited. Sorry but I have now lost all faith in positive stories about this company., however, against my better judgement, I continue to be invested in the hope that I will not have to stomach the large loss I am currently sitting on .
" thought I had bagged one when topping up at 28p last week but now what is a bargain price here ? GLA MFU"
So did I when I begged some at 34 and then 30. Now hand badly cut by the falling knife and cant go to get it stitched for the fear of catching Covid
"There's no-one making decisions and the current CEO doesn't give a toss anymore."
You are frightening me. I thought there was an internal candidate waiting to become CEO. What is he and/or the BOD directors doing. surely there must be regular Board meeting where ongoing crucial issues are discussed
as you say redknight1 if there was a bid being discussed the BOD would have to announce the approach of a bid. So no bid which leaves JV discussion or shares issue. may be the market is expecting a heavily discounted shares issue hence the price drop. may be that ,may be this, may be the other - right now the only question in my mind is " is there a floor to this drop?"