RE: Fund raise option8 Oct 2022 12:38
Sean
Uncertainty and hesitancy is the market value.
The figures bandied on here by certain posters are pie in the sky valuations that are nowhere near reality, maybe if the mine was in Canada, Australia etc but it isn’t.
BHP have bided their time because they can, the market has come to them if they want the company.
SOLG’s options since they were 37p have massively reduced, their fundraising options are severely limited now. The sp at 37p was heavily influenced by bid speculation and if you believe these boards still is.
IMV BHP hold all the cards, some posters just don’t want to, or can’t afford to, believe that.
There are posters on here who won’t sell for less than a £1, that’s cloud cuckoo land in todays environment.
First of all Solg need some cash, until that’s resolved the sp isn’t going anywhere north fast.