RE: Sold...5 Aug 2020 10:54
I am glad he's gone, whatever his agenda was, it certainty had nothing to do with the SP or company doing well, his spinning of news to make it appear bad even when it was obviously good was bordering fox news and trump worthy.
For SOLG it makes perfectly sense for the company to be as attractive as possible for bigger investors with improved governance before any major news, such as PFS, conditional funding and regionals, so that they buy in, increase liquidity and help the company to grow when news is released. The last thing we want is the short term small investor selling on news and the SP dropping.
I am not even that excited about the current SP as this is so just the start, its unbelievable.
Using Latest Metal prices we have over $43bn in gold in resources, close to $100bn in Gold, Copper and Silver in just one resource, with the potential in many more resources of this size to come.
That $100bn Resource of Cascabel has BHP, Newcrest and Franco all connected to it and a PFS due next month with a full DFS in less than a years time. 500m or even 800m comes not close to the 100,000m that is contained in resource in project number 1, let alone project 2 thru 5.