The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
@Stackhigh, long term holders are not basing their investment hypothesis on the same principles as traders do, so your point is rather out of place. There have been and there will be plenty of peaks and troughs before the long term holders decide they have held enough. Traders will hold for shorter periods of time trying to benefit from price movements.
Good luck with your investment/trading strategy.
And of course I hope ypu guys are right. But my point is that on a facts basis we just don't know anything more than whatvI wrote, the rest is just hope and speculation.
IMHO:
1) as Scott commented once some time ago, some money was freed up and he bought some shares, which he can only do in Canada as that's where his pension fund is. So I would not stress on the tiny buy, he likely had some extra and added up even if the amount was immaterial.
2) The majors can take all the time they want (assuming they are interested in eventually making a move on SOLG) and if anything can also agree among themselves to keep doing nothing to starve SOLG. So I would not hold my breath.
The only think that we know for sure are that 1) cash is running out and SOLG needs to announce some funding rather soon, 2) they hope it's not dilutive. The rest as usual is our speculation.
GLA
I think for balance, if I am not mistaken, the point was that gold could shoot up and/or the DJ could crash.
Agree on copper, 10800 next level to look at.
Gold on the other side, I think it will either try to shoot to 2700 or will retrace to 2100.
HfH, to be honest IMHO I don't see SOLG selling assets other than Cascabel. It's been difficult enough to do any deals on the main asset, imagine the other ones.
Besides, even from the NM days, the other tenements were put under the other 100% owed companies in view of flogging Cascabel and restart the exploration-to-monetization cycle with the rest of the portfolio.
I can imagine JVs for any of the other tenements, but then in that scenario it would only be capital for those projects so it would have no significant bearings on SOLG as a whole.
That is just my opinion of course.
GLA
Theoretically, if any technical movement is at play here, after a clear retracement we might enjoy a wave up to 12.80/14.1, depending. We shall certainly see soon enough if that is the case.
GLA
I concur with Add. If we look at the Fib extension from 4th march to today, we seem to be in for either a 14% or a 39% retracement, which is of course less desirable than a 14% or 39% raise, but it's in the predictable range of things after such a quick raise. I would wait until the end of the week to express a view one way or the other.
Https://www.ft.com/content/59298650-540a-43cd-86f8-a6c6db0aa906
Thank you for the article!
Anyone has access to that BNAmericas article behind the paywall?
IMHO, the 30c was a stroke of genius dressed down as a casual comment. SC cannot tell what the end game looks like if bids start coming in, but still needs to trigger the first one. Just that.
When I spoke to him he definitely did not seem to be interested in low ball offers.
Paraphrasing Eugene Lewis Fordsworthe, "Assumption is the mother of all ****ups", and this BB is well known for being full of it. All kinds of theories and permutations have been fantasized over in time only to generate disillusion and further grief. The truth all along remains that we just don't know what is really going on in the background and in some cases even SOLG's management may not really know what is going on with the counterparts they engage with.
Yep, that's sums it up.
@Novice, are you forecasting 55p by noon? :)
Well, if it really happens, that's a good step in the right direction, but IMHO, and as a disillusioned long term investor massively in the red, management has been abysmal and it remains to be seen whether those $15mln would be cashed in now or whether further dilution would be required to keep the company alive until the resource can be extracted ad monetized. I am eager to see how things pan out in the next weeks but I am not holding my breath.
GLA
Who knew that not only we would get stuck with the SOLG investment for way too long, but to make it even less palatable we would need to endure pointless arguments about any other random topic while we try to have the occasional relevant conversation.
It would be really smart, as we have suggested many many times, to simply filter the toxic ones or at least not engage with them.
Like many here, I see plenty of green posts and I am happy to be able to filter, but then I need to scroll through endless responses of no interest or relevance from those who sometimes offer a useful contribution.
Think people, think.
And interestingly enough, the areas that were the green was damaged were not damage by mining but rather by farming and livestock
It's a "green" award to Solgold for having planted 1 million trees