Member Info for TheItalian

Come on Colonel, of all things naive I am not.

For years SOLG's management has put us investors in a difficult position, and our options are now very limited.

The only way to make money with SOLG over the last 7 years has been trading the volatility, which has got nothing with investing and especially with an event-based investing strategy that many of us has been following, the event being a takeover, and it adds to the fundamental risks associated to the company.

It does not mean that an "event" is not possible, and in fact I still very much hope we have such breakthrough and that is why I am holding, but this looks more and more like a deep OTM binary option, which was not the intention when I invested here.

Quady, one thing I agree with at he moment, the price would not be so depressed if a takeover was even a remote possibility. If there is such a thing as the market pricing efficiently, it's pricing for SOLG not selling, leaving a chance that we finance the smaller project ourselves, leaving our hopes for a better investor return to much later.

For a company that is allegedly in its best position, the optics are remarkably showing exactly the opposite.

Did anyone had any meaningful communications with Sean Tufford?

I emailed him last week, asked him some very specific questions, he came back all hyped up about SOLG but promising to answer factually this week and then disappeared.

DK, if that's how you think of an investment in SOLG, perhaps you should have invested in a consumer goods type of company. This is a mining exploration company pre-development stage in need of finding its way to development, there is no clarity until the company knows how development will happen, so there is no "what it says on the tin".

There are certainly many professional ways to deliver a message that sounds positive in SOLG's management point of view, but "Fun fact" is not it. Who have they hired to manage comms?

Which I would urge you all to listen to. A very great insight on the background workings of today's juniors' world and lack of investment.

Https://youtu.be/sIdxMtbKb38?feature=shared

ToS, to be fair to Red, even the Deloitte paper discussed earlier explains how the price of metals affects exploration companies, so perhaps I would give it a rest.

Https://www.youtube.com/watch?v=H0_VN_E3ZvM

Found it, thanks

Add, have you got a link to that specific interview? There are many on YouTube recently, he is quite keen on media!

Thank you Add

They really are not doing themselves any favours with these tweets

Praised be the Lord, and let Solg be sold!

Great find Add, and proves once again that most of our pain is driven by the macro.

My humble opinion ( from SteveE60's message):

The only parameter that might suggest that we are at the bottom is the price being at the bottom of the long term declining channel (which I am sure you can all plot on a chart!). Other than that, we appear to be in a strong bearish mode with short term and long term indicators still not showing a reversal. On that basis I am holding any powder dry at present, even though I can see the very attractive call for entering the market at these levels, and if I was not already heavily invested I would probably start building a position from here, with optionality to average down if necessary.

The SOLG price correlation to CDXJ has been higher than the average in the last 12 months and is particularly higher in the last month, which might suggest that, using Warren Buffet's parlance, we are just being carried by the tidal forces of the wider market at the moment.

About the price being manipulated, of course it is but that is the very nature of markets and is amplified by algorithmic capabilities and especially for such illiquid stocks where speculation is particularly easy if you are committed enough, so I would not encourage any specific conspiracy theories. Is it possible that potential suitors are keeping the price at bay? I am sure they could but I suspect they don't bother.

I still believe that the SR links the technical plan for the reduced Cascabel with a financing arrangement, which in my opinion is why it's taking so long, I believe that in the background there must be a lot of back and forth about the various parameters that will eventually determine if the IRR is attractive or not. I had forgotten about Blanca, but in hindsight I think it makes sense that it comes into the Cascabel and SR picture if they can factor it in. Certainly as BBG suggested, if we get an RNS about Blanca before the SR is published it could be a very good outcome.

So as a result, when the relevant news come out, the price will move rapidly, and my price assumption is that we will have to be ready for a quick rerating with a spike materializing within 4-6 weeks, where we hold hope to sell if we want out.

Just my two cents, GLA!

I might be left with 20p in my bank account at this rate of price decline, but hey, it's been fun to dream of that 60ft sailboat!

Can you all just don't engage this guy? That's the only way to clean up the BB, and we would all be better off.

See, we can have civilized and actually informative conversations on this BB, if A) we don't engage the muppets, and B) when we respond to each other we stick to a mutually respectful tone.

It's not actually that difficult if we just make a little effort to be decent.

Thank you Snowman, good read, I would like to see anything 0.10c/lb or higher, which IMHO is achievable via a constructive engagement with the majors.

If the fair price, at the exploration stage is therefore around 4.1% of resource (not my 12.7%, ouch!), I can see why no buyers come out in the open. Solg made it clear over many years that they do not intend to sell at these levels, which makes me worry that after all they might try to advance the project to achieve at least a feasibility (8-9%) or development (10-20%) kind of valuation.

We might be here a bit longer in that case, sorry to even think about it...

Mog, obviously I cannot trust myself with numbers! Perhaps I should stop pretending that I know what I am doing when I play with money.....